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After Trump War Only One Party Will Be Standing – Kevin Shipp

After Trump War Only One Party Will Be Standing – Kevin Shipp

Former CIA Officer and whistleblower Kevin Shipp says the political war over removing President Trump from office is heating up, and when it’s over, things will never be the same. Shipp explains, “We are already seeing a brewing civil war in the civilian population in the United States. There is a war in Washington D.C. between (Congressman) Schiff and the others that are trying to eliminate the people’s choice for President by American voters. That’s what is going on. . . . You can see the violence on the streets, and it’s getting worse and worse against Trump supporters. This is going to escalate almost monthly, in my view, as we see more violence and more splits in Washington D.C. It is so seminal all the way down to the corruption we are talking about, there has got to be only one party left standing. That is either the Trump Administration or the DNC and some of the globalists that want Trump out of there. Obviously, if the progressive Marxists win, they will want to change our Constitution. Only one of them is going to win and be left standing. That’s how deep, dark and powerful it is. How many senior level officials are involved?  Only one party is going to be left standing, and it’s going to get nastier and uglier by the month.”

Some say that there have been no arrests or prosecutions, and patriots are getting frustrated with what seems to be inaction. Shipp says there may be a good reason for the Trump Administration to go slowly in dismantling the Deep State globalists in the government that are trying to kick Trump out of office.

 …click on the above link to read the rest of the article…

A New Middle East Thanks to Putin

A New Middle East Thanks to Putin

Peace in the Middle East is coming at us fast and we’re going to have Russian President Vladimir Putin to thank for it. 

The howls of agony coming from U.S. and European foreign policy centers are deafening.  Pat Buchanan lists them in his latest article which asks if Putin is now the new king of the Middle East.

“Donald Trump Has Handed Putin the Middle East on a Plate” was the title of a Telegraph column. “Putin Seizes on Trump’s Syria Retreat to Cement Middle East Role,” said the Financial Times.

The U.S. press parroted the British: Putin is now the new master of the Mideast. And woe is us. 

Remember that the epicenter of virulent anti-Russian, pro-Israeli sentiment doesn’t begin with the Neocons along K-Street. It begins with the remnants of the British imperial class which still holds tremendous sway over British politics.

Think I’m wrong about that. Just look at Brexit.

As I pointed out the minute Trump defended his initial pullout of 50 U.S. troops to allow Turkey to cross into northern Syria, Putin has the situation mostly under control by laying the groundwork to craft win/win/win/win possibilities for everyone in the region.

Buchanan remains skeptical of this, saying that if Putin is the new king of the Middle East, will the crown lie heavy on his head?

It’s a fair question but I think it betrays Pat’s biases as an old Cold Warrior. 

Pat makes a series of comparisons between Russia’s military presence in the region and the size of the economies backing them to make his point. I think, frankly, that’s outdated analysis.

It is based on the premise that Russia has imperial aspirations in the region, similar to that of the U.S. At his core, Buchanan is still a ‘great powers theory’ kind of guy. 

 …click on the above link to read the rest of the article…

The Warning Signs Are Flashing for U.S. Shale

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The Warning Signs Are Flashing for U.S. Shale

U.S. oil production growth has slammed on the breaks, as low prices and the loss of access to capital markets has forced a slowdown in drilling.

Third quarter earnings reports will soon start to trickle in. Three months ago, the shale industry saw improvement in some of the headline cash flow figures, but the second quarter results also revealed some deeper concerns about drilling operations and raised questions about the longevity of an unprofitable oil boom.

The problem for the shale industry is that, if anything, the outlook has only become gloomier since. Oil prices have languished and investors have grown more skeptical.

Ahead of third quarter earnings, some analysts downgraded several prominent shale drillers.

Imperial Capital analyst Irene Haas issued a double downgrade this week to Extraction Oil & Gas, a Colorado shale driller. Imperial Capital cut the company’s outlook to Underperform from Outperform, and lowered its price target to just $2 per share from $7. Extraction saw its share price plunge by 9 percent at one point during trading on Thursday before recovering some losses.

