Šoti vasakpoolsed natsionalistid tahavad Šotimaast kreekasarnast EL-i kolooniat teha

Scottish left nationalists want to turn Scotland into a EU colony like Greece

Scottish independence: Nicola Sturgeon to seek second referendum

Nicola Sturgeon has confirmed she will ask for permission to hold a second referendum on Scottish independence.

Ms Sturgeon said she wanted a vote to be held between the autumn of 2018 and the spring of the following year.

That would coincide with the expected conclusion of the UK’s Brexit negotiations.

The Scottish first minister said the move was needed to protect Scottish interests in the wake of the UK voting to leave the EU.

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Trump Saltmining Inc.

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Neoliberalism

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Poland warns of disunity across the EU after Donald Tusk re-elected European Council president

Poland warns of disunity across the EU after Donald Tusk re-elected European Council president

Donald Tusk has been reelected president of the European Council, angering the right-wing government of his native Poland and triggering a bitter dispute between Warsaw and Brussels.

The head of Poland’s ruling Eurosceptic Law and Justice party (PiS) seized on his re-election to attack the EU for being “dominated by Germany” and accused the bloc’s leaders of breaking rules to force through his appointment.

Jaroslaw Kaczynski denied the row would prompt Poland to consider leaving the EU, but said: “The rule that high-ranking officials should have the backing of their country was broken.”

Polish Foreign Minister Witold Waszczykowski told news site wPolityce.pl: “A very dangerous European relationship is being born — a toxic relationship that could harm many states.

“We know now that it is a union under Berlin’s diktat.”

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Trump on keeldunud Reagani majanduspoliitikast

18:30 See on  väga hea point Tucker Carlsonil: Trump has rejected Reaganism, he is not a free market guy. People behind Trump are very sceptical of market capitalism. The reason they are sceptical is, It hasn’t served the middle class.

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Head rahvusvahelist naistepäeva

Täna on rahvusvaheline naistepäev. Täna on sobiv mõelda väljapaistvatele ja vapratele naistele.

 

 

 

 

Terror and unemployment fears grip France as Marine Le Pen storms ahead in new poll

A new poll taken between March 2nd and 4th put Marine Le Pen out in front with 26.5 percent, Macron second with 25.5, Fillon at 18.5, and Hamon 14.

The survey of 1,822 registrants on the electoral roll over the age of 18 was taken this week and shows that Le Pen’s rhetoric is on the money.

The fight against unemployment is by far the biggest challenge for any presidential candidate with 55 per cent of those questioned saying it’s a major issue.

I’m with her

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Kohutav, Taani kannatab täistööhõive ja tõusvate palkade käes

Häda on selles, et Taani kannatab täistööhõive käes. Kui nii edasi läheb ja praegused rassistlikud ning immigratsioonivastased meeleolud jätkuvad, siis võib see juhtuda teisteski Euroopa riikides. Ja mõtle, kui rassistid USAs illegaalse immigratsiooni lõpetavad, siis võib sealgi täistööhõive saabuda?

Danish Companies Seek to Hire, but Everyone’s Already Working

…After a painful recession, unemployment is now at 4.3 percent, which is about as low as it can go without provoking inflation. During an economic boom a decade ago, joblessness fell as low as 2.4 percent, igniting an unsustainable spiral of higher wages and prices that the government desperately wants to avoid today.

Growth is still relatively modest — the economy expanded an annualized 1.2 percent last year despite the hiring frenzy. But in many sectors, the demand for workers has risen so fast that economists are warning that the recovery may hit a wall.

“It’s hard to see higher growth because we don’t have the labor needed for that,” said Steen Nielsen, the director of labor market policy at the Confederation of Danish Industry, the country’s main business lobby group. “We may have to be happy with low growth rates in the future unless we can stimulate labor supply.”…

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Euro saatus otsustatakse tõenäoliselt Itaalias

Why the election timetable favours the Five Star Movement in Italy

For people who want radical change in Europe, seeing both Wilders polling first and getting defeated and then Le Pen polling first and getting defeated is going to make you feel like the system is ‘rigged’. If you are an eligible voter in Italy who wants to overthrow the status quo and you see Wilders and Le Pen fail even after polling first, that’s going to give you a big incentive to make sure you vote for Five Star because — in Italy — Five Star will definitely wield power if it comes first. I haven’t seen any scenarios in which the Five Star Movement wins the popular vote and doesn’t at least have a powerful voice in shaping how Italy moves forward.

So while everyone is focused on Le Pen and France, they really should be focused on Five Star and Italy, because Italy is where the future of the euro will be decided – economically and politically.

