More from A Voice Of Liberty

The most disturbing aspect of #Iran's drone attacks on Saudi oil facilities is the cost of the weapons involved: cheap #drones defeated multi-million dollar defense technologies. Virtually every nation on Earth can afford drones. Only a handful of nations can afford Patriot missile batteries and F-35 Lightning fighter aircraft. The economics alone represent a potentially huge paradigm shift in the #technology of war. It is a lesson that has been taught and retaught on the world's battlefields throughout the modern era: plentiful and cheap outguns scarce and expensive. The Ethiopians demonstrated this against the Italians in the run up to WW2, the mujahedeen demonstrated this against the Soviets in Afghanistan, Al Qaeda and other groups demonstrated this in Iraq with their lethal but cheap roadside IEDs, and now Iran (with or without the Houthi rebels in Yemen) have provided yet another iteration of this fundamental lesson in military technology. Will military planners learn this lesson before wasting money, blood, and treasure on weapons systems that are functionally obsolete? I doubt it. https://www.zerohedge.com/geopolitical/saudi-arabia-drone-attacks-have-changed-global-warfare #news #nationaldefense
31 views ·
The Madness of Central Banks: One need not have a PhD in economics to recognize that negative interest rates are financial lunacy. Who in their right mind would actually pay someone to take out a loan? But negative interest rates are far worse than that. By eradicating interest rates, the #ECB has eviscerated the #banking business model in Europe. Banks generate profits through either lending at interest or investing for interest. Without interest rates, the traditional banking business model cannot generate any profits--witness the travails of German banking giants Deutsch Bank and Commerzbank. Banks and bankers as a whole are quite "systemically important". Without banks, business #finance cannot happen--again, one needs no deep education economics or accounting to understand that. Yet the ECB has, through intentional and deliberate acts of financial sabotage, put European banks on a path to extinction. Stupidity or Malice? The world wonders. https://www.zerohedge.com/political/mish-negative-interest-rates-are-socio-political-poison #news #economy
29 views ·
With a PMI of just 41.4, the bottom has fallen out of the German manufacturing sector. Germany was already heading for recession when the #ECB went negative on interest rates. Instead of stimulating the #economy, negative rates signal a lack of confidence in the economy and thereby discourage investment and spending. They make a recession more rather than less severe. The Eurozone is heading into very rough economic seas, and without the ECB able to throw out a lifeline. https://www.zerohedge.com/economics/collapse-germany-real-and-accelerating #news #trade #finance
25 views ·

More from A Voice Of Liberty

The most disturbing aspect of #Iran's drone attacks on Saudi oil facilities is the cost of the weapons involved: cheap #drones defeated multi-million dollar defense technologies. Virtually every nation on Earth can afford drones. Only a handful of nations can afford Patriot missile batteries and F-35 Lightning fighter aircraft. The economics alone represent a potentially huge paradigm shift in the #technology of war. It is a lesson that has been taught and retaught on the world's battlefields throughout the modern era: plentiful and cheap outguns scarce and expensive. The Ethiopians demonstrated this against the Italians in the run up to WW2, the mujahedeen demonstrated this against the Soviets in Afghanistan, Al Qaeda and other groups demonstrated this in Iraq with their lethal but cheap roadside IEDs, and now Iran (with or without the Houthi rebels in Yemen) have provided yet another iteration of this fundamental lesson in military technology. Will military planners learn this lesson before wasting money, blood, and treasure on weapons systems that are functionally obsolete? I doubt it. https://www.zerohedge.com/geopolitical/saudi-arabia-drone-attacks-have-changed-global-warfare #news #nationaldefense
31 views ·
The Madness of Central Banks: One need not have a PhD in economics to recognize that negative interest rates are financial lunacy. Who in their right mind would actually pay someone to take out a loan? But negative interest rates are far worse than that. By eradicating interest rates, the #ECB has eviscerated the #banking business model in Europe. Banks generate profits through either lending at interest or investing for interest. Without interest rates, the traditional banking business model cannot generate any profits--witness the travails of German banking giants Deutsch Bank and Commerzbank. Banks and bankers as a whole are quite "systemically important". Without banks, business #finance cannot happen--again, one needs no deep education economics or accounting to understand that. Yet the ECB has, through intentional and deliberate acts of financial sabotage, put European banks on a path to extinction. Stupidity or Malice? The world wonders. https://www.zerohedge.com/political/mish-negative-interest-rates-are-socio-political-poison #news #economy
29 views ·
With a PMI of just 41.4, the bottom has fallen out of the German manufacturing sector. Germany was already heading for recession when the #ECB went negative on interest rates. Instead of stimulating the #economy, negative rates signal a lack of confidence in the economy and thereby discourage investment and spending. They make a recession more rather than less severe. The Eurozone is heading into very rough economic seas, and without the ECB able to throw out a lifeline. https://www.zerohedge.com/economics/collapse-germany-real-and-accelerating #news #trade #finance
25 views ·