ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 03 05:45

The Gold Maginot Line Will Soon Break

May 03 04:54

The Economy's Magic Carpet Ride

May 02 14:39

'There's needles on the beach and poo all over the sand': Sex Pistol Johnny Rotten rails against homeless anarchy in LA

Sex Pistols rocker Johnny Rotten is crying foul about the Los Angeles homeless crisis that has gripped his swanky neighborhood of Venice Beach.

The 63-year-old punk icon says his multi-million dollar home has been vandalized and that his publishing heiress wife is 'struggling to cope' with the surge of 'vagrants' in the area.

'They moved in en masse. They're all young, they're all like 24,' Rotten ranted to Newsweek reporter Paula Froelich, the The New York Post reported.

The frontman, whose real name is John Lyndon, added: 'They're aggressive, and because there's an awful lot of them together they're gang-y.'

May 02 14:21

FOR LOWER-PAID WORKERS, THE ROBOT OVERLORDS HAVE ARRIVED

It's time to stop worrying that robots will take our jobs -- and start worrying that they will decide who gets jobs.

Millions of low-paid workers' lives are increasingly governed by software and algorithms. This was starkly illustrated by a report last week that Amazon.com tracks the productivity of its employees and regularly fires those who underperform, with almost no human intervention.

May 02 12:47

Stephen Moore out of Fed contention

Economic commentator Stephen Moore has withdrawn his name from consideration for a seat on the Federal Reserve Board of Governors, President Donald Trump tweeted on Thursday.

"Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process. Steve won the battle of ideas including Tax Cuts and deregulation which have produced non-inflationary prosperity for all Americans. I've asked Steve to work with me toward future economic growth in our Country," Trump wrote of Moore, who served as a former 2016 campaign adviser.

May 02 12:25

No Inflation My Fat Ass!

May 02 11:11

Will Social Security Exist in 2021?

May 02 10:56

POSTMASTER WARNING: THE UNITED STATES POSTAL SERVICE IS IN A “DEATH SPIRAL”

The United States Postal Service (USPS) is in a “death spiral” as it fears it will run out of cash by 2024. The postmaster general warned Tuesday that unless major changes are made to the model politicians set up to fail, the USPS will be unable to remain solvent.

The USPS has had dwindling revenue for years, even though they deliver to about 1 million new addresses each year. Most of the reason why is because private companies, such as UPS and FedEx are offering services the post office cannot. Competition in the marketplace will lower the costs, but public services can’t compete with private ones (because bureaucracy is expensive), and historically, are disasters waiting to happen.

May 02 10:51

California’s population growth is the slowest in recorded history

California’s 2018 population growth was the slowest in state history, new demographic data show — underscoring shifting immigration patterns, declining birthrates and economic strains that are making it harder for some to afford living here.

The state added 186,807 residents last year, bringing the estimated total population to 39,927,315 as of Jan. 1, according to estimates released by the state Department of Finance on Wednesday. The overall growth rate slipped to 0.47% last year from 0.78% in 2017, the slowest since data collection started in 1900, department spokesman H.D. Palmer said.

Births in the state were down by more than 18,000 compared with the previous year.

May 02 10:31

Warren Buffett Bets Big On Dubai Real Estate As Market Dumps

Warren Buffett’s Berkshire Hathaway announced Sunday it would expand its brokerage operations into Middle Eastern markets by opening Berkshire Hathaway HomeServices Gulf Properties, reported Reuters.

The new unit will be led by Chairman Ihsan Husein Al Marzouqi and Chief Executive Officer Phil Sheridan. The team will consist of 30 advisers and support staff, according to a company statement. "Gulf Properties aspires to grow quickly by tripling its advisor count and opening a second office in Abu Dhabi within a year," it said.

May 02 10:25

Global Gold Demand Gains In Q1, 2019: Central Banks Buy Gold Bullion and ETFs See Inflows

Democrats claim the Trump White House does not have much interest in preventing Russians from interfering in future U.S. elections, but claim the previous administration did all it could to stop Russia from meddling in the 2016 presidential election.

