KW: Corruption abounds. American pension funds and institutions own over 70% of the debt they have used to stay afloat that can never be repaid. What will happen? your guess is as good as anyones. By the way, if you wondered who owns all that Treasury debt — that is, who Uncle Sam’s creditors are —…

KW: Varoufakis is a very intelligent man, too smart for the European beurocracy including all top EU officialls (Junker, Schauble, Le Garde, Dragji) who chewed him up and spat him out with false accusations. What happened in Greece during the crisis? And what happens when you take on the establishment?

KW: Jim Rickards writes…..The time for warnings of a global slowdown is over. The slowdown is here. Over the past few months, we’ve highlighted warnings of slower growth, excessive debt and the potential for a new market crash coming from prominent officials in the international monetary system, including Christine Lagarde of the IMF, economists from…

KW: Her claims are shocking. Who is in control? Time to be worried yet? Her commentary is deeply disturbing if she is any where near truthful. Pay attention.

KW: California’s Pacific Gas  & Electric company apparenty is in dire straits. Will it be the catalyst for a bank implosion and the start of another financial crisis? PG&E will become the third largest IG default since 1999, behind Lehman and Worldcom, with $17.5bn of index eligible debt. Source: Lehman, WorldCom And Now PG&E: The…

KW: A lot of voices are now saying the same things and with the FED now backing off from the ‘raising interest rates to nrmalise’ scenario it seems somethng is amiss. We continue to get more confirmation that the global economy is slowing down substantially.  On Monday, it was China’s turn to surprise analysts, and…

KW: Carmen M. Reinhart is Professor of the International Financial System at Harvard University’s Kennedy School of Government. She is no fool. When financial panics begin, they play out in similar ways. First, one asset class has a surprise drop. The leveraged investors sell the sinking asset, but soon the asset is unwanted by anyone. Investors then…

KW: Mauldin is a widely respected economic commentator and up to recently wasn’t in the game to be selling stuff although that has become more apparant of later times. His view is worth reading Brexit Breakage Last month in European Threats, I quoted Victor Hill saying “a disorderly Brexit will be that spark that sets the…

KW: How sustainable is the western economic system. Excuse Jimmy Dores language sometimes

KW: News breaks that “Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars,” in an article from Oilprice.com. We saw a hint of this a few months ago when just one Russian oil company began asking for euros instead of dollars. Now it’s a whole bunch of Russian…