EUROPE | WHAT REALLY HAPPENED

EUROPE

Jun 01 03:28

One Dies in Gali Shooting (Abkhazia-Georgia border)

One Abkhaz customs officer was killed and two others wounded when their car came under fire.

Chief of Abkhazia's customs office said "It was a subversive act carried out by the Georgian special services".

Georgian officials claimed that the shootout occurred between the Russian servicemen and Abkhaz customs officers.

Jun 01 02:12

Wall Street Operative Geithner Rebuffed in Berlin on Mission to Make World Safe for Derivatives

Geithner’s true intentions can be read from his systematic sabotage and gutting of the financial reform bill recently passed by the U.S. Senate. The most important feature of this bill was the ban on derivatives speculation by commercial banks proposed by Senator Blanche Lincoln of Arkansas. This would have partially restored the blanket ban on most types of derivatives which was in force under the New Deal from 1936 through 1982 thank to the Commodities Exchange Act signed by President Franklin D. Roosevelt. Geithner has attacked this provision, and is teaming up with Obama handler Rahm Emanuel to remove it during the upcoming House-Senate reconciliation process.

May 31 22:04

JAMES PETRAS : Israeli’s Nuclear Policy: From South Africa to Iran

On May 24, 2010, the Guardian (U.K.) published a highly confidential document released by the South African government. The 1975 document reveals a secret military agreement signed by Shimon Peres, Israel’s Foreign Minister at the time (and today Israel’s President) and South Africa’s Defense Minister P. W. Botha. Israel offered to sell the apartheid regime, weapons of mass destruction, including nuclear, chemical and conventional weaponry to destroy and defeat the million person African resistance movement.

May 31 17:23

Israeli butchery at sea

Gilad Atzmon argues that Israel’s murder in international waters of aid workers bound for Gaza was a premeditated act of savagery and that the international community, foremost NATO and the European Union, must respond decisively by cutting all relations with the rogue Jewish state.

May 31 17:22

Criminal pirate Israel makes a fool of the OECD only days after it clasped the viper to its bosom

Stuart Littlewood argues that the West, which has traditionally rewarded Israel for its crimes against Palestinians, most recently by admitting it as a member of the Organization for Economic Cooperation and Development, must be held directly responsible for the latest Israeli outrage – the murder in international waters of aid workers bound for Gaza.

May 31 17:20

The concentration camp that is Gaza: only a one-state Palestine is possible

Christopher King looks beyond Israel’s latest crime against humanity, its murder in international waters of aid workers bound for Gaza. He argues that it is high time to accept the fact that Israel is a fundamentally illegitimate entity and that the only chance for peace lies in a one-state Palestine shared among Palestinian Arabs and Jews.

May 31 15:40

German President's Resignation Tied to Telling Truth About Afghan War

German President Horst Koehler resigned Monday in a surprise move after being criticized for reportedly linking military deployments abroad with the country's economic interests -- creating a new headache for Chancellor Angela Merkel.

May 31 12:24

The U.S., Brazil and Turkey: how to lose friends and estrange allies

But where are the tough sanctions of yester-week? Where’s Hillary, the iron-brained lady, for whose sake Barack, I ween, Lost his principles and went all shady?(Apud François Villon’s “Ballade des femmes des temps jadis”)

May 31 12:18

German President Horst Köhler Resigns

German President Horst Köhler, under fire for controversial comments he made about Germany's mission in Afghanistan, resigned with immediate effect on Monday in a shock announcement that comes as the latest in a series of blows to Chancellor Angela Merkel.

May 30 07:24

Second firm withdraws drugs from Greece over cuts

Another Danish pharmaceutical company has withdrawn products from Greece in protest at the government's decision to cut the prices of medicines by 25%.

The Leo Pharma company says it is suspending sales of two popular drugs because the price reductions will cause job losses across Europe.

The Greek government is struggling with a debt crisis.

It has condemned as unfair the action of Leo Pharma, and another Danish company, Novo Nordisk.

May 30 02:50

Geithner Rushes To Sabotage German Derivatives Ban

Tiny Tim Geithner's US Treasury is attempting, but not succeeding, to conceal its apoplectic hysteria over the German ban. Geithner announced that he was flying from China to Europe in order to confer with George Osborne, the new Bilderberger Chancellor of the Exchequer, and Bank of England boss Mervyn King in London, followed by consultations with European Central Bank chief Trichet and Bundesbank leader Axel Weber in Frankfurt, followed then by a meeting with Schäuble in Berlin. There was no doubt that the overriding purpose of Geithner's mission was to sabotage the German moves against derivatives in particular and speculation in general.

