The Spanish region of Catalonia is preparing to hold a second referendum on separating from of Spain on October 1st, despite warnings from Madrid. Naturally, the EU is against any such separation. However, the regional tensions are historic and Catalonia is the rich and prosperous region of Spain with Barcelona being perhaps the most beautiful […]
QUESTION: Hi Marty – Question: You have blogged about the pension crisis and how Illinois and California on the brink of bankruptcy. Does this mean that other states which you don’t mention, like Florida, Texas, and New York, are financially sound and are going to be able to pay out pensions to their retirees for […]
Turkish President Recep Tayyip Erdogan said he would not ratify the Paris Climate Accord unless Europe paid all costs to Turkey. France agreed to pay Turkey compensation for the cost of implementation when signing the agreement. If Erdogan does not receive any financial funds, he said that his Parliament will not ratify the treaty. Erdogan […]
We start the week with mixed session from Asia as Chinese reserve data showed small increase and the general trend of acceptance for Chinese 5% growth. The Japanese yen continued its decline breaching 114 and even in late US trading had was last seen around the 114.25 level. The Nikkei edged better but a small […]
The German publication DWN has come out and warned that the German Pensions system is collapsing. They wrote: The core problem of the German economy and society is miserable demography. A positive development, namely the increasing longevity of the population, is an extremely negative groundbreaking, namely a small number of children. This is reflected in […]
Merkel chaired the G20 summit and she completely and utterly failed to lead G20 to a successful conclusion. Well of course, Merkel lost control of the streets of Hamburg, which looked more like a civil war challenging her authority. However, Merkel thought she could score a major diplomatic triumph by getting everyone together to gang-up […]
The German Secretary General of the Economic Council of the CDU, Wolfgang Steiger, has highlighted the growing economic crisis in Europe. The negative interest rates of Draghi and the ECB have totally failed. He has pointed out that despite various EU stress tests for banks, time and time again they continue to fail. He has […]
There is a rumor going around that the extreme violent protests in Hamburg, which resembled a Civil War, were allegedly funded by Soros. It is just a rumor with no proof as of yet. It may in fact be true that his organization funded in part these protests, but did not direct them to be violent. […]
The American press wants to paint Russia as evil and they would start a world war 3 just to sell more newspapers. Not ever since the Spanish American War has the American press in general acted in the total disregard for the stability of international relations. The meeting between President Vladimir V. Putin and President […]
The vast wave of economic migrants claiming to be refugees that include many countries, not simply Syria, is tearing Europe apart. These people are given everything for free, nothing like any immigrant who came to the USA. This has had a tendency to reduce the incentive to work. They need not find a job to […]
