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“There exists a government within a government within the United States” -Osama bin Laden
“There exists a government within a government within the United States” -Osama bin Laden “I was not involved in the September 11 attacks in the United States nor did I have knowledge of the attacks. There exists a government within a government within the United States. The United States should try to trace the perpetrators […]
World Trade Barometer Suggests Global Economy Continues To Plunge As Trade War Takes Toll
World Trade Barometer Suggests Global Economy Continues To Plunge As Trade War Takes Toll The World Trade Organization (WTO) published a new report Monday that warns global merchandise trade in goods will plunge through this quarter amid no resolution to the trade war, along with the continuation of a worldwide synchronized slowdown that shows no signs of […]
US Publicly Backs Iran Protests As Khamenei Says Crackdown On “Thugs” Coming
US Publicly Backs Iran Protests As Khamenei Says Crackdown On “Thugs” Coming It took Washington all of two days to jump behind the large popular protests over gas price hikes which gripped cities across Iran since Friday. Over the weekend the US State Department predictably came out in favor of more protests, in a volatile situation in the […]
Iran Burning: Shock Gas Price Hike Triggers Violent Protests After Subsidy Cuts
Iran Burning: Shock Gas Price Hike Triggers Violent Protests After Subsidy Cuts With protests and unrest raging in multiple hot spots around the globe from Latin America to Hong Kong to Lebanon and Iraq, it could be Iran’s turn to join in. Amid a fresh price hike in gasoline — the latest in a string of woes to […]
Italy Declares State Of Emergency As Record Flooding In Venice Worsens
Italy Declares State Of Emergency As Record Flooding In Venice Worsens After “apocalyptic” flooding brought the city of Venice “to its knees” on Wednesday, Italy’s Prime Minister Giuseppe Conte declared a state emergency, giving Venice access to millions in disaster recovery money to help repair the damage from what appears to be the second-worst round of flooding […]
“Panic, Pure Panic” – Chilean Peso Collapses To 800/USD, Blowing Through Record Lows
“Panic, Pure Panic” – Chilean Peso Collapses To 800/USD, Blowing Through Record Lows The Chilean peso extended a four-day losing streak on Tuesday, sinking by the most in eight years, to a new record low at 800/USD. Bearish market sentiment, political chaos, and a national strike intended to ratchet up pressure on the government and its plans to […]
The Country Using The Most Electricity May Surprise You
The Country Using The Most Electricity May Surprise You In 2017, global electricity consumption increased 2.5 percent to reach 25,721 Twh. When it comes to consumption, China uses the most of any country at 25.9 percent, followed by the United States with 17.5 percent; but, as Statista’s Niall McCarthy notes, on a per capita basis, the situation is different. According […]
Hong Kong Police Warn City On Brink Of ‘Total Breakdown’
Hong Kong Police Warn City On Brink Of ‘Total Breakdown’ After nearly six months of protests in Hong Kong, the weekend demonstrations – which more closely resemble street skirmishes between black-clad protesters and the cops – have grown increasingly violent, people are being seriously wounded and even killed on both sides. And this week, protesters […]
DiMartino Booth: “Remember, This Is A Confidence Game”
DiMartino Booth: “Remember, This Is A Confidence Game” In the past two weeks, led by those in the Midwest, renters, part-timers and those making $50,000 or less, the Bloomberg Consumer Comfort Index has declined 4.3 points, its steepest decline since 2011; its Personal Finance Index sunk to a 10-month low despite peak stocks Since June, […]
China’s Credit Creation Unexpectedly Collapses At The Worst Possible Time
China’s Credit Creation Unexpectedly Collapses At The Worst Possible Time Over the weekend, we observed that China’s slumping wholesale inflation, or PPI, which is so critical for corporate profits and sparking benign, demand-driven inflation in the economy, and which in October tumbled to a three year low assuring that Chinese dumping and exports of deflation will only further […]
Iran Finds New Oil Field With Over 50 Billion Barrels: Rouhani
Iran Finds New Oil Field With Over 50 Billion Barrels: Rouhani Iranian President Hassan Rouhani has made an unusual announcement distinct from his normal emphasis on mere ‘defiance’ of US sanctions; instead, he is now boasting of the discovery of a new oil field with over 50 billion barrels of crude in the country’s south. “I am […]
Fed Warns Climate Change Is A Major Threat To The Economy
Fed Warns Climate Change Is A Major Threat To The Economy What is a good way for the Fed to deflect attention from the fact that after a decade of liquidity injections it has created the world’s largest asset bubble? Why point to another, even bigger – in its view – threat. And with green […]
Iran Reportedly Shoots Down “Foreign Drone” Over Southern Port City Of Mahshahr
Iran Reportedly Shoots Down “Foreign Drone” Over Southern Port City Of Mahshahr Moments ago, local Iranian news outlets confirmed the Armed Forces of the Islamic Republic of Iran have shot down a drone from a “foreign country.” IRANIAN OFFICIAL CONFIRMS DOWNING OF A DRONE BY ARMY, SAYS IT BELONGS TO A FOREIGN COUNTRY – YOUNG JOURNALISTS CLUB COMMANDER OF […]
Most Severe Internet Outage To Date Hits Iraq After Government Blocks Access
Most Severe Internet Outage To Date Hits Iraq After Government Blocks Access Iraqi anti-government demonstrators fear a major new crackdown is coming after much of the nation’s internet access has been cut, especially in the restive south. This also as Baghdad authorities fear outside ‘foreign interference’ after President Trump referenced the mass protests on Twitter. A […]
UK Gov’t Halts Fracking In England Ahead Of General Election
UK Gov’t Halts Fracking In England Ahead Of General Election The U.K. fracking industry has grounded to halt as the British government ended its support for the controversial practice of extracting oil out of the ground, reported Bloomberg. Prime Minister Boris Johnson’s government announced Saturday that all new hydraulic fracturing wells would be banned. The country’s […]
