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Venezuela Deploys Troops “To Protect National Power Grid” From US “Aggression”
Venezuela Deploys Troops “To Protect National Power Grid” From US “Aggression” update: Though some parts of Venezuela’s power grid have reportedly begun to come back online after the country was plunged into nation-wide darkness beginning Thursday evening, the mass blackout crisis continues, which Caracas has blamed on US-orchestrated saboteurs. To prevent further “sabotage” Venezuela’s Defense Ministry […]
Pence Urged Germany To Provoke Russian Navy
Pence Urged Germany To Provoke Russian Navy Bloomberg dropped a bombshell on Thursday, citing three high level sources familiar with US-German talks at last month’s Munich Security Conference who revealed US Vice President Mike Pence tried to persuade German Chancellor Angela Merkel to directly provoke Russia by sending German ships through the Kerch Strait, the two mile wide […]
If Central Banks Are the Only Game in Town, We’ve Lost
If Central Banks Are the Only Game in Town, We’ve Lost Relying on monetary policy to prop up asset prices and smooth out global volatility is a recipe for disaster. Just since December 2018, central banks have collectively injected as much as $500 billion of liquidity to stabilize economic conditions. The U.S. Federal Reserve has […]
IMF Discreetly Preps Massive Aid Package For “Day After” Maduro’s Fall
IMF Discreetly Preps Massive Aid Package For “Day After” Maduro’s Fall The International Monetary Fund is reportedly making plans for the “day after” embattled President Nicolas Maduro’s fall, according to Bloomberg. Though there’s been little momentum in military defections following US-backed opposition leader Juan Guaido’s offer of amnesty to any army officer that switches loyalties, Washington sanctions have […]
How An Italian Debt Crisis Could Take Down The EU
How An Italian Debt Crisis Could Take Down The EU Plagued by another run of bank bailouts and simmering tensions between the partners in its ruling coalition, Italy’s brief reprieve following the detente between its populist rulers and angry bureaucrats in Brussels is already beginning to fade. As Bloomberg reminded us on Monday, Italy’s $1.7 trillion pile of […]
New Jersey Nuclear Reactor Shut Down By Polar Vortex
New Jersey Nuclear Reactor Shut Down By Polar Vortex After the Arctic polar vortex brought temperatures in parts of Canada to record lows that, in some places, rivaled the temperatures on the surface of Mars (not to mention leaving nine people dead), the infamous Arctic air has notched another milestone: It has shut down a nuclear reactor […]
Bank Of England Refuses To Release Venezuela’s Gold After US Lobbying
Bank Of England Refuses To Release Venezuela’s Gold After US Lobbying With Maduro desperately clinging to power in Venezuela – albeit protected by Russian “security contractors” – The Bank of England just ‘virtue-signaled’ another jab in the socialist utopia’s back by confirming its refusal to hand over Venezuela’s gold from its vaults. Bloomberg reports that Maduro’s embattled […]
“It Feels Apocalyptic” – A Letter From Zimbabwe, Where The Country Remains In Total Shutdown
“It Feels Apocalyptic” – A Letter From Zimbabwe, Where The Country Remains In Total Shutdown Zimbabwe is once again at the brink of economic collapse, making a mockery of President Emmerson Mnangagwa’s claim that the country is open for business. As Bloomberg reports, many shops and factories have shut their doors because of a lack of […]
‘Modern Monetary Theory’ Is a Joke That’s Not Funny
‘Modern Monetary Theory’ Is a Joke That’s Not Funny Yes, a government that issues its own currency can pay its bills. But piling up debt for no urgent reason is lunacy. There’s a theory behind it. Photographer: Eva Hambach/AFP/Getty Images If you follow the debates over U.S. economic policy, you had probably heard of […]
Don’t Be So Sure Hyperinflation Can’t Hit the U.S.
Don’t Be So Sure Hyperinflation Can’t Hit the U.S. Some progressives back piling on even more debt to pay for social programs. That could be risky. Marking time. Photographer: Ramin Talaie/Getty Images North America Discussions of big government spending programs often revolve around the question of how to pay for them. For example, Representative Alexandria […]
We’re Reaching the Beginning of the End of the Pension Fund Crisis
We’re Reaching the Beginning of the End of the Pension Fund Crisis Photo by Bank of England | CC BY | Photoshopped from original The pension crisis has been escalating for quite some time, and accounting for pension shortfalls seems next to impossible for state governments. The shortfall between pension assets and liabilities is a major […]
Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World
Protests Erupt As Zimbabwe Now Has The Most Expensive Gasoline In The World Zimbabwe is once again at the brink of economic collapse, making a mockery of President Emmerson Mnangagwa’s claim that the country is open for business. As Bloomberg reports, many shops and factories have shut their doors because of a lack of customers […]
ECB Takes “Unprecedented” Step Of Putting Italy’s Banca Carige In Administration
ECB Takes “Unprecedented” Step Of Putting Italy’s Banca Carige In Administration Investors who had hoped that the resolution of Italy’s budget showdown with the EU would mark an end to a volatile period for Italian bonds and stocks were disappointed Wednesday when fears about an Italian banking crisis reemerged after the ECB appointed a slate […]
El-Erian: 1000-Point Swings In The Dow Are The “New Reality”
El-Erian: 1000-Point Swings In The Dow Are The “New Reality” While even some of the most dogged bulls are throwing in the towel on their optimistic forecasts for the US (see Goldman taking the axe to its 2019 GDP forecast noted earlier), there are those who steadfastly believe that 2019 will be a solid year […]
Shale Growth Could Slow On Oil Price Meltdown
Shale Growth Could Slow On Oil Price Meltdown Can the U.S. shale boom continue if WTI stays mired below $50 per barrel? Much has been made about the dramatic cost reductions that shale drillers have implemented over the past few years, with impressive breakeven prices that should ensure the drilling frenzy continues no matter where […]
