Authored by James Rickards via The Daily Reckoning,
Many readers are familiar with the original petrodollar deal the U.S made with Saudi Arabia.
It was set up by Henry Kissinger and Saudi princes in 1974 to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon had ended gold convertibility of dollars in 1971.
Since the financial crisis, most market observers and economists have cheerfully ignored the aggregate student-debt load in the US, which recently swelled to an economy-threatening $1.4 trillion. Even as student-debt, which can't be discharged in bankruptcy, grew to represent 10% of the total US debt burden, defenders of the status quo pointed to declining default rates as evidence that the government-backed student loan industry wasn’t in danger of imploding.
But that may soon change.
Submitted by Elijah Magnier, Middle East based chief international war correspondent for Al Rai Media
The decision of Kurdistan Regional Government (KRG) leader Masoud Barzani to hold a referendum for Kurdistan independence will define the future of the Kurds in north-east Syria. The international community (headed by the US with numerous military bases in Syria) is directly concerned with the reactions, verbal threats, and measures announced by the countries with a Kurdish majority and bordering Iraqi Kurdistan, i.e. Turkey, Iran, Syria and Iraq.
Maybe Elon Musk had a point…
The US’s military leaders have agreed on a strategy to guarantee the US military retains its global dominance during the twenty-first century: Connect everything with everything, as DefenseOne describes it. The result? An unimaginably large cephapoloidal nervous system armed with the world’s most advanced weaponry, and in control of all military equipment belonging to the world’s most powerful army.
Sound familiar? It should...
Earlier today Twitter Vice President for Public Policy Colin Crowell met with staff from Senate Select Committee on Intelligence and House Permanent Select Committee on Intelligence to discuss how Twitter may have been exploited by sneaky Russian operatives to sway the course of American history by undermining the candidacy of Hillary Clinton.