Irene Haas says that Extraction’s production is likely to be flat during the third quarter due to unplanned outages on the Western Gas system. More importantly, Haas says that Extraction’s business model is “fundamentally more risky, compared to other DJ Basin peers.” Haas also raised concerns about Extraction’s near-term fortunes, noting that the company “might not be equipped to weather additional commodity prices downdraft or operational upsets, planned or unplanned.” 

Meanwhile, SunTrust cut Concho Resources to Hold from Buy, pointing to the company’s efforts to rein in “inflated well costs.” The move also comes in the wake of Concho’s high-profile announcement over the summer, in which it admitted that its densely-packed 23-well “Dominator” project produced poor results.

 …click on the above link to read the rest of the article…

Economists Puzzled By Surge In US Money Supply

Economists Puzzled By Surge In US Money Supply

Summary:

  • Uncertainty incites a dash to cash, which we’ve seen at an accelerated pace beginning about five months ago, amounting to $887.4B; In the two weeks ended September 30th, MZM rose by $158.1B, a figure that has only been eclipsed in the immediate aftermath of 9/11
  • Declining inflation expectations have netted record levels of households expecting rising real income gains; and yet, consumers are less confident about economic growth with a third anticipating rising unemployment captured in the continued rise in the fear of the unknown
  • Those aged 45 and under expect annual income gains of more than twice households as a whole; this corroborates the top-third of income earners’ (managers’) higher unemployment rate expectations vis-à-vis middle-income-earners’ (worker bees’) job market outlook

We Americans are drawn to nicknames that evoke our cities’ characteristics:  The Big Apple, The Windy City, Hotlanta. But those passionate Italians demand their cities be identified by the vividness of color, an element that played right into the logo design of the world’s most iconic sports car. As for the horse, that image was painted on the SPAD S.XIII flown by Francesco Baracca, Italy’s World War I flying ace who recorded an astounding 34 kills before being killed himself in 1918. As recounted by Enzo Ferrari, fate stepped in as such, “In ‘23, I met count Enrico Baracca, the hero’s father, and then his mother, countess Paulina, who said to me one day, ‘Ferrari, put my son’s prancing horse on your cars. It will bring you good luck’. The horse was, and still is, black, and I added the canary yellow background which is the color of Modena.”

 …click on the above link to read the rest of the article…

More Than 50% Of The Mighty Permian’s 2018 Oil Production Has Vaporized

More Than 50% Of The Mighty Permian’s 2018 Oil Production Has Vaporized

As dark clouds gather on the financial horizon, big trouble is brewing in the U.S. Shale Oil Industry.  While most Americans are focused on the Mainstream media’s coverage of the ongoing Washington D.C. circus, the real threat to the domestic economy lies in the country’s oil heartland.  And, if we look at what is taking place in the United States’ largest shale oil region, the signs are troubling.

The Permian Oil Basin in Texas and New Mexico accounts for nearly half (46%) of the total U.S. shale oil production.   According to the data from Shaleprofile.com, Permian’s oil production peaked in May at 3.43 million barrels per day.  Due to the massive decline rate, production in the Permian has stalled this year.

The chart below shows the Permian oil production declining even though more wells continue to be brought online.  Unfortunately, there aren’t enough wells being added to offset the tremendous decline rate.  You will notice how quickly the oil production that was added in 2018 (Light Blue color) has declined in just half a year:

To give you a better idea of the huge decline rate in Permian oil production, let’s only focus on 2018 and 2019 in the following charts.  But, before doing so, I wanted to let everyone know that this information would not be possible without the data from Shaleprofile.com.  I highly recommend that you check out Shaleprofile.com and consider subscribing to the service if you want to be able to access more details in the shale industry.  It’s worth its weight in gold.

