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Federal Courts Say Foreigners, Not US Citizens, Are Entitled To Due Process — Paul Craig Roberts

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Federal Courts Say Foreigners, Not US Citizens, Are Entitled To Due Process

Paul Craig Roberts

The US Constitution applies to US citizens, and the amendments known as the Bill of Rights guarantee due process as a protection of US citizens’ civil liberties. That’s the theory but not the practice.

While the World Binges on USD, Gold Awaits the Purge

While the World Binges on USD, Gold Awaits the Purge

FIAT Drainage Has Begun

Vince Lanci for MarketSlant.com

Gold will meet head winds as the world continues to hedge most of its  uncertainty with flights to the USD. Unless that uncertainty abates, it must in the end spread all the way to the US. This will happen regardless of what you think of Trump's policies. Trump may accelerate or slow the inevitable. But Government can only slow or speed up market clearing events. They cannot stop them. 

North Korea Threatens US With "Merciless Strikes" As US Carrier Arrives

North Korea Threatens US With "Merciless Strikes" As US Carrier Arrives

One day after South Korea press reported that US special forces, including a Delta Force team and the infamous SEAL Team 6 are participating in local drills, practicing the removal of Kim Jong-un as well as the infiltration and destruction of North Korea’s weapons of mass destruction, North Korea threatened the US with "merciless" attacks if an aircraft carrier strike group led by the USS Carl Vinson, which is currently taking part in joint South Korean drills "infringes on its sovereignty or dignity", Reuters reported on Tuesday.

Trump & Yellen: Conflicted Visions

“It was the best of times, it was the worst of times, it was the age of wisdom,

it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity,…”

Charles Dickens

A Tale of Two Cities

I'm back -- Chris

This week’s meeting of the Federal Open Market Committee is being set up in the financial media as a contest between the anti-inflation tendency led by Fed Chair Janet Yellen and the pro-growth forces led by President Donald Trump.  Would that it were so.  

Global Stocks Drop Ahead Of Fed Rate Decision; Dollar Rises As Sterling Tumbles

Global Stocks Drop Ahead Of Fed Rate Decision; Dollar Rises As Sterling Tumbles

European stocks declined for first session in five ahead of Wednesday's Dutch elections, debt ceiling expiration and the conclusion of the Fed's 2-day meeting where it is expected to raise rates by 25 bps. Tightening concerns emerged, also dragging down Asian shares and S&P futures, while the dollar continued its rise for a second day. Crude oil has ended its six-day drop. The pound tumbled 0.8% to the lowest since mid-January in a delayed reaction after Theresa May won permission to trigger the country’s departure from the EU.

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