While Switzerland has been a major source of U.S. gold exports for many years, the tables turned in May as the Swiss exported a record amount of gold to the United States…
The Power of “Nyet”…
It works like this: the United States decides what it wants Russia to do and communicates its wishes, expecting automatic cooperation. Russia says “Nyet”…
Is the Party Over for Bushism?…
For Trump’s nomination represents not only a rejection of their legacy but a repudiation of much of post-Cold War party dogma…
EU Okays ‘Renewed’ Data Transfer Deal, Lets U.S. Firms Move Europeans’ Private Data Overseas…
The EU has accepted a new version of the so-called Private Shield law that would allow US companies to transfer Europeans’ private data to servers across the ocean…
Political and Financial Contagion from the Italian Banking Crisis: Italy’s Exit?…
The political and financial stakes in the ongoing Italian banking crisis rose today as the chairman of Societe General, Lorenzo Bini Smaghi, talked up the risk of a “pan European banking crisis”…
Obama Defends Globalization, Vows Commitment to ‘International Order’…
President Barack Obama spoke strongly in favor of globalization on Wednesday, vowing to pursue an “international order” in spite of the recent decision by voters…
Brexit ‘Tsunami’ Expected as 34 Referendums Set to Rock the European Union…
THE EUROPEAN Union (EU) is about to be rocked by a “political tsunami” with right-wing parties across the continent calling for dozens of in-out referendums…
The Market Just Held a Stress Test: Morgan Stanley, Met Life and Citigroup Flunk…
Last Friday’s market action, following the Brexit vote in the U.K., […] proved just how feeble the Fed is when it comes to assessing systemic risk and capital vaporization…
EU Officials To Unveil ‘Ultimatum’ Blueprint As Final Solution For European Super-State…
The foreign ministers of France and Germany have proposed creating a “European superstate” limiting the powers of individual members following Britain’s referendum decision to leave…
Why a European Super State Must Be Resisted…
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