For decades, the story of Saudi Arabia recycling petrodollars, i.e., funding the US deficit by buying US Treasuries with proceeds of its crude oil sales (mostly to the US), while the US sweetened the deal by providing the Saudis with military equipment and supplies, remained entirely in the conspiracy realm, with no confirmation or official statement from the US Treasury department.
After yesterday's US and UK market holidays which resulted in a session of unchanged global stocks, US futures are largely where they left off Friday, up fractionally, and just under 2,100. Bonds fell as the Federal Reserve moves closer to raising interest rates amid signs inflation is picking up. Oil headed for its longest run of monthly gains in five years, while stocks declined in Europe.
A group of doctors are challenging the theory that the Zika virus is responsible for birth defects in babies in Brazil, saying that Monsanto are responsible for microcephaly among newborns. A report from the Argentine doctors’ organisation, Physicians in the Crop-Sprayed Towns, says that a chemical larvicide that produces malformations in mosquitoes was introduced into the public drinking water supply in 2014. Healthynaturalcures.org reports: This poison, Pyriproxyfen, is used in a State-controlled programme aimed at eradicating disease-carrying mosquitoes.
A banking insider has warned that the economy is about to crash, and it will be much worse than anybody can imagine. According to an anonymous posting online, the insider warns “If you have an IRA, 401K look for a 40% – 80% cut (depending on the financial stability institution who holds it“. According to Godlikeproductions.com: Talked to my banking contact. He/she was called back in from vacation, no chance of vacation anytime soon.