Tag Archives: EU

There’s Insanity, And There’s Insanity

empl guaranteeFirst, it was France. The country’s response to its high and growing unemployment problem was to make laying off employees so painful economically that companies will avoid it. Labor Minister Michel Sapin said, “The main idea is to make layoffs so expensive for companies that it’s not worth it.” Sapin, a good friend of France’s socialist president François Hollande, also said that said the government could not stand by idly as some companies cut workers just to improve profitability and boost their dividends to shareholders. Regarding the unemployment problem, here is a factor that Sapin should consider: if companies cannot fire workers they will be extremely reluctant to hire them in the first place.

Now, the entire European Union (EU) has offered its response to youth (people younger than 25 years of age) unemployment problem. The EU has proposed, and I am being serious here, that ALL youth be guaranteed a job. The youth unemployment rate for the entire EU for the summer of 2012 was 22.7 percent (it was 16.8 percent in the US), with Greece, Italy, and Spain having much higher rates. From Frankfurter Allgemeine:

“The Member States of the European Union should guarantee all people aged less than 25 years in the future, within four months some form of employment. These governments should issue a so-called youth guarantee….”

There are, of course, two “minor” problems with the EU scheme. First, an EU commission headed by László Andor did not specify how this goal (youth employment guarantee) was to be achieved. It’s easy to offer a solution to a problem (talk is cheap), but quite another thing to explain specifically how the problem will be solved. Second, the EU should consider this fact: work rules, pension rules, and other rules are so harsh that companies simply do not want to hire workers regardless of age.

For some perspective, there have been more than 40,000 people killed in Syria, with the death toll rising daily, but the EU is not particularly concerned about that. North Korea has launched a three-stage rocket, moving closer to their goal of developing a nuclear-tipped ICBM. They are sharing nuclear weapons technology with Iran, the world’s leading sponsors of terrorism. But the EU does not seem to be worried about that either. That is the same EU that, earlier this year, won the Nobel Peace Prize. It is also the same EU that is “concerned” about Israel building on a 4.6 square piece of land in order to protect itself. It appears that the EU’s lack of consistency is showing. Perhaps it should get its own house in order before sticking its nose in others’ business.

And, I think it was Albert Einstein who said, “Doing the same thing over and over, expecting different results, is a sign of insanity.” So, that means that Obama is soon to try to emulate what France and the EU are currently doing.

But that’s just my opinion.

Please visit RWNO, my personal web site.

Debt and Taxes: Obamacare A Deadly Prescription for America

As the European welfare state flails wildly on the emergency room medicart, and the EU’s quack doctors try futilely to shock the terminal patient back to life, the brain surgeons in the Obama administration believe prescribing the same deadly medicine for freedom will cure us of our national ills. If the Obamacare plan is not repealed, Americans can look “forward” to sharing the EU’s economically DOA future.

The judicial death panel having blessed the purulent, plague-infested monstrosity known as Obamacare with a clean bill of Constitutional health, we can anticipate its bloated bureaucracy to metastasize throughout the economy like gangrene.

Obamacare threatens to turn the United States into a diseased quarantine of red tape with a steady overdose of toxic taxation. A post-Obamacare nation will see progressively higher unemployment, mounting inflation, skyrocketing costs, and insurmountable public debt.  Tampened into this volatile crucible will be decreasing productivity, diminished quality of healthcare, and a reduction in private sector opportunity.

That is a deadly prescription for “change.” Sure, before our nation was dragged into radical amputation surgery for the real-world equivalent of a hangnail, there were a few million citizens who lacked healthcare insurance, desired to purchase it, and didn’t already qualify for Medicaid.

Instead of lowering the costs for those few caught in no-man’s land between public assistance and insurance affordability (for real, not just because one’s X-box costs crowd it out), such as by opening up interstate competition and limiting lottery lawsuit awards, the Democrat Party went the exact opposite course: Jacking up premiums and running up costs so high the medical system collapses into unabashed statism.

Within a decade, barring radical intervention by the “conservative” Republican Party, the state will own one-sixth of the economy. And that’s in addition to the inconceivable power our federal government has already accrued. As we can see from countries around the world fleeing from coercion-based medical arrangements, the costs of “universal” medicine are astronomical.

