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For Russia & China, It's "Accept American Hegemony" Or "Go To War"

Authored by Paul Craig Roberts,

Somnolent Europe, Russia, and China - Can the world wake up?

On September 19, 2000, going on 16 years ago, Ambrose Evans-Pritchard of the London Telegraph reported:

“Declassified American government documents show that the US intelligence community ran a campaign in the Fifties and Sixties to build momentum for a united Europe. It funded and directed the European federalist movement.

 

According To Deutsche Bank, The "Worst Kind Of Recession" May Have Already Started

According To Deutsche Bank, The "Worst Kind Of Recession" May Have Already Started

One week ago, Deutsche Bank's Dominic Konstam unveiled, whether he likes it or not, what the next all too likely step will be as central bankers scramble to preserve order in a world in which monetary policy has all but lost effectiveness: "It is becoming increasingly clear to us that the level of yields at which credit expansion in Europe and Japan will pick up in earnest is probably negative, and substantially so. Therefore, the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes."

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