Immediately before Attorney General Bill Barr testified before the Senate Judiciary Committee on Wednesday, President Donald Trump tweeted his criticism of former President Barack Obama regarding the matter, asking him why he did not do more.

Webmaster's Commentary: 

So why is the price of gold falling?

May 02 09:39

U.S. may have to stop borrowing later this year: Treasury

The U.S. government will have to stop borrowing money between July and December if Washington doesn’t agree to raise a legal restriction on public debt, the Treasury Department said on Wednesday.

Hitting that so-called “debt ceiling” could trigger a U.S. default on its debt and an immediate recession, a risk that has become a regular facet of U.S. politics over the last decade.

May 02 09:38

Endgame: Starting In 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt

While it is common knowledge that the US budget deficit is soaring even though the US economy is allegedly growing at a brisk, mid-2% pace, resulting in recurring bond trader nightmares about funding the growing twin US deficits (Budget and Current Account), what few people know is the increasingly ominous composition of this budget deficit.

May 01 16:20

Economic Dominoes Are Starting to Drop

May 01 15:57

Apple’s Plan to Buy $75 Billion of Its Stock Fuels Spending Debate

Shortly after Apple used a new tax law last year to bring back most of the $252 billion it had held abroad, the company said it would buy back $100 billion of its stock.

On Tuesday, Apple announced its plans for another major chunk of the money: It will buy back a further $75 billion in stock.

“Our first priority is always looking after the business and making sure we continue to grow and invest,” Luca Maestri, Apple’s finance chief, said in an interview. “If there is excess cash, then obviously we want to return it to investors.”

Apple’s record buybacks should be welcome news to shareholders, as the stock price is likely to climb.

May 01 15:46

Apple's iPhone sales plunge at record pace amid lackluster demand for the flagship handset, causing profits to slide 16% to $11.6 billion in 'challenging quarter'

Apple's iPhone sales continued to decline in its latest quarter, suggesting that sluggish user demand for the flagship device may not be a temporary problem for the company.

The lackluster iPhone sales weighed on Apple's broader business in the second quarter, causing profits to decline 16 percent from a year earlier to $11.6 billion, albeit being slightly better than Wall Street's expectations.

Revenue also dipped five percent in the quarter to $57.4 billion.

May 01 13:12

This leads to credit growth falling to zero

May 01 11:57

Italy Is Latest Country Seeking To Bring Their People’s Gold Home

European Central Bank’s President Mario Draghi recently announced that the ECB would be required to approve any management of gold reserves within the euro zone countries.

The statement was specifically directed at two Italian members. Why was Italy singled out?

According to the Wall Street Journal, Italian citizens are preparing to take control of Italy’s gold reserves. During the past few years, a multitude of small investors lost billions of dollars due to the failure of several Italian banks. The Bank of Italy is seen as an elitist, inefficient entity indifferent to the needs of ordinary people. Deputy Prime Minister Luigi Di Maio is leading the attack against Italy’s central bank, along with the “5 Star Movement” and the nationalist “League,” all of whom blame the countries financial woes on the incompetence of the central bank.

May 01 11:01

Washington Warns Beijing: 'Paramilitary' Fishing Boats Will Now Be Treated Like Combatants

As the US continues its increasingly daring and extremely provocative "freedom of navigation" operations in the Strait of Taiwan and South China Sea, it's also growing more vocal about challenging China's increasingly expansionary military presence in the Pacific. Over the weekend, the US has warned Beijing that the US military would aggressively respond to provocative acts by China's coast guard and fishing boats in the same way it reacts to the Chinese navy.

Webmaster's Commentary: 

Mr. President, why in the name of heaven, why are you being more brutally verbally aggressive than ever to Chinese leadership, when trade negotiations between China and the US are already on rocky ground?!?

IF there is a logical reason for this, I would certainly like to hear what the rationale is for this statement; otherwise, it appears like sheer madness, from a perspective of logic, reason, and the importance of "face", in Asian cultures.

May 01 10:54

Joint Russia-China Naval Drills Kick Off After 2 US Warships Enter Taiwan Strait

Early this week Chinese media confirmed that Russian warships arrived in Qingdao, a port city in East China's Shandong Province, at the start this week's join China-Russia naval exercises.

