United States

A fascinating, recent report by the Devonshire Research Group, whose recent work on Tesla was featured here one year ago, has moved beyond the micro and tackled on of the most controversial macroeconomic topic possible: what is the true rate of inflation. What it finds is that, like others before it most notably Shadowstats and Chapwood, the accepted definition of inflation, or CPI, is dramatically understated for various reasons, both political and economic.

VIa TheAntiMedia.org,

The involvement of the U.S. military in an upcoming multilateral military drill in South America has raised concerns over potential ulterior motives on the part of the U.S.

The drill, dubbed “Operation: America United,” will involve the installation of a temporary military base on the triple border shared by the drill’s other participating nations: Peru, Brazil and Colombia.

Update: Reuters confirms that the US arming of yet another ethnic group in the middle east is now a "go"

• WHITE HOUSE APPROVES SUPPLYING WEAPONS TO YPG FIGHTERS IN SYRIA - U.S. OFFICIAL TELL REUTERS
• WEAPONS TO HELP YPG FIGHTERS IN RAQQA OFFENSIVE, NO TIMELINE DISCLOSED FOR START OF SUPPLYING ARMS

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From Nicholas Colas of Convergex

Today we continue our recent exploration of the ongoing low volatility in US equity markets, but with a novel twist.  Instead of looking at the CBOE VIX Index, we look at the historical trends in actual S&P 500 price volatility.  Not only is the dataset longer here (starting in the 1950s rather than 1990), but it is also “Stickier” than the twitchy VIX. 

Three takeaways. 

Authored by Jeff Thomas via InternationalMan.com,

Recently, I published the comment that, when the present debt bubble eventually pops, “governments will lose the economic power to continue their advance against economic freedom.”

The immediate reaction from one reader was, “What could we expect next?… The governments and Deep State aren’t going to ‘just go away.’”

An excellent question—one which deserves an answer.