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The Saudi System And Why Its Change May Fail

Via Moon Of Alabama blog, The Saudi clown prince Mohammad Bin Salman is an impulsive tyrant. But what accounts for his urge to purge the country of any potential competing power center? Why does he run a such an activist foreign policy? The answer might be Iran. Not Iran the country, but Iran the system. Since the U.S. war on Iraq the sclerotic Saudi Arabia continuously lost standing in its region. The Iranian model gained ground. A decade later the authoritarian Arab systems were challenged...

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India’s $207 Billion Mess Is Once-In-A-Lifetime Opportunity For Asia’s Richest Banker

In October, we discussed Indian Prime Minister, Narendra Modi’s, decision to hand over $32bn to recapitalise India’s state banks. The motivation was India’s slowing growth rate and the need to add one million Indians to the workforce every month. Crippled by massive bad debts, the state-owned banks were struggling to extend more credit to the economy. The announcement caused a surge in India’s Sensex equity index, led by the banks. India has the second highest bad debt ratio of the world’s...

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Thanksgiving: Celebrating The Birth Of American Free Enterprise

Authored by Richard Ebeling via The Mises Institute, This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America. The English Puritans, who...

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Labor Market Conundrum: Number Of Millennials Living At Home With Mom Continues To Surge

Nary a day goes by that President Trump and/or the talking heads on CNBC fail to mention the following unemployment chart as evidence that "everything is awesome" with the U.S. economy... ...which might be true unless you're among the 95 million-ish Americans who have been looking for a job for so long that you no longer even count as a human being to the Bureau of Labor Statistics... ...or if you're a millennial. Despite being the most educated generation ever to walk the face of the...

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The Real Winner In America’s Russia Crisis Is China

Authored by Leon Hadar via The Strategic Culture Foundation, The continuing American obsession with Russia plays directly into Beijing's hands and makes it less likely that Washington will develop an effective strategy to deal with China... When thinking about male-pattern baldness, what comes immediately to mind? Genetics? Thanks for this, grandad. But then I conducted my own scientific research and discovered the following: I started losing hair at the temples or the crown of the head when...

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Unsealed Fusion GPS Bank Records Reveal $523K Payment From Russian Money Launderer

Submitted by at iBankCoin.com Unsealed court documents reveal that the firm behind the salacious 34-page Trump-Russia Dossier, Fusion GPS, was paid $523,000 by a Russian businessman convicted of tax fraud and money laundering, whose lawyer, Natalia Veselnitskaya, was a key figure in the infamous June 2016 meeting at Trump Tower arranged by Fusion GPS associate Rob Goldstone. In short, D.C. opposition research firm Fusion GPS is the common denominator linked to two schemes used to damage the...

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Signs Of The Top? Chinese Demand For 10x Levered Structured Products Surges In US… Again

In the run up to the 'great recession' of 2008/2009, it was unsuspecting European and Asian buyers that supplied the marginal capital required to turn America's plain vanilla, fed-induced housing bubble into a turbo-charged, global financial time bomb by indiscriminately scooping up highly-levered structured mortgage products with absolutely no idea what was behind those products. Now, it seems that China's lust for levered returns in U.S. structured products has returned and is focused this...

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The Cardinal Sin Of International Finance

Authored by Nick Giambruno via InternationalMan.com, As Doug Casey has correctly noted, the prime directive of any organism - whether it’s an amoeba or a person or a corporation or a government - is to survive. That’s why the US government protects the petrodollar so zealously. It needs the system to survive. Why Everyone Uses the US Dollar… for Now In the 1970s, the US government struck a series of deals with Saudi Arabia, creating the petrodollar system. The US promised to coddle and...

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BoJ Briefs Reuters: We’ll Let 10-Year Yield Rise Above Zero Percent Target Around 1Q 2018

It looks like BoJ Governor, Haruhiko Kuroda’s, minions are getting out and about to brief the financial news services that the biggest stimulator of all the central banks might reduce stimulus earlier than expected. The recipient of the unofficial briefings by BoJ officials is Reuters, which has this to say. The Bank of Japan is dropping subtle, yet intentional, hints that it could edge away from crisis-mode stimulus earlier than expected, through a future hike in its yield target, according...

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