Diplomatic relations between the UK and EU are fast approaching zero degrees Kelvin.
One day after Theresa May not only cemented, but allowed herself Brexit negotiating breathing room with her stunning, yet cunning decision to announce snap elections which would only boost the leverage of her party, Brussles has retaliated and as the FT reports, Brussels is starting to “systematically shut out British groups from multibillion-euro contracts” while urging companies to migrate to one of the 27 remaining EU members.
With the Geert Wilders loss in the Netherlands, we saw the nationalist movement hit the brakes. If Le Pen loses the election in France, everything will be reversed and the German-dominated EU will continue it’s forced integration of member nations, further subjugation and removal of national sovereignty across the board.
France’s most popular politician believes the ‘German Empire is back’—and that it must be confronted.
France now has two leading presidential candidates that view the European Union as a German empire and want it destroyed. Between them, they have the support of over 40 percent of the voters.
The far right’s Marine Le Pen is tied with the moderate Emmanuel Macron for first place, holding 24 percent of the vote, according to an Ipsos poll. But speeding into third place with 18.5 percent is the far-left Jean-Luc Mélenchon.
With the first round of the election scheduled for April 23, Mélenchon received a major boost after a strong debate performance on April 4. Another poll found Mélenchon was France’s most popular politician, with 68 percent saying they had a favorable opinion of him. Continue reading
It is becoming easier to imagine the coming post-American financial order.
At Bretton Woods in 1944, the world’s major powers settled on a new financial system. That system of world finance was dominated by America. When the system fell apart in 1971, countries switched to floating exchange rates, but the U.S. dollar remained the reserve currency. But today, in the post-global-financial-crisis world, Russia and China are finding new ways to avoid using the dollar. Continue reading
OPEC, which has far exceeded the average life of cartels, is on the brink of failure. Though cracks have been developing in the cartel since the start of the current oil crisis, the group has managed to stay together so far. Nevertheless, the success of the current OPEC deal for production cuts will decide its future as a cartel.
What is a cartel?
A cartel is a group of like-minded producers, who act in concert—or collusion—to achieve a shared goal of increasing their profits by means of restricting supply, fixing prices, or destroying their competition by illegal means. The average life of the 20th Century cartels has been 3.7 to 7.5 years, according to various studies by Margaret Levenstein and Valerie Suslow. In the past two centuries, cartels have been able to influence prices by an average of 25 percent. Continue reading
As previously discussed a few times, bitter over Brexit, the EU will now find ways to punish Great Britain and gun for Gibraltar and even the Falkland Islands. In regards to Gibralter, it will go on the offensive and support a separation, whereas with the Falkland Islands it will turn a blind eye.
Britain has said Spain can have no new powers over Gibraltar, as Brexit prompts hard talk on sovereignty, security, and borders.
“We will never enter into arrangements under which the people of Gibraltar would pass under the sovereignty of another state against their freely and democratically expressed wishes”, the British prime minister’s office said in a statement on Sunday (2 April).
The British defence minister, foreign minister, and the chief minister of Gibraltar issued similar comments in a debate prompted by the start of Brexit talks last week. Continue reading
Yemen’s strategic Red Sea port, through which some 4 million barrels of oil flow daily to Middle Eastern markets, is becoming a focal point in the proxy war between Saudi Arabia and Iran, and China is the only power with the economic deal-making leverage to keep this from becoming much more than a proxy battle.
The Red Sea port, near the Bab al-Mandab strait, is currently controlled by Yemen’s Shi’ite Houthis, and whoever maintains control of it has a strategic advantage. This port is a pathway connection the Middle East (where the world’s largest proven oil reserves are) and Sub-Saharan Africa (a region expected to see a four-fold increase in energy demand by 2040), making it a coveted geopolitical prize for regional powers, but a livelihood-destroying burden for Yemen’s residents. Continue reading
One of the EU’s unelected Commissioners, Vera Jourova, has warned that countries within the EU such as Poland who do not do as they are told may be stripped of funding moving forward.