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Vasakpoolsed julgevad ainult Merkeli selja taga rääkida

Selles ei ole midagi progressiivset, et näiteks poolakad UK-sse tööle suunduvad ja kümnekesi ühes korteris elavad. Sellele vastu olemises pole mitte midagi rassistlikku ega ksenofoobset. Ükskõik millise progressiivse retoorika taha ennast regressiivne vasakpoolsus ei peida, on nende kavatsused läbinähtavad. EL on vasakpoolsete TINA.

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The European Union Trembles

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Any nation that cannot draw on its Reserve Bank for money but goes into market to compete with private sector is a colony: Prof Wynne Godley

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Varoufakis on tüüpiline vasakpoolne totu

YANIS VAROUFAKIS: Trump is risking a US debt crisis with ‘skyrocketing deficits’

“My great concern with Donald Trump is that his economic pronouncements don’t square up,” Varoufakis said in an interview with Bloomberg TV’s Guy Johnson.

Varoufakis said Trump’s proposed $1 trillion (£830 billion) government spending plan “is unfunded and will lead to skyrocketing deficits if he succeeds with all the tax cuts he wants to push through.”

At the same time, diplomatic tensions could lead China to sell its holdings of US Treasurys, pushing up bond yields and making it more expensive for Trump to fund the plan by borrowing on the international capital market.

It’s a sequence that echoes the European debt crisis, which started in 2010 when investors lost confidence in the ability of Greece and other southern European countries to fund government spending and pay back their national debt. That led to higher government borrowing costs, a series of banking crises, and sharp cuts in spending and economic growth.

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Real Progressives LIVE with L Randall Wray – MMT and Debunking AMI: Positive Money

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Ted Malloch: The US view of European integration

Ted Malloch: The US view of European integration

Exclusive: President Trump’s new administration has made it clear that the US is no longer interested in the EU’s integrationist ‘ever closer union’, writes Ted Malloch, the man tipped to be next US ambassador to the EU.

 

….US interests are further undermined by the EU’s many inherent internal contradictions – social, economic, and politically which undermine US beliefs and interests.

Chief among them are the Euro, a flawed common currency. The Euro offers little insulation from economic shocks and relies on fiscal transfers at the EU level to iron out economic imbalances. These are many. This equates to papering over cracks in the EU’s component economies.

It has also, as demonstrated by former World Bank, chief economist, Joseph Stieglitz, (see: The Euro and Its Threat to Europe) tilted the tables toward the benefit of Germany. Germany’s current account surplus is a huge eight per cent of GDP, which imposes a deflationary bias on the entire Eurozone.

The basic fallacy of the neo-functionalist philosophy underlying the EU is the assumption that political integration can be achieved through economic integration. This is a mistaken assumption further aggravated by the forced pace of such integration.

The cure to Europe’s calamity is genuine democracy – government by the people not by unelected bureaucrats parading as experts. Members of the European Commission are not elected and are unaccountable to any parliament. Such a globalist elite and its attendant super structure is detached from the people and therefore entirely anti-European…..

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EU In Disintegration Mode

by Armstrong Economics

EU In Disintegration Mode

The EU leadership is really trying to make Great Britain pay dearly for voting to exit the Community. Like the socialists in America, it’s our way or no way. The left may call the right the “deplorables” but the left are the “intolerables” who refuse to ever consider they might be wrong.

The EU thinks that if they can make it so bad for Britain, nobody else will leave. They refuse to examine why there is rising discontent within Europe. They refuse to let go of this dream of a federalized Europe to eradicate national identities along with sovereign rights…..

…..The EU leaders have nothing to say about the criticisms. They have no clear statement to challenge what is going on. The regulatory nightmare and outright rage that is rising among the people is simply ignored by Brussels. The legal uncertainty with the British exit on the banking system is something nobody even wants to speculate about. How do bail-ins work in Europe if abandoned in Britain? So while the EU thinks by punishing Britain they will discourage others from leaving, they are seriously mistaken. The dream of the EU is dead. It should have remained just a trade union – that was it…..

