United States

The Rule Of Law No Longer Exists In Western Civilization

Paul Craig Roberts

Despite Ammon Bundy’s best efforts to explain the motives of the militiamen who over the weekend seized control of a remote federal building in Oregon, it’s still not entirely clear why several dozen US citizens decided to occupy the Malheur National Wildlife Refuge.

• Global share market settles after stormy start to year (Reuters)
• Stocks Extend Losses as Yen, Gold Rise on Lingering China Unease (BBG)
• China battles to shore up stocks, yuan after globe-shaking slide (Reuters)
• China Said to Intervene in Stocks After $590 Billion Selloff (BBG)
• Volkswagen faces billions in penalties as U.S. sues for environment violations (Reuters)
• Obama tightens gun rules, requires more background checks (Reuters)
• Obama to Announce Expansion of Background Checks for Gun Purchases (WSJ)

After yesterday's historic -6.9% rout in the Shanghai Composite, which saw the first new marketwide circuit breaker trading halt applied to Chinese stocks (on its first day of operation), many were wondering if the Chinese government would intervene in both the once again imploding stock market, as well as China's plunging and rapidly devaluing currency.

THE DRAIN CONTINUES: U.S. Exports More Gold To Hong Kong Than It Produces

Posted with permission and written by Steve St. Angelo, SRSrocco (CLICK FOR ORIGINAL)