United States

Former U.S. Ambassador Henry Cooper has warned that North Korea may launch a ‘satellite’ concealing an electro-magnetic pulse (EMP) device, capable of completely crippling the U.S., wiping out the countries electrical grid for years.  Cooper, who was President Ronald Reagan’s chief representative in the Star War program, says that the U.S. doesn’t have the capabilities to defend itself against a potential attack from Pyongyang, whether its in the form of a nuclear device or an EMP weapon.

Are The Payroll Jobs Reports Merely Propaganda Statements?

Paul Craig Roberts

US economics statistics are so screwed up that they do not provide an accurate picture.

A Russian Ministry of Defense report states that America have conceded their total defeat in Afghanistan within hours of holding peace talks with the Taliban in the Pakistani capital city of Islamabad. At the same time the West have expressed concern that Russia’s ongoing defeat of ISIS in Syria is likely to have a huge impact on U.S.

British authorities are negotiating a deal with the U.S. that will allow them to directly serve wiretap warrants on U.S. communications companies in criminal and national security inquiries, U.S. officials have confirmed.  The new wiretapping powers will give agencies such as GCHQ the ability to monitor live communications of British suspects. Usatoday.com reports: Under the proposed plan, British authorities would not have access to records of U.S. citizens if they emerged in the British investigations. Congressional approval would be required of any deal negotiated by the two countries.

Over one year ago, when the "conventional wisdom" punditry was dreaming up scenarios in which the Fed could somehow hike rates to 3% and in some magical world where cause and effect are flipped, push the economy to grow at a comparable rate we said that not only is the Fed's tightening plan going to be aborted as it represents "policy error" and tightening in the middle of a global recession, but it will result in the Fed ultimately cutting rates back to zero and then, to negative.