Tag Archives: france

Business/Economics, International, U.S.

What Economic Recovery? United Kingdom in Double Dip mode, “strong” Netherlands economy falling apart

Just two days after Spain went Double Dip, Britain is now officially in double dip recession.

On April 23, it was reported that the “experts” expected U.K.’s quarterly GDP report to show 0.1% “growth”, which would have kept it officially out of a Double Dip (I said “close enough”).

April 25, the Office for National Statistics (ONS) said Britain’s GDP actually dropped 0.2%. Aww, that means two quarters in a row of negative GDP, welcome to the Double Dip club!

Here’s the tally, so far: United Kingdom, Spain, Italy and Belgium are officially Double Dippers.

To add to the European Union woes, France and Germany (considered the strongest economies in Europe) are seeing GDP contractions.

Then there’s Netherlands, which was considered to have a strong economy as well.  However, the government has fallen apart, over arguments concerning cutting government spending and raising taxes.  The Prime Minister resigned and new elections are to be held in September.  The Queen of Netherlands (yes, they are an evil elitist monarchy just like the U.K.) has ordered the Prime Minister to stay on until after the new elections.  (this is just more Trilateral Commission operations to create a singular privatized government system)

International, U.S.

World War 3: Turkey blocks Israel’s NATO desire

“There will be no Israeli presence at the NATO meeting unless they issue a formal apology and pay compensation for the Turkish citizens their commandos killed in international waters.”-Turkish statement

Turkey, a full member of North Atlantic Treaty Organization (NATO), has blocked Israel’s attendance at the upcoming Chicago NATO meeting.

Israel is not a member of NATO, but has been allowed to take part in meetings at the insistence of the United States.  The Chicago meeting is scheduled for May 20-21.

Business/Economics, International

What Economic Recovery? Spain officially in double dip recession, Britain on the verge

April 23, 2012, Spain’s Central Bank has declared the country officially in recession.

Gross domestic product (GDP) shrank 0.4% in the first quarter of 2012, following a 0.3% decline in the last quarter of 2011.   Decline for two quarters in a row makes an official recession.

The Spanish government says it will cut spending by $11 billion USD, and will increase taxes!

The United Kingdom is on the verge of double dip recession. Britain’s Office for National Statistics is expected to say on Wednesday that the economy grew(?) by a meager 0.1%.  

By the way, in order to be considered true growth your GDP needs to be at 3% or higher.  So Britain’s GDP is only 0.1%?  Close enough to call it double dip!

To make matters worse, the two “strong” European economies, Germany and France, are actually contracting!

Belgium and Italy have already crossed into double dip recession.

Business/Economics, International, U.S.

Government Incompetence: Yet again, Record number of people renounce U.S. citizenship. IRS blames elected officials. Where to get official advise for kicking the U.S. citizenship habit

“Americans abroad are terrified. We’ve had people pay tens of thousands of dollars in fines. We’ve had people … pay huge amounts of back taxes. Up to this point, we never heard of anyone renouncing, or if they did, they didn’t talk about it, now we’re seeing a lot of people speak openly about it and come to us for information.”-Marylouise Serrato,  American Citizens Abroad

April 17, 2012, according to the Internal Revenue Service (IRS) National Taxpayer Advocate’s Office, 1,788 people renounced their United States citizenship in 2011.

That’s another record.  The National Taxpayer Advocate’s Office has been keeping track since 1998, and it’s been going up every year.

However, the U.S. Department of State keeps their own records of who gives up U.S. citizenship, and they say it’s been a steady average loss of 1,100 people every year.  Still not good if the United States is such a great place to live; 1,100 people give it up every year, that’s 11,000 people in the past ten years.

The number one reason for leaving the land that’s no longer of the free is taxes!  If you know your U.S. history, taxes were the number one reason for the 1776 Revolution that created the U.S. of A.

