ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 06 07:30

Poor countries’ debts at ‘crisis’ point

Apr 06 04:25

The Widening Gap Between Fantasy & Reality

Apr 05 17:16

US/China specialist: NZ shouldn't have to choose a side

"You shouldn't have to choose between a very profitable trading relationship with China and a strong political, military, security relationship with the US," says John Pomfret, author, journalist and specialist in US/China relations.

"If America puts you in a position of having to choose, that would be as much to their detriment as to New Zealand's detriment."

Pomfret, a fluent Mandarin speaker, has been reporting on China since the 1989 Tiananmen Square uprising.

A Washington Post correspondent for more than 20 years - including six as Beijing bureau chief - he was in New Zealand this week to speak at the Institute of Directors' annual leadership conference.

Apr 05 16:18

U.S clings to “regime change” fantasy by occupying Syrian territory and threatening economic Warfare

The West’s fantasy of Syrian regime change has not gone away, the strategy has changed course.
***
With the military situation largely frozen, the last two months have been marked mainly by developments involving the US – the ending of the ISIS caliphate in the US-controlled part of Syria, Trump’s U-turn over keeping US forces in Syria, and US recognition of Israel’s annexation of the Golan.

US policy

Ambassador James Jeffrey, the US special envoy for Syria, gave an under-reported press briefing on 25 March which made fairly plain the US strategy. Far from being sated with its demolition of ISIS and resigned to Assad’s ‘victory’, the US clearly clings to its desire to remove Assad and proposes to go about that through economic warfare and by maintaining a military presence using the pretext of ensuring the ‘enduring’ defeat of ISIS

>>>

(*and they say The Democrats can't let go !)

Apr 05 12:45

West Virginia Joins Growing Sound Money Movement — Six Other States Now Weighing Their Own Bills to End Taxes on Gold & Silver

By Jp Cortez

Before the ink could even dry on West Virginia Governor Jim Justice’s signature on a repeal of sales taxation on gold, silver, platinum, and palladium bullion and coins, legislators in Wisconsin and Maine introduced similar measures in their own states.

All told, 39 states have now reduced or eliminated sales taxes on the monetary metals, and Wisconsin, Maine, Kansas, Arkansas, Minnesota, and Tennessee are all actively considering bills of their own this month...

Apr 05 12:39

US must choose between Turkey and terrorists’: Ankara slaps Pence with counter-ultimatum

Turkey’s vice president said his US counterpart must choose between an alliance with a loyal NATO partner or siding with terrorists, after Mike Pence issued an ultimatum for Ankara to pick its F-35 jets over Russian S-400 systems.
“The United States must choose. Does it want to remain Turkey’s ally or risk our friendship by joining forces with terrorists to undermine its NATO ally’s defense against its enemies?” Vice President Fuat Oktay tweeted, in response to Mike Pence’s demands.

The Turkish official did not make clear what “terrorists” he was talking about. Ankara is at odds with Washington over the military support it provides to Syrian Kurdish militias which are designated as terrorist organizations in Turkey.

That aside, self-exiled Turkish cleric Fethullah Gulen, whose entity Turkey accuses of plotting the 2016 coup attempt, has found a safe haven in the US which also poisons relations between the two NATO allies.

Webmaster's Commentary: 

It appears that Pence has fully accepted his position as the Vice"merchant of death in Chief", when it comes to hawking US weapons systems other countries really don't want to buy.

But that he threatened Turkey in this very public way, is not going to get him any favors from Turkey, which may be thinking seriously about resigning their NATO membership, and that really poses a problem for NATO.

Because of it bordering both Europe and Central Asia, straddling the Black Sea and Mediterranean Seas, along with bordering Bulgaria; Iran; Syria; Cypress; Armenia and Georgia, Turkey is strategically vital to NATO's operations.

And I have to wonder; after a not so lustrous showing in Turkey's general elections, will NATO decide that Turkey needs a "regime change"?!? Were I Edrogan, I would want to think about this very, very carefully.

Apr 05 12:27

H.R.5404 - To define the dollar as a fixed weight of gold.

To define the dollar as a fixed weight of gold.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. FINDINGS.