If we compare a “post-op” America with “pre-op” America and its trans-Atlantic cousins, the charts read quite clearly: Continue on this course, and we will experience fundamental transformation (as in “caterpillar into chrysalis or pupa, from thence into”… the grotesque).

Compare how much the United States (blue dotted line) spent on public healthcare as of July 2009 versus other countries:

Now consider that premiums have skyrocketed due in part to the passage of Obamacare. A major designer of the law, MIT economist Jonathan Gruber, concedes as much, despite having earlier touted it as a cost-saver.

Next, let’s take a look at public debt per person around the world before Obamatax was passed in the United States.

And while looking at the chart above, compare these debt levels with the type of medical system for each country.

As one can see above, those countries with universal healthcare (dark green), a medical system that Obama supported prior to championing the PPACA (please backup your computer before attempting download), are the most heavily indebted. The United States was the only exception to this rule: It was among the most indebted before it started its suicidal path to universal healthcare.

If the United States progresses towards single-payer over the next decade, it will collapse the entire economy that much faster. The CBO has already put an expiration date on our birth certificate: 2027.

This Fourth of July, as you’re out barbecuing and shooting off fireworks, be extra careful not to drop the M-80s into your gas grill. We already have a doctor shortage that is only going to get worse as Obamacare blows up private medicine.

Also, make sure your family and friends know that your Independence Day celebration will soon be for naught, so long as Obama and his Democrat allies are re-elected this November. Don’t miss your chance to ask for a second opinion of your fellow Americans, before we get Kevorkianed by Dr. Obama’s poison pill.

Cradle to Grave Suicide

Alexis Tsipras, head of Greece’s Radical Left Coalition, declared that country’s commitment to austerity is over because voters have rejected those deals. “There is no way we will sneak back in again what the Greek people threw out”, Tsipras said. “This is an historic moment for the Left and the popular movement and a great responsibility for me,” he added, saying he would try to form a left-wing government that will “end the agreements of subservience” with Greece’s bailout creditors. “The pro-bail-out parties no longer have a majority in parliament to vote in destructive measures for the Greek people,” he added. “This is a very important victory for our society.”

In France, Socialist François Hollande said he will move quickly to implement traditionally Socialist tax-and-spend programs, which call for boosting taxes on the rich, increasing state spending, raising the minimum wage, hiring some 60,000 teachers and lowering the retirement age from 62 to 60.

Meanwhile, in California, Gov. Jerry Brown is calling for more social services cuts to help eliminate $15.7 billion deficit. Brown revealed a revised budget that calls for higher income and sales taxes to avoid deep cuts to K-12 and higher education. Rather than canceling an ill advised bullet train to nowhere that will cost the state at least $6 billion to build, Gov. Brown chose to scare Californians into voting for tax hikes by threatening cuts to education.

What do these three states have in common? They’re either already broke or will be soon due to government spending money it doesn’t have on socialist welfare programs, characterized within institutionalized “progressive” leftist circles as “entitlements”.

Greece, where the population is already suffering from 20% unemployment, describes austerity measures they’re expected to follow in order to receive additional bailout money from the EU as “barbaric”. With an economy so weak that it can’t employ one fifth of its own citizens, where does Greece expect to find the money necessary to become financially solvent?

France, if it enacts Hollande’s pledge to mimic Greece’s socialist welfare spending, will soon experience similar fiscal troubles. By following Greece down the road to fiscal insolvency, France will ensure that Germany stands alone in continental Europe as the sole, fiscally responsible, productive society.

California has been on a similar, European style path for decades, which is why California is closer to a fiscal cliff that most of the United States. The legislature in California continuously acts on the belief that it can spend the state into prosperity. California has taxed the rich, spent money on socialist programs, established sanctuary cities that fund the lives of millions of illegal aliens and spent huge amounts of money on education. Much of the cost of that education goes for the children of unlawful residents.

On the list of most business friendly states, California is currently ranked fiftieth. California has held that rank for the last eight years. Meanwhile, businesses are fleeing California in droves, seeking residence in states like Texas, where tax and regulatory policies are friendlier to business. The California tax base is fleeing along with those businesses.