The Russian fleet included the Varyag guided missile cruiser, a submarine, two anti-submarine ships, a corvette, a landing ship, a tanker and a rescue vessel, according to China's Global Times.

Early this week Chinese media confirmed that Russian warships arrived in Qingdao, a port city in East China's Shandong Province, at the start this week's join China-Russia naval exercises.

The Russian fleet included the Varyag guided missile cruiser, a submarine, two anti-submarine ships, a corvette, a landing ship, a tanker and a rescue vessel, according to China's Global Times.

Webmaster's Commentary: 

Please, LORD, let nothing go wrong in any of these exercises, or from the two US carriers now passing off the coast of Taiwan.

As someone celebrating her 70th birthday next week, I have rarely seen a time in American history, where things just seem to be drifting towards a war, and possibly a global war at that.

It's kind of like that archetypal dream, about two trains, running head long , right at each other on the same track, and not being able to stop them.

What do I want of my government?!? That it actually does start indulging in moral, thoughtful, hard-won negotiations with China and Russia; you know, those kinds of actions which deepen confidence and trust?!?

I am absolutely sure that if I spoke Russian, or Cantonese, and could speak to mothers of kids who just got drafted into either country's military (or perhaps enlisted), they would be both very proud of their kids' participation in those armies, but would agree with me, that peace; the rule of law; commerce; and intelligent, thoughtful planning, need to reign in human society.

Otherwise, humankind may just blow itself to kingdom come, and leave a fractured, horrific planet in its wake, incapable of regrowth or rebirth.

Unfortunately, those in the Bowels of Power in DC, do not seem to understand this right now. And the only modalities they seem to believe will work, in a desperate attempt to stabilize the US economy, are to continue to expropriate resources to which they have no moral right, and insure that they are sold only in US dollars.

Their tools right now are are demonisation; destabilization; and wars to insure the "end game" winds up entirely positively for the US government.

But the problem with this attitude, which comes to us from the great Greek storytellers, is hubris; an over-arching pride which makes one believe that you can do anything you want, without any moral, or physical, repercussions happening at all.

Unfortunately, the real world does not ultimately work in this manner; there is a cost, or costs to specific actions and choice, which can be horrendous.

The casualty counts in current US declared, and undeclared wars, is staggering, both for the indigenous people who live there, and our troops.

And the broken lives, and bodies, again, of both the people we are bombing, and our troops, who wind up maimed for life, from these wars, suggest a better, more peace-centric process is desperately needed by the US government, and to work to stay away from wars as its "only solution" to geopolitical and economic challenges.

May 01 10:48

Are You Really Happier with More Money?

May 01 10:19

Swedish Anti-Extremism Tsar Allows Returning ISIS Fighters Re-Entry As "Caring Citizens"

Authored by Jon Hall via FMShooter.com

According to officials in Stockholm, Swedish residents have nothing to fear from Islamic State fighters returning from the Middle East to live peaceful, crime-free lives in Sweden.

Christina Kiernan, Stockholm’s anti-violent extremism coordinator, claimed that jihadists who returned from Syria and Iraq were living “orderly lives” following public outcry regarding the government’s decision not to strip people who fought in radical Islamic terror organizations of their Swedish passports.

Kiernan said on a television interview this week:

The IS returnees we have talked to so far have no known current crime, they have a job and an orderly life to the extent that we do not have knowledge of activities that can in any way scare anyone…

The television interviewer fired back:

So they are returning from this type of business and becoming caring, well-behaved citizens?

Webmaster's Commentary: 

Kiernan has just become a major accessory to the coming cultural suicide in Sweden, as we have seen in so so many other countries, where Sharia law rapidly, and rabidly, replaces the existing Laws of the Land.

May 01 10:13

US Troops In Syria For "Long Haul" Atop "A Lot Of Oil Resources": Pentagon Official

A high level Pentagon official has admitted that US forces will be in Syria for "the long haul" and coupled his statement by declaring the territory contains “a lot of the oil resources and arable land.”