May 30 02:44

Freedom Flotilla : ‘A battle for the high seas. And the high ground’

If you’re hoping to see news about the extraordinary events taking place in the Med sea around Cyprus on either the BBC or Sky this weekend. Forget it. For now. Despite the fact that almost three dozen Brits are amongst the 700 brave souls heading to Gaza on a fleet of ships laden with essential aid. Or the incredible military and political manoeverings surrounding Israels response to the peaceful attempt, major news channels in the West remain silent. This despite the fact their news editors have the direct numbers of spokespeopleon board and access to the live news feed.

May 28 16:02

Volcanic and Political ashes in Iceland and the maybe anarchist and possible mayor of Reykjavik

“We have to show responsibility now.”

………..Says who?

the same people who irresponsibly supported and took money from the bankers who gambled away our children´s future?
Or the ones who sold out the rest of the economy and our national resources and infrastructure to foreign “investors”, committed us to debt-slavery forever and told us that our votes in a national referendum were irrelevant and therefor the people shouldn´t go voting at all?
This just about covers the whole political spectrum of “real” parties from right to left and middle and up and down, the pre-collapse government and the one we have now, the one Icelanders had put in office after their pots and pans revolution, just to be sold out by them to the British government and their banking overlords.

May 28 10:58

CALL FOR ACTION: To all EU readers of WRH; sign this petition against GMO in Europe.

To the President of the European Commission José Manuel Barroso:
We call on you to put a moratorium on the introduction of GM crops into Europe and set up an independent, ethical, scientific body to research the impact of GM crops and determine regulation.

May 27 07:18

Serbia asks IMF to unfreeze wages

Faced with possible social unrest, Serbia asked the International Monetary Fund on Monday to allow an increase in state salaries and pensions that were frozen as part of a bailout loan deal.

Webmaster's Commentary: 

"Hell, NO! You forget the golden rule; starve the people to give gold to the bankers. Starve the people to give gold to the bankers. Starve the people to give gold to the bankers!!!" -- The Bankers

May 26 23:05

Poland welcomes US soldiers, Patriot missiles

Polish and U.S. officials hailed the arrival in Poland of an American Patriot missile battery, saying Wednesday that the hardware and soldiers close to the Russian border enhance Polish security but pose no threat to Russia.

The Patriot battery arrived Sunday at a base in Morag, a town in northeastern Poland 37 miles (60 kilometers) from Russia's westernmost point, the Kaliningrad exclave.

May 26 20:44

China eyes cut in euro exposure

China, which boasts the world's largest foreign exchange reserves, is reviewing its holdings of eurozone debt in the wake of the crisis that has swept through the region's bond markets.

Representatives of China's State Administration of Foreign Exchange, or Safe, which manages the reserves under the country's central bank, has been meeting foreign bankers in Beijing in recent days to discuss the issue.

The meetings were arranged amid growing speculation that Safe is considering reducing its exposure to the eurozone bond markets because of the deepening crisis in Europe.

May 26 14:15

IMF praises Italy's cuts, points to wage bill

The International Monetary Fund on Wednesday welcomed Italy's commitment to reduce its fiscal deficit and said containing the public wage bill should be the focus of cost-cutting measures.

Webmaster's Commentary: 

Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers. Starve the people to feed the bankers.

May 26 14:12

IMF raises fresh concerns about the Spanish economy

The International Monetary Fund (IMF) has raised fresh concerns about Spain's economy, saying "far-reaching" reforms are needed to ensure its recovery.

Webmaster's Commentary: 

"far-reaching reforms" is IMF-speak for "starve the people to feed the bankers!

May 26 08:29

Germany 'to extend short-selling ban'

Germany is considering widening a ban on "naked" short-selling on some financial stocks to cover all German-listed stocks, proposals have shown.

Webmaster's Commentary: 

Good for the Germans

May 25 09:46

Spain must make wide ranging reforms, weak recovery-IMF

Spain must make far reaching, comprehensive reforms, including to the labour market, while its economic recovery remains fragile, The International Monetary Fund said on Monday.

Webmaster's Commentary: 

In every monetary system where a private central bank issues the public currency at interest, there can never be a recovery because debt always outstrips the money supply. What the IMF is saying is what bankers have said throughout history; "You must make do with less so that we may have more. You must make do with less so that we may have more. You must make do with less so that we may have more."

May 25 09:36

Latvia Says I.M.F. Is Imposing Fresh Conditions on Rescue Package

Latvia said Wednesday that the International Monetary Fund had imposed fresh conditions for it to qualify for rescue funds, exacerbating an emerging split with the European Union over a €7.5 billion bailout last year.

Webmaster's Commentary: 

"All your base are belong to us!"

May 24 09:12

Italy suspends mark-to-market accounting on eurozone bonds

The Bank of Italy Tuesday said Italian lenders holding European government bonds in their available-for-sale portfolio don’t have to take into account possible capital gains or losses on them, in a move to safeguard capital ratios.

