Trump To Saudi King: “You Wouldn’t Last Two Weeks Without Us”

 

One week after President Trump accused Saudi Arabia of deliberately conspiring to drive up oil prices during his speech before the United Nations General Assembly, the president stepped up his rhetoric against America’s most important strategic ally in the Middle East during a rally in Southaven Mississippi Tuesday night, implying that the US could withdraw the military protection it provides to the kingdom and warning that the Saudi regime that it wouldn’t survive for “two weeks” without US support. Continue reading

Infrastructure Emergency: 50,000 American Bridges Are “Structurally Deficient”

 

Last week, President Trump announced his proposal for a $1.5 trillion infrastructure program in his State of The Union address to the American people. He failed to mention that over the next decade, the federal government would provide very little money whatsoever for America’s crumbling bridges, rails, roads, and waterways.

In fact, Trump’s plan counts on state and local governments working in tandem with private investors to fork up the cash for projects.

In overhauling the nation’s crumbling infrastructure, the federal government is only willing to pledge $200 billion in federal money over the next decade, leaving the remainder of $1.3 trillion for cities, states, and private companies. Continue reading

The Clock Is Ticking On The U.S. Dollar As World’s Reserve Currency

The View From Hubbert’s Peak

In 1971, the American President put an end to a 2,500 year trend; the Wall Street Journal called it “Nixon’s Worst Weekend.” Considering the old boy had some really bad ones, this must have been something special. In August of that year (on Friday the 13th) it was decided that the U.S. would no longer pay out gold for its paper dollars. OPEC Ministers took note, and in September they met, deciding it would be necessary to collect more paper dollars, if possible, since gold was no longer on offer and oil was the only asset they had to sell.

The Wizard of Oz

The ultimate irony for this generation of investors is that, despite the occasional obligatory chant about ‘free markets’ and the wonders of capitalism, most of the day is spent obsessing about what the world’s most important central planner will do next. By Supreme Central Planner, I mean, the Fed. Continue reading

The US Navy’s ‘ghost hunter’ hits the water: Robo-boats set to track down silent enemy submarines for months at a time

  • Designed to hunt down silent and deadly diesel-electric submarines
  • Robot boats will go to sea for us to three months at a time

The US Navy is set to unleash an army of ‘ghost drones’ to scour the coasts for enemy submarines.

The robot boats will go to sea for us to three months at a time. Continue reading

Fusion Investigates: How did America’s police departments lose loads of military-issued weapons?

 

Haunting images of local police officials using military-issued equipment to quell protests in Ferguson, Missouri, have raised new concerns about the Pentagon’s controversial program to equip local and state police departments with military surplus weaponry.

The program, now under White House review, has been plagued by messy bookkeeping, bureaucratic confusion and scores of missing weapons.

Fusion has learned that 184 state and local police departments have been suspended from the Pentagon’s “1033 program” for missing weapons or failure to comply with other guidelines. We uncovered a pattern of missing M14 and M16 assault rifles across the country, as well as instances of missing .45-caliber pistols, shotguns and 2 cases of missing Humvee vehicles.

More troubling yet is the possibility that some of the missing weapons, which were given to local police departments as part of a decades’ old government program to equip cops for the wars on terrorism and drugs, are actually being sold on the black market, Lynch said. Continue reading