Euro

The currency wars are heating up.

Peter Navarro, the head of President Trump’s new National Trade Council, is accusing Germany of ‘currency manipulation’ and is saying that TTIP is dead.

Le Président de l’UPR François Asselineau était l’invité de SUD RADIO jeudi 26 janvier à 9h, dans le cadre de l’émission « Seul contre tous », animé par Philippe David. A également participé à l’émission l’économiste Jacques Sapir.

Happy New Year! May yours be peaceful, safe and impactful!
As tumultuous as last year was from a global political perspective on the back of a rocky start market-wise, 2017 will be much more so. The central bank subsidization of the financial system (especially in the US and Europe) that began with the Fed invoking zero interest rate policy in 2008, gave way to international distrust of the enabling status quo that unfolded in different ways across the planet. My prognosis is for more destabilization, financially and politically.  In other words, the world's a mess.

The real motivation to go cashless is downright sinister.

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.

If a country or region has no power to devalue, and if it is not the beneficiary of a system of fiscal equalisation, then there is nothing to stop it suffering a process of cumulative and terminal decline leading, in the end, to emigration as the only alternative to poverty or starvation.
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