Mmmm, perhaps not. And while our Mud stream media takes another happy pill here, here and here’s Zero Hedge’s take on it and remember; if Greece goes (which is neigh on inevitable) so goes the globe.
Greece strikes bailout deal?
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Tag Archives: Euro
The Euro collapse, FEMA camps and China's and Indian's demise it's all coming to pass as I write this
When I scour the Internet for News and items I think New Zealanders should know I often think of a man whom while we fell out over my apparent disrespect for ANZAC day I still think of as a friend. I will refer to him as A as I want to protect his privacy.
A is a Waikato dairy farmer and a staunch John Key supporter. I suspect he still sometimes visits this blog and my facebook wall because his names shows up on my wall as someone I might want to befriend and other than that he is a FB member has no posts and no photo on his wall in an apparent need for anonymity.
When we were still in contact we often had robust discussions about what John key would do to this country and how he was connected to the banking world and thus entirely suspect. This was about four years ago. A. Voted for John Key and told me he would see us right. Continue reading
The top 5 of things that scare me the most today!!!
The amount of scary events passing by in a day at the moment are ramping up no end and none of these make the mainstream media in New Zealand so here are my top 5 of today:
- Easily the most scary event today is the fact that the US senate will pass on Thursday local time a law which will allow the US army to arrest US citizens anywhere in the world and detain them without a court case at infinitum (that means forever) anywhere in the world. And while I’m not an America citizen (the US already sees fit to arrest brown people with funny clothes and a different religion all over the world) I predict that the Trade agreement New Zealand will be part of will include full cooperation with this law as it will give them the opportunity to legally dispose of people who oppose the Austerity measures and the bankers rule in a tidy fashion.
- Easily the second most scary event took place in the recent past. The takeover of two countries by Banking technocrats without their population having a say in the matter. Both Greece and Italy are now ruled by banking insider technocrats and the European Reserve bank is run by another banking insider. All these powerful insiders have total control over the monopoly of violence and are leaving the population to suffer the consequences of their Austerity measures. The bank most prominent in the take over is Goldman Sachs
- The third scary event is and has been on the way for some time but it is escalating to the point of no return very rapidly and is only reaching the mainstream media now that it concerns Britain. On Wednesday (Tuesday local time) “hard-line” Iranian protesters stormed the UK Embassy in Teheran and took two member of the UK staff hostage in a scene eerily reminiscent of the 1979 attack on the US Embassy.What our mainstream media does not tell us is that there have been several attacks on important Iranian installations and scientists by groups widely believed to be foreign possibly Mossad and/or UK, NATO and US intelligence. What is clear is that they already do support an Iranian rebel group. What makes it all extra scary is that China has committedto helping Iran even if that means WWIII.the UK has called all personnel back to the UK and has closed the Iranian Embassy in London. And it appears that now France, Germany and Italy are calling their Ambassadors back too http://www.zerohedge.com/news/iran-take-necessary-measures-reaction-uk-embassy
- My fourth most scary thing is the threat of an attack on Syria because it will start mass murder on a grand scale and because of the risk of involving both Chine and Russia in the conflagration What our mainstream media is not telling us is that two Russian war ships and three submarines have already arrived in Syria and while they deny that they are there to help Syria reports have come in of Russia delivering defensive rocket systems. Reposts are also coming in about NATO flying in al Qaeda fighters from Libya. And sharpshooters from unknown origin shooting at random Syrian citizens to create instability.
- Last but not least is the continued financial mayhem in Europe. This is not really a European issue as the the US banks very well know. It was leaked on Monday morning local time that the Federal Reserve of the UShas bailed out the European banking system. Why? Because is they fail the US will collapse too. It is inevitable that this happens but our main stream media does not tell us this.Here is why:
British advisory groups are advising to prepare for the total collapse of the Euro and this is in the mainstream news in the UK.
France has been down graded from AA- to A while one of its biggest banks may have been on the verge of a major collapse. Update: This bank was Credit Agricole.
I don’t know about you but these are truly scary events and it’s only going to get worse!
22 Reasons Why We Could See An Economic Collapse In Europe In 2012
Will 2012 be the year that we see an economic collapse in Europe? Before you dismiss the title of this article as “alarmist”, read the facts listed in the rest of this article first. Over the past several months, there has been an astonishing loss of confidence in the European financial system. Right now, virtually nobody wants to loan money to financially troubled nations in the EU and virtually nobody wants to lend money to major European banks. Remember, one of the primary reasons for the financial crisis of 2008 was a major credit crunch that happened here in the United States. This burgeoning credit crunch in Europe is just one element of a “perfect storm” that is rapidly coming together as we get ready to go into 2012. The signs of trouble are everywhere. All over Europe, governments are implementing austerity measures and dramatically cutting back on spending. European banks are substantially cutting back on lending as they seek to meet new capital requirements that are being imposed upon them. Meanwhile, bond yields are going through the roof all over Europe as investors lose confidence and demand much higher returns for investing in European debt. It has become clear that without a miracle happening, quite a few European nations and a significant number of European banks are not going to be able to get the funding that they need from the market in 2012. The only thing that is going to avert a complete and total financial meltdown in Europe is dramatic action, but right now European leaders are so busy squabbling with each other that a bold plan seems out of the question.