The unusually frank remarks were made this week by Michael Mulroy, Deputy Assistant Secretary of Defense for the Middle East, while addressing a conference at the D.C. based Center for a New American Security (CNAS), months after President Trump appeared to have caved to his advisers, reversing course earlier this year from his stated goal of a full and rapid US troop exit from Syria.

Mulroy said “we have a very capable partner” — in reference to the primarily Kurdish Syrian Democratic Forces (SDF) — and quickly noted the US-trained SDF happens to occupy key regions in eastern Syria with "a lot of the oil resources and arable land," and added that, "we are there with them".

Webmaster's Commentary: 

Wait a minute; the US military is actually occupying over 1/3rd of the sovereign country of Syria?!?

The question that the Pentagon, State Department, and the Executive Office need to ask, is, how long will it be, before Russian forces, carrying out Putin's orders, drive them out?!?

If I were a Federal official, this would be the question that would be keeping me up at night.

May 01 10:10

'Maybe if you skipped that Dunkin you'd be able to afford your RX meds': Alexandria Ocasio-Cortez rips Chase Bank for their 'thrifty' Monday Motivation tweet that urged people to save money by avoiding coffee runs

Alexandria Ocasio-Cortez took a hit a Chase Bank on Twitter, reprimanding the company in a sharp tweet for their post urging customers to be more frugal.

On Monday Chase shared a tweet joking about how customers overspend and get low balance alerts from the bank.

'You: why is my balance so low. Bank account: make coffee at home. Bank account: eat the food that's already in the fridge. Bank account: you don't need a cab, it's only three blocks. You: I guess we'll never know. Bank account: seriously? #Monday Motivation'.

AOC then responded saying today's money problems stem from minimal wage increases and rising living costs.

May 01 10:07

"Workarounds" Galore: How Real Americans Deal With "Real" Inflation

‘Workarounds’ galore: How real Americans deal with ‘real’ inflation By Bill Rice, Jr.
While working on a story on inflation and shrinkflation, I quickly zeroed in on the concept of “workarounds” as an alternative, perhaps superior, way to gauge the true state of our economy. I define workarounds as the changes individuals or families (or businesses) must make in their daily living to adapt to a world of rising prices. If nothing else, these examples, taken in the aggregate, challenge the conventional wisdom that inflation is “low” or “contained,” or that the economy is just fine, thank you.

As decades have passed, the list of workarounds families have utilized to deal with rising prices has rapidly grown.

Webmaster's Commentary: 

Have you and your family been dealing with this?!?

I sure know that our "little family of 2" sure has!!

In fact, we discovered a "big box" store not far from here last weekend, and did some substantial savings ourselves.

May 01 09:52

$1 Billion In Iranian Crude Is Stranded At A Chinese Port

It's no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can't buy oil from. And in the latest example of just how aggravating the decision to end waivers for Iranian crude imports has been for the world's second-largest economy, Reuters reported that some 20 million barrels of Iranian crude have been languishing at the northeastern port of Dalian for months, but because of the US's decision to re-impose sanctions on Iran back in November, nobody wants to touch the oil.

China filed a formal complaint with the US over its decision to end the waivers, but the US has refused to consider any exceptions to its plans to reimpose full sanctions.

As one analyst told Reuters, no Chinese company will touch the oil unless specifically instructed to do so by the Chinese government.

Webmaster's Commentary: 

And one has to wonder; precisely when the Chinese government will give its order to move this oil,and what the ramifications are going to be.

Will the US government interdict the ship, and possibly start World War III with China?!?

Of almost every possible outcome here, this would be one of the most ham-fistedly, pig-headedly stupid decisions the Trump administration could make at this point.

Unfortunately, just because something would be the most ham-fistedly, pig-headedly idiotic decision this administration could make, is no guarantee that it will not do so.

May 01 09:05

Ron Paul Warns: "Hapless" Guaido Now "Worth More Dead Than Alive" To Washington's Venezuelan Coup-Creators

Venezuelan opposition leader Juan Guaido failed to kick-start a military uprising on Tuesday. After this fizzle, RT reports that his life may be in danger from his own CIA backers, the director of the Ron Paul Institute argued in a debate.

