Author: Christine Schier

The almost unprecedented economic sanctions applied against Russia have not achieved the desired results, due to the refusal of the “non-West” to go along. That reality was recently acknowledged in two prominent British publications, The Spectator and the Telegraph. Alastair Crooke, a former senior British diplomat with almost 30 years of career at MI6, reported on the admission on May […]

The New Development Bank, created in 2015 by the five BRICS nations (Brazil, Russia, India, China, South Africa), is holding its annual Board of Governors meeting on May 30-31 at the bank’s headquarters in Shanghai. This is the first such meeting chaired by Dilma Rousseff, former Brazilian President and a close ally of Lula da Silva, who was inaugurated just […]

Following the historical defeat of the government in the debate over the bailout of Credit Suisse (cf. SAS 16/23), members of the National Council (lower house of parliament) took the first initiative for a real banking reform. On April 11, the Green Party filed a motion for a bank separation regime, along the lines of the U.S. Glass-Steagall Act of […]

One of the “brains” of Robert Habeck’s “climate transition policy” is Elga Bartsch, an investment banker who now leads the Economic Policy Division of Habeck’s Economy Ministry, where she is now responsible for the ministry’s annual economic reports. This year — her first on the job — the economic report includes for the first time “climate sustainable” assessments. It is […]

As Ms. Bartsch was drafting her 2007 report on The Economics of Climate Change (cf. previous item), the “next major shock to the global economy,” was occurring right at her very bank, Morgan Stanley! One big trading desk alone lost $14.5 billion, dwarfing all previous bank losses in history. Hopelessly bankrupt, the investment bank was bailed out – first by […]

German Economy Minister and leading member of the Green Party Robert Habeck was finally forced to announce on May 17 the ousting of his state secretary Patrick Graichen, for blatant cronyism. Graichen, the main architect within the ministry of the “energy transition”, played a key role in the web of governmental/non-governmental organizations and banking institutions pushing the so-called Green Deal. […]

In February 2022, the U.S. media giant AP (Associated Press) was granted a total of $8 million from the William and Flora Hewlett Foundation, the Howard Hughes Medical Institute, Quadrivium, the Rockefeller Foundation, and the Walton Family Foundation. These foundations make no attempt to hide their support for the “climate change” lobby and the measures needed to drastically reduce CO2 […]

The following statement was released by the international Schiller Institute on May 17. to be circulated as widely as possible. We urge our readers to sign it on the SI website, and help circulate it as widely as possible. June 10, 2023 will be the 60th anniversary of the famous American University speech by JFK on what he himself called […]

The G7 summit in Hiroshima confirmed once again that, despite their combative rhetoric, this group of seven “industrialized” nations is becoming increasingly irrelevant in today’s world. Whereas they used to be able to wield their economic clout, they only represent 27% of global GDP today, of which a big part is just financial hot air. And although the seven heads […]

In tandem with the G7’s decision to forge ahead with its militarization drive, came an escalation of the economic warfare, directed primarily against China and Russia. On the opening day of the summit in Hiroshima, May 19, the U.S. Treasury announced 300 new sanctions targeting Russia, many of them related to financial services, issued “in coordination with the G7”, in […]