Submitted by Mac Slavo via SHTFPlan.com,
It seems the end really is nigh for the U.S. dollar.
And the mudfight for global dominance and currency war couldn’t be more ugly or dramatic.
The Saudis are now openly threatening to take down the U.S. economy in the ongoing fallout over collapsing oil prices and tense geopolitical events involving the 9/11 cover-up. The New York Times reports:
by David Haggith from The Great Recession Blog
As predicted relentlessly here, the scuttled meeting in Doha to limit oil production broke up with no agreement at all. The meeting foundered like a tanker snagged in the dessert sands because of the singular obvious factor that should have sunken all hope weeks ago but did not: Saudi Arabia said, “No deal without Iran.”
Doha disaster predictable yet not the disaster that was predicted
There is little joy for bulls in David Kostin's latest weekly kickstart, in which the chief Goldman strategist says that "the S&P 500 has reached our 2016 year-end target of 2100. We expect that the index will remain at this level given tepid US GDP growth, a mixed earnings outlook, and elevated valuation. Corporate repurchases are the main source of US equity demand. We forecast S&P 500 gross buybacks will rise by 7% to $600 billion in 2016.
Submitted by Pam Martens and Russ Martens via Wall Street On Parade,
Whether it is due to Trump's increasingly vocal anti-free trade rhetoric or due to the ongoing deterioration in the global economy, there has been a big change in the public's perception toward the transatlatnic deal known as TTIP in the recent months, with support for the agreement which was drafted by big corporations behind closed doors tumbling.