Economy, Politic

Europe’s Economic Death Spiral

By Armstrong Economics  QUESTION: Mr. Armstrong, you said when you were here in Berlin that the EU Commission is about as incompetent as the US Congress. You also said Macron is trying to federalize Europe as the solution Could you elaborate on that comment? ANSWER: The EU Commission at present is composed of 28 Commissioners, who must […]

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AledeBasseville, Politic

My visions

It’s awesome to see how people behave today, in mediocrity, and moreover, the younger generation. I have spent my life traveling and I have heard the same absurdities of style, be careful because this place or another place is dangerous, but the question is for whom and why. This means that I must be forbidden […]

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Economy

Public debt and fake news

Over the course of its history, the United States of America has seen six episodes of budget surplus. Five of them were immediately followed by depressions. Let us never forget that the orthodoxy – already powerful at the time – had pushed President Herbert Hoover to maintain a budget surplus in 1930, the year of […]

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AledeBasseville, Economy, Politic

The right of blood!

After communism and civil war you have devoted a superhuman effort to revitalize the country and this has put you in a considerable debt. The West has not helped you and no one has given you your hand and no one will do it for you. The finance world will sink you into a debt […]

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Economy, Editorial, Politic

Pompei was only a warning!

Through the many trips I have made and the truth I have been to many, I can say that I’ve been around the world three times, and sometimes I’ve been in the same place more than seven times and in some places I’ve lived and in some others have stopped to set up nightclubs, restaurants […]

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AledeBasseville, Economy, Politic

It’s not a prince the one who wants

Unfortunately, in Albania and in the Balkans, but also in the eastern countries, the education of history in terms of nobility has been destroyed by many factors. Let me remind you of some points, even though a book should be written about it. Indeed, titles of nobility are kept by noble people under the virtue […]

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AledeBasseville, Economy, Politic

Where is the Albanian government going

It is clear that the constitution needs to be changed to become more suitable for a new generation of economic policy where the President is responsible for the country and appoints the prime minister. This is today the model of all Western countries whether they are a republic or a constitutional monarchy. The division of […]

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AledeBasseville, Economy, Politic

Freedom of belief

There has been a long time in Albania that governments follow each other without bringing any solution. The policy principle is to make many promises that it is unable to sustain, as they really have no opportunity to find sustainable solutions. This is because they can not cooperate with the advisers of countries that run […]

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Economy, Politic

To save the rich, relieve the poor!

A debate rages on, mostly in the United States, regarding the secular stagnation of our economies. This secular stagnation is due, in my opinion, to the extraordinary productivity of capitalism. The very low, zero-boundary or even negative interest rates are simply the consequence of capital’s very efficient productivity. As for unemployment, it is itself a […]

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Economy

Apple takes shine off global stocks rally

By Patrick Graham Disappointment over the timing of Apple’s iPhone X release hampered further gains for world stock markets on Wednesday after an easing of concerns about North Korea sent indices to record highs. While a broadly weaker yen pushed Tokyo higher <.N225>, MSCI’s main indicator of Asian shares outside Japan <.MIAPJ0000PUS> fell back from […]

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Economy

Capitalism: soon to be a barbaric relic?

“The great struggles of the twentieth century between liberty and totalitarianism ended with a decisive victory for the forces of freedom—and a single sustainable model for national success: freedom, democracy, and free enterprise. In the twenty-first century, only nations that share a commitment to protecting basic human rights and guaranteeing political and economic freedom will […]

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Economy, Politic

Hurricane Irma: welcome to a world of inequality

The ravages of hurricane Irma are huge and barely imaginable, as islands like Antigua and Barbuda have been destroyed by more than 90%. Nowadays, alas, inequalities can take on multiple forms. Like poor allocation of resources, constantly depreciating income from work, precarious employment, the dismantling of the State leaving the poor with no protection, and […]

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Economy, Politic

Globalisation: R.I.P. ?

La globalisation est morte : longue vie à la déglobalisation ! En effet, si le Brexit n’a (heureusement) pas été le cataclysme que bien des analystes prévoyaient, il n’en est pas moins la manifestation la plus spectaculaire de la fin du règne de la globalisation. Une révolte gronde effectivement –à l’échelle des pays occidentaux- depuis […]

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Economy

No economic recovery without political courage

Seven years of growth, and three rates rises in a few months. But the US economy is nevertheless at the dawning of a recession! In spite of the monetary policy which seems to be on its way to normalisation, interest rates will never be – when the next, imminent crisis comes about – at levels […]

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Economy, Politic

The European illusion

Texte by Michel Santi  The infamous Treaty of Versailles which was imposed on Germany following the First World War forced the nation to pay the astronomical sum of 132 billion Marks. This iniquitous treaty was to provoke the Occupation of the Ruhr in 1923 by France, displeased at the delays in German payments. In 1924 […]

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Economy

Mais où sont les faillites d’antan ?

Texte by Michel Santi  Adam Smith l’avait noté: les Etats ne remboursent jamais leurs dettes. A la faveur de l’industrialisation, de la modernisation et de la globalisation des économies, le secteur privé s’est lui aussi joint au secteur public et rembourse rarement ses dettes. Car, tout au long de l’histoire des Etats -voire de l’Histoire […]

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Economy, Politic

Pas de reprise économique sans courage politique

Sept ans de croissance, et trois hausses de taux en quelques mois. L’économie US est tout de même à l’aube d’une récession! De fait, en dépit de la politique monétaire qui y semble en cours de normalisation, les taux d’intérêt ne seront jamais – lorsque surviendra la prochaine mais imminente crise – à des niveaux […]

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Economy, Politic

A 2017 !

Chères lectrices, chers lecteurs, chers amis, 2017 sera assurément une année de combat. Soyez donc prêts tant mentalement que physiquement car les épreuves ne font que commencer. Je souhaite donc que la force, que la détermination et qu’une certaine sérénité vous accompagnent. Il est fort probable que 2017 soit également l’année de mon engagement sur […]

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Economy, Politic

Les keynésiens aiment Trump !

Text by Michel Santi  Comment comprendre la sérénité – ai-je dit l’euphorie? – des marchés suite à l’élection de Donald Trump ? Assurément, pas de crise économique ni de récession ne sont envisagées dans un contexte où la domination des Républicains au Sénat, à la Chambre des Représentants et à la Maison Blanche stimuleront les […]

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Economy

Choose your poison

“The essence of secular stagnation: sick recoveries which die in their infancy and depressions which feed on themselves and leave a hard and seemingly immovable core of unemployment.” It is in these terms that the father of secular stagnation, Alvin Hansen, described to the American Economic Association the economic climate of 1938…which could just as […]

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