The following are 22 reasons why we could see an economic collapse in Europe in 2012….
#1 Germany could rescue the rest of Europe, but that would take an unprecedented financial commitment, and the German people do not have the stomach for that. It has been estimated that it would cost Germany 7 percent of GDP over several years in order to sufficiently bail out the other financially troubled EU nations. Such an amount would far surpass the incredibly oppressive reparations that Germany was forced to pay out in the aftermath of World War I.
A host of recent surveys has shown that the German people are steadfastly against bailing out the rest of Europe. For example, according to one recent poll 57 percent of the German people are against the creation of eurobonds.
At this point, German politicians are firmly opposed to any measure that would place an inordinate burden on German taxpayers, so unless this changes that means that Europe is not going to be saved from within.
#2 The United States could rescue Europe, but the Obama administration knows that it would be really tough to sell that to the American people during an election season. The following is what White House Press Secretary Jay Carney said today about the potential for a bailout of Europe by the United States….
“This is something they need to solve and they have the capacity to solve, both financial capacity and political will”
Carney also said that the Obama administration does not plan to commit any “additional resources” to rescuing Europe….
“We do not in any way believe that additional resources are required from the United States and from American taxpayers.”
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Only days to save the Euro?
After the rigged failed bonds sale of Germany which has the safest economy and which should have been able to sell their bonds just fine here come more threads. Only 10 days to save the Euro if only Germany would cooperate.
Bullocks, what we are watching is the controlled demolition of the global financial system to bring in a single currency controlled by the bankster. No more sovereignty, the right to hit the globe anywhere any time, the right to kill citizens anywhere any time without a right to a trial and total control of the globe.
Rest assured that John Key is going to be relaxed with that!
Credit Suisse Goes For Broke: Predicts End Of Euro, Escalating Bank Runs On "Strongest European Banks"
John key anyone?
Just because Credit Suisse bankers are people too (even if 1% people, but still people), and just because they know too damn well that “no ECB intervention” means “no bonus”, and very likely “no job”, they go for broke and join Deutsche Bank, JPM, RBS, and everyone else (but, again, not Goldman), in predicting the end of Europe unless Draghi does his rightful duty and remembers that without banker support he will also be lining up at the jobless claims office very soon. Of course, being a Goldman boy, Draghi will only do what Lloyd tells him to. Either way, here is Credit Suisse’s rejoinder to the global Mutual Assured Destruction tragicomedy, which now makes Honk (as Lagarde calls him) Paulson’s overtures to congress seem like amateur hour. “We seem to have entered the last days of the euro as we currently know it.
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Ireland: "Germany Is Our New Master"
After Greece and Italy now Ireland has had its sovereignty taken away and Merkel has just told the English that whether they like it or not they are going to join the Euro and fuck their rights to a referendum.
Not only is Germany at the epicenter of the Italian-Spanish-French save-us ‘discussion’, they have now managed to add Ireland to their ‘Uber Alles’. Reuters is reporting the leak of confidential Irish budget information by German lawmakers and Irish parliamentarians are seething – viewing the leak as ‘incredible’ and ‘unprecedented’. Given the new laws, Germany now has the right to be fully informed about bailout countries’ progress before new tranches of funds are paid out. As the Irish Daily Mirror put it perfectly “Germany is our new master.”
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Rising oil and food prices push inflation in eurozone to record high
Inflation in the eurozone has climbed to 4.1 per cent, an all-time high for the single currency area, according to official preliminary estimates for the year to July. It stood at 4 per cent in June.
At more than twice the official inflation target rate of 2 per cent, the news was accompanied by an announcement that unemployment remains high across the bloc, although the rate is stable, at 7.3 per cent for June, with a revisions upwards of the figure for May.
Soaring food and oil prices are largely to blame for the poor inflation performance. So far, so-called “second-round” effects have been muted, though there are signs that wage inflation is picking up, due to indexation mechanisms in some eurozone countries and the comparatively strong German labour market. Labour cost inflation in the eurozone has advanced from a 2.6 per cent average in 2007 to 3.3 per cent in the first quarter of 2008.
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