Congress finds the following:

(1) The United States dollar has lost 30 percent of its purchasing power since 2000, and 96 percent of its purchasing power since the end of the gold standard in 1913.

(2) Under the Federal Reserve’s 2 percent inflation objective, the dollar loses half of its purchasing power every generation, or 35 years.

(3) American families need long-term price stability to meet their household spending needs, save money, and plan for retirement.

(4) The Federal Reserve policy of long-term inflation has made American manufacturing uncompetitive, raising the cost of United States manufactured goods by more than 40 percent since 2000, compared to less than 20 percent in Germany and France.

Apr 05 12:13

Netanyahu, Israel's 'King Bibi', in quest for fifth term

Jerusalem (AFP) - Prime Minister Benjamin Netanyahu's long domination of Israeli politics has earned him the nickname "King Bibi" but he now faces the twin risks of a strong political challenger in an April 9 election and possible indictment for corruption.

Should he win again for a fifth term in office, Netanyahu will be on track to surpass Israel's founding father David Ben-Gurion's record of more than 13 years in office.

But opinion polls show Netanyahu's right-wing Likud locked in a close battle with a centrist alliance led by former armed forces chief of staff Benny Gantz.

The attorney general has announced his intention to indict Netanyahu on fraud, bribery and breach of trust charges pending a hearing, which will be held after the election.

Netanyahu is not legally required to resign if indicted, only if convicted with all appeals exhausted, but political pressure would likely be intense.

Webmaster's Commentary: 

Should Netanyahu get re-elected, this is bad news for Israelis, Palestinians, and the world in general.

These corruption charges are not going away, no matter how Netenyahu tries to minimize them as "a misunderstanding".

He is now a cornered, politically wounded animal; and both people, and animals are at their nastiest when they are both cornered, and wounded.

Today is 5 April; the Israeli General Elections are this Tuesday, 9 April.

I wonder just what kind of a stunt he will pull, to try to create in a "further misdirection " away from those charges. And heaven knows, there are opportunities abounding in terms of what he might do, like a strike into Syria; the re-taking of Gaza at gunpoint; or an invasion of Lebanon.

Just color me very concerned about this coming weekend, and what he may try to do to get the Israeli voting public, voting for him, rather than Gantz.

Apr 05 12:10

Saudi Arabia ready to ditch petrodollar as ‘nuclear option’ to stop NOPEC bill – reports

Saudi Arabia is reportedly threatening to sell its oil in other currencies if the US passes a bill permitting antitrust lawsuits to be filed against OPEC members in US courts, a move which would decimate the tottering petrodollar.

If the US infringes on OPEC states' sovereign immunity and greenlights lawsuits for antitrust violations, energy officials in Riyadh are prepared to sell their oil in other currencies, according to multiple sources familiar with Saudi energy policy, one of whom told Reuters the threat has already been communicated to high-ranking US energy officials.

Apr 05 12:02

Libyan strongman Haftar orders troops to move on Tripoli

Eastern Libyan commander Khalifa Haftar has ordered his troops to move on the capital Tripoli, seat of the UN-backed government of Prime Minister Fayez al-Sarraj.
In an audio address broadcast to his troops and published on Facebook, Haftar ordered all army units to “advance to Tripoli,” and free the capital from “militias and terrorists.” The Thursday address came hours after Haftar’s forces captured the town of Gharyan, 100km south of the capital.

Haftar also vowed to protect foreigners, civilians and those surrendering to his troops, promising to ensure their “safety and security.”

Drone-filmed footage shows scores of Haftar's Libyan National Army (NLA) vehicles en route to the capital, most of them machine-gun-armed 'technicals.'

Webmaster's Commentary: 

Looks like the US-ordered assassination of Gaddafi, has caused this country to spin completely out of control, much to the US government's embarrassment.

So what are they going to do with Khalifa Haftar, order an "Assassination 2.0" on the guy?!?

Apr 05 11:57

Liberal Dark Money Group to Receive Private Briefing From House Dem Jerrold Nadler

Democracy Alliance holds private gathering at luxury Austin hotel, plots nearly $300 million in new political spending.