Daniel McAdams and Ron Paul, the former libertarian representative from Texas, discussed the repeated attempts by Guaido to oust Venezuelan President Nicolas Maduro with the backing from the US government. Despite all the efforts, Maduro remains in power, supported by many Venezuelans and in control of its military and police forces.

Paul said he was concerned that the Latin American country may be plunged into large-scale violence by some provocation.

“The big danger is a hard war breaking out. I’d still bet it won’t be too bad, with thousands of troops moving. But it could be a guerrilla war or something like that. If there is a false flag or some important official on either side gets killed, you can’t tell what might happen,” he said.

Webmaster's Commentary: 

Yes... but desperation on the cusp of madness.

With Russian troops having been on Venezuelan soil for some time, now, what is the plan?!? War with Russia over Venezuela (over control of its vast oil reserves?!?)

Faux is showing, live, the hearings on the Barr report this morning, with nary a word about Venezuela. It's about the bottom of the hour here, so I will be curious if it actually gets any air time at all this morning. OK, I watched this from the bottom half of the hour; and still no word on Venezuela. They are going right back, top of the hour, to The Barr Hearings.

The only comment from Regime Changer in Chief, Elliott Abrams yesterday, was as follows:

U.S. envoy says top Venezuelan officials negotiated to help restore order Elliott Abrams went on to state that:

"U.S. envoy for Venezuela Elliott Abrams said on Tuesday opposition-led protests in Caracas were part of a broader effort negotiated with three senior officials in President Nicolas Maduro’s government to restore constitutional order.

Abrams, speaking to reporters at the State Department, said the talks involved Venezuela’s Defense Minister Vladimir Padrino, Supreme Court chief justice Maikel Moreno and presidential guard commander Ivan Rafael Hernandez Dela about restoring democracy in the country.

“There have been some interesting negotiations among Venezuelans inside the regime and outside the regime about returning to the constitution,” Abrams said. “They negotiated for a long time the means of restoring democracy but it seems that today they are not going forward,” he added."

So I have to wonder, since names were named in this article, whether those three actually did communicate with Abrams... or did not.

And notice how Abrams is shifting gears wildly, by throwing the lack of success of the coup, on these Venezuelans, Defense Minister Vladimir Padrino, Supreme Court chief justice Maikel Moreno and presidential guard commander Ivan Rafael Hernandez Dela rather than upon himself, and the Those in the Bowels of Power in DC who concocted this poison stew of lies?!?

Guaido is now what those with a little bit of intelligence business savvy, understand to be a "live liability" for the CIA/FBI/and whatever other intel ops who convinced President Trump that this could actually work.

And as for Abrams, he has just handed President Trump his very own "Bay of Pigs" debacle here, in attempting to foment "regime change" with a population which would not have it, and have chosen to stay loyal to Maduro.

And as for Abram's future in regime change, I think that, unless he had intense "defense in depth" planning, and was placing those into effect, if this went "mammary glands vertical" a plan B, C, D, E, and F, he is going to be handed his hat by Trump, who is going to look for someone who can actually do what Abrams told him he could do.

Who knows, maybe Erik Prince's timing was perfect for getting back in good graces with the White House when he pitched sending his own mercs into Venezuela, to destabilize it to the point of regime change?!?

And I have to suspect, by his rantings and ravings, both in public and on Twitter,that President Trump had his book "The Art of the Deal" completely ghostwritten, as I see zero signs of true negotiations, in either his personality, or his decision making, which, at the moment,can be described as both utter chaos, and no closer to achieving a stable, peaceful world than when he came into office.

To say this is a profound disappointment for many of us, who at the beginning of his campaign, really believed that he just might be able to pull this off, is akin to saying "the SS Titanic took on a little ice,and ultimately became the "US Trumptanic"

And the real question Americans need to ask, is why, at the end of the day, are our Presidential candidates so lousy?!? The answer is, because by the time they are "thrown at the Public", in many large, theatrical Kabuki-style events, they have had to be vetted by the Deep State; the Military Industrial Complex; and the corporations who contribute to both parties luxuriously to make sure that nothing changes in the ways they do business.

