America

A former White House Budget Director has warned that the U.S. Treasury could run out of money by June 2017, sparking riots and civil unrest across America.  According to an interview with David Stockman, a controversial deal made between former Speaker of the House John Boehner and former President Barack Obama in 2015, will result in the “mother of all debt ceiling crises,” by the summer of 2017 which will see a giant “fiscal bloodbath” for Americans. “I think what people are missing is this date, March 15th 2017.

Two weeks after David Stockman warned that "the market is apparently pricing in a huge Trump stimulus. But if you just look at the real world out there, the only thing that's going to happen is a fiscal bloodbath and a White House train wreck like never before in U.S.

 Via The Daily Bell

 

George W. Bush invaded Iraq to remove its – ultimately nonexistent – weapons of mass destruction. Barack Obama used cyber weaponry and sanctions to deter Iran from building its own atomic bomb. Now Donald Trump faces North Korea, but stopping its nuclear and missile program may prove impossible, creating what may be his first and perhaps defining international crisis. -Reuters

"Where did Steve Bannon get his worldview? From my book..."

* * * by Neil Howe via WaPo,

Neil Howe is the author, along with William Strauss, of “Generations,” “The Fourth Turning” and “Millennials Rising.”

In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases the demand for domestically produced goods), the United States are less than happy as it weakens the position of the country on the export market.

Source: Tradingeconomics