Long-term, Gold Has CRUSHED Stocks' Performance
Hillary Clinton recently blasted the hidden financial dealings exposed in the Panama Papers, but she and her husband have multiple connections with people who have used the besieged law firm Mossack Fonseca to establish offshore entities.
Since the end of the Cold War in 1991, this country has been steadily bled and slowly bankrupted. We are now as overextended as was the British Empire in the 1940s. Time for a reappraisal of all of the war guarantees this nation has issued since the beginning of the Cold War, to determine which, if any, still serve U.S. national interests in 2016. Alliances, after all, are the transmission belts of war. This is not isolationism. It is putting our country first, and staying out of other people’s wars. It used to be called patriotism.
In terms of oil, it’s estimated that the Arctic has 90 billion barrels of oil that is yet to be discovered. That’s equal to 5.9% of the world’s known oil reserves – about 110% of Russia’s current oil reserves, or 339% of U.S. reserves.
Today the farce that is Obama's foreign policy was finally complete: in a statement by Iranian Deputy Chief of Staff Brig-Gen Maassoud Jazzayeri, Iran actually used Obama's infamous "red line" phrase... against the US president when "Iran warned the US on Monday that any attempt to encroach on the Islamic Republic's ballistic missile program would constitute the crossing of a "red line."
Will We Learn History ... Or Repeat It?
We have the power and the weaponry to change every community, every state and the entire nation without ever firing a single bullet. How is this possible?
Although Belgian nuclear officials say reports that a guard was killed and his access badge stolen are "false," there's little question that the country's nuclear facilities have a questionable safety and security record. That, combined with the fact that at least one ISIS member had access to a reactor at Doel in 2012, has experts worried that Belgium's nuclear facilities will be the next target for the now famous Brussels cell.
Yes, we know, this is a “conspiracy theory,” and therefore we aren’t allowed to consider it, let alone examine the facts that back it up. Nations never engage in conspiracies, and government officials never lie. But, Trump has ripped the bandage off the gaping and still suppurating wound of that ill-begotten war, and the howls of rage and pain are being heard on both sides of the political spectrum.
- Oil extends rally towards $35 after Iran welcomes output freeze (Reuters)
- Overproduction Swamps Smaller Chinese Cities, Revealing Depth of Crisis (WSJ)
- House Flipping Is Making a Comeback in Las Vegas (BBG)
- Trump leads Republican field nationally by more than 20 points (Reuters)
- Turkey blames Kurdish militants for Ankara bomb, vows response in Syria and Iraq (Reuters)
"We see signs that countries in the Arab world are preparing to acquire nuclear weapons, that they are not willing to sit quietly with Iran on brink of a nuclear or atomic bomb."
"Truth is like poetry. And most people f**king hate poetry." - From the Big Short movie (overheard at a Washington D.C. bar)
The increasingly interconnected worlds of debt, energy, and economic growth are about to cause a very substantial disruption to the economy, as oil limits, as well as other energy limits, cause a rapid shift from the benevolent version of the economic supercycle to the portion of the economic supercycle reflecting contraction. Many people have talked about Peak Oil, the Limits to Growth, and the Debt Supercycle without realizing that the underlying problem is really the same - the fact the we are reaching the limits of a finite world.