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Costas Lapavitsas speech at the Euro PlanB conference “Alternatives to the Europe of austerity”

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Why governments should run deficits

by Lars Syll

Why governments should run deficits

Lynn Parramore: Do you think there are lessons in what has happened in the Eurozone for students of economics and the way the subject is taught?

darling-let-s-get-deeply-into-debtMario Seccareccia: Yes, indeed. Ever since the establishment of the modern nation-state in the late eighteenth and nineteenth centuries, the creation of the euro was perhaps the first significant experiment in modern times in which there was an attempt to separate money from the state, that is, to denationalize currency, as some right-wing ideologues and founders of modern neoliberalism, such as Friedrich von Hayek, had defended. What the Eurozone crisis teaches is that this perception of how the monetary system works is quite wrong, because, in times of crisis, the democratic state must be able to spend money in order to meet its obligations to its citizens. The denationalization or “supra-nationalization” of money with the establishment that happened in the Eurozone took away from elected national governments the capacity to meaningfully manage their economies. Unless governments in the Eurozone are able to renegotiate a significant control and access money from their own central banks, the system will be continually plagued with crisis and will probably collapse in the longer term.

Lynn Parramore

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These people are not capable of launching a revolution, nor would they want to see the consequences.

Antifa

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Marine Le Pen (future is female :) )

This poll shows why Marine Le Pen stands a very good chance of winning the French election

Ma olen kuulanud Marine Le Peni euro teemal kriitiliselt rääkimas ja kirjutaksin ise alla sellele jutule. Mis puudutab väiteid, et partei on paremäärmuslik, siis see on seotud eelkõige minevikuga ja tema isaga selles parteis.  Ma ütleksin, et Rahvuslikust Rindest on saamas/saanud mõõdukalt rahvuslik partei täna ja seda tänu Marine Le Pen’ile. Äärmuslasteks, rassistideks ja natsideks, kes maailma õhku lasevad, neid minu meelest nimetada ei saa. Samuti ei ole Le Pen mingi fanaatik, kes piirid sulgeks ja ülejäänud maailmaga mingit tegemist ei teeks. Muidugi euromeelsed kujutavad teda äärmusliku natsionalistina. Le Pen ütleb minu meelest õigesti, et poliitikas ei võitle parempoolsed vasakpoolsete vastu, vaid globalistid patriootide vastu. Loodan, et Le Pen saab Prantsusmaa presidendiks ja eurole tehakse lõpp. Kuidagi ratsionaalselt arutledes või poliitilisi debatte pidades selle tulemuseni ei jõua.

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Kas pole irooniline?

“There’s A Global Riot Against Psuedo-Experts” Nassim Taleb Exclaims “This Is Not About Fascism”

Nassim Taleb räägib pseudoekspertidest, aga ta ise kuulub nende hulka. MMT fännid peaksid seda mäletama:

Nassim Taleb: “Every single human should short U.S. Treasury bonds”

 

Nassim Nicholas Taleb: Short US Treasury Bonds

Nassim Nicholas Taleb advised shorting US Treasury bonds will decline. It’s ‘a no brainer’ to sell short Treasuries, Taleb said at a conference in Moscow today. ‘Every single human being should have that trade.’

‘Deficits are like dynamite in the hands of children,’ Taleb said in an interview with Bloomberg Television. ‘They can get out of control very quickly.’ Taleb thinks that we are worse than we were in 2009, ‘The problem we have in the United States, the level of debt is still very high and being converted to government debt. We are worse-off today than we were last year, in the United States and in Europe you have fewer people employed and a larger amount of debt.’

Nassim Taleb warned that democracies may even face some challenges in the near future, ‘democracies can’t handle austerity measures very well,’ Taleb added. ‘We are going to have a severe problem.’

 

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MMT ja Jaapani võlakirjaturg

More fun in Japanese bond markets

The Japanese bond market has been very interesting in the last week proving yet again that private bond markets cannot set yields on government bonds if the government does want then too. Next time you hear some mainstream economist claiming a currency issuing government is running deficits at the will of the investors (read bond markets) politely tell them they are clueless. Japanese once again provides the real world Modern Monetary Theory (MMT) laboratory – every day it substantiates the underlying insights contained within MMT and refutes the core mainstream propositions. The financial media referred to the Bank of Japan as putting a whipsaw to the bond markets, which in context means that the BoJ is forcing the ‘markets’ into confusion (Source). The bond markets have misinterpreted recent Bank of Japan conduct in the JGB markets (less purchases than expected, and even missing a scheduled buy up) as a sign that the Bank was weakening on its QQE commitment from last September that it would hold the 10-year JGB yield to zero and thereby allow the longer investment rates to fall. Why they doubted that commitment is another matter but within a few days over the last week the Bank demonstrated that: (a) it remains committed to that target; and (b) it has all the financial clout it needs to enforce it; and (c) the bond market investors do not call the shots.

Ma saan muidugi aru, miks MMT võib mitte meeldida. Praegu prevaleeriv on selline moraali mäng, et valitsus peaks õnnelik olema, et ma talle raha laenasin. MMT: valitsus teeb sulle teene intressi makstes.

