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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 […]

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50 Shades of Greece

50 Shades of Greece When it comes to the ongoing Greek question, I see a lot of people eagerly jump to conclusions, after the ‘debt deal’, that I don’t think are justified; certainly not yet. The overall conviction in the press seems to be that Syriza has given in on just about all fronts, and […]

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YANIS VAROUFAKIS: THE STRAW THAT BREAKS THE PONZI’S BACK?

YANIS VAROUFAKIS: THE STRAW THAT BREAKS THE PONZI’S BACK? What do you do when your opponent won’t play by the rules? Worse, what do you do when your loan ‘partner’ (aka ‘debtor’) declares Calvinball, where the only rule is there are no rules, and proceeds to go off the deep end? The result, to put it […]

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Memo To Obama: Butt Out Of The Greek Crisis—-You’ve Dispensed Enough Keynesian Poison At Home

Memo To Obama: Butt Out Of The Greek Crisis—-You’ve Dispensed Enough Keynesian Poison At Home At the moment, Europe is struggling to pass an inflamed financial gallstone. The sooner that Greece is permitted to escape the debt clogged financial ducts fashioned by its Brussels paymasters, the sooner the entirety of Europe can begin the cure of […]

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Athens vs. Brussels: Greece Inches Closer to Renewal of Debt Crisis

Athens vs. Brussels: Greece Inches Closer to Renewal of Debt Crisis The new government in Athens is intent on forcing Europe to change its approach to Greek debt — thus far in vain. A confrontation is brewing, and both sides stand to lose. After new Greek Finance Minister Giannis Varoufakis had been repeatedly rebuffed on his […]

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Could Turkey Become the New Ukraine?

Could Turkey Become the New Ukraine? The deepening crisis in Ukraine is boosting Turkey’s decade-long efforts to establish itself as the lynchpin in energy flows from eastern providers to European customers. On February 8, Turkish Energy Minister Taner Y?ld?z and Gazprom Chief Executive Officer Alexei Miller surveyed possible routes for the so-called “Turkish Stream” gas […]

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Athens vs. Brussels: Greece Inches Closer to Renewal of Debt Crisis

Athens vs. Brussels: Greece Inches Closer to Renewal of Debt Crisis After new Greek Finance Minister Giannis Varoufakis had been repeatedly rebuffed on his introductory tour of European capitals, he opted for flattery and solicitation during his visit to Berlin last week. German Finance Minister Wolfgang Schäuble, Varoufakis said, had been an object of his admiration […]

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The Euro’s Exponential Decay

The Euro’s Exponential Decay I don’t know about you, but I’m having a ball reading up on the preparations for the Wednesday/Thursday talks between Greece and .. well, everybody else. German FinMin Schäuble proudly declares that it’s do what I tell you or you’re finished, Greek FinMin Varoufakis says prepare for a clash. Greek advisors […]

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Europe’s Greek Showdown: The Sum Of All Statist Errors

Europe’s Greek Showdown: The Sum Of All Statist Errors The politicians of Europe are plunging into a form of ideological fratricide as they battle over Greece. And “fratricide” is precisely the right descriptor because in this battle there are no white hats or black hits—-just statists. Accordingly, all the combatants—the German, Greek and other national politicians and the apparatchiks […]

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30,000 troops, 6 rapid units: NATO increases military power in Eastern Europe

30,000 troops, 6 rapid units: NATO increases military power in Eastern Europe The NATO Response Force in Europe might increase to 30,000 troops, more than double the current 13,000, said the alliance’s secretary general after a defense ministers’ meeting in Brussels. Most of the troops are set to be stationed near Russia’s borders. NATO’s rapid […]

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Have A Little Faith In Blotto

Have A Little Faith In Blotto What, Greece again? Sorry!! But I see a lot of things flash by that make me want to say something. Today it’s the alleged 180 that Syriza made on debt reduction, before that it was their alleged kow-towing to Brussels on Russia sanctions, and tomorrow it’ll be something else […]

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History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro

History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The Euro Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with fraught circumstances and stark choices. February 2015 is one such moment. For its part, Greece stands at a fork in the road. Syriza can […]

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It’s Greece vs Wall Street

It’s Greece vs Wall Street On the one hand, I’ve written so much about Greece lately I fear I’m reaching overkill. On the other hand, there’s so much going on with Greece, and so fast, that I wouldn’t know here to begin. Moreover, I’m thinking and trying to figure what is what and what is […]

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EU austerity faces rising public anger

EU austerity faces rising public anger Brussels, Belgium – Outside the European Commission in Brussels late last month dozens of horn-blowing tractors from Belgium rolled ominously down roads usually reserved for the limousines belonging to this continent’s powerful politicians. Accompanied by throngs of demonstrators and surrounded by smoking hay stacks and burning effigies of leaders such […]

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Another Keynesian Debt Boondoggle: How Brussels Plans To Turn Zero New Cash Into A $400B Stimulus | David Stockman’s Contra Corner

Another Keynesian Debt Boondoggle: How Brussels Plans To Turn Zero New Cash Into A $400B Stimulus | David Stockman’s Contra Corner. The desperation and fraud of the Keynesian policy apparatus gets more stunning by the day. Apparently, the pettifoggers in Brussels will soon be announcing a new $400 billion bazooka to blast the euro-economy out of its […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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