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Update: Monday came and went, and here, courtesy of Bloomberg’s bullets, is what we got in terms of what amounts to a “draft of a draft”: Draft doesn’t refer to additional 3 billion euros for Turkey as had been requested EU leaders warmly welcomed additional proposals made by Turkey today to address migration issue Draft refers to […]Read More

The G-20 Shanghai summit was a dud; China’s People’s Congress fizzled (even if it unleashed the biggest iron ore rally in history, however brief); and so – in a month full of expectations for major policy stimulus (which have so far been vastly disappointing), we approach the one event that is most actionable: the ECB’s […]Read More

I think that it’s more than just the debt. Call me an empty-vault conspirasist, but the problem isn’t even the debt. After all, the debt is denominated in dollars, and those can easily, (relatively speaking), be whittled away by simply devaluing the dollar to the current amount of gold in the US depositories. But therein […]

Submitted by Mac Slavo via SHTFPlan.com, In 2011, as gold prices rocketed to $1900 and oil was trading above $120 a barrel, there were few analysts who saw anything but further gains. But Marin Katusa of Katusa Research had a different opinion. At a major commodity conference Katusa, to boos and jeers from the audience, […]

Submitted by Howard Kunstler via Kunstler.com, Beyond the Kubler-Ross maelstrom of denial, anger, depression, etc., besetting this spavined republic, lies the actual grief provoking it all — especially the shocking loss of national purpose embodied by the muppets and puppets onstage nightly vying to bring out the worst in us in an election season far […]

By now, the world is largely familiar with Chinese President Xi Jinping’s fabled “Tigers and Flies” campaign. Since taking office in 2013, Xi has embarked on an ambitious effort to root out party corruption and ensure that the directives passed down from on high in the Politburo are executed faithfully among the sprawling rank and […]

Submitted by Jeff Thomas via InternationalMan.com, Recently, Russian Foreign Minister Sergey Lavrov held a press conference with about 150 journalists from around the world, including representatives of the western media. Mister Lavrov was brief and concise; however, the question period lasted for some two hours. A breadth of topics was discussed, including the re-convening of […]

Following a modest revision to Japanese GDP (still -1.1% and recession-y) and with all eyes glued to China’s trade data, Chinese and Japanese stocks are not folowing the panic-buying short-squeeze-driven lead of US equities. Both are down hard in the early AsiaPac trading (with China down for the first time in six days post-G-20). It’s […]Read More

Earlier today, we explained why so-called “helicopter money” can’t save the world when ZIRP, NIRP, and QE have all failed to revive global demand and boost inflation. The reason: QE is helicopter money. That is, we’ve been doing this for 8 years and it hasn’t worked yet. Some readers were reluctant to buy this rationale, […]Read More

Submitted by John Whitehead via The Rutherford Institute, “That’s the way the ruling class operates in any society. They keep the lower and the middle classes fighting with each other… Anything different—that’s what they’re gonna talk about—race, religion, ethnic and national background, jobs, income, education, social status, sexuality, anything they can do to keep us […]Read More

The Ogun State Government said in a strongly worded statement on Monday that it was surprised by the decision of “a few, unpopular and misguided” workers in the state civil service to embark on a strike action on Monday, March 7, and urged them to return to work. The statement by the Secretary to the State […]

Woman Donates N10, 000 Pension To Support Buhari’s War Against Corruption – SimonAtebaNews 5 Shares Share Tweet Share Share Email Presidency Statement A pensioner, Mrs. Rose Arabameh Julius, has donated her entire monthly pension of Ten Thousand Naira to support the Buhari administration’s war against corruption. Mrs. Julius,  who retired as a cleaner from the […]Read More