Let’s look at the Permian oil production just for 2018.  Permian oil production brought on in 2018 peaked in December at 2,136,000 barrels oil per day (bopd) or 2,136K bopd, and declined to 1,056K bopd by July 2019. That is a STUNNING 50.5% decline in just seven months:

 …click on the above link to read the rest of the article…

US To Send ‘Thousands’ More Troops To Saudi Arabia

US To Send ‘Thousands’ More Troops To Saudi Arabia

Reuters reports, citing defense or administration sources, that the US is set to send thousands of additional  troops to Saudi Arabia in the wake of last month’s Aramco attacks. 

“The United States is planning to send a large number of additional forces to Saudi Arabia following the Sept. 14 attack on its oil facilities, which Washington and Riyadh have blamed on Iran,” according to a breaking Reuters report

Though the Pentagon has yet to officially confirm the report with comment, Reuters noted the “sources did not specify exactly how many troops would be deployed but said it was expected to be in the thousands.”

And Bloomberg reports this could be as many as 1,800 new personnel, pending an official Pentagon statement:

Defense Secretary Mark Esper is expected to announce a new deployment of U.S. forces to the Middle East as tensions rise over Turkey’s military operations in northern Syria and an explosion on an Iranian oil tanker.

As many as 1,800 military personnel, including two air squadrons, are expected to be deployed to the region,including to Saudi Arabia, according to a defense official.

Earlier in the month the Pentagon deployed 500 troops in coordination with King Salman and crown prince MbS for “regional stability” and to counter Iran. 

Ironically this comes as Trump has promised to “slowly” get “out of the Middle East”.

Did China Just Announce the End of U.S. Primacy in the Pacific?

Did China Just Announce the End of U.S. Primacy in the Pacific?

Last week’s military parade previewed a series of game-changing weapons that could neutralize American seapower.

Military vehicles carrying DF-17 ballistic missiles march during a parade to celebrate the 70th anniversary of the founding of the People’s Republic of China at Tiananmen Square on October 1, 2019 in Beijing, China. (Photo by Sheng Jiapeng/China News Service/VCG via Getty Images) 

For decades, the United States has taken China’s ballistic missile capability for granted, assessing it as a low-capability force with limited regional impact and virtually no strategic value. But on October 1, during a massive military parade celebrating the 70th anniversary of the founding of the People’s Republic of China (PRC), Beijing put the U.S., and the world, on notice that this assessment was no longer valid. 

In one fell swoop, China may have nullified America’s strategic nuclear deterrent, the U.S. Pacific Fleet, and U.S. missile defense capability. Through its impressive display of new weapons systems, China has underscored the reality that while the United States has spent the last two decades squandering trillions of dollars fighting insurgents in the Middle East, Beijing was singularly focused on overcoming American military superiority in the Pacific. If the capabilities of these new weapons are taken at face value, China will have succeeded on this front. 

In the West, it is called RMA, short for “Revolution in Military Affairs.” The term was first coined by Marshal Nikolai Ogarkov in the early 1980s. Ogarkov, who was at the time serving as the chief of the Soviet general staff, spoke of “developments in nonnuclear means of destruction [which] promise to make it possible to sharply increase (by at least an order of magnitude) the destructive potential of conventional weapons, bringing them closer, so to speak, to weapons of mass destruction in terms of effectiveness.” 

 …click on the above link to read the rest of the article…

Defaults in European Retailers and US Energy on the rise

Defaults in European Retailers and US Energy on the rise

2019 has been a pleasant ride so far for high yield investors. Over the past 9 months the global high yield market has delivered a total return of 10.9% and an excess return of 6.4%, in part thanks to the U-turn of major central banks. Despite all the good news, things have occasionally gone wrong.

