Authored by Eric Zuesse,
America’s military budget is roughly 7.2 times that of Russia ($610 billion compared to $84.5 billion), but even Western news-accounts are saying that the weaponry produced in Russia is superior overall to the weaponry produced in the United States.
Submitted by Simon Black via SovereignMan.com,
Even before his coronation in 1626, King Charles I of England was almost bankrupt.
His predecessors King James and Queen Elizabeth had run the royal treasury down to almost nothing.
Costly war and military folly had taken its toll. The crown had simply wasted far too much money, and brought in too little.
To make matters worse, King Charles was constantly at odds with parliament.
Via Scotiabank's Guy Haselmann,
Rapidly Standing Still
As Europe struggles to cope with a migrant crisis that’s already the worst refugee catastrophe since World War II and which threatens to spiral even further out of control once the weather turns in the spring, officials have offered a variety of possible “solutions” to the various refugee-related “problems” that have cropped up.
Some are better than others.
We are being lied to....The Federal Reserve has been telling us how great the economy is and how we are on track for higher rates as it continues to improve. However the markets are most definitely telling us something different.
The stress that the markets are experiencing has not been an overreaction; it is a perfectly reasonable and considered response to a series of real worries which perhaps one at a time would be manageable but grouped together look formidable.