The effects of negative interest rates on markets, economies and more

Central banks’ implementation of negative policy rates is at an unprecedented scale, reflecting both the limits of previous unconventional monetary policies and a general inability to utilize fiscal stimulus to jump start economic growth. However, this extreme policy approach will have consequences, both intended and unintended, for markets, macroeconomic balances, investors, consumers, and policymakers. We […]

How The Globalists Will Attempt To Control Populations Post-Collapse

There is an interesting disconnect with some people when discussing the concept of global centralization. Naturally, the mind reels in horror at the very idea, because many of us know, deep down at our core, that centralization is the root of tyranny.  We know that when absolute power is granted into the hands of an […]

America: You Will Go Insane Because Of What Your Eyes Will See

A cloud of madness is descending on America, and most of us are completely unprepared for the chaos that will be unleashed during the months ahead.  This morning, I was reading through Deuteronomy when I came to a phrase that really resonated with me.  In the Modern English Version, this is what Deuteronomy 28:34 says: “You […]

James Howard Kunstler: Racketeering Is Ruining Us

If you don’t understand what’s causing a particular problem, then it’s pretty difficult to come up with an effective solution. Author, commentator and longtime friend-of-the-site James Howard Kunstler returns to our podcast this week to discuss the importance of accurate diagnosis — in this case, of the scourge he sees as accelerating America’s downslide into […]

As Saudi Austerity Starts to Bite, a Testing Time for Its Prince

Fahad bin Raja sells cars for a living in Saudi Arabia’s capital. Abdullah Saeed drives them. In the kingdom’s new age of austerity, both men are finding it harder to make ends meet. Saeed, 63, says his monthly rent of about 2,000 riyals ($560) is covered by social insurance payments, but that leaves the cost […]

US/Saudi Airstrike Kills 10 Kids at School in Yemen

At least ten children have been killed and almost thirty injured in north-western Yemen, Doctors Without Borders said after a reported airstrike on a religious school. Doctors Without Borders (MSF) said on Twitter that at least ten school children have been left dead and 28 injured in Yemen’s Saada province. Al-Alam News Network and Iran’s […]

Saudi-Iran Oil Rivalry Heats Up As OPEC Seeks To Stabilize Price

Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices. Oil’s return to a bear market last week prompted a flurry of words from members of the Organization of Petroleum Exporting Countries. The group’s president Mohammed Al […]

New Era of Global Collective Psychosis

Anybody who has been unfortunate to be in a car or plane crash, but lucky enough to survive it and tell the story afterwards knows the inherent paradox: the event occurred in the blink of an eye, but seemed, in retrospect, to have unfolded in a dreadful slow-motion sequence. What can be called the crash […]

Venezuela’s Maduro Says He Discussed Oil Prices With Saudi King

Venezuelan President Nicolas Maduro said he spoke to Saudi Arabia’s king about boosting oil prices and is reaching out to the heads of state of fellow producers Russia, Iran and Qatar as his country reels under the crude crash. Venezuela, holder of the world’s biggest oil reserves, wants to stabilize prices that fell to a […]

Army Paper: How our economic war with China could turn real

All war ends in military war. Currency, economic, whatever the name. Its resolution is a  reset through violent means. The current fray over the South Sea is based on natural resources that China wants access to. The War paper herein is based in large part on the failure to rectify that economic situation. All war […]

China’s Marshall Plan

China’s ambition to revive an ancient trading route stretching from Asia to Europe could leave an economic legacy bigger than the Marshall Plan or the European Union’s enlargement, according to a new analysis. Dubbed ‘One Belt, One Road,’ the plan to build rail, highways and ports will embolden China’s soft power status by spreading economic […]

Kunster: ZZZZZZZZZZZ….

Wake the fuck up! Today we turn from the sordid dumbshow of Election 2016 to the parlous mysteries of finance and economics behind our sick politics. Most of the commentary in the mainstream special needs news media is based on the incorrect notion that the current disposition of things is sure to continue and therefore […]

How to see new exports of US natural gas to the Middle East

In the last 30-40 years the Gulf region has been the world leader in the supply of energy. But now we are seeing gas supplies from the US to the Middle East. We dare to suggest that in the future the United States will only increase these supplies. With a request to comment on this […]

`Helicopter Money’ Is Coming to the U.S.

Several years of rock-bottom interest rates around the world haven’t been all bad. They’ve helped reduce government borrowing costs, for sure. Central banks also send back to their governments most of the interest received on assets purchased through quantitative-easing programs. Governments essentially are paying interest to themselves. Since the beginning of their quantitative-easing activities, the […]

The day when the oil wars started

The title of this video can be translated as “Deconstructing Energy.” It was prepared by UNED (Universidad Nacional de Educación a Distancia) in occasion of the international conference on peak oil held in Barbastro in 2014. The video is mostly in Spanish, but it starts with an interview in English with the modest me (Ugo […]

ISIS wants ‘loads of attacks in England, Germany & France’

A former Islamic State jihadist, German-born Harry Sarfo, has revealed that the terrorist group is actively seeking volunteers in Germany and the UK to carry out “loads of attacks at the same time in England, Germany and France.” Members of the far-reaching Islamic State’s (IS, formerly ISIS) intelligence service, called Emni in Arabic, allegedly told […]

Heinberg: You Can’t Handle the Truth!

