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Reports warn of disabling attacks to U.S. power grid that could wipe out “democracy” and the “world order”
Reports warn of disabling attacks to U.S. power grid that could wipe out “democracy” and the “world order” (Natural News) A pair of reports released in the past month from two separate federal entities both warn of dire, devastating consequences from the destruction or disabling of a substantial portion of the U.S. power grid. In […]
The “Meltdown” Story: How A Researcher Discovered The “Worst” Flaw In Intel History
The “Meltdown” Story: How A Researcher Discovered The “Worst” Flaw In Intel History Daniel Gruss didn’t sleep much the night he hacked his own computer and exposed a flaw in most of the chips made in the past two decades by hardware giant Intel, something we discussed in “Why The Implications Of The Intel “Bug” […]
In Fukushima, A Bitter Legacy Of Radiation, Trauma and Fear
In Fukushima, A Bitter Legacy Of Radiation, Trauma and Fear Five years after the nuclear power plant meltdown, a journey through the Fukushima evacuation zone reveals some high levels of radiation and an overriding sense of fear. For many, the psychological damage is far more profound than the health effects. Christopher Furlong/Getty Images A radiation monitoring […]
A Look Inside Europe’s Next Crisis: Why Everyone Is Finally Panicking About Italian Banks
A Look Inside Europe’s Next Crisis: Why Everyone Is Finally Panicking About Italian Banks Back in May 2013, we wrote an article titled “Europe’s EUR 500 Billion Ticking NPL Time Bomb” in which we laid out very simply what the biggest danger facing European banks was: non-performing, or bad, loans. We further said, that “Europe’s non-performing […]
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 […]
The Next Fukushima? Active Fault Line Discovered Directly Below Japanese Nuclear Power Plant
The Next Fukushima? Active Fault Line Discovered Directly Below Japanese Nuclear Power Plant Five years after the Fukushima disaster, things are getting worse. As we reported last week, “the fuel rods melted through their containment vessels in the reactors, and no one knows exactly where they are now. Tepco has been developing robots, which can […]
Fukushima Five Years Later: “The Fuel Rods Melted Through Containment And Nobody Knows Where They Are Now”
Fukushima Five Years Later: “The Fuel Rods Melted Through Containment And Nobody Knows Where They Are Now” Today, Japan marks the fifth anniversary of the tragic and catastrophic meltdown of the Fukushima nuclear plant. On March 11, 2011, a massive earthquake and tsunami hit the northeast coast of Japan, killing 20,000 people. Another 160,000 then […]
China Goes Full “Minority Report”, Creates “Pre-Crime” Program
China Goes Full “Minority Report”, Creates “Pre-Crime” Program By now, the world is largely familiar with Chinese President Xi Jinping’s fabled “Tigers and Flies” campaign. Since taking office in 2013, Xi has embarked on an ambitious effort to root out party corruption and ensure that the directives passed down from on high in the Politburo […]
The Market Has Lost Faith In Our Board, Bank Of International Settlements Laments
The Market Has Lost Faith In Our Board, Bank Of International Settlements Laments The BIS’ Claudio Borio was vindicated in January – and it was a long time coming. When last we checked in with Claudio, it was December and the bank’s Head of the Monetary and Economic Department was busy explaining what may befall […]
Satyajit Das: This Is Why You Can Expect Another Global Stock Market Meltdown
Satyajit Das: This Is Why You Can Expect Another Global Stock Market Meltdown Authored by Satyajit Das’, author of the new book “The Age Of Stagnation” (via MarketWatch), The mispricing of assets across world markets has reached epidemic proportions. Stock prices have made strong advances over the past several years, yet market analysts see further gains, arguing that […]
This Is The NIRP “Doom Loop” That Threatens To Wipeout Banks And The Global Economy
This Is The NIRP “Doom Loop” That Threatens To Wipeout Banks And The Global Economy Remember the vicious cycle that threatened the entire European banking sector in 2012? It went something like this: over indebted sovereigns depended on domestic banks to buy their debt, but when yields on that debt spiked, the banks took a […]
Why A Former Fed Official Fears A Global Meltdown
Why A Former Fed Official Fears A Global Meltdown Authored by Gerald O’Driscoll, former vice president at The Dallas Fed, posteed op-ed at The Wall Street Journal, Are we headed for another global financial crisis? The market convulsions of the past week reflected a continuation of a market selloff that began on the first trading day […]
China’s Hard Landing To Trigger Meltdown In India: “We Will See Another Crisis”
China’s Hard Landing To Trigger Meltdown In India: “We Will See Another Crisis” In late September, India “surprised” 51 out of 52 economists by cutting rates a larger than expected 50 bps. Despite RBI Governor Raghuram Rajan’s penchant for catching markets off guard and despite the fact that exports had fallen for eight consecutive months, […]
For Commodities, This Is The Next Great Depression
For Commodities, This Is The Next Great Depression While the “sell in 1973, and go away” plan had worked out for some in the commodity space, the destruction of the last decade has only one historical comparison… the middle of The Great Depression. The 10-year rolling annualized return for commodities is -5.1% – the lowest since 1938… During the same period […]
Saudi Devaluation Odds Highest In 20 Years, Kingdom Now More Likely To Default Than Portugal
Saudi Devaluation Odds Highest In 20 Years, Kingdom Now More Likely To Default Than Portugal On Monday, we brought you “Saudi Default, Devaluation Odds Spike As Mid-East Careens Into Chaos,” in which we outlined the jump in riyal forwards and widening of CDS spreads that Riyadh witnessed in the aftermath of the kingdom’s move to […]
