Tag Archives: EU debt crisis

EU Unemployment Stats Troubling

With the Euro-zone embattled in a financial crisis that has seen the heads of the governments of Greece and Italy ousted, it certainly appears that there will be more leaders of financially insolvent countries to also be ousted from office in the very near future. One of the most recognizable signs of an economy in trouble is generally considered to be found in the host country’s unemployment numbers. With the creation of the Euro-zone and the one-region monetary currency of the Euro, the huge disparities between Euro-zone economies was supposed to be equalized, to hear the globalists that forced the Euro onto the countries of Europe tell it. Once again, it appears that the creation of the euro-zone has resulted in more of what it was promised to prevent: Countries such as Greece, Spain, Italy and Portugal have now suffered immensley, compared to the economies of, say Germany. The following chart showing Unemployment numbers across the Euro-Zone, with U.S. and Japan included as a reference) compiled from Eurostat, shows just how Germany has thrived while other countries are suffering today. Germany has seen it’s unemployment remain stable around 5% right through the major EU financial crisis, while Spain’s has shot up to over 23% today.

In an article from Reuters and posted on MSNBC.com we see that Germany’s Angela Merkel and France’s Nicholas Sarkozy are calling for a new European treaty that would mean “stricter controls on each nation’s budget.. and harsh punishments for those who don’t stick to them.”

President Nicolas Sarkozy and Chancellor Angela Merkel said their proposal included automatic penalties for governments that fail to keep their deficits under control, and an early launch of a permanent bailout fund for euro states in distress.
They said they wanted treaty change to be agreed in March and ratified after France wraps up presidential and legislative elections in June. “We need to go fast,” Sarkozy said. (emphasis mine)

The question still remains unanswered as to just where the funding for this “permanent bailout fund” will come from. In looking at the unemployment numbers above, and the Merkel/Sarkozy refusal to the issuing of bonds in theory guaranteed jointly by all euro zone countries, but in practice by the bloc’s strongest member, Germany. “We reject the idea of euro bonds,” she said.
Sarkozy rallied behind her, saying it would be absurd for France and Germany to cover the debts of countries on whose debt issuance they-Zonehad no control. The two biggest economies that have inserted themselves as power-brokers over all of the Euro-zone now refuse to put up any of their funds to bail out the smaller countries. Again from the above-linked MSNBC article, we see the following tidbit from the UK government:

Several governments, notably Britain, Ireland and the Netherlands, oppose treaty change because it might not win public backing in a referendum.
The British government said the changes proposed by Sarkozy and Merkel did not mean a significant transfer of power to Brussels and would therefore not require a referendum in Britain, which does not use the single currency.

Merkel and Sarkozy’s “treaty change” will not require a referendum in Britain, who was smart enough to see this train-wreck of a powerplay for the disaster it was a long time ago. Meanwhile Germany and France enrich themselves while demanding stiff penalties for the smaller countries that have suffered directly from the EU Globalists massive power-grab. This situation is far from over, regardless of what Merkel and Sarkozy tell the world.

The American Gift That Truly Keeps on Giving

Christmas is a celebration of the birth of Jesus Christ and an American tradition that has evolved into a world-renowned holiday that brings us the season of the unconditional giving of oneself to others. 

While the giving of ourselves may include various different forms of  the giving of one’s time,  love, money, and material things all wrapped up in brightly colored ribbons and bows, today I’d like to celebrate what I consider to be some of the most wonderful gifts being given this year from deep within the hearts and souls of true Patriotic Americans. The gift I speak of is our largely unique, longstanding America freedom from an over-bearing, debt-spending, out of control, tyrannical government that has America on the verge of a financial and moral collapse. The gift of freedom.

America’s collective Christian faith has been at the forefront of America’s unity in of our battle against an oppressive ruling class government since the early days of our founding, starting with our Declaration of Independence from our first oppressor Great Britain, to the world battles against assorted tyrannical madmen such as Adolf Hitler, Josef Stalin, Idi Amin, Pol Pot, Saddam Hussein, Hugo Chavez etc. Millions of people have migrated to America to escape oppressive, tyrannical rulers and governments for centuries.  