Recent events have reminded high yield investors that investing doesn’t come without risk. Thomas Cook, the UK tour operator, was grounded after final restructuring negotiations failed. To blame Brexit or the slowdown in global growth for the default would be a hasty conclusion. The business, operating in a structurally challenged industry, had long stretched its financials to the limits. The fragile situation did not go unnoticed by customers, who had stopped booking with the business. As a result of this, 2018 EBITDA (earnings before interest, taxes, depreciation and amortisation) dropped by 14.6% year-on-year which also changed the ability to materially generate positive cash flow. The company produced a negative free cash flow of £148 million in 2018. 2019 half year numbers revealed an even worse picture, with a seasonal outflow of £839 million; £121 million higher than the previous year. Operating with current liabilities that exceeded current assets by £2bn, made the solvency issue even more pressing and, in the end, didn’t allow the company to recover in time. This is a prime example of how quickly things can fall apart if consumers lose trust in a business. With bonds trading currently at 7 cents in the euro, investors only foresee a limited recovery rate for the asset-light business, which is also carrying a large amount of debt structurally senior
to the bonds.

High Yield defaults by Issuer

 …click on the above link to read the rest of the article…

After Unveiling ‘NotQE’, Fed Eases Liquidity Rules For Foreign Banks (Rescues Deutsche)

After Unveiling ‘NotQE’, Fed Eases Liquidity Rules For Foreign Banks (Rescues Deutsche)

Having cracked down on Deutsche Bank in the past, The Fed appears to be playing good-regulator/bad-regulator as The FT reports thatDeutsche is expected to benefit most from an imminent change in The Fed’s liquidity rules.

Specifically, US banking regulators have dropped an idea to subject local branches of foreign banks to tough new liquidity rules(forcing US branches of foreign banks to hold a minimum level of liquid assets to protect them from a cash crunch).

As The FT further details, people familiar with his thinking say Randal Quarles, the vice-chair for banking supervision at the Fed, accepts the banks’ argument that any liquidity rules on bank branches should only be imposed in conjunction with foreign regulators.

“Without some international agreement, we could have the situation where each country is trying to grab whatever isn’t nailed down if there is another scare.”

And Deutsche Bank benefits most (or rescued from major liquidity needs) since it has by far the largest assets in US branches…

Why would The Fed do this?

Simple, it cannot afford another Lehman-like move (or even the fear of one)…

Source: Bloomberg

Democracy Is Now a Hindrance to the Imperial State

Democracy Is Now a Hindrance to the Imperial State

Democracy is the coat of paint applied for PR purposes to the Imperial State.

If we step back from the histrionics of impeachment and indeed, the past four years of political circus, we have to wonder if America’s democracy is little more than an elaborate simulation, a counterfeit democracy that matches our counterfeit capitalism (Matt Stoller’s term).

If we review the mechanics of our “democracy,” we find that swapping which party controls Congress doesn’t really change the policies of The Imperial State, the central state that oversees America’s global commercial and geopolitical empire.Next, consider the high return rate of incumbents. Once in power, politicos can skim the millions of dollars in campaign contributions needed to win re-election.

Then there’s the some are more equal than others nature of the judicial system that serves the interests of financial and political elites: Bernie Madoff was free to continue his Ponzi scheme for years despite whistleblower attempts to instigate a federal investigation, and pedophile /schmoozer / “intelligence agency asset” Jeffrey Epstein was free to exploit underage teens and pile up $200 million after a wrist-slap conviction.

The corporate mass media is the PR machine for the Imperial State. If the state seeks to sell the public a war of choice, the media dutifully pounds the drums of war. If the Imperial State decides to disempower a president or other elected official, the media will hound the elected official until he/she is disgraced or buried, too busy fighting off the ceaseless media propaganda to function. The mass media excels at ruthlessly mocking political targets, reducing their stature in the public eye and undermining their “soft power.”

 …click on the above link to read the rest of the article…

Rare Fox News Segment Details Saudi State Sponsorship Of 9/11 Attacks

Rare Fox News Segment Details Saudi State Sponsorship Of 9/11 Attacks

During an episode this past week, Tucker Carlson of Fox News laid out the growing evidence of Saudi state sponsorship of 9/11, based on additional details coming out of the 9/11 victims families’ lawsuit against the kingdom. 

