This post was published at World Alternative Media
This post was published at World Alternative Media
Just days after we showed satellite images which indicated that Chinese ships were trading oil with North Korean ships in a blatant violation of UN Security Council sanctions, South Korea said Friday that it was holding a Hong Kong flagged ship suspected of doing just that.
The Lighthouse Winmore is believed to have “secretly transferred” about 600 tons of refined petroleum products to the North Korean ship, the Sam Jong 2, in international waters in the East China Sea on Oct. 19, according to Bloomberg and the Associated Press.
The Hong Kong vessel had previously visited Yeosu port on Oct. 11 to load up on Japanese oil products and departed the port while claiming its destination was Taiwan. Instead, it transferred the oil to the Sam Jong 2 and three other non-North Korean vessels in international waters
This post was published at Zero Hedge on Fri, 12/29/2017 –.
WTI/RBOB had roundtripped off initial API gains into the DOE data this morning which confirmed the sixth weekly crude draw, gasoline build in a row. Production dropped for the first time in 2 months, but WTI limped lower after the data.
Bloomberg Intelligence Energy Analyst Vince Piazza notes that attention turns to 2018 after a relatively quiet holiday season. Concerns for production growth with stout hedging likely places a ceiling on WTI in the $60 range. Domestic storage remains elevated heading into a benign 1Q, even with the tailwind of crude exports.
It’s difficult to appreciate how it gets much better for global crude with the OPEC/Russia accord in the rear view and North Sea and Canadian pipeline issues largely transitory curtailments. Regime intrigue in Saudi Arabia and broader geopolitical concerns in the region aid uncertainty and boost risk premiums, but the WTI benchmark is likely to be range bound next year on higher domestic upstream production.
This post was published at Zero Hedge on 12/28/2017 –.
Among liberty activists, there is a rather universal consensus on what ails our nation. We understand that there is a concerted and deliberate effort by the establishment to undermine individual rights and constitutional protections. We understand that there is a coordinated effort by international financiers to destabilize our economy and siphon wealth from the middle class until it shrivels up and dies. We understand that there is an organized plan to radicalize the public along ideological lines and pit them against each other. We understand that geopolitics and regional wars are exploited to distract us from underlying issues. There is not very much debate over these realities; the evidence is overwhelming.
However, there is constant disagreement among activists on solutions to these problems, and there are several reasons why this conflict persists. Let’s examine them…
Ease Versus Struggle
This is one conflict that I don’t think many people recognize or pay much attention to, but it stands as a key weakness that derails effective action. There is a distaste among some liberty activists for the idea of self sacrifice and struggle in achieving freedom. The reality is most fights are won through persistence and force of will; there are no shortcuts to defeating tyranny. There are no secret weapons. There is only indomitable spirit. That’s it. It doesn’t matter if you have a movement of 100 people or 100 million – any goal is achievable, but only so long as you accept the cost of pain and sacrifice required.
This post was published at Alt-Market on Thursday, 28 December 2017.
In August 1914, Europe’s major powers threw themselves into war with gleeful abandon. Germany, a rising power with vast aspirations, plowed across Belgium, seeking to checkmate France quickly before Russia could mobilize, thereby averting the prospect of a two-front war. Thousands of young Germans, anticipating a six-week conflict, boarded troop trains singing the optimistic refrain: ‘Ausflug nach Paris. Auf Widersehen auf dem Boulevard.’ (‘Excursion to Paris. See you again on the Boulevard.’)
The French were eager to avenge the loss of Alsace and Lorraine to Germany in 1870. The British government, leery of Germany’s growing power, mobilized hundreds of thousands of young men to ‘teach the Hun a lesson.’ Across the continent, writes British historian Simon Rees, ‘millions of servicemen, reservists and volunteers … rushed enthusiastically to the banners of war…. The atmosphere was one of holiday rather than conflict.’
Each side expected to be victorious by Christmas. But as December dawned, the antagonists found themselves mired along the Western Front – a static line of trenches running for hundreds of miles through France and Belgium. At some points along the Front, combatants were separated by less than 100 feet. Their crude redoubts were little more than large ditches scooped out of miry, whitish-gray soil. Ill-equipped for winter, soldiers slogged through brackish water that was too cold for human comfort, but too warm to freeze.
