Showing posts with label EU. Show all posts
Showing posts with label EU. Show all posts

Friday, April 10, 2015

Paul Craig Roberts – As Greece Pivots, Putin Unleashing Ultimate Move To Crush The EU And NATO

Roberts doesn't go further, but if the scenario he paints becomes true (he's been prescient up until now), then USDollar hegemony is toast, which would roil global capital markets.  Everybody suffers short-term, but the global debt overhang would be repudiated.  A necessary reset will have winners and losers.  May the most competitive nations win.

http://kingworldnews.com/paul-craig-roberts-as-greece-pivots-putin-unleashing-ultimate-move-to-crush-the-eu-and-nato/

Saturday, June 29, 2013

EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues

This answers any doubts as to whether depositors will be on the hook when their bank collapses.  Taxpayers funded the last round of bank bailouts.  Depositors will be next.

http://www.telegraph.co.uk/finance/financialcrisis/10145355/EU-makes-bank-creditors-bear-losses-as-Cyprus-bail-in-becomes-blue-print-for-rescues.html

Monday, June 3, 2013

EU draft bank rescue law would not shield big deposits

All the skeptics insisted the Cyprus "bail-in" of banks by depositors losing out was a one-off event.  The naysayers are naive.  The Cyprus bail-in is the blueprint for the rest of the banking world.

http://www.reuters.com/article/2013/05/20/us-eu-banks-idUSBRE94J0AC20130520

Tuesday, April 23, 2013

Spain's Rajoy Yields To Merkel, Agrees That EU Countries Must Cede Sovereignty

German is about to the second language in Spain.  EU countries will slowly cede their sovereignty to their banking overlords.

http://www.zerohedge.com/news/2013-04-23/spains-rajoy-yields-merkel-agrees-eu-countries-must-cede-sovereignty

EU near austerity limit, says Barroso

"Near austerity limit" = gin up the printing press, Jose.  See Japan.  In fact, see the Fed also.

http://www.guardian.co.uk/world/2013/apr/22/eu-near-austerity-limit-barroso

Thursday, April 18, 2013

Russia's Medvedev: EU "bull in china shop" on Cyprus

http://www.reuters.com/article/2013/03/20/us-eurozone-cyprus-russia-medvedev-idUSBRE92J17J20130320
"So far, the actions of the EU, the European Commission and the government of Cyprus on resolving the debt problem unfortunately remind me of the actions of a bull in a china shop."

"I can only compare it some of the decisions taken ... by Soviet authorities, who did not give a thought to the savings of the population." - Russian Prime Minister Dmitry Medvedev

Friday, February 15, 2013

Hollande Tiptoes Toward Raid on Pensions With EU Pressure

And so the predictable becomes probable:  expect more pensions to be raided.  Don't believe for a second that only French pensioners are at risk.  Every over-indebted government will go after pensions.

When convicted bank robber Willie Sutton was asked why he robbed banks, his alleged response was, "because that's where the money is."

http://www.bloomberg.com/news/2013-02-14/hollande-tiptoes-toward-raid-on-pensions-under-pressure-from-eu.html

Sunday, October 14, 2012

Epiphanies from Nassim Nicholas Taleb

http://www.foreignpolicy.com/articles/2012/10/08/epiphanies_from_nassim_nicholas_taleb
The most stable country in the history of mankind, and probably the most boring, by the way, is Switzerland. It's not even a city-state environment; it's a municipal state. Most decisions are made at the local level, which allows for distributed errors that don't adversely affect the wider system. Meanwhile, people want a united Europe, more alignment, and look at the problems. The solution is right in the middle of Europe -- Switzerland. It's not united! It doesn't have a Brussels! It doesn't need one.

Thursday, April 19, 2012

THE SHOCKING TRUTH OF THE PENDING EU COLLAPSE!

The German populace is really going to enjoy this.  They are on the hook for bailing out Euro zone countries, no ifs, ands, or buts.  Sovereignty in Europe is toast.


http://youtu.be/EPcWHBPYOSU

Monday, January 23, 2012

EU Agrees to Ban Iran Oil Imports to Target Nuclear Program

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/23/bloomberg_articlesLY7SIV07SXKX01-LY9IK.DTL

This gives oil importers 6 months to find additional sources--and gives markets time to digest any inventory imbalances (i.e. shortages).  The money printers will declare there is a glut in inventory due to demand destruction (i.e. the world economy still sucks), but the peak oil theorists will posit this ensures crude oil prices remain over $100 a barrel, dampening the economy.