May 30, 2011




Ron FraserColumnist
Greece—the German Solution
May 30, 2011 | From theTrumpet.com

Germany started the Greek financial crisis—now it’s imposing its solution.

“Berlin has been planning for this crisis before it even adopted the euro. European elites knew it would eventually come. And they will soon present a solution.”
 
So wrote our editor in chief in our February 2009 edition.

That solution is now being imposed on Athens by Berlin.

As we predicted, Germany is now demanding that Greek assets be sold off in a fire sale to offset Greek debt. There is simply no alternative. Germany holds the whip hand in the eurozone and dictates conditions for the bailout of any country within the European Union. Berlin now has a complicit and compliant central banker heading the European Central Bank based in Frankfurt, the Jesuit-trained Mario Draghi. When the whole euro crisis is over, it will be game, set and match to Berlin and Rome—your Bible prophesies that result (Revelation 13).

The appointment of Mario Draghi—already holding the top position in the most powerful financial regulatory authority, the Financial Stability Board—to the world’s most powerful central banking presidency, brings with it a vital piece of the equation that is guiding the European imperial project. It’s a piece of the equation to which the press and mass media remain blinded, yet the record—which we have been documenting for over 70 years—speaks for itself. As Gerald Flurry wrote in the article quoted above, “[T]he Vatican obviously approved of the EU plan to take more power for itself. The real power of the EU revolves around Germany and the Vatican—as it has throughout the history of the Holy Roman Empire.

Weekly Southern African Report
From Jan Lamprecht
Southern Africa in Crisis
Sunday, 29th May 2011
From 1994-Present over 3,000 Farmers have been murdered in S.Africa.
Many thousands of their farm workers have also been murdered too.

Uganda: No End to LRA Killings And Abductions
Tuesday 24-May-2011: The rebel Lord's Resistance Army (LRA) continues to kill civilians and abduct children in remote regions of central Africa at an alarming rate with no end in sight.Nearly three years after the LRA beg (By News Poster)...
S.Africa: AFRIKANERBOND: THE SOUTH AFRICAN HUMAN RIGHTS COMMISSION AND MALEMA
Wednesday 25-May-2011: FOR IMMEDIATE RELEASE STATEMENT BY JAN BOSMAN CHIEF SECRETARY OF THE AFRIKANERBOND THE SOUTH AFRICAN HUMAN RIGHTS COMMISSION AND MALEMA - Human Rights now a political football - Malema hearin...
S.Africa: RACIAL WARFARE: Thoughts on Racial Unity - White unity & Black unity - How necessary is racial unity? Except for the ANC...
Friday 27-May-2011: I have had many whites on AfricanCrisis coming here over the years, expressing total despondency over the lack of racial unity among whites. Whites essentially are not a totally homogenous group. Whit (By Jan)...
S.Africa: Whites watch your back!
Monday 23-May-2011: Now that the elections have just been completed white South Africans are once again being confronted by the government making racist comments against the whites. And are these a warning of what could (By Paul)...
S.Africa: South Africa a ticking bomb
Tuesday 24-May-2011: ...
S.Africa: TOP SECRET - The ANC is screwing up the country so... SHUT UP THE NEWSPAPERS!!!
Thursday 26-May-2011: The ANC is pushing for a secrecy bill like crazy at the moment. The whole purpose of it is so that Govt officials can, willy nilly, declare almost anything SECRET so that the mass media can't writ (By Jan)...
Africa: Beyond the Privatisation of Liberation
Friday 27-May-2011: By Horace CampbellAs Africa celebrates Africa Liberation Day this week, the great challenge for the continent's peoples remains liberation from privatisation, writes Horace Campbell.South Africa is a (By News Poster)...

Hungarian Spectrum

 

Miklós Horthy: It is time to set things straight (I)


Miklós Horthy (1868-1957) was not a politician and thus he couldn't have been a statesman either. His education certainly didn't prepare him for a political career. At the age of fourteen he entered the Austro-Hungarian Monarchy's naval academy in Fiume (today Rijeka). It was a fairly unusual career choice for the son of a Calvinist family because Hungarian Calvinists usually voted for the Party of Independence and were no friends of the dual monarchy as it emerged in 1867, just a year before he was born. The official language of the academy was naturally German as was that of the entire Austro-Hungarian army. As a result Horthy spoke with a slight but distinct German accent all his life.

Horthy was good looking and personable but he didn't excel at the academy except in horseback riding and fencing. On the other hand, he was good in languages and thus served for many years at various Austro-Hungarian embassies as military attaché. At one point he was aide-de-camp of Emperor-King Franz Joseph whom he greatly admired.

How did he end up in politics? That is one of the mysteries of his life. After the war ended and there was no longer either a dual monarchy or an Austro-Hungarian navy, he retired to his modest family estate in Kenderes where he was born. However, after the Hungarian Soviet Republic was declared on March 21, 1919, he left Kenderes and went first to Arad (today in Romania) and later to Szeged where a counterrevolutionary government in exile had been formed under reluctant French tutelage. Since he was the only military man in the group he was made minister of defense.

Horthy is usually described as "a conservative who was distinctly inclined toward the right of the political spectrum." But the real problem was that he was a man who could be easily influenced. As a Hungarian diplomat observed, Horthy's political views could change within hours. It depended on who talked to him last. His other weakness was his great attachment to military men who especially after 1918 were steadily drifting toward the extreme right. Right-wing army officers left the Hungarian Republic in droves and gathered in Vienna or later in Szeged. The so-called National Army was made up exclusively of officers. These officers, unlike Horthy, were savvy when it came to politics and they decided that if they wanted to have a say in the politics of the future they should promote Horthy, who could represent their views against the politicians whom they detested.

