The battle for your savings is JUST beginning (POLITICO)
By Bjarke Smith-Meyer – May 5, 2023 There’s a turf war going on for your savings. At stake are over $16 trillion worth of deposit balances in the European Union alone, vital to banks’ capacity to keep credit flowing to small businesses and individuals. This is especially the case in Europe which relies far more […]
The military-civil fusion at the heart of the new dollar order (POLITICO)
By Izabella Kaminska · Apr 26, 2023, 2:22 PM To read remarks made by a string of treasury officials and central bankers in recent weeks, one thing becomes clear: It’s no longer an exaggeration to suggest the global economic system is heading toward a shift unlike anything since World War II. And what’s more, what’s […]
Who will pay for the digital euro? Because seigniorage may not be enough (POLITICO)
By Bjarke Smith-Meyer · Apr 27, 2023, 10:41 AM BRUSSELS ― Banks don’t like it, ordinary people have never heard of it, and shopkeepers don’t want to pay for it. Apart from that, the European Central Bank’s digital revolution is getting off to a really great start. The ECB needs to find a way of […]
ECB member calls for fiscal progress as 25th anniversary nears (POLITICO)
By Johanna Treeck · Apr 24, 2023 FRANKFURT — As it heads toward its silver anniversary in May, the European Central Bank (ECB) has its eyes on a less conventional gift than most would want to mark the occasion — a more meaningful step toward a full fiscal union. “We need to start thinking about […]
US takeover of French nuclear firm sparks tensions in Paris (POLITICO)
By Giorgio Leali – Apr 21, 2023 (POLITICO) PARIS — France’s feisty Economy Minister Bruno Le Maire has another opportunity to pick a fight with Washington as a sensitive investment screening case is about to land on his desk. The French government wants to prevent nuclear-submarine parts supplier Segault from falling into American hands just […]
How an unlikely “deep state” duo massaged EU Italian-German relations for years (POLITICO)
By Paola Tamma – Apr 4, 2023 It’s a tale of intrigue, improbable friendship and backroom deal-making that gets to the heart of where political power in the EU really lies. And it concerns one of the bloc’s most secretive — yet influential — bodies, and two of its leading members who have just been […]
ChatGPT has some thoughts about organic humanoid robots
Long story short: I tried to test my theory that humans are the optimal embodied intelligence for this planet (due to millennia of natural evolution) by asking ChatGPT a few hypothetical questions about the best way to maximise the efficiency of humanoid robots. The conversation is attached below. Overall, I think ChatGPT agreed with me […]
Spot Markets Live (30/03/23) *** What do digital FX controls look like?***
Izabella Kaminska10:59 Morning! FRANCES COPPOLA11:01 Morning! Welcome to nearly the end of the week. And so far no bank collapses. I believe Izzy is joining me today. Izabella Kaminska11:01 I am indeed here spiritually for 30 min and then consciously from 1130 onwards. Multitasking like a crazy person these days. Should we check in on […]
Germany’s e-fuel fetish ain’t new. Just ask the Führer. (POLITICO)
By Matthew Karnitschnig – Mar 28, 2023 BERLIN — Hitler had a problem. It was early June in 1942 and though the diabolical German leader’s plan to whip his Volk into a frenzy and rape and pillage the rest of Europe showed early success, his army had run into a wall in Stalingrad and was […]
MEPs dream big for EU dirty money watchdog (POLITICO)
By Bjarke Smith-Meyer – Mar 28, 2023 The European Parliament wants an EU anti-money-laundering authority that polices national supervisors, enforces sanctions and with the power to fine companies millions of euros for flouting safeguards. MEPs on Tuesday voted through their vision of the future dirty money watchdog, which is supposed to help weed out suspect […]