In a unanimous decision, the United Nations Security Council on Monday tightened sanctions against North Korea after Russia, China and the US compromised on a watered-down agreement that cut North Korean exports by 90%, reducing the refined products available to North Korea by 44% and fuel by 30% - though it did not touch the North Korean oil trade.
In an unexpectedly strong diplomatic escalation, one day after China agreed to vote alongside the US (and Russia) during Monday's United National Security Council vote in passing the watered down North Korea sanctions, the US warned that if China were to violate or fail to comply with the newly imposed sanctions against Kim's regime, it could cut off Beijing’s access to both the US financial system as well as the "international dollar system."
Authored by Nick Giambruno via InternationalMan.com,
Public pensions are a financial time bomb... and I see two ways to profit from the explosion.
In the US, unfunded public pension liabilities have surpassed $5 trillion. And that’s during an epic stock and bond market bubble.
Predictably, the government’s go-to “solution” is already making matters worse.
At first, distressed states simply increase taxes.
Submitted by Brad Hoff via The Canary
The fires which began with the 9/11 attacks were never extinguished. They continue to burn fiercely from Afghanistan to Iraq to Syria to Yemen to North Africa, as the region and its regimes came unglued in the wake of George W. Bush’s ‘war on terror’.
Authored by Ryan McMaken via The Mises Institute,