May 29, 2011

[Comment] Corridors of silence


CATHY JAMES
27.05.2011 @ 17:38 CET

EUOBSERVER / COMMENT - Yesterday (26 May) in a lonely corner of the European Parliament, with a small but attentive audience, I heard something remarkable.

The setting was a public hearing organised by the Budgetary Control Committee of the European Parliament, the hearing was on the effectiveness of whistleblowers within EU institutions and the comment was by the authors of a study undertaken by Price Waterhouse Coopers as follows: "In each of the interviews we had for this study the interviewees indicated that top and line management in the EU institutions and agencies is not transparent and constructive. People are afraid to voice their opinion no matter what the topic is."


The Budgetary Control Committee of the European Parliament recently held a hearing on the effectiveness of whistleblowers within EU institutions (Photo: EUobserver)

The message is clear. No-one trusts our European institutions, not staff, not senior officials interviewed for the preparation of the report and certainly not those who have raised concerns and found the system is against them. No fanfare, no coverage of any significance and a web-stream taken down as soon as the hearing is finished.

One must assume that the study involved a significant amount of research – the fee for this report is rumoured to have run to six figures. The authors confirm that interviews were conducted with an impressive range of individuals including staff from the Commission itself, the European Ombudsman, the European Court of Justice, the European Court of Auditors, the European Investment Bank and OLAF (the anti-fraud investigative arm of the EU) and of course with whistleblowers. Not one positive story was uncovered, not one person thought the system was effective, not one person had anything constructive to say.

Now, one might question the veracity of the report itself (and there is much amiss with the content, including fundamental errors in the way that the UK law is explained) but this was not evident at the public hearing – no-one questioned the content and the report was not discussed in detail. Broad principles were mentioned, further work is needed, let's define terms and revise existing rules. Yet at core of the research is this fundamental factual statement indicating a culture of silence in which the fear of reprisal is all pervading.

All is not lost as there are some positive recommendations in the report about what should be done to change this culture – most of which are taken from our own BSI Code of Practice (see http://www.pcaw.org.uk/bsi/index.php) and at least there may now be a chance to tackle the deep routed cultural aversion to whistleblowing in Europe.

But the report itself demonstrates an almost schizophrenic approach to the issue. On the one hand it recommends better protection for whistleblowers and yet at the same time it suggests that malicious whistleblowers should be punished and their stories publicised.

Unless and until this culture of silence is tackled, we fear that nothing will change. A good starting point would be to protect workplace whistleblowers in the EU in the hope that this will result in a change in cultural perceptions across all member states.

Until that time, we should be worried – very worried that such a culture pervades the corridors of our European institutions, worried that those who speak truth to power within Europe are not protected.

The writer is Chief Executive at the UK based whistleblowing charity Public Concern at Work

http://euobserver.com/7/32414?print=1

May 28, 2011

http://www.zerohedge.com/themes/newsflash/logo.png

The European Gold Confiscation Scheme Unfolds: European Parliament Approves Use Of Gold As Collateral

Tyler Durden's picture


Wonder why Europe is pressing so hard for Greece (and soon the other PIIGS) to collateralize its pre-petition loans on a Debtor in Possession basis? Here is your answer: "Yesterday’s unanimous agreement by the European Parliament’s Committee on Economic and Monetary Affairs (ECON) to allow central counterparties to accept gold as collateral, under the European Market Infrastructure Regulation (EMIR), is further recognition of gold’s growing relevance as a high quality liquid asset. This vote reinforces market demand for a greater choice of assets that can be used as collateral to meet margin liabilities."

Luckily for Greece, it has 111.5 tons of gold in storage (somewhere at the New York Fed most likely). Looking down the road, Portugal has 382.5 tons, Spain 281.6, and Italy leads the pack with 2,451.8 tons.


Complete press release:

The Economic and Monetary Affairs Committee of the European Parliament has approved gold to be used as collateral confirming its status as a high-quality liquid asset

Yesterday’s unanimous agreement by the European Parliament’s Committee on Economic and Monetary Affairs (ECON) to allow central counterparties to accept gold as collateral, under the European Market Infrastructure Regulation (EMIR), is further recognition of gold’s growing relevance as a high quality liquid asset.


The Week in Review
May 28, 2011 | From theTrumpet.com
The new Egypt, Israel’s fading friend, the change in Spain, the value of Gwadar, living conditions in Britain, and going overdrawn—and not caring.

Middle East

Egypt will permanently open its crossing into the Gaza Strip on Saturday, Cairo military officials announced on Wednesday. This will be a major security agreement breach with Israel; as part of the peace agreement following Israel’s Cast Lead operation four years ago, Egypt agreed to close its border to help stop Hamas from smuggling in weapons and bomb-making material from Egypt. Egypt’s Middle East News Agency said Egypt’s new military rulers are opening the Rafah crossing as a way to promote “national reconciliation” between Palestinians in Samaria and Gaza and “to end the status of the Palestinian division.” But the opening of Rafah also shows just how quickly the Egyptian-Israeli security agreement may be breaking down, and reveals how quickly Iranian-minded elements in Egypt are gaining power.

Deposed Egyptian President Hosni Mubarak will stand trial for the murder of protesters and other crimes, Egypt’s prosecutor general announced on Tuesday. If convicted, the former president could face the death penalty. His sons, Gamal and Alaa, will also stand trial on the same charges. Hopes that Mubarak would be spared the indignity of such a trial were quashed by the reality of the new Egypt. Again, it appears the decision by Egypt’s rulers to indict the former president was at least partly prompted by the strong anti-Mubarak sentiment among the people. The charges were announced just days before tens of thousands of protesters were expected to rally in Cairo on Friday to demand tougher action against the Mubaraks.
Egyptian Foreign Minister Nabil al-Araby was chosen by Arab League member states as the organization’s new secretary general on May 15. Egypt had switched its nomination at the last minute from former parliamentarian Mostafa al-Fiqqi, who had connections with the Mubarak regime, to Al-Araby, who is known for his nationalist and pan-Arab views and who has taken Egypt’s foreign policy in a decidedly anti-Israel direction in the short time he has been foreign minister. Several states and many Egyptians had been against Al-Fiqqi’s nomination. This is yet another example of Egypt’s new rulers appeasing anti-Israel forces. Al-Araby will take up his new post July 1.

