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Germany’s Chief Prosecutor To Start Probe Into Wikileaks-Exposed Frankfurt Cyber-Spy Hub

Germany’s Chief Prosecutor To Start Probe Into Wikileaks-Exposed Frankfurt Cyber-Spy Hub

The Germans are once again angry at the Americans over spying. Just a few years after Obama’s infamous apology for hacking Merkel’s phone, Germany’s chief federal prosecutor announced plans to carefully examine documents from Wikileaks (related to a secret CIA cyber-spy hub in Frankfurt), and will launch an investigation if it sees concrete indications of wrongdoing.

As VOA News reports, a spokesman for the German Foreign Ministry on Wednesday said Berlin was in close touch with Washington about the documents, which Wikileaks said showed that the CIA used the U.S. consulate in Frankfurt as a major remote hacking base.

“We will initiate an investigation if we see evidence of concrete criminal acts or specific perpetrators,” a spokesman for the federal prosecutor’s office told Reuters. 

“We’re looking at it very carefully.”

He said Germany needed to verify the authenticity of the documents, which, as DW.com reports, purportedly revealed that a top secret CIA unit used the German city of Frankfurt am Main as the starting point for numerous hacking attacks on Europe, China and the Middle East.

WikiLeaks reported that the group developed trojans and other malicious software in the American Consulate General Office, the largest US consulate in the world. The programs focused on targets in Europe, the Middle East and Africa.

 The documents revealed that CIA experts worked in the building under cover and included advice for life in Germany.

“Do not leave anything electronic or sensitive unattended in your room,” it told employees, also advising them to enjoy Lufthansa’s free alcohol “in moderation.”

The Frankfurt hackers, part of the Center for Cyber Intelligence Europe, were said to be given diplomatic passports and a State Department identity. It instructed employees how to safely enter Germany. A WikiLeaks tweet published an section of the Frankfurt information.

…click on the above link to read the rest of the article…

The Ever-Growing List of ADMITTED False Flag Attacks

The Ever-Growing List of ADMITTED False Flag Attacks

Painting by Anthony Freda

Presidents, Prime Ministers, Congressmen, Generals, Spooks, Soldiers and Police ADMIT to False Flag Terror

In the following instances, officials in the government which carried out the attack (or seriously proposed an attack) admit to it, either orally, in writing, or through photographs or videos:

(1) Japanese troops set off a small explosion on a train track in 1931, and falsely blamed it on China in order to justify an invasion of Manchuria. This is known as the “Mukden Incident” or the “Manchurian Incident”. The Tokyo International Military Tribunal found: “Several of the participators in the plan, including Hashimoto [a high-ranking Japanese army officer], have on various occasions admitted their part in the plot and have stated that the object of the ‘Incident’ was to afford an excuse for the occupation of Manchuria by the Kwantung Army ….” And see this, this and this.

(2) A major with the Nazi SS admitted at the Nuremberg trials that – under orders from the chief of the Gestapo – he and some other Nazi operatives faked attacks on their own people and resources which they blamed on the Poles, to justify the invasion of Poland.

(3) The minutes of the high command of the Italian government – subsequently approved by Mussolini himself – admitted that violence on the Greek-Albanian border was carried out by Italians and falsely blamed on the Greeks, as an excuse for Italy’s 1940 invasion of Greece.

(4) Nazi general Franz Halder also testified at the Nuremberg trials that Nazi leader Hermann Goering admitted to setting fire to the German parliament building in 1933, and then falsely blaming the communists for the arson.

(5) Soviet leader Nikita Khrushchev admitted in writing that the Soviet Union’s Red Army shelled the Russian village of Mainila in 1939 – while blaming the attack on Finland – as a basis for launching the “Winter War” against Finland. Russian president Boris Yeltsin agreed that Russia had been the aggressor in the Winter War.

…click on the above link to read the rest of the article…

Back From Never Gone: CURRENCY WARS

Back From Never Gone: CURRENCY WARS

US Dollar Chinese Yuan

In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases the demand for domestically produced goods), the United States are less than happy as it weakens the position of the country on the export market.

