Germany, Austria vs. US Senate: America and Europe on Collision Course

 

Germany and Austria have lashed out against US Senate for approving a legislation tightening sanctions on Russia. The bill has a provision that enables the United States to impose sanctions on European firms involved in financing Russian energy export pipelines to Europe. European companies could be fined for breaching US law. In a joint statement, German Foreign Minister Sigmar Gabriel and Austrian Chancellor Christian Kern accused the US of threatening European economic interests, describing it as an illegal attempt to boost US gas exports. The United States recently started shipping liquefied natural gas to Poland and has ambitions to cultivate other European customers.

The bill says the US government «should prioritize the export of United States energy resources in order to create American jobs, help United States allies and partners, and strengthen United States foreign policy». But the European foreign chiefs believe that «Europe’s energy supply is Europe’s business, not that of the United States of America». Gabriel and Kern said they «can’t accept» proposed US sanctions targeting European energy companies as part of measures against Russia.

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Russia and China Move to Dump the Dollar, Threatening the New World Order

 

As long predicted, the dollar’s dominance on the world’s economic stage is wavering and likely to completely collapse soon given the move away from the dollar by Russia, Iran, and China. 

Many have been predicting it. This writer spoke of it as early as 2004. The elite have dreaded it. It’s finally happened. The dollar is soon to be removed as the trading currency for oil and other commodities among Russia, Iran, and China. The effect on the U.S. economy will be catastrophic. However, in the long run it will serve to force the U.S. into a regional, rather than a global role. Continue reading

EU Wants to Order All Euro Trading Moved from London to Paris

 

The European Union is preparing the legal basis to take over London’s extensive trading business with euro derivatives. This is just another complete failure of bureaucrats to comprehend market function. Perhaps they should also outlaw euro trading in the USA and Asia. That would be real smart. Then they can all sit down and play cards with euro themselves and guarantee it will never be anything to anyone else, no less convertible worldwide. Continue reading

Greece made a “Sacrificial Lamb” by German-Dominated EU

Shutterstock

 

EU’s currency policy causing huge damage.

Greece has been warned by the EU not to mention its money troubles at a leader’s summit next week, suggesting the country is set to suffer more austerity while EU bosses try to ignore the problem. Greece’s Economic Minister has hit back, claiming that the country is being made a “sacrificial  lamb”.

Germany appears to be the hardliners behind the stance, saying that Greece’s finances have to be dealt with by Eurogroup, a meeting of each countries Finance Ministers, but Greek Prime Minister, Alexis Tsipras, believes a solution is needed higher up. Continue reading

Pentagon report: China advances in taking military control of strategic Pacific sea lanes

People’s Liberation Army (PLA) soldiers patrol Woody Island in the Paracel Archipelago. / Reuters

 

China is using non-military “coercion” in an effort to gain control of strategic waters in the Asian Pacific, the Pentagon said in its annual report to Congress released on June 6.

“China continues to exercise low-intensity coercion to advance its claims in the East and South China Seas,” the report said, adding that Beijing’s tactic involves the use of “timed progression of incremental but intensifying steps to attempt to increase effective control over disputed areas and avoid escalation to military conflict.” Continue reading

It’s A “Geopolitical Earthquake”: A Stunned World Responds After Saudi Alliance Cuts All Ties With Qatar

 

Virtually nobody saw it coming.

Late on Sunday night, the Saudi-led alliance of Gulf Arab states, Saudi Arabia, the UAE and Bahrain including Egypt, shocked the world when they announced they had severed ties and closed borders with one of the Gulf’s wealthiest, if smallest, neighbors Qatar, a (now former) member of the Gulf Cooperation Council in what we called a “geopolitical earthquake” and what Bloomberg dubbed an unprecedented move designed to punish one of the region’s financial superpowers for its ties with Iran and Islamist groups in the region.” Continue reading

German Plan to Bully EU Nations with Financial Penalties

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[Westmonster]

 

Another step towards a United States of Europe.

First they throw their weight behind an EU army and now they’re lobbying Brussels to withdraw funding from any country that doesn’t conform to the bloc’s unified set of laws.

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Iran Signs Oil For Goods Deal With Russia: Breaks Free Of Petrodollar

Refinery

 

Iran signed an agreement with Russia under which it has broken free from the petrodollar, and will “sell”, or rather barter crude oil to Russia in exchange for products. The announcement was made by Iran’s Oil Minister Bijan Zanganeh, as reported by Russia’s RIA and TASS news agencies.

