The Nordstream 2 pipeline represents the last stand of U.S. influence over the internal affairs of Europe. Once finished it will stand as a testament to the fundamental split between the European Union and the United States. Europe will see this as its first successful defense of its newly-declared independence. And the U.S. will have … Continue reading Time Runs Out on U.S. Opposition to Nordstream 2
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Italy Courting China is a Masterstroke of Chaos
Next week's visit to Italy by Chinese Premier Xi Jinping has nearly everyone jittery. The recent announcement by Five Star Movement Leader Luigi Di Maio that his country is prepared to sign a Memorandum of Understanding with China to be a part of China's ambitious Belt and Road Initiative has set off a firestorm of … Continue reading Italy Courting China is a Masterstroke of Chaos
Super Mario Draghi’s Day of Reckoning Has Arrived
“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.” -- Mario Draghi July 26th 2012 No quote better defines Mario Draghi's seven-plus years as the President of the European Central Bank than that quote. Draghi has thrown literally everything at the … Continue reading Super Mario Draghi’s Day of Reckoning Has Arrived
The Slippage Continues – India Resists Trump On Everything
With the U.S.'s attempt at regime change in Venezuela going nowhere fast it's becoming increasingly obvious that major vassals allies aren't scared of the consequences of defying us. India, in particular, has been quite clear in its opposition to Trump's edicts on who they can and cannot trade with. And with Prime Minister Narendra Modi … Continue reading The Slippage Continues – India Resists Trump On Everything
When Bubbles Burst – Tesla, The Everything Cycle and the End of Global Warming
As the center of the U.S. freezes this weekend, Elon Musk is trying to figure out how to save Tesla from going the way of Enron. Religions die hard. It takes an orgy of evidence to change a person's mind on a subject that is integral to their moral and ethical structure. In the case … Continue reading When Bubbles Burst – Tesla, The Everything Cycle and the End of Global Warming
Trump Folds on Trade War With China
Over the weekend, fifteen minutes before U.S. equity futures markets opened, President Trump extended the trade talks between the U.S. and China. No one should be shocked by this. Because China isn’t the main problem. We are. Why? Keep reading. Trump has rapidly become the Appeaser-in-Chief. Everyone on the other side of the negotiating table … Continue reading Trump Folds on Trade War With China
Energy Dominance Isn’t Just a Trump Obsession
Energy Dominance should be the catchphrase of the day. It's on the minds of every political figure, and the focus of every economy. This is especially true of those vulnerable to a change in the status quo, namely Saudi Arabia. While some continue to believe the gyrations of the oil market over the past few … Continue reading Energy Dominance Isn’t Just a Trump Obsession
Euro Gold Ratio is a Canary in the Monetary Coalmine
For weeks I've been telling my subscribers that something changed in the gold market. Since Donald Trump's election there was a pretty clear pair trade between the U.S. dollar and gold. And that trade was most manifested in the price of gold in euros. During last summer gold experienced its worse (in terms of time) … Continue reading Euro Gold Ratio is a Canary in the Monetary Coalmine