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The New World Order Will Begin With Germany And China

The New World Order Will Begin With Germany And China

In numerous articles over the years I have outlined in acute detail the agenda for a future one-world economic and governmental system led primarily by banking elites and globalists; an agenda they sometimes refer to as the “New World Order.” The term has gained such public exposure and notoriety recently that the globalists have fallen back to using different terminology. Some of them, like the International Monetary Fund’s Christine Lagarde, refer to it as the “global economic reset.” Others call it the “new multilateralism.” Still others refer to it as the “end of the unipolar order,” referring to the slow death of the U.S. economy as the central pillar of the global economy.

Whatever label they decide to use, all of them signal a full spectrum destabilization of the “old world” financial and geopolitical system and the ascendance of a tightly controlled one world edifice dominated openly by globalist hubs like the IMF and the BIS.

Too many people, even in the liberty movement, tend to examine only the veneer of this agenda. Some have deluded themselves into thinking the U.S. and the dollar are actually the core of the NWO and are therefore indispensable to the globalists. As I have shown time and time again, the Federal Reserve is now on a fast track to complete its sabotage of the U.S. economy; they would not be instigating instability and crisis to deflate the massive fiscal bubbles they have created unless America was at least partially expendable.

Some believe the NWO is a purely “western” construct and that eastern nations are defending themselves against an encroaching globalist empire. I have also shown that this is nonsense, and that eastern nations work closely with the same exact globalists they are supposedly at war with. This includes Russia’s Vladimir Putin, a figure often ignorantly praised by select liberty activists.

…click on the above link to read the rest of the article…

Germany’s Gabriel Warns Qatar Crisis “Could Lead To War” As Qatar Emissary Flies To Moscow

Germany’s Gabriel Warns Qatar Crisis “Could Lead To War” As Qatar Emissary Flies To Moscow

Germany’s foreign minister Sigmar Gabriel warned that the ongoing isolation of Qatar by Saudi Arabia and its allies could lead to a war in the Gulf region, according to an interview he gave to Germany’s Frankfurter Allgemeine Sonntagszeitung, although he added that he still saw a chance to defuse the tension.

“There is a danger that this dispute could lead to war,” Gabriel said citing what he called a “dramatic” harshness in relations between allied and neighbouring countries in the Gulf.

The foreign minister said personal talks this week with his counterparts from Saudi Arabia, Qatar and Turkey, and phone calls with the foreign ministers of Iran and Kuwait underscored his concerns.

“After my talks this week, I know how serious the situation is, but I believe there are also good chances to make progress.”

Gabriel also said that he had a phone conversation with Secretary of State Rex Tillerson on the Gulf situation on Friday and said that Tillerson showed a “very wise and prudent attitude” that has contributed to calming the conflict.

Yet while Tillerson was “calming” the conflict, during a press conference on Friday Trump appeared to be adding fire to it, when the president accused Qatar of being a “high level” funder of terrorism even as the Pentagon and Tillerson cautioned against the military, commercial and humanitarian effects of a blockade imposed by Arab states and others.

As expected, on Saturday Saudi Arabia and Bahrain welcomed Trump’s demand for Qatar to stop supporting terrorism, but did not respond to a U.S. Department of State call for them to ease pressure on the Gulf state. After severing ties with Qatar on Monday, Saudi Arabia said it was committed to “decisive and swift action to cut off all funding sources for terrorism” in a statement carried by state news agency SPA, attributed to “an official source”.

…click on the above link to read the rest of the article…

So Many Triggers

So Many Triggers

So Many Triggers

It’s not a story that’s likely to appear on the evening news, but it certainly should.

Deutsche Bank has announced that it will create more shares, selling them at a 35% discount. Existing shareholders have not been pleased and, in the first four days since the offer was announced, the value of existing shares dropped by 13% as shareholders began dumping them.

So why on earth would Germany’s foremost bank do something so rash? Well, in recent years, the bank has been involved in many arbitrations, litigations, and regulatory proceedings as a result of fraudulent activities, including the manipulation of markets. Having been found guilty, they presently owe $7.2 billion to the US Department of Justice and are now facing an additional $10 billion litigation bill. Unfortunately, the bank is already broke and, should Deutsche actually be able to sell the new shares, the $8.6 billion they hope to receive will still not save them from bankruptcy.

