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Is Professor Sinn worth listening to? Read more >>> Will France vote in a second Hollande Read more >>> The EU is not interested in holding referendums Read more >>> Ireland, Luxembourg, Belgium: how US companies can use Europe to cheat the US government and to have it pay them interest Read more >>> The European politicians who are likely to seize the reins of power may not have much to offer Read more >>>

Is Professor Sinn worth listening to?

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Hans Werner Sinn
photo Hans Werner Sinn / commons.wikimedia.org

A frustrated Harry Truman would often say, “Give me a one-handed economist. All my economists say, on the one hand…on the other.”1)The one-handed economist, The Economist 2003-11-13.

At present, too, the media are clearly in search for a man who holds strong views and they have surely found one in Hans Werner Sinn, professor emeritus, who has published and continues to publish an avalanche of texts, is frequently interviewed by the mass media and remains one of the renowned German economists.

He made himself famous formulating a hypothesis of a bazaar economy by means of which he attempted to clarify why the German national product is shrinking despite the fact that the country has been on top of the list of the exporting countries.2)Hans-Werner Sinn (2005): Die Basar-Ökonomie. Econ Verlag. ISBN 343018536X.His books, too, have made the headlines (e.g. Can Germany Be Saved? The Malaise of the World’s First Welfare State (2007) and The Green Paradox (2011))in which he voices his protest against the energy transition and advocates a policy of strict regulations regarding banks. In numerous interviews Sinn has taken a stance on politics, now giving support to the ruling class, now endorsing the opposition. For that matter he praised Agenda 2010.3)Die Agenda 2010 und die Armutsgefährdung.His statements and comments have since 2015 evoked such uneasiness among the ruling elites that finance minister Wolfgang Schäuble began to call him in private “Professor Nonsense”, while Angela Merkel broke off the relationship with him although he used to be a welcome guest in the chancellery.4)Der verbliebene unabhängige Denker, Internetkanzlei 2012-07-23.

References   [ + ]

1. The one-handed economist, The Economist 2003-11-13.
2. Hans-Werner Sinn (2005): Die Basar-Ökonomie. Econ Verlag. ISBN 343018536X.
3. Die Agenda 2010 und die Armutsgefährdung.
4. Der verbliebene unabhängige Denker, Internetkanzlei 2012-07-23.

Will France vote in a second Hollande

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Will France vote in a second Hollande
photo Portrait de Louis de France, dauphin (1729–1765)

2016 was the year of the revolt. The Dutch referendum, the British referendum, the American elections and the Italian referendum all ended up in humiliating defeats for the political, corporate and financial elites; only Austria decided to keep faith with their projects, but even there the demonstration of malcontents was significant. 2017 requires a change of strategy.

Mainstream political parties are in disarray everywhere, facing either the rise of anti-establishment parties in the political arena or that of anti-establishment candidates within their own ranks. With the forthcoming French elections, the Socialist party collapsing after François Hollande’s disastrous tenure and the primary establishment choices Sarkozy and Juppè eliminated, a change of strategy was needed to stop the wave of the much dreaded democratic participation of the masses (dubbed as populism), unwilling to submit any longer to the interests of the elite: enter Emmanuel Macron.


The EU is not interested in holding referendums

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The EU is not interested in holding referendumsThe European Union is a project of the elites. Members of these elites who either are members of the European Parliament or hold posts in the commissions are also members of their respective political parties, which means that to all intents and purposes the EU is pursuing policies that those parties advocate and endorse. Never mind voters, never mind citizens who show up at referendums and defy the party line, which is by the way why, James Madison, one of the founding fathers of the American Constitution, said that the minority of the opulent must be protected against the majority.1)Federalist No. 10, Wikipedia 30.01.2017.

References   [ + ]

1. Federalist No. 10, Wikipedia 30.01.2017.

Ireland, Luxembourg, Belgium: how US companies can use Europe to cheat the US government and to have it pay them interest

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Ireland, Luxembourg, Belgium: how US companies can use Europe to cheat the US government and to have it pay them interest
photo M. Primakov / Shutterstock

If a 4.5 million nation is the third biggest foreign holder of US Treasury securities, the biggest in the European Union, it is something remarkable. If a 0.5 million nation is the second EU-holder of US papers, it is something striking. Ireland and Luxembourg, as well as the United Kingdom and Belgium, are used by the international financiers of foreign powers to credit or cheat the US government who pays them interest for avoiding taxes in their home-country.

It is widely known that Japan and China are the two biggest holders of US government bonds. But these countries have huge savings and their investments over $1 trillion have fundamentals. Meanwhile, the EU holdings (altogether bigger than those of Japan or China) are pumped up by financial institutions, including US financiers and companies. In other words, European holdings stem from loose tax rules rather than strong economic demand for securities.


