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The causes of the differences between European and US residential electricity rates

The causes of the differences between European and US residential electricity rates The price of residential electricity has risen in lockstep with growth in renewable capacity in Europe but not in the US, and because of this European residential electricity rates are now roughly twice US rates. The reasons for the difference are a) that […]

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FM Meeting in Toronto: G7 Engaged in Frenzied Anti-Russia Hysteria

FM Meeting in Toronto: G7 Engaged in Frenzied Anti-Russia Hysteria The G7 foreign ministers’ get-together took place in Toronto on April 22-23 ahead of the group’s two-day summit in June, at which time Charlevoix, Quebec will host the leaders of the United States, Britain, Canada, Germany, France, Italy, and Japan. No decisions were made on […]

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A Furtive Glance at the US’s Ongoing War Preparations Against Russia

A Furtive Glance at the US’s Ongoing War Preparations Against Russia While the world’s attention is riveted on Syria, the US is significantly boosting its forces in Europe. And these are not just divisions streaming in to take part in some exercises that will leave once those are over. This is a serious buildup to […]

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ECB Capitulates On Defusing Eurozone’s “$1 Trillion Ticking Time Bomb”

ECB Capitulates On Defusing Eurozone’s “$1 Trillion Ticking Time Bomb” In late 2017, the ECB surprised central bank watchers, briefly spooked markets, and angered many Italians, with its plan to eradicate what many have dubbed the “ticking time-bomb” at the heart of the Eurozone, namely the roughly $1 trillion in non-performing loans across European banks […]

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Draghi Admits “Growth May Have Peaked”; ECB To Delay QE Unwind

Draghi Admits “Growth May Have Peaked”; ECB To Delay QE Unwind As we have showed repeatedly over the past month, the European economic imploding, and nowhere is this more obvious than the Citi Eurozone Economic Surprise Index why will soon hit its post financial crisis lows. It appears that after weeks of dithering, someone at […]

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The Richest 1% Will Own Two-Thirds Of Global Wealth By 2030, Report Finds

The Richest 1% Will Own Two-Thirds Of Global Wealth By 2030, Report Finds Back in November, Credit Suisse highlighted an alarming – yet altogether unsurprising – milestone in the increasing concentration of global wealth that has been perhaps the most influential force behind the populist revolts that rocked the US in 2016 and have continued […]

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Estonia Expands Massive DNA Grab Of 100,000 Citizens

Estonia Expands Massive DNA Grab Of 100,000 Citizens Alarm bells are ringing in Northern Europe, over the Estonian government’s latest attempt to take a massive number of genetic samples from its citizens. Science, technology, and a government have usually been the perfect trifecta in every dystopian sci-fi thriller, as elected/unelected officials tend to gravitate towards all-seeing, all-knowing and […]

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Europe’s Biggest Gas Field To Close Over Quake Risk

Europe’s Biggest Gas Field To Close Over Quake Risk Europe’s biggest gas field–Groningen in the north of the Netherlands–has been pumping gas for more than half a century and supplies gas to 98 percent of the Dutch population. But the field has been causing earthquakes that have become a growing concern for residents and authorities. […]

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Banks & Builders Want New Property Bubble In Spain, Government Obliges

Banks & Builders Want New Property Bubble In Spain, Government Obliges “This plan, far from solving or alleviating the problem, is likely to make it a whole lot worse.” Spain’s second biggest bank, BBVA, just announced that it’s resurrecting the 100% mortgage, a high-risk loan instrument that notoriously helped fuel Spain’s madcap property boom. For […]

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Germany Approves Russia-Led Nord Stream 2 Gas Pipeline

Germany Approves Russia-Led Nord Stream 2 Gas Pipeline Germany approved on Tuesday the construction and operation of the Russia-led Nord Stream 2 gas pipeline in its territorial waters, thus issuing all necessary permits for the German section of the project that has torn Europe and EU member states over the implications of Russia’s gas giant […]

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Strange Things Happen to European Countries Resisting George Soros’ Assault

Strange Things Happen to European Countries Resisting George Soros’ Assault Strange things happen in East and Central Europe that get little mention from media outlets.  Two heads of state, the PMs of Slovenia and Slovakia, resigned almost simultaneously. Slovak Prime Minister Robert Fico was a victim of the scandal over the murder of Jan Kuciak, a journalist […]

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What happened to the West I was born in?!

What happened to the West I was born in?! Frankly, I am awed, amazed and even embarrassed.  I was born in Switzerland, lived most of my life there, I also visited most of Europe, and I lived in the USA for over 20 years.  Yet in my worst nightmares I could not have imagined the […]

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Will the Euro Survive by 2021?

Will the Euro Survive by 2021? The results of the Italian election is just starting to sink in. The rise of comedian Beppo Grillo to Italy’s most successful politician, who won 32.7% of the popular voted compared to Merkel winning 32.8% in the German election.  Following the election on March 4th, Grillo’s “five-star” party took […]

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Even the World’s Most Cashless Nation Doesn’t Want to Go Fully Cashless

Even the World’s Most Cashless Nation Doesn’t Want to Go Fully Cashless It’s too risky and systematically excludes the most vulnerable people. There are small but growing signs that Europe’s “War on Cash” is not going exactly according to plan. First, a number of central bankers began voicing concerns about its potential ramifications. Now, even […]

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John Butman: New World, Inc.

Photos.com/Jupiter Images John Butman: New World, Inc. From its start, resources have driven America’s fortunes We all learned in grade school that the Pilgrims sailed to North America to escape religious persecution. That’s wasn’t necessarily the case, explains author John Butman. At least, it certainly isn’t the whole story. In fact, the Pilgrim’s voyage to the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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