The EU’s Arrogance


BERLIN/LONDON(Own report) – With nearly double-digit billions in losses, the German business community would be the main loser of a “hard Brexit” among the remaining EU members, according to a recent analysis on the upcoming Brexit. The EU27 would thus face greater losses than the UK, should Brexit not be followed up with a comprehensive trade and tariff agreement. German companies must expect annual losses of around nine billion euros. The German automotive industry most likely will be the hardest hit. At the moment, a “hard Brexit” seems more likely, because Brussels refuses to include in a post-Brexit trade agreement not only the protection of EU interests but also access to UK financial services. Due to the EU’s obstructionist policy, public opinion is growing increasingly sour toward Brussels. Even British Brexit opponents are lamenting the “EU’s arrogance” and warning that “a Britain that feels humiliated by the EU could be an uncomfortable neighbor.”

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Lega’s Salvini: Euro is wrong currency, we are working on Plan B



The Leader of Italy’s Eurosceptic, anti-mass migration Lega party has hit out at the Euro single currency once more, insisting that a government he led would ignore EU rules on it. Continue reading

Pan-European bank to Enrage Italy Germany & France: Nations FORCED to rescue failing banks

Eu banking union

The EU commission wants to plough ahead with plans for a banking nion [Getty]


BRUSSELS chiefs are piling pressure on EU members to back plans for a banking union, which will see nations forced to cover bank failures anywhere in the bloc, as it ramps up efforts to reform the Union.

The European Commission wants to plough ahead with the creation of a bloc-wide banking union, which was first proposed in 2012 by the end of 2018, in a bid to prevent a repeat of the 2008/09 financial crisis. Continue reading

China Reveals Largest Defense Budget In Three Years


China’s government has been relatively vocal in transforming itself into a serious threat against the West — by modernizing its military in anticipation of future wars with Washington. It it therefore not surprising when the official Xinhua news agency reports that China will increase its defense budget by 8.1 percent in 2018, up marginally from last year’s 7 percent.

China has undoubtedly given America’s military-industrial complex and clueless politicians in Washington a stern message, by increasing its defense budget to the highest levels in more than three years, even as the country insists it does not mean harm. Continue reading

Europe Renews Tariffs On Chinese Steel Pipes As High As 72%

As the world watches breathlessly if Trump will follow through with his threat to slap steel and aluminum import tariffs, Europe continues to quietly ratchet up its own trade war with China and nobody seems to mind. Continue reading

How Governments and Banks Track Your Every Move


It sounds like a bad science fiction movie.

Somewhere, in the near future, all citizens will be stamped with unique 12-digit numbers.

The numbers, assigned by the government and major financial powers, are for the sole purpose of tracking the citizens like bar-coded products.

Throughout their lives, new information is entered into a universal database that hooks into these numbers – giving the ruling class new information that is used to judge each individual person’s merits. Continue reading

China’s Holdings of U.S. Debt Down 10%


( – Chinese holdings of U.S. Treasury securities are 10.0 percent below their peak level which was attained in November 2013, according to data published by the U.S. Treasury.

U.S. government debt held by entities in the People’s Republic of China peaked at $1,316,700,000,000 in November 2013, according to the Treasury. Continue reading

Now, a Trade War — Is a Shooting War Next?



A popular thesis since the 1930s is that a natural progression exists from currency wars to trade wars to shooting wars. Both history and analysis support this thesis.

Currency wars do not exist all the time; they arise under certain conditions and persist until there is either systemic reform or systemic collapse. The conditions that give rise to currency wars are too much debt and too little growth.

In those circumstances, countries try to steal growth from trading partners by cheapening their currencies to promote exports and create export-related jobs. Continue reading

The Secret Force Behind Today’s Rigged Markets


Markets were up again big today and volatility was down. But we haven’t seen the last of rising volatility, nor of the central banks’ attempts to thwart it.

This week, new Fed Chair Jerome Powell will be giving his first congressional testimony, and you can be sure that markets are waiting on his words with bated breath.

Before his testimony, the Fed will be releasing its Monetary Policy Report, which will also give an indication to the direction of Fed policy. Continue reading

Merkel mauled by AfD Leader, told not to punish Brexit Britain


Angela Merkel has been put back into her box in a big way by the leader of Germany’s second most popular party, the AfD.

Alice Weidel slammed Merkel’s approach to Brexit, saying Germany shouldn’t be punishing Brexit Britain, saying the EU is afraid other countries will leave now they’ve seen Project Fear predictions were wrong. Continue reading

What is really scarce in a water drought

A communal tap runs as people collect water in an informal settlement near Cape Town, South Africa, Jan. 23. While the city urges people to restrict water usage, many living in poor areas already have limited access to water, and the day that the city runs out of water, ominously known as \”Day Zero,\” moves ever closer for the nearly 4 million residents. (AP Photo)


Earlier this year, the South African city of Cape Town was told that it would make history by April 16. On that date, dubbed Day Zero, it was expected to become the world’s first major city to run out of water because of an extended drought. More than 1 million households would face extreme rationing or no water at all as reservoirs went dry.

But then something happened. The date was pushed back to June 4. And this week, Day Zero was set for July 9. Continue reading

Turkey Will Be Ground Zero in the Next Global Debt Crisis



Turkey is a beautiful country with a rich history including Greek, Roman and Muslim influences that make it one of the most fascinating places on Earth. It is literally a bridge between East and West: The mile-long Bosporus Bridge just north of Istanbul connects Europe and Asia across the Bosporus Strait.

Turkey has been a magnet for direct foreign investment from abroad and dollar-denominated loans by international banks to local enterprises. This investment enthusiasm is understandable given Turkey’s well-educated population of 83 million and its rank as the 17th-largest economy in the world, with a GDP of just under $1 trillion. Continue reading

India To Build Major Overseas Military Base Off Africa To Combat China


India is preparing to construct a significant overseas military base on an island in Seychelles, an archipelago of 115 islands in the Indian Ocean, off East Africa to counter growing Chinese influence in the Indian Ocean.

Last month, Seychelles and India signed a twenty-year agreement, permitting the Indian military to build an airbase and naval installations on Assumption Island, a small island in the Outer Islands of Seychelles north of Madagascar, said Seychelles News Agency. Continue reading

China Has Bought Brunei’s Silence in South China Sea Dispute


China’s takeover of the strategic South China Sea region is ‘steering the world toward war.’

In discussions about the South China Sea dispute, we often hear about China claiming nearly the entire resource-rich, strategic region. And we also often hear about rival claimants—nations such as Vietnam, Malaysia and the Philippines—who dispute China’s claims. International law says these smaller nations rightfully own the portions of the sea along their coasts, so they often cry foul of Beijing’s claims to their territory. Continue reading

EU ignites Trump War: Brussels to slap trade sanctions on Harleys and Jack Daniels

Jack Daniels whiskey/Harley-Davidson mototrbike

Iconic US brands such as Jack Daniels and Harley-Davidson will be targeted by EU trade commissioners [Getty]


BRUSSELS is gearing up for a bitter trade war with US and has pledged to fight fire with fire if Washington carries out its threat to introduce import barriers to steel and aluminium products from Europe.

European Union trade officials have warned such a move would result in counter-tarrifs being slapped on exports from the US within days.

They said iconic US products ranging from Harley-Davidson motorcycles to Jack Daniels whiskey would be targeted in any retaliatory strikes and that preparations for such a confrontation were in full swing. Continue reading