Submitted by Adam Taggart via PeakProsperity.com,
Actuary Gail Tverberg explains the tight correlation between the rates of GDP growth and growth in energy supply. For decades, energy has been becoming more costly to obtain, and instead of accepting lower GDP growth, we have been using debt to fund further energy exploration and extraction.
That strategy has diminishing returns, Tverberg warns. And we are close to the moment of reckoning:
Donald Trump told a crowd of supporters that both Hillary Clinton and the Obama administration were to blame for the creation of ISIS during a campaign rally in Mississippi on Saturday night. The Republican presidential candidate told the crowd that he had previously told the American government to bomb the oil assets belonging to ISIS before Russia began doing so. “I’ve predicted a lot of things, you have to say, including, ‘Get the oil, take the oil, keep the oil.’ Right? I’ve been saying that for three years, and everybody said, ‘Oh, I can’t do that.
Iran’s powerful Revolutionary Guards have warned Saudi Arabia that they will suffer a “harsh revenge” following the execution of Sheikh Nimr al-Nimr. Iran have warned that “the unjustly spilled blood of this oppressed martyr will no doubt soon show its effect and divine vengeance will befall Saudi politicians.” Express.co.uk reports: The move appeared to end any hopes that the common enemy of ISIS could lead to rapprochement between the two countries.
Israel are now claiming that ISIS are in Gaza after a rocket attack from Gaza hit Israel, causing no damage. In response, the Israeli Air Force attacked four military locations in Gaza on Saturday, confirming that they “targeted two Hamas military training facilities and two other military sites,” according to reports. Thejc.com reports: This attack was a direct response to five rockets launched from Gaza on Friday, for which Daesh-affiliated terrorist organisation Ansar Bayt al-Maqdis took credit.
Iran’s supreme leader, Ayatollah Ali Khamenei, has posted controversial images on his website which liken the executions in Saudi Arabia with the practises of ISIS. The provocative images depicts an ISIS fighter holding a knife above a hostage, alongside an image of a Saudi executioner brandishing a sword with a prisoner kneeling before him. The text reads “any differences?” above the two images. Independent.co.uk reports: The image comes as the Iranian supreme leader renewed his attack on Saudi Arabia over its execution of leading Shia cleric, Sheikh Nimr-al Nimr.