In Davos, the global elite ponders on income inequality, lack of trust in leaders

The heaviest snowfall to hit Davos in decades saw heaps of snow piling up high all around this scenic Swiss Alpine resort. It made for breathtaking sights for the thousands of business and political leaders attending the World Economic Forum meeting over the past week. The experienced skiers among them would have relished the prospects […]

The Dollar Saga Continues

There are several headwinds to the present and future value of the Dollar. The casual observer might think that it has to to with the government shutdown, or the petty politics in Washington. With the latest shutdown ending hours ago, the next potential shutdown lies just weeks ahead. While both of those things are currently […]

Trump Fires Latest Shot In Trade Wars – Imposes 30% Tariff On Solar-Panel Imports

President Donald Trump is once again burnishing his protectionist bona fides by slapping imported solar cells and washing machines with 30% tariffs – his most significant action taking aim at the world’s second-largest economy since he ordered an investigation into Chinese IP practices that could result in tariffs. Acting on recommendations from US Trade Representative […]

Kunstler: Blow Back

Is there any doubt that the Democratic Party will be blamed for the government shutdown brought on by the DACA showdown? They insisted on a DACA deal that would have enabled everybody-and-his-uncle in a DACA person’s family to migrate to this country, a formula known as chain migration. Did they really believe that would go […]

Anniversary of the Trump Presidency Part One: Peak Oil and the Deep State

Click to download the audio (MP3 format) As these words go to publication, millions are expected to take to the streets in centres across the United States, Canada and around the world, all in demonstrations timed with the anniversary of President Trump’s inauguration. The thrust of the Womens’ March on Washington and its various affiliates […]

Oliver Stone’s “Ukraine On Fire” Documentary Released In The West

Oliver Stone’s seminal documentary Ukraine on Fire has finally been made available to watch in the West. Investigative journalist Robert Parry reveals how US-funded political NGOs and media companies have emerged since the 1980s, replacing the CIA in promoting America’s geopolitical agenda abroad. As Russia-Insider details, Ukraine on Fire provides a historical perspective for the deep divisions in the […]

Africa Has Shitloads Of Resources

Anyone who knows me — or has read my resume below — will understand why I have to comment on the horrendous outburst by the President of the United States on January 11th. I heard Jesse Watters on Fox News explain that the s***hole remarks were just harmless bar talk, but if we can agree […]

As Petro-Yuan Looms, Bundesbank Adds Renminbi To Currency Reserves

Just days after China’s (denied) threat to slow/stop buying US Treasuries, and just days before the launch of China’s petro-yuan futures contract, Germany’s central bank confirmed it would include China’s Renminbi in its reserves. The FT reports that Andreas Dombret, a member of Deutsche Bundesbank’s executive board, said at the Asian Financial Forum in Hong […]

China’s Official Military Newspaper Warns: “War Is Not Far”

“War is not far from us. Regional situations around China are complex and unstable, and dangers are hiding under the peace. China cannot afford a military failure, so we must be fully aware of potential crisis and be prepared for battle at all times. When the country is on the brink of becoming a great […]

Will The Dollar Survive The Rise Of The Yuan And The End Of The Petrodollar?

This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the dollar’s primacy will be challenged by the yuan as the pricing medium for energy and […]

Iran Sanctions Will Help China’s Petro-Yuan

In a few days, U.S. President Trump may try to re-impose sanctions on Iran, a dramatic step that could heighten tensions between the two countries. Some analysts believe the move could contribute to a much broader global economic power shift from the U.S. to China. The connection between the issues may not be obvious at […]

Saudi Arabia Considers Adding to $10 Billion Loan

Saudi Arabia is considering increasing the size of a $10 billion loan after banks on the 2016 deal offered to lend more, people familiar with the matter said. Lenders are in talks with the government to increase the amount it borrowed, said the people, asking not to be identified because the discussions are private. Another […]

Kunstler: Fairy Tale

Am I imagining that Oprah Winfrey launched her presidential campaign last night at the Golden Globes Awards? Well, why not? Unlike the Golden Golem of Greatness, skulking fiery and furious in his lonesome White House tweet chamber, Americans of all identity persuasions love Oprah. Unlike the president, who attained “stable [for now] genius” status without […]

Ex-Iranian president Ahmadinejad arrested for inciting unrest

According to Arab paper, former leader’s comments against Rouhani government amid rallies have led authorities to seek to place him under house arrest Former Iranian president Mahmoud Ahmadinejad has been arrested by authorities for allegedly inciting unrest against the government, the London-based daily Al-Quds Al-Arabi reported Saturday, citing “reliable sources in Tehran.” The newspaper said […]

Eleven Saudi princes detained following protest

Saudi authorities have detained 11 princes after they gathered at a royal palace in Riyadh in a rare protest against austerity measures that included suspending payment of their utility bills, Saudi media reported on Saturday. Saudi officials did not respond immediately to a request for a comment on the report. reuters

US Sanctions Five Iranian Entities, Signals More Measures

The U.S sanctioned five Iranian entities for their work on the nation’s ballistic missile program and signaled that more punitive measures lay ahead in response to the Islamic Republic’s suppression of anti-government protests. The entities, none of which are publicly traded, are being designated for being owned or controlled by Iran’s Shahid Bakeri Industrial Group, […]

The Deep State’s Plan ‘C’ – Murder Donald Trump?