The European politicians who are likely to seize the reins of power may not have much to offer

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Beppe Grillo
photo Benny Marty / Shutterstock

The European elites have long stopped to respond to the fears and hopes of the people, which resulted in the emergence of new political parties and movements that address these fears and inspire many citizens of the Old Continent with a hope that it is still possible to have a new, healthy establishment. The forthcoming elections in France, Italy and the Netherlands may decide whether such politicians as Fillon, Macron, Grillo or Wilders, who decisively oppose the current establishment, will hold positions of power. The question arises whether they are as reliable and trustworthy as they would like to be perceived or they only wish to pull wool over our eyes and will not be all that different than their neoconservative and liberal predecessors.

Due to numerous scandals, cronyism, unfair business deals, empty promises, thousands of migrants in the streets and refugee camps people began to mistrust the likes of Berlusconi or Sarkozy. Recently, new actors have appeared on the political stage who immediately have been labelled as extreme right or left, populist, xenophobic and anti-European. People in Italy and France, however, do not let themselves be duped with such misnomers anymore and prefer now to turn their attention to such politicians as Marine Le Pen or Beppe Grillo, who at least represent the common man’s feelings and hopes. Yet, even if the National Front and the Five-Star Movement abide by their election promises, the leaders of these parties do not seem so decent as their voters wish they were.


Turkey, Serbia and Russia are preparing for the looming war in the Balkans

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A break-up of Bosnia-Herzegovina and Serbia’s claims to legal authority over Kosovo will be the next setback for the European establishment. It is not a matter of if but rather when the war in the Balkans will resume. The consequences will be more detrimental to European stability than the Bosnia war in the nineties. A war in Bosnia will increase the tension between the Muslim and the native populations in West Europe, with the latter being more and more vocal in its opposition to the Islamisation of Europe.

The 1999 NATO bombardments of Belgrade forced the Serbian authorities to withdraw their troops from the province of Kosovo. Unlike Bosnia, Kosovo was an integral part of the Serbian Republic.1)Bosnia and Herzegovina was a constituent republic that together with Serbia, Macedonia, Croatia, Slovenia and Montenegro made up Yugoslavia. Serbia in turn had two autonomous republics, Vojvodina in the north and Kosovo (and Metohija)in the south. Now it is questionable whether an autonomous republic is an integral part of something greater. It is another story that these two autonomous republics were carved out from Serbia by Tito/communists who, like communists everywhere in the world, also these in Brussels, hate nations and always try to split them up. By all international standards, the bombardments of Serbia were an illegal act of war. The European Union and Washington recognised Kosovo in 2008 as an independent state; 45% of the countries in the world did not follow suit, seeing the forced secession as a dangerous precedence incompatible with international law.2)International recognition of Kosovo, Wikipedia.To tell the truth, there is no such thing as international law; there is only international diplomacy where war is a strategic tool to bend the weaker party to the will of the stronger one.3)War is a mere continuation of policy by other means, On War Carl von Clausewitz.

References   [ + ]

1. Bosnia and Herzegovina was a constituent republic that together with Serbia, Macedonia, Croatia, Slovenia and Montenegro made up Yugoslavia. Serbia in turn had two autonomous republics, Vojvodina in the north and Kosovo (and Metohija)in the south. Now it is questionable whether an autonomous republic is an integral part of something greater. It is another story that these two autonomous republics were carved out from Serbia by Tito/communists who, like communists everywhere in the world, also these in Brussels, hate nations and always try to split them up.
2. International recognition of Kosovo, Wikipedia.
3. War is a mere continuation of policy by other means, On War Carl von Clausewitz.

Where will this insanity lead us?

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https://gefira.org/wp-content/uploads/2017/02/Cecil-Rhodes-2.jpg
photo Danie van der Merwe / University of Cape Town – Statue of Rhodes by Marion Walgate. Unveiled in 1934, and commissioned by a state-run university.

