Tag Archives: europe

Business/Economics, International, U.S.

Global Economic War: U.K. prepares for collapse of the Euro, believes Britain will be flooded with economic refugees, Swizterland taking action

Several days ago there were reports that banks around the world were preparing for the demise of the Euro.  Banks are getting ready to go back to older European currencies.

On December 28 the British government discussed contingency plans for such a Euro collapse. Her Majesty’s Treasury (that’s the official title, and proof the Queen of England is no figure head) has announced plans to prevent a flood of currency refugees from overwhelming British banks.

The United Kingdom is part of the European Union, but does not use the Euro.  The British pound has been gaining in value as the Euro, and the U.S. dollar, looses value. The collapse of the Euro could see the value of the British pound skyrocket, which is bad for British exports (making them too expensive to buy, thus breaking Britain’s fragile economy).

It’s not just “The Treasury” that’s making plans, the British Foreign & Commonwealth Office (aka The Foreign Office) announced plans to stop people fleeing the expected chaos of mainland Europe, from flooding into Britain.

The Foreign Office said it would even attempt to rescue British tourists on holiday, and even British expatriates who need help returning to the U.K. 

The British media is also reporting that the rich 10% of Greece, and other EU countries that are in economic trouble, are already transferring large amounts of  wealth to British banks.

This happened to Switzerland a few months ago.  The result was that the value of the Swiss France skyrocketed.  But the Swiss dealt with it in an unusual way; they “attached” the value of their Swiss Franc to the value of the Euro (even though they are not a member of the European Union).

A few days ago there were reports that EU members were going to ground all flights out of their countries, and block all border crossings, to prevent mass exodus of people and cash.  British officials at Whitehall (the part of the British government directly controlled by the Queen of England, and which controls their military, named after a royal palace that once stood there) said they would do the same, but only to prevent foreign people, and their foreign cash, from coming into the United Kingdom.  Whitehall officials said they believe the collapse of the Euro would result in widespread civil unrest in Europe.

 

International, Technology

Huge model Starfighter stolen from museum, owners fear it could be sold for scrap

In Netherlands, the aviation museum on Deelan air base had their huge model of an F-104 Starfighter stolen.

It’s made of aluminum and other metals, and the owners are fearful it will be sold for scrap.

Just how big is the model plane?  It’s bigger than a small Fiat car, and could weigh more than 1,000 pounds (reports vary from hundreds of kilos to 500 kilos)!

Business/Economics, International, U.S.

What Economic Recovery: EU official says saving Europe is like throwing money down the toilet. $3.9 trillion already spent trying to save Europe!

“I never understand when market participants say authorities haven’t put enough money up…I don’t share the view that only the European Central Bank can solve the crisis.”-Klaus Regling, European Financial Stability Facility

The boss of the EFSF, Klaus Regling, said when you combine what has been spent, what is currently being spent, and what is about to be spent to save troubled European governments, it equals three trillion Euros (U.S.$3.9 trillion)!

This is more evidence that the economies of Europe and the United States are much worse than what we’re being told!

Business/Economics, International, U.S.

What Economic Recovery? One step closer to One World Government, IMF proposes international co-op, hints at Global Great Depression

“It’s not a crisis that will be resolved by one group of countries taking action. It’s going to be hopefully resolved by all countries, all regions, all categories of countries actually taking action.”-Christine Lagarde, IMF Managing Director

The director of the International Monetary Fund made that comment in a U.S. State Department conference on December 15.  Christine Lagarde also used the word “retraction” which is another way of saying economic depression.

Lagarde said she is greatly concerned because recent efforts to ‘save’ Europe have failed, and there is growing economic protectionism, and political isolationism, which will only make the global economy worse.  These are all things that helped cause the Great Depression of the 1920s-1930s.

She is calling for a new global financial co-operative system to prevent the coming Global Great Depression.

 

Business/Economics, International, U.S.

What Economic Recovery? Russia says it will bailout Europe, through the IMF

“41% of foreign exchange reserves in Russia are euro-denominated, so EU member states and Russia all are interested in the security of it.”–Dmitry Medvedev, President of Russia

Turns out that Russia has a big stake in European countries getting back on the economic track.

On December 15, Russia’s current President said his country will work to help bailout struggling European countries, but only through the International Monetary Fund: “…we will keep backing the EU in terms of our quota in IMF membership and we will abide by all the commitments, being the participant of the IMF and ready to invest financial means to back the European economy and the euro zone.”

Medvedev did say that it was still up to European Union members to come up with a doable plan: “Only Europe will be able to help Europe but other countries should provide conditions for Europe to liberate itself from the crisis burden as soon as possible and recover from this downturn as soon as possible.”

International, U.S.

World War 3: Russia makes surprise move by proposing UN Security Council resolution concerning Syria!

