Margolis: Who Was Really Behind 9/11?

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Margolis: Who Was Really Behind 9/11? Authored by Eric Margolis, A large number of Americans still don’t believe the official version of the 9/11 attacks on New York and Washington. I am one of them. The government and tame media version – that crazed Muslims directed by Osama bin Laden attacked New York’s twin towers… Read More

Insane And Ill-Advised: Trump's Future War With Iran, Part 1

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Insane And Ill-Advised: Trump’s Future War With Iran, Part 1 Authored by US Army Major (ret. Danny Sjursen via The Future of Freedom Foundation, It’s an inconvenient truth: the president of the United States has no coherent foreign policy. Period. At times Donald Trump talks sensibly about pulling out of quagmires in Syria and Afghanistan,… Read More

Michigan Could Be In A Recession In Next Couple Months

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Michigan Could Be In A Recession In Next Couple Months According to a new LendingTree study, Michigan has the highest probability of entering an economic downturn later this year.  The study warned that Michigan, Hawaii, and Montana have the highest risks of a recession. The highest, however, is Michigan, with a 58.86% probability of a recession… Read More

There's Nothing Natural About Socialism

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There’s Nothing Natural About Socialism Authored by Allen Gindler via The Mises Institute, The socialist idea has many forms and flavors; however, one can observe three main paths toward socialism. They are the socialization of the means of production, wealth redistribution, and collectivization of consciousness. Different socialist movements use these three approaches to varying degrees.… Read More

Yuan Extends Losses After China Macro Data Disappoints

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Yuan Extends Losses After China Macro Data Disappoints The world’s brief infatuation with the idea of green shoots, or that a recession may be avoided, suffered a head on collision with reality after the latest dismal China data dump which was nothing short of a disaster for the econo-bulls. In retrospect, it was all too… Read More

Pakistan Warns Of "Accidental War" With India On Line Of Control

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Pakistan Warns Of “Accidental War” With India On Line Of Control Pakistan’s foreign minister Shah Mehmood Qureshi warned last week that the situation on the Line of Control (LoC) in the Jammu and Kashmir region continues to deteriorate and risks sparking an “accidental war,” reported the Hindustan Times. Qureshi was speaking on the sidelines of the… Read More

Our Energy And Debt Predicament In 2019

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Our Energy And Debt Predicament In 2019 Authored by Gail Tverberg via Our Finite World blog, Many people are concerned that we have an oil problem. Or they are concerned about recession and the need to lower interest rates. As I see the situation, we have a problem of a networked economy that is not… Read More

Trump Preparing To Hit EU With Billions In Tariffs: Report

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Trump Preparing To Hit EU With Billions In Tariffs: Report Washington is reportedly preparing to announce tariffs on billions of euros of goods from the European Union, following a confidential decision by the WTO that was just handed down on Friday,  Politico reports, citing four anonymous EU officials. According to these officials, the WTO ruled… Read More

PRESS DIGEST-British Business – Sept 16

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Sept 16 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times The Financial Conduct Authority failed to alert investors when it discovered an alteration to the city regulator’s own public register gave the false… Read More

Aussie Government "Cash-Back"-Scheme Fails To Inspire Confidence

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Aussie Government “Cash-Back”-Scheme Fails To Inspire Confidence Authored by Mike Shedlock via MishTalk, Australia gave “cash back” in July to those making up to $126,000. The move failed to inspire consumer confidence. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Tax Refund Scheme In July, the government of Australia concocted a $1080 Tax Refund Scheme. The maximum offset of… Read More

"Liquidity Dies In Darkness": Trillions In Assets Have No Financial Disclosure To Support Them

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“Liquidity Dies In Darkness”: Trillions In Assets Have No Financial Disclosure To Support Them While there has been extensive discussion of the passive/ETF/index fund bubble, most recently by Michael “Big Short” Burry, who most recently joined the parade of skeptics warning of the implicit and explicit dangers the passive investing bubble carries with it, perhaps… Read More

It's A New World Order, Alright

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It’s A New World Order, Alright Authored by Raul Ilargi Meijer via The Automatic Earth blog, Those winds just keep on shifting, no matter that the western press either doesn’t see them shift, doesn’t recognize them for what they are, or chooses to ignore them. But these winds bring tidings of a tectonic plate-shaking shift… Read More

Oil Explodes 20% Higher, Biggest Jump On Record

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Oil Explodes 20% Higher, Biggest Jump On Record With traders in a state of near-frenzy, with a subset of fintwit scrambling (and failing) to calculate what the limit move in oil would be (hint: there is none for Brent), moments ago brent reopened for trading in the aftermath of Saturday’s attack on the “world’s most… Read More

Declassified Satellite Images Reveal It Would Take "Months" To Fix Saudi Oil Facility

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Declassified Satellite Images Reveal It Would Take “Months” To Fix Saudi Oil Facility And there it is, moments before oil markets open: upon the US release of declassified satellite images showing precision strikes on critical spheroids at the world’s largest oil processing facility at Abqaiq one market analyst alarmingly writes, “We think this is a months fix,… Read More

QE, Monetization; Just Symptoms. What Of The Disease?

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QE, Monetization; Just Symptoms. What Of The Disease? Authored by Chris Hamilton via Econimica blog, Summary This week, the Federal Reserve added another $6 billion to their Treasury holdings and maintained their MBS holdings. Interestingly, Bank Excess Reserves held at the Federal Reserve continue to tumble, down by $25 billion this week.unmatched by balance sheet… Read More