Longtime Donald Trump advisor and confidante Roger Stone is warning once again about the deep state. This time, he said that the deep state’s “plan C” is to simply murder the president, since plans A and B won’t work out.   With trust in the mainstream media at an all-time low, the global elitists are on […]

Geopolitical risk may be the factor to watch in 2018 for oil

A U.S. president eager to advance an agenda of energy dominance, and a market with no room for risk, means 2018 may be one for the geopolitical books. The New Year started with Iran in the grips of one of its worst bouts of political unrest since the Green Revolution in 2009 brought the first […]

Oil And Iran

The world Is watching and so is oil as the death toll rises in the streets of Iran, where the people revolt against a terrible economy and the lack of any real freedoms and rights. At least 19 people were reported killed in street protests in Iran, while President Hassan Rouhani on one hand defended […]

Kunstler: Forecast 2018 — What Could Go Wrong?

Markets If you take your cues from Consensus Trance Central — the cable news networks, The New York Times, WashPost, and HuffPo — Trump is all that ails this foundering empire. Well, Trump and Russia, since the Golden Golem of Greatness is in league with Vladimir Putin to loot the world, or something like that. […]

Kunstler: The Year in Trump

There he is, our president, both immovable object and irresistible force, unsmiling with slitty eyes beneath that car-hood of a hair-doo, lumbering from one presidential prerogative to the next through squalls of opprobrium, perplexing leaders from foreign lands, punking congressmen and senators, inducing swoons of un-safeness among the zhes, theys, and thems on campus, provoking […]

Venezuela Unveils Mining, Trading, and Launch Details of National Cryptocurrency

The Venezuelan government has published a decree outlining the operation of Venezuela’s national cryptocurrency, the Petro. It details the government’s plans for the new currency, including its issuance, mining, and trading. In addition, the Petro will be backed by 5 billion barrels of crude oil. 5 Billion Barrels of Oil and Mining Plan Nicolás Maduro. […]

US State Department Hints At Iran Overthrow: Are We Witnessing The Early Stages Of Regime Change?

The US State Department has issued a formal condemnation of the Iranian government following two days of economic protests centering in a handful of cities, calling the regime “a rogue state whose chief exports are violence, bloodshed, and chaos” while announcing support for protesters. It fits a familiar script which seems to roll out when […]

A year of historic change in Saudi Arabia, with more to come

Saudi Arabia in 2017 laid the groundwork for momentous change next year, defying its conservative reputation for slow, cautious reforms by announcing plans to let women drive, allow movie theaters to return and to issue tourist visas. The kingdom could even get a new king. King Salman and his ambitious 32-year-old son and heir, Crown […]

Protests turn political in Iran as rallies spread

Demonstrators chanted anti-government slogans in several cities across Iran on Friday, Iranian news agencies and social media reports said, as price protests turned into the largest wave of demonstrations since nationwide pro-reform unrest in 2009. Police dispersed anti-government demonstrators in the western city of Kermanshah as protests spread to Tehran and several other cities a […]

Trump Moves to Scrap Offshore Drilling Safety Rules

The BSEE proposes eliminating regulations that were put in place in response to the deadliest offshore drilling disaster in U.S. history The oil and gas industry is poised to save hundreds of millions of dollars over the next decade thanks to a rollback of offshore drilling safety regulations that have been proposed by the Trump […]

The United States of America Is Decadent and Depraved

In The History of the Decline and Fall of The Roman Empire, Edward Gibbon luridly evokes the Rome of 408 A.D., when the armies of the Goths prepared to descend upon the city. The marks of imperial decadence appeared not only in grotesque displays of public opulence and waste, but also in the collapse of […]

Cyberattack Targets Safety System at Saudi Aramco

Malicious software attacked a safety system in August at Saudi Aramco, the world’s largest oil company, in what is the first-ever example of malware targeting the computer systems designed to prevent a disaster at an industrial facility. The attack was first described by the computer security firm FireEye in a blog post last week, which […]

North Korea nuclear attack REVEALED: 90% of US population ‘would DIE’

Expert: Nuclear EMP would leave us ‘fighting for survival’ Hermit kingdom dictator Kim Jong-un has claimed he has the capability to hit mainland US with his rockets.He’s brazenly carried out nuclear and missile tests to showcase his terrifying weapons. Though it has been claimed today Kim may be “lying about the lastest ballistic missile test”. […]

Can The US Survive An EMP Attack?

While there’s no question that a nuclear strike on the Continental US would be utterly devastating, it’s not the only way a rogue state like North Korea could kill millions of American civilians in one fell swoop. Another possibility that is being studied by lawmakers and Pentagon officials is – like North Korea itself – […]

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