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It Is Like A Western Movie: A Showdown Is In The Making
It Is Like A Western Movie: A Showdown Is In The Making It has taken the US military/security complex 31 years to get rid of President Reagan’s last nuclear disarmament achievement—the INF Treaty that President Reagan and Soviet President Gorbachev achieved in 1987. The Intermediate Range Nuclear Forces Treaty was ratified by the US Senate […]
Trump Threatens US Will Increase Nukes Until Russia, China “Come To Their Senses”
Trump Threatens US Will Increase Nukes Until Russia, China “Come To Their Senses” After hours of closed door talks in Moscow between US National Security Advisor John Bolton and his Russian counterpart Secretary of the Russian Security Council, Nikolay Patrushev, Bolton told reporters that the United States has yet to take a decision on whether it plans […]
A Storm is Brewing in Europe: Italy and Its Public Finances Are at the Center of It
A Storm is Brewing in Europe: Italy and Its Public Finances Are at the Center of It Photo Source Giuseppe Milo | CC BY 2.0 Yet the problem with Italy is not the problem that the European Commission or financial markets see. Rome is planning an expansionary budget – just what Italy needs and just the […]
The Biggest Winners In The Mediterranean Energy War
The Biggest Winners In The Mediterranean Energy War Former Vice-President of the United States Dick Cheney once said: “the good lord didn’t see fit to put oil and gas only where there are democratically elected states… Occasionally we have to operate in places where, all considered, one would not normally choose to go. But we […]
US Is Negotiating With SWIFT To Disconnect Iran From Network
US Is Negotiating With SWIFT To Disconnect Iran From Network Treasury Secretary Steven Mnuchin said that unlike Obama’s 2013 Iran blockade, it would be harder for countries to get waivers on Iran oil sanctions as the US is already working on disconnecting Iran from the SWIFT network and dismissed concerns that oil prices could rise, […]
The European financial establishment has just declared war on Italy
The European financial establishment has just declared war on Italy This week in a CNBC interview Jeroen Dijsselbloem, the former Dutch minister of finance who served as the President of the Eurogroup, declared war on the Italian government. The European financial establishment is prepared to destroy the banking system and cause the Italian economy to […]
Putin Lays Down the Law at Valdai
Putin Lays Down the Law at Valdai Every year Russian President Vladimir Putin speaks at the Valdai Economic Forum. And each year his talk is important. Putin isn’t one to mince words on important issues. With tensions between Russia and the West reaching Cold War levels, Valdai represented the first time we’ve heard Putin speak […]
“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. […]
Russia And China Prepare To Ditch Dollar In Bilateral Trade
Russia And China Prepare To Ditch Dollar In Bilateral Trade In a time when many nations have gone public with their intention to ditch the dollar in part or in whole, in bilateral trade with non-US counterparts, either to prevent the US from having “veto power” of commerce courtesy of SWIFT or simply in response […]
The ECB on the Verge of Collapse?
The ECB on the Verge of Collapse? The European Central Bank (ECB) will NOT aid Italy with an EU rescue program if the country or its banks are in financial turmoil. The Italian government is taking the view that Italy has become an “occupied” country and that Germany has conquered Europe imposing austerity and […]
Oil’s $133 Billion Black Market
Oil’s $133 Billion Black Market Oil is still the world’s leading energy source, with growing demand, a fluctuating pricing system, and much of its production in volatile regions. The oil market’s value is larger than the world’s valuable raw metal markets combined, with an annual production valued at US$1.7 trillion. A flourishing black market is […]
Inevitable De-Industrialisation of Europe
Inevitable De-Industrialisation of Europe EU ministers agreed to binding cuts in CO2 emissions of 35% by 2030. The German auto industry won’t be able to deliver. The Telegraph reports Berlin court orders German capital to ban most diesel vehicles on 11 major roads to counter pollution. Hamburg was first in May. Stuttgart, home of Mercedes […]
US Officials Say Russia To “Seize” Syria’s Oilfields As Moscow Presses Europe On Reconstruction
US Officials Say Russia To “Seize” Syria’s Oilfields As Moscow Presses Europe On Reconstruction Russia is attempting to woo European countries like Germany into a program of reconstruction cooperation in Syria, where broad swathes of the country have been destroyed through seven years of grinding proxy war; however, Pentagon officials have charged Russia with wanting […]
Does the United States strive for a new Cold War?
Does the United States strive for a new Cold War? Donald Trump’s administration regularly increases military presence in Central Europe. The currently discussed idea is to create an American permanent military base in Poland, that is to say, a further shift of the US military presence towards the Russian border. The question arises whether, through […]