AUSTIN—The largest donors on the left will be given a private briefing on investigations into President Donald Trump by House Judiciary Committee chairman Jerrold Nadler (N.Y.) during a secretive Texas gathering this week, according to documents obtained exclusively by the Washington Free Beacon.

The Democracy Alliance, a group of millionaire and billionaire funders of the liberal movement, is holding its Spring Partner Retreat and Strategy Conference at the Four Seasons hotel in Austin, where security has been patrolling the meeting areas since Wednesday. As always at the group's secretive meetings, all programming is off the record and closed to members of the media.

Webmaster's Commentary: 

What is next, Judiciary Chair Nadler, is for the Dementocrats deciding to do something constructive for the people who elected you into office.

You have the job sir, that's what your constituents hired you to do; now, let's see a little delivery for those you represent, rather than this horrific plunge into toxic, "Gotcha!" politics!!

Apr 05 11:43

AUSSIE SENATE RUSHES THRU BILL THAT WOULD FINE SOCIAL MEDIA COMPANIES FOR NOT TAKING DOWN 'ABHORRENT' CONTENT FAST ENOUGH

Following the Christchurch mosque shooting, the New Zealand government swiftly declared footage and photos of the shooting illegal and started rounding up citizens who violated the censorship body's new declaration. The government of its closest neighbor has responded to the tragedy in a similar fashion, outlawing the sharing of "abhorrent violent material."

Tragedies make for bad laws. And Australia -- while relatively short on tragedy -- has been crafting some supremely bad laws lately. The national security flag was waved around a bit to justify encryption-breaking mandates. Now, the government has rushed through a bill targeting content like the Christchurch shooter's livestream of his violent act.

Webmaster's Commentary: 

I'm sorry; but how will this law define "not taking down quickly enough", in a moment when the horrific images are live-streamed?!?

My deepest sympathies for those who got killed or maimed in this brutal assassination; but there is something about this which just doesn't pass the
smell test for me, and I am not quite sure what.

But here is a companion piece about this legislation:

After Christchurch shooting, Australia doubles-down on being stampeded into catastrophically stupid legislation.

Apr 05 11:36

The World’s Cheapest Natural Gas

Apr 05 11:20

What Greece And Venezuela Can Teach Us About Minimum Wage Laws

By Jon Miltimore

States across America are increasing the minimum wage. This is bad policy for numerous reasons, but the movement nonetheless appears to be gaining steam.

Eighteen states began 2019 with new minimum wage laws. Several more passed legislation in 2019, including Maryland, where legislators overrode a veto to pass a $15 minimum wage. McDonald’s, perhaps reading the landscape, recently announced it will no longer lobby against mandated increases in workers’ pay.

The reasons for this aren’t hard to divine. Minimum wage increases are lousy policy—violating the rights of employers and workers while denying the most vulnerable in society the dignity of work—but they are great politics...

Apr 05 10:54

Entrepreneurs: Changing The World Through Business

By Per Bylund

Politics is hardly an effective force for bringing about positive change in society. Instead, real change, and especially such that changes people’s lives for the better, comes from elsewhere. It comes from business, and specifically from innovators, entrepreneurs, and pioneers in the market. And very often it does so despite politics and the state — or even in direct conflict with it.

Apr 05 10:50

TSA PLANS TO PUT NEW LYING SIGNS IN AIRPORTS

According to a press release issued today by the Transportation Security Administration, the TSA plans to start posting signs as shown above in airports throughout the USA, claiming that “ID Requirements Are Changing” and that “Beginning Beginning October 1, 2020, you will need a REAL ID compliant license or another acceptable form of ID, such
as a valid passport or U.S. military ID, to fly within the U.S.”

According to today’s TSA press release:

REAL ID-compliant licenses or other acceptable forms of ID, such as a valid passport, federal government PIV card or U.S. military ID, will be mandatory for air travel beginning on October 1, 2020. Critically important, on October 1, 2020, individuals who are unable to verify their identity will not be permitted to enter the TSA checkpoint and will not be allowed to fly.

These signs and this and similar press releases are lies.

