One of the reasons why central banks around the globe have flooded the financial system with trillions in excess reserves is to make sure that banks no longer have to rely on potentially fleeting short term deposits (and is also why negative interest rates have become the norm in so many part of the world, that $10 trillion in bills and bonds now trade with a negative yield).
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,
It looks like the politics in Germany are set to go from bad to worse, as Reuters is reporting that the German government is planning on spending €93.6 billion by the end of 2020 on costs related to the refugee crisis. This is an interesting turn of events, as just last month German lawmakers were discussing banning welfare payments to refugees.
Reuters has the details:
Submitted by Mac Slavo via SHTFPlan.com,
After countless reports about the potential for nuclear or radioactive weapons of mass destruction being smuggled into the United States, the State of Texas is has begun to take the threat seriously.
Via Houston Public Media:
Submitted by Claire Bernish via TheAntiMedia.org,
United States exceptionalism has created a preternaturally excessive number of military installments, deployments, and bases around the world. In point of fact, as David Vine described for the Nation in September 2015: