The coordinated scare campaign to bully Britain into staying in the European Union has begun. It’s an impressive coalition of Eurocrats, British politicians and multi-national banks.
If Britain leaves the EU, the Nordic states (Sweden, Norway, and Finland) might follow. And it might not stop there.
So what exactly is the problem in Greece? Tight money. The government has been forced to slash spending at the same time Greek banks are stricken with non-performing loans..
US Federal Reserve removed the punch bowl, turned the house lights up, and raised the target short-term US interest rate to a range between .25 and .50 basis points.
The US/IMF don’t mind if Russia gets stiffed. So they just changed the rules. As far as Ukraine is concerned, the USA/IMF have let it off the hook.
In today’s economy, the FIRE sector has hijacked governments and policy to favour it. Here’s the problem. Most its activities produce little genuine wealth.
The geopolitical events are escalating. But, at the moment, this is still a chess match. It will take time before we see a full on confrontation.
Ireland’s beginning to look like the greyhound of the pack, rising at six times the pace of the rest of Europe.
Hollande’s idea of a single unified government, one budget, one parliament to rule them all, is like something out of The Lord of the Rings.
You either take what we give you or nick off out of our European Union. That’s basically how Germany put it to Greece.