Europe

The Democratic Party’s Death by Identity Politics

Guest Column by Michael Hudson

Read it. It is superb.

http://www.informationclearinghouse.info/46733.htm

Wall Street First
By Michael Hudson

In several major economies it's crunch time for the future of cash. Goldman Sachs notes that this is largely policy-driven: tangible steps are being taken to wean economies off cash (e.g. India, Europe); but adds that, at the same time consumer expectations around convenience are rising and enabling technologies have proliferated in the shape of contactless cards, mobile wallets, cryptocurrencies and more.

So, they ask, does the decline in cash payments imply the demise of cash?

Not necessarily.

Authored by Jayant Bhandari via Acting-Man.com,

India’s Rapid Degradation

This is Part XI of a series of articles (the most recent of which is linked here) in which I have provided regular updates on what started as the demonetization of 86% of India’s currency. The story of demonetization and the ensuing developments were merely a vehicle for me to explore Indian institutions, culture and society.

The Modimobile is making the rounds amid a flower shower. [PT]

Today in Rome, the EU celebrates its 60th anniversary. Leaders hailed the visionary "war generation" of leaders from old foes France and Germany who signed the Treaty of Rome in the same room on March 25, 1957, along with Italy, Belgium, Luxembourg and the Netherlands; some offered personal memories of their own generation's debts to the expanding European Union.

Authored by Mac Slavo via SHTFplan.com,

The grand order of things could be undergoing some major overhauls.

To put it more bluntly, a war to reset the global financial order is about to be unleashed.