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Trump On Path for War With Iran in the “National Interest”
Trump On Path for War With Iran in the “National Interest” Trump’s Iran policy not only has US allies hopping mad, it also has us on a path towards another major Mideast war. “We will seek to provide unprecedented financial pressure on the Iranian regime,” the U.S. said, rebuffing Britain, France, and Germany which requested […]
Hyperinflation Avoidance Advice for Turkish Citizens as Fitch Cuts Ratings
Hyperinflation Avoidance Advice for Turkish Citizens as Fitch Cuts Ratings Turkey is on a path towards hyperinflation. Here are the steps Turkish citizens should make ASAP. Citing stability risks, Fitch Cuts Turkey’s Credit Rating to BB, further into junk territory. Risks to macroeconomic stability have intensified owing to the widening in the current account deficit, […]
Eurointelligence Displays Stunning Ignorance Regarding Target2
Eurointelligence Displays Stunning Ignorance Regarding Target2 On two recent days, Eurointellence made stunningly bad comments about the escalating capital flight from Italy. The latest Target2 Chart from the ECB is from May. Newer totals are available in some individual countries. Debtors, primarily Italy and Spain, now owe Germany close to €1 trillion. Realistically, this money […]
Congressman Alex Mooney’s Bill Defines the Dollar as a Unit of Gold
Congressman Alex Mooney’s Bill Defines the Dollar as a Unit of Gold This story came out in March, but I just now caught it. I salute Mooney for wording the legislation correctly. Please consider House Bill HR5404 Defines New Dollar Gold Standard. HR 5404 A bill to define the dollar as a fixed weight of […]
Housing Bubble and Everything Bubble in One Simple Picture
Housing Bubble and Everything Bubble in One Simple Picture To understand the magnitude of the housing bubbles simply compare the index of wages to the index of prices. How Did We Get Here? That’s easy. Average Wages vs CPI Note the correct CPU comparison for this chart is CPI-W not CPI-U, not that […]
King Trump Shouts at the Ocean: Stop the Waves
King Trump Shouts at the Ocean: Stop the Waves Trump believes all he has to do to make things happen is to issue an ultimatum. One Tweet will explain. ✔ The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as […]
Trump Firmly In the Twilight Zone: Threatens Nord Stream 2 With Sanctions
Trump Firmly In the Twilight Zone: Threatens Nord Stream 2 With Sanctions Trump’s vise on the EU started with steel, progressed to cars, then to Iran, and now to a gas pipeline vital to the EU. The story of the day, not discussed in mainstream media, involves Nord Stream 2, a gas pipeline between Russia […]
Donald of Arabia, Oil Sanction Idiocy: Another Oil Shock Coming
Donald of Arabia, Oil Sanction Idiocy: Another Oil Shock Coming I did not believe Trump would be so foolish as to force the entire world to accept Iranian sanctions. I was wrong. Here’s my general policy: When you are wrong, it’s best to admit it or someone will admit it for you, in a worse […]
Economic War on Iran: Trump Sets Sanction Policy for Entire World
Economic War on Iran: Trump Sets Sanction Policy for Entire World Trump will grant no waivers on purchases of Iranian oil. Effectively, this is an economic declaration of war on Iran. Starting November 4, Trump threatens sanctions on any nation or company that trades with Iran. Effectively, Trump sets sanction policy for the whole world, […]
Greece Economic Crisis Declared Over: It Isn’t
Greece Economic Crisis Declared Over: It Isn’t Mainstream media is all aglow over the alleged end of the Greek economic crisis. Mainstream media is wrong. RTE says Greece Crisis Declared ‘Over’ as Eurozone Agrees on Debt Relief The BBC says Greece Hails ‘Historic’ Debt Relief Deal The Financial Times says EU Commissioner Calls End to […]
Trade End Game Scenarios: Boycott Treasuries vs Yuan Devaluation
Trade End Game Scenarios: Boycott Treasuries vs Yuan Devaluation Since there is no longer any reasonable debate about a trade war having started, let’s investigate how it ends. End Game Analysis The end-game retaliation comes via a global boycott of the Treasury auctions. Foreign entities fund half the US fiscal deficit, which is set to […]
India Joins the Tariff War: The Party is Just Starting!
India Joins the Tariff War: The Party is Just Starting! In response to Trump’s tariffs on steel, India will put tariffs on Harley motorcycles, lentils, and almonds. Following the well-established belief that “trade wars are easy to win”, India counters Trump tariffs, to hike duty on US bikes, almonds, apples. India has proposed to raise […]
NY Fed President Dudley Complains Unemployment is Too Low, Rate Hikes Needed
NY Fed President Dudley Complains Unemployment is Too Low, Rate Hikes Needed NY Fed President William Dudley is worried about the low unemployment rate. He thinks the Fed needs to be above neutral. New York Fed President William Dudley will retire Monday. Current San Francisco Fed chief John Williams will take over. He departs with […]
Free Money Calculation: Fed Will Give $36.93 Billion of Taxpayer Money to Banks
Free Money Calculation: Fed Will Give $36.93 Billion of Taxpayer Money to Banks The Fed upped the interest it pays on excess reserves to 1.95% today. This is free money (taxpayer funded) to banks. The Fed bumped up the interest it pays on excess reserves today to 1.95%. Currently, excess reserves sit at $1.894 trillion. […]
Brazil Steps Up Intervention to Support the Real: Reflections on Currency Wars
Brazil Steps Up Intervention to Support the Real: Reflections on Currency Wars Winning currency wars is easy. As with trade wars, one may not care for the end result. Bloomberg reports Brazil Steps Up Intervention as the Real Crashes Toward Two-Year Low. Brazil’s central bank bolstered efforts to shore up the currency after it tumbled […]