That brings us to the current battle in America today against the most dangerous oppressor of modern American history, one which our Constitution has protected us from for some 235 years: Big Government Socialism. Today we no longer have a government that serves the people. Every single prosperous country in the world that has accepted this stealth form of oppressive Communism masquerading as utopian socialism built upon false share-the-wealth promises has ended in chaos and poverty the world over. The prime example of the day that proves this point: The European debt crisis. When taking an objective look into that elitist-ruling-class manufactured crisis that has brought down the governments of Italy and Greece with several more to follow, we see just where that utopian European Socialism leads us once again. The elite are getting bailed out by the working class over and over again without being allowed a voice in the conversation. Crony-capitalist bankers and government-connected thieves are prospering while the working class faces economic Armageddon in what is now called the European Union. 

The Socialism-induced collapse of the EU brings us full-circle to what now appears to be America’s last line of defense against the ruling-class oppression of today’s European-style Socialism that now threatens to infect America and wipe out her historic personal freedoms and enduring prosperity. The last line of defense I speak of here, is the coalition of Constitutional conservatives, true American Patriots, to include the all-important group of information sharing citizens, Tea Party political activists, and internet freedom-fighters working 24/7 to inform the public of the dangers of today’s all-too-powerful, constitution-trampling U.S. government. Through this massive effort of self-less giving, these Patriots are indeed our last, best hope of avoiding the stealth European Socialism that now has all of Europe engulfed in poverty, chaos and an uncertain future. America must be made aware of these dangers before they engulf America as they have all of Europe today. 

To all of the Patriotic citizen journalists across America, including the engaged stay at home Moms, the concerned senior citizens, the American Freedom groups, the Tea Party warriors, the true Constitutional conservatives of Congress, the information-sharing networks and all of the Patriotic bloggers who continue to give selflessly and tirelessly to stop the big government oppression we are under attack from today, thank you. A heartfelt thank you for uniting to give all of America the greatest gift of all this holiday season: The gift of continuing American freedom and prosperity that has made this nation the greatest nation on earth.  Thank all of you Patriots, and Merry Christmas

 

Footnote: As I consider myself to be a citizen journalist writing here at CDN to give the gift of freedom through insightful information-sharing, I would like to add the following info-byte from the UK that shows us the relevancy of certain anti-Americans that constantly denounce and minimize the Christian faith in America, (as in the war on Christmas) in order to install European-style socialism into America:  

From: http://www.soon.org.uk/christmas.htm :     

Today in the West, not many people consider the religious meaning to Christmas. Most people in UK or Europe will not go to a religious church meeting, even at Christmas. It has become a busy race to spend money on presents, and get ready for the Day. In UK, our shops stay open till late Christmas Eve and often open again on Boxing Day with the cut-price ‘sales’. (Not much holiday for the poor shop workers!) A visitor from another world would think that Christmas was a festival to the gods of money and shopping.  

 

 

 

Fed's Bernanke Props Up EU With Loan-sharking Scheme

U.S. Federal Reserve Chairman Ben Bernanke has reached out to Europe in what is being mischaracterized across America as just another European bailout. Bernanke realizes the U.S. Congress would never allow the Federal Reserve to put the U.S. Economy at further risk by directly bailing out the European Socialists, in which we are already exposed to the tune of owning 20% of the IMF debt-fund, which is basically bankrupt. The EU announced that they would be increasing the cash flow to prevent several countries from going insolvent a short while back, in hinting that China and Japan would agree to buy up more European debt. The only problem there,  is that China refused to buy into that scheme without seeing solid austerity measures put into place, which the EU refused, or was incapable of doing.  Simply put,  Europe was a very bad credit risk, and China turned them down which was very embarrassing to the EU grand banking manipulators, who had already announced more cash was on the way.  

