America, like a strung out crack addict, is in desperate need of an intervention. I will warn you up front — the following videos are hard to watch. Eating while…
Economy
Could the Strategic Petroleum Reserve storage caverns collapse?
Congress in 1975 enacted the Energy Policy and Conservation Act (“EPCA“), creating the Strategic Petroleum Reserve. The Act attempts to shield the U.S. economy from oil supply shocks, including those…
The Rise of BRICS and the Fall of the G20
When the the G20 aka Group of 20 was created in 1999, the United States was the big dog at the table and saw this new entity as another forum/tool…
Are Joe Biden and Global corporations Making America A Honduras?
I am not insulting Honduras. I lived in Honduras in 1978 in the “campo” where I worked with campesinos in developing agricultural projects that increased corn and bean production by…
More Prominent Countries Abandoning the US Dollar and Ignore U.S. Plea To Boost Oil Production
I had a relaxed, focused discussion today with Craig Simpson, who does a podcast from Arizona, on the political and economic fallout in the West from its feckless attempt to…
Does a realistic solution to the banking crisis exist?
The FDIC reported it had insurance reserves of $125.5 billion last December, covering $10.1 trillion of insured deposits while leaving $7.7 trillion in deposits that exceed the coverage exposed. The…
GDP Data Confusion
FROM LARRY JOHNSON — Observer R, who was a regular at The Saker, has generously agreed to start posting at sonar21. This is his first article. Enjoy. Many books, articles,…
Why is the U.S. Agitating for War with the Two Countries that Supply Critical Pharmaceuticals, Rare Earth Minerals and Uranium?
Cutting off one’s nose to spite one’s face does not begin to describe the self-mutilation the United States and Europe are doing as they step up their confrontation with China…
Did the U.S. Economy Really Produce a Half Million new Jobs When So Many Major Companies are laying Off Workers?
I heard from my niece the other day. She was an PayPal employee and got her walking papers within days of the Biden Administration trumpeting the “creation” of 517,000 jobs….
One flew over the Greenie’s Nest
Western societies are in a race to achieve net-zero carbon emissions by 2050. Greenies claim technology currently exists to reach net zero, is affordable, and is not an economy wrecker….