If you think mathematics is about numbers, calculations and things like these, you are wrong. Mathematics is also about “restoring the cultural dignity of children.”1)What is ethnomathematics, and how can it help children in schools? Teaching Children Mathematics; Reston; Feb 2001; Ubiratan D’Ambrosio.If you think mathematics is acultural, then you are in the wrong; true, mathematics used to be perceived that way but it should not, since “an acultural mathematical curriculum […] distorts the facts that children learn about how mathematics has evolved and who has contributed to this evolution.”2)What is ethnomathematics, and how can it help children in schools? Teaching Children Mathematics; Reston; Feb 2001; Ubiratan D’Ambrosio.If you further think mathematics is an objective branch of knowledge which students ought to master, then, yes you guessed it, you are wrong. Students ought to be encouraged to use mathematics “to critique aspects of society” and, indeed, to “critique mathematics” itself because its “algorithms structure our lives in ways which reproduce inequality”,3)Decolonising mathematics: Why it’s good for us, how to begin, BizNews.com 2016-10-17.which is elegantly referred to as “weapons of math destruction”.4)Math Is Biased Against Women and the Poor, According to a Former Math Professor, The Cut 2016-09-06.If you think decolonisation is about lands and nations, then again you are wrong. Nowadays we are in need of decolonising university curricula, science and the language of instruction.5)It’s time to take the curriculum back from dead white men, The Conversation 2015-05-08; Why switching to indigenous languages will help solve university crisis – education expert, BizNews.com 2016-10-04.

What’s wrong with mathematics? Indictment number one: it has been created by “dead white men” (so has English literature) who thus continue to “control things”.6)It’s time to take the curriculum back from dead white men, The Conversation 2015-05-08.Indictment number two: mathematics “has a problem with diversity”. Why? Because “all over the world, black and women mathematicians remain rare”.7)Decolonising mathematics: Why it’s good for us, how to begin, BizNews.com 2016-10-17.Indictment number three: mathematics (and many other branches of science) “perpetuates stereotypes about who belongs in the field”. And who does? “Gifted people”, and since e.g. in “2013, 73% of math doctorates were male and 94% were white or Asian” and “the proportion of women pursuing mathematics PhDs between 2004 and 2013 actually fell, from 34% of students to 27% of students” mathematics is reprehensibly racist and biased against females.8)Ideas of “Giftedness” Hurt Students, youcubed.Indictment number four: mathematics is “all too often Eurocentric, paying homage to the fair-skinned Greeks as the purveyors of most of our significant mathematical knowledge”.9)What is ethnomathematics, and how can it help children in schools? Teaching Children Mathematics; Reston; Feb 2001; Ubiratan D’Ambrosio.

References   [ + ]

1, 2, 9. What is ethnomathematics, and how can it help children in schools? Teaching Children Mathematics; Reston; Feb 2001; Ubiratan D’Ambrosio.
3, 7. Decolonising mathematics: Why it’s good for us, how to begin, BizNews.com 2016-10-17.
4. Math Is Biased Against Women and the Poor, According to a Former Math Professor, The Cut 2016-09-06.
5. It’s time to take the curriculum back from dead white men, The Conversation 2015-05-08; Why switching to indigenous languages will help solve university crisis – education expert, BizNews.com 2016-10-04.
6. It’s time to take the curriculum back from dead white men, The Conversation 2015-05-08.
8. Ideas of “Giftedness” Hurt Students, youcubed.

Obama’s strategy for Syria: why it failed (and why it was never going to work)

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<a title="By Painter: Dennis Malone Carter [Public domain], via Wikimedia Commons" href="https://commons.wikimedia.org/wiki/File%3ADecatur_Boarding_the_Tripolitan_Gunboat.jpg"><img width="512" alt="Decatur Boarding the Tripolitan Gunboat" src="https://upload.wikimedia.org/wikipedia/commons/thumb/1/12/Decatur_Boarding_the_Tripolitan_Gunboat.jpg/512px-Decatur_Boarding_the_Tripolitan_Gunboat.jpg"/></a>
Dennis Malone Carter Decatur boarding the tripolitan gunboat
Syria has long been a target of Neoconservative foreign policy. After the removal of Saddam Hussein from Iraq, Paul Wolfowitz, the leading Neocon ideologist, Deputy Defence Secretary under George Bush and an architect of the invasion of Iraq, said in 2003 that ”there will have to be a change in Syria”.1)Syria could be next, warns Washington, The Guardian.The problems during the occupation of Iraq and the radical change in the American public opinion towards the conflict forced the Bush administration and Neoconservative circles to shelve their plans.

Original plan and first problems
In 2011, Obama assembled a mighty coalition, including France, the UK, Israel, Turkey, Qatar, and Saudi Arabia to finally remove Assad and bring “regime” change to the Syrian people, confirming the line of of “liberal interventionism” of the Bush years as Robert Kagan, another prominent Neocon ideologist, defines it.

