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Europe
12/06/2024
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By News Editors
Europe is again on the brink of financial Armageddon. This time it may not step back
How they laughed when Britain’s hard-won reputation for pragmatic and stable government descended into chaos in the aftermath of the vote for Brexit. (Article by Jeremy Warner republished from Telegraph.co.uk) How they gloated and delighted in saying “told you so” when Liz Truss threw caution to the wind and in an act of breath-taking recklessness […]
03/13/2024
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By Ethan Huff
EU shifting to WAR ECONOMY mode in bid to boost arms industry
To keep failing Western economies afloat, the European Commission (EC) wants to shift Europe into “war economy mode,” which will boost the arms industry to keep corporate profits flowing. In a proposal to European Union (EU) leaders, European industry commissioner Thierry Breton laid out a plan to buy more weapons from European arms manufacturers to […]
11/20/2023
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By Arsenio Toledo
Germany to DOUBLE its military aid spending for Ukraine in 2024
The government of Germany has announced its plan to “expand and increase” the support it provides for Ukraine amid the country’s ongoing conflict with Russia. This was announced by German Minister of Foreign Affairs Annalena Baerbock, who made the pronouncement during a meeting with her counterparts in the European Union in Brussels on Monday, Nov. […]
05/16/2023
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By JD Heyes
World moving on from U.S. dollar amid failed Biden presidency as BRICS countries announce they will adopt their own currency
A combination of out-of-control spending, a massive and impossible-to-pay-off national debt of nearly $32 trillion, and the embarrassingly pathetic presidency of Joe Biden are all factors in a significant bloc of countries deciding to move on from what is obviously an America in decline. South African officials announced this week that the creation of a […]
03/17/2023
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By Belle Carter
Credit Suisse shares surge after record decline – thanks to Swiss central bank’s $54B loan offer
Shares of global investment banking company Credit Suisse surged 19 percent on Thursday, March 16, after the Swiss National Bank (SNB) agreed to loan the bank up to $54 billion. The lifeline was offered to regain the confidence of the second-biggest lender following the collapse of U.S. banks Silicon Valley Bank and Signature Bank. The […]
03/16/2023
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By Ethan Huff
If Credit Suisse implodes, it will be far worse than the SVB collapse – the European economy will fall off a cliff
It is looking increasingly likely that Swiss banking giant Credit Suisse will be the next big bank to fall, in which case the European economy will fall off a cliff, according to Bloomberg Markets Live reporter and strategist Ven Ram. Europe will be the first to feel what Ram ominously described as an upending of […]
02/15/2023
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By JD Heyes
Europe has spent hundreds of billions in energy subsidies to shield citizens from EU-caused energy crisis
European Union nations have spent hundreds of billions of euros and dollars paying out subsidies to citizens in an effort to help them pay for sky-high energy bills after insane EU policies left the continent dependent on unreliable and insufficient ‘green energy’ sources. Before Russia invaded Ukraine, EU countries and especially Germany grew reliant on […]
10/18/2022
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By Belle Carter
US power consumption to reach record high as economic activity resumes
America’s power usage is expected to soar higher as economic activity resumes and weather continues to be hot and dry. According to the Short-Term Energy Outlook (STEO) released by Energy Information Administration (EIA) Wednesday, Oct. 12, power demand will increase to 4,034 billion kilowatt-hours (kWh) in 2022 from the 3,930 billion kWh in 2021. That compares with an eight-year […]
09/28/2022
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By JD Heyes
As energy costs soar, steel production in Europe on verge of collapse which will have catastrophic ripple effects across global economy
Steel production in Europe is literally close to collapsing as the continent deals with major spikes in energy costs thanks to having become overly dependent on Russian gas and oil, which is now being heavily sanctioned following the February invasion of Ukraine. In Sweden, for instance, energy costs have hit several major manufacturers, putting them […]
09/26/2022
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By Ethan Huff
Europe is collapsing, and it’s just the first domino of many to fall
The European Union (EU) is rupturing at the seams due to a variety of factors, including the ongoing and escalating energy crisis. European nations are not in agreement about how to deal with the problem, let alone how to move forward. Contentions abound as Russian oil and gas runs dry in Germany, the EU’s economic […]
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