The Euro is murdering the nations and economies of the EU quite literally. Since the fixed currency regime came into effect, replacing national currencies in transactions in 2002, the fixed exchange rate regime has devastated industry in the periphery states of the 19 Euro members while giving disproportionate benefit to Germany. The consequence has been a little-noted industrial contraction and lack of possibility to deal with resulting banking crises. The Euro is a monetarist disaster and the EU dissolution is now pre-programmed as just one consequence.
Author: F. William Engdahl
It appears clearly that Washington’s enraged neoconservatives around Victoria Nuland in the State Department and Defense Secretary Ash Carter have made the best contribution to bringing China and Russia together in an unprecedented manner. They managed this impressive feat by imposing financial and economic sanctions on Russia and threatening China’s sea lanes, fostering terrorism in Xinjiang and advancing the military “Asia Pivot” as well as the TPP that deliberately excludes China.
The ominous element in this more than ominous situation revolving around the center of world petroleum and natural gas reserves, the Middle East, is the fact that in the recent weeks oil prices, which had temporarily stabilized at an already low $40 range in December, now have plunged another 25% to around $29, outlook grim. Citigroup has forecast $20 oil is possible. Goldman Sachs recently came out saying that it may take lows of $20 a barrel to restabilize world oil markets and get rid of the glut of supply.
There is a very positive news coming out of Paris, a city with more than her share of bad news lately. It’s a major legal victory for the voices of science and reason against the GMO Monsanto-led cabal. Its implications will be felt worldwide.
The Obama Administration has been training terrorists of Al Qaeda/Al Nusra, allegedly to fight ISIS, much like the disgraced General David Petraeus did in Iraq and Afghanistan along with Obama’s special ISIS coordinator, the just-resigned General John Allen. The US-trained “moderate” terrorists were being readied, it’s now clear to all the world, in reality, to battle Assad and open the way for a Muslim Brotherhood takeover of Syria and a real plunge into darkness for the world if that were to succeed.
The details are emerging of a new secret and quite stupid Saudi-US deal on Syria and the so-called IS. It involves oil and gas control of the entire region and the weakening of Russia and Iran by Saudi Arabian flooding the world market with cheap oil. Details were concluded in the September meeting by US Secretary of State John Kerry and the Saudi King.