Europe

Authored by Eric Zuesse,

On May 7th, Deutsche Wirtschafts Nachrichten, or German Economic News, headlined, "USA planen mit TTIP Frontal-Angriff auf Gerichte in Europa” or “U.S. Plans Frontal Attack on Europe’s Courts via TTIP,” and reported that, “America’s urgency to sign TTIP with Europe has solid reason: Megabanks must protect themselves from claims by European investors who allege that they were cheated during the debt crisis. … The U.S. Ambassador to Italy has now let the cat out of the bag on this — probably unintentionally.”

In his latest must read presentation, Citigroup's Matt King continues to expose - and be very concerned by - the increasing helplessness (and cluelessness) of central bankers, something this website has done since 2009, fully aware how it all ends.

Take Matt King's September 2015 piece in which he warned that one of the most serious problems facing the world is that we may have hit its debt ceiling beyond which any debt creation is merely pushing on a string leading to slower growth and further deflation.

Submitted by by Erico Matias Tavares via Sinclair & Co.,

On 23 June the British will vote in a referendum to decide whether their country should remain in or leave (BREXIT) the European Union (EU). The importance of this event cannot be overstated, since it will impact the future of the UK – and very likely that of Europe – for decades to come.

Former NATO Supreme Allied Commander General Wesley Clark expects the U.S. to retaliate against Russia in case of a nuclear war in Europe. The four star retired General of the United States Army, told CNN that if Russia attacked hypothetically “say, Warsaw,” then “Putin-dominated” Russia should expect a retaliation. “We’re going to play back then,” he said. The Russians are fearful of NATO expansion eastwards encroaching into their sphere of influence.

Submitted by Mike Shedlock via MishTalk.com,

Pretending Period is Over

The refugee crisis in Europe got more interesting this week.

Within hours of Brussels giving the green light on Merkel’s ill-advised deal with Turkey, Turkish president Recep Tayyip Erdogan sacked sacked Ahmet Davutoglu, the prime minister who negotiated the deal with German chancellor Angela Merkel.

For details see EU Approves Deal With Turkey (Then All Hell Breaks Loose).