The Occupy Movement is just the beginning of a New Era


steveThe capitalism as we know it is in its final phase of decline like the communist system was in 1989 and the western politicians should now tell the people the truth that we will not be able to maintain the status quo of the capitalistic system as it is. Neither in the US nor in Europe can we be sure that the annual growth in the coming years will lift us out of the economical and political crisis which the system is facing. It is more likely that there will be a collapse of the financial system, which this time will most likely begin in Europe and will send shock waves throughout the financial world. Read more

The French Revolution in the heart of Europe


steveThe regulatory policy of the ECB is a complete affront for German Economists especially in regards to the independence of the ECB, but for Europe it's a blessing and we might even talk of a fiscal French Revolution, which Europeans have awaited so eagerly. The ice was broken when the ECB had bought Greek government bonds in March 2010, but the bond buying program for Italian and Spanish bonds is just the appetizer to rescue the Euro zone and to maintain the general financial stability in Europe and possibly worldwide Read more

The Nobel Peace Prize for the most Powerful Protagonist of our Times


steveWe are currently witnessing a clash of different economical cultures on both sides of the Atlantic, both in Europe and the USA. There's the old continent, which is somehow always a little envious and admires America for the innovative spirit and the optimism of the American people. Then there is also some criticism of America for its greedy attitude and and its unbridled extravagance. In return, the Americans often look suspicious to the old continent. Read more

Why the state TV in Germany did conceal the Revolution


steveIt's been a while since I left Germany, but to keep me informed about the German politics I watch sometimes German DW-TV via satellite which broadcasts from Berlin, in particular because of the detailed sport reports about Bundesliga. But mostly I prefer to watch BBC or CNN about the things that are happening in the world, because I feel DW-TV is promoting and advertising to obvious the German culture and considers itself as a distribution channel of the products "Made in Germany". Well over the past days and weeks, there was predominantly one topic on BBC and CNN, namely the demonstrations and unrest in Egypt. Read more

The People in Egypt want Democracy and the West has to support them


steveThe people want democracy in Egypt and they are right. The West should no longer support the system Mubarak and help the to move forward towards democracy. It really is a scandal that this despot has been so long supported by Western powers. A man who has humiliated and oppressed his people up to the utmost. These humiliations against its own people endured for almost 30 years, and now discharges in a few days. The days of Mubarak's term in office are numbered. The question remains though how much blood must be shed, until he understands that it is time to step down. Read more