China 4

Source: Tradingeconomics

You might have missed it when the mass media were falling over themselves to crucify president Trump, but we had the impression currency wars, and protecting the position of the United States on the world market were pretty high on his ‘to do list’ after decades of huge trade deficits. As you can see on the next image, there clearly is a huge discrepancy in the trade numbers between China and the United States. A substantial trade deficit, which has been nipped in the bud by China using their hard dollars to purchase US Treasuries.

China 2

Source: Danske Bank

Whereas the president was definitely pointing fingers at China during his election campaign, he seems to have been softer after a recent call with the Chinese president.

Does this mean the USA and China are now best buddies again? Probably not. It’s far more likely the president has realized he won’t be able to get much done when he gets in a direct confrontation with China. His staff has now launched a ‘test balloon’ and widened the scope of the currency manipulation investigation. Instead of singling out China, the White House will now be using a more general approach, and has even singled out Germany.

China 1

Source: Danske Bank

…click on the above link to read the rest of the article…

Fight of the Century

Fight of the Century

Fight of the Century

 

In March 1933, the Enabling Act was passed by the Reichstag, Germany’s parliament. Its purpose was to provide Chancellor Adolf Hitler with the ability to bypass the Reichstag. It allowed him (amongst other measures) emergency powers to legally wage pre-emptive war without any further parliamentary or presidential approval, or even discussion.

In January 2017, H.J. Res 10 was introduced to the US House of Representatives. Its intent was simple and straightforward:

This joint resolution authorizes the President to use the U.S. Armed Forces as necessary in order to prevent Iran from obtaining nuclear weapons.

Introduced by Rep. Alcee Hastings (D-FL), the bill seeks to give the president unilateral authority to legally wage pre-emptive war without any further Congressional approval, or even discussion.

So, is it possible that the US is following a similar path to that of 1930’s Germany? Well, let’s look a bit closer and see.

During his campaign, Mister Trump was very vocal with regard to his sentiments toward Iran and, since his inauguration, has famously put Iran “on notice.”

He has the full support of his chief advisers on this issue. His national security adviser, Lt. Gen. Michael Flynn, and his defence secretary, Gen. James Mattis, have both recently accused Iran of being the world’s leading “state sponsor of terrorism.” New head of the CIA, Mike Pompeo, also favours invading Iran.

On the other side of the fence, Ayatollah Khamenei has behaved with traditional Iranian braggadocio, saying of Mister Trump,

We actually thank this new president… What we have been saying for more than 30 years about the political, economic, moral, and social corruption within the US ruling establishment, he revealed during the election campaign and after the elections.

With each side goading the other, both sides seem to be as eager to “get into the ring” as Muhammad Ali and Joe Frazier were in 1971’s “Fight of the Century.”

…click on the above link to read the rest of the article…

Germans: ‘Yes, Gold IS Money’

Germans: ‘Yes, Gold IS Money’

Whereas a few years ago countries repatriating their gold seemed to be ‘the hype of the month’, once the dust started to settle, we didn’t hear much about gold repatriations anymore.

At least, until last week, when Germany announced it has been able to accelerate the gold repatriations. Indeed, the country has now repatriated all the gold it wanted to get back from New York and now has to bring just 91 additional tonnes ‘back home’ from Paris.

Gold 1

Source: Bundesbank.de

Once those final 91 tonnes will be back in  Frankfurt, Germany will cut all ties with the custodian in Paris and its gold will remain in the Frankfurt, London and New York vaults, and approximately 50% of the entire inventory of the country will be held inside the country.

What’s really interesting is how hard Germany wanted to emphasize it has received ‘real’ gold and it looks like the Bundesbank wanted to nip some comments in the bud. In fact, the German Central Bank has now promised to release a list of gold bars on Thursday to confirm which bars have been ‘sent home’ by the New York Fed, where the US-based bars were held.

You’d almost start to think the Bundesbank is trying ‘too hard’ to convince the population it really received the yellow metal from New York. If this would indeed be a normal transaction (after all, it should be. ‘You have our gold, please give it back to us!’), why would the Bundesbank be so dramatic about receiving it. The president effectively showcased bars of gold, and showed pictures of the German vault in New York, as you can see on the next image.

Gold 4

Source: Reuters

You’d almost start to think they were surprised to be effectively able to get the gold back! And you’d almost start to think gold is valuable, contrary to the ‘gold isn’t money’ rhetoric after the global financial crisis.

