Opinion: Why is the EU so vindictive about Brexit?

Michel Barnier, the European Union’s chief negotiator for Brexit, says the British are going backwards in exit talks with the EU.

 

Voluntary withdrawal from the EU treaty does not have to be painful

In case you’re wondering where the belligerent spirit went that pushed Europe into centuries of warfare, two major conflicts last century, numerous regional skirmishes in recent decades, and a Cold War lasting nearly half a century, rest assured it is alive and well, albeit channeled into a “peaceful” version in the European Union’s remorseless vindictiveness.

After brutalizing Greece for lying to join the euro and then daring to violate the strictures of membership, the EU has now turned its focus to punishing Britain for having the audacity to reject the stifling bureaucracy of Brussels and the increasingly assertive dominance of Berlin. Continue reading

Why Did Schauble Almost Use The “Nuclear Option” – Tim Geithner Explains

While a Greek (pre) deal in some format was largely expected this weekend (especially following the unprecedented humiliation of Greece that would allow the Troika to repay… the Troika) the biggest stunner from the past 48 hours was Schauble’s insistence (which as we subsequently learned had been coordinated with Merkel) that either Greece accepts draconian terms which will strip the country of its sovereignty, or it will suffer a 5 year “time out” from the Eurozone. Continue reading

It’s All Connected – Just Open Your Eyes

COMMENT: Hi Marty,

I must say your analysis of the dow for the last six months is simply mind blowing.

Everything you said has been accurate. You are right that most will not get what your saying because they are stuck in a linear world – not a dynamic world.

You did say markets would churn into May. You were SPOT on. I guess what throws most is when you say we could get a high in May/June or September. They can’t process the dynamism. They guys would be good candidates for government work where they can just try control everything.

Indeed I am looking forward to the biggest “mind twisting” trade of the century, as you say. It is looking at this stage like a May/June high – everything is truly connected. You have opened my eyes forever.

REPLY: It is so hard for many to understand how everything is connected and to separate me from the computer. The vast majority who disagree always make this personal rather than the analysis. The churning of the Dow until May was connected to the dollar rise and the collapse of the Euro on just one level. If you would normally see a decline that everyone was calling for in the US market, they missed the currency play which would provide steady support for the Dow. Continue reading

The Death of the Dollar

Most people don’t even realize we have an actual war being fought — one that has been ongoing for over a decade. Most people also believe that our economic downturn is part of the usual economic cycle and will return to normal. This couldn’t be farther from the truth. Fact of the matter is, the US Dollar’s days are numbered and America is doing very little to defend it.

In late 2008, when the U.S. Treasury bond seemed the safest investment in the world and the dollar once again reigned supreme as a safe haven, we predicted a Phase Three attack. At the time, we said that the way things would play out, so-called experts would say that it was just a natural and inevitable result of global events. Never mind that these would be the same people who dismissed the concern only a short while earlier. We have documented all of this repeatedly in our final report for DoD (Economic Warfare: Risks and Responses published in June 2009), our book Secret Weapon (www.secretweapon.org) and in this Blog. We explained well in advance that the BRIC nations would call for the end of the dollar as reserve currency, piling on to similar expressions from the IMF and UN. We stated without hesitation that the US Treasury would lose Triple-A status even as Timothy Geithner said it could never happen.

Now, the alarm bells are ringing louder than ever before. But, the policymakers are ignoring the handwriting on the wall, lulled into complacency by lower interest rates paid by our Treasury. Let’s be clear. This is not an “all clear.” Just today, we received some powerful research by Citigroup titled The “Frozen Hell” of a High Deficit, Low Rate Environment. Here are some of the insights that support our concerns:

“As was the case for a decade in Greece, low government bond yields delayed recognition of a problem. The effects on investment spending, employment and income never produced are more difficult to measure than any obvious interest rate spike related to large deficit

Greece’s budget and external imbalances went undisciplined by markets for a full decade. For how long could the U.S.?”

Full article: The Death of the Dollar (Kevin Freeman / Global Economic Warfare)

China Economic Clout and Nuclear Expertise Invades Saudi Arabia

As relations with the US and middle eastern countries under the Obama administration continue to deteriorate, expect another to fill in the void.

Ever since the end of World War Two, the U.S. has come to regard Saudi Arabia as almost its exclusive oil producing enclave.

In February 1945, after the Yalta Conference with Soviet General Secretary Iosif Stalin and British Prime Minister Winston Churchill, on his way home U.S. President Franklin Delano Roosevelt and King Ibn Saud met aboard the New Orleans-class heavy cruiser U.S.S. Quincy in the Suez Canal’s Great Bitter Lake. During the meeting, instigated by Roosevelt, he and Ibn Saud concluded a secret agreement in which the U.S. would provide Saudi Arabia military security, including military assistance, training and a military base at Dhahran in Saudi Arabia, in exchange for secure access to supplies of oil.

Sixty-seven years later, my, how things have changed, as China is now muscling into the Kingdom of the Two Holy Places.

Continue reading article: China Economic Clout and Nuclear Expertise Invades Saudi Arabia (Oil Price)