Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Could it be that America's ruling classes, its Imperial state and the Federal Reserve, no longer rule their own destiny?
America's smug ruling classes are supremely confident: they feel no fear, no caution, and exhibit no prudence.
I outlined the five ruling classes in America's Nine Classes: The New Class Hierarchy.
Submitted by Gail Tverberg via Our Finite World blog,
We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely.
Figure 1. Ratio of Imported Goods and Services to GDP. Based in FRED data for IMPGS.
By EconMatters
We broke out in the copper market today. We look at what resistance levels are in play going forward in the market.
https://www.youtube.com/watch?v=WbsoHDzcNDI
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One month ago, when we looked at the (very opaque) European banking sector and the pains it was undergoing as a result of its China and commodity exposure, we asked whether Canadian banks are next, focusing on the uncharacteristically low reserves local banks have to the loans in the oil and gas sector.
113 documents originally seized from bin Laden’s Pakistani hideout are now available to the public on the Office of the Director of National Intelligence’s website after being declassified and translated. These newly released documents reveal Osama’s handwritten will for his $29m fortune and personal correspondences, including his concerns over the environment. Osama bin Laden gave a detailed analysis in the wake of the 2008 financial crisis.