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Tag Archives: germany
Carbon Crossroads: Can Germany Revive Its Stalled Energy Transition?
A wind turbine operating next to the Niederaussem coal-fired power plant near Bergheim, Germany. LUKAS SCHULZE/GETTY IMAGES Carbon Crossroads: Can Germany Revive Its Stalled Energy Transition? Although Germany has been a global leader in moving to decarbonize its massive economy, the country’s ambitious clean-energy transformation is faltering. Now, a broad spectrum of energy experts are […]
Trump Derangement International
Trump Derangement International Diego Velázquez The Spinners 1655-60 Dirk Kurbjuweit, deputy editor-in-chief of Germany’s Der Spiegel magazine for the past 4 years, unwittingly put his foot a mile deep in his mouth this week when he reacted to a letter written by US Ambassador to Berlin Richard Grenell. His reaction presents perhaps the most […]
CNN’s “Journalist Of The Year” Committed Journalistic Fraud “On A Grand Scale” At Der Spiegel
CNN’s “Journalist Of The Year” Committed Journalistic Fraud “On A Grand Scale” At Der Spiegel German news magazine Der Spiegel has admitted that one of its top reporters has faked stories for several years. Award-winning journalist Claas Relotius had “made up stories and invented protagonists” in approximately 14 out of 60 articles which appeared both […]
Bundesbank warns of Coming Pension Crisis
Bundesbank warns of Coming Pension Crisis The Bundesbank has come out warning that there is a German pension crisis. They have proposed that states raise the pension tax and that they should gradually increase the retirement age because the life expectancy in the future has risen. Central Bank President, Jens Weidmann, has stated that he is generally in […]
Hitler’s Economics
Hitler’s Economics For today’s generation, Hitler is the most hated man in history, and his regime the archetype of political evil. This view does not extend to his economic policies, however. Far from it. They are embraced by governments all around the world. The Glenview State Bank of Chicago, for example, recently praised Hitler’s economics […]
Blain’s Morning Porridge – 29 Oct 2018
Blain’s Morning Porridge – 29 Oct 2018 “We are not now that strength which in old days, moved earth and heaven, that which we are, we are;” I’m up in Edinburgh for a few days, so Porridge might be a bit sporadic this week. Will try to keep it updated. UK will be distracted by […]
Germany Admits it Needs More from Russia than Nordstream 2
Germany Admits it Needs More from Russia than Nordstream 2 During the years the U.S. and its satraps in Poland and the Baltics fought the Nordstream 2 pipeline it was always apparent Germany was in the driver’s seat. It was also apparent that this would be the wedge issue that would ultimately force Germany to […]
“One Size Fits Germany” Math Impossibility, Get Your Money Out of Italy Now!
“One Size Fits Germany” Math Impossibility, Get Your Money Out of Italy Now! Italy, on the Euro, has a currency that is 9% too high. Germany, on the Euro, has a currency that is 11% too low. There was much discussion yesterday about the US Treasury report that determined China was not a currency manipulator. […]
Germany Clashes With The U.S. Over Energy Geopolitics
Germany Clashes With The U.S. Over Energy Geopolitics The United States and the European Union (EU) are at odds over more than just the Iran nuclear deal – tensions surrounding energy policy have also become a flashpoint for the two global powerhouses. In energy policy, the U.S. has been opposing the Gazprom-led and highly controversial […]
Blain: “Liquidity Will Be The Murder Weapon”
Blain: “Liquidity Will Be The Murder Weapon” “Slain, after all man’s devices had failed, by the humblest things that God, in his wisdom, has put upon this earth”” After last week’s stock market ructions, my market spidey senses are tingling… https://morningporridge.com/stuff-im-watching In the headlights this morning: Saudi Arabia: forget the IPO and worry about MbS […]
The World Is Quietly Decoupling From the U.S. – And No One Is Paying Attention
The World Is Quietly Decoupling From the U.S. – And No One Is Paying Attention Blind faith in the U.S. dollar is perhaps one of the most crippling disabilities economists have in gauging our economic future. Historically speaking, fiat currencies are essentially animals with very short lives, and world reserve currencies are even more […]
US Hints At Naval Blockade Of Russian Energy Exports Which Moscow Warns Would Be “An Act Of War”
US Hints At Naval Blockade Of Russian Energy Exports Which Moscow Warns Would Be “An Act Of War” In a interview about fracking and the implications of making the United States less dependent on foreign sources of energy, Interior Secretary Ryan Zinke told the Washington Examiner that the US Navy has the ability to blockade Russia from controlling […]
New WikiLeaks Release Exposes Corruption in UAE Arms Deal Fueling War on Yemen
New WikiLeaks Release Exposes Corruption in UAE Arms Deal Fueling War on Yemen Though the corruption detailed in the newly leaked document took place decades ago, it highlights how lucrative arms deals are often enough incentive for governments to bend the rules in order to keep weapons and cash flowing, no matter the consequences. PARIS […]
Macron Says “France Won’t Deal with Countries that Don’t Respect Climate Accord”
Macron Says “France Won’t Deal with Countries that Don’t Respect Climate Accord” French President Emmanuel gave a blistering speech at the UN pointed at Trump. I suggest Macron should look at Germany. Hoot of the Day French president Emmanuel Macron is calling on other countries to join him in refusing to sign new deals with […]
Europe Unveils “Special Purpose Vehicle” To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status
Europe Unveils “Special Purpose Vehicle” To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent […]
