Europe

The Persecution of Julian Assange

Paul Craig Roberts

“We need a political intervention to make this situation end. He (Assange) is the only political prisoner in Western Europe.” Juan Braco

Another Step Toward Armageddon

Paul Craig Roberts

The US military/security complex has taken another step toward Armageddon. The Pentagon has prepared a nuclear posture review (NPR) that gives the OK to development of smaller “useable” nuclear weapons and permits their use in response to a non-nuclear attack.

Over the past week we have shown on several occasions that there once again appears to be a sharp, sudden dollar-funding liquidity strain in global markets, manifesting itself in a dramatic widening in FX basis swaps, which - in this particular case - has flowed through in the forward discount for USDJPY spiking from around 0.04 yen to around 0.23 yen overnight. As Bloomberg speculated, this discount for buying yen at future dates widened sharply as non-U.S.

One thing is for sure, when Dr.Copper's price is falling, the silence from prognosticators is deafening; but when it's rising it is the greatest indication of the global growth narrative the world has ever known. However, there's a hole in that story...

LME Copper prices are up for 9 straight days - the longest wining streak since 2004 - (and 13 of the last 14 days) pushing prcies above $7,200 intraday - the highest since 2014...

Gold, Bitcoin and the Blockchain Replaces the Banks - Realists Guide To The Future