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Without Recovery There Is Every Need To Examine The Worst Case
Without Recovery There Is Every Need To Examine The Worst Case There is a great deal that is wrong with mainstream economic commentary, starting with its unwavering devotion to orthodox economics and unshakable faith in their “stimulus.” No matter how little is actually stimulated there is never any doubt that the media will simultaneously forget […]
“China Is Hoarding Crude At The Fastest Pace On Record”
“China Is Hoarding Crude At The Fastest Pace On Record” In the aftermath of China’s gargantuan, record new loan injection in Q1, which saw a whopping $1 trillion in new bank and shadow loans created in the first three months of the year, many were wondering where much of this newly created cash was ending up. We […]
Washington’s Dog-Whistle Diplomacy Supports Attempted Coup in Brazil
Washington’s Dog-Whistle Diplomacy Supports Attempted Coup in Brazil The day after the impeachment vote in the lower house of Brazil’s congress, one of the leaders of the effort, Senator Aloysio Nunes, traveled to Washington, D.C. He had scheduled meetings with a number of U.S. officials, including Thomas Shannon at the State Department. Shannon has a relatively low profile in […]
“China Is Hoarding Crude At The Fastest Pace On Record”
“China Is Hoarding Crude At The Fastest Pace On Record” We now know where most of it went: soaring imports of crude oil. We know this because as the chart below shows, Chinese crude imports via Qingdao port in Shandong province surged to record 9.86 million metric tons last month based on data from General Administration of Customs. As […]
World War III Has Begun
World War III Has Begun The Third World War is currently being fought. How long before it moves into its hot stage? Washington is currently conducting economic and propaganda warfare against four members of the five bloc group of countries known as BRICS—Brazil, Russia, India, China, and South Africa. Brazil and South Africa are being […]
Washington Launches Its Attack Against BRICS
Washington Launches Its Attack Against BRICS Having removed the reformist President of Argentina, Cristina Fernandez de Kirchner, Washington is now disposing of the reformist President of Brazil, Dilma Rousseff. Washington used a federal judge to order Argentina to sacrifice its debt restructuring program in order to pay US vulture funds the full value of defaulted […]
Behind Brazil’s ‘Regime Change’
Behind Brazil’s ‘Regime Change’ Government “corruption” – trumpeted by international media and exploited by U.S.-funded NGOs – is a favorite weapon for discrediting and removing populist leaders, as is now occurring in Brazil, explains Dan Steinbock. While international media focuses on Brazil’s mass demonstrations against corruption, efforts behind the façade precipitate regime change, restoration of a pre-Lula order, and […]
“Unprecedented Leak” Exposes The Criminal Financial Dealings Of Some Of The World’s Wealthiest People
“Unprecedented Leak” Exposes The Criminal Financial Dealings Of Some Of The World’s Wealthiest People An unprecedented leak of more than 11 million documents, called the “Panama Papers“, has revealed the hidden financial dealings of some of the world’s wealthiest people, as well as 12 current and former world leaders and 128 more politicians and public […]
Olympics In Doubt As Brazil Sports Minister Quits, Rio Governor Says “This Is The Worst Situation I’ve Ever Seen”
Olympics In Doubt As Brazil Sports Minister Quits, Rio Governor Says “This Is The Worst Situation I’ve Ever Seen” In less than five months, Brazil is expected to host the Summer Olympics. If you follow LatAm politics, you know that that is an absolute joke. Last summer, the country descended into political turmoil and the […]
Brazil Posts Largest Budget Deficit Ever As Rousseff Cries “Coup,” Olympic Ad Sales Top $1 Billion
Brazil Posts Largest Budget Deficit Ever As Rousseff Cries “Coup,” Olympic Ad Sales Top $1 Billion On Tuesday, embattled Brazilian President Dilma Rousseff was dealt a bitter blow when PMDB – the party of VP Michel Temer and House Speaker Eduardo Cunha – officially left the coalition government. “Dialogue, I regret to say, has been exhausted,” Tourism […]
Presenting The Complete Global Currency Swirlogram
Presenting The Complete Global Currency Swirlogram In case you missed it, DM central banks are locked in a truly epic FX deathmatch. Sluggish growth and trade and the attendant global deflationary supply glut have left the world stuck in a nauseating, perpetual hangover from the financial crisis. Subpar inflation and disappointing growth have become the […]
Record Loss For Petrobras As Political And Economic Crisis Worsen
Record Loss For Petrobras As Political And Economic Crisis Worsen Petrobras reported a record loss for the fourth quarter, a horrendous performance that raises questions about the company’s ability to handle its mountain of debt. The state-owned Brazilian oil company announced that it lost more than 36 billion reais in the fourth quarter, or more than USD$10 […]
Brazil Is Engulfed by Ruling Class Corruption — and a Dangerous Subversion of Democracy
Brazil Is Engulfed by Ruling Class Corruption — and a Dangerous Subversion of Democracy THE MULTIPLE, REMARKABLE crises consuming Brazil are now garnering substantial Western media attention. That’s understandable given that Brazil is the world’s fifth most populous country and eighth-largest economy; its second-largest city, Rio de Janeiro, is the host of this year’s Summer Olympics. But much of this Western media coverage mimics […]
“It’s All F**ked”: Brazil Descends Into Chaos As Rousseff, Lula Wiretaps Trigger Mass Protests
“It’s All F**ked”: Brazil Descends Into Chaos As Rousseff, Lula Wiretaps Trigger Mass Protests Just yesterday, we said the following about Brazil: It seems as though this country can’t get through a single day without some piece of political news or economic data creating confusion and turmoil. We said that on the way to noting that central […]
Hundreds Of Thousands Stage Massive Street Protests In Brazil, In Loud Call For Rousseff’s Ouster
Hundreds Of Thousands Stage Massive Street Protests In Brazil, In Loud Call For Rousseff’s Ouster Back in August, we said that while there are all kinds of charts one could look at on the way to judging just how bad things have truly gotten in Brazil, the most important graphic of all may indeed be this one, […]
