The successful completion of the Balkan Silk Road would lead to a significant sum of European trade being profitably redirected towards China and other booming non-Western locations like India and Ethiopia. The US fears losing its position as the EU’s top trading partner, knowing that the slippery strategic slope that could soon follow might lead to the rapid unraveling of its hegemonic control. The inevitable New Cold War clash that this represents and the extraordinarily high stakes that are involved mean that the Balkans will remain one of the main flashpoints in this dangerous proxy struggle, despite the hierarchical switch of its multipolar protagonists.
The U.S. is, in fact, Europe’s enemy - not merely Russia’s enemy. Not merely the truth’s enemy. Not merely democracy’s enemy.
Between the French (Interior Minister Cazeneuve: "we're face with a new kind of terrorism", and Hungary (PM Orban: "allowing people into our own back yard" who may then commit acts of terrorism was irresponsible), AP reports that the EU's founding treaty with regard to passport-free travel - the so-called Schengen Agreement - is to be reformed. "We want Europe, which has lost too much time on a certain number of questions, to note the urgency and take decisions today," exclaimed Cazeneuve, with Orban adding "the founding treaty is currently an obstacle to this and I believe it needs to be reconsidered." According to Cazeneuve, the reforms will happen by year-end.
- French, U.S. Troops Enter Mali Hotel as Gunmen Hold Hostages (BBG)
- Top suspect seen on CCTV in metro during Paris attacks (Reuters)
- Paris Attacks’ Alleged Ringleader, Now Dead, Had Slipped Into Europe Unchecked (WSJ)
- Global shares march on as alarm bells ring for metals (Reuters)
- European Stocks Rise With Asian Shares as Zinc, Ringgit Advance (BBG)
- World leaders arrive for summit amid heavy security (Reuters)
At the core of global power stands the conflict between the Sauds (and their Sunni clergy) and the Iranians (and their Shiite clergy). One can’t understand U.S.-Russian relations, nor much else of what is happening in the world, without knowing the relevant historical background; and the origins and nature of the Sunni war against Shiia are arguably the most essential part of that to comprehend just how the United States came to back the Sunnis, and how Russia came to back the Shiites, in this war.
The European Union Is Disintegrating: Austria Builds New Fence; Germany, Sweden Resume Border ChecksSubmitted by Tyler Durden on 11/13/2015 14:20 -0400
In the latest from Europe's border battles, Austria has responded to Slovenia by building its own version of an anti-migrant fence while Sweden has began checking trains coming from Denmark and removing anyone without the proper papers. Saving Schengen truly is a "race against time."
With winter looming, some European states are warning that a humanitarian crisis may be right around the corner as the proliferation of anti-migrant fences and border controls has slowed refugees on their trek to Germany. Now, hundreds of thousands could end up stranded. Fearing a "catastrophe" on its soil, Slovenia has now built its own razor wire border barrier, a move Croatia calls "a waste of time."
Empires, like adolescents, think they’ll live forever. In geopolitics, as in biology, expiration dates are never visible. When death comes, it’s always a shock. "At the beginning of the great unraveling, in 2015, I was still a young man. Like everyone else, I didn’t see this coming. Today, in 2050, fewer and fewer people can recall what it was like to live among those leviathans... Thirty-five years and endless catastrophes later on a poorer, bleaker, less hospitable planet, it’s clear that we just weren’t paying sufficient attention. Had we been listening, we would have heard the termites. There, in the basement of our common home, they were eating the very foundations out from under us. Suddenly, before we knew quite what was happening, all that was solid had melted into air."
Considering the crises facing Europe, the question is no longer: Will the EU survive? It is Orban’s question: Will European civilization survive the century? If the mass migrations are not halted, the rise of nationalist regimes at the expense of Europe’s liberals and leftists is inevitable.
Once again, the two major macroeconomic announcements over the weekend came from China, where we first saw an unexpected, if still to be confirmed, increase in FX reserves, and then Chinese trade data once again disappointed tumbling by 6.9% while imports plunged 18.8%. So how did the market react? The Shanghai Composite Index rose for a fourth day and reached its highest since August 20because more bad data means more easing from the PBOC, and just to give what few investors are left the green light to come back into the pool, overnight Chinese brokers soared after Chinese IPOs returned after a 5 month hiatus. Elsewhere, Stocks and currencies in emerging markets slump on prospect of higher U.S. borrowing costs before year-end and after data underscored slowdown in Asia’s biggest economy. Euro strengthens.
The lasting legacy of the First World War has been the rationales and implementations of paternalist Big Government in the Western world, with its diminished recognition and respect for individual liberty, free association, freedom of competitive trade and exchange, reduced civil liberties and weakened impartial rule of law. From this has followed the regulating and redistributing State, which includes political control and manipulation of the monetary and banking systems to serve those in governmental power and others who feed at the trough of governmental largess. It is a legacy that will likely take another century to completely overcome and reverse, if we are able to devise a strategy for restoring the idea and ideal of a society of liberty.
"His name is perhaps the strongest example of those who support anything that weakens nation states, they support everything that changes the traditional European lifestyle. These activists who support immigrants inadvertently become part of this international human-smuggling network."
With winter rapidly approaching, Europe has yet to develop a viable plan to provide shelter for the hundreds of thousands of refugees fleeing the war-torn Mid-East. If the bloc doesn't act soon, tens of thousands of families could end up freezing to death on the way to Germany.
After decades of berating Americans for their Constitutionally protected right to bear arms, Europeans are finally starting to wake up. It took over a million Islamic immigrants and violence across their union to convince them, but it appears that they finally get it. Despite how hard it is to attain these weapons in countries like Austria, firearms are currently being sold there in record numbers much like they are in the United States. But instead of the threat of confiscation, this trend is being fueled by the refugee crisis, which as one jounalist warned "something is very wrong here" if Austrians are buying guns to protect themselves against migrants.