“Those who are not willing to learn German, who do not want to be part of the labor market, who are not ready to attend an integration course, will face social benefits cuts,."
Over the short run, markets respond to myths. Investors are ready to believe almost anything... for a while. But over the long run, there is reality. No matter how badly investors want asset prices to go up, they don’t always comply. Greenspan, Bernanke, and Yellen are, after all, only human. They respond to myths as much as anyone... maybe more.
The Great War ended on the 11th hour of November 11th, 1918, when the signed armistice came into effect. Though this peace would signal the end of the war, it would also help lead to a series of further destruction: this time the destruction of wealth and savings. The world’s most famous hyperinflation event, which took place in Germany from 1921 and 1924, was a financial calamity that led millions of people to have their savings erased.
The Muslim population of France reached 6.5 million in 2015, or around 10% of the overall population of 66 million. In real terms, France has the largest Muslim population in the European Union, just above Germany... "Those who denounce the illegal behavior of fundamentalists are more likely to be sued than the fundamentalists who behave illegally."
"There is hope of more stimulus in March and potential for even more stimulus in Japan and China, so if we get concrete positive economic news the rebound could last into next week,” said John Plassard, senior equity- sales trader at Mirabaud Securities. “I told my clients to fasten their seatbelts and wait for better news, and this is finally happening."... "The turnaround in sentiment came amid signs central banks may be prepared to act after $7.8 trillion was erased from the value of global equities this year on China’s slowdown and oil’s crash."
"Your politics sacrifice our traditions and values for a multicultural utopia. Identity is valuable and we are becoming aware of it again."
"China will exert a negative influence on the rest of the world by reinforcing the deflationary tendencies that are already prevalent. China is responsible for a larger share of the world economy than ever before and the problems it faces have never been more intractable...the EU is on the verge of collapse. The Greek crisis taught the European authorities the art of kicking the can down the road, although it would be more accurate to describe it as kicking a ball uphill so that it keeps rolling back down. The EU now is confronted with not one but five or six crises at the same time."
Hitler came to power for a number of documented reasons, some of which are rational, others of which are emotional. Either way, the world continues to question how a vicious madman could rise to power in Germany during this time, most of all the German people who, to this day, will do almost anything to prevent another authoritarian movement.
In the end we all know that “informal central bank cooperation” doesn’t really amount to anything. That lesson could be applied to the Bundesbank “selling dollars” in 1969, the PBOC “selling UST’s” in 2015 or the worthless, useless Federal Reserve RRP in 2016. They really don’t know what they are doing, they never have and it truly doesn’t matter fixed or floating. Adjust accordingly because we know how this ends; we’ve already seen it.
China’s devaluation will be just the tip of the iceberg as every fiat currency in the world derives a portion of its value based on where the US Dollar trades. What’s happening in China will be rippling throughout the system taking down entire countries/ currencies/ and stock markets.
News broke last Saturday evening that the US is to conduct a "major investigation" into how the Kremlin is "infiltrating political parties in Europe" amid "mounting concerns" of a new Cold War. The exclusive, which was published by the UK’s Telegraph newspaper, revealed that James Clapper, the US Director of National Intelligence has been instructed by Congress to begin the major review into Russia’s "clandestine" funding of EU parties over the last decade. Hypocritical? Oh, let us count the ways...