Webmaster's Commentary: 

As some of you may know, my late Dad, Spencer, was an aircraft instrument mechanic, with whom his employer always had what I would describe as a "love/hate relationship", because dad NEVER signed off on the air-worthiness of an instrument before it went back on a plane, unless the instrument calibrated out perfectly.

That meant that the place's departure would be delayed, which infuriated his employer,but Spencer wanted to make sure that every instrument on which he signed off, was perfect.

When I was a kid, I used to love to fly, because I believed that every aircraft instrument mechanic took his job as seriously as did my Dad.

But since the TSA got its talons around air travel, I absolutely dread it.

Terrorist, me?!? NO ONE in their right mind would ever have that opinion of me, if they got to know me.

As a Christian pacifist activist I want to see the ending of wars as a means of settling international disputes, not more of them, thank you very much.

But this has been a paradigm shift in American culture, that when one travels, one is presumed "guilty until proven innocent", harking back to Code Napoleon.

As a thinking Christian, and someone who cares about the future trajectory of both US foreign and domestic policies, I abhor this shift in American values.

Apr 05 10:47

Name the State

By Jeffrey A. Tucker

The number one problem of all public debate about politics and economics is the failure to name the state. If this would change, so would public opinion.

There is no shortage of examples. People talk about health care for all, solving climate change, providing security in old age, universal educational access, boosting wages, ending discrimination, and you can add to the list without end. That’s one side.

The other speaks of national identity, protecting jobs, making us more moral, forming cultural cohesion, providing security against the foreign enemy, and so on.
Obfuscation

All of this, no matter how fancy the language, is obfuscation...

Apr 05 10:25

Jobs Narrative Continues To Be Bullshit

Apr 05 04:56

The Japanification of the World

Apr 05 03:52

Manhattan Home Sales Dip to 2008 Levels

Apr 04 19:23

Monopoly Power Is Growing In Response To Sustainable Development

By Patrick Wood

The International Monetary Fund says that the reason for growing market concentration is unclear. Unclear? Really?...

Apr 04 15:39

Trying To Be Consistently “Not Stupid”

Apr 04 13:52

Breaking: Trump to Name Herman Cain to Federal Reserve…

Full details here - Just hit the wires...

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Apr 04 13:05

What The Next Recession Will Look Like

Apr 04 12:41

Basel III – IMF – Liquidity Crisis

Apr 04 11:55

Danielle Park – The Cycle is Heading Down

Apr 04 11:35

EU to deploy customs controls immediately after no-deal Brexit – Moscovici

The European Union’s top economics and tax official said on Wednesday the risk of a no-deal Brexit on April 12 is increasing. “The EU customs code would apply to all goods arriving from the UK,” Reuters quoted the EU’s Economic Affairs and Tax Commissioner Pierre Moscovici as saying. “If there is a no-deal scenario, new customs controls would have to be introduced,” the official said. “That does not mean we would systematically check every single… lorry,” according to Moscovici. “We would be controlling goods on the basis of risk analysis.”

Apr 04 10:59

White House Aide: US to Pump Money Into Venezuela After Regime Change

In a special briefing for the Christian Science Monitor, President Trump’s top economic adviser Larry Kudlow revealed that the administration is already working with banks internationally in plans to greatly increase US investment in Venezuela if there is a regime change.

President Trump has demanded immediate regime change, with Venezuela’s president to be replaced by their opposition leader, who is seen as more pro-US. Kudlow says there is a “Day Two” plan to see huge influxes of cash if and when that happens.

This is in keeping with the Trump Administration’s belief that it can effectively shut down the economy of a disobedient nation, and then miraculously turn things around at a moment’s notice once they comply.

Webmaster's Commentary: 

Forgive me, please, but WHAT THE HELL ARE THESE PEOPLE THINKING?!?

Juan Guaido cannot seem to muster any significant popular support; in fact, he has been physically attacked by Maduro supporters; the military is still loyal to Maduro, and I cannot imagine how this guy is going to pull off a "regime change" in Venezuela, particularly now with the presence of both Russian and Chinese troops.

Am I missing something here, other than the utterly hubristic thinking of those in the bowels of power in DC?!?