In Sacramento California, government employee unions are running the show. Not only do “progressive” politicians vote overvalued salaries and perks for themselves, they also obediently kowtow to union demands for ever escalating salaries, benefits and pensions. This occurs because those politicians depend on union money, muscle and turnout for their own re-election. Rather than choosing to run the state responsibly, self interested career politicians continuously submit to demands from “civil servants” who are too often far from civil. The looming, unfunded costs of union benefits and pensions are among the largest liabilities contributing to the state’s $15.7 billion deficit.

These are precisely the results all Americans can expect for future generations if the cradle to grave mentality continues to be legislated by “progressive” me first career politicians. These results are predictable if the cradle to grave lie remains propagandized in schools, promoted in television programs, glorified in the movies and dutifully drubbed into the minds of sound bite voters by the news media.

If America is to be saved, these combined forces of the institutionalized “progressive” left must be stopped; starting with voting “progressive” politicians out of office. That’s the first order of business. When a patient arrives in an emergency room, stopping the bleeding receives top priority. The detailed surgery needed to excise the root problem, while still necessary, comes later. It took years for “progressives” to infiltrate and infect academia, Hollywood, the media and political class with their cancerous agenda. And while delay is not an option, it will take years to repair those institutions.

Unless that happens, today’s Americans will spend their declining years describing to young people who’ll listen, how the United States was once the place where the world’s people came for otherwise unavailable opportunity. How the land of the free and the home of the brave was more than just a line in a song.

In America, for an increasingly limited amount of time, cradle to grave suicide is still an option.

http://mjfellright.wordpress.com/2012/05/15/cradle-to-grave-suicide/

Look Who’s Jet-Setting on the Taxpayer Dime This Week

While many Americans are cutting back on household budgets to put $4.00 a gallon gasoline in their vehicles to get back and forth to work, a couple of Obama-appointed government employees have been caught jet-setting to Paris and Tokyo recently. Just like Obama claiming that his current taxpayer-funded reelection campaign blitz and fundraisers are “policy speeches,” when the news about these lavish jet-setters taxpayer-funded trips to Tokyo and Paris reaches the American public, they can expect numerous phony excuses as to why they are supposedly on “official business.”  Rob Bluey, of Hot Air.com outed these two taxpayer-abusing, elitist jet-setters as follows:

While many Americans were filling up their tanks with $4 gasoline this week, Energy Secretary Steven Chu was enjoying Major League Baseball’s opening game on a taxpayer-funded trip to Tokyo. Taxpayers were also footing the bill for Environmental Protection Agency Administrator Lisa Jackson to spend a few days in Paris.

Chu was outed by The Washington Gaurdian’s John Soloman when he discovered a picture sent by Energy Secretary Steven Chu’s official taxpayer-funded twitter account of a baseball game in Tokyo Japan. Meanwhile, Lisa Jackson, she of this EPA-fame, was in Paris France, to “meet with environmental leaders from more than 40 nations to discuss the Agency’s international efforts on urban sustainability.”  Global government, when coupled with so-called urban sustainability and climate change fear-mongering propaganda, are basic anti-capitalistic stealth forms of Socialism, which is dependent on the Marxist principles of wealth redistribution through the overthrowing of established governments to enact social justice fraud.

Lisa Jackson, the lifelong global warming political activist fits right in with the urban sustainability pimps of Europe, which by the way, is in the middle of the worst economic crisis in modern history. All of these anti-capitalist mandates coming out of these types of U/N European Socialistic programs are dependent on one thing for survival: The blatant theft of American wealth to be “redistributed” to the less productive societies of the world through dishonest fear-mongering from globalists and environmental terrorists posing as green-earth saviors. Thus the Obama administration uses taxpayer dollars to fund Jackson’s lavish Paris gig… to further undermine American sovereignty and take away her freedom that has made American freedom the envy of the world for centuries.

