Asia

Authored by Nicholas Trickett via OilPrice.com,

Oil Royalties

Authored by Jacob Hornberger via The Mises Institute,

On July 21, 1821, John Quincy Adams, who would go on to become the sixth president of the United States, warned that if America were ever to abandon its founding principle of non-interventionism in foreign affairs, she might well become the dictatress of the world.

Adams issued his warning in a speech he delivered to Congress, a speech that has gone down in history with the title “In Search of Monsters to Destroy.”

S&P futures are again modestly in the green as European shares hold steady ahead of a meeting of the Catalan regional parliament and a possible declaration of independence by Catalan leader Puigdemont, while Asian shares rise a the second day. The dollar declined for the 3rd day, its losses accelerating across the board amid growing concerns that Trump's tax reform is once again dead following the Corker spat and a rejection from Paul Ryan, with the move gaining traction after China set the yuan’s fixing stronger for the first time in seven days.

Military Surgeon Says Videos of Las Vegas Gunshot Victims Are Fake

Paul Craig Roberts

It looks like readers are not going to let me let go of the Las Vegas shooting. Some tell me that it is my fault for having alerted them in previous articles to anomalies in other shootings and terrorist events, so now they are more skeptical and pay more attention. Others say that as I emphasize that this is their website supported with their money, I have to see this through to the end. They say it is a cop-out when I say that there are too many disparate accounts for us to know.

With no North Korean nuclear test over the weeknd contrary to a Friday morning rumor, S&P futures rebounded and edged higher as European stocks gain, led by Spanish shares after mass demonstrations in favor of Spanish unity and speculation Catalonia may back down on unilateral independence demands, while Chinese mainland stocks reopened catching up to gains missed during the holiday week following last weekend's RRR cut.