Movie buffs will recognize this title as the most memorable line from “A Few Good Men” (1992), spoken by the character Colonel Jessep, played by Jack Nicholson (“You can’t handle the truth!” is #29 in the American Film Institute’s list of 100 top movie quotes). I hereby propose it as the subtext of the recently […]

Kunstler: Let the Games Begin!

Hot air balloons may be crashing in Texas, but in Philadelphia last week sainted Hillary, draped in spotless white privilege robes, floated through the glassiest ceiling of all on mighty gusts of saccharine gas. The good wife… the good mother… tireless fighter for the rainbow outcasts and gender martyrs of this patriarch-plagued republic, she pledged […]

Iraqi Kurdish Forces Retake Oil Field

Militants cause oil output of 175,000 barrels a day to halt Fires still burning at two tanks in Bai Hassan oil facility Kurdish Peshmerga forces in northern Iraq regained control of an oil field near Kirkuk, after Islamic State militants overran the facility, setting fire to two storage tanks and causing crude production of 175,000 barrels […]

Venezuela Implements ‘Forced Labor’

A new decree by Venezuela’s government could make its citizens work on farms to tackle the country’s severe food shortages. That “effectively amounts to forced labor,” according to Amnesty International, which derided the decree as “unlawful.” In a vaguely-worded decree, Venezuelan officials indicated that public and private sector employees could be forced to work in […]

Deal to open Libya’s Ras Lanuf and Es Sider oil ports

Ras Lanuf and Es Sider, shut since 2014, to resume exports after officials sign deal with armed group controlling them. Closure of oil fields resulted in sharp fall in state revenue [Darrin Zammit/Reuters] Libya’s UN-backed government has signed a deal with an armed brigade controlling the major oil ports to end a blockade and restart […]

ISIS Wants a Global Civil War

From the murder of a French priest to the slaughter of 80 Shia Muslims in Kabul, ISIS has one goal: to get states and the far-right to single out Sunni Muslims and create a spate of religious civil wars across the world. LONDON — Did anyone at the Democratic National Convention notice the slaughter of […]

Drop in the ocean: India’s strategic oil reserves unlikely to stir market

India’s initial plan to build-up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand. While New Delhi has not shown its full hand in revealing its intentions, the first reports that SPRs might provide 90 days of […]

Kunstler: The Odious Versus the Tedious

You thought the Republican convention was a ghastly spectacle of royal Trumpery (and Iago-style backstabbing featuring the arch-asshole Ted Cruz)? Now comes the Democratic Annunciation of I’m-With-Her-It’s-My-Turn, the incarnation of crony corruption in our late-state Republic of Racketeering. Remember that old movie, The Exorcist, with its demonic spewage of projectile vomit. Expect something like that […]

How Much Oil Is in Storage Globally?

SINGAPORE—The waterways surrounding this island nation have become home to one of the world’s biggest oil-storage sites. The problem: It is unclear how much oil is in the tankers anchored there. The historic fall in oil prices has created a pileup of inventories, much of it stashed in tanks in the U.S. and other industrialized […]

The US – Saudi Relationship Starts To Fray

We taste the spices of Arabia, yet never feel the scorching sun which brings them forth.   -Inscribed around the rotunda of the Jefferson Reading Room in the US Library Congress, above the figure of Commerce The long-overdue release of the classified 28 pages of a 2002 congressional inquiry into the 9/11 attacks represents the […]

The Rise And Fall Of The Petrodollar System

The Transition   “The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.” Ron […]

Saudi Arabia Declares Cease-Fire in Oil War

The new Saudi oil minister, Khalid Al-Falih, says the oil glut is over. That means the kingdom’s war against U.S. shale producers is coming to an end, too. Who won it is a tough question to answer; on balance, it’s probably the Saudis, but they have paid a huge price, and the surviving U.S. frackers […]

America’s biggest oil boom came under Obama

Donald Trump’s potential energy secretary took President Obama to task for trying to “destroy” the U.S. oil boom. Harold Hamm, a shale oil billionaire, gave a speech on Wednesday night at the GOP Convention arguing that Trump will become the first president to achieve American energy independence. “President Obama chose not to get it, and […]

Chilcot’s Blind Spot: Iraq War Report Buries Oil Evidence, Fails to Address Motive. Why did the UK go to War?

… Most important of these is oil. Buried in deep in volume 9 of the 2.6 million-word report, Chilcot refers to government documents that explicitly state the oil objective, and outlining how Britain pursued that objective throughout the occupation. But he does not consider this evidence in his analysis or conclusions. Oil considerations do not […]

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