• EconMatters
    11/30/2015 - 16:21
    The ISIS group sells most of its crude directly to independent traders at the wellhead for $20-$45 a barrel earning the group an average of $1.5 million a day.


Tyler Durden's picture

Is Washington Preparing For World War III?

The US military-intelligence complex is engaged in systematic preparations for World War III. As far as the Pentagon is concerned, a military conflict with China and/or Russia is inevitable, and this prospect has become the driving force of its tactical and strategic planning. Three congressional hearings Tuesday demonstrated this reality. Contrary to the media portrayal of Washington as deeply divided between parties with intransigently opposed political outlooks, there was bipartisan agreement on this most fundamental of issues, the preparation of a new imperialist world war.

Tyler Durden's picture

Volkswagen And China: A Perfect Fit

If Angela Merkel wants to get rid of one of her major headaches, we suggest she should tell Volkswagen to move its operations from Wolfsburg to China. It may seem a strange thing to do at first blush, with 750,000 German jobs on the line, but bear with us here, because this could well be the only way to preserve at least some value for VW’s stock- and bondholders.

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Weekend Reading: Copious Contemplations

"After many years of ultra-accommodative polices, it is clear that ongoing interventions have failed to boost actual economic growth and only exacerbated the destruction of the middle class. It is clear that employment growth has only been a function of population growth, as witnessed by the ongoing decline in the labor-force participation rates and the surging levels of individuals that have fallen out of the work-force. While we will continue to operate to foster maximum employment and price stability, the reality is that the economy overall remains far to weak to sustain higher interest rates or any tightening of monetary policy."  

Tyler Durden's picture

It's Official: The Baltic Dry Index Has Crashed To Its Lowest November Level In History

2015 has been an 'odd' year. Typically this time of year sees demand picking up amid holiday inventory stacking and measures of global trade such as The Baltic Dry Index rise from mid-summer to Thanksgiving. This year, it has not. In fact, it has plummeted as the world's economic engines slow and reality under the covers of global stock markets suggests a massive deflationary wave (following a massive mal-investment boom). At a level of 631, this is the lowest cost for Baltic Dry Freight Index for this time of year in history.. and within a small drop of an all-time historical low.

Tyler Durden's picture

A Stunning Admission From A BOE Central Banker: This Is What The Coming "Helicopter Money" Will Look Like

“Consider for example a tax cut for households and businesses that is explicitly coupled with incremental Bank of Japan purchases of government debt – so that the tax cut is in effect financed by money creation”

- Ben Bernanke, Some Thoughts on Monetary Policy in Japan, 2003

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Former US Air Force Lieutenant: Obama's Syria Strategy Is An "Illegal Embarrassment"

"I am thinking that you are going to see something out of Congress, because we, as Americans, are embarrassed by this – this is an embarrassing situation. Obama is embarrassed, the State Department sounded quite embarrassed when they briefed Congress. I think we are looking at somebody taking some action."

Tyler Durden's picture

Technology, Competition, And The 'Crapification' Of Jobs

The 'crapification' of jobs is the direct result of the 'crapification' of the economy.

Phoenix Capital Research's picture

Warning: Your Deposits Can and Will Be Used to "Bail-In" the Big Banks

In the last 24 months, Canada, New Zealand, the US, the UK, and now Germany have all implemented legislation that would allow them to first FREEZE and then SEIZE bank assets during the next crisis.

Tyler Durden's picture

Labor Participation Rate Remains At 37 Year Low As 94.5 Million Remains Outside The Labor Force

In another sign that the labor market slack, at least from the Fed's perspective, is now reaching a peak, the Household survey reported that while the civilian labor force rose by over 300K in October, the number of people not in the labor force actually declined by 97K to 94.5MM (as those employed rose by 320K), following a surge of over half a million in September. Despite this headline improvement, however, the participation rate remained at 62.4%, same as the prior month, and at a level last seen in 1977.

Sprott Money's picture

Russia and China: Victory-by-default

History tells us that empires are rarely defeated, by any external rival. 

Tyler Durden's picture

The "War On Terror" Is The Hoax Foundation Of The Police/Spy State

The “war on terror” was a hoax. Americans were deceived by policymakers, who are pursuing a hegemonic agenda. The American people were too trusting and too gullible and, consequently, Americans were easily betrayed by Washington and by the presstitute media. The populations of the eight countries and Washington’s vassals are stuck with the consequences of Washington’s evil, vicious, and illegal actions. And Americans are stuck with the police/spy state and militarized police who murder three Americans each day and brutalize countless others.

Tyler Durden's picture

Ceasefire Is Over: Kurds Call Time After Erdogan Engineers Election Victory

If the PKK steps up its attacks on the Erdogan regime, how will Ankara reconcile that with Washington's move to place ground troops with the group's Syrian sister organization and what will that mean for two air forces that are flying from the same base at Incirlik?

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Spot The Odd Poll Out

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