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In "Watershed Moment" Merkel Says Germany Can No Longer Rely On America

One day after Donald Trump infuriated Angela Merkel and the rest of his G-7 peers, when the US president refused to endorse the Paris climate treaty, prompting the German chancellor to say  that “the whole discussion about climate has been difficult, or rather very unsatisfactory... here we have the situation that six members, or even seven if you want to add the EU, stand against one", Germany's prime minister made what many have dubbed, an "era-defining" statement.

Albert Edwards: "What On Earth Is Going On With US Wages"

Albert Edwards: "What On Earth Is Going On With US Wages"

When Albert Edwards predicted in late 2016 that a surge in wage inflation was imminent, we were confused by this prediction from the world's preeminent deflationist: after all, not only had not a single economic indicator validated a tighter labor market despite unemployment just above 4%, but as we have have repeatedly demonstrated what little wage inflation existed, was attributable to managerial-level, supervisory positions while the bulk of job creation remained with minimum-wage jobs, which have continued to see virtually no wage growth.

More Hard Conclusive Evidence That The US Government Is In A Conspiracy Against The American People

More Hard Conclusive Evidence That The US Government Is In A Conspiracy Against The American People

https://normsaysno.wordpress.com/2017/05/27/trump-administration-proposal-would-increase-university-dependence-on-foreign-students/

The post More Hard Conclusive Evidence That The US Government Is In A Conspiracy Against The American People appeared first on PaulCraigRoberts.org.

...And Now For The Bad News

...And Now For The Bad News

Authored by Simon Black via SovereignMan.com,

In the late 1760s and early 1770s, the government of France was in a deep panic.

They had recently suffered a disastrous and costly defeat in the Seven Years War, and the national budget was a complete mess.

France had spent most of the previous century as the world’s dominant superpower, and the government budget reflected that status.

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