LATEST NEWS : We Are So Not Prepared For Another Oil Shock

In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or $200, and either way we’re in trouble. But the cost of energy can still play a role in the timing and shape of the next financial crisis. The housing/derivatives bubble […]

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LATEST NEWS : China Calls Iran a ‘Strategic Partner’

On Monday China and Iran agreed to deepen defense ties, according to Chinese state media. The announcement was made following a meeting between Chinese Defense Minister Chang Wanquan and his Iranian counterpart, Hossein Dehqan. According to Reuters, which quoted a report in Xinhua News Agency, China said that bilateral relations “remained positive and steady, featuring frequent high-level […]

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Russia Warns It May Play The 'Iran Card' Over Ukraine Sanctions

A senior Russian diplomat signaled a possible shift Wednesday in Russia’s position on the ongoing Iranian nuclear talks amid tensions with the United States and other Western countries, according to The Associated Press. Russian Deputy Foreign Minister Sergei Ryabkov was quoted by the Russian news organization Interfax as saying the recent sanctions announced by the European Union […]

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Iran Agrees to Deal With Powers to Curb Nuclear Work

Iran’s accord with world powers to limit its nuclear program in exchange for as much as $7 billion in relief from sanctions left Presidents Barack Obama and Hassan Rouhani the task of selling the deal to critics. By agreeing to curtail its nuclear activities, Iran won an easing of certain sanctions on oil, auto parts, gold and precious metals […]

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Report: NSA Spied on 124 Billion Phone Calls in One Month

The National Security Agency recorded information about more than 124 billion phone calls during a 30-day period earlier this year, including around 3 billion calls from U.S. sources, according to a tally from top-secret documents released by multiple news outlets. Documents revealing details about the NSA’s Boundless Informant program show that information regarding billions of […]

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Will War With Syria Cause The Price Of Oil To Explode Higher?

“Are you ready to pay four, five or possibly even six dollars for a gallon of gasoline?  War has consequences, and a conflict with Syria has the potential to escalate wildly out of control very rapidly.  The Obama administration is pledging that the upcoming attack on Syria will be “brief and limited” and that the […]

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The “New Economy” Is The No Jobs Economy — Paul Craig Roberts

“Dear Readers, I am flattered by the traffic on this site, and by the generosity of donors from across the United States–large cities and small villages–and the world. We have donations from Indonesia, Russia, Taiwan, Hong Kong, most countries in Europe and from Canada, Australia, and New Zealand. It is exciting to me that people […]

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