And here's companion piece, courtesy of Zero Hedge, and we ALL could see this coming: Maduro declares victory over attempted coup,, followed by the following: "Update (7:16 am ET): Here we go again...

Now that the monthslong simmering rebellion against Maduro has exploded into a full-fledged uprising - one that's in danger of being brutally suppressed by the Maduro regime - it's time for the US to revive its threats of military intervention with the added subtext of 'this time, we mean it'.

After footage from yesterday's riots showed regime tanks brutally crushing opposition supporters, Mike Pompeo appeared on Fox Business this morning and said that the US hasn't ruled out military intervention.

U.S. SECRETARY OF STATE POMPEO SAYS MILITARY ACTION IN VENEZUELA IS POSSIBLE 'IF THAT'S WHAT'S REQUIRED', WOULD PREFER PEACEFUL TRANSITION -FOX BUSINESS INTERVIEW
His comments come as supporters of the regime and opposition prepare to take to the streets for another wave of massive demonstrations on Wednesday."

IF Pompeo doesn't understand that this "regime change" movement lost its window yesterday, he doesn't deserve to be Secretary of State, period, end of discussion.

May 01 08:16

Entering a World of (Hyper)Inflation

May 01 08:16

Right On Cue, It’s Happening, Boom

Apr 30 15:24

COMING TO AMERICA: THE COMPLETE DE-PLATFORMING OF ALL VOICES THAT DON’T WORSHIP DEMOCRATS

This article was originally published by JD Heyes at Natural News.

The Democrat Party has joined the globalist Left in their quest to wipe out all remaining bastions of freedom and liberty throughout the West which, if they are successful, will plunge the world into chaos, war, and destruction.

In Europe, freedom fighters like Tommy Robinson and Carl Benjamin are fighting Leftists in Britain and throughout the European Union as they attempt to build political opposition to what is very obviously an anti-libertarian and anti-democratic campaign of suppression and censorship.

Robinson, demonized by the European Left as a “far-right extremist” who has been attempting to speak the truth about the virtual invasion of anti-Western Muslim “refugees” from war-torn segments of the Middle East, was jailed in 2018 for essentially expressing his views.

Apr 30 15:13

Tesla lost $702 million last quarter, snapping its profit streak

Tesla's profit streak is over. Big time.

The electric car company said Wednesday that it lost $702 million last quarter. Its revenue was also down 37% compared to the prior quarter.

Wall Street was already bracing for what one analyst called an "apocalyptic" quarter — but the results were still far worse than expected.

Apr 30 14:32

Bolton: All Options Are on the Table Regarding Venezuela

Venezuelan Foreign Minister Jorge Arreaza said earlier in the day that the United States had signed off on an attempted coup in Venezuela by calling on the country's armed forces to support the opposition parliament.

During a speech at the White House, US National Security Adviser John Bolton said that all options were on the table regarding the current situation in Venezuela.

"We want as our principal objective a peaceful transfer of power," Bolton said. "But I will say again: [Venezuela's President] Nicolas Maduro and those supporting him, particularly those who are not Venezuelans, should know that all options are on the table."

Webmaster's Commentary: 

NO, Security Advisor Bolton, you do not care about a "a peaceful transfer of power;" what you care about is getting those oil reserves in Venezuela under American control, and selling them only for the American dollar.

Apr 30 14:28

LIVE UPDATES: Situation in Venezuela as Guaido Calls on Troops to Oust Maduro

Venezuelan opposition leader and self-proclaimed Interim president of the country, Juan Guaido, published a video in which he urged soldiers to join protests against President Nicolas Maduro in order to oust him.

The footage shows Guaido, surrounded by people in military uniform, claiming that he has already received the support of the Venezuelan Army, going on to call for the "final phase" of the protests. The politician stressed that the people of Venezuela would be fighting "in a nonviolent struggle" to "assume [the] competencies of the government"

Webmaster's Commentary: 

Good luck on THAT, Guaido!

Apr 30 14:23

A New Mega Cartel Is Emerging In Oil Markets

china and India—two of the world’s largest oil importers and the biggest demand growth centers globally—are close to setting up an oil buyers’ club to have a say in the pricing and sourcing of crude oil amid OPEC’s cuts and U.S. sanctions on Iran and Venezuela, Indian outlet livemint reports, citing three officials with knowledge of the talks.