…click on the above link to read the rest of the article…

Italy To Nationalize Monte Paschi After Private Sector Rescue Fails

Italy To Nationalize Monte Paschi After Private Sector Rescue Fails

Update: the FT writes that the Italian govt set to take a stake between 50% and 70% in Monte dei Paschi, up from the current 4% stake, as part of the government’s third bailout in as many years. As the FT adds, “the government rescue, which had long been resisted in Rome, is designed to draw a line under the slow-burn crisis in Italian banking that has alarmed investors and become the main source of concern for European financial regulators.”

It remains to be seen if Germany, long a critic of state bailouts, will be as agreeable.

Meanwhile, Pier Carlo Padoan, the Italin finmin, insisted that apart from a few “critical” situations, Italy’s banking system was “solid and healthy”. He vowed to “minimise, if not erase” any impact of the public intervention on the savings of ordinary citizens.

* * *

The third bailout, and re-nationalization, of Italy’s third largest banks is imminent following a Reuters report that the ongoing, JPM-led attempt to execute a complex private sector bailout of Monte Paschi has failed.

According to Reuters, Qatar’s sovereign wealth fund, long considered as the most likely anchor investor with a €1 billion allocation in any rescue plan cash call, decided it is unwilling to invest in the Italian bank, meanwhile Monte Paschi has been unable to find a replacement investor willing to put money in its privately funded rescue plan, less than 24 hours before the offer ends.

As a result, the bank entire share sale, which closes at 2 p.m. (1300 GMT) on Thursday, has drawn very little interest from the wider investment community.

As laid out previously, the bank needs to raise €5 billion by the end of this month to avert being wound down. The Italian government, which earlier today got a greenlight to issue €20 billion in public debt to use for bank bailout purposes, is expected to step in this week and nationalize the bank.

…click on the above link to read the rest of the article…

German Minister Seeks Jail Time, Fines In Criminal Crackdown Against Facebook “Fake News”

German Minister Seeks Jail Time, Fines In Criminal Crackdown Against Facebook “Fake News”

With Facebook having announced last week the launch of measure to flag and eliminate fake news from appearing on its website, Germany does not think the process is fast enough, and according to Germany’s Justice Minister Heiko Maas, German judges and state prosecutors need to crack down straight away on fake news disseminated through social media platforms such as Facebook. Interviewed by Bild am Sontag, Maas, a Social Democrat in conservative Chancellor Angela Merkel’s coalition, has repeatedly warned the U.S. technology company to respect laws against defamation in Germany that are more rigid than in the United States and added that the newspaper the principle of free speech does not protect against slander.

Germany’s Justice Minister Heiko Maas

“Defamation and malicious gossip are not covered under freedom of speech,” Maas said cited by Reuters, just days after other top government officials called for legislation to tackle “hate speech” and fake news on Facebook and other social media platforms. He added that the government is keeping close tabs on how efficiently Facebook removes illegal content.  If removal rates fail to grow, “urgent legal consequences” could follow.

 

Urging a criminal crackdown, the Justice Minister said “authorities must prosecute [hate speech], even on the internet,” noting that offenders could face up to five years in jail. “Anyone who tries to manipulate the political discussion with lies needs to be aware (of the consequences).”

“We expect significant improvements in Facebook’s removal practice. The standard for removals must be German law,” Maas told Sueddeutsche Zeitung on Friday.

…click on the above link to read the rest of the article…

Deutsche Bank Is Going Under: The Real Reason Germans Were Told To Prepare For A National Crisis?

Deutsche Bank Is Going Under: The Real Reason Germans Were Told To Prepare For A National Crisis?

There is a very real possibility that Deutsche Bank is going down.

If the most prominent bank in Germany fails, the effect on Europe will be profound, and I don’t think the United States will escape the effects. The ripples will turn into a tsunami as they travel across the Atlantic. Already, the bank’s troubles have stressed the American stock market.

Angela Merkel has stated that Deutsche Bank will not be getting a bailout from the European Central Bank – the lender of last resort for European banks.

The Department of Justice recently issued a $14 billion fine to the bank to settle a mortgage-backed securities probe…and the bank has no intention of paying.

Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited,” the company said in a statement early Friday in Frankfurt. “The negotiations are only just beginning. The bank expects that they will lead to an outcome similar to those of peer banks which have settled at materially lower amounts.”(source)

Deutsche Bank shares fell alarmingly this morning on the news that Merkel won’t support the bank.