Business has also not been so good. They’ve lost nearly $2 billion in the last two years, instituted a hiring freeze, cut bonuses by 80%, and are facing a $2.5 million civil penalty to pay to the Commodity Futures Trading Commission for failure to report transactions and, not surprisingly, have been downgraded.

The German government has stated that they will not bail out Deutsche and, indeed, under the EU agreement, they cannot do so. It’s safe to say that Germany’s largest bank will soon go the way of the dodo.

For those who don’t live in Europe, this may not seem all that significant. However, Deutsche is the bank that funds the euro system, which they can now no longer do. Further, Deutsche is ten times larger than Lehman Brothers, an American bank that famously went down in 2008, heralding in that year’s economic crash. (Ninety percent of Deutsche’s revenue has been from derivative trading, which is what brought down Lehman.)

…click on the above link to read the rest of the article…

 

Germany’s Chief Prosecutor To Start Probe Into Wikileaks-Exposed Frankfurt Cyber-Spy Hub

Germany’s Chief Prosecutor To Start Probe Into Wikileaks-Exposed Frankfurt Cyber-Spy Hub

The Germans are once again angry at the Americans over spying. Just a few years after Obama’s infamous apology for hacking Merkel’s phone, Germany’s chief federal prosecutor announced plans to carefully examine documents from Wikileaks (related to a secret CIA cyber-spy hub in Frankfurt), and will launch an investigation if it sees concrete indications of wrongdoing.

As VOA News reports, a spokesman for the German Foreign Ministry on Wednesday said Berlin was in close touch with Washington about the documents, which Wikileaks said showed that the CIA used the U.S. consulate in Frankfurt as a major remote hacking base.

“We will initiate an investigation if we see evidence of concrete criminal acts or specific perpetrators,” a spokesman for the federal prosecutor’s office told Reuters. 

“We’re looking at it very carefully.”

He said Germany needed to verify the authenticity of the documents, which, as DW.com reports, purportedly revealed that a top secret CIA unit used the German city of Frankfurt am Main as the starting point for numerous hacking attacks on Europe, China and the Middle East.

WikiLeaks reported that the group developed trojans and other malicious software in the American Consulate General Office, the largest US consulate in the world. The programs focused on targets in Europe, the Middle East and Africa.

 The documents revealed that CIA experts worked in the building under cover and included advice for life in Germany.

“Do not leave anything electronic or sensitive unattended in your room,” it told employees, also advising them to enjoy Lufthansa’s free alcohol “in moderation.”

The Frankfurt hackers, part of the Center for Cyber Intelligence Europe, were said to be given diplomatic passports and a State Department identity. It instructed employees how to safely enter Germany. A WikiLeaks tweet published an section of the Frankfurt information.

…click on the above link to read the rest of the article…

The Ever-Growing List of ADMITTED False Flag Attacks

The Ever-Growing List of ADMITTED False Flag Attacks

Painting by Anthony Freda

Presidents, Prime Ministers, Congressmen, Generals, Spooks, Soldiers and Police ADMIT to False Flag Terror

In the following instances, officials in the government which carried out the attack (or seriously proposed an attack) admit to it, either orally, in writing, or through photographs or videos:

(1) Japanese troops set off a small explosion on a train track in 1931, and falsely blamed it on China in order to justify an invasion of Manchuria. This is known as the “Mukden Incident” or the “Manchurian Incident”. The Tokyo International Military Tribunal found: “Several of the participators in the plan, including Hashimoto [a high-ranking Japanese army officer], have on various occasions admitted their part in the plot and have stated that the object of the ‘Incident’ was to afford an excuse for the occupation of Manchuria by the Kwantung Army ….” And see this, this and this.

(2) A major with the Nazi SS admitted at the Nuremberg trials that – under orders from the chief of the Gestapo – he and some other Nazi operatives faked attacks on their own people and resources which they blamed on the Poles, to justify the invasion of Poland.

(3) The minutes of the high command of the Italian government – subsequently approved by Mussolini himself – admitted that violence on the Greek-Albanian border was carried out by Italians and falsely blamed on the Greeks, as an excuse for Italy’s 1940 invasion of Greece.

(4) Nazi general Franz Halder also testified at the Nuremberg trials that Nazi leader Hermann Goering admitted to setting fire to the German parliament building in 1933, and then falsely blaming the communists for the arson.

