Hyperinflation Has Destroyed Venezuela

Has coffee become an unattainable luxury? It is if you live in Venezuela’s capital of Caracas. In July, the price of a cup of coffee was 2 million bolivars. In a country where the minimum wage has been raised to 3 million bolivars, coffee has become as unaffordable as food, housing, clothing, and medicine. Venezuela is in […]

Analysts: SPR Release Won’t Lower Gasoline Prices

Even if the U.S. Administration decides to release crude oil from the Strategic Petroleum Reserve (SPR), American drivers are unlikely to see gasoline prices coming down, because U.S. refiners already have enough oil to run at maximum rates, and much of the oil products that would be produced could be exported, analysts briefed by Reuters […]

Rand Paul Is Single-handedly Preventing War With Iran

A report citing an unnamed aide to President Trump has suggested that the only reason that the US has not because embroiled in military conflict with Iran is because Rand Paul has the President’s ear on foreign policy and is offsetting the parade of war hawk neocons circling Trump. The report, published by Politico, notes […]

War Without End

Second Platoon did not hide its dark mood as its soldiers waded across the Korengal River in the bright light of afternoon. It was early in April 2009 and early in the Pentagon’s resumption in earnest of the Afghan war. The platoon’s mission was to ascend a mountain slope and try to ambush the Taliban […]

Kunstler: Fever Pitch

Those in the USA who have not been driven plumb insane by President Donald Trump are probably scratching their heads down to the subdural cavity this week with his imposition of more severe sanctions on Russia only a month after he went to Helsinki to repair tattered relations with Russia’s president, Mr. Putin. The official […]

IDF says war in Gaza approaching

A member of the Hamas military police walks through rubble at a site that was hit by Israeli airstrikes in Gaza City on August 9, 2018 (AFP PHOTO/MAHMUD HAMS) A senior army official warned Thursday morning that Israel was nearing a full-blown military confrontation in the Gaza Strip after hundreds of rockets were launched overnight […]

The Next Big Energy Standoff Will Happen Here

The Association of Southeast Asian Nations (ASEAN) and China have agreed on a so-called single  working text to continue negotiations for a Code of Conduct (COC) in the disputed South China Sea. “I am pleased to announce yet another milestone in the COC process,” said Vivian Balakrishnan on Thursday, Singapore’s foreign minister, who is hosting […]

John Michael Greer: The Kek Wars, Part Four: What Moves In The Darkness

In last week’s thrilling episode of The Kek Wars, we saw how a band of outsiders linked by the network of online forums loosely called “the chans,” and armed with the tools of chaos magic, found themselves in the midst of a cascade of meaningful coincidences and strange happenings, more or less clustered around Pepe […]

Iran CIVIL WAR brewing: Fury at ‘corrupt’ regime – ‘they make us poorer every day’

With prices spiralling and President Hassan Rouhani at loggerheads with US opposite number Donald Trump, things got even worse this week with the reimposition of tough economic sanctions aimed at further undermining the Islamic fundamentalist republic. Measures which target cars, gold and other metals trading, as well as the government’s ability to buy US dollars, […]

Where is Iran? What are US sanctions imposed on Iran? Will it cause World War 3?

President Donald Trump’s administration has begun the process of re-imposing sanctions on Iran. In turn, this has reignited fears it could spark World War 3. Where is Iran? Iran is a large country located in the Middle East. Officially known as the Islamic Republic of Iran, it is situated on the Arabian Golf. It borders many countries, including Pakistan, […]

Venezuela’s president Nicolas Maduro survives assassination bid using drones packed with explosives during live TV speech

Maduro has since called on US president Donald Trump to join his fight against the “terrorist groups” responsible for the attack. But questions have been raised about whether the incident was faked after Maduro quickly blamed political opponents and media footage of the event suddenly cut out. The explosions cut short a televised speech by […]

China tariffs on LNG, oil aim at US energy dominance agenda

China’s proposed tariffs on U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by U.S. […]

China Won’t Stop Buying Iranian Crude Oil Despite US Request

Beijing has declined a request by U.S. envoys to stop importing crude oil from Iran, Bloomberg reports, citing unnamed sources in the know. While this is a major setback in President Trump’s quest of cutting Iranian oil exports to zero by November 4, Beijing, according to the sources, agreed to not increase its imports of […]

Trump Escalates Rhetoric on Iran

Rhetoric escalated between the United States and Iran when U.S. President Donald Trump irresponsibly tweeted July 22 that Iranian President Hassan Rouhani must “NEVER EVER THREATEN THE UNITED STATES AGAIN” or else suffer consequences the likes of which “FEW HAVE EVER SUFFERED BEFORE.” The meeting for a Comprehensive agreement on the Iranian nuclear program in […]

Turkey’s defection

By embracing BRICS just a year and a half after being spurned by the EU, Turkey signals that it has turned the Eurasian hub decisively toward the east, whether or not Europe gets up the courage to distance itself from the United States. AFTER a multi-year see-saw between an overwhelmingly Christian EU and Muslim Turkey […]

Saudi Arabia Planned to Invade Qatar Last Summer

Thirteen hours before Secretary of State Rex Tillerson learned from the presidential Twitter feed that he was being fired, he did something that President Donald Trump had been unwilling to do. Following a phone call with his British counterpart, Tillerson condemned a deadly nerve agent attack in the U.K., saying that he had “full confidence […]

Kunstler: Light it Up?

