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Mario Draghi: Charlatan Of The Apparatchiks
Mario Draghi: Charlatan Of The Apparatchiks Well, he finally launched “whatever it takes” and that marks an inflection point. Mario Draghi has just proved that the servile apparatchiks who run the world’s major central banks will stop at nothing to appease the truculent gamblers they have unleashed in the casino. And that means there will eventually be […]
Expanding Russia Issues Europe An Ultimatum
Expanding Russia Issues Europe An Ultimatum Don’t tell the West, but Vladimir Putin isn’t changing. The Russian President has skipped their little ‘lesson’ on 21st century politics in favor of his own, unadulterated, version. In what we’ve come to expect, Putin is set to formally absorb South Ossetia – Georgia’s breakaway republic – and Gazprom […]
American Exceptionalism and the Entitlement State
American Exceptionalism and the Entitlement State If social policy were medicine, and countries were the patients, the United States today would be a post-surgical charge under observation after an ambitious and previously untested transplant operation. Surgeons have grafted a foreign organ — the European welfare state — into the American body. The transplanted organ has thrived — in fact, it has […]
The Epochal Consequences Of Woodrow Wilson’s War
The Epochal Consequences Of Woodrow Wilson’s War Remarks by David Stockman To the Committee for the Republic, Washington DC January 21, 2015 My humble thesis tonight is that the entire 20th Century was a giant mistake. And that you can put the blame for this monumental error squarely on Thomas Woodrow Wilson——-a megalomaniacal madman who […]
Amnesty International urges Europe to come clean in CIA terror cooperation
Amnesty International urges Europe to come clean in CIA terror cooperation European governments are being urged by Amnesty to spill the beans over their alleged cooperation in terror operations with the CIA. The human rights organization wants the guilty to be brought to justice and the practice to stop. Amnesty is adamant that had it […]
China shares plunge, Europe eyes crunch ECB meeting
China shares plunge, Europe eyes crunch ECB meeting (Reuters) – Chinese shares chalked up their biggest one-day slide in nearly seven years on Monday after regulators there took steps to rein in speculative lending, while investors everywhere braced for what is shaping up to be a critical week in the euro zone. Expectations are high that the […]
What Will You Do When Government Tyranny And Terrorism Work Hand In Hand?
What Will You Do When Government Tyranny And Terrorism Work Hand In Hand? I was in the middle of working on an article covering real U.S. economic stats versus manipulated statistics when the Charlie Hebdo shootings took place. And though I knew the implications of the event would be far-reaching, I was originally undeterred from […]
Russia Cuts Off Ukraine Gas Supply To 6 European Countries
Russia Cuts Off Ukraine Gas Supply To 6 European Countries Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,”Gazprom cut gas […]
World Bank forecast causes markets to tumble
World Bank forecast causes markets to tumble Copper prices – seen as measure of global economy – fall along with shares, after growth prediction cut to 3% Copper prices fell and shares plummeted across Europe as markets reacted to the World Bank’s decision to cut its economic forecasts for this year and next. The price […]
Peculiarities of Russian National Character
Peculiarities of Russian National Character Recent events, such as the overthrow of the government in Ukraine, the secession of Crimea and its decision to join the Russian Federation, the subsequent military campaign against civilians in Eastern Ukraine, western sanctions against Russia, and, most recently, the attack on the ruble, have caused a certain phase transition […]
Deflation and the eurozone: why falling prices aren’t always good news
Deflation and the eurozone: why falling prices aren’t always good news As oil prices continue to fall, a strange phenomenon is making its presence felt across Europe: deflation. Familiar in Japan since the 1990s, consistently falling prices for the goods we buy are almost unheard of in Europe, not seen since the grim years of […]
The Stimulus Monkeys Are Screeching And The Central Banks Are Pushing On A String
The Stimulus Monkeys Are Screeching And The Central Banks Are Pushing On A String Have you been at the zoo when the monkeys start rattling their cages and screeching in unison? That about sums up the last 24 hours since the euro zone’s December CPI printed at negative 0.2% versus prior year. Within minutes of the release, brokerage […]
The re-emergence of crisis theory as Europe faces new calamity: Don Pittis
The re-emergence of crisis theory as Europe faces new calamity: Don Pittis To Canadian political economist Daniel Drache, Europe feels like it could be on the verge of a crisis. Yesterday’s violent killings at the Charlie Hebdo newspaper offices in Paris did nothing to change that feeling. “I think there’s lots of turmoil ahead,” said Drache, who […]
The Deflation Calamity Howlers Are Dead Wrong—-In Europe And Everywhere Else
The Deflation Calamity Howlers Are Dead Wrong—-In Europe And Everywhere Else The calamity howlers of deflation are out in force this morning owing to an absolute economic non sequitur. Namely, that year-on-year consumer prices in the EU came in at negative 0.2% in December, implying that ECB printing presses need to go into immediate overdrive. Well, of course the CPI […]
Crude oil falls to lowest price in five years
Crude oil falls to lowest price in five years Crude oil prices have fallen below $50 per barrel for the first time since 2009, hit by OPEC’s production stance, oversupply, weak demand and the strong dollar. European Brent oil dived to $49.81 a barrel on Wednesday, a 5-year-low. New York crude had already slumped under […]