This is not the first time that the two major oil importers are working to create such an oil club.

India and China have discussed creating an ‘oil buyers’ club’ to be able to negotiate better prices with oil exporting countries and will be looking to import more U.S. crude oil in order to reduce OPEC’s sway, both over the global oil market and over prices, India’s Petroleum Ministry said in June 2018.

Apr 30 14:20

5 Reasons To Be Concerned That The Federal Government Will Borrow $990 Billion This Year

Authored by Mac Slavo via SHTFplan.com

No one seems to care that a government already over $22 trillion in debt is on schedule to borrow another $990 million this year. All of this is occurring as individual Americans further enslave themselves with higher debt loads and retail stores fail over the inability to pay back the money they borrowed. But there are many reasons to be concerned about government spending.

The debt-based system we live under won’t sustain itself forever. Don’t get us wrong, the sociopaths in government and at the Federal Reserve (central bankers) will prop it up for as long as possible, but it is doomed to fail. That $22 trillion doesn’t include unfunded liabilities either, making the situation even uglier.

Apr 30 14:19

The IMF table of fiscal break even oil prices

Apr 30 13:37

Venezuela Coup? "Live Fire" Exchanged Outside Contested Air Base, Armored Car Plows Into Protesters

update 5: As predicted, what Guaido dubbed “Operation Liberty” — a full on coup attempt for which he appealed for Venezuela's military to rise up against Maduro — appears to have failed to achieve significant momentum, given Caracas officials are taking to the air waves to declare the "mediocre" coup attempt successfully put down.

“A mediocre coup d'etat attempt has failed,” said defense minister Vladimir Padrino on a state radio broadcast Tuesday afternoon, following prior statements saying he was ready put down the rebellion by force. And in a television appearance Padrino further called the day's events "ridiculous".

Meanwhile national security advisor John Bolton has stated this is "not a coup" given that the US already sees opposition leader Juan Guaido as the country's president. Bolton said of the rapidly unfolding and increasingly violent events that "it is not a coup for Juan Guaido to try and take command of the Venezuelan military."

Donald J. Trump
?

Webmaster's Commentary: 

No, Mr. President: this country does NOT stand for the Freedom of the Venezuelan people; it stands for controlling their massive oil reserves, and insuring that Venezuela's oil will only be sold for US dollars.

I have heard the soundbite "Everything is on the table", floated as a description of further potential ways for the US to get Maduro out of power, whatever they may be.

War against Venezuela for its oil?!?

Right now, I would not bet against it.

But were I in the Pentagon "war room", I would have to ask; "If we invade, what will Russia, which already has troops in position, decide to do?"

This could get ugly, quickly, and in ways for which the US government perhaps has not either thought through, or didn't consider: and that, folks, is what concerns me most.

Apr 30 13:30

All That’s Missing Is a Black Swan

Apr 30 13:23

Trump’s Crusaders March to War

But behind the horror in Sri Lanka, a huge crisis was building up of which the world has so far taken insufficient notice: renewed tensions in the oil-producing Gulf. This is the latest attempt by the United States to crush Iran’s independent-minded government and return it to American tutelage.

The Trump administration has demanded that the principal importers of 1.2 billion barrels of Iranian oil halt purchases almost immediately. This imperial diktat includes China, South Korea, Turkey, India and Japan. The comprehensive embargo is very close to an all-out act of war. In 1941, America’s cut-off of oil to Japan provoked the attack on Pearl Harbor.

Webmaster's Commentary: 

Mr President, a word, please: this was a completely lousy choice, potentially leading to more war in the Middle East and beyond.

And sir, this underscores a couple of points I have been making for a long time.

The first, those in the Bowels of Power in DC, seem to have lost all critical thinking capabilities, in terms of following various scenarios to their most logical end.

And second, and forgive me sir, but it must be blurted out here; just because something is the most ham-fistedly, pig-headedly stupid move that the US government and military could do, is no guarantee that the US government and military will not do it.