The Guardians of the Galaxy at National Public Radio were beside themselves Wednesday night reporting that “the lights are blinking red for a 2018 election attack by Russia.” Well, isn’t that an interesting set-up? In effect, NPR is preparing its listeners in advance to reject and dispute the coming midterm election if they’re not happy […]

Donald Trump’s energy policy: No commitment to Canada

Canada is a leading supplier of oil, gas and electricity to the United States, so the Trump administration’s overall attitude and policies toward energy are critical to many Canadian businesses. The Trump energy agenda may not create undue barriers to entry for Canadian producers, but it will also not provide any special opportunities. Like most […]

Kunstler: On the Beach

Comes August now, the month of vacancy, idleness, the slap and hiss of waves on sand, furtive romance on the dunes, perhaps, sweet corn, country roads, and county fairs, and more furtive romance, perhaps, on a blanket in the high meadow under a blood moon — and respite from the hellish host of foolish ideas, […]

U.S. Crude Oil Production And Exports Soar To Record Highs

COMBO – This combination of two pictures shows U.S. President Donald Trump, left, on July 22, 2018, and Iranian President Hassan Rouhani on Feb. 6, 2018. In his latest salvo, Trump tweeted late on Sunday, July 22 that hostile threats from Iran could bring dire consequences. This was after Iranian President Rouhani remarked earlier in […]

Iran Confirms Unleashing Hezbollah Terror Cells In US, Threatens to Activate 5th Generation Warfare

A top Iranian military official has warned the United States that Iran is prepared to launch a terror campaign against America, confirming what Alex Jones previously reported. On Monday, Alex Jones explained how a war with Iran would result in terror attacks throughout the United States. Watch the video below. Now, the news is on […]

Iran “Preparing Ground” For National Cryptocurrency To Dodge US Sanctions

Iran has confirmed it will press ahead with creating its own state-issued cryptocurrency to circumvent incoming U.S.. sanctions, local media Press TV reported July 25. image courtesy of CoinTelegraph Quoted by local news media outlet ISNA and translated by PressTV, Alireza Daliri, deputy for management and investment at the Directorate for Scientific and Technological Affairs, said plans for the creation of […]

Another critical oil chokepoint is in the firing line after Iranian general’s threats

Iran’s top general lashed out at President Donald Trump this week, issuing a heated threat and putting a major Red Sea oil chokepoint directly in his sights. More than simply disrupting crude shipments, there are fears that escalated Iranian aggression through regional proxies could drag the U.S. into greater military conflict. “The Red Sea which […]

Interesting times ahead

“May you live in interesting times.” This expression, which seems a blessing, is really laced with stinging irony: interesting times are often fraught with conflict, instability, and danger. Who can deny that we are living in interesting times? And what could be more interesting than the Helsinki press conference in which President Donald Trump stated […]

Saudis Halt Oil Shipments Through Red Sea: A Potential Watershed In The Yemen War

A spike in oil prices as a result of a temporary halt in shipments through the strategic Bab el Mandeb strait may be short-lived, but the impact on Yemen’s three-year-old forgotten war is likely to put the devastating conflict on the front burner. The halt following a Saudi assertion that Iran-backed Houthi rebels in Yemen […]

US Preparing To Bomb Iran’s Nuclear Capabilities As Soon As Next Month: Report

As the White House convenes a policy meeting on Iran Thursday involving senior Pentagon officials and cabinet advisers under national security adviser John Bolton, and after a week of intense saber-rattling by President Donald Trump and his Iranian counterpart Hassan Rouhani, a new bombshell report by Australia’s ABC says the White House is drawing up plans to strike […]

The Kek Wars, Part Two: In the Shadow of the Cathedral

In last week’s thrilling episode of The Kek Wars, we talked about the way that America’s managerial aristocracy and its broad penumbra of lackeys and hangers-on retreated into a self-referential bubble to avoid noticing the consequences of their preferred policies. As they did so, those policies—the metastatic growth of government regulation that strangled small businesses […]

The Regulation That Could Push Oil To $200

Oil prices could spike as high as $200 per barrel over the next 18 months, which would cause an “economic crash of horrible proportions,” according to a new report. A research paper from economist and oil market watcher Philip K. Verleger predicts there could be a shortage of low-sulfur diesel fuel in 2020 as a result of […]

Pave Over the Subway? Cities Face Tough Bets on Driverless Cars

A quiet moment on the New York subway. Because it’s so hard to predict the future of transit, some technologists feel a key is to keep options open by laying concrete and letting innovators design what rides on top of it. By definition, rail precludes all possibilities other than a train.CreditEdu Bayer for The New […]

Iran leader backs suggestion to block Gulf oil exports if own sales stopped

Iran’s Supreme Leader Ayatollah Ali Khamenei on Saturday backed President Hassan Rouhani’s suggestion that Iran may block Gulf oil exports if its own exports are stopped and said negotiations with the United States would be an “obvious mistake”. Iran’s Supreme Leader Ayatollah Ali Khamenei delivers a speech in Tehran, Iran, June 4, 2017. TIMA via […]

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