Author Archives: Nick Corbishley

“Too many doses, billions in costs – the government [of Germany] wants to cancel the vaccination deal.”

Mexico’s economy was one of the best performers of 2022, despite (or perhaps because of) a whole raft of worker-friendly policies from the AMLO government.

“We are seeing a surreptitious clash, a war that no one dares name, between China and the United States for Peru’s soul.”

Israel was the lab for Pfizer’s COVID-19 vaccine, as newly reelected President Benjamin Netanyahu admitted in a recent interview with Jordan Peterson. Yet the health ministry now claims to have mislaid or, even worse, never signed the vaccine agreement. 

Leading the charge are the world’s two most populous nations, China and India, which between them account for roughly three out of every eight people on planet Earth. 

As the Qatargate scandal widens, questions are being asked as to whether its reverberations will reach the Commission, the EU’s executive branch. Recent revelations suggest the EU’s Chief Diplomat Josep Borrell could be implicated.

The thorniest issue remains, of course, the Russia-Ukraine conflict, on which AMLO’s government has tried to stay firm to its neutral position.

Peru continues to stumble from crisis to crisis, scandal to scandal, and president to president. In Argentina one of the towering figures of Latin America’s political left, Cristina Fernández de Kirchner, just received a 6-year prison sentence.

To salvage its floundering CBDC, the eNaira, Nigeria’s Central Bank just launched an all-out assault against physical cash in a country that is substantially cash-dependent.

“The Government needs to become as flexible and mobile as an IT company, to automate all functions and services,… reduce 60% of officials, introduce large-scale privatization and outsourcing of government functions.”

“Many people in Europe are following with admiration what is now happening in [Latin America],” said Wikileaks’ editor-in-chief and close confidant of Assange. “When looking at the political landscape in Europe all we have are dark forces.”

When two of the largest countries on the American continent, Brazil and Argentina, sign an agreement to establish a bilateral payment system in local currencies, it is worth taking note. 

Credit Suisse may have taken an “important step” in its turnaround process, as its unfortunately named chairman Alex Lehmann said this week, but it is also suffering a gathering run on deposits

Spain already witnessed one of the most spectacular housing bubbles and busts so far this century. As pressures in the mortgage market grow, the government and banks are determined to avoid a rerun.

As life gets prohibitively expensive for people living in the US (and many other rich economies), relatively cheaper countries like Mexico are becoming increasingly attractive. But for local people the costs are growing.