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Why Japan is Not Greece or EU For that Matter
Why Japan is Not Greece or EU For that Matter QUESTION: Hello Martin There are a few writers who speculate the the yen will be the first currency to fall (because Japan has been tied into QE and flat interest rates for decades already, and their manufacturing is suffering). How do you think the currency situation […]
SPIEGEL Interview with Greek Prime Minister Tsipras: ‘We Don’t Want to Go on Borrowing Forever’
SPIEGEL Interview with Greek Prime Minister Tsipras: ‘We Don’t Want to Go on Borrowing Forever’ Alex Tsipras seems almost inconspicuous as he stands in his enormous office in Athens’ Maximos Mansion, and very relaxed. Greece’s new, 43-year-old leftist prime minister, a thorn in the side of German leaders in Berlin, has a soft handshake. On the […]
Europe, The Morally Bankrupt Union
Europe, The Morally Bankrupt Union The European Union is busy accomplishing something truly extraordinary: it is fast becoming such a spectacular failure that people don’t even recognize it as one. People have no idea, they just think: this can’t possibly be true, and they continue with their day. They should think again. Because the Grand […]
Europe Blocks U.S. from Racing to War Against Russia
Europe Blocks U.S. from Racing to War Against Russia On Friday, 6 March, President Obama placed temporarily on ice his planned increase in weapons and soldiers to help the Ukrainian Government to ‘defend’ Ukraine against the ‘terrorists’ in Donbass, which is the Ukrainian region that had voted 90% for the President whom the Obama Administration overthrew in February 2014. (Here is where the […]
Greece Proposes To Become A Tax-Collecting Police State: Will “Wire” Tourists And Unleash Them As “Tax Inspectors”
Greece Proposes To Become A Tax-Collecting Police State: Will “Wire” Tourists And Unleash Them As “Tax Inspectors” There were three notable items in the follow up, 11-page letter sent by Yanis Varoufakis earlier today to the Eurogroup, and its president “Jeroen.” But first, by way of background, here is what happened as recapped by Reuters. Earlier […]
ECB Will Cut Rates To Minus 3%: JP Morgan
ECB Will Cut Rates To Minus 3%: JP Morgan A running theme here over the past several weeks has been that the ECB’s €1.1 trillion foray into quantitative easing will be severely hindered by a laundry list of constraints (some of which were unwittingly self-imposed). Another topic we’ve covered exhaustively is the idea that the world’s central […]
One Last Look At The Real Economy Before It Implodes – Part 1
One Last Look At The Real Economy Before It Implodes – Part 1 We are only two months into 2015, and it has already proven to be the most volatile year for the economic environment since 2008-2009. We have seen oil markets collapsing by about 50 percent in the span of a few months (just […]
As 1000s Mourn At Nemtsov’s Funeral, Seven Main Conspiracy Theories Emerge
As 1000s Mourn At Nemtsov’s Funeral, Seven Main Conspiracy Theories Emerge Tens of thousands marched Sunday through Central Moscow to honor Boris Nemtsov, outspoken opposition critic of Vladimir Putin who was murdered Friday night and thousands more mourned today at his funeral (though notably not Putin himself) and more pointedly, The BBC reports, several EU politicians and […]
The Real Ukraine Aggressor: IMF Burying Bankrupt Country In Debt To Fight Civil War
The Real Ukraine Aggressor: IMF Burying Bankrupt Country In Debt To Fight Civil War From Bloomberg News Ukraine risks losing support from IMF member countries for a proposed $17.5 billion bailout if the conflict in the former Soviet republic continues to escalate, according to two people familiar with the matter. The new four-year loan program […]
Briefing For A Descent Into Hell
Briefing For A Descent Into Hell Oh well, some are more equal than others. One day after Eurogroup head Dijsselbloem says France won’t get any more lenience … France Must Respect EU Budget Rules France must meet EU budget targets or risk damaging the bloc’s entire framework for policing countries’ spending plans, the head of […]
The post-1945 geopolitical settlement is now crumbling
The post-1945 geopolitical settlement is now crumbling “Stare into the abyss for long enough” wrote Nietzsche, “and it will stare back at you.” In 1945, Europe seemed caught in the abyss’s basilisk gaze. Tens of millions were dead; millions more were refugees. Cities were shattered; with them, economies. Many of the inhabitants of countries which […]
How Far Is It From Kiev To Athens?
How Far Is It From Kiev To Athens? Riddle me this, Batman. I don’t think I get it, and I definitely don’t get why nobody is asking any questions. The IMF and EU make a lot of noise – through the Eurogroup – about all the conditions Greece has to address to get even a […]
Financial War: US Wants to Trigger Wave of Russian Bankruptcies
Financial War: US Wants to Trigger Wave of Russian Bankruptcies [translated by Eric Zuesse, from German Economic News:] http://deutsche-wirtschafts-nachrichten.de/2015/02/23/finanz-krieg-usa-wollen-pleite-welle-von-russischen-unternehmen-ausloesen/ Financial War: US wants to trigger wave of Russian bankruptcies German Economic News | Published: 02/23/15 12:55 clock The US government insists on a tightening of sanctions against Russia, and demands that the EU follow suit. Washington now wants sanctions that will have […]
How Goes the War?
How Goes the War? Oh, you didn’t notice that World War Three is underway, actually has been for more than year? Well, that’s because most of it has been taking place in the banking sector, which for most people is just an alternative universe of math. The catch, which many people either miss or […]
Is The EU Finally Breaking Free Of Russia’s Energy Grip?
Is The EU Finally Breaking Free Of Russia’s Energy Grip? Gazprom’s dominance over European energy supplies may be beginning to slip. The collapse of oil prices has punished Gazprom’s revenues, but in a new development that is further damaging to the Russian state-owned company, the European Union is also beginning to shake itself of Russian […]
