“Do not come to Europe. “Do not believe the smugglers. Do not risk your lives and your money. It is all for nothing.”

That’s from Donald Tusk, president of the European Council, and as you can see, one Eurocrat after the other is now set to go full Viktor Orban in an effort to prove, once and for all that Berlin’s grand effort to construct Angela Merkel’s Multicultural utopia has failed. Miserably.

Queen Elizabeth’s former personal doctor, Sir Richard Thompson, has publicly slammed Big Pharma for what he calls their “criminal acts” in telling the public that their drugs are safe and effective whilst having zero evidence to support their dubious claims. Thompson was Queen Elizabeth II’s doctor for over 20 years, as well as the former-President of the Royal College of Physicians.

Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

Beijing can be big and bold when it meets reality. Remember when Zhu Rongji, China’s former economic tsar, gave 30 million workers pink slips, privatized hundreds of state-owned enterprises (SOEs) and swept many others into the dust bin?

Legendary billionaire investor Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months. During an interview on BloombergTV, he explained why he had covered his position in the Japanese yen, saying that the nation is "printing a lot" of the currency. Rogers also warned that there is a "100 percent" probability of a recession in the U.S. within a year, and with debt levels very high across the nation, this is a grave concern.

Jim Rogers sums up the carnage that is coming...

Submitted by Leonard Brecken via OilPrice.com,

Despite domestic production declining and demand surging, the EIA reported oil inventories surge by more than 10 million barrels, or more than three times what was expected.