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.

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Interview With Michael Pento

By Greg Hunter – Re-Blogged From Silver Phoenix

Money manager Michael Pento says things are going to get much worse from here. Pento explains, “They understand when the stock market goes down, consumption and the wealth effect crumble, and the economy is going to falter.

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EU Recession Imminent – Euro Disunion As Brexit, Italy And End Of QE Loom

By John Mauldin – Re-Blogged From Gold Eagle

Someone asked recently how many times I had “crossed the pond” to Europe. I really don’t know. Certainly dozens of times. It’s been several times a year for as long as I remember.

That makes me an extremely unusual American. Most of us never visit Europe, except maybe for a rare dream vacation. And that’s okay because our own country is wonderful and has a lifetime of sights to see. But it does affect our perspective on the world.


Graphic: European Central Bank

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Trump Weighs in on France Chaos

By Jack Montgomery – Re-Blogged From BlabberBuzz

U.S. President Donald Trump has weighed in on the growing chaos in Emmanuel Macron’s France, calling it “very sad” and suggesting it is time the scrap the Paris climate agreement and “return money back to the people in the form of lower taxes”.

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We Can Eliminate Fossil Fuels, No Problem!

By Andy May – Re-Blogged From WUWT

French President Macron has implemented a new fuel tax to discourage drivers from burning fossil fuels in their cars. The resulting higher fuel prices have caused more than 250,000 people to protest, with some rioting. Polls indicate that 62 percent of the population think that prioritizing man-made climate change over fuel prices is wrong. The rioting has led to two deaths and over 600 injured. Almost 100 police officers have been hurt.

Macron’s popularity has sunk to 21 percent in a warning to other leaders who try to fight climate change with higher fossil fuel taxes. While Macron is unpopular for many reasons, the increase in gasoline taxes was the spark that ignited the protests and rioting.

Figure 1. Riot police facing the “yellow jacket” demonstrators in front of a burning barricade in Paris on November 24, 2018. Source: News.com.au.

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Environmental Groups Claim Coal Killed 7,600 People in Europe in 2016… Can’t Name Any of the Victims

By David Middleton – Re-Blogged From WUWT

[Sue the Bastards! -Bob]

Groups target Europe’s coal companies over harmful emissions

FILE – In this Feb. 27, 2018 file photo a coal-fired power station steams in the cold winter air in Gelsenkirchen, Germany. Environmental groups say 10 utility companies are responsible for the majority of premature deaths caused by emissions from coal-fired power plants in Europe. In a report published Tuesday, Nov. 20, 2018 five campaign groups, including Greenpeace, blame the companies for 7,600 premature deaths and millions of work days lost across Europe in 2016. (AP Photo/Martin Meissner, file) (Martin Meissner)

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