Greek Debt Implosion Starting to Ripple Outward

The Greek debt crisis is affecting global markets; things are just getting started. It seems like the event that Bob Allen has often warned us about is finally beginning. The New York Times reported yesterday, “Greece’s Debt Crisis Sends Stocks Falling Around the Globe.” Global markets shuddered on Monday after Greece closed its banks amid fears that the country was headed toward default. Stocks slumped on Wall Street, after markets in Europe were buffeted by worries that the Greek debt Read more […]

The Spanish Version of Banksta’s Paradise

First, the nations of the West quietly implemented “bail-in” laws, so that in the event of a banking crisis, account-holders will pay for the sins of their bankers. Citizens in Cyprus found out the hard way that the phrase “as good as cash in the bank” means nothing when your bankers are counterfeiting, gambling thieves. Now, the next flag up the pole is a direct government theft from everyone with a bank account—a tax for the “foolishness” of keeping money in the bank. Here is a rough translation Read more […]

Europe Learns that Green Energy is an Economic Drain

I have noted before that “green energy” in Barack Obama’s agenda, is stretched enough to include natural gas from fracking. This was a smart move because fracking–mining natural gas–is an industry that has developed on its own, stimulated by nothing more than the chance to make a profit. No one started bringing natural gas to the energy market in order to save the environment. They did it because they knew it was valuable and that customers would pay money for it. Most or all other “green Read more […]

If At First You Do Not Secede Try, Try Again

It isn’t just Crimea from Ukraine. Last night BBC reported that Venetians are voting on whether or not to secede from Italy. Recent opinion polls suggest that two-thirds of the four million electorate favour splitting from Rome, but the vote will not be legally binding. The poll was organised by local activists and parties, who want a future state called Republic of Veneto. This would be reminiscent of the sovereign Venetian republic that existed for more than 1,000 years. A focal point Read more […]

Even Belgium Knows Enough To Expel Immigrants Who Don’t Support Themselves

I never thought I would wish the United States was more like a European nation—specifically an EU member nation. Usually it is liberals who criticize the U.S. for falling short of enlightened European standards. I can only hope that they look at the example set by Belgium. Thanks to the Global Economic Trend Analysis blog for finding this story through Google Translate: The Aliens Office of Belgium withdrew permission of residence to 323 Spaniards in 2013 because they  no longer meet the requirements, Read more […]

Spain About To Experience Counter-Revolution On Abortion

It is easy to think that the loss of a conservative culture and legal environment is always a permanent loss. Once the “progressives” have won a victory in the courts or in the legislature it is tempting to despair. So, whatever ends up happening in Spain, consider their example and resolve to never give up even in the face of defeat. Reuters reports: Spain’s centre-right government moved to make it harder for women to get an abortion on Friday, restricting a law that had allowed the procedure Read more […]