The question of money supply and inflation has been erroneously been set in stone predominantly by the debasement of Spain and Britain during the period of Henry VIII. This was really a period where there were various countries and their currency completely relied on the exchange market in Amsterdam, which was based entirely upon their metal content. This period was far less judgmental insofar as we have today where currencies rise and fall purely on anticipation of political events. During the middle ages, this influence of anticipating future value based upon possible political decisions was not readily dominant and the coins of one nation were compared entirely on their metal content.
For example, because of the French at war with Britain, they created a wave of inflation that spread like a contagion to other nations, namely Spain and Italy, because money was commodity based using gold and silver. In this way, there was really a single currency base among nations and the problems of one would be exported to all others by their debasement. Continue reading →
PARIS/BERLIN (Own report) – Germany is participating in a new European military formation that was launched yesterday. Originally a French proposal, the European Intervention Initiative (EII) will be open to EU and Non-EU member countries to join. Expanding the existing EU military cooperation (“PESCO”) with a new operational component, the EII should facilitate rapid decisions on joint military interventions. A first meeting of military commanders from the hitherto nine participant states is set for September. The EII includes Great Britain, which plans to continue its military cooperation with the continent, even after Brexit, as well as Denmark. Since the coordination of military interventions is now officially set outside of the EU framework, Denmark can sidestep the opt-out from EU military policy, it had once granted its population. Referred to by experts as a European “coalition of the willing,” it goes hand in hand with the EU Commission’s militarization plans worth billions and the high-cost German-French arms projects.
The predictions have come true about the emergence of a new defense group that will change the European security environment. On June 25, the defense chiefs from nine EU countries signed off on the creation of a new force called the European Intervention Initiative (EII), which is spearheaded by French President Emmanuel Macron. The new organization will have a common budget and a doctrine establishing its guidelines for acting and joint planning for contingencies in which NATO may not get involved. The group includes the UK, Germany, Denmark, the Netherlands, Belgium, Estonia, Spain, and Portugal. Italy may join soon. The initiative is not tied to the EU’s Common European Defense, which includes the PESCO agreement as well as NATO. Great Britain has always opposed the idea of creating a European defense alliance, fearing it would undermine transatlantic unity. Now it has done an about-face, as the rifts within the US grow deeper. Continue reading →
Leopard II battle tank is pictured in action at the Oberlausitz training area in Weisskeissel. Source: Reuters
Nine European states – France, the UK, Germany, Belgium, Denmark, the Netherlands, Estonia, Spain and Portugal are going to establish a joint military intervention force, France’s Defense Minister Florence Parly has told the French newspaper Figaro.
“Defence Europe requires a common strategic culture … The deadlines and decisions in the EU are still much too long compared to the urgency that can arise from a critical situation in a country where Europeans would consider that there is a strong stake for their security,” she said.Continue reading →
The Cologne Institute of German Business sees in the planned European deposit insurance is simply incapable of proving protection against a bank crash in Europe. The EU deposit guarantee is simply not practical under any concept of austerity. The Eurozone still has inherent significant risks in the balance sheets of European financial institutions. This is primarily because where the USA took the bad loans from the banks and stuffed them into Freddie and Fanny, in Europe, the bad loans are still on the books of the banks. Systemically, this has been the leading problem why Europe has been unable to recover and Quantitative Easing merely robber savers of their income and it failed completely to stimulate the economy. Banks were still reluctant to lend and people would not borrow if they did not have confidence in the future. Continue reading →
PARIS/BERLIN (Own report) – Berlin is forging ahead with the German-French military cooperation by intensifying collaboration in air transport. In addition to ambitious armament projects, the defense ministries of Germany and France have reached an agreement last week regulating the operation of a joint air transport squadron based in Évreux (France) as well as the training of the necessary personnel. The squadron will be available to both countries’ tactical air transport and supplement the large A400 transport aircraft, which will also be procured jointly by the German and French armed forces. Experts view the current cooperation – for example in the framework of the Franco-German Brigade – to be insufficient, because, so far, diverging strategic goals complicate its deployment. For his “vision of a new Europe,” Emmanuel Macron, under whose presidency the cooperation is to be expanded and improved, will be awarded Aachen’s International Charlemagne Prize next week.
There’s no greater villain in the world today than Vladimir Putin. He stands accused in the media and global public opinion of rigging his recent reelection, imprisoning his political enemies, murdering Russian spies turned double-agent, meddling in Western elections, seizing Crimea, destabilizing Ukraine, supporting a murderous dictator in Syria and exporting arms to terrorist nations like Iran.
