Month: November 2023

When the financial meltdown hit the world in 2007-2008, the centers of financial power, i.e., the City of London and Wall Street, responded by further hyperinflating their speculative financial bubble with quantitative easing and zero interest rates – instead of shutting down the whole casino. This only worsened the problem that had led to the 2008 crisis in the first […]

The data for the Eurozone in Q3 this year show a contraction of 0.1%, which is only an approximation of the real contraction because GDP figures include both productive and non productive activities. A better indication is provided by figures for the manufacturing sector. The Hamburg Commercial Bank Economics has released a survey of those figures for the EU and […]

With a popularity rating down to less than 20%, the three-party coalition government of Chancellor Olaf Scholz now also has to deal with a campaign among Free Democratic Party (FDP) members to pull out of the coalition. The drive, which had been building for months, took off after the drastic losses of votes for the FDP in the Oct. 8 […]

In an interview with London’s The Economist, published Nov. 1, Gen. Valery Zaluzhny recognized that the war is now in a “stalemate”, and “there will most likely be no deep and beautiful breakthrough”. Rather, the conflict may “drag on for years” and “wear down” the country, unless a “new level of technology” is provided from the West. The commander-in-chief goes on […]

On Oct. 26-27, a representative of the U.S. Schiller Institute participated, in Minsk, in an in-person conference organized by the Foreign Ministry of Belarus, titled “International High Level Conference: Eurasian Security, Reality and Prospects in a Transforming World.” Keynote addresses were delivered by the Foreign Ministers Sergei Aleinik of Belarus, Sergey Lavrov of Russia, and Peter Szijjarto of Hungary, while the […]

At this point, there is an acute danger that the “ethnic cleansing”, depopulation operation underway in Gaza will lead to a region-wide war in Southwest Asia, which would rapidly involve all major powers, in one way or another. The United States, under the pretext of supporting Israel’s unconditional right to self-defense, has deployed a huge military force in the Eastern […]

On Oct. 27, the United Nations General Assembly approved a non-binding resolution calling for a humanitarian truce in the Gaza Strip. The resolution, presented by Jordan and other Arab nations, was approved by a large majority, with 120 countries voting for, 45 abstaining and 15 voting against. The vote is highly relevant politically, as it shows the international isolation of […]

In his opening remarks to the Oct. 24 UN Security Council session, UN Secretary General Antonio Guterres decried the horrific Oct. 7 attack by Hamas on Israel and the loss of life, hostage-taking, and violence that ensued. But, he added, “it is important to also recognize that the attacks by Hamas did not happen in a vacuum. The Palestinian people […]

The continuous rise of US government yield (the ten-year note is already over 5%) has shocked observers and investors throughout the world. “The U.S. economy is one step closer to a devastating crisis”, is the conclusion of an article in China’s Global Times of Oct. 24. The GT Voice article, which is as usual simply signed Global Times and thus […]

The Trumpf Group, a major German machine-tool, laser and electronics producer with markets throughout the world, has 85 million euros worth of laser products sitting in containers, that can’t be exported to China because the Economy Ministry has still not issued the export permits required. At the company’s annual press conference on Oct. 26, CEO Nicola Leibinger-Kammüller blasted the delays, […]