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Nigeria’s Oil Falls 21,000 bpd As Eni Declares Force Majeure A combined team of Nigeria Civil Defense Corps, Navy, and Army have found bodies of three Agip staff members killed during an ambush by militants in the Nembe creeks of Bayelsa State. The ambush took place on Wednesday at an Agip work station in the […]

An ongoing investigation has revealed that the Nigerian Prisons Service, under the leadership of the Controller-General Ahmed Ja’afaru and Minister of the Interior Abdulrahman Dambazau, has hired around 538 recruits without following established laws for public recruitment exercises. This latest finding follows similar illegal employment schemes by the Central Bank of Nigeria Governor Godwin Emefiele and the […]Read More

US election 2016: Hillary Clinton and Donald Trump rack up early wins Presumptive Republican nominee Donald Trump called for charges to be filed against Democratic candidate Hillary Clinton Saturday after the former secretary of state met with the FBI regarding the agency’s investigation into her use of a private email server for official correspondence. “It […]

Submitted by Claire Bernish via TheAntiMedia.org, As a species, humans tend to behave as a herd, following one another in opinion and action — whether or not the consequences for doing so are dire. Of course, politicians and others holding seats of power, fully cognizant of the opportunities provided by this herd mentality, deftly manipulate […]

Despite the rapid central-bank-inspired decline in short-term risk momentum, there is no doubt in BofA’s mind that the world is a riskier place following the UK’s decision to leave the EU. Hence, they warn, the chances for additional critical stress events as Brexit unfolds remain high, and given the critical role of central banks in […]

Authored by Bonner & Partners’ Bill Bonner (annotated by Acting-Man’s Pater Tenebrarum), Sliding Into Absurdity Stock markets continued their rebound to almost erase all Brexit losses. London’s FTSE 100 Index is above Brexit levels but Europe’s equivalent of the Dow, the Euro Stoxx 50, remains lower. No wonder the Dragon and his partners in crime […]Read More

While mom and pop investors and BTFDers (if not so much hedge and mutual funds and other “smart money“) have been delighted by the latest V-shaped surge in stocks, it has come as we have repeatedly shown… … at the expense of collapsing long-term yields as another central bank liquidity tsunami is priced in. In […]

Submitted by David Stockman via Contra Corner blog, The Eccles Building trotted out Vice-Chairman Stanley Fischer yesterday morning. Apparently his task was to explain to any headline reading algos still tracking bubblevision that things are looking up for the US economy again and that Brexit won’t hurt much on the domestic front. As he told his fawning CNBC hostess:  “First of all, […]Read More

As the middle class erodes in the US, we have pointed out the many things that have continued to financially squeeze what is left of The American Dream out of the average joe, from rent becoming increasingly unaffordable to healthcare premiums exploding higher. We now have another expense that is taking a toll financially on […]

Submitted by Jacob Hornberger via The Future of Freedom Foundation, In its reporting on Brexit, the New York Times asks an interesting question: “Is the post-1945 order imposed on the world by the United States and its allies unraveling, too?” Hopefully, it will mean the unraveling of two of the most powerful and destructive governmental […]

As China continues to weaken the Yuan, it’s important to note the impact that it has on the inflation expectations of other economies, namely the US, Japan, and Europe. As central planners aggressively try to boost inflation, and in the meantime have created a stunning $11.7 trillion in negative yielding debt, China could be hindering […]

Submitted by Mac Slavo via SHTFPlan.com, Call it conspiracy theory, coincidence or just bad luck, but any time someone is in a position to bring down Hillary Clinton by testifying they wind up dead. In fact, there’s a long history of Clinton-related body counts, with scores of people dying under mysterious circumstances. Perhaps the most […]