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Tag Archives: europe
The World Is Quietly Decoupling From the U.S. – And No One Is Paying Attention
The World Is Quietly Decoupling From the U.S. – And No One Is Paying Attention Blind faith in the U.S. dollar is perhaps one of the most crippling disabilities economists have in gauging our economic future. Historically speaking, fiat currencies are essentially animals with very short lives, and world reserve currencies are even more […]
Italian Stocks, Bonds Collapse After EU Rejects Rome’s Budget Plans
Italian Stocks, Bonds Collapse After EU Rejects Rome’s Budget Plans Italian stocks tumbled with the FTSE MIB dropping 2.3% – the worst performer among major European markets on Monday – and hitting its lowest level since April 2017, while the country’s bonds plunged to the lowest level since February 2014 amid what now appears to […]
Sanctions Busting, European Style
Sanctions Busting, European Style U.S. officials were infuriated last week when Germany, the UK, and France unveiled plans to create a European payments channel to help Iran to avoid U.S. sanctions. Even more surprising was their chosen allies: in announcing their sanctions busting plan, the Europeans were joined by Russia and China. There has been […]
Maybe a rethink from Brussels?
Maybe a rethink from Brussels? The entire fabric of the European Union is under threat while the hierarchy in Brussels sleepwalks into yet another crisis. The UK is highly likely to walk away from further Brexit negotiations, Italy which once survived on a diet of high interest rates and high inflation is threatening to blow […]
US Threatens To Destroy Russian Nuclear-Capable Missile System If Necessary
US Threatens To Destroy Russian Nuclear-Capable Missile System If Necessary U.S. Ambassador to NATO Kay Bailey Hutchison on Tuesday warned that the U.S. could be forced to “take out” missiles Russia is developing that violate a Cold War-era treaty. If completed, the 9M729 Russian missile system could give it the capability to launch a missile […]
Beware of the Real Debt Crisis on the Horizon – not the BS on TV
Beware of the Real Debt Crisis on the Horizon – not the BS on TV We have to come to the reality that from 2019 onward, we are headed into a Pension Crisis that will be serious. Many are starting to yell about the debt crisis. They lump on private debt and yell its a […]
Iran “Finalizing” Mechanism To Bypass SWIFT In Trade With Europe
Iran “Finalizing” Mechanism To Bypass SWIFT In Trade With Europe Just days after Europe unveiled a “special purpose vehicle” meant to circumvent SWIFT and US monopoly on global dollar-denominated monetary transfers – and potentially jeopardizing the reserve status of the dollar – Iran said it was finalizing mechanisms for the oil trade to bypass US […]
Europe Prepares For Natural Gas Price Hike
Europe Prepares For Natural Gas Price Hike Europe’s natural gas and electricity markets are heading into the winter heating season with prices at record highs amid various supply outages in already tight markets and uncertainty over how much flexibility in gas and power generation there will be. Forward prices for natural gas are factoring in […]
US Hints At Naval Blockade Of Russian Energy Exports Which Moscow Warns Would Be “An Act Of War”
US Hints At Naval Blockade Of Russian Energy Exports Which Moscow Warns Would Be “An Act Of War” In a interview about fracking and the implications of making the United States less dependent on foreign sources of energy, Interior Secretary Ryan Zinke told the Washington Examiner that the US Navy has the ability to blockade Russia from controlling […]
Europe Launches War On Italy’s Fiscal Plans: Warns Of Debt “Explosion”, Threatens Savers
Europe Launches War On Italy’s Fiscal Plans: Warns Of Debt “Explosion”, Threatens Savers In the aftermath of Italy’s defiant announcement that it would expand its 2019 budget deficit to 2.4% of GDP, above both the initial proposal from finmin Tria which was 1.6%, and also higher than the European “redline” of 2.0%, the question was […]
The impacts of electrification – the example of France
The impacts of electrification – the example of France A number of “100% renewable” studies foresee wholesale electrification as the best way to cut emissions. In this post I compare load curves from three European countries where electric heating is not widely used (Spain, Germany and Poland) with one where it is (France). The annual […]
Is Nature Preparing for a New Ice Age or a Pole Shift?
Is Nature Preparing for a New Ice Age or a Pole Shift? There is a very curious connection between lakes and volcanos in the Arctic. I just posted how there are kilotons of CO2 coming out of volcanos. There is a similar thing now showing up in lakes in the Arctic as well. There are about 300 […]
Italian Stocks Crash Most In 2 Years, Bond Yields Soar Amid Budget Deficit Liquidation Panic
Italian Stocks Crash Most In 2 Years, Bond Yields Soar Amid Budget Deficit Liquidation Panic After yesterday’s last minute decision by Italy’s ruling coalition to boost the country’s 2019 deficit to 2.4% of GDP, a number that challenged Brussels and its demands for a deficit no greater than 2.0% and made a mockery of the […]
Europe Unveils “Special Purpose Vehicle” To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status
Europe Unveils “Special Purpose Vehicle” To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent […]
