Iran Sanctions Are Damaging The Dollar

Iran

 

Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread disagreement over the policy. Yet, we are only in the first few chapters of what may ultimately be a long story that ends with the erosion of the power of the U.S. dollar.

The role of the greenback in the international financial system is the reason why the U.S. can prevent much of the world from buying oil from Iran. Oil is traded in dollars, and so much of international commerce is based in dollars. In fact, as much as 88 percent of all foreign exchange trades involve the greenback. Continue reading

EU wants continental free-trade deal with Africa

https://s3.eu-central-1.amazonaws.com/euobs-media/d0aba9bd4b6c1fafe5e3618e4b761dd3.jpg

‘There is a huge potential in Africa,’ said EU policy chief Mogherini as she announced a new continent-to-continent trade deal plan (Photo: © European Union , 2018 / Photo: Lukasz Kobus)

 

The European Commission wants a continent-to-continent free trade deal with Africa, shifting relations away from development towards trade.

The proposal is a long-term goal for what it describes as a “new alliance” with the continent amid promises to create up to 10 million Africa-based jobs in the next five years.

Speaking to reporters in Brussels on Friday (14 September), the EU’s foreign policy chief Federica Mogherini said the latest plan is different from all the past announcements on Africa. Continue reading

State of the Union

A German-dominated United States of Europe with its respective European Army is on the rise — out in the open.

The Fourth Reich has landed.

 

BERLIN/BRUSSELS (Own report) – The EU must develop the capacity “to shape global affairs” and act as “architect of tomorrow’s world,” declared Jean-Claude Juncker, President of the European Commission during his “State of the Union” speech yesterday. The speech is modeled on the famous annual “State of the Union Address” presented by the US President to a joint session of Congress. Juncker particularly wants to accelerate the EU’s militarization and the fortification of its external borders. While the German-dominated Union is striving to become a global power, at all costs, tensions within the EU are growing significantly. The disciplinary action adopted yesterday by the European Parliament against Hungary, which has been undermining democratic rights for years, exacerbates the conflict between the West European centers of power and the EU’s eastern members. The blatant prosperity gap between the EU’s center and the impoverished periphery continues unabated. Serious violations of human rights, particularly against refugees, accompany the internally disunited Union’s striving for a global role.

Continue reading

Juncker: End internal borders, scrap national vetoes on tax & foreign policy

 

Jean Claude Junker when making his ‘State of the Union’ address to the European Parliament has called for internal borders to be “removed” and demanded national vetoes on foreign and tax policy to be scrapped, giving the European Commission more central powers.

He told the EU Parliament: “Where borders have been reinstated, they must be removed. Failure to do so would amount to an unacceptable step back for the Europe of today and tomorrow. Continue reading

EU recruiting for ‘European Defence Agency’

Now that it’s public knowledge vacancies are open, and an official agency complete with its very own flag, there’s no getting around the reality of a rising European Army. As said here many times throughout the years, the United States of Europe will be the next world superpower, led by Germany’s Fourth Reich.

America, throughout (at least) the last four administrations has suicided itself into the dustbin of world history — and not even Donald Trump will be able to stop its decline. Europe is only picking up the baton and filling the vacuum.

Further information:

 

 

Remember when the prospect of an EU Army was dismissed as a ‘dangerous fantasy’? Well the reality of course is quite different.

In fact the ‘European Defence Agency’ – complete with EU flag – is now recruiting. Continue reading

Veterans for Britain: ‘EU army actively undermining NATO’

 

David Banks, a Spokesman for the Veterans for Britain campaign, has told Westmonster that the European Union is actively undermining NATO.

In an exclusive interview, Banks said the EU has “created 20 separate structures which directly duplicate what NATO already does and that’s quite unhealthy for those of us who believe in NATO”. Continue reading

Winning: Juncker Agrees on Trump Trade Deal

https://image.zype.com/593087b25d3c19148e001735/5b59c958345e3b12880060a5/custom_thumbnail/1080.jpg

(Photo Credit: The White House)

 

The goal, according to both men, will be tariff-free trade.

Following their meeting Wednesday, President Donald Trump and European Commission President Jean-Claude Juncker announced they had agreed to a trade deal that will eventually result in tariff-free trade between the U.S. and the European Union.

Juncker said he came to Washington, D.C., with one goal in mind: to “make a deal,” and the goal was met. He called his discussions with the president a “good, constructive meeting.” Continue reading

Merkel Supports European Military Consolidation

https://www.thetrumpet.com/files/W1siZiIsIjIwMTgvMDYvMTEvOGM1cGpuM2d2Y18xODA2MTFfQnVuZGVzd2Vocl9HZXR0eUltYWdlc185NzAyNjA2NjguanBnIl1d/19e3aa474099df9e/180611-Bundeswehr-GettyImages-970260668.jpg

Infantry soldiers of the Bundeswehr, the German armed forces, take part in a reconassaince mission during Thunder Storm 2018 multinational NATO military exercises on June 7, 2018 near Pabrade, Lithuania. (Getty Images)

 

German chancellor voices approval for French president’s military integration proposal.