Apr 04 10:51

House Votes to End US Military Involvement in Yemen War

After voting down a Republican motion to recommit, the House of Representatives voted on Thursday to pass S.J. Res 7, the Senate version of the War Powers Act challenge to US involvement in the war in Yemen. The vote was 247-175-1.

This Senate passed this resolution in March, and sends the resolution to President Trump, who has threatened to veto it. So far it appears unlikely that Congress will be able to override such a veto.

Both House votes on Yemen ran heavily along party lines. The War Powers Act requires any US war to be approved by Congress, and the resolution notes that Congress never authorized any such war in Yemen.

The administration has argued that the four years of war in Yemen technically don’t count under the War Powers Act, sometimes overtly lying about the extent of US involvement in Yemen, and other times arguing that support fo the Saudi-led war is obligated because of arms sales to them.

Webmaster's Commentary: 

Sorry, President Trump, but, to paraphrase Gertrude Stein: "a war is a war is a war", and Congress was left with no choice, until this legislation was passed.

President Trump will, predictably, veto this; after all, he can't let one of his BFFs in the Middle East, The Butcher of Yemen, down, both in terms of providing US military assistance and "guidance" to Saudi mercs and military, and the weapons they are gobbling up, to use to create a genocide in Yemen.

I was wrong about President Trump, in a number of significant ways, as were others who nominally supported his candidacy over that of Hillary Clinton's; but perhaps, one of the most depressing was discovering that his presidency was going to "gift" the world with his presence as "America's Merchant of Death in Chief."

I think history will judge him very harshly on that issue.

Apr 04 10:23

Trump To Give China Until 2025 To Commit To Trade Deal

With 4 minutes to go before the close of trading and stocks within spitting territory of red for the day, someone had to take control of "price discovery" and with the FT's street cred already used up after it's "90% done" report last night, it was up to Bloomberg to preserve the "trade talk optimism" which it did when it reported fresh details on the ongoing trade deal being finalized (and we use the term loosely) between the US China, which according to Bloomberg source would give Beijing until 2025 to meet commitments on commodity purchases and allow American companies to wholly own enterprises in the Asian nation.

Webmaster's Commentary: 

Absoflippinglutely unbelievable.

Apr 04 10:21

Belt-And-Road Initiative In Full Swing In Europe

Authored by Federico Pieraccini via The Strategic Culture Foundation,

The multipolar transformation that is occurring across the Eurasian continent confirms the industrial and diplomatic cooperation between China and the European continent in spite of strong opposition from the United States.

Xi Jinping's visit to Europe confirms what many of us have been writing about over the past few months and years, namely, the reality of an ongoing global transformation of a world dominated by the United States to a pluralistic one composed of different powers collectively shaping a multipolar world.

Europe therefore finds itself in fortuitous position, balanced as it is between its old world links to the United States on the one side and the fledgling Eurasian one being ushered in by Russia and China on the other.

Webmaster's Commentary: 

Unfortunately, when it comes to global economics, and the advantages of cooperating with such economic evolutions, it appears that President Trump cannot see the forest for the trees; hence, there will be more financial pain for American sellers of goods and services (particularly our farmers, who have been doubly devastated by tariffs, and the monumental storm damage in the Central part of the country, which is prime farming country).

Unfortunately, President Trump's "vision" on his financial path for this country, will inevitably lead to financial ruin, be it from economic collapse, or more wars.

Apr 04 10:14

Global Trade Growth Slashed Again As Trade Tensions Persist

The World Trade Organization published a new report that shows world trade is projected to "face strong headwinds" into 2020.

"It is increasingly urgent that we resolve tensions and focus on charting a positive path forward for global trade which responds to the real challenges in today's economy – such as the technological revolution and the imperative of creating jobs and boosting development. WTO members are working to do this and are discussing ways to strengthen and safeguard the trading system. This is vital. If we forget the fundamental importance of the rules-based trading system we would risk weakening it, which would be a historic mistake with repercussions for jobs, growth and stability around the world," Azevedo said.

Apr 04 10:12

An Open Letter To The UK Prime Minister (From One Of The Seventeen Million)

The main argument put forward by the Treasury etc against Brexit has been the potential economic damage which may or may not be accurate.

