Germany

The New Battle Of Britain

Europeans are vanishing, as the peoples of the Maghreb and Middle East, South Asia and the sub-Sahara come to fill the empty spaces left by aging and dying Europeans whose nations once ruled them. Absent the restoration of border controls across Europe, and warships on permanent station in the Med, can the inexorable invasion be stopped? Or is “The Camp of the Saints” the future of Europe? An open question. But if the West is to survive as the unique civilization it has been, its nations must reassume control of their destinies and control of their borders. Britain ought not to go gentle into that good night the EU has prepared for her. And a great leap to freedom can be taken June 23.

Futures Flat, Gold Rises On Weaker Dollar As Traders Focus On OPEC, Payrolls

After yesterday's US and UK market holidays which resulted in a session of unchanged global stocks, US futures are largely where they left off Friday, up fractionally, and just under 2,100. Bonds fell as the Federal Reserve moves closer to raising interest rates amid signs inflation is picking up. Oil headed for its longest run of monthly gains in five years, while stocks declined in Europe.

"It's Unbearable" 50-Year-Old German Woman Rages "I Have Lost All My Trust In The State"

"I am almost 50 years old, I have a University degree, and was – out of love for nature – always a trusted voter for the Green Party. I never felt much interest for politics. In Germany everything seemed to always go its natural regular course. I had trusted our parliamentary democracy, I thought our administration would hardly make mistakes, because it is controlled by the opposition. Never, absolutely never did I think that I would lose all my trust in the State. It’s unbearable that I am afraid of the future. Preferably I’d just like to leave. But I feel too old to leave Europe...I am – like most Europeans – damned to impotence as I see this invasion happen."

Switzerland's Gotthard Base Tunnel: Swiss Engineered, Foreign Made

We previously introduced the Gotthard Base Tunnel, the longest and deepest tunnel in the world. The 35 mile long tunnel which cuts underneath the Alps helps remove natural barriers to trade and tourism, and is undoubtedly a testament to Swiss precision engineering. However, as Bloomberg reports, the tunnel that was 17 years in the making and had workers on three shifts working around the clock to build, was built primarily by foreigners... with only 14 percent of the workers from Switzerland.

"An Unusual Number Of Known Unknowns" - These Are The Key Event Risks In June

In June there will be "an unusual number of known unknowns from several sources. June 2016 is a month in which the number of event risks is particularly high. In our baseline scenarios we do not see market upsets, but the potential is there: Japanese fiscal policy; meetings of the ECB, Fed and BoJ; new ECB policy implementation; a German Constitutional Court ruling; the UK referendum; elections in Spain; and a decision on the FTT are all thrown into the mix."

Why This Friday's Payrolls Report Could See A Big Miss

When the main economic event this week hits this Friday at 8:30 am EDT, when the BLS releases the May payrolls report, Wall Street consensus wil be expecting a 160,000 print, a number which will have a big impact on market expectations for a Fed rate hike at the June or July FOMC meeting. However, consensus may be disappointed for one reason: the Verizon strike could chop off as much as 35,000 workers from the headline payrolls print.

Global Stocks Unchanged; US Futures Rise Above 2,100 As Traders Celebrate Memorial Day

With the US closed for Memorial Day and UK markets also offline, overnight volumes have been weaker than normal on little newsflow. The main story remains the stronger USD which not only led to the lowest Yuan fixing since February 2011 but pushed the USDJPY as high as 111.50 overnight before paring gains. Europe’s Stoxx 600 is unchanged on poor volume, after earlier rising above the 200 DMA for the first time in 2016. US equity futures were 0.2%, or 4 points higher, currently resting just above 2,101 with the last trading day of May tomorrow expected to push the cash market over 2,100 as well.

The Global Bear Market In Freedom

Americans will be celebrating Memorial Day this weekend, to honor those who fought and died for the values they have traditionally cherished the most as a nation: life, liberty and the pursuit of happiness. The world has changed dramatically in recent decades. The geopolitical situation is much more complex, with rising powers challenging America's supremacy. The intractable war on terror seems interminable. Old foes appear to spring back to life even more powerful than before. And things at home look dicey in terms of politics and economics. As we reflect upon the ultimate sacrifice that others have made‎, it is an opportune moment to consider a very important question: is the US winning the fight for freedom?

Paul Craig Roberts: Killary Will Be The Last US President

It is entirely possible that the world is being led to destruction by nothing more than the greed of the US military-security complex. Delighted that the reckless Obama regime has resurrected the Cold War, thus providing a more convincing “enemy” than the hoax terrorist one, the “Russian threat” has been restored to its 20th century role of providing a justification for bleeding the American taxpayer, social services, and the US economy dry in behalf of profits for armament manufacturers. Previous US presidents worked to defuse tensions. The Obama regime has inflated tensions with lies and reckless provocations, which makes it far more likely that the new Cold War will turn hot. If Killary gains the White House, the world is unlikely to survive her first term.

UK To Stockpile Tanks, Heavy Equipment Close To Russia's Border

As if on cue, NATO made it even more explicit that its primary prerogative remains to provoke Russia into an offensive move, when over the weekend the Times reported that the British military may soon start stockpiling tanks and other heavy equipment in Eastern Europe as part of NATO's military beef up close to Russia's border. The decision may come at the upcoming NATO summit in Warsaw in July.

Germany's New "Integration Law"

After months of haggling, Germany's coalition government has agreed on a new "Integration Law" aimed at regulating the rights and responsibilities of asylum seekers in Germany. The main focus of the law is to encourage refugees to learn enough German to be able to find a job and help pay for their living expenses. Chancellor Angela Merkel has hailed the new law as a "milestone," but critics counter that the new law is a largely symbolic measure directed at reassuring German voters and blunting the rise of the anti-immigration Alternative for Germany party, accusing Merkel of "no longer being concerned about the interests of Germans and the future of their nation, the protection of their living environment and their cultural identity."

"This Is Not The America My Parents Immigrated To In 1957"

"'Hoffnung', the German word for ‘hope’, is my dad’s favorite word because it has carried him through many tribulations. Hope sustained him when the Nazis ripped him from his home. Hope lifted his spirits as a prisoner of war. Hope kept him alive when the Russians released him to the British, and he worked in a coal mine under terrible conditions near Scotland for a few years to pay off his “debt”. Hope is what brought him and his family to America for a better life. I just wonder if he would have left Austria if he knew that 57 years later his very own son would have no hope whatsoever for the America he was about to call home. So sorry, that’s just the way I feel right now, and for the past six months or so. Hoffnung ist tot."

Hedge Fund Billionaire Slams Democracy, Says The "Tyranny Of The Majority Is An Unhealthy Development"

In his latest letter to investors, OakTree Capital's Howard Marks goes political (slamming Trump's tariffs and Bernie's minimum wage machinations), shedding some blinding light on the economic reality of America, the dismal failure (and increasing impotence) of central bankers, and the ongoing "tryanny of the majority" warning that if everyone wants to tax-the-rich, soon there will be no rich to tax. As he concludes, short-term fixes simply cannot create wealth out of thin air (see Venezuela), as Churchill once said "for a nation to try to tax [or stimulate or devalue] itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."