The Economic "Recovery" Feels Weak Because The Great Recession Never Really Ended

"We are not in a recovery and were not really in a traditional recession. People think of a business cycle as a boom, followed by a recession and then there are automatic stabilizers that revive the economy, but this time, we can't revive. And the reason is that every recovery since 1945 has begun with a higher, and higher, and higher level of debt. And the debt is so high now that since 2008 we've been in what I call, debt deflation."


Hangzhou, We Have A Problem: "Over 71% Of New Chinese Loans Went To Fund Mortgages"

Last week, the IMF warned that China's growing debt "posed risks to financial stability." Here's why: new loans in August reached 948 billion yuan ($142 billion), more than double the figure a month before, data from the People's Bank of China showed. And the punchline: over 71% of the loans went to households, mainly to fund mortgages.

MidEast Massacre As Saudi Bank Stocks Crash To Crisis Lows

It's probably nothing but... Saudi banking stocks have been halved in the last year and crashed to their lowest level since the March 2009 lows. Middle East stock markets began the week with a big downturn as China comes back from its Golden Week holiday...

America Is On A Slippery Slope

The deep state is unlikely to accept that it’s Check Mate to China and Russia. Increasing desperation and the deep state’s groupthink place a high probability on another false flag operation, or a variant thereof. The world is at a critical juncture already with Syria, where the super-powers are at war through their proxies. Let’s just hope the fears expressed in this article over the senselessness of America’s future actions are overstated.

Russia Accuses US Of Threatening Its National Security, "Needs Nuclear Weapons For Protection From US Hostility"

"It's not just a rhetorical Russophobia, but aggressive steps that really hurt our national interests and pose a threat to our security" the Russian foreign minister said in an interview in Russia today, adding that "the Russian need to have nuclear arms for protection against US is a most negative & dangerous result of Washingtons influence on world stabilty."

US Soldiers Resist Obama's Support Of Al Qaeda

Barack Obama’s repeated insistence that Bashar al-Assad must leave office – and that there are ‘moderate’ rebel groups in Syria capable of defeating him – has in recent years provoked quiet dissent, and even overt opposition, among some of the most senior officers on the Pentagon’s Joint Staff. Their criticism has focused on what they see as the administration’s fixation on Assad’s primary ally, Vladimir Putin. In their view, Obama is captive to Cold War thinking about Russia and China...

Globalization Is Done

The end of growth exposes the stupidity and ignorance of all but (and even that’s a maybe) a precious few (of our) ‘leaders’. We are transcending into an entirely different stage of our lives, our economies, our societies. Growth is gone, it went out the window long ago only to be replaced with debt. And that’s going to take a lot of getting used to. But there’s nothing that says we couldn’t see it coming.

Duterte Dares CIA To "Oust" Him, Puts Joint Patrols With US On Hold

"You want to oust me? You want to use the CIA? Go ahead," Duterte said in a speech in his southern home town of Davao city, while railing against US President Barack Obama. The speech follows and accusation last month in which Duterte said the CIA was plotting to kill him, but gave no specifics. "Be my guest. I don't give a shit."

China Mocks "Chaotic" US Presidential Race

With the scandals surrounding both presidential candidates surpassing anyone's wildest predictions, and the rest of the world just as stunned at ongoing developments in the US political system, one country has decided the time has come to take a direct stab at what it dubs America's "arrogant democracy" and "flawed politics"- China.