What is fact however is that, according to the U.S. Federal Reserve Bank – the most important central bank in the world – U.K. total factor productivity growth has fallen from 3.84% in 1973 – (2.88% per annum in the 10 years ending 1973) – to 0.14% in 2016, the most recent data, and negative 0.17% per annum in the 10 years ending 2016. Based on the difference between the 10-year average up to 1973 and the subsequent growth, productivity is just 43% of the size it would otherwise have been. Whilst an opportunity cost rather than a real loss of wealth, the damage is all too clear.

The data gets worse. Even stripping out the 2008 and 2009 crisis years, the last 20 years of productivity is the worst since the 20 years ending 1922 which obviously encompassed WW1 and the enormous loss of capital funding the war.

Apr 04 10:08

Brink Of War: Pakistan On High Alert, Indian Military Ready To Strike

The situation at the LoC (Line of Control) between India and Pakistan remains critical, as both countries are ready for an all-out conflict, reported Sputnik.

"There is a difficult situation with India. We wish for de-escalation and are taking steps for this. The situation like the prime minister [Imran Khan] said remains on alert", Pakistan's Foreign Office spokesman Dr. Muhammad Faisal said in a television report earlier this month.

Prime Minister Narendra Modi on Tuesday held meetings with National Security Advisor Ajit Doval and military commanders, over its "readiness to initiate war against Pakistan," India TV News reported.

Webmaster's Commentary: 

To the Adults in the Room of Geopolitics, (and you know who you are, gentlemen; President Putin and Foreign minister Lavrov); I am hoping and praying,for a Russian intervention here to start to defuse this situation; otherwise, we are looking at two nuclear-armed nations creating the start of a nuclear Armageddon.

Pakistan is aligned with China, in terms of developing its military capabilities Pakistan's new generation of Chinese warships, and India is aligned with the US government US, India sign a military logistics treaty, 2016

Please remember that World War I happened in large measure, because of military and diplomatic treaties, Europe in 1914; first World War alliances explained

To the leadership of both India and Pakistan, please; this potentially coming war, as a way of settling old scores, will put the entire planet in peril.

I am respectfully and sincerely, asking both of you, to stand down, and find a way of resolving your differences without firing a single shot. You CAN do this; but the question is, will you?!?

Apr 04 09:49

Ethiopian Investigators Demand Review Of Boeing 737 Max Flight Control System: Full Report Released

Update (1205ET): Boeing issued the following statement regarding the release today of the preliminary investigation report of Ethiopian Airlines Flight 302 by the Ethiopian Accident Investigation Bureau (AIB).

"I'd like to reiterate our deepest sympathies are with the families and loved ones of those who lost their lives in the accident," said Boeing Commercial Airplanes President and CEO Kevin McAllister.

"We thank Ethiopia's Accident Investigation Bureau for its hard work and continuing efforts. Understanding the circumstances that contributed to this accident is critical to ensuring safe flight. We will carefully review the AIB's preliminary report, and will take any and all additional steps necessary to enhance the safety of our aircraft."

Webmaster's Commentary: 

I'm sorry, but all the apologies and excuses claptrap Boeing is trying to sell here, will be of very cold comfort to those who have lost friends and family because of a known flaw in the plane's system.

All the Boeing executives who knew this flaw existed, but hurried its development out the door while crossing their collective fingers, should be tried by jury, and if found guilty, should be doing hard time at a NON "Club Fed."

This should never happen again, period, end of discussion.

Apr 04 09:42

Saudi Nuclear Facility Near Completion According To Satellite Photos

Saudi Arabia has nearly completed its first nuclear reactor according to satellite photos of the facility published by GoogleEarth, which reveal a "columnar vessel that will contain atomic fuel," according to Bloomberg.

Located in the southwest corner of the King Abdulaziz City for Science and Technology in Riyadh, the new facility has raised concerns in the West - as the Saudis have yet to sign up to the international framework of rules adhered to by other nuclear powers in order to prevent civilian atomic programs aren't used to develop weapons. Nuclear fuel providers, meanwhile, cannot legally supply the new reactor until modern surveillance arrangements have been reached with the International Atomic Energy Agency in Vienna.

