The Tragedy Of The Euro

By Alasdair Macleod – Re-Blogged From Silver Phoenix

After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The consequence will be a new cycle of sharply rising bond yields for the weakest Eurozone members, and systemically destabilising losses in the bond portfolios owned by Eurozone banks

The blame-game

It’s the twentieth anniversary of the euro’s existence, and far from being celebrated it is being blamed for many, if not all of the Eurozone’s ills.

Continue reading

Advertisements

2018 Saw A Global Revolt Against Climate Change Policies

By Michael Bastasch From The Daily Caller  Re-Blogged From WUWT

  • 2018 saw a global revolt against policies aimed at fighting global warming
  • Australia, Canada, France and the U.S. have all seen push back against global warming policies
  • That included weeks of riots in France against planned carbon tax increases

Despite increasingly apocalyptic warnings from U.N. officials, 2018 has seen a number of high-profile defeats for policies aimed at fighting global warming. Politicians and voters pushed back at attempts to raise energy prices as part of the climate crusade.

It started in June with election of Ontario Premier Doug Ford. Ontario residents overwhelmingly voted Ford’s conservative coalition into power on a platform that included axing the Canadian province’s cap-and-trade program.

Continue reading

CNN Notices Climate Change Policies Hurt Poor People

By Eric Worrall – Re-Blogged From WUWT

Their prescription of course is more socialism.

Why President Macron’s U-turn is a warning for climate leaders

By Mark Lynas, Updated 0921 GMT (1721 HKT) December 31, 2018

(CNN) The humiliation of President Emanuel Macron should be a cautionary tale for any world statesman or woman considering taking on the mantle of climate leadership.

In October the French president was “auditioning to be leader of the free world” at the United Nations General Assembly in New York, with tackling global warming a centerpiece of his pitch.

Two months later an abashed and humbled Macron backtracked on French national television in the face of sustained violent protests by the “gilet jaunes” (yellow jackets) movement.

Continue reading

Three Things That Will Definitely Happen In 2019

By John Rubino – Re-Blogged From Dollar Collapse

Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following:

Government debt will rise at an accelerating rate

Like a life-long dieter who finally gives up and decides to eat himself to death, the US is now committed to trillion-dollar deficits for as far as the eye can see. And that’s – get this – assuming no recession in the coming decade. During the next downturn that trillion will become two or more, but in 2019 another trillion-plus is guaranteed.

Continue reading

Time Is Money…Money Is Time

By Alasdair Macleod – Re-Blogged From Silver Phoenix

Life’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more. 

(Macbeth)

Our limited time, our brief candle as Shakespeare’s Macbeth had it earlier in the soliloquy quoted from above, may count for very little in the grand scheme of things, but is of the utmost importance to each of us personally. Unlike the other dimensions, height, breadth and depth, the fourth is almost infinite, but individuals enjoy only a small part of it, our three-score years and ten. Time moves on. What really matters is not wasting it.

We may appear to others to be wasting time. But it is not wasting it when we take a break, recharge our batteries, or stop to think. Pleasure-seeking, pursuing happiness, removing uneasiness is making good use of time. We are all different and enjoy different things, so wasting time is not time wasted so long as it our personal choice. No one can allocate time as effectively as the individual. It is intensely personal.

Continue reading

Central Banks Can’t Stop A 2019 Debt Disaster

By Mike Gleason – Re-Blogged From Silver Phoenix

Mike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente’s perhaps the most well-known trends forecaster in the world and it’s always a joy to speak with him. Mr. Celente, thanks for the time again today and welcome back.

Gerald Celente: Always great being on with you, thank you.

Mike Gleason: Well, Gerald, as always, there’s no shortage of topics to discuss with you. Why don’t we start with Europe? The Yellow Jacket Protests have been making headlines. The French President Macron is extraordinarily unpopular and citizens there are more than a little frustrated on how out of touch the government is, both in France and in Brussels at the EU. People have taken to the streets, Macron has responded by delaying the very unpopular fuel tax hike and he plans to increase wages and pensions.

Continue reading