Noting that the US increasingly appears “on the brink of bombing Iran” he questioned, “why are we doing that?” Carlson answered, “well we’re primarily doing that to protect Saudi Arabia.”

“Iran had nothing to do with 9/11,” he noted in his opening comments. “Saudi Arabia, meanwhile, was so connected to 9/11 that the families of many 9/11 victims are seeking justice  payment as recompense for the Saudis’ role. So How exactly does the country and its government get to ignore this?”

Saudi Arabia knowingly provided al Qaeda with support, financing and resources that were material, substantial and critical to the success of the September 11th Attacks — 9/11 victims families’ lawsuit.

“A heavily redacted 2012 [government] report describes the support Saudi government officials gave to two hijackers after they arrived in Los Angeles. The officials gave the two al Qaeda members assistance in daily activities’…” Carlson explained. 

The Fox host also referenced a sworn testimony by a high ranking FBI agent privy to the investigation who admitted the hijackers “would have had zero chance for success without a support structure waiting for them.”

“The families still want more information declassified about Saudi involvement and feel as if their own government has betraed them,” Carlson continued in his report. 

Relative of one 9/11 victim, Brett Eagleson, said during the segment, “One would like to think that the FBI works for the American people and not the interests of Saudi Arabia.”

 …click on the above link to read the rest of the article…

More Than 50% Of The Mighty Permian’s 2018 Oil Production Has Vaporized

More Than 50% Of The Mighty Permian’s 2018 Oil Production Has Vaporized

As dark clouds gather on the financial horizon, big trouble is brewing in the U.S. Shale Oil Industry.  While most Americans are focused on the Mainstream media’s coverage of the ongoing Washington D.C. circus, the real threat to the domestic economy lies in the country’s oil heartland.  And, if we look at what is taking place in the United States’ largest shale oil region, the signs are troubling.

The Permian Oil Basin in Texas and New Mexico accounts for nearly half (46%) of the total U.S. shale oil production.   According to the data from Shaleprofile.com, Permian’s oil production peaked in May at 3.43 million barrels per day.  Due to the massive decline rate, production in the Permian has stalled this year.

The chart below shows the Permian oil production declining even though more wells continue to be brought online.  Unfortunately, there aren’t enough wells being added to offset the tremendous decline rate.  You will notice how quickly the oil production that was added in 2018 (Light Blue color) has declined in just half a year:

To give you a better idea of the huge decline rate in Permian oil production, let’s only focus on 2018 and 2019 in the following charts.  But, before doing so, I wanted to let everyone know that this information would not be possible without the data from Shaleprofile.com.  I highly recommend that you check out Shaleprofile.com and consider subscribing to the service if you want to be able to access more details in the shale industry.  It’s worth its weight in gold.

Let’s look at the Permian oil production just for 2018.  Permian oil production for 2018 peaked in December at 2,136,000 bopd or 2,136K bopd, and declined to 1,056K by July 2019. That is a STUNNING 50.5% decline in just seven months:

 …click on the above link to read the rest of the article…

U.S. Constitutional Crisis? Not According to Gold Bullion

U.S. Constitutional Crisis? Not According to Gold Bullion

U.S. Constitutional Crisis? Not According to Gold Bullion - Nathan McDonald (26/09/2019)

The system is collapsing, the markets are crashing, and gold and silver bullion are soaring higher, attempting to protect their investors from the impending doom about to befall us.

Or not.

The Mainstream Media is at it again, beating the war drum and attempting to rile up the people of the United States, the markets, and anyone else that will listen. After all, you’ve got to get those clicks.

The hubbub that I am referring to regards the ongoing “constitutional crisis” taking place in the United States even as I write this article.

A “whistleblower” in the Intelligence Community has stepped forward with damning information that he / she heard from a guy who knows a guy who knows for a fact that President Trump is attempting to circumvent the election process, big league.

