“The national government, through the central bank, is going to try to swap gold held as reserves for dollars to stay in power unconstitutionally,” according to the letter signed by National Assembly President Julio Borges.
In an indirect confirmation that Trump's immigration policies are already working, Reuters reports that the number of people applying for asylum in Mexico has soared by more than 150% since Donald Trump was elected U.S. president, according to Mexican data, as more Central American migrants seek to stay rather than take their chances in the United States.
Despite having made its bond payment due last week, Venezuela’s state oil company, PDVSA, remains in fire financial straits, with virtually no funds or liquidity, and regardless of the close Russia-Venezuela ties, a Russian state-run shipping company has taken a tanker of PDVSA crude "hostage" in the Caribbean over $30 million worth of unpaid shipping fees.
The Sunday night Facebook killer, who posted a video of himself on the social network shooting an elderly man in Cleveland, remains at large for the second consecutive day as authorities appealed to the public for help in the case.
The Fed managed to “paper over” the weakest recovery in 80 years with massive QE programs. As a result of this, for the last seven years, stocks "slept" through weak economic fundamentals. But not anymore...
The regime of Kim Jong Un possesses rockets that can hit South Korea and Japan with as many as 20 atomic bombs, and it’s now focused on building a long-range missile capable of hitting Washington D.C., with a nuclear warhead. The charts below summarize what is known and unknown about North Korea's tactical military arsenal.
Tesla is facing a potential strike at its new German subsidiary: the German Trade Union IG Metall has warned that it is exploring a worker strike at Tesla Grohmann. The machines built at Tesla Grohmann are used to manufacture the Model 3 and as a result, the car's production start in July could face another imminent delay. Meanwhile, Elon Musk faces even more headaches...
Trump's top security advisor, Lt. Gen HR McMaster told ABC News that the US and China are working on a "range of options" on North Korea, adding that "there is an international consensus now, including the Chinese leadership, that this is a situation that just cannot continue."