In August 2013, following an alleged use of chemical weapons by the Assad government against rebels, Obama finally found his pretext to justify the invasion of Syria, obtaining the authorization for the use of force from the US Senate.2)S.J.Res.21 – Authorization for the Use of Military Force Against the Government of Syria to Respond to Use of Chemical Weapons, Congress.govThe use of sarin by the Assad troops would later turn out to be a fabrication,3)The Red Line and the Rat Line, London Review of Books.much like Saddam’s never found weapons of mass destruction that the Bush Neocons had used as an excuse to justify the invasion of Iraq.

References   [ + ]

1. Syria could be next, warns Washington, The Guardian.
2. S.J.Res.21 – Authorization for the Use of Military Force Against the Government of Syria to Respond to Use of Chemical Weapons, Congress.gov
3. The Red Line and the Rat Line, London Review of Books.

Davos Recap: the globalist elite has few to no ideas about how to solve problems

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Davos Recap: the globalist elite has few to no ideas about how to solve problems
Domenico Antonio Vaccaro Solomon Worshiping the Pagan Gods

In a meeting including the most successful minds of the business and political world, you would expect a buzz of new ideas on how to solve the rising displeasure in the Western world: none of that; the 2017 World Economic Forum in Davos was an echo-chamber of whining about the democratic participation of the masses that are no longer blindly obeying their elites, scorned as “populism”.

Davos 2017 was the reflection of an elite detached from the reality of the lower classes of the West, unable to understand their problems: the choice of the location for the forum is further evidence of this; a tourist location in a tax haven, instead of, for example, Molenbeek in Brussels, transformed by globalization into a breeding ground for Muslim terrorists, a no-go area for years, until the Belgian police had to use its special forces in the wake of a terrorist attack. This is the daily reality of the average Belgian, European, Western citizen.


EU, not China or Japan, is the biggest US Treasury holder. And this is not a good sign.

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EU, not China or Japan, is the biggest US Treasury holder. And this is not a good sign.
photo shutterstock / Nik Waller Productions
US-centric media report that Japan has become the biggest holder of the US treasuries, surpassing China last month. However, this is true only in regard to single countries. If we consider European Union member states collectively, then they appear to be the biggest holder of the US treasuries. It has been so almost one year long. Unfortunately, the EU’s holdings are artificially overstated because of some financial havens and they are going in the opposite direction to the trend: up rather than down.

According to the latest data from TIC (Treasury International Capital System), the EU was in possession of $1242 billion of US Treasuries in November 2016, $9 billion more than one month earlier. The EU was the only one from three biggest holders that increased its amount of US treasuries in November, while China and Japan continued to lower their holdings.


From the USSR to the EU

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 the EU
photo Shutterstock / Antikwar

When the so called communist system had crumbled in Eastern European countries, their respective societies embraced Western-style democracy and economy, which, taking into consideration the development gap between the two systems came as no surprise. What was stunning, however, was the fact that yesterday’s communists became today’s social-democrats; yesterday’s enemies of the West transpired as today’s ardent friends of the west; yesterday’s anti-liberal propagandists had no difficulty changing sides and becoming today’s pro-liberal propagandists; why, to top it all, yesterday’s Moscow’s footstools turned into the Kermlin’s fierce critics. It does not stand to reason that they (i) became capitalists overnight and that (ii) they converted to western values in droves.

The same people in a position of power who before 1989 would punish their compatriots for entertaining a mere thought of emigrating to the West or copying Western-style political or economic solutions; the same people at the helm who would not even ponder leaving the Warsaw Pact and joining NATO, arguing that geopolitics was such as to impediment any such attempts, the same people after 1989 came to laugh at the opponents of the European Union or NATO.


Another US shale revolution is over? After gas rig count collapse shale gas production drops

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Another US shale revolution is over? After gas rig count collapse shale gas production drops
photo shutterstock / telesniuk
American dreams about energy independence may never come true. After a continuing decrease in the shale oil production, also the shale gas output has reached its peak and started to fall. As shale oil and gas make up half of the total United States oil and gas production and the rig count remains historically low, the American energy independence is shrinking and hopes for American LNG supply to Europe are disappearing into thin air. The US continues to be a net importer of energy resources and this is not going to change.

Dreams about the American energy autonomy are far from being abandoned, though. The shale revolution enthusiasm was shared even by top politicians, like Hillary Clinton, who claimed that the US had achieved energy independence, even if it was obviously not true.1)Hillary Clinton said America is energy independent. It is not, CNBC 2016-10-10 Gas autonomy seemed to be more achievable that of oil and 2016 was slated to be the first year when the US would export more gas than import.2)The New U.S. Energy Era Will Be a Gas, USNews 2016-05-16

References   [ + ]

1. Hillary Clinton said America is energy independent. It is not, CNBC 2016-10-10
2. The New U.S. Energy Era Will Be a Gas, USNews 2016-05-16