Deutsche shares fell as much as six percent to €10.67 in early Monday trading, the worst performance since 1992.

The bank has lost over 52 percent of its value since January and over 56 percent in the last twelve months. Earnings per share fell as much as €6.

The collapse has been prompted by a report in the German magazine Focus that said Chancellor Angela Merkel has ruled out any state assistance for the bank next year.

…click on the above link to read the rest of the article…

Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up?

Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up?

The €72 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. It’s market cap is $17.43 billion. It has no earnings and pays no dividend.

On April 23, Deutsche Bank was Fined $2.5 Billion over LIBOR rate rigging. Twenty-one people face criminal charges following a seven-year investigation.

On September 16, the US Department of Justice Fined Deutsche Bank $14B for mortgage securities fraud leading up to the 2007-2009 global meltdown.

Today, German Chancellor Angela Merkel Rules Out Assistance for Deutsche Bank.

No Comment

Chancellor Angela Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017, Focus magazine reported, citing unidentified government officials.

The German leader also declined to step into the Frankfurt-based bank’s legal imbroglio with the U.S. Justice Department, which may seek as much as $14 billion in sanctions against Deutsche Bank’s mortgage-backed securities business, the magazine said. A German government spokesman declined to comment on the report Saturday. A Deutsche Bank spokeswoman also wouldn’t comment.

Understanding the Fine

The Guardian reports $14bn Deutsche Bank Fine – All You Need to Know.

The prospect of a $14bn penalty from the US Department of Justice has rattled investor confidence in Deutsche. The penalty aims to settle allegations, dating back to 2005, about the way the bank selected mortgages, packaged them into bonds and sold on to investors. These bonds are known as residential mortgage-backed securities (RMBS).

Can Deutsche Afford the Bill?

Deutsche Bank has been quick to describe the fine as an “opening position” from Washington. It is easy to see why. It would be one of the largest ever fines levied by the US. It could also strain the bank’s finances. For 2015, the bank reported its first annual loss since 2008 and could be heading for another loss this year regardless of the threatened justice department fine.

…click on the above link to read the rest of the article…

“Deutsche Bank May Ultimately Need A State Bailout” – Handelsblatt

“Deutsche Bank May Ultimately Need A State Bailout” – Handelsblatt

While the most recent set of troubles plaguing Deutsche Bank have been duly documented here, most recently yesterday when the stock price tumbled once again just shy of all time lows over fears the bank’s multi-billion DOJ settlement could severely impact its liquidity and/or solvency, this may be the first time we have heard the “n“-word tossed around in an official German publication: as Germany’s top financial newspaper, Handelsblatt said, “German financial officials reacted with shock and dismay to the leaking of a U.S. government demand for a $14 billion fine against Deutsche Bank, which may ultimately need a state bailout to pay the bill.

Some more details from the article titled “Deutsche Bank in New Existential Crisis“:

Discussion of Deutsche Bank’s shaky capitalization has burst back to life, with renewed speculation on whether Chief Executive John Cryan will be forced to raise new capital, which he had previously ruled out, or make emergency asset sales.

Some have even raised the possibility of a government bailout of Germany’s largest bank, which would be a defining event and a symbolic blow to the image of Europe’s largest economy. 

And some more troubling truth:

Many analysts fear the bank may be in a vicious circle, with losses and cancelled dividends pushing down share prices and preventing the rebuilding of a capital buffer.

One thing is clear. With this many unresolved legal issues, any recapitalization is likely to mean selling new shares at knock-down prices. One bright spot for the bank may be ongoing negotiations with finance company Phoenix Group for the sale of Abbey Life, its British insurance subsidiary.

Phoenix recently confirmed talks were at an advanced stage. Any sale would bring €1 billion into Deutsche Bank’s coffers – a welcome sum, but not enough to solve the bank’s problems.

…click on the above link to read the rest of the article…

Germany Prepares For Domestic Troop Deployments As “Catastrophic” Terrorist Attack Deemed “Conceivable, Even Probable”

Germany Prepares For Domestic Troop Deployments As “Catastrophic” Terrorist Attack Deemed “Conceivable, Even Probable”

Merkel continues to publicly defend her “open border” immigration policies despite continued erosion of her popularity amid rising nationalist sentiments in Germany and across the EU.  Meanwhile, Germany is preparing to deploy troops within its borders for the first time since World War II amid growing fears that the potential for a large-scale terrorist attack is “conceivable, even probable,” at least according to Lt. Gen. Martin Schelleis.

