- Within 72 hours of the Japan tsunami in 2011, we had analyzed the situation and concluded with high probability that three core meltdowns had occurred at the Fukushima nuclear plant. While it took years for officials to finally admit to the full extent of the crisis, history has validated our initial analysis.
- How did we get it right? By using a science-based approach grounded in observation, deduction and a healthy skepticism of what the “experts” in charge claimed. We also went to great lengths to educate our readers about the science in play, explaining in detail how radioactivity and contamination differ, the health risks from such a nuclear accident, and what concerned folks could do to remain as safe as possible.
- When California’s authorities suddenly reversed course and scrambled to evacuate nearly 200,000 residents living downstream of the Oroville dam, within an hour, we had released an analysis of the situation…
Read more at:The Mother Of All Financial Bubbles: “This Is The Very Definition Of Unsustainable”
- One day after John McCain made a questionable diplomatic outburst when as part of a US diplomatic tour meant to reassure Europe, and NATO, of Trump’s support, the Senator told participants at a Security Conference in Munich that the Trump administration is in “disarray”, on Saturday morning Vice President Mike Pence did his best to return to conventional foreign policy after he vowed that the United States will “hold Russia accountable.” In an address to the Munich Security Conference, Pence assured European allies that the U.S. “strongly supports” NATO and will be “unwavering” in its commitment to trans-Atlantic institutions like NATO.
- Pence also said the U.S. would demand that Russia honor a 2015 peace deal agreed upon in Minsk, Belarus, to end violence in eastern Ukraine between government forces and Russia-backed separatists.
- “Know this: The United States will continue to hold Russia accountable, even as we search for new common ground which as you know President Trump believes can be found,” Pence said.
Read more at:Mike Pence Vows “Unwavering Support” For NATO, Pledges To Hold Russia “Accountable”
- When the cost of living rises faster than paychecks do year after year, eventually that becomes a very big problem. For quite some time I have been writing about the shrinking middle class, and one of the biggest culprits is inflation. Every month, tens of millions of American families struggle to pay the bills, and most of them don’t even understand the economic forces that are putting so much pressure on them.
- The United States never had a persistent, ongoing problem with inflation until the debt-based Federal Reserve system was introduced in 1913. Since that time, we have had non-stop inflation and the U.S. dollar has lost more than 98 percent of its value. If our paychecks were increasing faster than inflation this wouldn’t be a problem, but in recent years this has definitely not been the case for most Americans.
- And unfortunately inflation is starting to accelerate once again. In fact, it is being reported that inflation rose at the fastest pace in four years in January…
Read more at:This Is One Of The Big Reasons Why So Many Families Are Feeling Extreme Financial Stress
- Dennis Kucinich, Former U.S. Rep. and Democratic presidential candidate, defended Donald Trump on “Mornings with Maria” on Tuesday.
- In regards to Michael Flynn’s resignation, Kucinich defended Trump and told America to “Wake Up”
- Anti-Russia Game
- In the interview, Kucinich blamed factions of the US intelligence community for wanting to end any positive relationship between Russia and the US, hoping for a return of the cold war.
- “…the American people have to know that there’s a game going on inside the intelligence community… at the bottom of all this is the fact that there are those that seek to separate US from Russia to reignite the cold war… wake up America!!“
- Kucinich did not see this as an anti-Trump game, but rather an anti-Russia game:
Read more at:“Wake Up America” Dennis Kucinich Defends Trump, Issues Dire Warning About “Deep State”
- Consumer prices surged 0.6% in January from December, double the consensus forecast of a 0.3% rise. The sharpest monthly increase since February 2013, according to the Bureau of Labor Statistics.
- Energy prices jumped 4% month over month, including gasoline which jumped 7.8%. Food prices edged up 0.1%. Within this group, “food at home” was unchanged, but prices for “food away from home” – restaurants, taco trucks, and the like – rose 0.4%. In just one month, the prices of apparel rose 1.4%, of new vehicles 0.9%, of auto insurance 0.8%, of airline fares 2.0%.
- Shelter rose “only” 0.2%, as the national numbers are now feeling the downward pressure on rents in some of the most expensive rental markets in the US.
- Compared to January a year ago, consumer prices as measured by CPI-U surged 2.5%, after having already jumped 2.1% in December. The rate of inflation has now accelerated for the sixth month in a row. It has surged one full percentage point over the past four months and hit the highest rate since March 2012:
Read more at:Whatever Happened to Inflation after All This Money Printing? It Has Arrived!
- Over half a year after we first reported last August that foreign official institutions – central banks, sovereign wealth funds and reserve managers – are liquidating US Trasuries in record amounts, a process that only accelerated into last month when official entities sold a record $405 billion in US paper in the LTM period, Bloomberg decided to catch up to the topic with “America’s Biggest Creditors Dump Treasuries in Warning to Trump.”
- Well, not so fast, because as we also warned last month, based on more concurrent data from the Fed, showing Treasuries held in custody, the selloff most likely peaked in November, as December was a month in which foreigners were actively buying, not selling Treasuries.
Read more at:The Selling Ends: Foreign Central Banks Buy The Most Treasuries In Over Two Years
- With the news cycle once again squarely focused on Mike Flynn in particular, and the Trump Administration’s ties to Russia in general following a volley of news last night from NYT, WaPo and CNN that Trump advisors allegedly communicated with members of Russian intellgience in the year preceding the election, it was expected that Trump’s first comment of the day would be focused on the story du jour, and sure enough in his first tweet on Wednesday, President Trump blasted the “fake news media,” saying it is “going crazy with conspiracy theories and blind hatred.”
- Trump also slammed MSNBC and CNN, but said Fox News’s “Fox & Friends” is “great!”
- “The fake news media is going crazy with their conspiracy theories and blind hatred. @MSNBC & @CNN are unwatchable. @foxandfriends is great!” he tweeted.
Read more at:Trump Slams Russia Connection “Non-Sense”; Accuses “Fake News Media” Of Creating “Conspiracy Theorie