This set of imperial decrees by you and your "enforcers in Chief, Pompeo and Bolton, have set this country up for an incredible, horrific war, which will have horrendous consequences domestically and for the world as well.

And to be painfully candid, sir, although the US did "win" world wars 1 and 2 with the help of their allies, which got us out of a couple of economic holes, this country wasn't running a $22 trillion dollar deficit at the time.

The old financial problems, with wars as their solutions, will not work in 2019. and in the evolving multi-polar world.

Apr 30 13:12

The War on Syria Continues. Iran Is Next?

The war on Syria is not over. Western -supported terrorists still occupy Idlib, as well as al Tanif, and strategic resource-rich areas East of the Euphrates. The Al- Rukban concentration camp[1] still holds about 40,000 desperate and dying captives, and the Al-Hawl camp[2] holds 73,000 captives.

The West’s terrorists are expendable, but the West supports them all, including al Qaeda, ISIS, and the YPG/SDF terrorists.

Under the familiar pretense of “going after ISIS”, the Western coalition carpet bombed Raqqa, shipped ISIS out, and re-occupied the ruins with SDF proxies – occupiers posing as liberators.

Webmaster's Commentary: 

I am hoping and praying that the US, and Israeli governments , will not be so stupid as to believe, for one second, that they can conquer Iran, either militarily, or with some form of regime change.

If Russia thinks, for one second, that Iran is headed toward a crisis, my bet would be under threat from harm, they may immediately start propping up Iran with their own military and weaponry.

As we have seen from incredible performances by Russian military and their weaponry in Syria, the Russians have both the person-power,and weapons, to keep the Israelis and US forces at bay.

Apr 30 12:59

Where the Silk Roads Meet the Mighty Mekong

Spiritual beginnings

It’s tempting to regard the bridge as a post-modern naga. In the inestimable The Enduring Sacred Landscape of the Naga, published by Mekong Press, Lao scholars Mayoury and Pheuiphanh Ngaosrivathana track the literally fantastic world of animated beings in the Mekong basin – totemized reptiles such as the serpent, or ngu, the salt-water crocodile (ngeuak) and supernatural beings such as the naga.

The new naga will take the form of Made in China high-speed trains – for passengers of course, but mostly for cargo – crossing the Mekong back and forth and crucially bypassing the Maritime Silk Road along the South China Sea.

The numbers by the Lao Ministry of Public Works and Transport are impressive – the Kunming-Vientiane high-speed railway, started in 2016 and to be completed in 2021, features 72 tunnels, 170 bridges and will have trains speeding along at 160 km an hour.

Webmaster's Commentary: 

The problem with the US's present administration; instead of making deals and building things up, the US is blowing things up, to regime change nations whose resources the US government wants to expropriate, and make sure that those resources will only be sold in American Currency.

There is a great deal about the Chinese government I really despise, but this ambitious, and almost visionary, long-term building project, really deserves respect.

Apr 30 12:46

US and NATO Attack Afghanistan and Iraq

The Following text is Section 5 of

The 70 Years of NATO: From War to War,
by the Italian Committee No War No NATO

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Documentation presented at the International Conference on the 70th Anniversary of NATO, Florence, April 7, 2019

In the course of the next two weeks, Global Research will publish the 16 sections of this important document, which will also be available as an E-book.

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Contents

1. NATO is born from the Bomb
2. In the post-Cold War, NATO is renewed
3. NATO demolishes the Yugoslav state
4. NATO expands eastward to Russia
5. US and NATO attack Afghanistan and Iraq
6. NATO demolishes the Libyan state
7. The US/NATO war to demolish Syria
8. Israel and the Emirates in NATO
9. The US/NATO orchestration of the coup in Ukraine
10. US/NATO escalation in Europe
11. Italy, the aircraft carrier on the war front
12. US and NATO reject the UN treaty and deploy new nuclear weapons in Europe
13. US and NATO sink the INF Treaty

Webmaster's Commentary: 

This is a long read, but worth it, in terms of how NATO and the US play, hand in hand, to destabilise countries, effect regime change, and insure that all of whatever the invaded countries' resources are, are only sold in US dollars.

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