The decision came after volatility on European government bonds skyrocketed in recent weeks following several rating agencies downgrades, temporarily affecting the capital ratios of Italian, as well as other European, banks.

According to Italian securities laws Italian banks must deduct all the losses linked to the value of those bonds, but can only partially book capital gains.

Webmaster's Commentary: 

Mark-to-market accounting was what allowed ENRON to post profits that did not actually exist in order to run up their stock prices.

May 24 09:08

Burden of Irish debt could yet eclipse that of Greece

What will sink us, unfortunately but inevitably, are the huge costs of the September 2008 bank bailout, writes MORGAN KELLY

May 24 09:07

European bank jitters as Spain steps in to save Cajasur

Investors are braced for fresh turbulence in European bank shares after Spain's authorities stepped in to rescue Cajasur, one of the country's largest regional lenders.

May 23 21:28

Georgian Deputy FM: ‘New Stage in Georgia-Iran Relations’

Bilateral relations between Iran and Georgia are entering [a] "new stage" and Tbilisi hopes ties will further deepen, Nino Kalandadze, the Georgian deputy foreign minister, said on May 22.

"Georgia is highly grateful to the Iranian authorities’ policy towards Georgia, which we deem as very reasonable and which involves unconditional support to Georgia’s sovereignty and territorial integrity," the Georgian Deputy Foreign Minister said.

Georgia and Iran are getting all "pally-pally" all of a sudden. Nothing to do with Georgia getting the cold shoulder from the Obama administration, I suppose?

May 23 17:55

Israelis asked to visit passport plant here before Dubai killing

By Sam Smyth

Three fraudulent Australian passports, four French, 12 British, one German and eight Irish passports were used in the killing.

ISRAELI officials asked to inspect the Dublin plant where security-enhanced passports are made — just a month before a Middle East assassination by agents using forged Irish documents.

A serious diplomatic incident was looming last night after a top-level report concluded that an Israeli intelligence agency forged the Irish passports used in the murder of a Hamas operative in Dubai in January.

The Department of Foreign Affairs believes that an Israeli state agency provided the eight forged Irish passports used by agents involved in the assassination of Mahmoud al-Mabhouh.

May 23 05:44

The Israeli Role In The Plunder Of Iceland

The looting of much of the wealth of Iceland is one such mega-crime in which we find Israelis involved at the highest level. The First Lady of Iceland, Dorrit Moussaieff, is an Israeli Jew, which adds a significant wrinkle to the whole plot.

May 22 03:00

Whatever Germany does, the euro as we know it is dead

Angela Merkel's ban on short-selling is just a distraction from the horror to come

May 22 00:39

GERMANY'S PARLIAMENT VOTES TO GIVE 66% OF COUNTRY'S ANNUAL INCOME TAX REVENUE TO BANKS

The Merkel government has just announced a raft of deep cuts and tax hikes, which will increase the proportion of the country’s income flowing to the banks and accelerate an economic collapse that could be much more severe than the Great Depression of the 1930s.

The transfer of almost the country’s entire tax revenues to the banks shows that the politicians in Germany are working hand in glove with banks to loot the people on an unprecedented scale under the smokescreen created by the mainstream media.

Though sold by the controlled media as “aid for Greece”, none of the money will go to the people of Greece.

May 21 10:31

Germany Acts Alone to Protect the Euro and Big Banks Against Speculators

If Germany’s efforts to rein in speculation in European markets were meant to surprise investors, they succeeded — just not quite in the way officials in Berlin might have intended.
Enlarge This Image
Tobias Schwarz/Reuters

Axel Weber, right, president of Germany's central bank, and Jochen Sanio, head of BaFin, which regulates its financial markets. BaFin banned the naked short-selling of some stocks and bonds.

On Wednesday, the government’s partial ban on so-called naked short-selling took effect, as part of Berlin’s effort to protect its biggest financial institutions and the euro currency from investors who have been betting against them.

May 21 03:44

Austerity regime in Europe

May 19 06:56

Britain on its own if markets strike: French official

Britain may find itself on its own if it comes under pressure from the markets, France's chief financial regulator warned on Tuesday, after London refused to join Europe's trillion-dollar rescue package.

May 18 16:46

The German Government Has Had Enough

If you thought the German government was going to be a lapdog for Sarcozy, or worse, was going to fellate Brussels and the ECB, you got a rude shock today.

It appears that the German Government has just plain had enough of the crap that the banksters have tried to pull, and has decided to do what Barack Obama should have done in early 2009.

That is:

* No more naked credit crap, especially against sovereigns but not only against sovereigns. No insurable interest, no CDS - period.

* Naked shorting will now be actually stopped in 10 leading financial institutions.

* Germany has had it with naked shorting of Gold, and specifically noted bank manipulation of gold prices via naked shorts beyond intent or ability to deliver.

