A Spanish reader writes:
Like America, Spain today is plagued by populism, economic stagnation, social decadence, and rancor resulting from the erasure of history via the removal of historical monuments. Spain is also plagued by Catalan and Basque separatism. Basque separatism especially has reached a fever pitch.
Sometimes, less is more, and in infamous "Black Swan" philosopher Nassim Taleb's case, summing up the chaos that is enveloping America, and its forthcoming election was as simple as the following:
Submitted by Dave Forest via OilPrice.com,
Oil and gas data experts Evaluate Energy showed yesterday that U.S. E&Ps took a huge hit in 2015. With the value of total proved reserves in the sector declining by an astounding $515 billion dollars.
The chart below shows just how great the damage is, compared to reserves valuations the last few years.
Since 2007, the world’s Central Banks have collectively put more than $14 trillion into the financial system since 2008. To put that number into perspective, it’s equal to roughly 17% of global GDP.
This kind of money printing is literally unheard of in modern history. And it has set the stage for a roaring wave of inflation to hit the financial system. Indeed, the first signs are already showing up... not in the “official” Government data (which is bogus) but in how those who run businesses around the globe are acting.
Amid confusion over the cancellation (due to more security concerns) of today's rally in Ohio - since denied by Trump campaign officials - the finger of blame for last night's violent protests is wending its way through the mainstream media.