United States

While the prevailing dour (or perhaps sour) overnight mood was a continuation of the weak oil theme which started yesterday after Iran said the production freeze proposed by Saudi and Russia as "ridiculous", and Saudi oil minister Al-Naimi said that Saudi won't cut supply and that high-cost producers need to either "lower costs, borrow cash or liquidate” (ideally the latter), risk sentiment was further dented when BOJ Governor Kuroda says he won’t target FX rates or stocks, which is clearly nonsense, and further spooked Japanese asset prices (Nikkei -0.85), while s

If you listen to administration officials, the key to winning the war on ISIS is to cut off the group’s funding, some of which the government claims is tied up in stacks of U.S. dollars. At the same time, banking interests and policymakers claim possession of a $100 bill is practically evidence of criminality in and of itself. As these two efforts to stigmatize cash intersect, America faces a dramatic push to eliminate, or at the very least drastically curb, the existence of physical money.

Authored by Paul Craig Roberts,

In my archives there is a column or two that introduces the reader to John Perkins’ important book, Confessions of an Economic Hit Man.

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Recently, my article on weak economic underpinnings led to an interesting exchange, via Twitter, with Steve Chapman regarding debt and the impact on economic growth.

The question is: Does rising debt cause slow growth or does slow growth cause debt to rise? https://t.co/CLDQnoyUBu

Wikileaks have released a series of secret documents by the US Bureau of International Information Programs (IIP) that reveals their program of countering conspiracy theories by installing over 700 “American Spaces” abroad that are tasked with spreading anti-conspiracy propaganda.  The goal of the program is to advance “U.S. policy priorities and goals” in foreign countries, employing propagandists in 700 different locations to protect Israel for any blame for the crimes it commits or its role in the 9/11 attacks.