Webmaster's Commentary: 

"Mommie; Germany is being mean to us! PLease go kill them!" -- Gold in my Sacks

May 18 12:44

French Pension-Reform Plan Stirs Union Ire

The government said it plans to introduce a bill to raise the retirement age from the current minimum of 60—though it didn't say to what age—and create a new tax on high earners, to try to fix the nation's debt-choked pension system.

Webmaster's Commentary: 

"Our new policy, suggested by the Americans, is that we work the slaves until they drop!"

May 17 08:43

Germans turn against the EU as eurozone meltdown heaps misery on Angela Merkel

German fury at paying for Greek extravagence is turning into anger against the European Union, the euro, and Angela Merkel

May 15 10:53

Israel’s Intimidation Tactics Won’t Stop Us: First Ship Sets Sail for Gaza!

By Huwaida Arraf

London – 14 May 2010 – At 22:45 local time tonight, the MV Rachel Corrie, a 1200-ton cargo ship, part of the eight-vessel Freedom Flotilla, set sail from Ireland on its way to the Mediterranean Sea. Three, ships from Turkey and Greece will join her, then sail to Gaza.

This past week reports from Israel have indicated that the Israeli authorities will not allow the Freedom Flotilla to reach Gaza with its cargo of much-needed reconstruction material, medical equipment, and school supplies. According to Israeli news sources, clear orders have been issued to prevent the ships from reaching Gaza, even if this necessitates military violence.

May 15 07:42

The Fed Currency Swaps Begin

The Federal Reserve provided $9.205 billion of liquidity to foreign central banks since reopening foreign exchange swap lines this last week, the New York Fed reports.

The European Central Bank was the only institution todraw on the swap lines this week, swapping the full $9.205 billion amount.

May 15 00:57

Will The U.K. Be The Next European Nation To Experience A Massive Debt Crisis?

As we wrote about yesterday, the sad truth is that the governments of the world are rapidly running out of money and are drowning in debt. It is a gigantic mess, and the term "sovereign debt crisis" is going to pop up in the news very regularly from now on.

When it does all start coming apart and the dominoes do start falling, it is going to be a complete and total nightmare. Paper currencies around the globe will lose value at breathtaking speeds as central banks flood economies with cash in an attempt to stop the madness.

But more debt and more paper never solves anything. All it does is make the long-term problems even worse.

When the tipping point comes, things are going to move fast. Let's just hope that we all have a good bit more time to prepare before that happens.

May 14 08:20

Antoine Raffoul : Dear Elton John

If you do go ahead with this performance, please make sure that, when you sing in that stadium, you sing loud enough for the Gazans to hear you in their open air prison only 40 miles away.

Some of the Gazans may not even hear you no matter how loud you sing, because they have been made deaf and dumb as a result of Israel’s deadly ” Operation Cast Lead.”

The following letter was sent recorded delivery to Elton John via the following contacts:

Read More: http://mycatbirdseat.com/2010/05/dear-elton-john/

May 13 14:31

Are the bombers in Iraq Al-Qaeda, the CIA or Israel?

Christopher King argues that it is likely that the American CIA – or Israel acting on its behalf – is responsible for recent atrocities in Iraq, in order to extend and consolidate the occupation, just as it is probable that the Times Square bomber was, wittingly or otherwise, acting for the CIA or Israel, to justify the US military intervention in South Asia.

May 13 14:27

INSTANT CLASSIC: Irish Parliament Bailout Video -- Paul Gogarty & Emmet Stagg (WATCH -- NSFW)

Watch Paul Gogarty battle the tyranny of the Irish bailout machine.

May 13 08:29

David McWilliams: Forget bailouts, it's time for a two-speed Europe

Having rallied on Monday, the value of the euro has fallen back. One implication of this is that the financial markets are not convinced that the huge EU/IMF/ECB bailout will be enough. Maybe the markets think that the extraordinary web of borrowing between the European countries is just too big to manage, even with such guarantees in place.

May 13 08:28

Party threatens DK’s EU contribution

The Danish People’s Party is threatening to veto the Danish tranche of the EU’s emergency fund, which was agreed at the weekend to stabilise markets, in protest against EU commission plans to require national budgets to pass through Brussels before presentation in national Parliaments.

May 13 06:51

David Icke on the 2010 British Elections

May 12 09:47

Protestors attempt to storm Dáil

An attempt was made last night to storm the Dáil but protestors failed to breach security measures at the gate.

Around 100 people marched to Kildare Street in protest at the Government's plans to inject billions of euro into the country's banks.

May 12 08:44

Spain cuts salaries as Europe faces up to crisis

This is another case of the general population being screwed by their own governments to enrich the bankers.

