Prime Minister Modi released the genie of Indian jingoism after coming to power six years ago, irresponsibly hoping that the state-sponsored cultivation of hyper-nationalist sentiment would lead to the false domestic perception of the country as the “superpower” that it claims to be, which has actually been more successful than he planned since the indoctrinated…
Last week, the world’s most populous nations, India and China, both nuclear armed, clashed in the high Himalayan region of Ladakh. At least 20 Indian troops died and 12 were reportedly taken prisoner before a cease-fire went into effect. So far, there were no reports of Chinese casualties. Ladakh is one of the world’s most…
Nixon 68 is back with a vengeance, with President Trump placing himself as the guarantor/enforcer of Law & Order. That slogan guaranteed Nixon’s election, and was coined by Kevin Phillips, then an expert in “ethnic voting patterns”. Philips makes for a very interesting case. In 1999, he became the author of a seminal book: The…
After becoming actively involved in conflicts in Syria and Libya, on June 14, President of Turkey Recep Tayyip Erdoğan launched operation Claw-Eagle in Iraq against PKK’s (the Kurdistan Workers’ Party) bases in the Qandil Mountains (in northern Iraq) as well as in the town of Sinjar and several other settlements. Anadolu Agency (an international news…
The Soviet Union collapsed in 1991, and this calls to question why NATO still exists today. Since the collapse of the Soviet Union, NATO has militarily intervened in many sovereign countries such as Yugoslavia, Iraq, Afghanistan, Libya, while also expanding membership to the very borders of Russia. Although NATO was once united with the purpose…
Last week FOMC Chair Jerome Powell and company did, essentially nothing, at their June meeting. They held interest rates at 0.25%, did not expand QE nor did they indicate any changes. This wasn’t what the market wanted, as the bond were pushing the Fed to take rates negative and further open up the liquidity spigots….
