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Daniel Ellsberg: U.S. Military Planned First Strike On Every City In Russia and China … and Gave Many Low-Level Field Commanders the Power to Push the Button

Daniel Ellsberg: U.S. Military Planned First Strike On Every City In Russia and China … and Gave Many Low-Level Field Commanders the Power to Push the Button Daniel Ellsberg – America’s most famous whistleblower, the former military analyst who leaked the Pentagon Papers which helped end the Vietnam war – has just published a book […]

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These 8 Places Around the World Are Actively Preparing for Nuclear War

These 8 Places Around the World Are Actively Preparing for Nuclear War If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting! Everywhere, it seems like officials are actively preparing for the possibility of nuclear war. Tensions are high in practically every corner of the world but somehow, despite […]

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China Systemic Risk: HNA Group Denies Liquidity Problem, It’s Only “End-Of-The-Year Tightness”

China Systemic Risk: HNA Group Denies Liquidity Problem, It’s Only “End-Of-The-Year Tightness” Every few days at the moment, it seems, we return to the subject of systemic risk in China related to its big four highly-indebted conglomerates, HNA, Anbang, Evergrande and Dalian Wanda. Our main source of concern recently has been HNA, after it issued […]

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IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks’ Capital

IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks’ Capital The IMF released a new analysis on the instability stability of the Chinese financial system. Speaking to the media in an online briefing, some of the insights from Ratna Sahay, deputy director of the IMF’s Monetary and Capital Markets Department, hardly advanced our […]

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North Korea: US Threats Have Made Outbreak Of War ‘An Established Fact’

North Korea: US Threats Have Made Outbreak Of War ‘An Established Fact’ North Korea is warning the United States that their “threats” in the form of joint military drills with South Korea are making the outbreak of war “an established fact.” Kim Jong-Un’s regime is now saying that war is unavoidable. China continues to urge […]

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How “Ghost Collateral” And “Yin-Yang” Property Deals Will Collapse China’s Credit Bubble

How “Ghost Collateral” And “Yin-Yang” Property Deals Will Collapse China’s Credit Bubble One lesson from the 2007-08 crisis was that the vast majority of financial market participants, never mind the general public, were unfamiliar with subprime mortgages until the crisis was underway. Even now, we doubt many have much understanding of repo, the divergence between […]

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Russia, China and BRICS: A New Gold Trading Network

Russia, China and BRICS: A New Gold Trading Network One of the most notable events in Russia’s precious metals market calendar is the annual “Russian Bullion Market” conference. Formerly known as the Russian Bullion Awards, this conference, now in its 10th year, took place this year on Friday 24 November in Moscow. Among the speakers […]

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Weekly Commentary: China Initiating a Global Bear Market?

Weekly Commentary: China Initiating a Global Bear Market? Chair Yellen is widely lauded for her accomplishments at the Federal Reserve. For the most part, her four-year term at the helm of the Fed boils down to four (likely soon to be five) little rate hikes over 24 months. Most lavishing praise upon Janet Yellen believe […]

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“It Could Reshape The Global Trading System For Decades” – US Rejects China’s Bid “Market Economy” Status

“It Could Reshape The Global Trading System For Decades” – US Rejects China’s Bid “Market Economy” Status The US has filed a legal submission to the WTO as a third party, intervening in a case that China has brought against the European Union. The US rejects China’s argument that under the 2001 agreement, which confirmed […]

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China’s Corporate Debt Unexpectedly Rises At Fastest Pace In Four Years, As A New Risk Emerges

China’s Corporate Debt Unexpectedly Rises At Fastest Pace In Four Years, As A New Risk Emerges Have you heard the one about the priest, the rabbi and China’s deleveraging? We forget how it goes, but it’s pretty damn funny, especially the last part after a Reuters report that following China’s repeated vows by Beijing it […]

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China’s “Hualong 1” passes the first stage of the UK GDA process

China’s “Hualong 1” passes the first stage of the UK GDA process With little fanfare last week, the Chinese designed HPR1000 (previously Hualong-1), pressurised water reactor, cleared the first of four stages in the General Design Assessment (GDA) administered by the UK Office of Nuclear Regulation (ONR). China General Nuclear (CGN) proposes to build 2 […]

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China Deleveraging Hits Corporate Bonds As Cascade Effect Begins

China Deleveraging Hits Corporate Bonds As Cascade Effect Begins Following the market lockdown during October’s Party Congress, many commentators were disturbed by the continued rise in Chinese government bond yields as we returned to “business as usual”, with the 10-year rising to 4%. At the beginning of this month, we discussed the sell-off (see “China: […]

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Whose Private-Sector Debt Will Implode Next: US, Canada, China, Eurozone, Japan?

Whose Private-Sector Debt Will Implode Next: US, Canada, China, Eurozone, Japan? Canadians, fasten your seat-belt. Here are the charts. The Financial Crisis in the US was a consequence of too much debt and too much risk, among numerous other factors, and the whole house of cards came down. Now, after eight years of experimental monetary […]

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Pictorial: American Animosity Ambling Amuck

Pictorial: American Animosity Ambling Amuck This Russia Collusion thing has been going on for one year now. I’m not interested in debating whether or not Trump colluded. I am interested in examining the massive hypocrisy emanating from our government, and on display daily in living color from MSM  whores, prostitutes, traitors, teleprompter readers. Who among […]

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Corruption In China Risks A Soviet-Style Collapse – Party’s Graft Buster

Corruption In China Risks A Soviet-Style Collapse – Party’s Graft Buster Yang Xiadou is the Party’s number two man in Xi Jinping’s crackdown on corruption in the Chinese Communist Party – although some have seen this, in part, as a convenient way for Xi to bolster his power base. During the 19th Party Congress last […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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