(5) Soviet leader Nikita Khrushchev admitted in writing that the Soviet Union’s Red Army shelled the Russian village of Mainila in 1939 – while blaming the attack on Finland – as a basis for launching the “Winter War” against Finland. Russian president Boris Yeltsin agreed that Russia had been the aggressor in the Winter War.

…click on the above link to read the rest of the article…

Back From Never Gone: CURRENCY WARS

Back From Never Gone: CURRENCY WARS

US Dollar Chinese Yuan

In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases the demand for domestically produced goods), the United States are less than happy as it weakens the position of the country on the export market.

China 4

Source: Tradingeconomics

You might have missed it when the mass media were falling over themselves to crucify president Trump, but we had the impression currency wars, and protecting the position of the United States on the world market were pretty high on his ‘to do list’ after decades of huge trade deficits. As you can see on the next image, there clearly is a huge discrepancy in the trade numbers between China and the United States. A substantial trade deficit, which has been nipped in the bud by China using their hard dollars to purchase US Treasuries.

China 2

Source: Danske Bank

Whereas the president was definitely pointing fingers at China during his election campaign, he seems to have been softer after a recent call with the Chinese president.

Does this mean the USA and China are now best buddies again? Probably not. It’s far more likely the president has realized he won’t be able to get much done when he gets in a direct confrontation with China. His staff has now launched a ‘test balloon’ and widened the scope of the currency manipulation investigation. Instead of singling out China, the White House will now be using a more general approach, and has even singled out Germany.

China 1

Source: Danske Bank

…click on the above link to read the rest of the article…

Fight of the Century

Fight of the Century

Fight of the Century

 

In March 1933, the Enabling Act was passed by the Reichstag, Germany’s parliament. Its purpose was to provide Chancellor Adolf Hitler with the ability to bypass the Reichstag. It allowed him (amongst other measures) emergency powers to legally wage pre-emptive war without any further parliamentary or presidential approval, or even discussion.

In January 2017, H.J. Res 10 was introduced to the US House of Representatives. Its intent was simple and straightforward:

This joint resolution authorizes the President to use the U.S. Armed Forces as necessary in order to prevent Iran from obtaining nuclear weapons.

Introduced by Rep. Alcee Hastings (D-FL), the bill seeks to give the president unilateral authority to legally wage pre-emptive war without any further Congressional approval, or even discussion.

So, is it possible that the US is following a similar path to that of 1930’s Germany? Well, let’s look a bit closer and see.

During his campaign, Mister Trump was very vocal with regard to his sentiments toward Iran and, since his inauguration, has famously put Iran “on notice.”

He has the full support of his chief advisers on this issue. His national security adviser, Lt. Gen. Michael Flynn, and his defence secretary, Gen. James Mattis, have both recently accused Iran of being the world’s leading “state sponsor of terrorism.” New head of the CIA, Mike Pompeo, also favours invading Iran.

On the other side of the fence, Ayatollah Khamenei has behaved with traditional Iranian braggadocio, saying of Mister Trump,

We actually thank this new president… What we have been saying for more than 30 years about the political, economic, moral, and social corruption within the US ruling establishment, he revealed during the election campaign and after the elections.

With each side goading the other, both sides seem to be as eager to “get into the ring” as Muhammad Ali and Joe Frazier were in 1971’s “Fight of the Century.”

…click on the above link to read the rest of the article…

Germans: ‘Yes, Gold IS Money’

Germans: ‘Yes, Gold IS Money’

Whereas a few years ago countries repatriating their gold seemed to be ‘the hype of the month’, once the dust started to settle, we didn’t hear much about gold repatriations anymore.

At least, until last week, when Germany announced it has been able to accelerate the gold repatriations. Indeed, the country has now repatriated all the gold it wanted to get back from New York and now has to bring just 91 additional tonnes ‘back home’ from Paris.

Gold 1

Source: Bundesbank.de

Once those final 91 tonnes will be back in  Frankfurt, Germany will cut all ties with the custodian in Paris and its gold will remain in the Frankfurt, London and New York vaults, and approximately 50% of the entire inventory of the country will be held inside the country.