Concerns of a potential threat come as nearly 30,000 asylum seekers continue to flood the country each month from Syria alone (see chart below).  Overall, Germany took in about 2.1 million immigrants last year and over half of them were refugees.

Germany - Asylum Seekers

Which has resulted in a spike in terrorist attacks….

Germany - Terrorist Attacks

Plans to utilize soldiers for counter-terrorism efforts within domestic borders is a very controversial concept for a country only seven decades removed from totalitarian rule.  Such efforts weren’t even allowed until a court decision in 2012 which expanded Article 35 of the German constitution to allow armed forces to be deployed within domestic borders but only in response to a terrorist attack of “catastrophic proportions.”

Per Schelleis, German military assets are critical for providing a quick, effective response to a large-scale terrorist attack.  Per NBC:

“What matters in a large-scale terrorist situation is that quick and effective action is taken,” he told NBC News. “This calls for the procedures to be coordinated and practiced.”

Schelleis added the military assistance on offer could include low-altitude air space surveillance, checkpoints, explosive ordnance disposal and even advice on nuclear, biological and chemical threat situations.

“We could also provide mobile laboratory capabilities,” Schelleis said. “Our troops are excellently trained. The same applies to medical personnel, who are well versed in treating gunshot and burn injuries.”

…click on the above link to read the rest of the article…

Germany’s Finance Minister Blames ECB For German Trade Surplus; Why the Eurozone Will Destruct

Germany’s Finance Minister Blames ECB For German Trade Surplus; Why the Eurozone Will Destruct

Schaueble dismissed a suggestion this week by ECB head Mario Draghi that Germany should use fiscal room for manoeuvre to decrease its export surplus.

schaueble

Reuters reports Germany’s Schaeuble blames ECB for German Export Surplus.

Germany has no plans to reduce its export surplus, Finance Minister Wolfgang Schaeuble said on Friday, as the European Central Bank (ECB) has not changed its monetary policy which has led to a weaker euro which in turn boosts German exports.

“Even before the European Central Bank decided its policies of unusual monetary policy, which also led to the euro exchange rate falling significantly, I said that we will increase German export surplus,” Schaueble told reporters.

“If the surplus in the euro zone as a whole rises by a total of 3.6 percent, one should not be surprised that the German export surplus has also risen, if not by 3.6 percent but by 2 percent,” he said before meeting other European finance ministers.

When asked whether he had any plans to decrease Germany’s export surplus, Schaeuble said: “I haven’t heard that the ECB is changing its monetary policy.”

The Munich-based Ifo economic institute has said Germany’s current account surplus would probably hit a new record of 278 billion euros ($313.28 billion) this year, overtaking that of China again to become the world’s largest.

Resounding No

I take that as a resounding “no” to Draghi’s proposal that Germany should reduce its export surplus.

Target2

No discussion of eurozone problems would be complete without a discussion of Target2, an abomination created by the eurozone founders and one of the fundamental flaws of the euro.

…click on the above link to read the rest of the article…

A Look Inside Europe’s Next Crisis: Why Everyone Is Finally Panicking About Italian Banks

A Look Inside Europe’s Next Crisis: Why Everyone Is Finally Panicking About Italian Banks

Back in May 2013, we wrote an article titled “Europe’s EUR 500 Billion Ticking NPL Time Bomb” in which we laid out very simply what the biggest danger facing European banks was: non-performing, or bad, loans.

We further said, that “Europe’s non-performing loan problem is such an issue that there is increasing bluster that the ECB may take this garbage on to its balance sheet since policymakers realize that bad debts and non-performing loans (NPLs) reduce the capacity of banks to lend, hindering the monetary policy transmission mechanism. Bad debts consume capital and make banks more risk averse, especially with respect to lending to higher risk borrowers such as SMEs. With Italy (NPLs 13.4%) now following the same dismal trajectory of Spain’s bad debts, the situation is rapidly escalating (at an average of around 2.5% increase per year).

