Europe

Whenever Marc Faber appears in the financial media, in this case Bloomberg TV, one can expect the usual fire and brimstone sermon of how micromanagement of the global economy by central bankers will lead to disastrous results, something which we agree with wholeheartedly and as of two months ago, so did virtually every billionaire at Davos. Recall that just at the end of January, the WSJ when reporting from Davos said that "The world’s central banks can’t save us anymore.

Russia is now the United States’ number one threat, followed by China, North Korea and Iran according to Ash Carter The Pentagon Chief made his remarks during a a Senate hearing on the DoD’s (Department of Defense) 2017 budget request. ISIS appeared at the very end of the Pentagon’s ‘priorities list’. The terrorist group was overtaken by China, Iran and North Korea who were all described as “aggressive” countries.

Submitted by John Rubino via DollarCollapse.com,

Not so long ago the financial world viewed certain numbers as limits beyond which lay trouble. Interest rates near zero, for instance, were thought to risk destabilizing the banking system. And government fiscal deficits above 3% were considered so dangerous that exceeding this level was prohibited by the Maastricht treaty that all eurozone members were required to sign.

Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),

But of that day and that hour knoweth no man, no, not the angels which are in heaven, neither the Son, but the Father.

– Mark 13:32

La Mort, photograph of her good side.

Bigger Than a Bear Market

John McCain has become the latest critic from the US to intervene in the Brexit debate Wading into the EU referendum debate on Friday, the republican senator, who is no fan of Vladimir Putin, warned that if Britain should exit the EU it would leave Europe, America and the wider world at the mercy of Russian President. Important intervention by @SenJohnMcCain – UK membership of EU vital for security & prosperity of both Europe & U.S.