March 10, 2012, just hours after Moody’s declared Greece in full default the U.S. based International Monetary Fund offers Greece another multi-billion Euro loan.
Moody’s declared Greece in full default after Greece agreed to a new sovereign debt (government bonds) swap deal, which will see 53% of Greece’s debt erased. Many holders of Greek bonds […] Continue Reading…
Earlier in the day the main stream media was reporting “good” news on the latest agreement between creditors and Greece, but that’s not how Moody’s sees it.
Moody’s says the latest deal actually pushed Greece into automatic default: “According to Moody’s definitions, this exchange represents a ‘distressed exchange’ and therefore a debt default.”
On March 9, […] Continue Reading…
“…the federal government is an evil cabal in the hands of bad people. The government is about to impose martial law on the country, very probably with the help of foreign troops, perhaps UN troops. They intend to confiscate all guns from Americans. Those liberty loving Americans who resist will be thrown into concentration […] Continue Reading…
No thanks to the ongoing nuclear disaster at Fukushima Daiichi, Japanese rice prices have skyrocketed. This is because the amount of Japanese rice that is not contaminated with radiation is getting smaller every month.
That fact has caused wholesale prices for Japanese rice to rise 20% since March 2011. Traditionally Japanese grocery stores will sell […] Continue Reading…
This is the result of the Japanese government, and the power company TEPCo, dragging their feet regarding the Fukushima Daiichi nuclear disaster: 80% of the people that used to live near the General Electric designed disaster reactors are contaminated with iodine!
The contamination was discovered after researchers tested their thyroids. At least five people have […] Continue Reading…
The Iraqi government owned South Oil Company said they are about to increase oil flow from a new floating oil platform in the Persian Gulf.
The new platform is one of four to be built by an Australian company. Each platform can flow 22,000 barrels per day. Recently the Iraqi government said their oil production […] Continue Reading…
Exxon Mobil, the world’s largest corporate producer of oil and natural gas, announced they will cut oil/gas production for 2012 by at least 3%.
This comes as companies like Exxon have said that they have to increase spending of their record setting profits on developing access to new sources of petroleum.
Exxon has already spent tens of […] Continue Reading…
“The frequency of radiation detection appears to be rising as two reactors at the Fukushima plant are currently leaking radiation.”-unnamed South Korean official
March 8, 2012, South Korea’s Animal, Plant and Fisheries Quarantine and Inspection Agency says fish from Japan are still contaminated with radiation, almost one year after the March 2011 nuclear disaster.
Korean officials […] Continue Reading…
“We will discuss the creation of structures and mechanisms for lending in local currencies in order to maximize economic and financial transactions between the countries that are members of the accord.”-statement from Brazil’s development bank BNDES
The BRICS are about to lead a new Revolution; no more U.S. dollar! It’s being spearheaded by the Chinese […] Continue Reading…
March 8, 2012, 89 year old professor emeritus of New York’s Columbia University, Donald Keene, is now a Japanese citizen.
Keene decided to become a citizen of Japan after the March 11, 2011, disasters. He is living in Tokyo.
He’s written many books about Japan, including Emperor of Japan: Meiji and His World 1852-1912.