As Republican and democrat politicians hold emergency meetings to decide how to avoid a meltdown of Wall Street, the smell of hyperinflation looms in the air as much today as it did in Germany during the opening months of 1922.
I am an avid board game player. I’m not much for the classics like chess or go, preferring the more modern ones. But, regardless, as a person who appreciates the delicate balance between strategy and tactics, I have to say I am impressed with Russian President Vladimir Putin’s sense of timing.
Because if there was ever a moment where Putin and Russia could inflict maximum pain on the United States via its Achilles’ heel, the financial markets and its unquenchable thirst for debt, it was this month just as the coronavirus was reaching its shores.
Think “War of the Worlds’ On a global scale. Alien invasion switched out to viral invaders.
War of the Worlds Broadcast Spreads Hysteria Through Out the US
Was there an alien invasion? Of course there wasn't.Yet, people were so filled with fear...
The Trump administration has weighed in to back Egypt in its long-running dispute with Ethiopia over a crucial hydroelectric dam about to come into operation. Instead of taking a consensual approach to resolve the stand-off, President Trump has ditched a mediator role for the U.S. to become an advocate for Egypt.
In doing so, the White House is running the risk of alienating good relations with African nations. It appears that Trump is willing to trade that African loss for gaining leverage over Arab nations in pursuit of his Middle East ambitions.
This Thursday, the markets took a 1000 point hit which was more than a little startling for many investors since the last 1000 point fall only happened three days prior… all in all bringing the financial markets to lows not seen since April 2011, and veering dangerously close to a precipice which has 1929 written all over it.
The over 1000 point plunge of the stock market on Feb 27th and broader ruptures of the financial system last week have been yet another wake up call for those who have been contented so far to “live in the moment” of fast money.
There are several versions of the old German folk tale of Rumpelstiltskin. The story begins with greedy king who is told by a foolish old miller that a young girl (the miller’s daughter) had the ability to spin hay into gold. When the poor girl is locked into a tower with bales of straw, a loom and orders to transform it all into gold under threat of death, a magical imp appears out of thin air and they reach an agreement: He will use his magic to spin the hay into gold on the condition that the girl gives the imp her first born child.
U.S. right-wing radio commentator Rush Limbaugh, to whom Donald Trump recently awarded a Presidential Medal of Freedom, an honor usually bestowed upon those who have markedly improved society in some way, recently suggested that the coronavirus, also known as COVID-19, was nothing more than the “common cold” that was “weaponized” by opponents of Trump to use it against him in this year’s election. Such pandering to those on the lunatic fringe who oppose modern science and medicine, including vaccinations, is not limited to the radio airwaves.
Coincidence? Some kind of economic warfare? Can't be sure. But, find the information below interesting. Particularly due to the parties involved.
Pipelines convey fluids and gas within and between many countries and continents and in addition to making a profit for producers indubitably benefit those for whom the raw materials are destined. In India, for example, the most recent gas pipeline project is going to bring comfort to the neglected peoples of the north-east, as part of the grid being constructed to reach remote locations — which is expensive.
