Ron Paul: The Federal Reserve Is Why The People Are Unhappy

Ukraine's FM Claims Attack On Iranian Ship In Caspian Sea Was 'Unintentional' The week started with a bizarre incident in the Caspian Sea involving an Iranian commercial vessel and the Iranian military, an episode which threatened to expand the war by merging two conflict theatres. Iran had accused Ukraine of attacking an Iranian commercial vessel by long-range drone in the Caspian Sea on Saturday, which resulted in an explosion that killed one sailor and injured another. Soon after, Iran's Ministry of Foreign Affairs summoned Ukraine’s chargé d’affaires in Tehran to severely protest the "hostile and...

Baghdad's Green Zone Locked Down As Officials Arrested In Corruption Sweep Beyond Sunday's Iranian drone and missile attacks targeting Bahrain and Kuwait, launched in response to earlier U.S. airstrikes, Hormuz shipping traffic remains stable but well below last week's peak, when 57 vessels transited the strait on Wednesday. With maritime flows stable through the critical waterway, attention now shifts to Iraq, where a widening corruption sweep inside Baghdad's Green Zone could become the next area of focus. Iraq's state-run Iraqi News Agency reported that several political figures were arrested in...

Wheat Futs Surge To Three-Year High As JPMorgan, HSBC Warn Global Food Shock Is Brewing Wheat futures surged to a three-year high on Wednesday morning as traders repriced a nasty convergence of supply risks across the global agricultural supply chain. Ongoing drone and missile attacks on critical Black Sea shipping and port infrastructure are constraining Russian and Ukrainian exports, while severe Northern Hemisphere heat waves and disruptions in the Strait of Hormuz are amplifying concerns that another food-inflation cycle could rear its ugly head next year. Bloomberg reported that the most-active...