German Chancellor Angela Merkel declared on Sunday, June 3, that she held a “positive view” of French President Emmanuel Macron’s proposal for further European military integration.

Macron outlined his plan for a reformed eurozone in a September 2017 speech. He called for a European Union military intervention force with a budget agreed upon by the year 2020. He has been pushing for Germany to come on board with such a plan for a European military unity, stating, “Our ambitions cannot be realized alone. I have said it already several times, they need to be accompanied by Germany’s ambitions.” Continue reading

Merkel Backs Macron’s European Army Initiative

https://www.zerohedge.com/sites/default/files/inline-images/2018.06.05merkel.JPG?itok=RKtS1aK6

 

“I am in favor of President Macron’s proposal for an intervention initiative,” the German chancellor told Frankfurter Allgemeine newspaper on Sunday.

The topic has been under discussion since September, when French President Emmanuel Macron laid out his vision for a pan-European “military intervention force” with a shared military budget funded by aggregated tax receipts and supervised by a single finance minister. Macron’s vision – which is central to his integrationist message – was similar to a proposal laid out during a speech last summer by European Commission President Jean-Claude Juncker, who declared at the time that “soft power alone is not powerful enough.” Continue reading

“Interfere!”

https://www.german-foreign-policy.com/fileadmin/introduction/images/maps/3_europa/16_italien.gif

 

ROME/BERLIN (Own report) – Following massive pressure from Berlin, Italy’s new government has renounced on appointing a well-known euroskeptic to become economy and finance minister. The renowned economist Paolo Savona must accept a less prominent post as Minister for European Affairs – above all because he criticizes Germany’s blatant policy of domination at the expense of the other euro zone countries. The far right Lega Nord is now almost as strongly represented in Rome’s government as the 5-Star Movement: Due to Germany’s open interference, Lega’s poll ratings have soared, thereby significantly increasing its political clout. In the run-up, German politicians and media had reactivated a tactic they had been using since the beginning of the euro crisis: With warnings of harsh financial market reactions, they fuel the fear of a crisis, thus applying even more pressure on Rome. According to German media with wide circulation, Italy’s policy “concerns all of us” – “Interfere!”

Continue reading

EU Launches Rebellion Against Trump’s Iran Sanctions, Bans European Companies From Complying

Following our discussion of Europe’s angry response to Trump’s unilateral Iran sanctions, in which European Union budget commissioner, Guenther Oettinger made it clear that Europe will not be viewed as a vassal state of the US, stating that “Trump despises weaklings. If we back down step by step, if we acquiesce, if we become a kind of junior partner of the US then we are lost”, moments ago Reuters reported that the European Commission is set to launch tomorrow the process of activating a law that bans European companies from complying with U.S. sanctions against Iran and does not recognise any court rulings that enforce American penalties.

“As the European Commission we have the duty to protect European companies. We now need to act and this is why we are launching the process of to activate the ‘blocking statute’ from 1996. We will do that tomorrow morning at 1030,” European Commission President Jean-Claude Juncker said.

Continue reading

China Warns Trump “We Will Outlast You” As US “Significantly Escalates” Trade War

Beijing sent the first messaging salvo ahead of the Steven Mnuchin-led delegation to China (which will engage in trade talks over May 3-4) overnight when the PBOC fixed the yuan sharply lower than many expected. The signal was clear: push us hard enough, and we may just launch another devaluation. Or worse.

A little while later, Beijing did its best attempt at managing expectations, when it said that it’s “unrealistic” to expect to solve all issues between the U.S. and China at a single meeting, given the economic sizes of the two countries and their complex economic and trade relationship, foreign ministry spokeswoman Hua Chunying says at daily briefing.

While Hua tried his best to pay the diplomatic “good cop”, saying it was in the mutual interest of both countries to solve trade issues through consultation, just a few hours later, China’s foreign minister Wang Yi was the bad cop, who warned that whereas China would welcome a successful outcome from upcoming trade talks with the United States, it  is “fully prepared for all outcomes and will not negotiate on core interests.”

Continue reading

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.”

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

With Japan against China

 

TOKYO/BRUSSELS/BERLIN(Own report) – With the conclusion of their free trade agreement, the EU and Japan are about to establish the world’s largest free trade zone. As was reported, the agreement between the two highly export oriented economic blocks, generating nearly 30 percent of the global economic output, could already take effect in early 2019. According to the EU Commission and German economic institutes the Japan-EU Free Trade Agreement (JEFTA) could lead to significant economic growth and the creation of hundreds of thousands of new jobs. On the one hand, the agreement is aimed at making up for eventual slumps on the US market and, on the other, is part of the containment strategy against China, the emerging powerhouse. Despite their differences, Berlin and Washington continue to cooperate in their opposition to Beijing. Parallel to the JEFTA agreement, the EU, Japan and the USA have declared that they will jointly take on China more aggressively over trade issues.

Continue reading