Deputy Prime Minister Matteo Salvini just declared himself the leader of the Europe's future. He refuses to budge one inch in negotiations with the European Union over Italy's budget now threatening to take down the government. And in doing this he not only speaks for Italians, he is now speaking for that growing part of … Continue reading Salvini Takes Control of Europe’s Future
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Private Blog – Market Report: Thankful for Italy
By Going Nuclear the EU Has Already Lost Its Battle with Italy
"Here's where we hold 'em by the nose, and kick 'em in the ass" — Patton If you ever want to know who’s losing an argument simply look at who’s doing the most threatening. Not who’s shouting the loudest or who’s the angriest, but who is threatening. Those who threaten are doing so because they … Continue reading By Going Nuclear the EU Has Already Lost Its Battle with Italy
Salvini Stoking Italian Risk on Eve of Bavarian Elections
So, let's talk Germany v. Italy in a no-holds barred, tag-team grudge match for control over the future of the European Union. Because, make no mistake, that is exactly what is on the table when we analyze what is happening in the EU. Man of Many Hats, Matteo Salvini, is in the driver's seat pushing … Continue reading Salvini Stoking Italian Risk on Eve of Bavarian Elections
Looks Like Italian Default is Back on the Menu
Italian Deputy Prime Minister Matteo Salvini was right to call out the EU over the failure of the bridge in Genoa this week. It was an act of cheap political grandstanding but one that ultimately rings very true. It's a perfect moment to shake people out of their complacency as to the real costs of … Continue reading Looks Like Italian Default is Back on the Menu
Merkel’s Troubles Began in Syria and End in Italy
It looks like we are entering the end of Merkel-ism in Europe. German Chancellor Angela Merkel is approaching her final days in that position. Be it next week or the end of this year, we are looking at unprecedented change in European politics thanks to Merkel's insistence on taking in millions of Syrian and North … Continue reading Merkel’s Troubles Began in Syria and End in Italy
Italy Signals no Italeave … Yet
Italy's fiery new leadership put a damper on the turmoil this morning stating that they had no current plans to leave the euro. New finance minister Giovanni Tria said in an interview this weekend: "There isn't any discussion on a plan to leave the euro […] the government is determined, in any event, to prevent market conditions which push … Continue reading Italy Signals no Italeave … Yet
Gold Goats n’ Guns Live – Nordstream 2 and Trump’s Losing Battle Against History
President Trump is trying to remake U.S. foreign policy such that he can bring the troops home and rule the world through continued financial dominance. In an outstanding article at Strategic Culture Foundation, Alistair Crooke lays out the argument (see link below). Trump will not be successful because of Triffin's Paradox, among other things. The … Continue reading Gold Goats n’ Guns Live – Nordstream 2 and Trump’s Losing Battle Against History