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All Quiet On The Eurasian Front

What’s left for the Empire of Chaos in the Eurasian front is the wishful thinking of attempting to encircle both Russia and China, while both keep actually expanding all across the Eurasian Heartland, shedding US dollars and buying gold, signing a flurry of contracts in yuan and selling oil and gas to all and sundry.

Steve H. Hanke's picture

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

Over the weekend, the New York Times reported that WikiLeaks transcripts suggested that the International Monetary Fund (I.M.F.) had discussed the possibility of hatching nefarious plots against Greece. Immediately, Prime Minister Alexis Tsipras accused the I.M.F. of trying to “politically destabilize Europe.”

NATO: Worse Than "Obsolete" - It's A Crony Capitalist's Dream

NATO isn’t just an expensive luxury of the sort we can no longer afford – it is a tripwire that could be set off by a minor border conflict involving Moldova, the status of Kaliningrad, or – more likely – another round of hostilities in Ukraine. Would we start World War III in defense of the oligarchs of Kiev? I wouldn’t put it past them. With his plan – or, rather, inclination – to abandon the old NATO and replace it with some sort of multilateral counterterrorist operation, and his insistence that our “allies” pay up, Trump is forcing an issue onto the stage that hasn’t been seen since the days of Bob Taft.

Europe Continues To Court "Prince In Brussels" Erdogan

Erdogan has boasted that he is proud of boldly blackmailing EU leaders into paying him protection money. The nightmare scenario for a desperate EU is that no matter how much it bows to extortionist demands from Turkey, the migrant crisis will continue to grow.

Is Trump Right About NATO?

Trump is challenging the mindset of a foreign policy elite whose thinking is frozen in a world that disappeared around 1991. The era of the free rider is over.

EU, Turkey Strike Migrant Deal; Erdogan Gets €6 Billion

The migrant crisis is over and Europe is fixed. Turkish PM Ahmet Davutoglu was in Brussels on Friday in an effort to hammer out a deal with EU officials that will help stem the flow of asylum seekers into Western Europe. As it turns out, eurocrats aren't very good at negotiating with an autocrat's messenger, which is why Europe came away with a set of promises that are impossible to enforce and Erdogan got €6 billion plus accelerated EU membership.

A Coherent Explanation of Obama's Foreign Policy

Obama has been carrying out a bipartisan Republican-and-Democratic foreign policy; it’s the policy of America’s aristocracy. Its results have been horrible for the world, but they’ll be even worse if it succeeds.

"We Can Put Refugees On Buses": Leaked Memo Shows Erdogan Blackmailed Europe For Billions

Turkish President Recep Tayyip Erdogan's bullying isn’t confined to his domestic political agenda. Greek media has obtained an internal memo which suggests the Turkish strongman effectively blackmailed the EU by demanding cash payments in exchange for efforts to curb the flow of migrants into Western Europe "So how will you deal with the refugees if you don't get a deal? Kill them?"

Trader Psychology Is Reversing, Scotiabank Warns Market Is "Ripe For Volatility Spikes"

Market psychology established in recent years is reversing. Market volatility is rising and will remain pervasive for a while as psychology, the change in direction of Fed policy, and the increases in general uncertainties, will all conspire to shape an environment ripe for sharp spikes in volatility which will be further amplified by rickety market liquidity.

15 News Stories From 2015 You Should Have Heard About But Probably Didn't

In 2015, the iron fist of power clamped down on humanity, from warfare to terrorism to surveillance, police brutality, and corporate hegemony. The environment was repeatedly decimated, the health of citizens was constantly put at risk, and the justice system and media alike were perverted to serve the interests of the powers that be. However, while 2015 was discouraging for more reasons than most of us can count, many of the year’s most underreported stories evidence not only a widespread pattern that explicitly reveals the nature of power, but pushback from human beings worldwide on a path toward a better world.

The After-Christmas Hangover: Why There Is No Peace On Earth

101 years after the Christmas truces along the Western Front there is still no peace on earth. And the long suffering American taxpayers, who foot the massive bills generated by the War Party’s demented and destructive policies, have no clue that Imperial Washington is the principal reason.