A beleagured President François Hollande went on the offensive today calling for an “economic government” for the Eurozone and “political union” in Europe within two years.
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In a two hour press conference at the Elysee Palace, Mr Hollande announced a string of new initiatives including a four point plan for rapid progress towards a more federal Europe. Continue reading
Category Archives: Business & Economics
Hypocrisy and Capitalism
Fidel Castro once said, “I find capitalism repugnant. It is filthy, it is gross, it is alienating … because it causes war, hypocrisy and competition.” What is most curious in this quote is the apparent innocence with which a famous socialist dictator uses the term hypocrisy, as if the socialist alternative to capitalism were anything but hypocrisy. Socialist dictators often allege that economic freedom is slavery and then, through a socialist revolution, bring real slavery to an entire people. The socialist dictator says, “I am a liberator.” He blames the free market for poverty, and then he annihilates the free market in favor of near universal poverty. A politician like Castro, promising happiness and freedom, nonetheless delivers the exact opposite and has the nerve to say that capitalism is hypocritical.
Consider the old Soviet joke which asks, “Comrade, what is the definition of capitalism?” The answer comes back, “It is a system where man exploits man while socialism is the exact opposite.” The joke works nicely in all socialist countries. The socialist dictator blames the free market for the world’s problems. He assumes a dictatorship over the economy, over investment, over opportunity. It is a total dictatorship because the state takes total control. And what could be more “filthy” and “gross”? Continue reading
Chinese military unit said to resume cyber spying
The clandestine army unit, known as Unit 61398, “went quiet for a while — they changed the nature of their activities, they removed some of the tools that they had been using inside of different companies,” said Richard Bejtlich of Mandiant, which specializes in defending companies from cyber attacks and purging malware from computer networks that have been breached. Continue reading
EU: Bonino urges ‘United States of Europe
(ANSAmed) – Rome, May 15 – Italy’s foreign minister Emma Bonino has called for a ‘United States of Europe’.
“I am a confirmed federalist and so is this government,” Bonino said on Wednesday.
“Our objective remains the United States of Europe” and “a system that guarantees major results and also savings in the area of defence, research, major infrastructure and obviously foreign policy”. Continue reading
France and Germany: A tale of two countries drifting apart
A political, economic and demographic divide has opened up between France and Germany. And, if that were not trouble enough, a new Pew Research Center survey suggests that these two countries, which have for decades been the driving force behind European integration, increasingly see the world through different lenses.
The Franco-German alliance was based on rough equality between these two continental powers. In the 1980s, West Germany’s economy and population were slightly larger than France’s, but not overwhelmingly so, and French economic growth actually exceeded its neighbour’s. Continue reading
Europe’s Unemployed: An Army Waiting for a Leader
As Europe edges toward mass anarchy and chaos, the Catholic Church is emerging as the key mediator between Europeans and their leaders.
Europe’s unemployment crisis is one everyone knows about, but no one is thinking seriously about. Continue reading
Euro Rises as Sweden Threatens to Join Currency Wars
In case anyone didn’t catch last week’s currency news:
The so-called currency wars progressed further in today’s session, as two new countries jumped on the bandwagon of selling or threatening to sell its own currency to unwind recent strength.
Overnight, RBNZ Governor Wheeler announced that the central bank had already once intervened in Forex markets to bring down the price of the New Zealand Dollar. During European trading hours, Swedish Finance Minister Borg said the Krona’s strength may become an issue for the country’s central bank. Continue reading
It Doesn’t Fit the Narrative, Part Two
Most know who George Soros is, but perhaps not as much as they’d like to believe. More well-sourced and factual information about Soros can be found here – more than you could ever ask for, or want to know.
The intelligence community that we know no longer exists, as it has been infiltrated long ago and is redirecting its agenda.
Last October we explained how the Benghazi incident highlighted the very sad politicization of the Intelligence reporting of the United States. Not at the functional level, but at various points in the political leadership. Click the link below and read the post in light of this week’s revelations:
It Doesn’t Fit the Narrative
To be fair, there were cases of politicization of defense and intelligence matters in the Bush years as well, with the media questioning whether or not there really were WMDs in Iraq and the whole Valerie Plame situation to name a couple of incidents.
In our case, we have first-hand evidence of a problem in this regard. We were repeatedly told that “no one wants to go there” and that “it doesn’t fit the narrative” when we presented credible evidence of financial market manipulation that took place in 2008 and threats of worse going forward. In private meetings with Intelligence Officials, some privately acknowledged that “the narrative” prevented a thorough review of what took place in the financial crash. They said it was “in the past” and no one wanted to look back. Of course, this is from the same Administration that said last September’s Benghazi tragedy was “a long time ago.” Continue reading
Roll Back China’s Influence
NAYPYIDAW/BERLIN (Own report) – The German Foreign Ministry is strengthening Berlin’s anti-China position in Southeast Asia, through a new training program for employees of several of Myanmar’s ministries. If one seeks to “roll back” the influence of the People’s Republic of China, Myanmar is “a very interesting partner,” affirmed a specialist on Southeast Asia at the German Institute for International and Security Affairs (SWP) in Berlin. The German government is expanding cooperation with that country accordingly, and in addition to broadening cooperation on political projects, seeks particularly to enhance its economic influence. The EU recently lifted the economic sanctions imposed on Myanmar due also to German pressure. The German Ministry of the Economy is supporting new business deals. Critics’ indications that the economic opening of the country serves western enterprises and the local elite in the entourage of its military rulers, have as little effect as the human rights organizations’ protests, accusing the government in Naypyidaw of tolerating pogroms against the Muslim minority. They have been demanding – to no avail – that the EU take appropriate measures. Continue reading
Billion dollar bet on rate cut pays off
From the man that nearly broke Britain:
It may go down as one of the great currency bets in Australian dollar history – a $US1 billion gamble on a Reserve Bank rate cut that has delivered a $US19 million ($18.65m) profit in 36 hours.
The beneficiary, if you believe the rumour mill, is investment legend George Soros.
Best of all, it appears the 82-year-old American pulled off the deal three times, all with different foreign exchange brokers in Asia, for a tidy profit of almost $US60 million. Continue reading
BREAKING: European Commission to criminalize nearly all seeds and plants not registered with government
As oft heard, Socialism is only a bridge to Communism. Today’s modern ’Troika‘ attempting to grab full control over what Europeans can grow in their own backyards illustrates the direction it’s going as the cycle of history repeats itself. Given the fact Cyprus and Greece (Italy/Spain/France next) can be subjugated by today’s Fourth Reich (Germany) running the EU via economic warfare through the Troika, one shouldn’t be surprised if they have enough leverage to pull this one off — especially since sovereign nations haven’t shown any backbone whatsoever in saying enough is enough.
(NaturalNews) A new law proposed by the European Commission would make it illegal to “grow, reproduce or trade” any vegetable seeds that have not been “tested, approved and accepted” by a new EU bureaucracy named the “EU Plant Variety Agency.”
It’s called the Plant Reproductive Material Law, and it attempts to put the government in charge of virtually all plants and seeds. Home gardeners who grow their own plants from non-regulated seeds would be considered criminals under this law. Continue reading
German euro founder calls for ‘catastrophic’ currency to be broken up
Oskar Lafontaine, the German finance minister who launched the euro, has called
for a break-up of the single currency to let southern Europe recover, warning
that the current course is “leading to disaster”.“The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt,” he said.
“The Germans have not yet realised that southern Europe, including France, will be forced by their current misery to fight back against German hegemony sooner or later,” he said, blaming much of the crisis on Germany’s wage squeeze to gain export share. Continue reading