Anyone hoping this week’s G-20 meeting would yield some manner of “Shanghai Accord” to revive sluggish global growth, pull the global economy out of the deflationary doldrums and calm jittery markets that have seen harrowing bouts of volatility in the first two months of the year are disappointed on Saturday.
Submitted by Doug Casey via InternationalMan.com,
Democracy is vastly overrated.
North Korea’s Kim Jong-un has threatened to release classified information on America’s “secret moon program” that the government have hidden from public view for the last 60 years. Following the U.S. proposals to ban North Korean exports of coal, iron, gold, and titanium to China earlier this week, Kim Jong-un hit back warning that North Korea have access to explosive information that proves the U.S. government have secret bases on the moon.
We’ve written quite a bit about the decline of America’s once proud manufacturing industry which is now but a shadow of its former self and long ago ceded its place in the public’s heart and mind to the service industry, as US citizens are far more concerned with whether they can get a $6 latte than with whether the economy provides enough breadwinner jobs to keep the majority of the population from having to... well, serve $6 lattes for a living.
And if it was already bad, it's getting worse.
On Thursday night the U.S. test-fired its second intercontinental ballistic missile (ICBM) in the last seven days, as a clear warning to Russia that America is prepared to use a nuclear missile against Russia in the future. The Minuteman III missile was fired from the Vandenberg Air Force Base in California, racing across the sky at 15,000 mph before landing 30 minutes later at Kwajalein Atoll in the Marshall Islands of the South Pacific.