Do Americans really want four more years of watching Obama-appointees fly around the world to promote the injection of these types of freedom-robbing European Socialism here in America?  When Americans go to the polls in November they have a simple choice: Either vote for American freedom and prosperity through voting for proven conservative politicians, or vote for Obama and the Democrat’s poverty-inducing European Socialism-style insolvency.  The choice is that simple.

 

 

Greece Secures $170B Bailout in Round 2

The E/U plutocracy also known as “The Troika” has approved a second round of bailouts for Greece early Tuesday in Brussels. The details include supposedly bringing down the Greek debt to GDP ratio to 120.5% by the year 2020 by asking private creditors to take substantially bigger losses on their Greek debt holdings in the form of a 53.5% loss on the face value of their bonds. Greece is also given a break on the interest they were required to pay on the first round of bailouts, as euro-zone countries agreed to lower the interest rates to 1.5%, down from 2 to 3 points currently,  in a move the E/U says will cut the Greek debt load and thus lower the need for future bailouts. Many European economists reject the seemingly bloated projections about the latest bailout package, and believe that Greece will in fact require another bailout, and that these projections will fall far short of the stated goal of reducing Greece’s debt to GDP ratio to 120.5 % by 2020.

From The Guardian we see the following statements concerning the viability of the Greek bailout package 2.0:

Michael Hewson, senior market analyst at CMC Markets: “After hours of tortuous negotiations Greece was finally granted its second bailout in the early hours of this morning and thus now will be able to meet the €14.5bn bond payment in March, and  avert a messy default. It has come at a cost though, after an IMF/Troika report laid bare the problems facing the Greek economy, and it now rests on whether markets think the programme is even remotely credible, or achievable for that matter, as Greece seeks to rebuild its broken economy. While the package may buy more time it remains highly debatable whether it will achieve the measures it is designed to, given the magnitude of the problems in the country.”

Once again the appearance of reaching a deal to solve Greece’s debt-load problems is seen by many as just another episode of “kicking the can down the road” instead of any real solutions being enacted. While the latest Greek bailouts do buy the E/U more time to try to help Greece dig out from under decades of big government debt-spending, some economists believe this bailout package will fall far short of it’s stated projections.

Sony Kapoor, managing director of economic think-tank Re-Define: “Based on what we have seen today, Greece will almost certainly need another bailout. The Troika have had to do some arithmetic gymnastics in order to make the numbers add up but their optimistic assumptions are unlikely to hold. The mechanism for the contribution of profits on central bank holdings of Greek bonds is unnecessarily complicated and creates additional uncertainty and future potential disagreements. If haircuts had been imposed to private holdings of Greek bonds when debt restructuring was first discussed in 2010, the situation for Greece would undoubtedly have looked significantly better now. One can’t help but get the feeling that everyone involved is going through the motions, doing what they feel they have to do, rather than what they want to or what they believe in. Confidence in the success of what has been agreed is rather low.”

Of course the “strictly confidential” debt sustainability report drawn up by the E/U also paints a completely different picture of whether or not the latest bailout package will actually lower the Greek debt to GDP ratio, as Gary Jenkins of Swordfish Research exposes: “The Troika has agreed to lower the bailout loan rates, the private sector bondholders have agreed to take a larger write-down than was previously agreed (53.5% of face value rather than 50%) and the ECB has agreed to give up its profits in order to reduce the debt/GDP figure to 120.5% by 2020. The figures are the EU’s baseline numbers but according to a ‘strictly confidential’ debt sustainability report, under a slightly more pessimistic ‘tailored downside scenario’ debt/GDP will only fall to 160% by 2020 and Greece would need considerably more bailout cash. Obviously other risks are that the Greek people turn against the austerity measures and that at some stage the Greek politicians decide that a default is the only option.”