The conclusion was likewise simple:

The bottom line is that at its core, it is all simply a bad-debt problem, and the more the bad debt, the greater the ultimate liability impairments become, including deposits. As we answered at the time – the real question in Europe is: how much impairment capacity is there in the various European nations before deposits have to be haircut? With Periphery non-performing loans totaling EUR 720bn across the whole of the Euro area in 2012 and EUR 500bn of which were with Peripheral banks.”

Now, three years later, the bomb appears to be on the verge of going off (or may have already quietly exploded), and nowhere is it more clear than in an exhaustive article written by the WSJ in which it focuses on Italy’s insolvent banking system, and blames – what else – the hundreds of billions in NPLs on bank books as the culprit behind Europe’s latest upcoming crisis.

…click on the above link to read the rest of the article…

Is Europe In Trouble Again: Hints Of Portuguese, Italian Bank Bailouts Suggest Not All Is Well

Is Europe In Trouble Again: Hints Of Portuguese, Italian Bank Bailouts Suggest Not All Is Well

In the aftermath of Germany refusal to allow Italy to breach Eurozone regulations, and provide its banks with up to €40 billion in new capital, Italy has unveiled a new track to handle its insolvent banks and as Reuters reports, the Italian government may have to inject capital directly into weaker banks to bolster their financial strength, a government source said on Thursday, adding it was waiting for the results of stress tests being conducted by European banking authorities. The results of the tests are expected to be published at the beginning of the third quarter.

The source told Reuters the government was also working on a plan to increase the firepower of bank bailout funds Atlante, which was set up in April to help lenders raise cash and sell bad loans, by 3-5 billion euros ($3.34-5.57 billion) by the summer. The source said the government was in talks with private pension funds to seek additional contributions for Atlante.

Other contributions were expected to come from the state lender Cassa Depositi e Prestiti and from a public company called Societa per la Gestione di Attivita.

And then, in a surprising follow up, the EU appears to have once again backtracked when Reuters headlines emerged suggesting that Europe would provide up to €150 billion for Italian banks”

  • LIQUIDITY SUPPORT FOR ITALIAN BANKS INCLUDES GOVERNMENT GUARANTEES OF UP TO EUR150 BILLION –EU OFFICIAL
  • BANK LIQUIDITY SUPPORT WAS REQUESTED BY ITALY FOR PRECAUTIONARY REASONS –COMMISSION SPOKESWOMAN

But…

  • LIQUIDITY SUPPORT APPLIES ONLY TO SOLVENT ITALIAN BANKS –COMMISSION SPOKESWOMAN

Which, technically is none of them, but practically any bank can – after the sufficient non-GAAP adjustments – pass for solvent.

…click on the above link to read the rest of the article…

The Stock Market Crash Of 2016: Stocks Have Already Crashed In 6 Of The World’s 8 Largest Economies

The Stock Market Crash Of 2016: Stocks Have Already Crashed In 6 Of The World’s 8 Largest Economies

Network Earth Continents - Public DomainOver the past 12 months, stock market investors around the planet have lost trillions of dollars.  Since this time last June, stocks have crashed in 6 of the world’s 8 largest economies, and stocks in the other two are down as well.  The charts that you are about to see are absolutely stunning, and they are clear evidence that a new global financial crisis has already begun.  Of course it is true that we are still in the early chapters of this new crisis and that there is much, much more damage to be done, but let us not minimize the carnage that we have already witnessed.

In general, there have been three major waves of financial panic over the past 12 months.  Late last August we saw the biggest financial shaking since the financial crisis of 2008, then in January and February there was an even bigger shaking, and now a third “wave” has begun in June.  Not all areas around the globe have been affected equally by each wave, but without a doubt this new financial crisis is a global phenomenon.

The charts that I am about to show you come from Trading Economics.  It is an absolutely indispensable website that is packed full of useful data, and I encourage everyone to check it out.

Let’s talk about China first.  The Chinese economy is the second largest on the entire planet, and since this time last year Chinese stocks are down an astounding 40 percent

Chinese Stocks

As things have started to unravel in China, the Chinese have been selling off U.S. debt and U.S. stocks like crazy.  The following comes from Bloomberg

…click on the above link to read the rest of the article…

Olduvai II: Exodus
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Olduvai
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Olduvai II: Exodus
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Olduvai III: Cataclysm
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