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Rabble rouser who could be the next nail in EU’s coffin: Geert Wilders is the virulently anti-Islam Dutch politician

Rabble rouser who could be the next nail in EU’s coffin: Geert Wilders is the virulently anti-Islam Dutch politician

…Even a senior policeman told me the other day that 60 per cent of his officers will vote for the Freedom Party. They are not racists. They know what it’s like in the real world working with the day-to-day consequences of open borders and uncontrolled immigration.

The white political elite, who defend a multicultural Holland, have no idea what’s going on…..

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Itaalia…. vaikus enne tormi

Kui Itaaliat vaadata, siis võiks öelda, et see on vaikus enne tormi. Euroskeptikud võtavad varsti üle Itaalia. Ainus, mis praegu puudu on, on ennetähtaegsed valimised.

Lähiminevikus oli Itaalias referendum, mis kukkus läbi ja Renzi astus tagasi. Mille üle see referendum täpselt oli, ei ole siinkohal isegi mitte väga tähtis. Itaalia president Sergio Matarella määras peaministriks  Paolo Gentiloni. President teatas siis, et enne ei korralda ennetähtaegseid valimisi, kui erimeelsused kohtade jaotuse osas alamkojas lahenevad. Neil on kahekojaline parlament Itaalias.              A SHORT GUIDE TO THEITALIAN POLITICAL SYSTEM

See küsimus on lahenduse leidnud tänaseks. Renzi tahab valimisi juunis, Beppe Grillo nii kiiresti kui võimalik. Renzi paistab kartvat, et tema partei hülgab ta. Berlusconi mõisteti süüdi maksupettuses ja tema peaministriks kandideerida ei saa kuni 2018, tema ei taha ennetähtaegseid valimisi. Beppe Grillo loodab võita, kuigi ta ise ei kavatse peaministriks saada.

Beppe Grillo: “The Amateurs Are Conquering The World Because The ‘Experts’ Destroyed It”

Korrapärased valimised peaksid Itaalias toimuma 2018. Nüüd on asi presidendis, surve ennetähtaegseteks valimisteks on olemas.

Opinion polling for the next Italian general election

Renzi partei ei ole väga ühtne ja kuulda on, et üks osa on vastu ennetähtaegsetele valimistele. Asi ei ole minu meelest isegi mitte ennetähtaegsetes valimistes. Tundub, et Grillot nad ei peata. Itaalia establishment ei ole ka väga ühtne. Jutud, et keegi ei tee viietähtedega koostööd, paistavad ka üha rohkem muinasjuttudena.

Muidugi ei tähenda see kõik, et automaatselt eurost loobumine tuleks vms. Rahvas võib referendumil euro poolt olla jne.

 

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Trump….

 

Mitte ükski poliitik peale Trumpi ei oleks midagi niisugust julgenud ette võtta.

https://ftalphaville-cdn.ft.com/wp-content/uploads/2017/02/02104940/McHenry-letter-to-Yellen.pdf

I am writing regarding the Federal Reserve’s continued participation in international forums on financial regulation. Despite the clear message delivered by President Donald Trump in prioritizing America’s interest in international negotiations, it appears that the Federal Reserve continues negotiating international regulatory standards for financial institutions among global bureaucrats in foreign lands without transparency, accountability, or the authority to do so.

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Varoufakis: kuberneriks hakkan ma

Mul meenub seoses Varoufakisega multifilm lapsepõlvest. Seal oli Ivan, kes istus ahju otsas ja teatas, et tema hakkab kuberneriks. Varoufakis räägib üsna õigesti, et mis euro või praeguse EL.i probleem on. Aga tema lahendus on selline, et tuleb New Deal programm käivitada Euroopas ja ilma föderatsioonita, kuigi föderatsiooniga oleks ikka parem nagu küll, aga seda kahjuks pole. Edasi palju ilusat udu rohelisest energiast  jne    🙂   Ei taha tema fänne solvata, aga “not my cup of tea”. Midagi “on ära” neil vasakpoolsetel unistajatel minu jaoks.

A New Deal to Save Europe

…Unlike Franklin Delano Roosevelt’s original New Deal in the 1930s, a European New Deal must be realized without the tools of a functioning federation, relying instead on the EU’s existing institutions. Otherwise, Europe’s disintegration will accelerate, leaving nothing in its wake to federate.

The European New Deal should include five precise goals and the means to achieve them under existing EU treaties, without any centralization of power in Brussels or further loss of sovereignty:

· Large-scale green investment will be funded by a partnership between Europe’s public investment banks (the European Investment Bank, KfW, and others) and central banks….

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