Webmaster's Commentary: 

Dear LORD, tell me no!!! And President Trump is ready to sign off on a transfer of nuclear technology here?!?

President Trump Rushing to seel Saudi Arabia Nuclear Technology

Mr. President, forgive me, but of all the ham-fistedly, pig-headedly stupid things you could do in your Presidency to date, this one is most probably one of the worst, and most vile things that you could have possibly promised Saudi Arabia and it's leadership.

President Trump, I assure you that no matter the promises the Butcher of Yemen has made to you, your BFF Saudi Prince Mohammed Ben Salman, about signing on to norms and protocols, and signing the NNPT (which, BTW, Iran has done, but, of course, not Israel), you, in this action, are signing the death warrants of potentially thousands of people in the Middle East and beyond.

Please do not think that once they have the technology, that Saudi scientists are NOT going to be creating nuclear weapons, rather than nuclear energy with which to run their country.

I stand gobsmacked and amazed at your total blindness in not seeing this, sir; this is an horrific idea, writ large.

Apr 04 09:07

China, The Accidental European Power – get used to it

The past three years have seen increasingly vocal European criticism of China’s involvement in the continent. This culminated in March with the European Commission’s designation of China as a systemic rival

What is behind such hostility? Is it China’s growing global footprint through its gargantuan “Belt and Road Initiative”? Is it Beijing’s bonhomie with the countries of Central and Eastern Europe?

Of all the factors that explain European wariness, the underlying one is the realisation that China is here to stay. What is peculiar, however, is that China’s rise as a power in Europe came by accident, rather than design.

>>>

(*you don't need me to tell you what needs doing , here , do you ?)

Apr 04 08:58

Capital is a Mystery to Alexandria Ocasio-Cortez

By Mark Brandly

We all know that Alexandria Ocasio-Cortez is dominating the political news with her demands for socializing the economy. Bob Murphy has explained that her Green New Deal “makes no sense on economic grounds” and even for Keynesians it “ would be nonsensical to implement such a program today.” Given the inanity of the Green New Deal, I would like to propose a course of study for Ocasio-Cortez...

Apr 04 08:57

Is Soros Seeking To Ruin Trump's Economic Rise Through Green New Deal?

Authored by Ekaterina Blinova via SputnikNews.com

Hungarian-born American billionaire George Soros and other globalist investors are highly interested in financial crises, and are therefore keen to support the Green New Deal advocated by economically illiterate politicians including Maxine Waters and Alexandria Ocasio-Cortez, Wall Street analyst Charles Ortel told Sputnik.

On 2 April, President Donald Trump harshly criticised the Green New Deal, which was rejected by the Republican-led US Senate on 26 March, by saying that it was "done by a young bartender" in a reference to Congresswoman Alexandria Ocasio-Cortez.

Speaking to Sputnik, Charles Ortel, a Wall Street analyst, investor, and investigative journalist, explained why the initiative has triggered a heated debate and what risks it is fraught with.

Webmaster's Commentary: 

I find myself engaged with Alexandria Ocasio-Cortez' energy, but abhor her sloppy math and science, and an almost pathological inability to reason. (she must be a Common Core graduate, but..I digress!)

But sloppy math and science, coupled with that pathological inability to reason, are what investors like Soros love, because they understand just what that sloppy math, science, and an inability to reason will actually create, which is the polar opposite of a "Green New Deal", and understand how to bet against it financially.

Apr 04 08:44

The End Of The Bull Market, In Three Charts

Apr 04 08:40

Russia adds $2.4 billion to its foreign exchange reserves in one week

Russia’s foreign exchange reserves rose to $489.5 billion in the last week of March, increasing 0.5 percent or $2.4 billion in seven days, the Central Bank of Russia has announced.

The gains soared thanks to proceeds from issuing international sovereign bonds, purchases of foreign currencies, and gold monetization, the regulator said in a statement on Thursday.

Apr 04 04:00

FedEx’s Report Confirms Recession Fears

Apr 03 19:27

One Big Tip for Huge Economic Growth

Apr 03 15:55

London Property Market

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