The unclaimed territory designated No Man’s Land was littered with the awful residue of war – expended ammunition and the lifeless bodies of those on whom the ammunition had been spent. The mortal remains of many slain soldiers could be found grotesquely woven into barbed wire fences. Villages and homes lay in ruins. Abandoned churches had been appropriated for use as military bases.
This post was published at Mises Canada on DECEMBER 27, 2017.
The first thing to go when a country is moving into economic crisis is the arts. This is intermixed with various social programs. As the economic crisis broadens, demand for taxing the rich rise. However, all this accomplishes is to cause capital to hide and hoard even more refusing to invest or spend and this then adds to the economic decline.
The BRICS were touted as the new rage in the world economy. The BRICS were even holding their own summits and they were supposed to surpass the G7, were all the forecasts. Brazil, Russia, India, China and South Africa became known as the ‘BRIC’ nations back in 2001 which was a term coined by of course Goldman Sachs.
This post was published at Armstrong Economics on Dec 27, 2017.
Tell me again why we don’t toss our so-called “free trade” with China right here and now…..
According to South Korean government sources, the satellites have pictured large Chinese and North Korean ships illegally trading in oil in a part of the West Sea closer to China than South Korea.
The satellite pictures even show the names of the ships. A government source said, “We need to focus on the fact that the illicit trade started after a UN Security Council resolution in September drastically capped North Korea’s imports of refined petroleum products.”
This post was published at Market-Ticker on 2017-12-27.
While the establishment may breathe a sigh of relief looking back at political developments and events in Europe – which was spared some of the supposedly “worst-case scenarios” including a Marine le Pen presidency, a Merkel loss and a Geert Wilders victory – in 2017, any victory laps will have to be indefinitely postponed because as Goldman writes in its “Top of Mind” peek at 2018, Europe’s nationalist and populist tide was just resting, and as Pascal Lamy, the former Chief of Staff to the President of the European Commission admitted earlier this year, “Euroskeptic politicians are largely following the pulse of domestic sentiment. The fact is that the public is less enthusiastic about Europe than it once was.”
Echoing the sentiment by the europhile, Goldman’s Allison Nathan writes that while the Euro area’s most immediate political risks – i.e., populist or euroskeptic parties winning key elections this year – did not materialize, these movements have continued to gain traction.
In the Dutch elections in March, the far-right Party for Freedom performed worse than polls had once predicted, but still increased its share of the vote relative to the 2012 elections. It remains the second-largest party in parliament. In France, concerns about the prospect of Marine Le Pen winning the presidency gave way to optimism over Emmanuel Macron’s reform agenda; nonetheless, Le Pen posted the best-ever showing for her party in a presidential race. In Germany, Chancellor Angela Merkel’s CDU-CSU retained the largest number of seats in the Bundestag, but the far-right Alternative fr Deutschland (AfD) entered it for the first time with 13% of the vote. And elsewhere in Europe, populist parties on various parts of the political spectrum performed well enough to participate in government coalitions; indeed, an anti-establishment candidate in the Czech Republic recently became prime minister Some other observations and lessons from recent European events in the twilight days of 2017:
This post was published at Zero Hedge on Dec 26, 2017.
The many new integrated non-USD platforms devised and constructed by China finally have critical mass. They threaten the King Dollar as global currency reserve. Clearly, the USDollar cannot be displaced in trade and banking without a viable replacement for widespread daily usage. Two years ago, critics could not point to a viable integrated system outside the USD realm. Now they can. The integration of commercial, construction, financial, transaction, investment, and even security systems can finally be described as having critical mass in displacing the USDollar. The King Dollar faces competition of a very real nature. The Jackass has promoted a major theme in the last several months, that of the Dual Universe. At first the USGovt will admit that it cannot fight the non-USD movement globally. To do so with forceful means would involve sanctions against multiple nations, and a war with both Russia & China. Their value together is formidable in halting the financial battles from becoming a global war. The United States prefers to invade and destroy indefensible nations like Libya, Iraq, Ukraine, Syria, and by proxy Yemen. The USMilitary appears formidable against undeveloped nations, seeking to destroy their infra-structure and their entire economies, in pursuit of the common Langley theme of destabilization. In the process, the USMilitary since the Korean War has killed 25 million civilians, a figure receiving increased publicity. The Eastern nations and the opponents to US financial hegemony will not tolerate the abuse any longer. They have been organizing on a massive scale in the last several years. Ironically, the absent stability can be seen in the United States after coming full circle. The deep division of good versus evil, of honest versus corrupt, of renewed development versus endless war, has come to light front and center within numerous important USGovt offices and agencies.