Understanding Bernanke’s Loan-Sharking Scheme

Bernanke then decided to play the role of loan-shark king, in lowering interest rates for dollar swap lines to the ECB (European Central Bank) along with cooperation from four other major central banks (Canada, England, Japan, and Switzerland). Bernanke is attaching the European debt crisis exposure to the banking systems of the other 4 country’s mentioned above in a move to cloud the fact that he is lending more money ( and collecting lower interest rates) to the European Socialists Union, which should actually have been declared bankrupt over a year ago. Does anyone believe for one minute that Canada, Japan, Switzerland, and England are going to put their economies at risk by buying into the debt-disaster of the EU, the IMF, the ECB and the EFSF? Of course not. The EFSF, or the European Financial Stability Fund ( boy is that an oxymoron if ever there was one) has yet to explain just what their role will play in all of this.

Yet globalists paint this scheme in a rosy hue by declaring that the European Central Bank, which has been reluctant to intervene to stop the growing crisis on its own continent, was joined in the decision by the Federal Reserve, the Bank of England and the central banks of Canada, Japan and Switzerland. Central banks will make it cheaper for commercial banks in their countries to borrow dollars, the dominant currency of trade. Just what effects will this have on the value of the U.S. dollar, long-term? But while it should ease borrowing for banks, it does little to solve the underlying problem of mountains of government debt in Europe, leaving markets still waiting for a permanent fix. What is that term Obama and Congress love to toss at the American public so often today? That’s right, they use the “We can’t continue to kick the can down the road” analogy constantly, yet this is exactly what the EU and Bernanke are condoning with this latest move.  Where do Germany and France stand on all of this?

The stock markets rallied upon Bernanke’s announcement of the Fed lowering its dollar-swap interest rate, and China’s easing of it’s monetary policy for the first time in several years by reducing bank reserve requirements by 50 basis points. This may be the first of several Chinese easing moves, and it certainly added to the stock surge. Again, take note that China is not willing to buy into the EU debt-disaster, but instead slightly lowers their bank reserve mandates. Also missing from this equation are the two biggest economic elephants in the middle of the EU, France and Germany. Simply put, after Deutshe Bank of Germany received massive bailout funds from the IMF, EFSF, and the ECB schemes that prevented them from suffering massive losses due to the previous buying of EU debt , and they now refuse to take the risks to provide any funding to bailout Greece, Italy or anyone else in the EU, including the newly exposed and problematic French debt-crisis.

The bottom line here is that this is all just another batch of phony solutions to a rapidly-expanding European debt-crisis that was created by the Euro-Zone Globalists, and which is heavily rooted in anti-capitalistic, utopian Socialism and the ever-present denial of the realities of their irresponsible actions.  Nothing has been solved here, much to the dismay of Ben Bernanke, who actually believes that this latest loan-sharking scheme will fool Congress into somehow thinking that Bernanke waved his magic wand and thus prevented the European insolvency that China now sees as inevitable. ( as is proven in their refusal to further buy into the European Socialists massive debt problem nightmare)  Are we to believe that the ECB can just write a trillion dollar check to further prop up the EU’s fast-growing number of bankrupt countries? On top of that, how can the IMF expect to be allowed to borrow another $800 billion from the ECB to give those same bankrupt countries even more money? The bottom line is that they can’t, simply because the money just isn’t there, especially with Germany and France now refusing to participate in any further bailouts without the creation of a New EU treaty. Merkel and Sarkozy have made Europe into a Communist collective that was built on the Socialistic catch-phrase of  denying protectionism, or the rights of European countries to control their own economies through implementing sound fiscal policies. Now they want out of the communist collectivism that they have created to protect their own countries from falling off of the debt-cliff that Italy, Greece, Spain, and other EU infected countries are now on the edge of.  For the proof of Merkel and Sarkozy’s stealth demand for German and French “protectionism” from the European debt-crisis they helped to create,  check out this article neatly titled,  EU Planning a New Treaty. Oh what a tangled web we weave, when first, we practice to deceive.  Sir Walter Scott, 1771 – 1832.