Torchbearer of the West

BERLIN/WASHINGTON (Own report) – In the run-up to the Munich Security Conference this weekend, leading German foreign policy experts are calling on the EU to reposition itself on the world stage, replacing the United States as the West’s “torchbearer.” Since Washington’s change of government, the United States no longer “qualifies as the symbol of the West’s political and moral leadership,” according to Wolfgang Ischinger, Chair of the Munich Security Conference. It is therefore up to Europe “to make up for this loss.” Chancellor Angela Merkel will hold a programmatic speech at this weekend’s conference, focusing on the future relationship between the EU and the USA. In anticipation of the looming power struggle, in the German capital, the EU is already being warned not to allow itself to be torn apart by outside rivals. Deputy Foreign Minister Michael Roth cautioned against “special deals” being made between individual EU countries and the new Trump administration. If there is sufficient coherence necessitating, for example, majority decisions in foreign policy, “we Europeans” could become an “impressive political and military power,” Ischinger cajoled. Continue reading

‘The EU will COLLAPSE’ Le Pen blasts Germany for using the euro as a ‘POLITICAL WEAPON’

For years already, Global Geopolitics has warned that Europe would swing to the right politically and socially. For years already, Global Geopolitics has warned about Germany’s Fourth Reich and how it dominates the European continent once again. We’re now see this come to fruition.

What’s next? In the short-term, a likely breakup of the EU and consolidation of those who toe the German line into a new power bloc, the United States of Europe.

 

Marine Le Pen has blasted Germany for championing the euro [GETTY]

 

MARINE Le Pen has called the euro a “political weapon” used by Germany – and that the moment France quits the bloc the shared currency will be the point of “collapse”.

The eurosceptic MEP has been outspoken in her criticism of the , claiming the currency has been used by Merkel as a way to manipulate other European nations and bring them to their knees for its own profit.

The Front National leader said: “The euro is a potent tool used by Germany to engage in permanent monetary dumping. Continue reading

Trump To Unveil “Passive-Aggressive” Currency War With China

Call it passive-aggressive currency war.

While one of Trump’s most sincere desires, both during his campaign, and ideologically from his life prior to politics, has been to publicly declare China a currency manipulator – something he promised he would do on day one of his administration – and crack down on the “undervalued” Yuan (even though over the past 18 months, China has been scrambling to prevent further devaluation of the Yuan in light of over $1 trillion in capital outflows in recent years), lately Trump appears to have gotten second thoughts, and after backing off on his intent to negotiate the “One China” policy, now Trump is looking for a way out of engaging China directly in currency war. Continue reading

Greece warned Troika they are Playing with Fire

 

Greek Prime Minister Alexis is finally getting some backbone thanks to BREXIT. He has now warned the IMF and the German Federal Minister of Finance Wolfgang Schäuble and Merkel along with the Troika, that they should no longer “play with the fire” in the Greek debt crisis. The Troika’s demands have been an all or nothing approach to subjugate Greece. They have pushed Greece beyond human endurance and the EU will pay the price. Continue reading

EURO COLLAPSE: Italy to QUIT EUROZONE in final nail of coffin for EU, warns top economist

As corrupt as Varoufakis is, he’s right that the German-led EU wants to crush its own member states. Its aim is to make vassal states out of them.

 

Yanis Varoufakis and Italy

Yanis Varoufakis has warned Italy is about to quit the union

 

ITALY could be set to pull out of the Eurozone in what would be the final nail in the European Union’s (EU) coffin, Greece’s former finance minister has warned.

Yanis Varoufakis said there was an “epidemic” among countries using the single currency, with Italy the next to fall foul of Brussels’ economic malaise.

He also said Brexit would “speed up” the break-down of the bloc – before making a dig at Jeremy Corbyn.  Continue reading

China Readies Itself for Global Trade War with U.S. and WTO

You see, when Beijing negotiated the terms that allowed China to accede to the WTO in 2001, the United States agreed to treat China as a “non-market economy” (NME) in antidumping cases.