May 12 02:07

John Greyson : Hey Elton Cancel Your Concert in Israel

HEY ELTON Cancel Your Concert in Israel

by Canadian filmmaker John Greyson

Palestinian civil society has called on Elton John to respect their boycott
call and cancel his June 17th concert in Tel Aviv. If he does so, he’ll be
joining Santana and Gil-Scott Heron, who recently cancelled their spring
concerts in Israel. This video suggests six reasons why Elton should join
the BDS (boycott, divestment, sanctions) movement.

PLEASE WATCH HERE: http://mycatbirdseat.com/2010/05/john-greyson-hey-elton/

May 11 09:52

Euro falls as market doubts rescue package

The euro fell on Tuesday as the relief rally unleashed by an emergency aid package to prevent the spread of a euro zone debt crisis dissipated and the focus switched back to structural problems plaguing the bloc.

Webmaster's Commentary: 

The Global Economy is a boat with ten holes in the bottom and only five corks, and all the bailouts accomplish is to yank a cork from one hole and pound it into another in front of the press cameras while the wielder of the hammer proclaims, "I am doing something about the problem!"

May 11 08:41

$1 Trillion Was Not Enough

Zero Hedge notes that European banks are betting against the beleaguered euro. “Zero Hedge has received confirmation that several of the largest French banks are now actively shorting the euro to take advantage of globalized moral hazard, which with every ensuing bailout does nothing but make the bonuses of French FX traders surge.”

In other words, the very banks the EU plans to bailout in part with U.S. taxpayer money (or tax payer long term debt) via the IMF are placing bets against the survival of Europe.

May 11 08:22

The European Bailout: Not a Very Promising Start

Of course, the myriad fraudulent schemes (using derivatives and other means) to hide the problems of Greece, Italy and other countries are still continuing to some extent. And the size of the too big to fails means they can take down companies or nations using high-frequency trading, short-selling, credit default swaps and other means. Indeed, Jim Rickards argues that the bailout won't really help because "Goldman can create shorts faster than Europe can print money".

Therefore, without fundamental reform of the financial system, there can be no true and lasting European recovery.

n/a
May 10 09:40

Angela Merkel punished by voters for dithering over Greek bailout

The German chancellor's Christian Democrats (CDU) dropped more than 10% in the election in North Rhine Westphalia, according to exit polls. The CDU, which polled 34.5%, and its coalition partner, the Free Democratic party (FDP) – which secured 6.5% – no longer have an outright majority.

Webmaster's Commentary: 

The media spin is that she should have acted sooner to save Greece, but in reality the polling is showing that the German voters were angry that Merkel was sending Germans' money to foreign nations at a time when Germany is suffering.

May 09 22:24

brussels: euro monster bailout nears $1 trillion

Europe on Monday agreed a package of crisis aid for troubled eurozone countries that Spanish finance minister Elena Salgado said could hit 750 billion euros with IMF involvement.

May 09 22:01

EU approves $560B crisis fund for Europe

Europe's finance ministers approved in an emergency meeting late Sunday a "stabilization mechanism" that could provide at least 440 billion euros (US $560 billion) for a crisis aid package aimed at ensuring financial stability across Europe.

Webmaster's Commentary: 

It's another bailout. Europe's banks will be saved and the Europeans will be plunged further into debt.

May 09 16:39

Has the Power Elite Over-Reached?

The hysteria of the mainstream media over the plight of the EU and the necessity to salvage it is misplaced. As is the perception of some in the alternative media that the elite has planned the current unraveling in detail and is on top of the situation. We think, in fact, that the EU, in various ways, is verging on becoming yet another failed elite promotion and, as we have written before, it couldn't happen to a more deserving bunch.

May 09 10:23

Disgruntled Germans go to polls with Merkel's coalition under threat

The UK has been so immersed in political fever that another highly significant election has gone almost unnoticed. When Germans go to the polls in state elections today, at stake will be not only the future of Angela Merkel's ruling coalition in Berlin, but also the direction of Europe's biggest economy.

May 09 10:09

Voting underway in crucial German state election

Germans are casting ballots on Sunday in the country's most populous state. The vote is seen as a test for Chancellor Angela Merkel’s federal government and polls suggest the ruling coalition is in trouble.

May 09 08:53

Britain says it will not back European bailout fund

BRUSSELS — Britain said on Sunday that it will refuse to underwrite a European Union bailout fund worth some 60 billion euros that finance ministers want to agree at emergency talks in Brussels.

"We wouldn't participate in a European bailout fund," a British diplomat told AFP of moves for all 27 EU member states to guarantee borrowings destined to bailout troubled economies in the crisis-hit 16-nation eurozone.

May 09 07:45

Americans Have Been Bailing Out Foreign Banks for Years ... And We're Getting Ready To Do It Again

So not only are Americans bailing out our own too big to fail banks, but we're bailing out foreign mega-banks as well.

