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NATO mulls worst-case scenario in case Trump pulls US troops out of Europe – report
NATO mulls worst-case scenario in case Trump pulls US troops out of Europe – report © Francois Lenoir / Reuters NATO strategists are reportedly planning for a scenario in which Trump orders US troops out of Europe, as the shock result of the US presidential election sinks in, spreading an atmosphere of uncertainty. According to […]
Ungovernability
Ungovernability Inge Morath Street Corner at World’s End London 1954 Over the summer I introduced a two-fold assertion: 1) global economic growth is over (and has been for years and won’t come back for many more years) and 2) the end of growth marks the end of all centralization, including globalization. You can read all about these themes […]
Tiny Region of Wallonia in Small Country of Belgium Trips up Global Corporatocracy
Tiny Region of Wallonia in Small Country of Belgium Trips up Global Corporatocracy “Thinly veiled threats” from corporations. Visibly shaken, as Reuters put it, Canadian trade minister Chrystia Freeland walked out of EU trade negotiations in Belgium on Friday evening, lamenting that the EU is “incapable of reaching an agreement – even with a country with European values […]
“The System Simply Isn’t Working” – Hugh Hendry Warns Of 1930s-Style “Dramatic Fulcrum Point” In Europe
“The System Simply Isn’t Working” – Hugh Hendry Warns Of 1930s-Style “Dramatic Fulcrum Point” In Europe Having warned in Q1 of the possibility of a China-devaluation-driven collapse in to a “Mad Max” world, Eclectica’s Hugh Hendry lays out the next steps and catalysts for ‘change’… Via ValueWalk.com, We believe we are approaching a dramatic fulcrum point […]
The Coming Collapse of the World’s Biggest Economy
The Coming Collapse of the World’s Biggest Economy The stage is set for the collapse of the world’s largest economy—the European Union. The trigger: Italy’s exit from the euro currency. The Financial Times recently put it this way: An Italian exit from the single currency would trigger the total collapse of the eurozone within a very short […]
Monte Paschi Rescue On The Rocks: Regulators Now “Expect Bank To Ask Italy For Bailout”
Monte Paschi Rescue On The Rocks: Regulators Now “Expect Bank To Ask Italy For Bailout” Ever since two months ago, when Italy’s third largest bank – and the world’s oldest – Sienna’s Monte dei Paschi, failed Europe’s latest stress test, it had scrambled, and assured markets, that it would obtain a private sector cash injection, […]
George Friedman: Italy Is the Mother of All Systemic Threats
George Friedman: Italy Is the Mother of All Systemic Threats Italy has been in a crisis for at least eight months, though mainstream media did not recognize it until July. This crisis has nothing to do with Brexit, although opponents of Brexit will claim it does. Even if Britain had voted to stay in the EU, […]
It Won’t Be Long Now—-The End Game Of Central Banking Is Nigh
It Won’t Be Long Now—-The End Game Of Central Banking Is Nigh My new book will be published next Tuesday. Preorders for the e-Book version will be available in this space beginning later this week. As I previously indicated, the book is an exploration of how 30 years of Bubble Finance policies at the Fed, feckless interventions abroad and […]
Gazprom’s New Strategy of Control: Recapturing the EU Gas Market
Gazprom’s New Strategy of Control: Recapturing the EU Gas Market Britain’s exit from the European Union is a huge blow to European project with potentially devastating implications for its’ latest flagship policy – Energy Union. The United Kingdom has been one of the strongest proponents of EU energy market integration, liberalization, and diversification. By […]
The Revolt Against Globalism
The Revolt Against Globalism Why the elites are in a panic There was William Galston at the European Council on Foreign Relations, listening to his fellow elitists and foreign policy honchos caviling about the rise of Donald Trump and bemoaning the fate of the European Union (EU) at the hand’s of Britain’s Euro-skeptics. As the assembled luminaries had […]
“We Won’t Be Lectured” – Italy’s Renzi To Defy Brussels Over Banking Bailout
“We Won’t Be Lectured” – Italy’s Renzi To Defy Brussels Over Banking Bailout With all eyes distratcted by the post-Brexit euphoria, the last week has seen a far more existential crisis accelerating in Europe. Italy’s banking system is in tatters (from a EUR40bn bailout 6 days ago, to EUR150 emergency support 3 days ago, to a bank bailout […]
Outside the Hall of Mirrors
Outside the Hall of Mirrors The outcome of last week’s vote concerning Britain’s membership in the European Union has set off anguished cries and handwaving across much of the internet and the mass media. The unexpected defeat of the pro-EU camp, though, has important lessons to offer, and not just for those of my readers who […]
Thoughts on the Media and the EU Referendum 190
Thoughts on the Media and the EU Referendum 190 Al Jazeera’s Listening Post programme on the EU referendum media coverage was just broadcast. They only used about 5% of what they recorded of me, split into four soundbites to fit their format. I think the much more interesting points I made were not used at all. […]
Brexit and the Crisis of Capitalism
Brexit and the Crisis of Capitalism If you collapse these extractive, debt-dependent crony-capitalist cartels, you collapse the entire status quo. Thousands of commentaries have been issued about Brexit in the past week.I’ve written four myself. Most discuss Brexit as the result of immigration issues, class war, political theater, a reaction against the European Union’s bureaucratic […]