What’s really interesting is how hard Germany wanted to emphasize it has received ‘real’ gold and it looks like the Bundesbank wanted to nip some comments in the bud. In fact, the German Central Bank has now promised to release a list of gold bars on Thursday to confirm which bars have been ‘sent home’ by the New York Fed, where the US-based bars were held.

You’d almost start to think the Bundesbank is trying ‘too hard’ to convince the population it really received the yellow metal from New York. If this would indeed be a normal transaction (after all, it should be. ‘You have our gold, please give it back to us!’), why would the Bundesbank be so dramatic about receiving it. The president effectively showcased bars of gold, and showed pictures of the German vault in New York, as you can see on the next image.

Gold 4

Source: Reuters

You’d almost start to think they were surprised to be effectively able to get the gold back! And you’d almost start to think gold is valuable, contrary to the ‘gold isn’t money’ rhetoric after the global financial crisis.

…click on the above link to read the rest of the article…

Italy To Nationalize Monte Paschi After Private Sector Rescue Fails

Italy To Nationalize Monte Paschi After Private Sector Rescue Fails

Update: the FT writes that the Italian govt set to take a stake between 50% and 70% in Monte dei Paschi, up from the current 4% stake, as part of the government’s third bailout in as many years. As the FT adds, “the government rescue, which had long been resisted in Rome, is designed to draw a line under the slow-burn crisis in Italian banking that has alarmed investors and become the main source of concern for European financial regulators.”

It remains to be seen if Germany, long a critic of state bailouts, will be as agreeable.

Meanwhile, Pier Carlo Padoan, the Italin finmin, insisted that apart from a few “critical” situations, Italy’s banking system was “solid and healthy”. He vowed to “minimise, if not erase” any impact of the public intervention on the savings of ordinary citizens.

* * *

The third bailout, and re-nationalization, of Italy’s third largest banks is imminent following a Reuters report that the ongoing, JPM-led attempt to execute a complex private sector bailout of Monte Paschi has failed.

According to Reuters, Qatar’s sovereign wealth fund, long considered as the most likely anchor investor with a €1 billion allocation in any rescue plan cash call, decided it is unwilling to invest in the Italian bank, meanwhile Monte Paschi has been unable to find a replacement investor willing to put money in its privately funded rescue plan, less than 24 hours before the offer ends.

As a result, the bank entire share sale, which closes at 2 p.m. (1300 GMT) on Thursday, has drawn very little interest from the wider investment community.

As laid out previously, the bank needs to raise €5 billion by the end of this month to avert being wound down. The Italian government, which earlier today got a greenlight to issue €20 billion in public debt to use for bank bailout purposes, is expected to step in this week and nationalize the bank.

…click on the above link to read the rest of the article…

German Minister Seeks Jail Time, Fines In Criminal Crackdown Against Facebook “Fake News”

German Minister Seeks Jail Time, Fines In Criminal Crackdown Against Facebook “Fake News”

With Facebook having announced last week the launch of measure to flag and eliminate fake news from appearing on its website, Germany does not think the process is fast enough, and according to Germany’s Justice Minister Heiko Maas, German judges and state prosecutors need to crack down straight away on fake news disseminated through social media platforms such as Facebook. Interviewed by Bild am Sontag, Maas, a Social Democrat in conservative Chancellor Angela Merkel’s coalition, has repeatedly warned the U.S. technology company to respect laws against defamation in Germany that are more rigid than in the United States and added that the newspaper the principle of free speech does not protect against slander.

Germany’s Justice Minister Heiko Maas

“Defamation and malicious gossip are not covered under freedom of speech,” Maas said cited by Reuters, just days after other top government officials called for legislation to tackle “hate speech” and fake news on Facebook and other social media platforms. He added that the government is keeping close tabs on how efficiently Facebook removes illegal content.  If removal rates fail to grow, “urgent legal consequences” could follow.

 

Urging a criminal crackdown, the Justice Minister said “authorities must prosecute [hate speech], even on the internet,” noting that offenders could face up to five years in jail. “Anyone who tries to manipulate the political discussion with lies needs to be aware (of the consequences).”

“We expect significant improvements in Facebook’s removal practice. The standard for removals must be German law,” Maas told Sueddeutsche Zeitung on Friday.

…click on the above link to read the rest of the article…

Deutsche Bank Is Going Under: The Real Reason Germans Were Told To Prepare For A National Crisis?

