Submitted by Alasdair Macloed via GoldMoney.com,
The latest consequence of economic mismanagement in Europe was the failed attempt at constitutional reform in Italy this week.
The Italian people have had enough of their government’s economic failure, and is refusing to give it more power.
Via The Daily Bell
EUROPE’S POPULIST REVOLT … Donald Trump met with his first foreign ally just a few days after winning the U.S. presidency. But it wasn’t one of the world’s leading statesmen who got the invitation to Trump Tower. It was Nigel Farage, a man once considered a footnote in British politics—but who, in 2016, found himself on the snug inside of one of history’s hairpin turns. -TIME, person of the year
Non-OPEC oil-producing nations struck a deal in Vienna on Saturday to cut crude output by 600,000 barrels a day, joining a pact meant to reduce a global oversupply of crude, lift prices and lend support to economies hurt by a two-year market slump.
The pact, the first between the two sides in 15 years, comes two weeks after OPEC agreed to reduce its own production by 1.2 million barrels a day.
Submitted by Patrick Buchanan via Buchanan.org,
The wailing and keening over the choice of Oklahoma Attorney General Scott Pruitt to head the EPA appears to be a lead indicator of a coming revolution far beyond Reagan’s.
“Trump Taps Climate Skeptic For Top Environmental Post,” said The Wall Street Journal. “Climate Change Denial,” bawled a disbelieving New York Times, which urged the Senate to put Pruitt in a “dust bin.”
Back in March, when the ECB unexpectedly announced it would begin buying corporate bonds, while the German population was rather angry, its media was furious. The best example of the fury came from Germany's Handelsblatt, which in an article titled "The dangerous game with the money of the German savers", the authors provide a metaphorical rendering of what is happening in Europe as follows:
The publication also painted a caricature of the man behind Europe's monetary policy: