"Political parties exist to secure responsible government and to execute the will of the people. From these great staffs, both of the old parties have ganged aside. Instead of instruments to promote the general welfare they have become the tools of corrupt interests which use them in martialling [sic] to serve their selfish purposes. Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people." -- Theodore Roosevelt

Bidgear ad



Vietnam sentences real estate tycoon Truong My Lan to death in its largest-ever fraud case MikeRivero

Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country’s largest financial fraud case ever, state media Vietnam Net said.

The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP.

Potential US Tactical Nuke Deployment in Asia-Pacific Could Bring Catastrophic Fallout - Expert MikeRivero

The director of the Knowfar Institute for Strategic and Defense Studies, Li Jian, provided insight regarding the potential deployment of US tactical nuclear weapons in the western Pacific Ocean in an interview with Sputnik.

American mainstream expert calls for global war in three continents MikeRivero

Is a “Three-Theater” war scenario both feasible and desirable for the US? Some think so. American analysts within the Establishment are in fact calling for war “in Asia, Europe, and the Middle East.” This is what Thomas G. Mahnken (both a Johns Hopkins School of Advanced International Studies professor and the CEO of  the Center for Strategic and Budgetary Assessments) is urging Washington to do, in his most recent Foreign Affairs piece.

The Bank of Japan is facing enormous losses on its holdings of Japanese Government Bonds alexmark
Carry trade investors burnt as Japanese yen loans in high-earning Mexican currency backfire. alexmark
Japan's bond yields rise, pressuring USD/JPY and US bonds; Interest payments soar to 3.8% of GDP in Q1, highest since 1998 alexmark
Japan's fiscal + monetary foundations are cracking. 2-year yield pumping, now over 0.4%. 3 decades of ZIRP and NIRP continues to end. alexmark
Which Central Banks Are Selling Gold? Ladylove

Via SchiffGold.com,

Central bank gold buying has been a significant factor in the yellow metal’s spectacular run-up to new record highs. But with its recent small correction downward, it’s a good time to look at which central banks are selling — and why.