Even though bailing out Europe might make sense if America was flush with cash, things are different now. As Congressmen Kucinich and Filner wrote last June:

Our country and this body cannot afford to spend American tax payer dollars to bail out private European banks.

In addition, the U.S. is - of course - also contributing tens of billions of dollars towards the Greek bailout through its contributions to the International Monetary Fund. Some allege that the U.S. will secretly help bailout of all of Europe. See this and this.

May 08 18:38

British taxpayers ordered to bail out euro

Britain faces paying out billions of pounds under a European Union deal intended to prevent another financial crisis like the one in Greece.

All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism. Britain will be unable to veto this as it will be put through under the “qualified majority voting” system.

The deal, effectively to shore up the euro, was denounced as a “stitch-up” last night after it emerged Nicolas Sarkozy, the French President and Angela Merkel, the German Chancellor, had devised it behind closed doors and were attempting to push it through at a time when there is no clear government in Britain.

May 08 08:03

Huge National Debts Could Push Euro Zone into Bankruptcy

Webmaster's Commentary: 

One more time; when a private central bank issues the public currency at interest, the system is a pyramid that lasts only as long as ever-larger pools of new borrowers can be found to allow the creation of new money with which to pay the interest on the old money. When new borrowers cannot be found, the pyramid collapses. When everyone in the nation (or planet) is already in debt and cannot be persuaded to borrow any more, collapse is inevitable because it is designed into the system from its inception.

Do you get it yet? The bankers designed a system that would eventually place all the wealth into their hands, but never planned what to do when they actually succeeded and society stopped operating.

And these same greedy bastard bozos want to run the world?

May 08 07:15

Merkel urged to put struggling Germans first

Mrs Merkel has reasons to fear voters' anger. A deeply unpopular rescue package for Greece, which critics say she tried to delay until after the vote, is being rushed through parliament this week.

Meanwhile, cities like Wuppertal in NRW are on the brink of bankruptcy.

May 06 11:25

Paul Krugman: most likely scenario is for Greece to “leave the Euro”

To put it another way, Greece will become essentially a Third World country. How did this happen? It happened because central banks around the world engaged in Keynesian “expansion” by creating Dollars, Euros, you name it. Keynesians believe that such action can go on forever without creating any consequences. As you can see, that simply is not true.

May 06 08:26

ECB Recommends Tight Limits on Greek Cash Transactions

While promoting the Euro as a safe store of value the ECB opts for tight limits on cash transactions in Greece, limiting the role of cash Euros as a medium of exchange, one of the fundamental functions of a currency.

May 06 08:09

Are France and Germany In Trouble?

You know that Greece, Portugal and Spain are in trouble.

You probably know that the UK is threatened by the falling dominoes.

But as the following Reuters chart shows (based on information provided by BIS), France and Germany are the largest holder of Greek debt:

May 05 07:01

Three dead as Greece protest turns violent

At least three people have been killed in the Greek capital as protesters set fire to a bank during a general strike over planned austerity measures.

The fire brigade said three bodies were found inside the Marfin Bank in Athens. Two other buildings are also on fire.

Petrol bombs were thrown at police who responded with pepper spray, tear gas and stun grenades.

May 05 03:23

Greece brought to halt by general strike over cuts

Greece is braced for mass protests as angry workers stage a general strike over planned austerity measures.

Measures include wage freezes, pension cuts and tax rises.

Flights in and out of Greece stopped at midnight, and trains and ferries were not running early on Wednesday.

Now that's what you call a strike - things are coming to a head there now

May 03 09:36

Unconditional support for Israel 'is dangerous', say leading European Jews

More than 3,000 European Jews, including prominent intellectuals, have signed a petition speaking out against Israeli settlement policies and warning that systematic support for the Israeli government is dangerous.

The petition's signatories include French philosopher Bernard-Henri Lévy and Daniel Cohn-Bendit, a Greens leader in the European Parliament.

n/a
May 01 07:32

Greek police and protesters clash as fury over economic chaos spills on to streets

Tens of thousands of protesters are gathering in central Athens and other Greek cities today for May Day rallies fuelled by anger at austerity measures needed to secure rescue loans for the near-bankrupt country.

n/a
Apr 28 09:56

ECB may have to turn to 'nuclear option' to prevent Southern European debt collapse

The European Central Bank may soon have to invoke emergency powers to prevent the disintegration of southern European bond markets, with ominous signs of investor flight from Spain and Italy.

Apr 28 09:42

S&P has just downgraded Spain debt from AA+ to AA, Outlook Negative

Apr 27 10:02

S&P on Greek Debt Downgrade to Junk Status: Options Are Narrowing

There is no way this stops with Greece. The PIIGS, Portugal, Italy, Ireland, Greece and Spain, are about to become bacon.