The list of bad acts laid at Putin’s feet is much longer than the one just recited, but you get the idea. He’s no Mr. Nice Guy. Continue reading →
An out-of-control Chinese space station full of “highly toxic” chemicals may crash into lower Michigan, reports Aerospace.org, which has predicted an April 3 reentry with a margin of error of one week before and after. While the list of possible targets include locations in Northern China, South America, Southern Africa, Northern Spain and the United States. Lower Michigan in particular is among the regions with the highest probability of a direct hit.Continue reading →
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 →
As mentioned several times in the past, Germany is running the European Union and Europe once again. This time around the conquest is via subjugation of national sovereignty and economic warfare. They have their key politicians in key positions across the European board. The European Commission, European Central Bank and International Monetary fund (the Troika) are all but one example. Regardless of how everything on the EU landscape currently looks, further federalization/integration is the only solution they keep proposing to their problems, and this is ultimately leading to a United States of Europe with its own European Army, which is already beginning to supplant NATO. The Fourth Reich has landed and if you’re looking for Nazis, you’re 70 years too late.
BERLIN/BRUSSELS (Own report) – The EU finance ministers’ decision to appoint the Spaniard Luis de Guindos to be vice president of the European Central Bank (ECB), will boost the chances of German Bundesbank President Jens Weidmann to become its next president. Berlin has welcomed the decision for Spain’s current Minister of the Economy Guindos, considered to be one of the fathers of the Spanish real estate bubble. Subsequent to his designation as vice-president, a northern European is expected to be given the post of ECB president, due to the EU’s proportional regional representation. According to observers, a conceivable deal may be reached with Germany’s Weidmann at the helm of the ECB and the post of EU Commission President going to France. The current German Bundesbank president is unpopular in Southern Europe because he has been systematically trying to prevent current ECB President Mario Draghi’s bond buying programs, considered to be vital for the crisis stricken countries. With Weidmann as ECB president, Germany would further tighten its grip on the euro zone’s financial institutions.
No other country seems to lecture EU states as much as Germany. But, embarrassingly, Angela Merkel’s government is in breach of European regulations more than anyone else.
Yes, it’s really true: Germany is the top rule breaker in the European Union. The country, which has lectured debt sinners like Greece, performs worst in complying with European Union legislation. Physician, heal thyself. Continue reading →
BERLIN(Own report) – Germany and the three remaining major West European EU member countries should formulate a joint foreign policy and implement it even without an EU-wide consensus, demands Norbert Röttgen, former Chair of the Committee of Foreign Affairs in the German Bundestag. Such an approach would be inevitable, because a foreign policy consensus in the EU is impossible “within the foreseeable future,” although rapid and resolute activity is needed to reach an “equal footing with the USA and Russia.” Experts are proposing, as an alternative, the introduction of foreign policy decisions being taken at majority votes. This would mean that EU countries – against the will of their respective governments – could, for example, be forced into serious conflicts with third countries. Reflecting major shifts in the global political fabric, these proposals have become elements of an intense debate within Berlin’s political establishment. The German Federal Intelligence Service (BND) is warning against the escalation of conflicts, for example, with China, and the military does not rule out the possibility of Berlin’s loss of power, through the potential disintegration of the EU.
The Spanish Police have invaded Catalonia and the rigged high court of Spain nullifies its independence. It really is astonishing when you compare these actions to Russia and Crimea. At least Crimea the population were Russian speaking and not Ukrainian. Here we have Catalonia has had its own language from before the existence of Spain and have always regarded itself as separate and autonomous. Continue reading →
The Spanish government decided to reach back into its history and borrow from the playbook of longtime Spanish fascist dictator Francisco Franco in dealing with Catalonia’s decision to declare independence from the Spanish Kingdom as the Republic of Catalonia. The Catalan government’s decision to declare independence followed an October 1 referendum in the region that resulted in a “yes” for independence. Continue reading →
The regions wanting more autonomy or independence [Mauldin Economics]
CATALONIA’S quest for independence from Spain could spark a domino effect plunging the European Union into crisis as a map reveals the other regions across the continent desperate for autonomy.
Catalonia threw Spain into a constitutional crisis yesterday after declaring independence following a controversial referendum.
But the region is not alone in its hope for independence and the aftershocks of the Catalonia crisis could further splinter the EU with dozens of regions hoping to return to autonomy and fighting their own battle to regain control. Continue reading →