Eurocrats Increase Carbon Emissions by Cap and Trade Scheme

Those brilliant Eurocrats created a financial incentive through the U.N. to increase carbon emissions. There is no way that many powerful planners did not foresee this happening. I can only assume they didn’t care. Perhaps they got kickbacks and they actually wanted the system to work the way it is, in fact, working. Pretending this is a surprise is like pretending no one foresaw Greece becoming a huge financial problem when they were admitted into the EU. Lets rehearse how Cap and Trade Read more […]

Barack Obama Thinks U.K. Vote on European Union Membership Is his Business

The upcoming U.K. vote will decide if the nation remains in the E.U. and Obama is giving them advice. Just like when Scotland was voting on whether to stay in the United Kingdom, Barack Obama cannot resist telling people in another country how they should vote. Anyone looking at what is going on in Greece right now, and what will soon happen with other countries in the European Union, can easily see why every country that can should flee from the union. Germany can’t do so because their wealth Read more […]

The IMF Has Arranged Financial Doom for the EU

The financial doom will be when every insolvent nation demands the same bailouts that Greece is getting, even though they are too big to bail. “Tyler Durden” at Zero Hedge asks, “Did The IMF Just Open Pandora’s Box?” By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by private entities such as Read more […]

Greece Leaving Should Surprise No One

With the possibility of Greece leaving the West finally being acknowledged, we ought to also acknowledge that it was predictable. Here is a headline from the Financial Times: “Washington fears losing Greece to Moscow.” Throughout the prolonged showdown between Greece and its creditors, the Obama administration has largely sat on the sidelines, issuing the occasional warning about the potential economic impact of a default. But with Greece now on the verge of bankruptcy, the US is also beginning Read more […]

The NSA Hurts US Companies

By spying through them, the NSA hurts US companies like Facebook. In the case of Facebook, I’m not that concerned. But I am sure it is going on with other US technology companies as well. Instead of exporting a trusted product that people in other nations want to use, they fear our companies and are suspicious of what the government is doing through them. When the company is one that reaches mass numbers of individual consumers overseas, each and every one of them can learn to resent Americans Read more […]

Greece Will Never Repay Money but Germans Won’t Admit It

It is simply a fact that Greece will never repay its debts because it cannot do so. But the Germans are angry at anyone who tells the truth. Such a great laugh—the game is up! From “Germans Furious After Varoufakis/Tsipras Admit ‘Greece Will Never Repay Its Debts’” The Greco-Germanic war of words continues… Having [ticked] off The Greeks with his “Troika” remarks, Germany’s Schaeuble went on today to more ad hominum attacks by reportedly calling the Greek FinMin Read more […]

Russia about to Send Europe into Chaos?

The interest of Russia in Ukraine and the Baltic States, along with Greece’s financial crisis, could send the EU spiraling downward. Only the eldest among us have lived in a time when the dangers were so palpably high. My generation, and those younger, live with a sense that major world conflicts are but a foggy memory of the distant past. Such things don’t happen anymore. That is a dangerous assumption. Reports out of Russia are very troubling, as the Putin administration is clamping Read more […]

Greece and the Euro about to Erupt

The new government in Greece is staring down the European Union over the money they owe. What happens when a debtor can’t pay and owns no assets that would cover the debt? Typically, the debtor should go bankrupt. That can be bad for him but it can also be bad for his creditors. After all, the way that people with money try to stay ahead of inflation is by loaning that money out so that they get some interest. If my net worth on paper looks significant only because it is believed that I Read more […]

Modern Economics Exposed as a Source of Fraud

Modern economics has been transformed into an arcane system—shrouded in mystery and incomprehensible terms and formulas (watch an old video of Alan Greenspan blathering on before Congress, if you question me!)—but that’s because corrupt politicians and bankers find such fog useful to hide quite simple realities. [See also, “Cracks in the EU Dominance Start to Widen: What Next?”] When you pull back the proverbial curtain what you find are cunning thieves, concocting ways to “legally” Read more […]

Bank Failure Spreading but We Keep Pretending

Let’s see, the trajectory of impending bank failure here: 2011 – eight banks failed the “test,” with a shortfall of 2.5-billion Euros. 2014 – twenty-five banks failed the “test.” with a shortfall of 24.6-billion Euros. From “25 EU banks fail ‘stress test’, exposing $31bn shortfall.” Nearly one in five leading European banks have failed the stress test conducted by the European Central Bank, which revealed a $31.2 billion (€24.6 billion) capital gap in 25 banks showing Read more […]

Our Economic Masters Are Afraid of Low Prices!

Our elites profit as long as we are kept from enjoying low prices! The economic house of cards continues to wobble. A collapse is inevitable. Evan Ambrose-Pritchard writes in the Telegraph: “Dam breaks in Europe as deflation fears wash over ECB rhetoric.” A key gauge of deflation risk in Europe is flashing red, dropping to record lows on fears of fresh recession and lack of decisive action by the European Central Bank. The sudden lurch downwards came as Bank of America warned that Read more […]

Queen Upset over Scottish Independence

Reading about how the Scottish Independence referendum is panicking the Queen and other UK politicians is quite pleasurable.  According to the Mirror, The Queen is said to be privately horrified at the prospect of Scotland voting for independence from the UK. It is believed the referendum – which could make the monarch the last Queen of Scotland – dominated her discussions with Prime Minister David Cameron on his annual visit to Balmoral at the weekend. The growing panic over the break-up Read more […]