Trump: The Organization of Chaos
March 23, 2025Without explicitly stating it, Donald Trump draws a correlation between the undeniable reserve currency status of the dollar and its impact on the industrial competitiveness of the United States. In truth, the facts support his argument, as industrial jobs now account for only 10% of employment in the U.S., compared to 40% in the 1980s.…
Central Banks: The New Weak Link in Our System?
February 22, 2025The European Central Bank announces a loss, the largest since its creation, of 8.3 billion euros for the 2024 fiscal year. By choice, or by lack of rigor, it has paid to banks interest rates far too high in relation to the returns on the various bonds that it holds. At the current stage we…
From Realpolitik to Empty Chair Politics
January 17, 2025Tensions Between Scholz and His Foreign Minister Baerbock at Breaking Point. She turned her back on him without even responding to him, and did so publicly and ostentatiously. What caused this volte-face? Scholz rejected a €3 billion aid package for Ukraine, concocted by Baerbock and Boris Pistorius, the Defense Minister. I myself attended meetings…
Trump and the Loudmouths
December 20, 2024Trump threatens heavy tariff sanctions if the European Union does not buy more oil. Yet, European imports from the U.S. have only been increasing: they have been rising substantially and consistently, year after year. Conclusion: Trump makes loud demands that are entirely realistic, as it will be easy for…