United States

The world will soon be facing a tsunami of defaults on bad debts. This will include municipal or local government defaults, governments “defaulting” on promises they’ve made to the people (Social Security, Medicaid), a default on the social contract between society and politicians such as the one in Cyprus (a default on the notions of private property and Democracy), stealth defaults on debts in the form of inflation and finally, of course, outright sovereign defaults.

The sovereign defaults will come last; all other options will be tried first.

Via SputnikNews' John Harrison,

Dr. Paul Craig Roberts, who served as an Assistant Secretary of the Treasury for Economic Policy in the Reagan administration, shares his view that there is a real likelihood of a nuclear war breaking out. Below are the main points covered in this radio programme.

(click image for link to full interview)

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Submitted by Alasdair Macleod via GoldMoney.com,

Some reflections to read over the Easter holidays

With Japanese and Eurozone interest rates becoming increasingly negative, and the Fed backing off from at least some of the planned increases in the Fed funds rate this year, economists are reassessing the interest rate outlook.

Does The United States Still Exist?
An address delivered to the Libertarian Party of Florida on March 23, 2016 in Destin, Florida

Paul Craig Roberts