Notably absent from the recent “successful Greek bailout package 2.0,” announcements are just what added austerity measures will be forced onto the people of Greece, such as further tax increases, cuts to public sector workers who have been taught that they have a “right” to unsustainable salary and benefits packages, and any viable proposed solutions to Greece’s current 20%+ unemployment rate problem. Much to the chagrin of the E/U plutocracy media managers, this “deal” appears to do nothing more than shuffle the Greek debt around in a never-ending charade of protectionism against any E/U country actually ponying up the cash needed to move Greece’s economy forward. While the UN ramps up it’s call for global income equality and more power to impose worldwide wealth redistribution, the Globalists at the UN  were eerily silent about demanding help for the poor and middle Greek citizens that are being crushed under the weight of the E/U plotocrat’s austerity measures.  Apparently their “hypocrisy knows no bounds’ as the late Doc Holliday once proclaimed after gunning down Johnny Ringo while wearing a sherrif’s badge in the all-time great movie Tombstone.

For a more thorough understanding of what caused the Greek debt crisis please see, http://conservativedailynews.com/2011/11/greek-debt-crisis-steeped-in-social-mania-style-hope-and-change-politics/.

 

European High court upholds jet plane carbon tax

A law requiring flights into and out of the European Union (EU) to pay a carbon tax was upheld by the European Court of Justice on Wednesday saying that, “application of the emissions trading scheme to aviation infringes neither the principles of customary international law at issue, nor the open-skies agreement.”

The law requires that any aircraft landing or taking off from an EU airport is required to purchase a carbon permit which could cost the airlines, passengers, freight carriers and customers nearly $12 billion by the end of 2020. The amount of the tax is proportional to the distance flown by the airplane after departing an EU airport or from the last take-off prior to reaching an EU facility.

The most immediate impact will be the it will now cost more for Europeans to travel anywhere by airplane and freight costs requiring air transport will be more expensive.

The airlines have little choice and are complying with the ruling “under protest”. The cost of the tax will be passed on to passengers making travel to and from Europe more expensive.

Freight carriers are taking a different approach to the business-killing decision. UPS is studying ways to redirect flights around the EU.  In an interview with The Wall Street Journal the carrier explained how it might modify its routes to deal with the expensive carbon tax:

Mitch Nichols, president of UPS Airlines, said in an interview that the company may look at redirecting flights between its hubs in Hong Kong and Cologne, Germany, by going through Mumbai. That will cut the cost of the tax by about a quarter because UPS would only be charged for the distance flown between Cologne and Mumbai.

Airlines are unlikely to make similar changes, but passengers might. While the airlines will still offer direct flights into Europe, savvy travelers may opt to fly into a nearby non-EU nation simply because the ticket won’t have the up-charge on it or they may choose alternate destinations altogether.

Ultimately the tax will have a stifling effect on EU manufacturers as it will cost more to bring raw materials into the EU and be more expensive to ship finished goods out. The affirmation of the proposed change could put more pressure on European manufacturers to move their operations to non-EU countries.

 

 

CEO of German Deutsche Bank Targeted with Package Bomb

 

Merkel and Sarkozy, Plotting the protectionism of Germany and France while the rest of Europe is bankrupt

A package addressed to Deutsche Bank CEO Josef Ackermann  was intercepted in Frankfurt, Germany on Wednesday that contained explosives and shrapnel, with a return address of the European Central banks headquarters, which is located just a few blocks away from Deutsche banks HQ.   Fox News  is reporting that the NYPD is warning local banks to bolster mailroom security and that the NYPD’s deputy commissioner, Paul Browne had stated that several police officers were being sent around to Deutsche bank locations throughout the city to exercise “an abundance of caution.”

So-called [and unnamed] U.S. officials are now coming out of the woodwork with several possible explanations of just who could be behind this bomb plot. This comes on the heels of announcing that there are no strong leads in the case, so any theories are mainly conjecture at this point. First they are pointing at Al Qaeda in the Arabian peninsula, mainly because they were behind last years cargo printer bombs.  While the method of operation was similar there, the attempted Deutsche bank bombing appears to be directly pointed at one single person- CEO Josef Ackermann. So far it is an isolated incident whereas the cargo printer bomb plot involved multiple targets.

Another scenario being tossed around by officials is the recent Iran threat against U. S. troops stationed around Germany. Whoever came up with this theory appears to lack common sense and any hint of “intelligence,” as is shown by the fact that the bomb targeted the CEO of Deutsche bank, not a military base, or any place U. S. troops in Germany would frequent, such as a nightclub.

