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Showing posts from October, 2019

Regime Change

I reject the doctrine of regime change. It is a Zionist doctrine (Oded Yinon). It is also an American doctrine that has seen presidential assassinations. It has impoverished the middle east.

However, there are American politicians like Tulsi Gabbard who oppose regime change who may have backing from Russia. I do not know this for sure but I want to go on record as opposing all Russian interference in United States elections. I am not yet accusing Gabbard of Russian ties, but a prudent politician (oxymoron?) should know where every penny comes from.

We should have peaceful relations with the Russians. And we should limit our involvement in the middle east. But our leaders should make those decisions free of outside influence, whether it comes from Russia or Israel  or Saudi Arabia or any other nation.

I think our leaders are influenced too much by other nations. Whatever happened to the National Interest? Now we hear the US wants to steal Syrian oil. If nations don't behave, all i…

Caterpillar Confirms Kalecki's Historical Truth About the Business Cycle

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This article was first published by me on Talkmarkets: https://talkmarkets.com/content/energy/caterpillar-confirms-kaleckis-historical-truth-about-the-business-cycle?post=177347&uid=4798

Caterpillar's CEO, Jim Umpleby has told investors that there will be no new plants constructed even though orders have tripled for the company. From this Reuters article we see that:

Years of watching Caterpillar and other big manufacturers cut inventories, close plants and axe workers in the last downturn has embedded caution in Kirsh’s ambition to expand after the surge in orders, reflecting a more fundamental shift in how many industrial businesses view expansions, according to interviews with Caterpillar executives, more than a half-dozen Caterpillar suppliers and U.S. economic data.
“I just wasn’t sure it was real,” said Kirsh, speaking from a windowless office at the front of Kirsh Foundry Inc., in Beaver Dam, Wisconsin, which makes metal parts for Caterpillar and other customers.
Even wit…

Trump Gives Russia Amazing Leverage over Oil Market

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This article was first published by me on Talkmarkets: https://talkmarkets.com/content/global-markets/trump-gives-russia-amazing-leverage-over-the-oil-market?post=177015&uid=4798

Donald Trump has given Russia's increased leverage over the world oil market. His policies towards Iran and Venezuela are putting output at risk. Iran will benefit greatly from higher oil prices as they ramp down production. As the chart below shows, Russia is not producing more oil either. But the oil being produced is becoming ever more valuable.

Donald Trump has put the trade war on hold as it pertains to China. But Russia, the EU and Japan are still making trade war noise since Trump not only raised tariffs on Russian steel, but also on Japan, an ally of the United States. So, we have the uncomfortable reality that China gets a break and Japan, an ally, does not.

Russia has power not only to impose tariffs, but also the power to reduce oil production. With the China/Russia oil deal likely falling…