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Can The US Survive An EMP Attack?

While there’s no question that a nuclear strike on the Continental US would be utterly devastating, it’s not the only way a rogue state like North Korea could kill millions of American civilians in one fell swoop. Another possibility that is being studied by lawmakers and Pentagon officials is – like North Korea itself – […]

Jim Kunstler’s 2017 Year In Review

Authored by James Howard Kunstler via Kunstler.com, 2017 was the kind of year when no amount of showers could wash off the feeling of existential yeccchhhhh that crept over you day after day like jungle rot. You needed to go through the carwash without your car… or maybe an acid bath would get the stink […]

House Passes Temporary Funding To Operate Through January 19

Update: Right before ending the session and heading off for a well-deserved holiday, the House passed an $81 billion disaster-relief package in a 251-169 vote. The bill was surprisingly controversial – in part due to the enormous sum being authorized. According to Politico, the fate of the aid package is far from assured in the […]

The Coming Fiscal Derailment – Stockman Explains Why FY 2019 Will Sink The Casino

Authored by David Stockman via Contra Corner blog, Since last November 8th the Russell 2000 has risen by 30% and the net Federal debt has expanded by an astounding $1.0 trillion dollars. In a rational world operating with honest financial markets those two results would not be found in even remotely the same zip code; and especially not in month #102 of […]

The U.S. Is Not A Democracy, It Never Was

Authored by Gabriel Rockhill via Counterpunch.org, One of the most steadfast beliefs regarding the United States is that it is a democracy. Whenever this conviction waivers slightly, it is almost always to point out detrimental exceptions to core American values or foundational principles. For instance, aspiring critics frequently bemoan a “loss of democracy” due to […]

Shocking Video Shows What Everyday Life Is Like In Puerto Rico Now

Authored by Daisy Luther via The Organic Prepper blog, In Puerto Rico, everything has changed since Hurricane Maria struck nearly 3 months ago. Many people have no running water. And if they do, it can’t be consumed without boiling. There’s no electricity in many regions. Supplies are scarce. I’ve written about the SHTF aftermath in […]

Frontrunning: December 14

Disney Agrees to Buy Fox Assets in $52.4 Billion Deal (WSJ) The Fed Isn’t the Tax Cut’s Enemy (WSJ) The Republicans’ Problem Is Bigger Than Alabama (BBG) ECB Leaves Rates Unchanged and Sees QE to September or Beyond (BBG) A Christmastime Tax Cut for Some, a Lump of Coal for Others (WSJ) Putin says U.S. […]

The Best Tax Incentive In The World

Authored by Simon Black via SovereignMan.com, In a move almost destined to prove that laws and policies have absolutely zero meaning, the European Union released a list of “tax havens” last week… with a massive, giant, highly conspicuous omission. The blacklist contains the names of the usual suspects– Panama, United Arab Emirates, etc., along with […]

These Are The Top 5 Legislative Issues That Could Force The Next Government Shutdown

House Republicans successfully managed to kick the can down the road (if only for two weeks) when they managed to pass a two-week extension last week of the continuing resolution that had been funding the government since September. But after overcoming obstacles created by Democrats and conservative Republicans – with each camp pushing for priorities […]

Key Events In The Coming Week: Yellen’s Swan Song And Final Rate Hike; Draghi’s Silence, US Inflation

After last week’s payrolls report, the year is starting to wind down for economic events and capital markets, but not before one last hurrah for central banks: indeed, it is a very busy week dominated by central bank meetings for the FOMC, ECB, BOE, SNB and Norges Bank. We will also observe the controversial Alabama […]

These 8 Places Around The World Are Actively Preparing For Nuclear War

Authored by Daisy Luther via The Organic Prepper blog, Everywhere, it seems like officials are actively preparing for the possibility of nuclear war. Tensions are high in practically every corner of the world but somehow, despite the proliferation of imminent threats, many people are still blithely unaware of the hell that could be unleashed. Due […]

What Life Is Like For A Million People In Puerto Rico Who Still Don’t Have Power

Authored by Daisy Luther via The Organic Prepper blog, If you ever wondered what it would look like if the grid collapsed here on the mainland, the island of Puerto Rico is a tragic, real-life case study. These stories show us what life is like for more than a million people who STILL don’t have […]

“Rotten To The Core” OSI Shares Plunge 15% After Muddy Waters Unveils Short Position

Muddy Waters' founder Carson Block unveiled his latest short play Wednesday morning. And instead of being another obviously fraudulent Chinese company, Block's target is OSI Systems, an American firm that manufactures security equipment x-ray machines and metal detectors. The company is best known as the owner of Rapiscan Systems – a division that manufacturers scanning […]

Nearly Insolvent Illinois Just Issued AAA-Rated Bonds Via This Shady Goldman Sachs Financing Structure

The state of Illinois is a financial disaster that will undoubtedly be forced into bankruptcy at some point in the future.  As we’ve pointed out multiple times over the past several months, the state faces a staggering $130 billion funding gap on its public pensions, a mountain of debt and $16.4 billion in accrued payables […]

Trump Holding Secret Evening Meetings With Aides To Evade Kelly’s West Wing Clampdown

“Stop Bickering, Get in Early, Make an Appointment” – in the five months since John Kelly took the helm as Trump’s Chief of Staff, the former marine has reportedly turned the West Wing from a free-for-all of division and disorganization into a well oiled machine.   Mountains of unchecked paperwork no longer cross the Resolute […]