Is Democracy the Path to Peace?

President Barack Obama greeted Israeli Prime Minister Benjamin Netanyahu at the White House this week, commenting on the close relationship between Washington and Jerusalem. The United States and Israel appear to want the same thing. By working toward freedom and democracy in the Middle East, the president and the prime minister hope to bring peace. Like President Bush before him, President Obama talked about the “oppressive” nature of certain terror-sponsoring states. What we are seeing, in terms of policy, is a remarkably degree of continuity between Obama’s policies and Bush’s policies.

In his turn, Prime Minister Netanyahu firmly stated that Israel cannot go back to the 1967 border because “these lines are indefensible.” According to the Israeli leader, “I’ve discussed this with the president. I think he understands.” Netanyahu further noted, “Hamas has just attacked you, Mr. President, and the United States, for ridding the world of bin Laden; so Israel obviously cannot be asked to negotiate with a government that is backed by the Palestinian version of al Qaeda.”

Netanyahu said that the Palestinians had to make a decision: either make peace with Israel, or keep faith with Hamas. “To make peace, the Palestinians will have to accept some basic realities,” Netanyahu explained. Israel cannot return to its 1967 border. In 1948 there were Palestinian refugees and also Jewish refugees. The small Jewish state absorbed the Jewish refugees from that war. The Arab world did not absorb the Arab refugees. According to the Israeli prime minister, the Arabs themselves must solve this problem. Having said this, Netanyahu told President Obama that he was committed to peace.

May 27, 2011

Georgia rejects EU criticism of Tbilisi violence

ANDREW RETTMAN
Today @ 09:29 CET

EUOBSERVER / BRUSSELS - Georgia's ambassador to the EU has said the European Commission made misleading statements about street clashes in Tbilisi that left almost 40 people in hospital and two dead.

Speaking to EUobserver on Thursday (26 May) in Brussels, Salome Samadashvili said EU institutions and member states have not delivered any form of official complaint to Georgia about the events despite commission claims.

Georgia broke away from the Soviet Union
20 years ago, but serious tensions remain
(Photo: wikipedia)
"No one has communicaed these kinds of comments to us about what happened - not any representative of the commission nor any EU member state either here or in Tbilisi. So we were very surprised to hear this line," she explained. "Up till now I have not heard anything, anything. The commission spokesperson's statement is not in line with the truth."

Earlier the same day commission spokeswoman Natasha Butler told press that Brussels is "concerned" about the "regrettable" events and warned Georgia "not to use violence as a means for political ends."

"We urge the need to maintain law and order but as we have already told the Georgian government this needs to be done in an appropriate way and the EU therefore urges the Georgian government to investigate all allegations of excessive use of violence."

Riot police on Thursday attacked anti-government protesters on Rustali Avenue in Tbilisi with water cannon, tear gas and rubber batons fifteen minutes after their permit to hold the demonstration expired at midnight. The protesters fought back with sticks and flag poles. Two people died after being hit by a car.

 THE ASTUTE BLOGGERS 


EXPOSING LEFTIST PROPAGANDA *** HIGHLIGHTING UNDER-REPORTED NEWS *** PROMOTING UNIVERSAL HUMAN RIGHTS ***
 
THE REAL PURPOSE OF OBAMA'S EUROPEAN PUB CRAWL WAS ACCOMPLISHED: G8 ANNOUNCE SUPPORT FOR OBAMA'S 1967 BORDERS STATEMENT
JPOST:

The G8 called for a renewal of negotiations between Israel and the Palestinians and expressed support for US President Barack Obama's peace plan, in a statement released Friday.

... "To that effect, we express our strong support for the vision of Israeli-Palestinian peace outlined by President Obama on May 19, 2011."
... The statement also called for "the easing of the situation in Gaza"
THEY DID COME OUT AGAINST ANY UNILATERAL STATEHOOD ACTION - WHICH IS GOOD, BUT THEY SHOULDN'T HAVE EXPLICITLY ENDORSED OBAMA'S DECLARATION THAT THE 1967 BORDERS SHOULD BE THE BASIS OF LAND SWAPS. THIS IS THE ARAB POSITION, AND IT MEANS THEY HAVE TAKEN SIDES AND ARE NOT NEUTRAL.

AND ANOTHER THING:

HAVE YOU NOTICED HOW THE G8 MAKE NO STATEMENT ON CHECHNYA OR THE BASQUES OR NORTHERN IRELAND OR TIBET OR THE BREAK-UP OF BELGIUM. OR ANY OTHER INDEPENDENCE MOVEMENT?

WHY DO THEY MEDDLE IN ISRAEL'S AFFAIRS?

WELL, AS EUROPEANS AND LEFTISTS THEY BASICALLY HATE JEWS.

AND AS COWARDS THEY APPEASE MUSLIMS.

LIKE WHEN THEY CARVED UP SERBIA TO MAKE YET ANOTHER MUSLIM STATE - KOSOVO.

THE SAD TRUTH IS: PEACE HAS NEVER BEEN ACHIEVED THROUGH APPEASEMENT.

ONLY UNCONDITIONAL SURRENDER TURNS A VIOLENT FOE INTO AN ALLY.

SIGH.

