Germany

Iran Is Cheating On The Nuclear Deal, Now What?

One year into the nuclear deal, two credible and timely intelligence reports reveal that Iran has no intention of honoring the terms of the deal, which, anyway, it never signed. Germany's domestic intelligence agency revealed that the Iranian government has pursued a "clandestine" path to obtain illicit nuclear technology and equipment from German companies "at what is, even by international standards, a quantitatively high level." What has been President Obama's reaction to these crucial intelligence reports? Silence.

The Attack On The Second Amendment Is Not Finished

The Statist-Marxists (self-termed “Progressive Democrats”) are by no means finished hacking away at the branch of the Tree of Liberty bearing the 2nd Amendment of the U.S. Constitution.  The right of a free citizenry to keep and bear arms is a right the Marxist-Statists absolutely cannot tolerate.  We have seen it all throughout history: Hitler’s Germany, the Soviet Union, Cambodia…all of the totalitarian states must take the firearms from the hands of their citizens in order to make them subjects.

What Will Hillary Do? Goldman Ranks Russia 'Best Olympian' Nation Ever (Over #2 USA)

While exceptional USA is heralded as savior of the world and "greatest nation ever in the history of earth," by Hillary Clinton, it appears Goldman Sachs disagrees... when it comes to The Olympics. From an 'efficiency' perspective,  controlling for how populous, rich (income per capita), and 'efficient' they are, Russia is the greatest olympic sporting nation (and ironically Greece is worst)...

China's New Silk Road To Make A Big Move In Gold

In short, the New Silk Road is all about building alternatives to U.S. power. Part of that, of course, is displacing the U.S. dollar, the world’s premier currency. So it should be no surprise that China’s New Silk Road project is about to make its first big move in the gold market.

World Stocks Drop For Third Day On Growing Concerns About Central Bank Policy, Tumbling Oil

After 7 consecutive drops in the Dow Jones, the Industrial average is set for an 8th decline with US equity futures modestly lower in the premarket as risk-averse sentiment persists overnight. Oil’s continued slide and recent plunge into a bear market, despite some stabilization this morning just south of $40, has finally rekindled global growth concerns, and is keeping a lid on bullishness. European stocks are little changed, while Asian stocks and S&P futures fall.

The End Of IMF Credibility (Or Why Christine Lagarde Should Be Fired... But Won't Be)

The IMF’s Independent Evaluation Office (IEO) issued a report a few days ago entitled ‘The IMF and the Crises in Greece, Ireland, and Portugal’. It is so damning for managing director Christine Lagarde and her closest associates, that it’s hard to see, certainly at first blush, how they could all keep their jobs. But don’t be surprised if that is exactly what will happen. Because organizations like the IMF don’t care much, if at all, about accountability. Their leaders think they are close to untouchable, at least as long as they have the ‘blessing’ of those whose interests they serve.

Global Shares Slide As Japan Stimulus Disappoints, RBA Underwhelems, Italy Bank Fears Return

European stocks slid to a two-week low amid mixed earnings, as bank stocks extended yesterday’s decline as fears that Italy is not "fixed" have reemerged, not helped by an adverse market reaction to a disappointing Japanese fiscal stimulus announcement, while the AUD first dropped but then jumped after the RBA's priced in rate cut was announced, seen as underwhelming.

The Looming Financial Crisis Nobody Is Talking About, But Should Be

A chain of events has been set in motion that will expose the massive fraud world banks and governments have perpetuated on their citizens. When fear porn is being promoted on the major networks, keep in mind the real threats to freedom and security will not be openly announced.

In US Elections, Money Matters!

Simply put, in 40 years of US national elections - money talks, and bullshit (along with hope, change, trust, policy, and every other potential differentiator) walks...

Germany Furious After Turkey Issues Ultimatum, Threatens With Refugee Exodus

Turkey's foreign minister has told Germany that “if there is no visa abolition, we will be forced to abandon the agreement struck on March 18 concerning taking back [refugees]” to which Germany's vice chancellor had a quick response: "Germany and Europe should under no circumstances be blackmailed."

US Launches Air Strikes Against ISIS Targets In LIbya

In what comes as the most expected geopolitical development in recent years, moments ago the United States announced that it had launched multiple airstrikes against Islamic State militants in Libya on Monday, opening a new, more persistent front against the group at the request of the United Nations-backed government, Libyan and U.S. officials said.

Italian Banks Crash Despite 'All Clear' From EU Stress Tests

For a few minutes at the open, mainstream business media persuaded itself that the EU stress tests had proved that everything was fine in Europe's banking system again. But very quickly, things went south with Italian banks - the center of the storm - reversing gains and then extending losses with Unicredit now down 8% (after being up 4%).

Preview Of Key Events In The Coming Week

After last week's central bank and GDP fireworks, we have another busy week on deck culminating with Friday's jobs report, the 100% priced in BOE rate cut, as well as a possible easing by the RBA.Here is the full breakdown.