At least for the next 15 years, after which China would then get a WTO status upgrade to “market economy.” Continue reading

China has cost US 3.4 million jobs, says think tank

A Chinese worker tests circuit boards at a factory in Sichuan province. Photo: AFP

 

Economic Policy Institute says the US-China trade relationship needs fundamental change to stop ‘unfair trade and illegal currency manipulation’

A lengthy report released last week by the Economic Policy Institute, a US think tank, lays bare the loss of American jobs to China, particularly in tech manufacturing. Continue reading

Transatlantic Trade War

BERLIN/WASHINGTON (Own report) – In the looming trade war between the EU and the USA, Brussels is threatening to officially denounce the United States as a “tax haven.” The EU Commission is currently preparing this affront to the world power, following Washington’s strong criticism of Germany’s excessive trade surplus. In the six years, from 2010 to 2015 alone, this surplus has led to an outflow of nearly a quarter trillion euros to Germany from the United States because of the “grossly undervalued” euro, according to Trump’s trade advisor Peter Navarro. This has been confirmed by the Bundesbank’s recent analysis, showing that through its monetary policy the European Central Bank (ECB) has contributed to the euro’s undervaluation, which in turn has facilitated record German exports and the large US deficit. The trade conflict is flanked by a propaganda offensive against the Trump administration, exploiting the new US president’s racist and chauvinist policies to designate him as an enemy. This conflict could lead to the first major power struggle between Germany and the United States since 1945. Continue reading

Iran Just Officially Ditched the Dollar in Major Blow to US: Here’s Why It Matters

It’s not oil that is America’s Achilles Heel, it’s the U.S. Dollar. It’s the global reserve currency and was given that status by trading the world’s lifeblood of economies: oil. Take away the Dollar in trading of oil and you can take down the entire house of cards, in this case the U.S. The last couple of times this move was made, Ghadafi and Saddam Hussein were killed.

People politicized and speculated it was over oil, but missed the mark. America has all the oil it could ever need in its own backyard but not always the support it needs to sustain its lifestyle via waning Dollar hegemony when nations are banding together.

 

 

(ANTIMEDIA) Following President Donald Trump’s ban on travelers from seven predominantly Muslim countries, the Iranian government announced it would stop using the U.S. dollar “as its currency of choice in its financial and foreign exchange reports,” the local Financial Tribune reported.

Iran governor Valiollah Seif’s central bank announced the decision in a television interview on January 29. The change will take effect on March 21, and it will impact all official financial and foreign exchange reports. Continue reading

The Alternative Fact of the Cashless Society

Why gold will benefit from the alternative fact of the cashless society

 

Why gold will benefit from the alternative fact of the cashless society

  • Alternative facts prevail in the European Commission’s calls for cash controls
  • Terrorism is blamed for the need to control cash
  • Evidence shows criminals find alternative ways to finance activities
  • Citizens continue to want and to use cash in day-to-day life
  • Cashless society is being used to force through other ‘agendas’
  • Gold and silver will be used as savers are forced to hold assets outside of the financial system

“Those who control the present, control the past and those who control the past control the future.”

George Orwell, 1984

Last week a new phrase was introduced into our lexicon by Trump Adviser Kellyanne Conway. When asked about why press secretary Sean Spicer had made statements that were (according to the press) unverifiable she said that he had used ‘alternative facts’. Continue reading

EU Declares USA is new Enemy

A “federalized Europe” as in the United States of Europe, all under German control.

 

 

The European Union’s chief BREXIT negotiator, Guy Verhofstadt, told Reuters that Donald Trump is part of a three-pronged attempt to undermine the European Union. His comments reflect just how deranged the EU politicians really are for they will accept no blame whatsoever for any of their own policies that are dictatorial in nature and have sought from the start to federalize Europe while denying that was their goal all along.