IF THEY REALLY WANTED PEACE IN THE MIDDLE EAST, THEN THEY'D USE ALL NECESSARY LETHAL FORCE AND ATTACK KHADAFFY AND HAMAS AND HIZBALLAH AND ASSAD AND THE MULLAH TYRANTS IN IRAN.

ULTIMATELY, THE ROAD TO PEACE GOES THROUGH TEHRAN.

http://astuteblogger.blogspot.com/2011/05/real-purpose-of-obamas-european-pub.html
http://2.bp.blogspot.com/_8v_cvxgMx3o/TGlqdzNnxyI/AAAAAAAACDQ/YF1DGcGIyZU/s320/Telegraph-co-uk.JPG

What happens when Greece defaults 
It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be longer than that). Given that the ECB has played the “final card” it employed to force a bailout upon the Irish – threatening to bankrupt the country’s banking sector – presumably we will now see either another Greek bailout or default within days.

What happens when Greece defaults. Here are a few things:

- Every bank in Greece will instantly go insolvent.

- The Greek government will nationalise every bank in Greece.

- The Greek government will forbid withdrawals from Greek banks.

- To prevent Greek depositors from rioting on the streets, Argentina-2002-style (when the Argentinian president had to flee by helicopter from the roof of the presidential palace to evade a mob of such depositors), the Greek government will declare a curfew, perhaps even general martial law.

- Greece will redenominate all its debts into “New Drachmas” or whatever it calls the new currency (this is a classic ploy of countries defaulting)

- The New Drachma will devalue by some 30-70 per cent (probably around 50 per cent, though perhaps more), effectively defaulting 0n 50 per cent or more of all Greek euro-denominated debts.

- The Irish will, within a few days, walk away from the debts of its banking system.

May 26, 2011

Ashton goes against US and Israel on Hamas

ANDREW RETTMAN
25.05.2011 @ 17:40 CET

EUOBSERVER / BRUSSELS - EU foreign relations chief Catherine Ashton has indicated the bloc is willing to work with the new Palestinian unity government despite US and Israeli opposition.

Ashton made the announcement in a press briefing in Brussels on Wednesday (25 May) about the EU's reaction to the Arab spring.


Ashton (r): 'With caution we are moving to try and support his [Abbas] efforts' (Photo: consilium.europa.eu)

"I understand President Abbas' desire to move forward on reconciliation. We have all argued there needs to be a reconciliation and with caution we are moving to try and support his efforts. I say caution because we understand it needs to be based on principles of non-violence," she said, referring to Palestinian Authority head Mahmoud Abbas.

May 25, 2011

 
A Free Market of Ideas on Freedom


 
Choosing Between RINOs and Libs
Burt Prelutsky—5/25/11
For several weeks now, I've been involved in email debates with some of my fellow conservatives. They've been on my case ever since I pointed out that a Republican-lite is preferable to a Democrat. I swear, if this were the Middle Ages, they'd have me burned at the stake for heresy.

Are Climate Models Lying About Food Too?
Dennis T. Avery—5/25/11
Computer models at Stanford University have just "told" us that man-made global warming has already sapped some of the yield potential from our food crops. They say wheat yields would have been 5.5 percent higher since 1980 without the earthly warming; corn yields would have been 3.8 percent higher.

On Patriotism
Fred Reed—5/24/11
Patriotism is everywhere thought to be a virtue rather than a mental disorder. I don't get it. If I told the Rotarians or an American Legion hall that "John is a patriot," all would approve greatly of John. If I told them that patriotism was nothing more than the loyalty to each other of dogs in a pack, they would lynch me. Patriotism, they believe, is a Good Thing.

The Return of the Unicorn
Michael R. Shannon—5/24/11
Last week an intrepid reporter tracked down a creature long thought to be extinct along these shores. It appeared in the guise of Retired U.S. Air Force Brig. Gen. John W. Douglass a man who claimed in an interview that he's a "conservative Democrat." Unfortunately for his family, like the man who claims the world will end May 21st or Obama has a plan to cut spending, Douglass suffers from delusions. What else can account for a man who the HuffPost says "campaigned vigorously for Hillary Clinton and then Barack Obama" describing himself as a "conservative."

Obama's Folly: The Illegal War in Libya
J. D. Longstreet—5/24/11
Well, Gaddafi is still alive and kicking -- and fighting the so-called Libyan "rebels" to a stand still. Some refer to it as a stalemate, others as a quagmire. No matter what you choose to call it, it is a confounded mess! And it is as embarrassing (as all get out) to the Obama Administration, the political left, the leftist media, and to NATO. As we have learned, all to often with Obama, rules and regulation -- and much of the US Constitution -- do not seem apply to him and his cohorts.

The Not So Great Debate
Burt Prelutsky—5/23/11
In the wake of the GOP debate in South Carolina, I have decided that Herman Cain was not only the clear-winner, but that he's now the guy to beat. He's bright, speaks well and seems to be free of the sort of baggage that career politicians always seem to be carting around. Even when given the opportunity, Mitt Romney refuses to disown RomneyCare, while Newt Gingrich is being ridden piggyback by a sex life that even has Bill Clinton shaking his head and going "Oh my!"

Bogus Sex Scares Used to Ban BPA - The BPA File, Part Five
Alan Caruba—5/23/11
Over the course of the first four elements of The BPA File, we have documented a massive, global campaign to ban bisphenol-A, BPA, a chemical that has been safely used for more than a half century to protect metal and plastic containers for food and liquid against spoilage and the resulting hazard to health.

Oil ''subsidy'' and ''tax breaks'' nonsense
Paul Driessen—5/23/11
President Obama frequently says Americans "need to end our $4 billion in annual taxpayer subsidies to oil companies." The latest Democrat bill would have repealed some $2 billion of what Senator Charles Schumer (D-NY) and others call "subsidies" and "special tax breaks" for Big Oil. That's baloney - shameless demagoguery that will inflict further damage on our struggling economy.

