Be reasonable in response to the unreasonable: this is what voters in the Labour election are told. Accommodate, moderate, triangulate, for the alternative is to isolate yourself from reality. You might be inclined to agree….
Category: EU
In his interview with Bill O’Reilly, Republican presidential candidate Donald Trump ranted against Barack Obama’s foreign policy. Within his tirade, he proclaimed: “You can’t have everybody hating you. The whole world hates us. One of the…
Putin: Trade in rubles & yuan will weaken dollar’s influence (APEC 2014 Full Speech, Q&A) A VIDEO PRESENTATION: https://www.youtube.com/watch?v=hlyIuFJ9SVs Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar…
Destabilization of Africa, the Middle East and Asia prompts millions to flee There was yet another gruesome discovery of over 70 dead migrants in Austria on a highway between Budapest and Vienna where thousands are…
Celebrating Labor Day is poised for a fundamental transition. As the work force shrinks, the 21th Century version of the nature of employment is undergoing deep and primal changes. Some stats that are relevant point…
1. Karl Marx’s “The Jewish Problem” explains there is no social or political solution for one race on the planet claiming they are “the chosen people” of God, and they own “the promised space” which…
The Chinese are in the process of displacing the monopoly of the US dollar. They are dropping their US Treasury bonds, stockpiling gold reserves, and opening regional distribution banks for their own national currency. This will give them easier access to capital markets and insulate them from financial manipulation by Washington and Wall Street. Fearing the eclipsing of the US dollar and the Bretton Woods system by a rival financial architecture the US response has been an attempt to damage the Chinese markets and increase the value of China’s currency. China has responded through regulations in the market and then quantitative easing of its currency to maintain the low prices of Chinese manufactured goods and exports.
Europe is in free fall. Nobody can doubt that any more. In fact, the EU is simultaneously suffering from several severe problems and any one of these could potentially become catastrophic. Let’s look at them one by one. The 28 member EU makes no economic sense The most obvious problem for the EU is that it makes absolutely no economic sense. Initially, in the early 1950s, there was a small group of not too dissimilar nations which decided to integrate their economies. These were the so-called Inner Six who founded the European Community (EC): Belgium, France, West Germany, Italy, Luxembourg, and the Netherlands. In 1960 this “core group” was joined by seven more countries, the Outer Seven, who were unwilling to join the EC but wanted to join a European Free Trade Association (EFTA).
Many people are aware that U.S. President Franklin Delano Roosevelt skillfully lured Japan into attacking Pearl Harbor so as to get the American public to support joining England’s war against Adolf Hitler’s Nazis. Until the Pearl…
Economic Destabilization, Financial Meltdown and the Rigging of the Shanghai Stock Market? The dramatic collapse of the Shanghai stock exchange has been presented to public opinion as the result of a spontaneous “market mechanism”, triggered by weaknesses in China’s economy. The Western media consensus in chorus (WSJ, Bloomberg, Financial Times) portend that Chinese stocks tumbled due to “uncertainty” in response to recent data “suggesting a downturn in the world’s second-largest economy”. This interpretation is erroneous. It distorts the workings of stock markets which are the object of routine speculative operations. An engineered decline in the Dow Jones, for instance, can be precipitated in various ways: e.g. short selling, betting on the decline of the Dow Jones Industrial Average in the options market, etc. 1