The shape of the US nation will change with the loss of the USDollar’s status as global currency reserve. The starting point for the global resistance against the King Dollar was 9/11 and the onset of the War on Terror. It has been more aptly described as a war of terror waged by the USGovt as a smokescreen for global narcotics monopoly and tighter control of USD movements. Then later, following the Lehman failure (killjob by JPMorgan and Goldman Sachs) and the installation of the Zero Interest Rate Policy and Quantitative Easing as fixed monetary policies, the community of nations has been objecting fiercely. The zero bound on rates greatly distorted all asset valuations and financial markets. The hyper monetary inflation works to destroy capital in recognized steps. These (ZIRP & QE) are last ditch desperation policies designed to enable much larger liquidity for the insolvent banking structures. Without them, the big US banks would suffer failure. They also provide cover for the amplified relief efforts directed at the multi-$trillion derivative mountain. In no way, can the global tolerate unbridled monetary inflation which undermines the global banking reserves.
This post was published at GoldSeek on 26 December 2017.
Having worked closely with U. S. intelligence agencies over the last two decades, James Rickards was once asked to simulate asymmetric economic attacks on the U. S. financial system. He is an expert at escalation scenarios and end games, and in a recent article at The Daily Reckoning he warns that the geopolitical situation on the Korean Peninsula will soon come to a head.
According to Rickards, author of The Road To Ruin: The Global Elites Secret Plan For The Next Financial Crisis, while the world concerns itself with stock bubbles, bitcoin and debt, the most imminent threat we face is military confrontation with North Korea.
And while the rogue state has been an ongoing threat for many years, the first half of 2018 will likely see the trigger that sets the whole powder keg off:
The most important financial or geopolitical issue in the world today is a coming war between the U. S. and North Korea, probably in the next twelve weeks.
This post was published at shtfplan on December 26th, 2017.
Authored by Ethan Gaines via A Cold War Relic blog,
I love selling cars, the industry gave me a purpose after the shitty experience of being a corporate cog. But I’m truly starting to fear the worst for the American car industry.
The industry has shown growth since the dark days of the recession but the business model morphed into an ugly free for all.
Automotive credit has become easier in the last few years, and manufacturers are still seeking whatever growth they can come up with in our market at any cost.
This post was published at Zero Hedge on Dec 22, 2017.
Authored by Andrew Korybko via Oriental Review,
Poland, one of the most loyal EU members, was just stabbed in the back by Brussels after the bloc initiated punitive Article 7 proceedings against it, proving that Warsaw’s unwavering loyalty to the West was worthless this entire time and thus giving Poles a reason to reconsider whether it’s time that they attempted to restore their long-lost Great Power status in Europe.
Many Poles were shocked to hear that Brussels had begun the process to sanction their country, despite knowing in the back of their minds all along that this was a very probable scenario. The EU had been warning Poland for months now that it wouldn’t tolerate the ruling Law & Justice party’s (PiS) judicial reforms, labelling them as ‘anti-democratic’ in spite of the same envisioned changes already being in place in many Western European countries. All that PiS wants to do is make it so that judges are accountable to the people, not to one another, and break the backs of the communist-era clique that still controls the country’s courts. This is crucial in the modern context because PiS follows a EuroRealist ideology that aspires to improve Poland’s sovereign standing in the EU, a vision which is directly at odds with EU-hegemon Germany’s EuroLiberalism that instead wants all member states to be subservient to an unelected bureaucracy in Brussels.
EuroRealism vs. EuroLiberalism
The matter is an urgent one for Poland because PiS’ Civic Platform (PO) predecessors stacked the courts with their allies before leaving power after the ruling party won the first-ever post-communist electoral majority in the country’s history in 2015. PO’s former leader is the current President of the European Council Donald Tusk, and he and his organization are popularly regarded as Germany’s proxies in Poland. PiS, on the other hand, is allied with Hungary Prime Minister Viktor Orban’s Fidesz party, with which it shares a strident belief in the conservative ideology of EuroRealism. It had long been the case that EuroLiberalism was on the ascent in Europe ever since the end of the Cold War, but the 2008 global economic recession and the 2015 Migrant Crisis sparked a grassroots movement all across Central and Eastern Europe which has seen the rapid rise of EuroRealism.
This post was published at Zero Hedge on Dec 23, 2017.