USA - The United States’ ability to maintain its influence over the rest of the world has been slowly diminishing. Since the petrodollar was established in 1971, US currency has monopolized international trade through oil deals with the Organization of the Petroleum Exporting Countries (OPEC) and continuous military interventions.
USA - Nobody else needs to dig a grave for CNN because they are doing it themselves. There has been scandal after scandal at the network, and now one of their producers has been caught on undercover video admitting that CNN has been pushing fake news stories about a connection between Donald Trump and Russia in a desperate attempt to get ratings. In other words, CNN’s entire Russia narrative has been a complete lie all along.
EUROPE - Inequality is spreading throughout the European Union in a worrying trend which is destabilising the bloc, it has been warned. European Central Bank President Mario Draghi urged Brussels to rapidly work on failings such as the widening gap between rich and poor. According to Mr Draghi income inequality has grown among eurozone countries since the financial crisis. The divide created has caused huge tensions between those in the 19-member currency bloc. Just a few countries have been able to shrink income inequality and buck the trend, while elsewhere, it has risen. The highest levels of income inequality have been registered in Greece, Spain and Portugal, as well as France and Italy.
UK - A new scheme will see drag queens visiting primary schools and libraries in a bid to “challenge intolerance and homophobia at a young age”. Based on an American project, Drag Queen Story Time’s organisers hope to start the scheme at this year’s Bristol Pride before rolling it out across the city.
EUROPE - Voters in Germany, France and Spain are among those calling for their own referendum on staying part of the European Union. Michael Dimock, president of American think tank Pew Research Center, said voters in seven out of nine key member nations wanted an EU referendum. Other countries include Italy, Sweden, the Netherlands, Hungary, Poland and Greece. Fighting talk from Brussels has indicated the EU is willing to punish Britain for leaving the bloc in a bid to stop other nations from leaving. Staunch Brexiteers have called for a hard Brexit and have pushed for Britain to walk away with no deal.
ISRAEL - “Even them will I bring to My holy mountain, and make them joyful in My house of prayer; their burnt-offerings and their sacrifices shall be acceptable upon Mine altar; for My house shall be called a house of prayer for all peoples.” Isaiah 56:7 (The Israel Bible™)
EUROPE - How wonderful would it be if Islam were what most of our politicians claim it to be: a religion of peace. Wonderful, but naïve, for the truth is that almost all terrorist acts committed in the world today are committed in the name of Islam. Many politicians do not tell the truth about Islam. Some find it much easier to parrot the politically-correct dogmas of the left. Others are afraid of having to live like me and Westergaard, Vilks, Rushdie, Hedegaard and others.
GERMANY - Germany’s parliamentary defense commissioner, Hans-Peter Bartels, has renewed calls for a joint EU army amid concerns about the reliability of the NATO alliance and disorganization and fragmentation of national defense structures. Speaking to the German Press Agency on Monday, Hans-Peter Bartels, the Germany Parliamentary Commissioner for the Armed Forces, called on the 28-nation bloc’s militaries to unite into a single armed force. “We are currently disorganized, technically fragmented and duplicate structures unnecessarily,” Bartels said, as quoted by the Telegraph. “We do not want to go down the solitary national path anymore. Not in Germany, not in the Netherlands, not in the Czech Republic and not in Italy. In the end, there will be a European army,” he stated.
EUROPE - ECB shuts down Veneto Banca and Banca Popolare di Vicenza. When banks fail and regulators decide to liquidate them, it happens on Friday evening so that there is a weekend to clean up the mess. And this is what happened in Italy – with two banks! It’s over for the two banks that have been prominent zombies in the Italian banking crisis: Veneto Banca and Banca Popolare di Vicenza, in northeastern Italy. The banks have combined assets of €60 billion, a good part of which are toxic and no one wanted to touch them. They already received a bailout but more would have been required, and given the uncertainty and the messiness of their books, nothing was forthcoming, and the ECB which regulates them lost its patience.
SWITZERLAND - The global economy is caught in a permanent trap of boom-bust financial cycles. This deformed structure is becoming ever more corrosive and dangerous as debt ratios rise to vertiginous levels, the world's top monetary watchdog has warned. The Bank for International Settlements said the rot in the global monetary system has not been cut out since the Lehman crisis in 2008. The current ageing and unstable cycle could finish in much the same explosive way, contrary to the widespread belief that it was a once-in-a-century event caused by speculators. “The end may come to resemble more closely a financial boom gone wrong, just as the latest recession showed, with a vengeance,” said Claudio Borio, the BIS’s chief economist.
USA - After a bit of a lull for the past couple of months, the march toward war appears to be accelerating once again. On Monday the US military shot down yet another Syrian aircraft, and it appears that President Trump’s patience with North Korea’s nuclear program may have run out.
SAUDI ARABIA - King Salman of Saudi Arabia promoted his 31-year-old son, Mohammed bin Salman, to be next in line to the throne on Wednesday, further empowering a young, activist leader at a time when the kingdom is struggling with low oil prices, a rivalry with Iran and conflicts across the Middle East.
USA - US Geological Survey (USGS) seismology reports conclude that a massive swarm of earthquakes swept through the park on Friday triggering more than 60 separate events in which seismographs spiked to magnitudes of up to 5.0.
USA - Is it possible that the Yellowstone supervolcano is gearing up for a major eruption? If you follow my work on a regular basis, then you already know that I spend a lot of time documenting how the crust of our planet is becoming increasingly unstable. Most of this shaking is taking place far away from the continental United States, and so most Americans are not too concerned about it. But we should be concerned about it, because a major seismic event could change all of our lives in a single instant.
EUROPE - As EU leaders meet this week, they will do so with a spring in their step. Economic growth is returning, pro-European candidates won out in the Netherlands and France, and Brexit looks like it could become a source of unity on the Continent rather than division. Among core EU members, there’s talk of a once-in-a-generation opportunity to spark genuine political and economic renewal. But as the focus turns to where the Union goes next, a new Chatham House report shows there is no consensus among the public or Europe’s elites about integration, and important divides remain in how different groups view the Union’s future.
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The views expressed in this section are not our own, unless specifically stated, but are provided to highlight what may prove to be prophetically relevant material appearing in the media.