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Tainted Russian Oil Crisis May Drag On For Months
Tainted Russian Oil Crisis May Drag On For Months It’s been a month since Russian oil flows through the Druzhba pipeline were suspended due to contamination, and despite Russia’s assurances that clean oil will resume flowing through the pipeline westward to Europe in the second half of May, analysts and traders say the progress is […]
Sanctions or Sucking Up? US Grovels in Ukraine
Sanctions or Sucking Up? US Grovels in Ukraine The US sent Energy Secretary Rick Perry to the inauguration of the new Ukrainian President, Volodymyr Zelenskiy, to announce the sanctions bill on Gazprom’s Nordstream 2 pipeline would pass. I can’t tell what’s more pathetic at this point, the neocons in Trump’s administration thinking that sanctions actually […]
Will The U.S. Slap Sanctions On Nord Stream 2?
Will The U.S. Slap Sanctions On Nord Stream 2? There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline. The pipeline under construction would carry Russian natural gas to Germany, and has been a lightning rod of controversy both in Europe and across the Atlantic. Many governments […]
Debt is the Hidden Issue in The European Elections
Debt is the Hidden Issue in The European Elections The citizens of the European Union are called to vote this week for the European Parliament. It is not a real parliament, and it lacks prospects for becoming one, since all important decisions are taken by the unelected heads of the European Commission and the European […]
Blain’s Morning Porridge – May 22 2019 – Tesla and Yoorp worries
Blain’s Morning Porridge – May 22 2019 – Tesla and Yoorp worries “When the bough breaks…” Have you ever watched a house of cards collapse? Sometimes a corner or a side comes down, and it can be sort of fixed… Sometimes the whole thing just gets blown away. My Spidey Senses are all a-tingle this […]
When Deutsche Bank’s Crisis Becomes Our Crisis
When Deutsche Bank’s Crisis Becomes Our Crisis Our friends in Europe seem totally incapable of addressing their failing financial sector. And that’s not good for anyone. By anandoart/Shutterstock Americans generally think of Europe first as a wonderful place to visit. They rarely ponder the economic and financial ties between the United States and European Union, but […]
New money meets the cost of change: how local currencies save economies and communities, and help them flourish
New money meets the cost of change: how local currencies save economies and communities, and help them flourish In times of crisis and other upheavals, local communities have discovered that one answer to being failed by the mainstream economy is to print your own currency. Responses also range from age-old barter systems to time-banking and […]
Beneath the Surface of Brexit
Beneath the Surface of Brexit Geography matters, the balance of power matters, and democracy–it’s not yet clear if democracy matters or not. I’ve been asked to comment on Brexit. I’m happy to do so, but not by promoting a position yes or no, or by attempting to unravel the political machinations, as I have neither the knowledge nor the […]
Europe’s food imports devour rainforests
Europe’s food imports devour rainforests Europe’s food imports swallow large amounts of tropical deforestation. Image: By Sander Dalhuisen on Unsplash Human appetites drive global rainforest destruction. Now science has measured how Europe’s food imports leave scorched tropical soils and greenhouse gases. LONDON, 5 April, 2019 − European scientists have worked out how European consumers can reduce tropical forest loss and cut […]
Blain’s Morning Porridge – March 18th 2019
Blain’s Morning Porridge – March 18th 2019 “It’s the edge of the world and all of western civilization, the Sun may rise in the East at least its settled in a fine location..” In the headlines this morning: https://www.morningporridge.com/stuff-im-watching What a Saturday…Well done Wales on a well-deserved Grand Slam. But, I wonder if there is a […]
Time Runs Out on U.S. Opposition to Nordstream 2
Time Runs Out on U.S. Opposition to Nordstream 2 The Nordstream 2 pipeline represents the last stand of U.S. influence over the internal affairs of Europe. Once finished it will stand as a testament to the fundamental split between the European Union and the United States. Europe will this as its first successful defense of its […]
Europe is so weak it can’t even handle 0% interest rates
Europe is so weak it can’t even handle 0% interest rates Europe’s leading economic policy makers have officially thrown in the towel. Last week, the European Central Bank admitted economic conditions are so dire that it already has to reverse its monetary policy. I’ll get back to that in a minute… Following the Great Financial Crisis in […]
Federal Reserve Chairman Appears on 60 Minutes – Why Now?
Federal Reserve Chairman Appears on 60 Minutes – Why Now? One of the most famous, and prescient, financial cartoons in American history is the above depiction of the Federal Reserve Bank as a giant octopus that would come to parasitically suck the life out of all U.S. institutions as well as free markets. The image is […]
America and Europe: Growing differences over Iran
America and Europe: Growing differences over Iran The United States’ and Poland’s co-hosted conference in Europe is a controversial event. It has united some American allies around President Donald Trump’s aggressive anti-Iran posturing while alienating some others. The Summit demonstrated divisions amongst European Union member states on the current American administration’s foreign and security policies. It also […]
Gold Rising Because it Protects Against Government – Martin Armstrong
Gold Rising Because it Protects Against Government – Martin Armstrong Legendary geopolitical and financial analyst Martin Armstrong continues to be bullish on America. Armstrong contends, “The U.S. economy has been the only thing holding up the world. People do not realize what is the difference between the U.S. vs. the rest of the world? China […]