EU countries are considering three main variants of answering possible changes in the US trade policy.
Active discussions on how to react to plans of US President Donald Trump to introduce a 20 percent duty on imported goods in the US are held in EU countries, the German Süddeutsche Zeitung newspaper reported.
First of all, EU states themselves could subsidize their enterprises in order to save the companies from additional costs for new duties. In addition, companies would manage to remain competitive. However, this variant would hit the budget of European countries. Continue reading
Although the source is state-owned, it’s important to note they’re positioned:
The myth that is propelling the Trump Manchurian candidate conspiracy theory is that Putin desperately needs sanctions removed, and therefore has installed a puppet in the White House to do away with them.
Here is Russian Prime Minister Dmitry Medvedev, explaining why Russia is not looking for “mercy” from the West: (See above video) Continue reading
America’s new protectionism is forcing Latin America to seek new partners.
America’s influence in Latin America is decreasing, while the influence of other world powers in the region is growing. If it continues, this trend could destroy America.
Dominance of the Caribbean basin is integral to America’s safety and essential to its ability to project power globally. If a rival power were able to establish a significant presence in the Caribbean, it could threaten the American heartland. The Caribbean is also key to United States’ trade. The majority of all U.S. waterborne foreign trade travels to or from U.S. ports on the Gulf of Mexico. When you include goods traveling through the region from other ports, no other part of the world is more essential to America’s trade.
This is why more Americans ought to be concerned that foreign powers are rapidly moving into the Caribbean, as well into South America itself. Continue reading
The European Union is set to put pressure on the government to ensure continued access to British fishing waters for European vessels despite the mad Common Fisheries Policy being one of the major concerns of Brexiteers across the country. Continue reading
This year, a 300-mile railway will begin slicing through Kenya, cutting travel time between the capital, Nairobi, and one of East Africa’s largest ports, Mombasa, from 12 to four hours and breeding hopes of an economic and tourism revival in the region.
The country’s most significant transportation project since its independence in 1963 is being built courtesy of China. China Road and Bridge, a state-owned enterprise, leads construction of the $13.8 billion project, which is financed nearly 100% by the Export-Import Bank of China.
The railroad is one of a host of infrastructure projects China spearheads around the world in an ambitious quest to reinforce its emergence as the world’s next economic superpower while President Trump turns his back on globalization. Continue reading
In the latest warning from the White House that it is set to unleash trade policy that will be in sharp conflict with generally accepted trade norms, most likely a reference to some form of Border Adjustment Tax, the Trump administration has warned that the U.S. isn’t and won’t bound by decisions made at the World Trade Organization, in outlining a new trade agenda that “promises to root out unfair practices by foreign countries” and to escalate what are already simmering trade conflicts. Continue reading
COMMENT: Marty; Some people are trying to claim that China in bypassing the Swift System, they are undermining the dollar. The latest absurd statement is that Japan will bypass the dollar and SWIFT System to transact using China’s CIPS system in inter-bank settlement. I really had to laugh at how ignorant this statement is for it would mean Japan will no longer sell anything in the USA. It seems that these people so desperate to kill the dollar clutch at anything and we just laugh in the trading rooms. I think you should address this statement for the naive people out there who are clueless as to real international trade. Continue reading
The beginnings of the United States of Europe, courtesy of a German Fourth Reich which dominates the European Union to serve its own purpose.
The leaders of the lower chambers of parliament of Germany, Italy, France, and Luxembourg have called for a European “Federal Union” in an open letter published in Italian newspaper La Stampa on Sunday.
In less than a month, on March 17 next, we Presidents of the national parliaments of the EU we will meet in Rome, how will the representatives of governments, for the sixtieth anniversary of the Treaty from which it began: our Union.
But it is plain for all that recurrence requires much more than just a historical commemoration. Birthday comes the most critical stage ever crossed by the European project. Continue reading