Anger over a wave of sexual assaults that occurred across the EU on New Year’s Eve reached a boiling point in Germany on Saturday when some 1,700 people attended a rally organized by the anti-Muslim PEGIDA movement.
Germany are considering banning US Republican presidential candidate Donald Trump from entering the country, following in the footsteps of the UK who are going to debate a ban in the Houses of Parliament later this month. Dieter Janecek of the Green Party says that Trump’s latest tweets in which he blamed migrants from the Middle East for the attacks in Cologne on New Year’s Eve is fuelling hatred against minorities and refugees, and could constitute a criminal offence of inciting hatred.
Adolf Hitler’s genocidal vision for a pure Aryan race has been resurrected in book-form for the first time in 70 years. Hitler’s Mein Kampf is a 1925 book outlining the future German Fuhrer’s vision for a world free from global Jewish and communist conspiracies. It allowed the rising star of Germany to get a foothold in the establishment during the 1920’s by voicing his concerns and grievances against what he perceived to be threats to Germany.
On Thursday, we got what appears to be confirmation that the “hundreds” of suspects involved in a series of sexual assaults on German women were largely of Arab origin. According to German media, many of the men were asylum seekers who had recently entered the country from the war-torn Mid-East.
The assaults occurred in the city center in Cologne, where eyewitnesses and victims say groups of marauding New Year’s revelers accosted women, in some instances making off with their belongings. Attacks were also reported in Hamburg, and Stuttgart.
When we previewed yesterday's Chinese trading session, which far more important to the US market than today's Nonfarm payrolls report (Exp. +200K, 4.9% Unemployment rate), we said to "keep an eye on the Yuan fixing around 8 pm: if the USDCNY sees another substantial jump (i.e., Yuan decline) from last night's 5 year low rate of 6.5646, this could suggest further turbulence and as all self-fulfilling prophecies go, unleash another pukefest which not even the circuit breaker adjustment will fix.