The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist, Matthew Lynn. “It all has a very 2008 feel to it …” he warns and outlines his and our growing concerns about Deutsche Bank.
That Hillary in power will try (and possibly) succeed in going to war once again, this time targeting Russia or its allies (the Syrian state, the Ukrainian Russian separatists), is frightening. The electorate is malleable, its collective memory short. What should be universally acknowledged truths (the Iraq War was based on lies) are in fact not grasped adequately by the masses. If they were, how could anybody vote for hideous Hillary?
The ink on the OPEC "deal" is not dry yet, and in fact it won't be until November when the actual deal which breaks down the oil production quota for every OPEC member is ratified - if that ever happens - and already the bickering has begun
Continuing to pile on the bearish oil case, Goldman warns today that not even an OPEC deal would stop oil going lower, adding that "we remain sceptical of its impact. For one, our production forecast continues to reflect a seasonal Saudi production decline into year-end, with no growth elsewhere. Second, even with this OPEC help, our updated oil supply-demand forecast now points to a renewed build in inventories in 4Q 2016 vs. a forecast for a draw only last month.
"Sometimes history jumps. Think of the first world war, the Bolshevik revolution, the Great Depression, the election of Adolf Hitler, the second world war,... We may be on the brink of an event as transformative as many of these: the election of Donald Trump as US president. This would mark the end of a US-led west as the central force in global affairs. The result would not be a new order. It would be perilous disorder."
Lecturing on democracy is a distinctive feature of American foreign policy. Does the US really provide an influential role model for how elections should run in other countries? Is America really a shining example of real democracy? "Forbear to judge, for we are sinners all." Domestic and international experts rate the US elections as the worst among all Western democracies. According to Electoral Integrity Project, Denmark, Finland, Norway and Sweden are at the top of the ranking, while the US scores 62.
While we await every new headline out of Algiers, overnight Goldman threw in the towel on its "transitory" oil market bullishness, and in a note by Damien Courvalin looking "Beyond Algiers, Weakening Oil Fundamentals", the bank cut its Q4 oil price target from $50 to $43, as the bank admits the previously anticipated rebalancing will take longer to achieve, and now expects "a global surplus of 400 kb/d in 4Q16 vs. a 300 kb/d draw previously."
It was Russia's turn to respond to the accusations of "barbarism" which it did today through Russian Foreign Ministry spokesperson Maria Zakharova. “Historically speaking... a barbarian is someone not belonging to an empire, and we have only one of those today,” she noted on her Facebook page. “As for the imagery... the world has seen nothing more barbaric in modern history than Iraq and Libya done the Washington way.”
Global hedge fund tycoon and political provocateur George Soros is leading a war of symbols, namely flags and banners either resurrected or conjured up by his myriad non-profit groups, to stir religious, racial, and ethnic tensions the world over.
The governed are ready for a period of retrenchment, consolidation and diplomatic solutions to unwinnable conflicts, as imperfect as the peace might be to hawks. For these reasons, the more adept elements of the Deep State have no choice but to dump Hillary. Empires fall not just from defeat in war with external enemies, but from the abandonment of expansionist Imperial burdens by the domestic populace. Put another way: drones and proxies don't pay taxes.
On Monday, Hillary Clinton accused Donald Trump of giving “aid and comfort” to Islamic terrorists, and that terrorists use his rhetoric to recruit fighters. On fighting terrorism, she chastised Trump “I Know How to Do This“. “I’m the only candidate in this race who’s been part of the hard decisions to take terrorists off the battlefield. I have sat at that table in the Situation Room,” said Clinton. Here's our counterclaim: Hillary Clinton not only sponsors terrorism, she is a terrorist.
Who actually benefits from American-led wars across the globe? The aftermath of American-led conflicts shows it is not the common people, though the military and politicians vow they are liberating and protecting them... "Before 2011, I hated Gaddafi more than anyone. But now, life is much, much harder, and I have become his biggest fan."
"...I believe my party has become the party of the elites and moneyed class and has deserted its historic mission as the party of the working class and disadvantaged.Given my level of discomfort with the current leftist orientation of the Democratic Party, I am now supporting Republican nominee Donald Trump for president. I urge my fellow Democrats to vote for Mr. Trump."