The Germans play "gotcha" with a decidedly Teutonic skill and attitude. The latest victim is Annette Schavan, Chancellor Merkel's education minister, who resigned her position in a gathering storm of accusations that she plagiarized the doctoral dissertation she wrote 32 years ago. The title sounds particularly apt: "Person and Conscience."
Regardless of who won, the global headwinds would have been the same, and the global economy is in a recession already (it's not widely recognized yet, but it soon will be).
On September 18th, the London office of Deutsche Bank — one of the most respected banks in the world, and a bellwether of elite opinion — published a Global Markets Research paper entitled Gold: Adjusting for Zero. It was written by two esteemed, mainstream analysts Daniel Brebner and Xiao Fu.
Recently, German politicians, led by Chancellor Angela Merkel, have begun signaling greater comfort with monetary debasement, even while the top bankers at the German Bundesbank remain firmly committed to sound money.
There is more bilateral trade between Germany and China, so fundamentally it makes sense that this agreement would be worked out. Indeed, mathematically, the markets would eventually force such an agreement.
Green Hypocrisy: CEO of Virgin Airlines Says Global Warming Skeptics Should ‘Get Out of Our Way’ | Leah Barkoukis