Category: Economy

Paul Craig Roberts: The Rise Of The Inhumanes Submitted by Paul Craig Roberts, America’s descent into totalitarian violence is accelerating. Like the Bush regime, the Obama regime has a penchant for rewarding Justice (sic) Department officials who trample all over the US Constitution. Last year America’s First Black President nominated David Barron to be a …

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America – Good, Bad Or Ugly? Part 1: The Bad Submitted by Thad Beversdorf via FirstRebuttal.com, I wanted to start with The Bad and then move on to The Ugly so that I can end on a positive note with The Good. So over the past couple days I’ve read several articles in which someone …

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Former CIA Boss and 4-Star General: U.S. Should Arm Al Qaeda Former CIA boss and 4-star general David Petraeus – who still (believe it or not) holds a lot of sway in Washington – suggests we should arm Al Qaeda to fight ISIS. He’s not alone … As we’ve previously shown, other mainstream American figures …

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US & China Stocks Are Plunging After PMI Hits 6.5-Year Low, PBOC Strengthens Yuan Most Since Nov 2014 Following China's official PMI print at a 3-year low, Caixin's PMI collapsed to 47.3 – the lowest sinec March 2009. Despite another CNY150bn liquidity injection (but the biggest strengthening of Yuan since Nov 2014 and a financial …

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It Gets Even Uglier In Canada Wolf Richter   www.wolfstreet.com   www.amazon.com/author/wolfrichter The Province of Alberta, the epicenter of the Canadian oil bust, may be sliding into something much worse than a plain-vanilla recession. And it’s not exactly perking up the rest of Canada. Layoffs are already cascading through the oil patch, as companies are …

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Why The Great Petrodollar Unwind Could Be $2.5 Trillion Larger Than Anyone Thinks Last weekend, we explained why it really all comes down to the death of the petrodollar.  China’s transition to a new currency regime was supposed to represent a move towards a greater role for the market in determining the exchange rate for …

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We Are All Preppers Now Via The Mises Institute, Damian McBride is the former head of communications at the British treasury and former special adviser to Gordon Brown, erstwhile Prime Minister of the U.K. Yesterday he tweeted some surprising advice in response to the plunge in global equities markets.; Advice on the looming crash, No. 1: …

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Refugees Expose Europe's Lack Of Decency Submitted by Raul Ilargi Meijer via The Automatic Earth blog, I want to say something about the issue of the refugees -never ever again migrants- that are swamping Europe. So much has been said about them, and so much has happened since I made my first notes, but not …

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Western Democracy Is An Endangered Species On Its Way To Extinction Submitted by Paul Craig Roberts, The British Labour Party no longer represents the working class. Under UK prime minister Tony Blair, the Labour Party became a vassal of the One Percent. The result has been a rebellion in the ranks and the rise of …

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Meanwhile In Greece, Pension Funds Tap Emergency Loans This has not been a great year to be a pensioner in Greece.  Over the course of the country’s fraught bailout talks, Greece’s pension system was frequently in the troika’s crosshairs. As for PM Alexis Tsipras, pension cuts were generally considered to be a so-called “red line” …

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