The Commandments
Burt Prelutsky—5/20/11
Lately, I've been thinking about the 10 Commandments, and it strikes me that the hardest one to accept is the one about honoring one's parents. This isn't to malign my parents or yours, but merely to suggest that with a little sincere effort and a normal amount of will power, the other nine aren't really that difficult to abide by.

http://www.globalpolitician.com/images/globalpolitician.gif

June 2021: Ten Predictions for the Coming Decade


Sam Vaknin, Ph.D. - 5/24/2011
1. Italy, the euro, and the US dollar

On November 24, 2010, I published (in Global Politician and elsewhere) an article titled “Italy will Kill the Euro”. Six months later, credit rating agencies have downgraded Italy’s outlook from “stable” to “negative”. Italy is in worse shape than most members of the European Union (EU): at 6% of GDP, it has an ostensibly sustainable budget deficit, but its external debt (now close to 120% of GDP) is higher than that of the most egregious wastrels in the bloc, Greece and Ireland included. Italy's banking sector is over-exposed to borrowers in Central and Eastern Europe, a region habitually pendulating between recovery and economic calamity. If Italy goes Greece's and Ireland's way, the EU and the International Monetary Fund (IMF) - already over-extended by serial bailouts - will be unable to stem the red tide. Italy may actually effectively default and, in the process, ruin the euro and restore the US dollar to its erstwhile glory.

2. Korean Unification

By late 2010, a succession war was simmering in North Korea. His panoply of suddenly-bestowed senior political and military posts notwithstanding, the generals and military establishment are less than happy and impressed with Kim Jong-un, the younger son of the Dear Leader, Kim Jong-il. Each side flexes muscles in an attempt to burnish their nationalist and martial credentials. The outcomes of this internecine conflict are ominous: a series of ever-escalating military skirmishes with South Korea and the ramping up of North Korea’s already burgeoning nuclear weapons program.



North Korea’s leaders are likely to try to reform their country’s economy and introduce capitalism, but this will fail. The regime in North Korea is all but dead on its feet. These are its last days. China is facing the terrifying spectacle of a crony failed state with tens of millions of starved and destitute potential refugees swarming across its porous and indefensible borders. There is only one solution to all the problems of the Korean Peninsula: unification. The parties came close to discussing it in secret talks in 2002 and then again in 2009.



3. China’s Economy and the Second Great Depression



As I predicted in an article published on February 22, 2009 and titled “The Next 18 Months: Recession, False Recovery, Depression”, the years 2010-2011 saw a false recovery from the Great Recession of 2008-2009. Mounting sovereign debts crises in Europe and an anemic rebound in America’s economy were more than outweighed by the emergence of Asia as a global powerhouse. Yet, the warning signs were there: China’s economic “miracle” was based on unsustainable dollops of government largesse and monetary quantitative easing. This led to the formation of asset bubbles (mainly in real-estate) and to pernicious inflation. The Chinese authorities’ attempts to clamp down on rampant speculation and price gouging are too little, too late. The economy will slow down considerably and the Chinese house of cards will collapse ominously and swiftly. This will bring the entire global economic edifice into disarray with mounting imbalances and increased risk-aversion among investors. The second phase of the global crisis will resemble closely the Great Depression with massive write-offs in the values of equities and mounting, two-digit, unemployment rates everywhere.



4. Israeli-Arab War


May 24, 2011

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Corsi: Trump Conspired With Obama To Neutralize Birther Controversy

Author says he is about to blow the whistle on who helped forged the long form birth certificate


Image: Wikimedia Commons

Paul Joseph Watson
Propaganda Matrix
Monday, May 23, 2011

StumbleUpon







As he prepares to release shocking new evidence and name the people who he claims were behind the forgery of Barack Obama's long form birth certificate, author Jerome Corsi sensationally accused short-lived Republican presidential candidate Donald Trump of "working with Obama" to neutralize the birther controversy.

Appearing on the Alex Jones Show, Corsi said that he now completely discounted the apparent efforts of Donald Trump to force the release of Obama's birth certificate, stating, "I'm completely convinced at this point Donald Trump was subterfuge, that he.... was working with Obama."

Trump's role according to Corsi was to "beat the drums big" and craft a false resolution to the controversy in order to make the press "go to sleep" and get his $60 million dollar television contract with NBC, owned by General Electric, which is closely allied with the Obama administration.

Regarding who actually helped the administration create the forgery, Corsi pointed out that "they were stuck with the guys who were close to them," because putting out a proposal for outside experts to forge the document would have been far too risky.


May 23, 2011

BBC News Europe

Spanish socialists suffer heavy election losses


Spain's governing Socialist party has suffered heavy losses in local and regional elections.
With 91% of municipal votes counted, the centre-right Popular Party (PP) had almost a 10-percentage point lead, the interior ministry said.
Prime Minister Jose Luis Rodriguez Zapatero conceded defeat but ruled out early general elections.
Voting took place amid mass protests against high unemployment and the government's handling of the economy.
Young demonstrators holding sit-ins in Madrid and other cities said rallies would continue for another week.
Mr Zapatero said three years of economic crisis had taken their toll.
"It destroyed thousands of jobs. It is a crisis that had profound effects on citizens' morale. I know that many Spaniards suffer great hardship and fear for their futures," he said.
"Today, without doubt, they expressed their discontent," he added.
However, he vowed to pursue job-creating reforms until the end of his mandate. At this point, a general election must be held by March of next year.
Bastions fall Jubilant PP supporters celebrated outside their party headquarters in Madrid as the final votes were being counted.
The party was heading to victory in virtually all 13 regional governments up for grabs, including Castilla-La Mancha where the Socialists have always held power.
In municipal elections, the PP won by about two million votes, compared to its victory margin of 150,000 in 2007.
The Socialist party also lost bastions such as the town halls in Barcelona and Seville.
Prime Minister Zapatero's government has been struggling to overcome recession and create jobs.
Spain's overall jobless rate soared to 21% in the first quarter of this year, the highest in the industrialised world. Youth unemployment stands at 45%.
Meanwhile, thousands of young protesters remain camped out in squares across the country.
What began as a sit-in in Madrid's central Puerta del Sol square a week ago has turned into a national protest movement popularly known as 15-M.
About 30,000 people were estimated to have occupied the central square in the run-up to the vote.
The protests, which have also taken place in cities including Barcelona, Valencia, Seville and Bilbao, have so far been peaceful.
Demonstrators defied a government ban on political protests on the eve of the election.
On Sunday protesters in Puerta del Sol voted to stay in the square until at least 29 May.
"Our zeal to press on is at maximum level," said spokesman Francisco Minarro, 32.