Webmaster's Commentary: 

As long as people allow themselves to accept pretty printed pieces of paper that cost the bankers pennies as actual money, only to return the full face value of that paper as labor plus interest back to the bankers then the people of the world will always live as slaves to the purveyors of pretty printed pieces of paper. The trap of the Reserve system of banking, in which all public currency is the result of a loan from a private central bank is that the moment that first pretty printed piece of paper goes into circulation, more money is owed to the bank than is actually in existence. Debt enslavement is built into the system.

From the bankers' point of view the solution to the debt is to squeeze the peasants harder; to flog them into accepting that they must make do with less so that the bankers may have more.

But from the point of view of the people, who have nothing left to be squeezed out, the more obvious solution is to start hanging the crooks who created the system in the first place, along with the government that sold out the people to the Federal Reserve's machinations almost 100 years ago.

Apr 25 09:47

Greek domino topples; Rest of the “PIIGS” next!

But in the bond market, it’s been anything BUT quiet. In fact, the first major sovereign debt domino toppled this past week — in Greece.

The Mediterranean nation is buried under a massive load of debts and deficits, and the numbers are shocking.

Webmaster's Commentary: 

Greece should serve as warning to the rest of the world that the push for globalism only benefits the globalists and will subject the people of planet Earth to perpetual debt slavery so long as they believe they should pay for the reckless behavior of government and business.

Clearly the people of Greece (and Iceland) are too smart to fall for that hoax. I hope Americans are just as smart.

Apr 25 09:28

Greece hit by new riots as pressure grows to quit euro

Apr 24 06:33

Hungary Financial Authority Fines Deutsche Bank For Swap Deals

Hungary's financial market authority PSZAF fined Deutsche Bank AG (DB) for weakening the Hungarian forint significantly Oct. 15 2008, when Hungary was hit hardest by the global credit crunch

Apr 24 06:16

Watch the Euro for Important Clues on Global Markets

If you’re looking for clues on where stocks, commodities and global economies are headed, you might be better served keeping a close eye on the euro, rather than on the incoming stream of corporate earnings reports.

That’s because the ongoing crisis in the euro zone, and the respective threat that Greece and the other weak spots in Europe are posing to the lifespan of the euro, has very significant implications for global markets.

Apr 24 06:15

Cover-up investigation bishop Vangheluwe

Cover-up investigation bishop Vangheluwe

The Roman-Catholic Church in Belgium is investigating whether bishop Vangheluwe, who resigned yesterday, covered up cases of sexual abuse concerning his collegues as well.
The bishop stepped down after confessing having abused his little nephew for years.

Now reports surface Vangheluwe knew about sexual abuse by other clergy, without acting.

Possibly he even consecrated a deacon into office whom he knew abused a boy. The deacon's victim by then had already committed suicide.

Apr 23 16:25

Trouble is brewing in Georgia

Relations between Russia and Georgia have turned even more frosty than they already were, over the past few months.

Apr 23 10:18

Greece calls on EU-IMF rescue loans

Greece has formally asked for the activation of an EU-IMF financial rescue package to help pull the debt-ridden economy out of its crisis.

It had hoped that just the promise of EU support, agreed last month, would have been be enough to reassure markets and help its recovery.

But Greece's problems have continued to hit investor confidence in the euro and other European economies.

Eurozone countries will now provide tens of billions of euros in loans.

Apr 23 08:48

Escalating Greek default fears rock Europe's debt markets

Goldman Sachs said it is expecting Greece to offer some sort of “voluntary debt-restructuring” to creditors over coming months.

Webmaster's Commentary: 

Actually, Greece needs to sue Goldman Sachs out of existence!

Apr 22 21:37

US Rules Out Removing Its Nukes From Europe

Despite increased calls from European officials to remove them, the United States today ruled out moving its hundreds of “battlefield nukes” from Europe, insisting that they must remain to ensure that Europe shares the “nuclear risks and responsibilities.”

Apr 20 12:06

POLAND: TRIUMPH AND TRAGEDY

The crash on 10 April of an airliner carrying Poland’s president, Lech Kaczynski, his wife and 94 of the nation’s political, military and economic leaders, was a heart-rending tragedy.

But for Poles, tragedy is a constant. Poland’s epic, thousand-year history has always alternated between extremes of tragedy and triumph.

The accident was especially bitter because President Kaczynski and his delegation were flying into the Russian city of Smolensk to attend the 70th anniversary of the notorious Katyn massacre.