Deutsche Bank Is Going Under: The Real Reason Germans Were Told To Prepare For A National Crisis?

There is a very real possibility that Deutsche Bank is going down.

If the most prominent bank in Germany fails, the effect on Europe will be profound, and I don’t think the United States will escape the effects. The ripples will turn into a tsunami as they travel across the Atlantic. Already, the bank’s troubles have stressed the American stock market.

Angela Merkel has stated that Deutsche Bank will not be getting a bailout from the European Central Bank – the lender of last resort for European banks.

The Department of Justice recently issued a $14 billion fine to the bank to settle a mortgage-backed securities probe…and the bank has no intention of paying.

Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited,” the company said in a statement early Friday in Frankfurt. “The negotiations are only just beginning. The bank expects that they will lead to an outcome similar to those of peer banks which have settled at materially lower amounts.”(source)

Deutsche Bank shares fell alarmingly this morning on the news that Merkel won’t support the bank.

Deutsche shares fell as much as six percent to €10.67 in early Monday trading, the worst performance since 1992.

The bank has lost over 52 percent of its value since January and over 56 percent in the last twelve months. Earnings per share fell as much as €6.

The collapse has been prompted by a report in the German magazine Focus that said Chancellor Angela Merkel has ruled out any state assistance for the bank next year.

…click on the above link to read the rest of the article…

Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up?

Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up?

The €72 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. It’s market cap is $17.43 billion. It has no earnings and pays no dividend.

On April 23, Deutsche Bank was Fined $2.5 Billion over LIBOR rate rigging. Twenty-one people face criminal charges following a seven-year investigation.

On September 16, the US Department of Justice Fined Deutsche Bank $14B for mortgage securities fraud leading up to the 2007-2009 global meltdown.

Today, German Chancellor Angela Merkel Rules Out Assistance for Deutsche Bank.

No Comment

Chancellor Angela Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017, Focus magazine reported, citing unidentified government officials.

The German leader also declined to step into the Frankfurt-based bank’s legal imbroglio with the U.S. Justice Department, which may seek as much as $14 billion in sanctions against Deutsche Bank’s mortgage-backed securities business, the magazine said. A German government spokesman declined to comment on the report Saturday. A Deutsche Bank spokeswoman also wouldn’t comment.

Understanding the Fine

The Guardian reports $14bn Deutsche Bank Fine – All You Need to Know.

The prospect of a $14bn penalty from the US Department of Justice has rattled investor confidence in Deutsche. The penalty aims to settle allegations, dating back to 2005, about the way the bank selected mortgages, packaged them into bonds and sold on to investors. These bonds are known as residential mortgage-backed securities (RMBS).

Can Deutsche Afford the Bill?

Deutsche Bank has been quick to describe the fine as an “opening position” from Washington. It is easy to see why. It would be one of the largest ever fines levied by the US. It could also strain the bank’s finances. For 2015, the bank reported its first annual loss since 2008 and could be heading for another loss this year regardless of the threatened justice department fine.

…click on the above link to read the rest of the article…

“Deutsche Bank May Ultimately Need A State Bailout” – Handelsblatt

“Deutsche Bank May Ultimately Need A State Bailout” – Handelsblatt

While the most recent set of troubles plaguing Deutsche Bank have been duly documented here, most recently yesterday when the stock price tumbled once again just shy of all time lows over fears the bank’s multi-billion DOJ settlement could severely impact its liquidity and/or solvency, this may be the first time we have heard the “n“-word tossed around in an official German publication: as Germany’s top financial newspaper, Handelsblatt said, “German financial officials reacted with shock and dismay to the leaking of a U.S. government demand for a $14 billion fine against Deutsche Bank, which may ultimately need a state bailout to pay the bill.

Some more details from the article titled “Deutsche Bank in New Existential Crisis“:

Discussion of Deutsche Bank’s shaky capitalization has burst back to life, with renewed speculation on whether Chief Executive John Cryan will be forced to raise new capital, which he had previously ruled out, or make emergency asset sales.

Some have even raised the possibility of a government bailout of Germany’s largest bank, which would be a defining event and a symbolic blow to the image of Europe’s largest economy. 

