As they say north of the Pyrenees, the more things change, the more they stay the same. … Read More Former IMF Chief Just Got His Get-Out-of-Jail-Free Card
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.… Read More EU Lawmakers Urge “Federal Union” For European States… Or Else
The so-called “Sage” of Omaha’s latest letter, released on Saturday, trumpets American exceptionalism, the “miraculous” market system Americans have created, while it blithely dismisses the greatest wealth and income inequality gap in America since the 1920s… Read More Warren Buffett Pens a Dangerously Misleading Letter to Americans
Superweeds are literally choking GMO plants to death across the US Midwest farm belt and that should send a very real signal that nature abhors GMOs and their toxic weed-killing chemicals… Read More Nature’s Revenge: Will Superweeds Choke GMO to a Timely Death in USA?
Many of Europe’s and America’s biggest banks have begun begging, cap in hand, for a new, innovative way of raising vast sums of dirt-cheap debt on Europe’s financial markets.… Read More Is that the Smell of Desperation Hanging Over Europe’s Banking System?
Such legislation would further complicate an environment of political unrest, made of both positive and negative forces… Read More What First Amendment? Arizona Wants Power To Seize The Assets Of Protesters
Vast liabilities are being switched quietly from private banks and investment funds onto the shoulders of taxpayers across southern Europe. It is a variant of the tragic episode in Greece, but this time on a far larger scale, and with systemic global implications.… Read More Unpayable Debts and an Existential EU Financial Crisis – Are Eurozone Central Banks Still Solvent?
The war party is back in power and the odds of normal relations with Russia have dropped to zero… Read More McMaster Takes Charge: Trump Relinquishes Control of Foreign Policy
The biggest banks on Wall Street, both foreign and domestic, have been repeatedly charged with rigging and colluding in markets from New York to London to Japan. Thus, it is natural to ask, have the big banks formed a cartel to rig the prices of their own stocks?… Read More Are Big Banks’ Dark Pools Behind the Run-Up in Bank Stock Prices?
Rato was the ex-CEO of Spain’s TBTF frankenbank, Bankia, and former Managing Director of the IMF from 2004 to 2007. He could soon be warming a bench in a Spanish prison. … Read More Former IMF Chief and Dozens of Former Bank Execs Just Got Sentenced to Jail
The mushing together of “fake news” and what the Times describes as “anti-European Union propaganda” is insidious. The first relates to consciously fabricated stories; the second involves criticism of a political institution, the E.U,, which is viewed by many Europeans as elitist, remote and disdainful of the needs, interests and attitudes of average citizens.… Read More NYT’s Fake News about Fake News