19 October 2021 | In this guest column, arbitration lawyer Juan Carlos Boué presents the case of Columbia, which has included an environmental exception in their treaty with Canada. Still they were sentenced by a tribunal to pay damages to a Canadian mining company for a ruling of their highest court, which imposed mining restrictions […]
Capitalism at zero interest rates Since 2014, the reference interest rate for safe investments in the euro area, the yield on ten-year Bunds, has been close to zero. It has even been slightly negative since 2019. The yield on 30-year bonds is only minimally positive. This means that market participants expect zero interest rates for […]
(…) Surprisingly, at least for textbook economists, it turns out that during times when companies invested a lot, the valuation of companies on the capital market fell. By contrast, when they invested little, the value of the companies rose. The same surprising result was reached by three U.S. economists who investigated the factors that drove […]
30 August 2021 | Thales, one of the largest international defense contractors, calls the digital vaccination passport a precursor to universal mobile-digital identity credentials. Thales thus confirms my analysis and my worst fears.
(…) Already at the second meeting in Davos in 1972, the first head of government took part: Luxembourg’s President Pierre Werner presented his “Werner Plan” for a European monetary union. The world-famous rocket scientist Wernher von Braun also made an appearance. The EU Commission took over the patronage of the meeting and also of that […]
The Endgame of Capitalism A giant Ponzi scheme runs its course as elites prepare for the day after How can this be? The world’s major stock markets recorded very strong gains between spring 2020 and summer 2021. In a year in which global economic output suffered a severe slump, in which many millions of people […]
The Endgame of Capitalism A giant Ponzi scheme runs its course as elites prepare for the day after Introduction Part 1: Power to the corporations A pandemic exposes the prerogatives of capital Applause instead of money for the systemically important Cui bono? Subsidies for tax fugitives Luxury booms in the crisis The power of […]