Authored by Tom Luongo,
Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro. Now there is a report that Russia is considering the same thing. Iran will likely follow suit.
As of right now this is just a rumor, but it makes some sense. So, let’s treat this rumor as fact for the sake of argument and see where it leads us.
Authored by Andrew Korybko via Oriental Review,
Russia has every right to withdraw most of its Aerospace Forces from Syria following Daesh’s defeat, with one of the most immediate consequences of this move being that it will prompt President Assad into a “political compromise” with the “opposition”.
Authored by S.T.Karnick via Specator.org,
Freedom requires a sense of personal responsibility if it is to survive.
North Korea may have successfully bluffed its way into getting the US to stop holding massive army drills with South Korea's army.
Authored by James Howard Kunstler via Kunstler.com,
And so, as they say in the horror movies, it begins…! The unwinding of the Federal Reserve’s balance sheet. Such an esoteric concept!
Is there one in ten thousand of the millions of people who sit at desks all day long from sea to shining sea who have a clue how this works? Or what its relationship is to the real world?