LATEST NEWS : Europe has an even bigger crisis on its hands than a British exit

If Europe’s policy elites could not quite believe it before, they must now know beyond much doubt that they have lost Britain. This island is no longer part of the European project in any meaningful sense. British defenders of the status quo were knouted on Sunday. UKIP won 27.5pc of the vote, or 29pc after […]

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Great dollar rally of 2014 as Fukuyama's History returns in tooth and claw

We enter the year of the all-conquering US dollar. As the global security system unravels – with echoes of 1914 – the premium on the world’s safe-haven currency must rise. The effect is doubly powerful since the US economy is simultaneously coming back to life. America has shaken off the most drastic fiscal tightening since […]

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Factional conflicts have the power to destroy empires – and republics

“The US Founding Fathers abhorred factions. The 10th Federalist Paper by James Madison in 1787 is a study of how to defend the fledgeling republic against the dangers of organised zealotry, the curse that blighted earlier republics in world history.”   Continue reading on telegraph.co.uk

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Triple shocks threaten Europe's sickly and deformed recovery

“The complacency of those dictating Euroland’s policies – though not its victims – is breathtaking. “Europe, it seems, has become anaesthetised to bad news,” says Simon Tilford from the Centre for European Reform. Tentative signs of life after six quarters of contraction are deemed a vindication of shock therapy, even as the underlying crisis gets […]

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