One only has to look into the European debt crisis, riot- protests, and the toppling of several leaders of EU countries recently to see that this bomb plot probably was meant to send a strong warning message against certain elements in the EU plutocracy that have been manipulating the bailouts/ non-bailouts of the smaller EU countries and their part in creating the major debt-crisis. Right smack dab in the middle of all of this EU, IMF, and European Central bank financial maneuvering has been Angela Merkel and Deutsche bank. From the Fox news article linked above, we see the following very interesting tidbit :

Ackermann, along with other Deutsche Bank executives, are being investigated over alleged false testimony they gave during a major civil lawsuit in Germany, which raises additional questions about the origins of the package. Reuters reported that Ackermann is one of the few executives in Germany always surrounded by bodyguards.

ECB

And then we have the “Occupy Frankfurt” movement pitching their tents across the street from the ECB, which by the way, who’s return address was on the mail bomb package.  The MO here could fit some of the Occupy patterns, as in the fact that officials are saying the bomb was not sophisticated, and the devious idea of putting the return address of the ECB on the bomb package certainly would fit the same pattern of Occupy slogans and some of the  cutesy rhetoric we have seen on the Occupiers signs recently.  There is also a heavy presence of Anarchists at these Occupy camps, and they have a history of bombings and attempted mayhem very similar to this attempt.

In summary, this appears to be a domestic (as in EU) issue, as opposed to a foreign terrorist plot. One thing we can be sure on, is that whoever is behind this plot will be dismissed as a raving lunatic in order to cover up any of  the EU plutocracy’s transgressions that this person/group is trying to take action against. The EU is drowning in debt and several countries are bankrupt. Meanwhile Angela Merkel’s Germany sits right in the middle of the Eu and currently enjoys relatively low unemployment and prosperity while the rest of the EU is forced to undertake severe austerity measures which have people rioting. Germany’s  Deutsche bank CEO was just made the target of a bomb plot.  This could be a single isolated incident to send a stiff message to the elitist bankers and plutocrats of the EU, or it could be the start of real chaos in Europe. You can bet another big player in all of this is under heavy protection today also, as in Mr Nicholas Sarkozy the current President of France.  Merkel and Sarkozy, as pictured above are really bombarding the press with supposed plans to deal with the very EU debt-crisis that they themselves  have created,   as seen here.

Only time will tell as to whether these theories that are expressed here, compiled by looking at the complete picture of just what is happening in Europe today are true.  One thing we can be darn sure of, is that this bombing attempt is not the work of foreign terrorists, simply because all they have to do is sit back and watch the EU implode all on it’s own, thanks to the likes of Merkel, Sarkozy and the globalists behind them.

CNN Update 7 am- The Bomb was real.

 

 

 

 

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.

 

 

 

Seriously, EU Bars Claim That Water Prevents Dehydration


While the Euro is going down the toilet, the European Union (EU) actually studied for three years the effect of water on dehydration. No, seriously. EU officials concluded that there was no evidence to prove the fact.

Conservative Member of the European Parliament (MEP) Roger Helmer said: “This is stupidity writ large. The Euro is burning, the EU is falling apart and yet here they are: highly-paid, highly-pensioned officials worrying about the obvious qualities of water and trying to deny us the right to say what is patently true. If ever there were an episode which demonstrates the folly of the great European project then this is it.” Another MEP compared this directive to the now-scrapped “bendy banana law,” a 2008 EU ruling that banned bendy bananas; another directive outlawed curved cucumbers.

A meeting of 21 scientists in Parma, Italy, concluded that reduced water content in the body was a symptom of dehydration and not something that drinking water could subsequently control. Now the European Food Standards Authority (EFSA) directive has been turned into an EU directive, that producers of bottled water are now forbidden by law from making the claim and will face a two-year jail sentence if they defy the directive.

EU to Cut 75% of Food for the Poor Programs in 2012

In an odd twist of fate we see just what happens when European Big Government Socialism runs into reality as the EU announced that starting Jan 1, 2012 they will be cutting 75% of the funding that feeds 18 million of it’s poorest citizens. The Food for the Deprived program dates back to 1987 when it relied heavily on heavy food surpluses, which were the result of a bloated and inefficient subsidy regime. But over time, as the farming became more efficient, food was (GASP!) increasingly purchased on the market to keep the program going.