In fact one of the rallying cries for the Revolution was “No taxation without representation!”   We’ll that’s exactly what’s happening to the approximately 6.3 million U.S. citizens living in other countries, they’re being taxed and fined more than if they were living in the U.S., and they have no true representation in the U.S. government.

Another problem is that foreign banks say the U.S. government is interfering in their business so much that it’s not worth it to take on U.S. customers: “They’re going to drop Americans like hot potatoes. The foreign banks are upset enough about the regulations that they’re saying they just won’t keep American customers, and it’s giving (Americans living abroad) a lot of sleepless nights.”-Francisca N. Mordi, American Bankers Association

Even the IRS’s National Taxpayer Advocate’s Office blames the U.S. government: “The complexity of international tax law, combined with the administrative burden placed on these taxpayers, creates an environment where taxpayers who are trying their best to comply simply cannot. For some, this means paying more U.S. tax than is legally required, while others may be subject to steep civil and criminal penalties. For some U.S. taxpayers abroad, the tax requirements are so confusing and the compliance burden so great that they give up their U.S. citizenship.”

A major problem with the U.S. tax law is that not only does the U.S. citizen have to report their own income and assets, but they must report the income and assets of their non-U.S. citizen spouse: “When they decide to come clean and report everything, they have to go ask their husbands for all of their bank information, retirement funds, and investment accounts, everything. Your options are to ignore the IRS and stick your head in the sand; take your name off of all the accounts and live in a completely cash economy; divorce; or renounce U.S. citizenship.”-Lucy Stensland Laederich,  Bordeaux Women’s Club

“I grew up in a military family where patriotic feeling was very strong. I’m amazed at how terrible I felt renouncing. But it was the only way to get them off my back. It’s very distressing and time consuming to keep up with all the paperwork. But if it’s this bad when I’m 64, how bad will it be when I’m 74?”-Genette Eysselinck, renounced all ties with the United States

But don’t think renouncing your U.S. citizenship will solve your tax problems, in fact they could get worse: “First of all, there is over a 2 year wait in several countries. Secondly, you are still liable for taxes for the next 10 years. Finally, on the day that you renounce your citizenship, you are considered by the IRS to have made a fictive sale of all of your assets worldwide, and you will be taxed on that sale.”–American Women’s Club Düsseldorf

For an idea of what it takes to officially/legally renounce your citizenship, you can check out the U.S. embassy website in Germany here.

International, U.S.

World War 3: Russia to station naval fleet off Syria…Permanently

“A decision has been made to deploy Russian warships near the Syrian shores on a permanent basis.”-unnamed Russian Defense Ministry official

April 13, 2012, Russia’s Defense Ministry announced that a Russian naval fleet will continuously patrol the Mediterranean Sea, near the Syrian coastline.

The Black Sea Fleet will deploy to Syria around May.   Currently the Russian Kashin class guided missile destroyer Smetlivy is patrolling near Syria.

International, U.S.

World War 3: China demands “responsible protection” for Syria

“Recently, China and Russia vetoed a UN Security Council resolution draft on Syria. Some people accuse China and Russia of not being ‘cooperative’ or ‘responsible’. In my view, our decision was the responsible one. We should not forget the lesson in Libya.”-Le Yucheng, Assistant Foreign Minister of China

Chinese officials believe a U.S. led war on Syria would have the same results as in Libya.  They compered the U.S. led war on Libya to “surgery that kills the patient”.   Libya is now in a full on civil war.

China’s Assistant Foreign Minister blasted the United States: “China does not do things just to please certain countries. China never takes its cue from others or pays the bill without asking the price. Being responsible means saying ‘no’ to such ‘protection’. What we need is not just ‘the responsibility to protect’ but also ‘responsible protection’.”

Business/Economics, International, U.S.

Oil & Gas Prices: Iran officially stops oil shipments to Spain & Greece. Germany and Italy next.

April 10, 2012, Iran has officially halted oil exports to Spain and Greece.

The official government announcement comes after Iran canceled oil shipments to two Greek companies on April 5.

