President Trump on Wednesday said he would not label China a currency manipulator, contradicting one of the biggest economic promises he made on the campaign trail.
Trump told the Wall Street Journal that he had changed his mind because China is not currently manipulating its currency, adding that he hoped to enlist China’s help on containing the nuclear threat from North Korea.
Analysts condemned the “flawed economics of this reckless [EU] experiment” and said the ECB faces a rude awakening as states crumble under the burden of debt.
Market conditions in Eurozone are showing signs of a return to the conditions that sparked the 2011 European debt crisis which first reared its head in 2009.
The ECB uses a system called Target2 to assess levels of debt and the bank’s data appears to show it is only a matter of time before the current system breaks.
At the end of November 1918, Adolf Hitler returned to Munich and then proceeded to a military camp in Traunstein in south-eastern Bavaria. When the camp was disbanded in April 1919, he went back to Munich, which was still being ruled by a Soviet republic founded by a Polish Jew Kurt Eisner (real name Salamon Kosmanowsky).
At the beginning of May, a few days after the communist revolution had been terminated on May 1, 1919 by the Bavarian Freikorps, Hitler was summoned as a member of the 2nd Infantry Regiment to attend a course on political instruction. The purpose of this course of lectures was to provide the soldiers with a background of politics, which would enable them to monitor the many revolutionary and political movements present in Munich at that time.
… the population at large have to exchange their goods or service for those pieces of fiat money from government employees so that they can have fiat money to pay their taxes …
“A change of a fundamental kind has taken place in the economic structure of Europe whereby the old basis had ceased to be wealth and had become debt. In the old Europe wealth had been measured in lands, crops, herds and minerals; but a new standard had now been introduced, namely, a form of money to which the title ‘credit’ had been given.” (Napoleon Bonaparte)
As the dust begins to settle after the seismic events of 2016 I thought it time to stop chasing the 24 hour news cycle and reveling in liberal tears and instead take the opportunity to investigate another subject, namely, money and banks. I’ve decided to explore this area a little, as the newcomer to the topic that I am, and opened up a new tag in the word cloud called ”The Money-Lenders” which I’ll add to over the next few weeks or months.
A recurring theme of the content of this blog is the idea that Marxists, liberals, the Left and SJW’s are simply tools of the ”Money Power” but what is the money power?. Nationalists and Alt-Rightists speak of the money power as the end of game bad guy in a computer game, the boss of bosses with the media and bought and paid for politicians acting as its capos.
Tehran plans to ditch the use of the American currency in financial reporting after US President Donald Trump issued a travel ban on seven countries, including Iran.