Some Canadians May Eat Themselves To Death Unless Oil Prices Rise, Doctor Warns

Late last month in “This Is Canada's Depression: Surging Crime, Soaring Suicides, Overwhelmed Food Banks ‘And The Worst Is Yet To Come,’” we took a sweeping look at what is truly pitiable situation in Alberta, the heart of the Canadian oil patch.

Roughly a third of provincial revenue is derived from “resources” which means that when oil prices collapsed, the territory plunged into recession. Oil and gas investment fell by more than a third in in 2015 and in its latest fiscal update, the government said it fully expects the weakness to carry into 2016.

China Carnage Continues: Despite Huge Liquidty Injection, Stocks & Currency Are Tumbling

Despite the biggest liquidity injection (CNY130bn) in 4 months, it appears Kyle Bass' top trade remains well on target as Offshore Yuan plunges, underperforming Onshore Yuan despite the largest Fix devaluation in two months. In a word - it's chaos in Chinese markets. The Shanghai Composite looks to be opening down 3% - extending yesterday's losses (beyond the US session's ADR's move). What a mess.

 

First: PBOC devalues the Yuan fix by the most in 2 months...

 

"Refuse To Compromise", Ron Paul Implores "Purism Is Practical"

Submitted by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

Those who advocate ending, instead of reforming, the welfare-warfare state are often accused of being “impractical.” Some of the harshest criticisms come from libertarians who claim that advocates of “purism” forgo opportunities to make real progress toward restoring liberty. These critics fail to grasp the numerous reasons why it is crucial for libertarians to consistently and vigorously advance the purist position.

Is 2016 The Year Of The Dollar Collapse?

Submitted by Simon Black via SovereignMan.com,

On September 4, 1993, President Bill Clinton spoke about the American Dream in a weekly radio address.

He told his audience that “in America, the idea is that if you work hard and play by the rules, you’ll be rewarded with a good life for yourself and a better chance for your children.”

That’s what America used to stand for, and indeed much of the Western world. Freedom. Truth. Hard work and fair play. Building a better life.

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