http://www.bbc.co.uk/news/world-europe-13496038?print=true

May 22, 2011

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20 May 2011 11:15 AM

Rettet unser Geld: Germans realise the euro-fraud is endangering their prosperity

 

Hans olaf henkel wiki This is cheering stuff. Hans-Olaf Henkel, a former head of the Federation of German Industries and a member of the boards of Bayer and Daimler Aerospace  - in other words, a German big cheese -- has just written a book called 'Save our money! Selling off Germany: How the euro-fraud is endangering our prosperity.'

This is exactly what I want to hear from Germany: Rettet unser Geld! Save our money! Back to the deutschmark! (A hat tip to the European Voice for spotting the book in the arrivals hall of Berlin's Tegel airport last week).

Herr Henkel, along with millions of other Germans, has woken up to the damage the eurozone and the eurozone so-called rescue is doing to their country. The book is sold next to a poster that says: 'Spending on education and research: 11 billion. Spending on euro rescue: 22 billion.'

May 21, 2011

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Government Orders You Tube To Censor Protest Videos


Paul Joseph Watson
Infowars.com
May 20, 2011

Government Orders You Tube To Censor Protest Videos 200511top


In a frightening example of how the state is tightening its grip around the free Internet, it has emerged that You Tube is complying with thousands of requests from governments to censor and remove videos that show protests and other examples of citizens simply asserting their rights, while also deleting search terms by government mandate.

The latest example is You Tube’s compliance with a request from the British government to censor footage of the British Constitution Group’s Lawful Rebellion protest, during which they attempted to civilly arrest Judge Michael Peake at Birkenhead county court.

Peake was ruling on a case involving Roger Hayes, former member of UKIP, who has refused to pay council tax, both as a protest against the government’s treasonous activities in sacrificing Britain to globalist interests and as a result of Hayes clearly proving that council tax is illegal.

Hayes has embarked on an effort to legally prove that the enforced collection of council tax by government is unlawful because no contract has been agreed between the individual and the state. His argument is based on the sound legal principle that just like the council, Hayes can represent himself as a third party in court and that “Roger Hayes” is a corporation and must be treated as one in the eyes of the law.


The Week in Review
May 13, 2011 | From theTrumpet.com
Egypt, Yemen and Syria in upheaval; Spanish incursions into British waters; Europe Day in Brussels; shadows of the Reich; and the menacing Mississippi.

Middle East

Thirteen people were killed and 232 wounded in clashes between Muslims and Christians outside a church in Cairo on May 7. Violence began around 5 p.m. as Muslims massed outside the St. Mena Church, prompted by a rumor that a Christian woman who married (or had an affair with—the reports disagree) a Muslim was being imprisoned in the church. These types of rumors are common in Egypt, and commonly proved false. The Copts rallied to protect their church. Both sides brought guns, and the conflict quickly turned violent. The nearby Church of the Virgin Mary was burned to the ground. Muslims have also attacked other Christian churches across the country, prompting calls for international protection from the Coptic community. Around 1,000 demonstrated outside Egypt’s state tv headquarters on May 9 to criticize the army’s handling of the clashes and call for international intervention. Watch for the Vatican to take the lead in answering that call.

Meanwhile, former President Hosni Mubarak’s detention was for a second time extended a further 15 days on Tuesday. Mubarak is currently under arrest in a hospital in Sharm el-Sheikh as part of an inquiry into corruption and protester deaths. Also on Tuesday, former Tourism Minister Zuheir Garranah was sentenced to five years of jail time on charges of fraud. Last week, former Interior Minister Habib al-Adly was also convicted of corruption and given a 12-year jail sentence.

In Syria, the crackdown on anti-government protesters continues, with security forces arresting hundreds of activists and demonstrators in house-to-house raids across the country and violent confrontations continuing between protesters and security forces. The civilian death toll has reportedly reached over 700 since the unrest began in mid-March.

In Yemen, fighting and chaos continue as President Ali Abdullah Saleh and opposition figures remain at a stalemate in negotiations over when and how the Yemeni leader should step down. Opposition activists have been holding daily protests since January demanding the ouster of Saleh. On Monday, security forces opened fire on protesters in the southern city of Taiz, where Yemen’s largest demonstrations have been held. Wednesday saw the worst violence the country has seen in months, with 13 people being killed. A confrontation between protesters and government-allied army units in the capital, Sana, lasted for hours before army units loyal to the protesters stepped in and started fighting the government troops. The Financial Times reports that rival factions have moved into battle positions throughout the country and in the capital.

 
A Free Market of Ideas on Freedom
 


The Commandments
Burt Prelutsky—5/20/11
Lately, I've been thinking about the 10 Commandments, and it strikes me that the hardest one to accept is the one about honoring one's parents. This isn't to malign my parents or yours, but merely to suggest that with a little sincere effort and a normal amount of will power, the other nine aren't really that difficult to abide by.

