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Ukraine Enters The Endgame
Ukraine Enters The Endgame Back in March 2014 we forecast that it in the aftermath of the US State Department-sponsored military coup in Kiev, it was only a matter of time before Ukraine (all of its sovereign gold having since “vaporized“) succumbed to full blown hyperinflation and economic implosion. Less than a year later, precisely this outcome has […]
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 […]
Interventionism Kills: Post-Coup Ukraine One Year Later
Interventionism Kills: Post-Coup Ukraine One Year Later It was one year ago last weekend that a violent coup overthrew the legally elected government of Ukraine. That coup was not only supported by US and EU governments — much of it was actually planned by them. Looking back at the events that led to the overthrow […]
Throw Your Grandma Under The Bus
Throw Your Grandma Under The Bus Before we get news in a few hours on the new proposals Greece is required to hand to its slavemasters today, Monday Feb 23, it seems relevant to point out one more time that what is happening to Greece is the result of political, not economic, decisions and points […]
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 […]
Russia deploying next-gen Nebo-M radar complexes to counter NATO threat
Russia deploying next-gen Nebo-M radar complexes to counter NATO threat Russia has begun deploying the next generation of Nebo-M anti-missile radar facility systems as part of a responsive measure to a threat stemming from NATO anti-ballistic missile systems in Eastern Europe. “The mobile multi-range programmable Nebo-M complex is capable of performing the tasks of providing […]
What will Germany pay for not compromising with Greece?
What will Germany pay for not compromising with Greece? You could argue that the very public nature of the disagreement between Germany and Greece, over the terms of the latest attempt by Greece to avoid financial collapse, is good for the reputation of the eurozone. In that at least colossal sums of taxpayer’s money aren’t […]
Greek Deposit Run Accelerates Ahead Of Monday’s Bank Holiday
Greek Deposit Run Accelerates Ahead Of Monday’s Bank Holiday Official Greek deposit data began tumbling in December (outflows around EUR3bn), and accelerated in January in the run up to the Syriza election (proxied by JPMorgan at over EUR 12bn). During the last two weeks, however, the absence of ATM lines and visible bank runs has been […]
How Germany Is Blowing Up The European Union
How Germany Is Blowing Up The European Union As Germany is set to reject a Greek loan extension request (and no, international press, that is not the same as an extension of the bailout program), Steve Keen uses proprietary numbers issued by the OECD – which is supposed to be on Germany’s side?! – to […]
Game theory and the king’s new clothes
Game theory and the king’s new clothes I’ll admit to being a bit obsessed with Syriza and the Eurozone at the moment (here and here): it is by some way the most interesting development at the moment in both politics and economics. And I’m also interested in the idea that Yanis Varoufakis’ background teaching game theory might have […]
The Catastrophic Costs of Extend-and-Pretend Are About to Crush Europe
The Catastrophic Costs of Extend-and-Pretend Are About to Crush Europe Like a star which has expanded and now cannot maintain its grand state, Europe’s extend-and-pretend economy is now poised to experience a supernova implosion. The costs of ill-conceived policies are always paid by someone–usually those with the least political power. In ill-conceived wars, the costs are […]
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 […]
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 […]
Great War of the American Empire or Great War II
Great War of the American Empire or Great War II Looking at a map of current American military engagements overseas, one cannot help but notice their wide geographical spread and their seemingly interminable nature. Battles have raged in Europe (Yugoslavia and Ukraine), in Africa, in the Middle East, and in central Asia. The American Empire […]
Turkey becomes second-biggest Russian gas importer in 2014, Germany keeps leading position
Turkey becomes second-biggest Russian gas importer in 2014, Germany keeps leading position Gazprom’s exports to Italy ammount to 21.6 billion cubic meters which makes it the third-biggest importer MOSCOW, February 13. /TASS/. Russian Gazprom increased gas exports to Turkey by 2.3% in 2014 compared with the previous year, while cutting supplies to its two biggest […]
