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Oil Likely To Hit $200: SEB Group
Oil Likely To Hit $200: SEB Group Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief commodities analyst at Swedish bank SEB Group. Bjarne Schieldrop, SEB analyst, said on Wednesday in no uncertain terms that the G7’s price capping proposal […]
Kremlin Threatens To Halt Supplies As G7 Ministers Reject “Unacceptable” Demand To Pay For Gas In Rubles
Kremlin Threatens To Halt Supplies As G7 Ministers Reject “Unacceptable” Demand To Pay For Gas In Rubles Update(9:01ET): Russia on Monday has issued a firm and unyielding response to G-7 ministers who had dismissed as “unacceptable” its plan to only accept ruble payments for Russian gas going to “unfriendly” nations. Earlier Monday German Economy Minister Robert Habeck […]
G-7 Warns Russia of ‘Massive Consequences’ of Ukraine Incursion
Britain’s Foreign Secretary Liz Truss speaks at a press conference at the G-7 Foreign Ministers meeting in Liverpool, England, on Dec. 12, 2021. (Jon Super/AP Photo) G-7 Warns Russia of ‘Massive Consequences’ of Ukraine Incursion The Group of Seven (G-7) major industrialized countries warned Russia on Dec. 12 that any invasion of Ukraine would have “massive consequences” and would […]
Craig Murray: The Decline of Western Power
Craig Murray: The Decline of Western Power The really interesting thing about the G7 summit is that it wasn’t interesting. Nobody expected it to change the world, and it won’t. U.K. Prime Minister Boris Johnson and other leaders of the G7 watch the Red Arrows fly over in Carbis Bay, June 12. (Simon Dawson, No […]
From the Notebook: Killing All the Birds With One Pile of Gold
From the Notebook: Killing All the Birds With One Pile of Gold French President Emmanuel Macron, whose poll numbers are abysmal and needs a sincere shot in the arm, just gave away the plot with his outside voice. I’ve noticed this trend within The Davos Crowd in recent months, speaking with their outside voice what they only […]
The Twilight of the Global Order
The Twilight of the Global Order The recent G7 summit in Biarritz signaled a broader shift in international governance away from constructive cooperation and toward vague discussions and ad hoc solutions. The conclusion of the summit could be a marker of the world order’s future – ending not with a bang, but with a whimper. […]
New World Order in Meltdown, But Russia Stronger Than Ever
New World Order in Meltdown, But Russia Stronger Than Ever Last week was full of portentous events. Only somebody who has not been awake for the last few years will fail to realize how these at first sight unconnected events are part of the same matrix. There was the ever louder talk in mainstream media […]
The G-7 Blues
The G-7 Blues What’s at stake in all these international confabs like the G-7 are the tenuous supply lines that keep the global game going. The critical ones deliver oil around the world. China imports about 10 million barrels a day to keep its operations going. It produces less than 4 million barrels a day. […]
Global Central Banks “Are Trapped By Their Own Inflation Targets”
Global Central Banks “Are Trapped By Their Own Inflation Targets” Negative Rates Would Lead To #Chaos Central bankers attending the G-7 meeting are sounding remarkably coordinated in their message. The global economy is growing but inflation isn’t. And that, along with the oft-cited global headwinds, means they’re ready and able to add more liquidity to the system. […]
Whose Trade War Is It Anyway?
Whose Trade War Is It Anyway? Everybody complains about Trump, but he wasn’t the one who started it German Chancellor Angela Merkel speaks to President Donald Trump in front of other world leaders in Charlevoix, Canada, at the G-7 summit on June 9, 2018. The mainstream media and world leaders are blaming Trump for starting […]
When Trump Met Fibonacci. And Won.
When Trump Met Fibonacci. And Won. Edourd Manet A Bar at the Folies-Bergère 1882Something curious happened during the Trump love fest at the G7 over the weekend. And I don’t think many people would have got it. In fact the entire western press, far as I could see, were blaming Trump for the dissolution of […]
Trump Skipping G7 Meeting on Climate, Clean Energy, Oceans
Trump Skipping G7 Meeting on Climate, Clean Energy, Oceans President Donald Trump headed for the Group of Seven (G7) summit in Canada on Friday but will be leaving before Saturday’s meeting on climate change, clean energy and oceans. The White House said an aide will take Trump’s place, CNN reported. The announcement of his early departure comes amid a brewing war on tariffs. […]
Trump Says Russia Should Be Back In The G7; Italy Backs Trump
Trump Says Russia Should Be Back In The G7; Italy Backs Trump Update: and just like that, G6+1 became G5+2 ITALY PREMIER CONTE BACKS TRUMP ON RUSSIA’S G-8 READMISSION CONTE: RUSSIA’S G8 READMISSION WOULD BE IN EVERYBODY’S INTEREST And when Germany and France, which have already been making moves to get back in Putin’s good […]
Trump Lashes Out At Macron, Trudeau Ahead Of “G6+1” Summit
Trump Lashes Out At Macron, Trudeau Ahead Of “G6+1” Summit Tomorrow’s G7, or rather G6+1 meeting, is shaping up to be one for the ages. As we reported previously, chancellor Merkel already was setting the ground for the Toronto showdown among the world’s top political leaders, vowing to challenge Donald Trump on virtually every issue, […]
“The World Is On Fire”: Merkel Warns Of Unprecedented Disasgreement At G7 Summit
“The World Is On Fire”: Merkel Warns Of Unprecedented Disasgreement At G7 Summit Following last weekend’s G-7 meeting for the world’s most important finance ministers and central bankers in Whistler, Canada, at which the US was introduced as a “+1” to the G-6, and whose positioned was “condemned” by the rest of the Developed World, […]
