Global Meltdown

Charles Michel

Deindustrialization Of Europe

The energy crisis has proved to be a serious challenge for the strength of the European economy. Record high gas prices in 2022 hurt the competitiveness of European industries and forced them to look for more suitable conditions to work in. Simultaneously with the crisis in the Old World, an anti-inflation law was passed across the Atlantic, containing generous subsidies for companies willing to develop a green economy.

China economy

China’s Economy Is On A Rebound

China’s economic data for the year 2022 has been released in Beijing on Tuesday. The striking part is that China’s GDP growth slowed down to 3 percent. From an Indian perspective, it may seem momentarily that China’s economy is slowing while India’s expanded by nearly 7 percent (per World Bank […]

ICJ

Imperialist Justice Is Crumbling

Since the dissolution of the Soviet Union, the West has used international courts and the U.S. justice system to impose its law. They convict those they fight and never try their own criminals. This conception of justice has become the absolute example of their double standards. Yet the weakening of […]

Energy poker

Sharper’s Victims In The Energy Poker

The long-suffering negotiations on enforcing price caps for Russian oil have stalled. The EU, in conjunction with the G7, is discussing a price cap of $65-70 per barrel, which is even higher than the current quotations of the Russian Urals crude. But the greed of European states has traditionally played […]

European industry

U.S. Deprives Europe Of Industry And Personnel

The U.S. is luring in European businesses that cannot exist in the energy crisis. Washington has even legitimized this process. Germany and France are trying to resist. Who will win in this unfolding confrontation between Europe and the New World? Washington has never concealed its economic claims on Europe. Earlier, […]

Bank of England

The Bond Vigilantes Get Busy

While the levels of schadenfreude will be going through the roof given the unfolding farce in British politics, the resignation of Liz Truss as UK Prime Minister was troubling in one vital respect.  True, her juvenile salad understanding of economics, which involved spending billions on tax cuts and energy subsidies, […]