Nimbys, Bananas, and Greens
Tom DeWeese—5/20/11
Prices at gas pumps are at some of the highest levels ever and rising. Americans want answers. In particular they want the names and numbers of those to blame. To answer that question perhaps they should simply consult the phone book or look in the mirror. Because the main culprits in the rising gas prices aren't necessarily members of OPEC, but the American people who support policies that block new drilling and the building of new refineries on American soil. It's that simple.

We Are Better Than Them
Burt Prelutsky—5/18/11
In the wake of Osama bin Laden's execution, I heard a lot of people spouting sheer poppycock. Some of these schmoes felt we had no business taking care of business in another country. Considering that the country in question was Pakistan, a nation that even really rotten, corrupt countries look down upon, that's a position not even worth debating.

The United States of Stupid
Alan Caruba—5/18/11
In 1983, the National Commission on Excellence in Education released a report titled "A Nation at Risk" that documented nationwide failure in American schools. Not much has changed since then and the federal takeover of school curriculums and testing methods has mercilessly continued with the Bush administration's No Child Left Behind and the Obama administration's Race to the Top.

Mississippi Flood Control Is Working
Dennis T. Avery—5/18/11
Churchville, VA-The anguish in the news media over the opening of the spillways along the Mississippi is a gorgeous example of the journalists' determination to find sorrow and danger at every turn in our lives. The AP lamented earlier this week that "Over the next few days, water spewing through a Mississippi River floodgate will crawl through the swamps of Louisiana's Cajun country, chasing people and animals to higher ground while leaving much of the [farm] land under 10 to 20 feet of brown muck."

Leaders Are Like Eagles. They Don’t Flock.
J. D. Longstreet—5/18/11
I've been thinking about leadership the past few weeks. Normally, I don't spend a great deal of time sitting around pondering leadership. However, when a Presidential election looms, I do.

The Inexpressibly, Unthinkably Obvious
Fred Reed—5/17/11
I have just read Jared Taylor's new book, White Identity. The title might lead one to expect racial ranting, but there is none. It is a good read. Jared deals thoughtfully with America's changing racial and ethnic make-up and the probable consequences. He is usually painted as a hate-monger who regards his bed sheets as evening wear, wants (as Lincoln did) to send blacks back to Africa, shoot Hispanics, and blame Jews for sun spots and loose fillings. Alas, he fails to perform. The book is no more extreme than Pat Buchanan, well documented, and utterly incorrect politically. His crime is asking questions one mustn't because the answers come up wrong.

Rants, lies, subsidies and job-killing policies
Paul Driessen—5/17/11
President Obama's views on oil, natural gas and energy prices require just 44 words from his speeches. "We have less than 2% of the world's oil reserves. We're running out of places to drill. We're running out of oil. We need to end our $4 billion in annual taxpayer subsidies to oil companies. We need to invest in clean, renewable energy."
As Congressman Joe Wilson would say, That's a lie! Or at least a deliberate distortion of facts.

Newt's Done! So, Apparently, Is The GOP!
J. D. Longstreet—5/17/11
Newt Gingrich's ambition to be President of the US did not take a shot in the foot over the past weekend - it was a headshot! You can stick a fork in him 'cause ... he's DONE! Either Newt, or his campaign folks, grievously misread conservative voters concerning the nation's financial mess and socialized medicine.

My Condolences to the Democrats
Burt Prelutsky—5/16/11
I know that sometimes I come off as a hard-nosed, cold-hearted cynic, with nary a compassionate bone in my body. While it's not entirely a well-honed act, there are those occasions -- rare as they may be -- when even I am moved by the plight of others.

Obama vs. Israel
Alan Caruba—5/16/11
Is Obama a Muslim? Does Obama hate Israel? Will Israel be attacked again? Will Iran nuke Israel? Has Maghreb and Middle Eastern turmoil flummoxed the White House? Why did Obama bow to Saudi Arabia's king? Questions, questions, questions?

Georgian authorities claim opposition leader received $ 13 million from Russia for coup


Publication time: 20 May 2011, 13:35

The ordinary Russian millions have allegedly already moved into Georgia, the Georgian authorities say.

Some Georgian media outlets published information that the Russian secret services and the Department of Defense, which is in charge of the Southern Military District (SMD), appropriated Nino Burjanadze and her entourage $ 13 million, 7 million out of which for the Caucasus department of the Russian special services, and 6 million for the department of SMD.

The amount Burjanadze is allocated for the implementation of specific plans in Georgia, the points of which are written in stages.

The main details of the plan are as follows:
 
- The overthrow of the government of Georgia through the dispensation of the riots and taking the power.

May 19, 2011

"What has Britain become ?"


WHO WE ARE

A HIDDEN TAKEOVER

THROW THE EU OUT

THE KINGDOM AND THE POWER 

THE MYTH OF GLOBAL WARMING


The following new videos are now all on You Tube.

They are an attempt to summarise where we Brits find ourselves today, how we allowed ourselves to be driven here, and why.

They are also intended to plant a few signposts as we struggle to find a way out of our current largely self-induced problems.

http://www.ashleymote.co.uk/?p=3320

 

Press Summary Archive


ECB slams EU leaders’ talk of a possible Greek debt restructuring

Thursday, May 19, 2011
The ECB yesterday hit back at suggestions from EU leaders that there could be some form of restructuring of Greek debt, highlighting a behind the scenes row between the ECB and European politicians. The FT reports that, earlier this month, Jean-Claude Trichet, ECB President, walked out of a meeting with Jean-Claude Juncker, Prime Minister of Luxembourg, after Juncker brought up the possibility of a ‘soft restructuring’ of Greek debt. Jürgen Stark, another ECB executive board member, warned that following a restructuring, Greek bonds would no longer be eligible for use as collateral in exchange for lending from the ECB – without which the Greek banks would most likely fail. FAZ argues that the ECB is acting in its own self interest as it would face huge losses from a restructuring given its large holdings of Greek debt.