“Hopefully, we can work with the Russians who, for the first time, at least are recognizing that this is a matter that needs to go to the Security Council.  It is just that we have differences in how they are approaching it, but we hope to be able to work with them.”-Hillary Clinton, U.S. Secretary of State

“We made no secret of the fact and it is reflected in the text that we call on violence to be stopped from all sides. We are concerned about weapons smuggling, the armed groups operating in Syria. As you know from the outset our assessment of the situation is that various violent groups there are taking advantage of peaceful demonstrators in order to pursue their agenda.”-Vitaly Churkin, Russian envoy to the UN

In a surprise move Russia announced they will propose Security Council resolution concerning Syria.  Russian officials refuse to reveal the details until they make the official presentation.

Back in October, Russia and China vetoed a resolution presented by western European countries.

Syria’s Vice-President Farouk al-Sharaa, is in Moscow right now discussing the issue with Russian leaders.

 

Fukushima, Idaho

What Economic Recovery? Japanese nuclear disaster, dissapointing mine operations in Namibia, shutting down French company Areva. Idaho could lose jobs in 2012. Idaho leaders unrealistically optimistic

The ongoing nuclear disaster in Fukushima, Japan, and a bad mine operation deal in Africa, is bringing down a major player in international nuclear power; Areva.  The result will mean job losses all over the world, and possibly here in Idaho.

French government owned Areva recently announced that their revenues have crashed since the Japanese nuclear disaster began in March, and, since the French government opened an investigation into Areva’s purchase of a mining operation in Namibia, Africa.

On 13 December 2011, Areva officials unveiled a five year plan to reduce the size of the company.  This is because of a projected loss of U.S.$2.1 billion for just this year, and expected losses in the next few years.

Areva officials have already announced they will not replace French employees who retire, and they are laying off 1,500 German employees.

This is because of a negative backlash against nuclear power, as a result of the Japanese nuclear disaster.  In Germany, the government decided to end all reliance on nuclear power.  In Japan, the prefectural governments are refusing to allow nuclear power plants to start back up.  Both actions in Germany and Japan are at the demands of the majority of the citizens.

Areva’s loses also come from what is looking like a pig in a poke deal, from their purchase of uranium mines in Namibia, Africa.  Areva spent $2.5 billion on the mines, and the French government is now investigating because it turns out the mines have only half the projected uranium that Areva officials were told it had.

As part of their five year turn around plan Areva has suspended the construction of a uranium enrichment plant near Idaho Falls, Idaho.  State officials claim that Areva has agreed to keep on their payroll about 300 Idaho employees, but that’s only until the end of 2012.

The problem now is that Areva has stated that their continued operation depends on the sale of ten new generation EPR (European Pressurized Reactor) nuclear power units.  Those sales need to take place between 2012 to 2016.

 

Business/Economics, International, U.S.

What Economic Recovery? Comments out of Korea and Europe cast strong doubt on any EU recovery

“The leaders have not yet proposed fundamental solutions such as euro bond issuance or the European Central Bank’s intervention.”-Kwon Hyouk-se, Financial Supervisory Service, South Korea 

“The EU summit was widely seen as a new step in the right direction, but the summit deal has many obvious flaws and lacks operational details in many areas. It looks more like a comprehensive fix to the next crisis, rather than a final resolution to the current one.”-Luca Jellinek, Credit Agricole, France

International, U.S.

World War 3: Proof that war with Iran is a done deal; British & Canadian Media begin official War Propaganda

Media sources in the United Kingdom and Canada (members of the Commonwealth, aka British Empire) have upped their pro-war rhetoric against Iran.

Reports said that Iran was preparing forces for “potential external strikes”, and that Iran was “isolated” from the rest of the world (despite the fact that Russia and China have repeatedly told the U.S. and U.K. to stay out of Iran).

Other statements and terms include “war on Iran a step closer”and “Plans for a US strike are currently being drawn up”.

Apparently the Commonwealth media are basing their claims on official statements like the one made by the U.S. State Department’s arms advisor Robert Einhorn: “The U.S. favours a diplomatic solution but, if we cannot achieve it soon, inevitably interests will grow in a different kind of solution.” 

What else could a statement like that mean?

Business/Economics, International, Opinion, U.S.

Government & Corporate incompetence: ECB to buy up European bonds but needs cash, EU to loan money…to the IMF, IMF will loan the money back to the ECB! The Elitist spiders are tangling their webs

“Oh what a tangled web we weave,
When first we practise to deceive!”-Walter Scott, Marmion, Canto vi. Stanza 17

I just read several reports.  One said the European Central Bank (ECB) wants to buy up the sovereign debts of European countries that are in financial trouble.  But the ECB says it needs about U.S.$150 billion to do it (notice they don’t have the cash on hand).

In another report the European Union said it will loan about $266 billion…to the U.S. based International Monetary Fund (not to their own ECB).  The purpose of the loan to the IMF is so the IMF can turn around and loan it back to European banks!

You must realize that the IMF is broke, just last week the President of the IMF came away from South America with a huge loan.  It was precedent setting, because for the first time in South America’s history they loaned money to the IMF, instead of the other way ’round.  So what did the IMF do with that money?

And why can’t the European Union loan the $266 billion directly to it’s member banks?  Is this just another accounting shell game?

The 1% elitist spiders have trapped themselves in their own web.  There’s no more flies to catch, the spiders are starving and they’re turning on each other!  It’s called World War 3!