Apr 17 17:40

Volcanic invisible (?) plume of grit closes Euorpean airspace

Volcanic ash causes air traffic chaos in Europe
14:57, April 17, 2010
The volcano in southern Iceland's Eyjafjallajokull glacier sends ash into the air Friday, April 16, 2010. Thick drifts of volcanic ash blanketed parts of rural Iceland on Friday as a vast, invisible plume of grit drifted over Europe, emptying the skies of planes and sending hundreds of thousands in search of hotel rooms, train tickets or rental cars. (Xinhua/AFP Photo)
After at least nine countries announced the closure of airspaces as a preventive measure on Thursday, Switzerland on Friday announced the closure of its airspace as the ash cloud approached, the official Swissinfo.ch news website reported.

Apr 16 06:56

Morgan Stanley fears German exit from EMU

Morgan Stanley has warned that the Greek debt crisis is setting off a chain of events that may prompt German withdrawal from the eurozone, with grim implications for investors caught off-guard.

Webmaster's Commentary: 

And a major kneecapping for the globalists.

Apr 15 05:08

Britain turns into no fly zone due to volcanic ash cloud

British airspace has been turned into a no-fly zone as all flights from and to the UK were suspended due to a massive volcanic ash cloud caused by an eruption in Iceland.

Apr 14 12:30

Cache less society have a look at crime.


The head of the Swedish Work Environment Authority (Arbetsmiljöverket) has raised the prospect of a ban on cash in Sweden's retail stores to help tackle the growing problem of robbery.

Same old script... Problem, action, solution.
At the same time here in sweden the crime is at a record low. But that wont stop the state own TV to send a documentary about how cache drives crimes and criminals. Do you also feel the foul smell of a coordinated PR drive?
But no one talks about the growing problem of robbery done by the government.

Apr 13 11:33

Did The Fed Just (Surreptitiously) Bail Out Europe?

Apr 10 08:25

Global Markets Giving Three More Warning Signals for the Euro

It’s been two weeks since the bailout speculation surrounding the Achilles’ heel of the euro zone, Greece, has had some closure.

European officials kept the balls in the air as long as they could in an attempt to distract speculators … to manage fears of a Greek and euro-zone crisis. It was a carefully orchestrated game of confusion.

The objective of the game: Tamp down negative sentiment toward Greece’s debt problems and the potential knock-on effect of other weak euro nations, and the resulting selling pressure against the shared currency of those nations — the euro.

Apr 06 15:58

Israel and the question of legitimacy

As the world wakes up to the reality of the colonial implant in the Middle East known as Israel, the hitherto unthinkable question of that implant’s legitimacy is on more people’s lips than ever before.

Thanks to the internet, which is allowing a growing number of ordinary people to learn the truth about Israel, and thanks to the brutality and barbarousness of the Zionist entity itself, the previously taboo question of how an essentially illegitimate and lawless rogue state came to acquire so much power and support in the United Stated and in the former imperialist powers of Europe is begging to be answered.

Apr 06 07:09

Why Greece Will Default

Bottom line: The EU may continue to throw sweet nothing kisses (and maybe some pocket money)to Greece, but the financial end is near. Greece may survive a year, until the intrest rate paymnets swallow the country up, but it may only have hours if traders say, "enough".

Mar 30 11:36

Europe unlikely to join any new yuan offensive

If Washington picks a fight with China over the weakness of the state-managed currency, it will do so without European reinforcement, not least because the euro has weakened in tandem with Greece's debt crisis.

n/a
Mar 29 10:03

How the European Parliament is spending your taxes

Here are highlights of the draft budget proposed by the European Parliament for its own building programme:

* €40 million for new office space in Brussels to accommodate the 150 new staff members and 66 contract staff
* €586 million to renovate and extend the European Parliament building in Luxembourg (you didn’t know that the European Parliament had a building in Luxembourg as well as Brussels and Strasbourg, did you?)
* €80 million to provide an additional office for each MEP for the accommodation of a third or fourth assistant
* €10 million for a second creche in Brussels
* €20 million for a “House of European History”

Mar 29 07:44

New EU Gestapo Spies On Britons

MILLIONS of Britons face being snooped on by a new European intelligence agency which has been handed frightening powers to pry into our lives.

Europol can access personal information on anyone – including their political opinions and sexual preferences – if it suspects, rightly or wrongly, that they may be involved in any “preparatory act” which could lead to criminal activity.

The vagueness of the Hague-based force’s remit sparked furious protests yesterday with critics warning that the EU snoopers threaten our right to free speech.

Mar 27 06:16

CIA paper reveals plans to manipulate European opinion on Afghanistan

Out-of-the-box' CIA think tank proposes concerns over women's rights, fear of terrorism as ways to boost support for Afghan war

Evidently spooked by the collapse of the Dutch government over the country's involvement in Afghanistan, the CIA has put together a strategy proposal to prevent what it fears could be a "precipitous" collapse of support for the war in Afghanistan among European allies.

A document marked "confidential / not for foreign eyes," posted to the Wikileaks Web site, suggests strategies to manipulate European public opinion on the war, particularly in France and Germany.

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