And some more troubling truth:

Many analysts fear the bank may be in a vicious circle, with losses and cancelled dividends pushing down share prices and preventing the rebuilding of a capital buffer.

One thing is clear. With this many unresolved legal issues, any recapitalization is likely to mean selling new shares at knock-down prices. One bright spot for the bank may be ongoing negotiations with finance company Phoenix Group for the sale of Abbey Life, its British insurance subsidiary.

Phoenix recently confirmed talks were at an advanced stage. Any sale would bring €1 billion into Deutsche Bank’s coffers – a welcome sum, but not enough to solve the bank’s problems.

…click on the above link to read the rest of the article…

Germany Prepares For Domestic Troop Deployments As “Catastrophic” Terrorist Attack Deemed “Conceivable, Even Probable”

Germany Prepares For Domestic Troop Deployments As “Catastrophic” Terrorist Attack Deemed “Conceivable, Even Probable”

Merkel continues to publicly defend her “open border” immigration policies despite continued erosion of her popularity amid rising nationalist sentiments in Germany and across the EU.  Meanwhile, Germany is preparing to deploy troops within its borders for the first time since World War II amid growing fears that the potential for a large-scale terrorist attack is “conceivable, even probable,” at least according to Lt. Gen. Martin Schelleis.

Concerns of a potential threat come as nearly 30,000 asylum seekers continue to flood the country each month from Syria alone (see chart below).  Overall, Germany took in about 2.1 million immigrants last year and over half of them were refugees.

Germany - Asylum Seekers

Which has resulted in a spike in terrorist attacks….

Germany - Terrorist Attacks

Plans to utilize soldiers for counter-terrorism efforts within domestic borders is a very controversial concept for a country only seven decades removed from totalitarian rule.  Such efforts weren’t even allowed until a court decision in 2012 which expanded Article 35 of the German constitution to allow armed forces to be deployed within domestic borders but only in response to a terrorist attack of “catastrophic proportions.”

Per Schelleis, German military assets are critical for providing a quick, effective response to a large-scale terrorist attack.  Per NBC:

“What matters in a large-scale terrorist situation is that quick and effective action is taken,” he told NBC News. “This calls for the procedures to be coordinated and practiced.”

Schelleis added the military assistance on offer could include low-altitude air space surveillance, checkpoints, explosive ordnance disposal and even advice on nuclear, biological and chemical threat situations.

“We could also provide mobile laboratory capabilities,” Schelleis said. “Our troops are excellently trained. The same applies to medical personnel, who are well versed in treating gunshot and burn injuries.”

…click on the above link to read the rest of the article…

Germany’s Finance Minister Blames ECB For German Trade Surplus; Why the Eurozone Will Destruct

Germany’s Finance Minister Blames ECB For German Trade Surplus; Why the Eurozone Will Destruct

Schaueble dismissed a suggestion this week by ECB head Mario Draghi that Germany should use fiscal room for manoeuvre to decrease its export surplus.

schaueble

Reuters reports Germany’s Schaeuble blames ECB for German Export Surplus.

Germany has no plans to reduce its export surplus, Finance Minister Wolfgang Schaeuble said on Friday, as the European Central Bank (ECB) has not changed its monetary policy which has led to a weaker euro which in turn boosts German exports.

“Even before the European Central Bank decided its policies of unusual monetary policy, which also led to the euro exchange rate falling significantly, I said that we will increase German export surplus,” Schaueble told reporters.

“If the surplus in the euro zone as a whole rises by a total of 3.6 percent, one should not be surprised that the German export surplus has also risen, if not by 3.6 percent but by 2 percent,” he said before meeting other European finance ministers.

When asked whether he had any plans to decrease Germany’s export surplus, Schaeuble said: “I haven’t heard that the ECB is changing its monetary policy.”

The Munich-based Ifo economic institute has said Germany’s current account surplus would probably hit a new record of 278 billion euros ($313.28 billion) this year, overtaking that of China again to become the world’s largest.

Resounding No

I take that as a resounding “no” to Draghi’s proposal that Germany should reduce its export surplus.

Target2

No discussion of eurozone problems would be complete without a discussion of Target2, an abomination created by the eurozone founders and one of the fundamental flaws of the euro.

…click on the above link to read the rest of the article…

Olduvai II: Exodus
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Olduvai II: Exodus
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Olduvai III: Cataclysm
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