This number is staggering, considering that Greece was led to official bankruptcy and the memoranda in 2010 with a debt of 299 billion euros – and even with the country’s real GDP at the time being 35 billion euros higher than today! In just one year, the state debt increased by 4.5 billion euros, as …
Category: Economics
The war in Iran is over – Prices are skyrocketing, wages are disappearing, the cost of living is increasing
The economic suffocation is returning more severely, as the new wave of price increases threatens to flatten consumers’ purchasing power. With wages stagnating and the prices of basic goods soaring, everyday life is turning into an endless struggle for survival. An uncontrolled increase in the cost of living is already at the gates, ready to …
Inflationary pressures & Εconomic turmoil from the Persian Gulf are fueling a global power realignment towards China-Russia
Approximately, 20 million barrels of oil and condensate pass through the Strait of Hormuz every day, an amount that corresponds to almost 20% of global consumption. At the same time, approximately 25%-30% of the world’s liquefied natural gas (LNG) trade is transported through the same sea route, making the region the most important energy hub …
Eurozone inflation brings new interest rate hikes from the ECB
A new surge in eurozone inflation has reignited fears of a prolonged wave of deflation and left the European Central Bank facing tough decisions. The surge in energy prices due to the geopolitical crisis in the Middle East and the war in Iran is defying expectations of price stabilization. Eurostat data showed that inflation in …
Russia’s €200bn lawsuit against Euroclear threatens total collapse of the global financial system
The European Union, concerned by the Moscow court ruling, has launched a risk assessment of the Brussels-based central securities depository. At the same time, discussions have begun within the EU about possible support for Euroclear, following the ruling of the Moscow Arbitration Court, which upheld a lawsuit by the Central Bank of the Russian Federation …
The world is moving from a regime of deflationary globalization to a regime of geopolitical inflation
Investors around the world continue to act as if the AI boom is more important than the bond market. And they are giving US President Donald Trump the opportunity to counter the high gas prices with record performance on Wall Street – where the richest 10% of households own 90% of the stock market. The …
Risk of hyperinflation in the US – The Persian Gulf Kingdoms will not buy surplus dollars, but yuan
Geopolitical developments affect the global economy in real time and the US no longer has the power to deal with the consequences of the crises it causes. We are already in a new era and the war with Iran is probably the last one that America makes as a superpower. Although the stock market has …
Will the FED provide liquidity to the Persian Gulf countries, or will China do it with the yuan?
The development that the United States will be forced to provide dollar liquidity to the United Arab Emirates and other Persian Gulf states affected by the closure of the Strait of Hormuz will be very bad news for the “petrodollar”. The Federal Reserve (Fed) has used swap lines with foreign central banks as a key …
Turkey’s Economy is collapsing
The Turkish economy is facing an unprecedented crisis, as noted, inflation has skyrocketed to record levels, with a huge deviation from forecasts. This unfavorable situation has caused a wave of business closures and intense social and economic instability in the country, with Recep Tayyip Erdogan being called upon to take immediate measures. In particular, after …
The explosion of inflation will cause social explosions and the collapse of the political system
Consumers increasingly find themselves receiving inferior goods and services at higher prices. Living standards have declined significantly in recent years, and the trend is worsening, fueling simmering social anger. Yet for the elite that dominates opinion-forming, it is business as usual as consumption is accelerated by the 10% of those connected to Wall Street who …