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President Xi Orders Chinese Army To “Prepare For War”
President Xi Orders Chinese Army To “Prepare For War” In just a few short days, China has proved that investors who have been underestimating the geopolitical risks stemming from the simmering tensions between the US and China over the latter’s territorial claims in the South China Sea and paranoia over the fate of Taiwan – […]
2018 Chaos, 2019 Mayhem
2018 Chaos, 2019 Mayhem Titian The rape of Europe 1560-62 It took me a while to decide which word(s) best define the past year and the next one, but I think this is pretty much it. 2018 was chaotic more than anything else, and that chaos will give rise to mayhem in 2019. What I […]
All US Homes Are Overvalued
All US Homes Are Overvalued Dorothea Lange Children and home of cotton workers at migratory camp in southern San Joaquin Valley, CA 1936 My long time pal Jesse Colombo, now at Real Investment Advice, recently linked on Twitter to a Zero Hedge article, which quoted CoreLogic as saying more than half of American homes are […]
Rothschild Humiliates Obama, Reveals That “America Is The Biggest Tax Haven In The World”
Rothschild Humiliates Obama, Reveals That “America Is The Biggest Tax Haven In The World” In his speech yesterday, following the Treasury’s crack down on corporate tax inversions, Obama blamed “poorly designed” laws for allowing illicit money transfers worldwide. Since the speech came at a time when the entire world is still abuzz with the disclosure from the […]
Shuffling The Deckchairs On The USS Perpetual Growth
Shuffling The Deckchairs On The USS Perpetual Growth The USS Perpetual Growth was picking up speed, steaming over calm seas despite a growing chorus of capital market Cassandras fearing trouble under the surface and further out at sea. “Full speed ahead” Skipper Yellen barked to her economates, unperturbed by ominous radar images or the uselessness of econometric […]
It’s Official: Canada Has Sold All Of Its Gold Reserves
It’s Official: Canada Has Sold All Of Its Gold Reserves One month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per […]
The Most Ominous Warning That Oil Storage Is About To Overflow Has Arrived
The Most Ominous Warning That Oil Storage Is About To Overflow Has Arrived It was just last week when we said that Cushing may be about to overflow in the face of an acute crude oil supply glut. “Even the highly adaptive US storage system appears to be reaching its limits,” we wrote, before plotting Cushing capacity […]
China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns
China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns A little over a week ago, Marc Faber dialed in from Thailand to chat with Bloomberg TV about the outlook for US equities, the American economy, and USTs in the new year. The US is “already in a recession,” the […]
The Godfather Of Climate Change Calls Obama’s Deal “A Fraud, It’s Bullshit”
The Godfather Of Climate Change Calls Obama’s Deal “A Fraud, It’s Bullshit” Amid all the self-congratulatory mutual masturbation that has effused since the “historic” signing of a climate ‘deal’ with no enforcement mechanism, few are better qualified (or more outspoken) to describe the utter farce that COP21 is than former NASA scientist James Hansen, who as The Guardian […]
“It’s A Bloodbath” – Here Is The Biggest Casualty Of Canada’s Recession
“It’s A Bloodbath” – Here Is The Biggest Casualty Of Canada’s Recession In the past year, we have extensively profiled the collapse of ground zero of Canada’s oil industry, Calgary, as a result of the plunge in the price of oil, in posts such as the following: “Canada Crude Contagion: Calgary Home Prices Drop Most […]
Obama Unveils Roadmap To ‘Bailout’ Puerto Rico: “New” Bankruptcy Rules & Federal Fiscal Oversight
Obama Unveils Roadmap To ‘Bailout’ Puerto Rico: “New” Bankruptcy Rules & Federal Fiscal Oversight America is not Greece, but judging from the Obama administration’s just-unveiled plans to bailout Puerto Rico’s disastrous debt situation, the American territory may have to sacrifice a little more sovereignty to get some relief. Obama is pressing for Congress to give […]
What Keeps Neil Howe Up At Night: An Interview With The Author Of “The Fourth Turning”
What Keeps Neil Howe Up At Night: An Interview With The Author Of “The Fourth Turning” “Underproduction, undercapacity, deflation, currency wars, demographics, falling birth rates” – those are the biggest fears which Fourth Turning author, and head of Saeculum Research Neil Howe, lays out in this interview excerpt courtesy of RealVision TV. While Howe goes […]
Fukushima Kids Suffer Thyroid Cancer Up To 50x Normal Rate, New Study Finds
Fukushima Kids Suffer Thyroid Cancer Up To 50x Normal Rate, New Study Finds Children living near the Fukushima nuclear meltdowns have been diagnosed with thyroid cancer at a rate 20 to 50 times that of children elsewhere, according to a new study. As AP reports, most of the 370,000 children in Fukushima prefecture have been given ultrasound […]
Lawrence Wilkerson: “The American ‘Empire’ Is In Deep, Deep Trouble”
Lawrence Wilkerson: “The American ‘Empire’ Is In Deep, Deep Trouble” Former US army colonel and Chief of Staff for Colin Powell, Lawrence Wilkerson unleashed a most prescient speech on the demise of the United States Empire. As Naked Capitalism’s Yves Smith notes, Wilkerson describes the path of empires in decline and shows how the US is following […]
The Start Of China’s Unrest? Southern China City Rocked By “Massive” Bomb Explosions, At Least 6 Dead
The Start Of China’s Unrest? Southern China City Rocked By “Massive” Bomb Explosions, At Least 6 Dead Over the weekend when we reported that one of China’s largest coal miners had laid off 100,000, or 40% of its workforce, we noted that China’s hard-landing is starting to hit where it really hurts: employment, or rather the lack […]
