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200+ detained, tear gas & scuffles at banned Global March for Climate in Paris (VIDEO)

200+ detained, tear gas & scuffles at banned Global March for Climate in Paris (VIDEO) © / Ruptly Crowds gathered in the French capital on Sunday to attend a global march for the climate, despite the ban on gatherings enforced by French authorities. When one of the groups charged a police cordon, tear gas was […]

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France Arrests 24 Climate Activists Using New “State Of Emergency” Laws, As Clashes Break Out In Paris – Live Feed

France Arrests 24 Climate Activists Using New “State Of Emergency” Laws, As Clashes Break Out In Paris – Live Feed As Intellihub’s Shepard Ambellas writes, one-hundred and fifty heads of government, a.k.a. the elite, are gathering over the course of the next few weeks for a massive climate summit that’s anticipated to attract and indoctrinate over 40,000 […]

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Europe’s Banks Are Still Drowning in Bad Loans

Europe’s Banks Are Still Drowning in Bad Loans  A “Major Concern” The European Banking Authority EBA, which (we guess) is fighting for its survival after the ECB has become the sole supervisor of Europe’s “systemically relevant” banks, has recently issued a comprehensive report on the European banking system (this included the unintended revelation that its […]

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Sweden Warns Of Dire “Consequences” From Massive Housing Bubble, Heavily Indebted Households

Sweden Warns Of Dire “Consequences” From Massive Housing Bubble, Heavily Indebted Households Late last month, Sweden tripled down on QE, as the Riksbank announced it would expand its asset purchases by SEK65 billion. Or, visually: The recent history of Swedish monetary policy is viewed by some as a cautionary tale about what can happen when a […]

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“There Are No More Dollars In The Central Bank”: Argentina’s New President Confronts Liquidity Crisis

“There Are No More Dollars In The Central Bank”: Argentina’s New President Confronts Liquidity Crisis On Monday, Mauricio Macri, the son of Italian-born construction tycoon Francesco Macri, beat out Cristina Kirchner’s handpicked successor Daniel Scioli for Argentina’s presidency in what amounted to a referendum on 12 years of Peronist rule. A legacy of defaults combined with exceptionally […]

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Did Mario Draghi Just Leak The Bazooka? Two-Tiered NIRP System May Presage Big Rate Cut

Did Mario Draghi Just Leak The Bazooka? Two-Tiered NIRP System May Presage Big Rate Cut Back in September (and on several subsequent occasions), we discussed the implications of a further cut to the ECB’s depo rate. A plunge further into NIRP-dom would have serious consequences for the Riksbank, the SNB, the Nationalbank, and the Norges Bank. In […]

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“It Looks Like A Warzone” – Army, APCs, Roadblocks Deployed In Brussels After Explosives, Chemical Weapons Found

“It Looks Like A Warzone” – Army, APCs, Roadblocks Deployed In Brussels After Explosives, Chemical Weapons Found  In the aftermath of last night’s warning of an “imminent” terror threat in Brussels when OCAM Crisis Center and the government raised the country’s terror alert to the highest level, today the escalation continues and the Belgian capital looks like […]

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The European Union Is Disintegrating: Austria Builds New Fence; Germany, Sweden Resume Border Checks

The European Union Is Disintegrating: Austria Builds New Fence; Germany, Sweden Resume Border Checks It was just two days ago when we reported that Slovenia had begun to construct its own version of Viktor Orban’s now infamous razor wire, anti-migrant fences. As The New York times noted, more than 170,000 refugees from the war-torn Mid-East have crossed […]

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Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves

Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves In late October, when describing Venezuela’s desperate steps to keep itself afloat for a few more months, we reported that in order to fund $3.5 billion bond payments in early November, Maduro’s government had engaged in something that is the very […]

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Global Trade In Freefall: China Container Freight At Record Low; Rail Traffic Tumbles, Trucking Slows Down

Global Trade In Freefall: China Container Freight At Record Low; Rail Traffic Tumbles, Trucking Slows Down Over the past year we have regularly contended that a far greater threat to the global economy than either corporate earnings, currency devaluations, rate cuts (or hikes), reserve outflow, or even the stock market, is the sudden, global trade […]

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Greek Bad Debt Rises Above 50% For The First Time, ECB Admits

Greek Bad Debt Rises Above 50% For The First Time, ECB Admits It was almost exactly one year ago, on October 26, 2014, when the ECB concluded its latest European Stress Test. As had been pre-leaked, some 25 banks failed it, although the central bank promptly added that just €9.5 billion in net capital shortfall had […]

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China warns US against ‘minor’ incidents that could ‘spark war’

China warns US against ‘minor’ incidents that could ‘spark war’ © U.S. Navy / Reuters China has issued its strongest warning yet to the US over an incident during which a US destroyer sailed within territorial waters of China’s man-made islands in the South China Sea, claiming that US faces running the risk of “a […]

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US Ground Troops In Syria Is “Illegal, Big Mistake”, Russia Warns Obama Of “Unpredictable Consequences”

US Ground Troops In Syria Is “Illegal, Big Mistake”, Russia Warns Obama Of “Unpredictable Consequences” On Tuesday, Defense Secretary Ash Carter told the Senate Armed Services Committee that the US would no longer hesitate to engage in “direct action on the ground” in Iraq and Syria.  The change in rhetoric (and apparent shift in strategy) comes just days after […]

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Treasury Warns Of “Humanitarian Crisis” In Puerto Rico If Congress Does Not Agree To Bailout

Treasury Warns Of “Humanitarian Crisis” In Puerto Rico If Congress Does Not Agree To Bailout “Puerto Rico is not Greece“… but it increasingly looks like it will be in a few weeks, thanks to US taxpayers who are about to foot the bill for yet another creditor bailout. As we reported last night, creditors of the […]

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Saudis Poke The Russian Bear, Start Oil War In Eastern Europe

Saudis Poke The Russian Bear, Start Oil War In Eastern Europe Any weakening of Russian support for Mr. Assad could be one of the first signs that the recent tumult in the oil market is having an impact on global statecraft. Saudi officials have said publicly that the price of oil reflects only global supply […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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