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Germany Accuses Italy of “Debt Blackmail”: Hello EU, Time for Reform Expired
Germany Accuses Italy of “Debt Blackmail”: Hello EU, Time for Reform Expired For 10 years, the EU and EMU promised reform. None was delivered. Time is Up. Populists have taken control of Italy. Merkel’s CDU/CSU coalition is in a state of panic regarding Italy. The German parties went on the attack accusing Italy of “debt […]
Washington Threatens Sanctions For Nord Stream 2
Washington Threatens Sanctions For Nord Stream 2 While Germany tries to make sure Ukraine will not suffer too badly from the addition of Nord Stream 2 to the European natural gas pipeline network, a senior State Department official has threatened sanctions for the controversial project. Speaking to media in Berlin, Deputy Assistant Secretary of State […]
Merkel: “Trump’s Decision Damages Trust In The International Order”
Merkel: “Trump’s Decision Damages Trust In The International Order” One day after Angela Merkel said Europe can no longer rely on the US “to protect it” in the aftermath of Trump’s unilateral withdrawal from the Iran nuclear accord, stating that “It’s no longer the case that the United States will simply just protect us. Rather, […]
Merkel Caught in the Energy Conundrum for Germany’s Future
Merkel Caught in the Energy Conundrum for Germany’s Future The nominal U.S. President, Donald Trump, will meet with the two main European leaders next week with the goal of pushing the President off his position to end the Iran Nuclear Deal, or JCPOA. But it is the bigger issues of energy security that will be the […]
China Slams Syrian Airstrikes As Germany And Italy Refuse To Participate
China Slams Syrian Airstrikes As Germany And Italy Refuse To Participate While the western community has been broadly supportive of the overnight strikes launched against Syria by the US, UK and France, two prominent members have either refused to participate or outright oppose them. As we first reported last week, Germany (along with Italy) refused […]
Mises the Man and His Monetary Policy Ideas Based on His “Lost Papers”
MISES THE MAN AND HIS MONETARY POLICY IDEAS BASED ON HIS “LOST PAPERS” One day in 1927 Austrian economist, Ludwig von Mises, stood at the window of his office at the Vienna Chamber of Commerce, and looked out over the Ringstrasse (the main grand boulevard that encircles the center of Vienna). He said to his young friend […]
The Specter of Hyperinflation: Remarque’s “The Black Obelisk”
The Specter of Hyperinflation: Remarque’s “The Black Obelisk” Erich Maria Remarque, author of All Quiet on the Western Front, produced a novel in 1956 called The Black Obelisk about the nightmarish hyperinflation that battered the German mark in the early 1920’s and led to the rise of fascism. Germany’s experience during the troubled Weimar era, […]
Germany Approves Russia-Led Nord Stream 2 Gas Pipeline
Germany Approves Russia-Led Nord Stream 2 Gas Pipeline Germany approved on Tuesday the construction and operation of the Russia-led Nord Stream 2 gas pipeline in its territorial waters, thus issuing all necessary permits for the German section of the project that has torn Europe and EU member states over the implications of Russia’s gas giant […]
Albert Edwards: “Trump Will Soon Turn His Protectionist Fire On Germany. That Will Be Messy”
Albert Edwards: “Trump Will Soon Turn His Protectionist Fire On Germany. That Will Be Messy” We were wondering how long before one of our favorite “perma-skeptics”, Socgen’s Albert Edwards, would chime in on the global trade war that broke out in the past few weeks, especially since trade protectionism, tariffs and subsidies are the opposite […]
The Pros And Cons Of Nord Stream 2
The Pros And Cons Of Nord Stream 2 There are few issues as divisive in the EU as the planned construction of Nord Stream 2, another direct gas infrastructure connection between Germany and the Russian Federation. With the climate of relations between Russia and the West just above the point of freezing, the agreement between […]
Global Growth? Retail Sales Flop in US, UK, Canada, Germany, Australia
Global Growth? Retail Sales Flop in US, UK, Canada, Germany, Australia Consumers unexpectedly threw in the towel in 5 countries but the central banks and the IMF insist everything is fine. On February 14, I noted US Retail Sales Dive, Negative Revisions Too. This will impact both 4th quarter and first quarter GDP estimates. On […]
Are Germany’s Energy Transition Plans Working?
Are Germany’s Energy Transition Plans Working? Considering the established political imperatives underpinning the German energy transition(Energiewende) and the overall push toward greater use of renewables in the energy mix, let’s look at some of the outcomes of this transition — specifically natural gas imports from Russia and fossil fuel consumption. A boost in renewables would […]
The real lesson of the Energiewende is that the German economy uses too much energy to be sustainable and needs to degrow…
The real lesson of the Energiewende is that the German economy uses too much energy to be sustainable and needs to degrow… Implications of a study by Hans Werner Sinn, ifo Institute Munich For a long time Germany’s attempt to grapple with atomic power, climate change and energy issues through its so called “Energiewende” (Energy […]
Russia Secretly Simulated a Full-Scale War Against NATO: Report
Russia Secretly Simulated a Full-Scale War Against NATO: Report (ANTIMEDIA) — In September, Russia held extensive military exercises that included the use of both Russian and Belarusian military forces. The drills were scheduled to last for at least a week. We’re revolutionizing the news industry, but we need your help! Click here to get started. On December 19, German […]
The Municipal Debt Crisis Begins
The Municipal Debt Crisis Begins I have previously reported that about 50% of German municipalities are insolvent. This is a global trend and we are witnessing it in the United States as well. The North Rhine-Westphalian Association of Cities has called for help from the future German federal government as the building crisis among financially weak […]



