It’s Derivatives, Stupid!

What started with a relatively small bank in California and was supposed to be no threat to the financial system, has expanded to a “systemic relevant” institution such as Credit Suisse, proving to be exactly what we had warned of: a precursor of the global financial collapse (cf. SAS 11/23). Aggravated by 15 years of money pumping, the overall debt […]

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Switzerland Gets a Second Chance, After Failing Ten Years Ago

Is it nemesis that Switzerland, which nearly introduced bank separation legislation a few years ago, is now hit by a financial collapse, which could have been avoided. In Sept. 2009, Swatch founder Nicholas Hayek convinced the leader of the Swiss People’s Party, Christoph Blocher and the leader of the Social Democratic Party, Christian Levrat to jointly sponsor legislation to prevent […]

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Xi-Putin Summit Has the West Very Nervous

Even before Chinese President Xi Jinping landed in Moscow on March 20 for a three day state visit, the Biden Administration had announced they would reject whatever proposals came out of their discussions. National Security Council spokesman John Kirby complained to Fox News on the day before that both China and Russia “are chafing against this international rules-based order…. They […]

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Europe Rocked by Growing Social Protests

Throughout Europe, from North to South, protests are growing against the established parties. Specific grievances may vary from country to country, but the common denominator is the rejection of the current neo-liberal order, which has brought economic destruction, brutal social cuts and war, as the following examples show. France: Macron Saves His Skin, for Now. The situation is perhaps the […]

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The West’s Glaring Double Standards on Display in ICC Indictment of President Putin on Eve of Iraq War Anniversary

The indictment of Russian President Putin on March 17 by the International Criminal Court (ICC) provides more evidence that the effort by western governments to use the war in Ukraine to destroy Russia is a project run by arrogant elitists, with no contact with the real world.  The announcement, made by ICC chief prosecutor Karim Ahmad Khan, a British attorney, […]

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A “Tectonic Shift” Is Underway Worldwide: Reserve the Date of April 15 for a Schiller Institute Conference!

“Without the Development of All Nations, There Can Be No Lasting Peace for the Planet”, is the theme of the international online conference the Schiller Institute will hold on Saturday, April 15, 2023, from 16.00 to 23 CET, featuring speakers from around the world. Just over one year after the Russian military operation was launched in Ukraine, it is very […]

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Precursors Are To Be Taken Seriously – Even on Wall Street

Over the past months, we have repeatedly warned that as soon as a large financial institution goes bust due to central bank monetary tightening, and threatens a systemic contagion, those very same central banks would throw the “fight against inflation” out the window, and resume liquidity pumping on an unprecedented scale. When the British Bond Crisis of 2022 hit last […]

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China Brokers Historic Agreement between Saudi Arabia and Iran

A stunning blow to the geopolitical “rules-based order” was delivered on March 10 with the announcement, from Beijing, of the resumption of diplomatic relations between Riyadh and Tehran. Representatives of the Kingdom of Saudi Arabia and the Islamic Republic of Iran announced that they would reestablish diplomatic ties no later than two months from now. This was done, as the […]

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