Saudi Arabia has gone nuclear, threatening the petrodollar. Or has it? The report from Zerohedge via Reuters that Saudi Arabia is angry with the U.S. for considering a bill exposing OPEC to U.S. antitrust law is a trial balloon. The chances of the U.S. bill known as NOPEC coming into force are slim and Saudi … Continue reading The Ultimate Pivot: Saudi Betrayal of the Petrodollar
2018 gave us the phrase "Creepy Porn Lawyer" thanks to Tucker Carlson. 2109 is giving us "Creepy ol' Joe" Personally, I whenever I tweet about Joe Biden (D - Polanski) I just use #PedoJoe. I've been doing it for years now. And, as such, I'm fascinated by the sudden outrage over Joe Biden's predilection for … Continue reading Biden’s SnuffleGate Replaces RussiaGate as the DNC Splits
British parliament is now worse than a joke. And they have no one to blame but themselves. As I watch the desperation of these people, obviously loyal to the European Union first and their constituents a distant fourth or fifth -- after themselves, their party and any corporate lobbyists -- it's clear they don't have … Continue reading The Brexit Desperation Rises as the Betrayal Deepens
Last year Turkey's lira crisis quickly morphed into a Euro-zone crisis as Italian bond yields blew higher and the euro quickly reversed off a major Q1 high near $1.25. It nearly sparked a global emerging market meltdown and subsequent melt-up in the dollar. This week President Erdogan of Turkey banned international short-selling of the Turkish … Continue reading Is Turkey “City Zero” in Global Contagion
The EU's new, comprehensive new Copyright Directive passed the European Parliament ensuring the way we use the Internet will change in the future. And not for the better. The controversial parts are Articles 11 and 13, the "link tax" and the "upload filter" requirements. For a good run down of how terrible these new rules … Continue reading Can the EU Survive Its Own Censorship?
When the Soviet Union fell in 1991 Marxism was dealt a near fatal blow. The crown jewel of communism was no more and descended into the worst kind of lawlessness. Francis Fukiyama famously declared the End of History and the U.S. went on a 'to the victors go the spoils' looting of 1990's Russia that … Continue reading Liberalism’s Last Stand — Brexit
I've a new private blog post up on my Patreon for subscribers detailing the effects the latest twists and turns of Brexit on markets like the U.S. Treasury and Gold markets and how I think they will turn. As always, the Market Reports happen twice weekly on Wednesdays and Sundays to help make sense of … Continue reading Private Blog: How the Market is Preparing for Brexit
During most of the RussiaGate investigation against Donald Trump I kept saying that all roads lead to Hillary Clinton. Anyone with three working brain cells knew this, including 'Miss' Maddow, whose tears of disappointment are particularly delicious. Robert Mueller's investigation was designed from the beginning to create something out of nothing. It did this admirably. … Continue reading With RussiaGate Over Where’s Hillary?