Verhofstadt told Reuters that the other two threats were radicalized Islam, which them themselves opened their own borders to accept with open-arms, and from Russian President Vladimir Putin, who just said that Europe should stay together. Putin even warned that the EU would not be a global player as is. Continue reading

UK and EU heading for economic cold war, says Italian foreign minister

‘Economic interests’ were hoping to take some of the City of London’s position away from the UK, said Giro. Photograph: Dan Kitwood/Getty

 

Mario Giro says coming ‘battle of interests’ could have terrible consequences for western world

A senior Italian official has warned that the UK and the European Union are heading into an “economic cold war” over Brexit that could wreak havoc on the west and weaken the continent.

Mario Giro, Italy’s deputy foreign minister, said that while many countries in the EU had said the UK’s vote to leave the EU represented a loss to the union, there were more hardliners in the EU against the UK than it appeared. Continue reading

Wanda Faces Hurdles in Closing Dick Clark Prods. Deal (EXCLUSIVE)

As an update from an earlier post, we see Donald Trump stepping in to save what little American industry remains.

For additional information on the Chinese invasion and infiltration of Hollywood, see the following previous posts:

Paramount Gets China Infusion: $1 Billion, 3-Year Slate Co-Financing Deal With Shanghai Film Group & Huahua Media

Chinese conglomerate to buy stake in Hollywood studio: reports

China Invading Hollywood

 

Sources close to the situation still expect Wanda to close the acquisition sometime in February, and say that the only speed bump has been that some details are still being worked out. With the Chinese New Year holiday beginning on Saturday, work is expected to be halted for at least the next week.

One person said that work on the deal also came to a standstill a few weeks ago, amid concerns that the nationalistic focus of the new Trump administration might mean greater scrutiny to big investments in the U.S. by Wanda, Alibaba and the new breed of Sino mega conglomerates. The Dick Clark Prods. transaction was only the most recent mega-acquisition for Wanda, which also bought Legendary Entertainment for $3.5 billion last year and AMC Theaters for $2.6 billion in 2012. Wanda’s buying spree has caught the attention of members of both parties in Congress, who worry that they could mark a strategic extension of Chinese “soft power.” Continue reading

‘The pound is IRRELEVANT’ German financial giant Deutsche Bank in shocking Sterling swipe

Deutsche Bank

Deutsche Bank branded the pound ‘irrelevant’ [GETTY•ALAMY]

 

Britain’s currency is permanently tarred after the UK voted to leave the European Union (EU), according to one of the bank’s foreign exchange strategists.

As a result, the pound is set to lose its prized status as a leading international safe haven currency, said Robin Winklertold. Continue reading

The Only Remaining Boom Sector

Germany will now control Greek infrastructure for 40 years, via a majority state-owned company. If anyone questions a resurgent Germany and its conquest of Europe again, they need to reassess and look at the hard evidence. It isn’t called the Fourth Reich here loosely.

BERLIN/ATHENS (Own report) – The German Fraport Company is preparing, under very strong protests from Greek trade unionists, to take over the operation and management of 14 of Greece’s airports. The concessions, which Fraport was awarded back in late 2015, will entrust the German company with the operational and management functioning of Greece’s most profitable regional airports – for a duration of 40 years. Annual profits are estimated to begin at 90 million Euros. The Greek state with retain 23 regional airports, including several that are in acute deficit, but must still be expensively maintained, as links between remote islands and the Greek mainland. One of the most powerful Greek oligarchs has a share not only in Fraport’s profits from the current takeover, but has for years been involved in operating the Pulkovo Airport in St. Petersburg. Fraport is one of the few German companies still investing in Greece. Many others are withdrawing from the country. The country’s crisis had led to a massive reduction in consumption, which does not permit attractive profits. The most important exception to this rule is the tourism sector, from which the Fraport airports can make profits in processing vacation flights. Continue reading