Over the past year, the credit cycle finally turned, and has unleashed the latest default cycle. In fact, as BofA's Michael Contopoulos warned last week, it may be the worst default cycle in history with "cumulative losses over the length of the entire cycle could be worse than we’ve ever seen before."
it has been a rather quiet session, which saw Japan modestly lower dragged again by a lower USDJPY which hit fresh 17 month lows around 170.6 before staging another modest rebound and halting a six-day run of gains; China bounced after a slightly disappointing CPI print gave hope there is more space for the PBOC to ease; European equities rose, led by Italian banks which surged ahead of a meeting to discuss the rescue of various insolvent Italian banks, while mining stocks jumped buoyed by rising metal prices with signs of a pick-up in Chinese industrial demand.
by Ron Paul
On Sunday Ukrainian prime minister Yatsenyuk resigned, just four days after the Dutch voted against Ukraine joining the European Union. Taken together, these two events are clear signals that the US-backed coup in Ukraine has not given that country freedom and democracy. They also suggest a deeper dissatisfaction among Europeans over Washington’s addiction to interventionism.
In light of today's 60 Minutes segment, according to which classified "28 pages" may shed light on Saudi ties to terrorism, here is a an article which was originally posted in the December 2015 edition of Future of Freedom. More to follow tomorrow.
28 Blank Pages: Washington’s Cover-Up Of The Saudi Role In The 9/11 Terrorist Attack Continues
One day after reprorting that British military information services Janes, had found confirmation of several shipments amounting to 3,000 tons of weapons and ammo to Al-Qaeda linked Syrian rebels in a transport solicitation on the U.S. government website FedBizOps.gov, today Veterans Today goes deeper into the rabbit hole and reports that several Iraqi policemen claim to have seen US aircraft dropping weapons and munitions for ISIS terrorists in a region west of the Anbar province on Friday.