TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
The revelation that Russia worked privately with the Saudis “on Trump’s order” to aid the U.S. effort to halt Iranian oil exports without causing a supply shock seems to contradict Russia’s public promise to defend Iran’s economy against aggressive U.S. sanctions. MOSCOW – On Wednesday, Reuters reported the details of a private and “secret” deal reached between Russia Read More…
In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal Read More…
Two days ago we previewed the US budget deficit for the first 11 months of fiscal 2018, which according to CBO data, hit $895 billion, up $222 billion or 39% from the same period last year. Additionally, we noted that according to CBO calculations, the US would hit a $1 trillion deficit in calendar 2019, one year Read More…
Further oil price increases could trigger a slowdown in domestic or global economic growth, which could further complicate the U.S.’ Iran policy and Trump’s domestic political situation. TEHRAN, IRAN — Despite the Trump administration’s “maximum pressure” campaign targeting the Iranian economy, Iran’s crude oil and oil product revenues jumped a surprising 60 percent from March 21 to Read More…
According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is more than America’s gross domestic product (GDP). Another ominous sign is that this year both Social Security Read More…
TANSTAAFL. As you may or may not know, depending on how much anarchist sci-fi literature you consume, “TANSTAAFL” is an acronym meaning “There Ain’t No Such Thing As A Free Lunch.” But while TANSTAAFL may have been popularized by Robert Heinlein in his 1966 classic, The Moon is a Harsh Mistress, at base it’s just a Read More…