Straying from tradition and in record-breaking fashion, the Trump administration released the transcripts of the supposed incident, which took place via phone call with the President of Ukraine. The “whistleblower” believes the President attempted to garner foreign interference in the upcoming 2020 elections by having Ukraine investigate Joe Biden and his son Hunter Biden.

This, of course, would be very concerning if true, even if there was undoubtedly some funny business that took place regarding Hunter’s “incident” while Vice-President Biden was in office.

To read more about the background surrounding this past event, I suggest Karl Rove’s recent Op-Ed that appeared in the WSJ this morning.

If all of these allegations were true, then you would expect that President Trump and his administration would go into immediate “lock down” mode, making it as difficult as possible for the opposition to investigate his “wrongdoings”. Which is what I believe both the Democratic Party and the MSM thought would happen.

 …click on the above link to read the rest of the article…

Secret Survey: U.S. Shale In A State Of ‘Deep Anxiety’

Secret Survey: U.S. Shale In A State Of ‘Deep Anxiety’

Shale Permian

The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity.

Oil and gas activity in Texas and parts of New Mexico declined in the third quarter, with the Dallas Fed’s business activity index reporting a reading of -7.4, down from -0.6 in the second quarter. A negative reading signals contraction while a positive reading indicates expansion. Falling deeper into negative territory indicates that shale drillers in the Permian further cut drilling activity over the last three months.

A slowdown in drilling is an even larger problem for oilfield services companies, who provide the equipment, manpower and drilling services that oil companies need. A producer may be able to do more with less, but that “less” falls on the service providers, who have been hit hard. The Dallas Fed said that the business activity in the oilfield services sector fell to -21.8 in the third quarter, down from 6.6 in the second.

Another reading demonstrated the pain for oilfield services. The Dallas Fed’s “equipment utilization index” plunged to -24 from 3, and the figure for the third quarter was the lowest since the oil market’s nadir in 2016.

Problematic for shale drillers is that costs still grew, although at a much slower rate. The “input cost” index stood at 5.6 in the third quarter, an indication of slowing cost increases compared to the 27.1 reading in the second quarter. But the bad news for the industry is that the reading was still in positive territory.

Employment is also weakening. The employment index fell to -8.0 from -2.5, meaning that the Permian likely saw job losses for the second quarter in a row.

 …click on the above link to read the rest of the article…

The Coup Has Begun – The Empire Strikes Back Everywhere

The Coup Has Begun – The Empire Strikes Back Everywhere

“I am altering the deal, pray I don’t alter it any further.”

Darth Vader, “The Empire Strikes Back”

You know I think there are no coincidences in politics. Everything happens on a particular schedule. So when I see a day as crazy as today I have to ask the question, “Why this, why now?”

Look at the headlines and you’ll see what I’m talking about. All of these things happened since I woke up at 7:30am this morning in Florida:

  1. The British Supreme Court just arrogated unprecedented power to itself by inserting itself into any dispute between the Government and Parliament. This upends more than 300 years of constitutional process.
  2. The Democrats have announced they will pursue impeachment charges against President Trump because an unverified, hearsay whistleblower made a complaint about a phone call between Trump and Ukrainian President Volodymyr Zelenski. Impeachment odds soared overnight as someone was tipped off about the Democrats’ plan.
  3. Bitcoin’s hashrate mysteriously flash-crashed more than 40% presaging a massive $1500 drop in price. 
  4. Donald Trump delivered a blistering critique of socialism at the United Nations General Assembly. Too bad he’s nearly as bad as the ones he’s fighting on the far left.
  5. Europe’s Trio of Faded Glory — The UK, France and Germany — joined in the chorus of unverified condemnation of Iran in the attack on the Saudi oil field on the 14th.
  6. The Federal Reserve continues to bail out banks to the tune of $65 to $75 billion per day through overnight repo operations that no one can give us an explanation as to why they’re needed.

This feels to me like a multi-level coup against those that dare stand athwart the global power structure. Both British and American leadership institutions are under sincere attack with these moves.

 …click on the above link to read the rest of the article…

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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