Back on March 16 Iran had named the next countries on its oil export ban list.  Those countries are Greece, Italy, Netherlands, Portugal and Spain.  This is in retaliation for the up coming European Union oil sanctions that go into effect on July 1.

Iran had already halted oil shipments to France and United Kingdom back in February.

According to an April 10 Reuters report, Iran is now considering halting oil exports to Germany as well.

 

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

World War 3: UANI goes after yet another French car maker, as well as a Japanese car maker

After shutting down a Peugeot Citroën factory, United Against Nuclear Iran (UANI) is now going after Renault and Nissan.

On April 6, 2012, UANI sent a letter to Renault’s president.  As in its threatening letter to General Motors it is full of unsubstantiated claims against Iran: “Renault’s business dealings in Iran directly support the Iranian regime’s ability to develop its illegal nuclear weapons program, support its terrorist proxies and pursue a brutal campaign of repression against the Iranian people.”-UANI statement

Show me the proof you UANI ass hole liars!

This comes after UANI successfully threatened General Motors into pressuring their French business partner Peugeot Citroën.

Renault has actually seen business go up in Iran, producing 93,578 vehicles in Iran in 2011.

UANI is also attacking Nissan, after the Japanese car maker got a $1 billion USD deal to make taxis for New York City: “New York taxpayer dollars should not benefit a corporation, like Nissan, that partners with a regime that is the world’s number one state sponsor of terror and has formed an alliance with al Qaeda.”-UANI statement

The biggest lie about that statement is the fact that Iran is not associated with al Qaeda!!!  The U.S. created al Qaeda is actually at war with Iran!!! Al Qaeda leaders have issued fatwas calling for the killing of Shi’a Muslims, who just happen to make up the majority of people living in Iran, why the hell would Iran support such an organization?!?

Oh, and I thought al Qaeda was the number one terrorist organization?

It really looks like the U.S. sanctions against Iran are actually meant to hurt Western (European/Japanese) competitors to U.S. corporations.

 

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

World War 3: U.S. sanctions against Iran shut down Peugeot. Pressure from General Motors. Who are the sanctions really meant to target?

French based car maker Peugeot Citroën, has shut down a factory after parts shipped from Iran were stopped.

Peugeot Citroën has manufacturing deals with Iran Khodro, a major car maker in Iran.

220 people were laid off at the Vesoul factory in northeastern France.  This comes after a U.S. lobbyist group called United Against Nuclear Iran (UANI), asked U.S. Congress to put pressure on the French car maker.

UANI also put pressure, should we say threatened, General Motors because GM holds 7% of Peugeot Citroën.  Officials from the French car maker said it was GM that pressured them to stop selling knock down kits to Iran.  A knock down kit is basically a unassembled car.

UANI has made completely unsubstantiated claims against Iran: “….it is unacceptable for GM to enter into a partnership with a company that so openly deals with a regime that is responsible for the deaths of U.S. and NATO servicemen and threatens U.S. and global security.”-Mark Wallace, UANI

How can Mark Wallace make such a claim?  Iran has never been connected to any terrorist actions against the United States. Where’s the undeniable proof?  What Mike Wallace is saying is the same old unproven ultra right wing neo conservative bull shit!

By the way, stopping Peugeot Citroën business with Iran will not hurt Iran’s economy.  Iran Khodro is doing extremely well with its own car designs, especially in the Central Asian market. So the real question is; who is really being targeted by the U.S. sanctions?

 

Business/Economics, International, Technology

Nuclear fire: France shuts down Nuclear power plant

Just after noon on April 5, 2012, two fires inside a nuclear power plant near the English Channel, resulted in a French nuke plant being shut down.

Firefighters say they found two pools of oil on fire inside the building. The oil came from pumps that were leaking (gee, that seems to be a common problem at these nuclear disaster reactors).

Smoke from the fire caused an automatic shut down of the reactors.

France supposedly has a good safety record with nuke reactors, and they also rely on a lot of them, 58 in total. Officials say they will now investigate.