“The deal has been concluded. We are just waiting for the implementation from the Russian side. We have no difficulties; we signed the contract, everything is coordinated between the parties. We are waiting for Russian oil companies to send tankers,” he said, as quoted by Russian news agencies. While sanctions against Iran have been lifted, restrictions on trade in US dollars for the country’s banks remain, making it difficult to sell oil on the open market. Continue reading

Trump Threatens to Stop Germany from Selling Cars in US

Trump Threatens to Stop Germany from Selling Cars in US

An employee holds a BMW logo on the production line of the BMW C evolution electric maxi-scooter at the BMW Berlin motorcycle plant February 23, 2015

 

President Donald Trump reportedly threatened the ‘Very Bad’ Germans from selling their cars in the United States.

(WASHINGTON, DC) U.S. President Donald Trump has threatened to stop German car sales in America during a meeting with European officials in Brussels on Thursday, Germany’s Der Spiegel reported.

“The Germans are bad, very bad,” said Trump, as quoted by Spiegel. Continue reading

Saudi Arabia plan to hike oil prices will BACKFIRE & boost US shale producers, say experts

saudi arabia oil prices

Saudi Arabi’s OPEC plan to raise oil prices could fail say experts [GETTY]

 

SAUDI Arabia’s waning grip on oil prices could loosen further if it sticks to a plan to limit supply in a desperate bid to drive up demand, according to experts.

Naeem Aslam, chief market analyst at ThinkMarkets, said: “In our eyes, OPEC is not the superpower it used to be and it is the US shale oil producers who changed the game. Continue reading

EU SUPERSTATE: Brussels ‘to force EVERY member state to adopt euro by 2025’

Eurozone

The EU wants every member state to adopt the Euro by 2025, reports claim [GETTY]

 

BRUSSELS officials want every European Union country to be using the euro by 2025, a bombshell new report has claimed.

Nine of the 28 member state in the EU are currently not part of the single currency.

The UK and Denmark are exempt, but the remaining seven nations all agreed to adopt the euro when they joined the bloc. Continue reading

Merkel worried about Brexit Britain gaining Economic Advantage

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360b / Shutterstock.com

 

Speaking to a group of businesses in Berlin, Merkel said that once the UK formally leaves the bloc, which will currently set to be by the end of March 2019, we will be able to have a bonfire of EU regulations which will make us even more competitive on the world stage, gaining a possible economic edge. Continue reading

Saudis May Enter The Shale Game

 

Flooding the market has quickly emptied the kingdom’s checkbook

In case you missed the past three years, on Thanksgiving Day 2014, OPEC announced it would not cut oil production in the name of gaining customers and growing market share for its members (widely interpreted as Saudi Arabia).

That announcement set off a two + year global commodities price downturn that sent oil from triple digits all the way down to $26 and fostered two years of pain and indigestion in the shale beds of North America that companies are just now getting past. Continue reading

EU prepares to unleash ‘NUCLEAR OPTION’ on Hungary: Brussels loses patience with Orban

EU Hungary

The EU is considering removing Hungary’s voting rights [GETTY]

 

THE EUROPEAN UNION is considering the extraordinary step of stripping Hungary of its voting rights in Brussels following a “serious deterioration” in the country’s stance with the bloc.

MEPs last night voted heavily in favour of taking sanctions against the state for a “serious and persistent” breach in EU values including accepting migration quotas.

These sanctions could involve reducing voting rights for EU diplomats, known around Brussels as the “nuclear option”.  Continue reading

America’s Dying Aluminum Industry

And America still has no replacement for the Russian rockets it uses to send things into space with. America is hemorrhaging.

 

High purity aluminum is used to make jets such as this Boeing F-18. (ASANKA BRENDON RATNAYAKE/ANADOLU AGENCY/GETTY IMAGES)

 

Cheap Chinese aluminum is undermining national security.

At the dawn of the 20th century, the United States of America emerged as a world power. At the heart of its rise was a powerful manufacturing economy. Following the rapid expansion westward of Manifest Destiny, the collective resources of the continent were combined with the innovative and entrepreneurial spirit of the American people. The steel smelters of Pittsburgh, and the automobile factories of Detroit were symbols of America’s manufacturing might.

While American manufacturing drove forward peacetime prosperity, it wasn’t long before it would be mobilized for war. The armies of freedom were fortunate that the American industrial machine was on the side of the Allies, for it proved unmatched in the world. It is doubtful that the Allies could have won World War II if America was less industrialized. Despite the vital nature of American manufacturing, it has crumbled into oblivion since 1945.

The continuous outsourcing of American manufacturing and the over production of other countries has eroded away any industry America had. The smelters around Pittsburgh have long disappeared, and Detroit has become a ghost town. While this has led to fewer jobs and domestic issues, it is also becoming a national security threat. Continue reading