Is China Really Still Communist?

by Martin Armstrong QUESTION:  Hello Martin – In today’s “Spread The Love”, you mention at the end that today, neither Russia or China are communist. I think the assertion that Russia is not communist is probably believable and something most …

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EU Internal Battle = Separatist

by Martin Armstrong The sanction imposed on Russia is an economic version of a nuclear war spearheaded by the United States without any consideration whatsoever. The United States was energy self-sufficient under Trump. Biden has taken every step to end …

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Apple No Longer World’s Most Valuable Co.

Oil giant Saudi Aramco is now the world’s most valuable company. It surpassed Apple on Wednesday. Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to …

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Working hard to lower our gas prices eh?

*BIDEN ADMINISTRATION CANCELS ALASKA OIL AND GAS LEASE SALE: CBS — zerohedge (@zerohedge) May 12, 2022 The Biden administration has canceled one of the most high-profile oil and gas lease opportunities pending before the Interior Department. The decision comes at …

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Percentage of ARM mortgages now at early 2008 levels

by Skadi793 There has been an explosion in adjustable-rate mortgages issued in the last 4 months, from 3% of all outstanding loans, to over 11% https://www.cnbc.com/2022/05/11/adjustable-rate-mortgage-demand-surges-to-14-year-high-as-homebuyers-try-to-afford-this-pricey-spring-market.html and in addition to this, more than 10% of loans are FHA/VA, which allow for …

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[Reuters] Global stocks of petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand for diesel

https://www.reuters.com/markets/commodities/us-diesel-shortages-lift-refining-margins-record-2022-05-10/ Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge …

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