Saudi Arabia

"We think carefully about which companies we sell addresses to, but how their customers use this internet connection is beyond our control"...

“In our estimates, one should hardly expect any serious growth of the oil price above $50," Oreshkin told a breakfast forum hosted by Russian newspaper Vedomosti on Friday. “The oil industry is changing structurally and it may happen that... the global economy will not need that much oil."

Having crushed the "greatest global threat" over the weekend with a "bullshit" deal, President Obama turns his attention back to that other thing... the war on terror. In a statement which will, in The White House's words, "update the nation on the US campaign to Degrade and Destroy ISIL," Obama will, we are sure, explain why they didn't bomb ISIS' oil facilities, why they are still allies with Saudi Arabia, why Russia's "success" is just propaganda, and how awesome the US-based coalition is (as opposed to the bad guys, which includes Putin). Grab your popcorn.

If the United States were truly serious about terrorism, it would start by gauging the level of threat properly and communicating that appraisal to the American people: We would also have a more honest and open discussion about our own role in generating it; we would now be having a frank discussion about the role of the media; we’d also see more creative efforts to discredit, marginalize, spoof, and embarrass the groups we oppose; and you’d see a more hardnosed approach to the various American “allies” who are part of the problem rather than being part of the solution.

This is where the Fed. now finds itself. Here they were. Just holding policy lines doing what they in their Ivory Tower contemplated and the so-called “smart crowd” insisted they do. And now the saying of “Between a rock and a hard place” might be an understatement. The world sits atop a tinderbox fueled by monetary policies that created them and awaits a match that could set it off in a blaze of who knows what. All in short order. Unless they don’t do anything except try their best Draghi impersonation and declare, “They too are once again at the ready to do what ever it takes!” Except – just not now.

What stinks in Saudi Arabia ain’t the camel dung. It’s the monarchy of King Salman and his hot-headed son, Prince Salman. For decades they have financed terrorism under a fake religious disguise, to advance their private plutocratic agenda. It has nothing to do with religion and everything to do with money and oil. Saudi control of that oil wealth (from Iraq to Syria) via their ISIS agents, along with her clear plan to take out the US shale oil competition, or so Riyadh reckons, would make the Saudi monarchy a vastly richer state.

Calling for a moratorium on Muslim immigration “until our country’s representatives can figure out what the hell is going on,” Donald Trump this week ignited a firestorm of historic proportions. As all the old hate words - xenophobe, racist, bigot - have lost their electric charge from overuse, and Trump was being called a fascist demagogue and compared to Hitler and Mussolini. Why the hysteria? Comes the reply: Trump’s call for a temporary ban on Muslim immigration tramples all over “American values” and everything we stand for, including the Constitution. But is this really true? In fact, is this move a well thought out cunning plan?

The spread of extremist Islamist ideology is as much a result of Western foreign policy as of Saudi machinations. It is no coincidence that ISIS is adopting Saudi religious textbooks in its schools, killing Shia in Saudi Arabia just like the early Wahhabi zealots wanted to, and generally garnering much support on a popular level in the kingdom.

Great news! The "greatest threat to future generations of the world" has apparently been solved. World leaders Saturday adopted an historic international climate accord in Paris, the first-ever agreement to commit almost every country to fight climate change. However, as we knew all along and just got confirmation, the 31-page pact does not have binding language or a mechanism to force countries to live up to the promises to cut greenhouse gases.

"As the leader of a military brigade, I am not fully satisfied with the government's action, and we are here to say that Iraq's patience has run out."

"We call on the Security Council to demand that Turkey withdraw its forces immediately and not to violate Iraqi sovereignty again."

You know you've 'made it' when the prince of one of the world's biggest human rights abuser (and leading 'beheader') nations calls you a "disgrace to America."

"A flip to fiscal stimulus is the most likely catalyst for a Great Rotation out of “deflation plays” into “inflation plays”, undoubtedly the biggest investment decision of 2016. Sadly it took the New Deal and WW2 to end the dominance of “growth” over “value” in the 1930s."

Here is the biggest difference: back then total debt/GDP was 61%. Now, it is 104%, with the total US debt just now shy of $19 trillion.

The latest confirmation that the oil cartel formerly known as OPEC is effectively non-existent, came a little over an hour ago when in its latest November monthly report, the Organization of Petroleum Exporting Countries reported that total monthly crude output for the member nations rose to 31.695 million barrels per day, the highest amount produced in three and a half years.