Once again we see that big government created a problem due to the over-reaching, Socialism-pushing politicians constant desire to encroach on the free market system, with drastic results. Farmers grow products and sell them to feed the people in the free market system. Along comes big government subsidies resulting in them dictating just how and where they will sell (or give away) their products, and poof! a viable system of providing poor people with extra farm products disappears! So, thanks to a bloated and inefficient big government farm subsidy program, some 18 million of the EU’s poorest citizens are facing a 75% cut to their food programs. And here in America the Liberal media thinks the “Occupy Wall Street park benches crowd” has it rough! Maybe if we have to tighten our belts, and cut, oh.. say 75% of the Occupiers food stamps next year they will really have something to protest? A word of advise: Quit biting the capitalistic hands that are feeding you, children Occupiers.

BBC mid Wales published an article, AM,s warn over European Union Farm Grants shakeup:

In that article we see that the CAP (Common Agricultural Policy) reforms must not lead to less money for Wales. They have drawn up a report in an assembly advisory committee that they “recommend that the assembly government uses the influence of Welsh MEPs, and builds alliances with other European Union regions.” What is all-telling from within this report is this statement: ” Income from CAP’s single farm payment accounted for 90% of average farm income in Wales, so its importance could not be underestimated.” Now that Welsh farms have become 90% dependent on big government, when big government goes insolvent, people are destined to go hungry as the farms collapse. When the grants and subsidies run dry due to big government Socialism, everyone suffers, especially the poor. This is what we can expect to see in America if we do not get our government totally out of our free market system. Thus. along came the Tea party movement that rocked the elitist Liberals right out of the federal and State governments across American in 2010, and we can expect to see more of the same in the 2012 elections.The last thing we need is to copy these failed European Socialism experiments, such as the big government control/meddling in Europe’s farming system that will deny 18 million of the poorest people in the E/U countries food this winter.

In getting back to the EU announcement of the 75% cuts to the feed the poor programs, we see another example of what happens when big government goes wild and becomes unmanageable, in the fact that no less than 27 EU Farm Ministers will asses the next Thursday, where they will look at trying to keep the program going ( through legal challenges) at a cost of $690 million/yr in funding, instead of moving to $155 million. Either way, this all depends on one simple thing: Do they have the money to fully fund the program or not? Current reports point to the fact that during the current EU recession they do not in fact, have the money to fully find the food program, as it does not appear it will get a sufficient majority.

In summary, as a great world leader once stated: “The problem with Socialism, is that eventually you run out of other people’s money to spend.” This is painfully obvious in the EU today, and unless we stop Barack Obama’s current European Socialism experiment here in America by voting him out in 2012, we can expect to see the same here in the near future. 2012 just can’t get here fast enough!

Greece's Departure From the Euro Seems Inevitable

NEW YORK, Sept. 14, 2011 /PRNewswire/ — Removing Greece from the eurozone might be the best solution to ending the uncertainty and volatility in the European markets and would remove one of the biggest hurdles impeding an economic recovery in Europe, according to a white paper from Newton*, theLondon-based global asset manager that is part of BNY Mellon Asset Management.

“We have believed for some time that Greece’s withdrawal from the eurozone is inevitable and all plans introduced until now have simply been about building enough time for the European financial system to prepare for this eventuality,” said Paul Brain, investment leader for fixed income at Newton.  “With the possibility of a Greek default becoming more likely every day, time has run out.”

The Newton report suggests that the default resulting from Greece’s departure from the eurozone would have a 40 percent recovery rate and would reduce the Greek deficit to more sustainable levels. Brain believes that a new drachma currency would have to be introduced and support from the International Monetary Fund would be required as Greece transitions to its new currency.

“The hit to the Greek economy would be huge, but would it be any worse than the present situation of depression and growing deficits?” Brain added.  “Current Greek bond prices almost reflect this scenario, so it should not come as a surprise.”

According to Newton, one potential outcome of a breakup due to a Greek default would be a stronger euro.