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Tag Archives: eu
Gross Incompetence
Gross Incompetence Jean-Léon Gérôme Truth Coming Out of Her Well to Shame Mankind 1896 Here’s the lowdown: the EU’s single market mechanism dictates freedom of movement for labor, capital, services and goods. These are not divisible; you cannot have one without the other. Still, that’s precisely what Theresa May, again, is proposing. She basically wants […]
Italian debt; a financial disaster waiting to happen
Italian debt; a financial disaster waiting to happen The new Italian government will increase public spending and public debt. It promised to reduce taxes, introduce basic security and reform pensions. Italy’s Northern League’s leader Mateo Salvini surged in the polls and the party is now the strongest in Italy. A couple of years ago it […]
Trump Firmly In the Twilight Zone: Threatens Nord Stream 2 With Sanctions
Trump Firmly In the Twilight Zone: Threatens Nord Stream 2 With Sanctions Trump’s vise on the EU started with steel, progressed to cars, then to Iran, and now to a gas pipeline vital to the EU. The story of the day, not discussed in mainstream media, involves Nord Stream 2, a gas pipeline between Russia […]
The Biggest Monetary Experiments in History: Part 1
The Biggest Monetary Experiments in History: Part 1 … and all at the same time. Last week was a humdinger. Three things happened: One Firstly, our pasta-eating friends, after having experienced firsthand a blizzard of accelerating violent crime… and watching their previously gentrified neighbourhoods reconfigured into ghettos resembling the Maghreb, decided enough was enough and said […]
Italy challenges the Western order
Italy challenges the Western order The EU is under a lot of strain With a massive influx of immigrants from across Africa and the Middle East, and growing poverty, Italy voted in a populist government representing policies which would seem to virtually overturn the postwar European order. The austerity measures which have been imposed upon […]
The Gently Rotting Debt-Ridden EU
The Gently Rotting Debt-Ridden EU The EU as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principle is the state is superior to its people. A system of government can only work over the longer term if it recognises that it […]
What The “Doomsday Brexit Plan” Document Says Should Frighten Us All
What The “Doomsday Brexit Plan” Document Says Should Frighten Us All This is the first paragraph of The Times article (paywall) regarding Britain’s now famous Doomsday Brexit plan. “Britain would be hit with shortages of medicine, fuel and food within a fortnight if the UK tries to leave the European Union without a deal, according to a Doomsday Brexit […]
US Treasury Dept Warns Allies Against Accidentally Trading With Iran
US Treasury Dept Warns Allies Against Accidentally Trading With Iran Companies ‘face substantial risks’ if they’re caught trading with Iran The US Treasury Department on Tuesday issued a statement directed at allied governments, and private companies operating out of allied countries, warning them against any trade with Iran, warning they “face substantial risks” if they […]
This is Italy. This is not Sparta.
This is Italy. This is not Sparta. Nikolay Dubovsky Became Silent 1890 “European Stocks Surge Celebrating New Spanish, Italian Governments”, says a Zero Hedge headline. “Markets Breathe Easier As Italy Government Sworn In”, proclaims Reuters. And I’m thinking: these markets are crazy, and none of this will last more than a few days. Or hours. […]
Hotel Europa
Hotel Europa Theodoor Rombouts( 1597-1637) Prometheus On Friday, in This is the End of the Euro, I said: The euro has become a cage, a prison for the poorer brethren. The finance minister proposed by 5-Star/Lega and refused by Italian president Mattarella, Paolo Savona, has called the euro a German cage. There are now […]
Who Needs Enemies?
Who Needs Enemies? Vittorio Matteo Corcos Conversation in the Jardin du Luxembourg 1892 Obviously, there are tensions between Europe and the US. Just as obviously, these tensions are blamed on, who else, Donald Trump. European Council President Donald Tusk recently said: “With friends like Trump, who needs enemies?” EU Commission chair Jean-Claude Juncker even proclaimed […]
DOLLAR COLLAPSE COMING: EU To DITCH The US Dollar In Payments For Iranian Oil
DOLLAR COLLAPSE COMING: EU To DITCH The US Dollar In Payments For Iranian Oil The dollar’s collapse is nearing. The European Union is planning to switch its payments to the Euro for its oil purchases from Iran, eliminating United States dollar transactions. Just one more nail to the US dollar’s coffin. Its collapse is all but […]
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, […]
Greece & the Debt Crisis
Greece & the Debt Crisis The entire EU Crisis began precisely on schedule on the Political Pi Turning point from the major high in 2007. Precisely on the day of the ECM turning point, April 16, 2010 (2010.29) Greece notified the IMF it was on the verge of bankruptcy. By April 22nd, the Euro fell to near […]
Facebook and the Future of Online Privacy
Yasin Ozturk/Anadolu Agency/Getty Imag Facebook and the Future of Online Privacy The EU has taken the lead in responding to abuse by the likes of Facebook, thanks to its new privacy standards and proposed greater taxation of peddlers of online personal data. Yet more is needed and feasible. NEW YORK – Chris Hughes, a co-founder […]
