Members of the Saudi royal family appear to be preparing to go into exile as they are selling as much oil as possible in order to move their petrodollars out of the country. The declining oil price doesn’t matter. Clear signals are coming from the U.S. that the days of the incumbent clans are numbered. In … Continue reading
By Egon Von Greyerz, GoldSwitzerland Investors around the world are blissfully ignorant of what will hit them in coming months and years. Virtually no one understands the risks in the world and less than ½% of investors have protected themselves against the destruction of their financial assets. It is of course wonderful to live in Shangri-La … Continue reading
By Brandon Smith It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe. The 9/11 attacks were billed by the Bush Administration as a “wake-up call” for the U.S., … Continue reading
By Michael Snyder Even the government is admitting that the U.S. economy is slowing down. On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016. This was lower than analysts were anticipating, and it marks the third time in a row that the GDP number … Continue reading
By Ron Paul, Ron Paul Institute Last week, President Obama and Vice President Biden held a hastily arranged secret meeting with Federal Reserve Chairman Janet Yellen. According to the one paragraph statement released by the White House following the meeting, Yellen, Obama, and Biden simply “exchanged notes” about the economy and the progress of financial reform. Because the … Continue reading
U.S. President’s low-key arrival and meeting with King Salman underscores tension that has deepened over US policy towards Iran and the war in Syria . Barack Obama arrived to a noticeably low-key reception in Saudi Arabia on Wednesday against a background of mutual irritation in a relationship tested by a turbulent Middle East, plummeting oil … Continue reading
The government of Argentina has finally returned to the scope of the international bond market as of April 18, which has thus ended 15 years of global financial isolation after the South American nation defaulted back in 2001. Fulfilling a campaign promise and following favorable court rulings, Argentine President Mauricio Macri gave the green light for the sale of $15 … Continue reading
Saudi Arabia has warned the Obama administration and members of Congress that it will liquidate hundreds of billions of dollars’ in U.S. assets should Congress pass a bill that would hold the Saudi government responsible for any role in the September 11, 2001 (9/11), terrorist attacks, according to a bombshell report from The New York Times (NYT). The bill … Continue reading
Guess that would explain why there are hardly any prominent Americans or top political brass etc. from the West in the 11 million pages of Panama papers “leaks,” but the people who are there are all enemies of the American government. The whole thing seems highly edited, since we all know all of these people … Continue reading
Ahead of U.S. President Barack Obama’s historic trip to Cuba — which will be the first visit by a sitting U.S. president in 88 years — there are several major companies that are scrambling to negotiate deals to operate in the small island economy. Such names as AT&T, Starwood Hotels, and Marriot have already expressed interest in doing business in Cuba. Other companies that have expressed interested include Delta, … Continue reading