The Inflation Spark That Could Become A Deflation Shock

NATO Chief Challenged On The "Defensive" Alliance's History Of Offensive Regime Change After his Oval Office visit today, an affair dominated by foreign reporters speaking truth to power by clamoring for more global military spending, NATO Secretary General Mark Rutte had to defend his alliance’s often-touted moral assertion: that NATO is defensive in nature. Asked by ZeroHedge whether NATO’s good deeds in Libya and Iraq qualified as defensive, Rutte had this to say: NATO chief Mark Rutte often refers to his alliance as “defensive.” I asked whether Hillary Clinton’s regime war in Libya...

Second US Warplane Lost: A-10 Warthog Crashes Near Hormuz Shortly After F-15 Shootdown Update(1535ET): Friday has witnessed a sudden spate of disasters for the US Air Force over Iran. The downed F-15 situation is still ongoing, there are unconfirmed reports a Blackhawk helicopter may have been shot down, and now the NYT is confirming an A-10 Warthog crashed in the Persian Gulf region: A second Air Force combat plane crashed in the Persian Gulf region on Friday, and the lone pilot was safely rescued, according to two U.S. officials who spoke...

Philippines Declares State Of Emergency As Energy Crisis Looms As we outlined in our recent analysis on Australia's dangerous vulnerability to disruptions in the Strait of Hormuz, most of Asia is heavily exposed and faces an unprecedented energy crisis should the war in Iran continue to prevent safe passage of oil and natural gas from the Gulf.  As Australia debates the potential for a national emergency, the Philippines has already declared one. This week, Philippine President Ferdinand Marcos Jr. signed Executive Order No. 110, declaring a state of national emergency as...