Europe

Janet Yellen continues to demonstrate that she is either profoundly ignorant or dishonest. Neither of those are positive qualities for a Fed Chair.

Having maintained interest rates at essentially ZERO for seven years during the Obama years, Yellen suddenly believes it would be “unwise” to wait too long to raise rates now.

It’s a bizarre claim, particularly when you consider:

1)   The US economy is limping along at best and entering a recession at worse (2016 GDP growth was a measly 1.9% and a the latest spate of data has all suggested a contraction is underway).

Western Interests Aim To Flummox Russia

Paul Craig Roberts and Michael Hudson

An article by Robert Berke in oilprice.com, which describes itself as “The No. 1 Source for Oil & Energy News,” illustrates how interest groups control outcomes by how they shape policy choices.

Less than a month into the new administration, President Trump security team has been plunged into "turmoil" following last night's unexpected resignation announcement by his now former National Security Advisor Mike Flynn. In some additional back story color, Flynn reportedly infuriated VP Pence by misleading him about the call, then not fully apologizing, the NYT reported and also added that Steve Bannon pushed for his resignation since Friday.

The Neocons and the “deep state” have neutered the Trump Presidency, it’s over folks!

The Saker

February 14, 2017

Less than a month ago I warned that a ‘color revolution ‘ was taking place in the USA.  My first element of proof was the so-called “investigation” which the CIA, FBI, NSA and others were conducting against President Trump’s candidate to become National Security Advisor, General Flynn.  Tonight, the plot to get rid of Flynn has finally succeeded and General Flynn had to offer his resignation.  Trump accepted it.

Jim Rogers Buying Gold Bullion On Dips