U.S.’s Defeat in Syria is a Crisis of Empire

The U.S. lost in Syria. Donald Trump finally had the courage to admit that to the world when he ordered the pull out of all U.S. troops there. Syria was to be the sparkling jewel in the Empire of Chaos' Crown. A masterstroke of realpolitik which would advance every major U.S., Israeli and Saudi objective … Continue reading U.S.’s Defeat in Syria is a Crisis of Empire

A Stable Ruble is the Key to Russia’s Survival

The Russian ruble moved sharply this week as the global equity and commodities rout continues in the wake of the Federal Reserve raising interest rates. Russia's central bank over-reacted to a rise in inflation as the global economy moves towards a chaotic and politically dangerous 2019. Oil prices are moving in sync with equities as … Continue reading A Stable Ruble is the Key to Russia’s Survival

Trump Pulls Fast One Pulling Out of Syria

I've been hard on President Trump recently. He's deserved it. But, his decision to announce without any prearranged warning a complete pullout of all U.S. forces in Syria is something I can unreservedly applaud. Whether he actually goes through with it or not is another story. But even just his tweaking the D.C. establishment on … Continue reading Trump Pulls Fast One Pulling Out of Syria

Private Blogs — The Fed Hikes, Now What?

I have two new private blogs up for Patrons. The first is yesterday's video Market Report where we discuss the ramificiations of Trump's announced pull out from Syria and trends within Central Bank activity vis a vis the rising dollar. That's a standard post for $4/month patrons and above. For those who want a taste … Continue reading Private Blogs — The Fed Hikes, Now What?

Inflation Targeting Madness: Russia Raises Rates Again

I continue to wonder who Bank of Russia President Elvira Nabuillina works for.  Seriously.  On Friday, in response to solid growth in Russian economic statistics over the past few months, Nabuillina again raised interest rates 0.25%.  She still adheres to idiotic IMF-style 'inflation targeting' dogma. Price inflation in Russia finally got off the roughly 2.5% … Continue reading Inflation Targeting Madness: Russia Raises Rates Again

Deplatforming Paves the Way for Cryptocurrency

The recent deplatforming of Sargon of Akkad by Patreon has a lot of people very nervous.  I became worried we'd get to this state the first time they went after Gab for not allowing their app in the Google or Apple stores. It became obvious then that we would wind up here today.  It starts … Continue reading Deplatforming Paves the Way for Cryptocurrency

Revisiting Turkey’s Debt Problem

It is increasingly clear the global economy is slowing down.  And a few months ago the epicenter for that slowdown was Turkey.  The Turkish Lira melted down as fears over its massive pile of corporate debt, most of it denominated in dollars, began selling off.  And that had contagion effects into Europe since yield-starved banks … Continue reading Revisiting Turkey’s Debt Problem