America

"Financial Crisis Of Historic Proportions" Is "Bearing Down On Us"

Authored by Nauman Sadiq via Oriental Review,

According to a recent infographic by New York Times, 79,000 US troops have currently been deployed in Europe out of 210,000 total US troops stationed all over the world, including 47,000 in Germany, 15,000 in Italy and 17,000 in the rest of Europe. By comparison, the number of US troops stationed in Afghanistan is only 8,400 which is regarded as an occupied country. Thus, Europe is nothing more than a backyard of corporate America.

Authored by Craig Wilson via The Daily Reckoning,

Nomi Prins joined The Foreign Correspondents’ Club of Japan in Tokyo to discuss the banking landscape and state of financial regulations in the Trump era. The central bank historian and financial expert also took a deep dive into the shifting relations between the United States and Japan and what easy money policy has meant for financial markets.

Mark Zuckerberg, the 30-something billionaire founder of Facebook, hasn't lived a 'normal' life...at least not at any point in the recent past.  He grew up in a suburb of New York City and now hobnobs with the elites of Silicon Valley, at least when he's not enjoying that massive chunk of Kauai that he recently purchased for his own private use.

On Thursday morning the CBO released a surprisingly upbeat assessment of Donald Trump's proposed budget, calculating that it would cut the cumulative US deficit by 30% over the next decade, preventing the US debt from spiraling out of control (even further).