Couple of things: first of all, any discussion whether the US market is in a profit (or revenue) recession must stop: the US entered a profit recession in Q3 when it posted two consecutive quarters of earnings declines. This was one quarter after the top-line of the S&P dropped for two consecutive quarters, and as of this moment the US is poised to have 4 consecutive quarters with declining revenues as of the end of 2015.
US Government Drives Toward War With Russia
The arrogant stupidity of the US government is driving the West into war with Russia.
NATO members are enabling the drive toward war, and some of the more stupid ones such as Poland are egging on the momentum toward war.
Submitted by Gregory R. Copley via OilPrice.com,
Senior-level sources in numerous Middle Eastern governments have privately expressed bewilderment at recent and current U.S. government strategies and policies toward the region.
But a closer examination of U.S. policies, now almost entirely dictated by the Obama White House, shows no cohesive national goals or policies exist, but rather an ad hoc set of actions and reactions, which are largely dictated either by ideological positions, ignorance, whim, or perceived expedience.
Back in June of 2014, ISIS - which at the time hadn’t yet rampaged its way into the world’s collective consciousness - took over Mosul, Iraq’s second largest city and home to more than 2 million people.
When the city fell, it became immediately apparent that the group was quite serious about its stated goal of creating a medieval caliphate and bringing Sharia Law to the entire region.
The victory wasn’t purely symbolic. ISIS fighters captured 2,300 Humvees parked in the city and looted more than $400 million from Mosul’s central bank.
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