Europolitics reports that, during a debate in Brussels, Deutsche Bank's Chief Economist Thomas Mayer lashed out at the ECB saying that delaying the possibility of restructuring until 2013 was not "credible" and that the EU was "sweeping things under the carpet and sending the bill to the taxpayer".

The Greek press reports that Greek Finance Minister George Papaconstantinou has announced large layoffs in the public sector, a freeze on hiring for 4 years, severe pension cuts and the hiring of private sector firms to oversee the privatisation programme. Separately, Bild reports that the German share of the €700bn permanent eurozone bailout fund (ESM) could be up to €190bn.
FT Irish Times CityAM Expansión Les Echos FT 2 FT 3 Telegraph Reuters 1 Reuters 2 Reuters 3 Reuters 4 Handelsblatt Telegraaf Telegraaf Z24: Nijhous NOS FAZ Eleftherotypia Kathimerini Naftermporiki Vima Nea Guardian SVD IHT Europaportalen Reuters FT 4 Irish Times 2 Irish Times 3 Irish Times 4 Irish Independent Le Figaro WSJ: Smith WSJ: Dalton WSJ: Barley Bild Europolitics Handelsblatt

Dominique Strauss-Kahn resigns as Head of IMF
Following yesterday’s resignation of IMF Chief Dominique Strauss-Kahn, French Economy Minister Christine Lagarde is increasingly emerging as his possible successor, notes El País. Les Echos reports that Dutch Central Bank Governor Nout Wellink has said that ECB President Jean-Claude Trichet would be a “formidable” candidate for the post, while former UK Prime Minister Gordon Brown’s candidacy is losing momentum. An editorial on the front page of Le Monde notes that Strauss-Kahn’s resignation increases uncertainty over the future of the eurozone because it arrives “at a time when [Jean-Claude Trichet] another key tutelary figure of the [European] monetary union is about to retire.”
FT EurActiv European Voice European Voice 2 Guardian BBC BBC: Today EUobserver EUobserver 2 EurActiv France Les Echos Les Echos 2 CityAM El País

EUobserver reports that Norio Maruyama, Japan’s ambassador to the EU, has said that EU Foreign Minister Baroness Catherine Ashton’s proposal to lift the EU’s arms embargo on China was a “mistake” and caused “concern” in Japan.EUobserver

EUobserver reports that EU member states have agreed to impose a visa ban and asset freeze on Syrian leader Bashar al-Assad and nine other regime members. EUobserver SVD

On Conservative Home, Martin Callanan, the leader of the Conservative MEPs, writes that two of the EU’s central projects, the euro and the Schengen border-free zone, are in “turmoil”. In reference to the EU budget Callan cites Open Europe’s research on wasteful EU spending.Open Europe research Conservative Home: Callanan

European Voice reports that France and the UK are leading calls to freeze the EU's 2012 budget. Christine Lagarde, France's Finance Minister, has said any increase in the budget “should certainly not be even at the level” of this year's 2.9% increase on the EU's 2010 budget.European Voice

The WSJ reports that Polish Finance Minister Jan Vincent-Rostowski has said that Poland may not adopt the euro by the end of the next term of the ECB President, which is due to expire in 2019. Finance ministry officials had previously discussed the possibility of Poland joining the single currency between 2014 and 2016.WSJ

The FT reports that eight countries have lodged formal complaints with the Commission, on the grounds of ‘subsidiarity’, over its plans for an EU-wide Common Consolidated Corporate Tax Base.FT

Yle reports that there are currently six potential members of the next Finnish coalition government. The parties will meet today and tomorrow to begin discussions on forming a coalition, however, given the size of the group no deadline for completion of the talks has been set. Election expert Risto Uimonen is quoted arguing that having six parties in a coalition would make it incredibly difficult to enact a programme for government. Yle Yle2 Yle3 Helsingin Sanomat Helsingin Sanomat2

A study by the OECD measuring rates of childlessness in women born in 1965 has found that many EU countries have among the highest in the developed world – Italy came top with 24%, followed by Germany and Finland on 20%, and the UK on 19%.
Mail

In the Guardian, Timothy Garton Ash writes that “Only the US has sufficient clout with the Egyptian military to prevent them strangling their country's new democracy at birth [which] cannot, however, grow without access to European markets, education and support across the Mediterranean.”
Open Europe research Guardian: Garton Ash

According to new EU competition rules being drawn up by the Commission, regional and city authorities will no longer face scrutiny for illegal state assistance for small-scale public services such as local cultural centres, swimming pools or crèches. EurActiv

Writing on Conservative Home, Mark Seddon, the Director of The People’s Pledge, argues for a referendum on EU membership.Conservative Home: Seddon

The WSJ reports that in a speech to Chinese students in Shanghai yesterday, European Council President Herman Van Rompuy made an indirect criticism of China's exchange-rate policy. “Nonappropriate exchange rates contribute to internal imbalances as [well as] external ones,” he said.WSJ

A new report published by CONCORD Europe titled, “Challenging Self-Interest – Getting EU aid fit for the fight against poverty” argues that there is a trend in EU aid in which member states’ own interests are put before the goal of eradicating poverty.Open Europe research SVD ActionAid

ORF reports that the Austrian government has protested against EU’s data retention directive. ORF

New on the Open Europe blog

Half time score on EU short selling regulation: Common sense 1, Political motives 1Open Europe blog

True Finns continue to rise Open Europe blog