Protests In Los Angeles As Iranian Soccer Team Arrives For 1st World Cup Match

Oil Could Test $200; Martin Armstrong Warns Attacking Iranian Water Supplies Could Bring Out Nukes Via Greg Hunter’s USAWatchdog.com, Legendary financial and geopolitical cycle analyst Martin Armstrong warned in February, “This is where the volatility starts kicking in.”  What do we have?  Oil, gold and silver spiking in price, and violent exchanges between Iran, the United States and many other countries in the Middle East.  Now, water assets like desalination plants in Bahrain and Iran are being blown up.  Add the worst water shortage in decades in Iran as a backdrop to constant bombing, and you have a situation that could...

Despite Record Low Sentiment, US Retail Sales See Strongest Annual Gain In 8 Months After a big jump in March, retail sales likely cooled in April, according to BofA's almost omniscient forecast as they see spending on gasoline providing a smaller boost and auto sales moderating, after an early Easter pulled forward some seasonal demand into March. The “holiday shift” dynamic also may have contributed to softer activity after Easter. However, the actual print was +0.5% MoM (as consensus expected - and hotter than BofA's forecast), lifting sales by 4.9% YoY...

The German Bureaucratic Dream Of "Society with Bound Capital" Submitted by Thomas Kolbe They form a massive workforce, the last continuously growing sector of our society: civil servants. Approximately 5.5 million employees work in the public sector, and last year alone, 205,000 new civil servants were added. This is by no means a blind attack on the bureaucracy. Civil servants indispensable to our society work to maintain internal and external security and uphold the judiciary as guardians of law and order. Yet the question must be allowed. How can a civil service army grow...