Tag Archives: spain

Technology

Cold War to Ukraine Crisis: H-A-W-K, Homing All-the Way Killer

Video

Cold War: Approximately 1947 (due to U.S. President Harry Truman’s Truman Doctrine) to 1991 (Operation Desert Storm, collapse of Soviet Union).

Raytheon began developing what would become the MIM (Mobile Interceptor Missile)-23 HAWK (Homing All-the Way Killer) in the early 1950s.  Northrop developed the launcher system.  The U.S. Army (USA) began using it in 1959, the U.S. Marine Crops (USMC) in 1960.

First-gen HAWK being launched by U.S. Marines from Chu Lai, Viet Nam, 1965.

Between 1971 and 1978, HAWK missiles got improved radar systems, so that they could engage low-altitude aircraft.  But that was just the beginning, there were many other HAWK improvement projects that continued up until 1996.

U.S. Army (USA) M727 self-propelled HAWK surface-to-air missile system, somewhere in NATO-West Germany. USA photo, 1973.

According to the USA (U.S. Army), “The cost per missile is $250,000; per fire unit, $15 million; and per battery, $30 million.”

A HAWK missile launcher, on Cherry Point, North Carolina. USMC photo by Sergeant Rozalyn Dorsey, 20JUN1979.

A HAWK transporter-loader, on Cherry Point, North Carolina. USMC photo by Sergeant Rozalyn Dorsey, 20JUN1979.

A HAWK High-Power Illuminating Radar (HPIR) unit, on Cherry Point, North Carolina. USMC photo by Sergeant Rozalyn Dorsey, 20JUN1979.

Inside a HAWK Battery Control Central (BCC) unit, a Joint Tactical Information Distribution System (JTIDS). USA photo by Staff Sergeant William B. Belcher, 04AUG1980.

During the Iran-Iraq War (1980-1988), Iran adapted the HAWK missile to be carried by their F-14 Tomcats, this was due to supplies of U.S. made Phoenix missiles being cut-off by the Reagan Administration.  Iran was one of dozens of countries that used HAWK missiles, and after U.S. sanctions, was able to easily reverse engineer it for their own production and calling their version the Mersad.

A HAWK battery control console, on Fort Bliss, Texas. USA photo by Staff Sergeant Robert C. Simons, 10NOV1982.

HAWK BCC units (containing the JTIDS), Onslow Beach, North Carolina. USMC photo by Corporal C. Cope, 22FEB1986.

BCC units also contain the Information Control Center (ICC) and the Platoon Command Post (PCP), all using the same trailered containers making them visually identical.

HAWK BCC units can be loaded onto 5-ton trucks, creating mobile control vans. USMC photo by Corporal C. Cope, 22FEB1986.

Operation Desert Storm, 17JAN1991–28FEB1991. 

According to the information released with this photo, these U.S. HAWKs are based in Al Salman, Iraq, shortly after the end of Desert Storm. USA photo by Staff Sergeant Dean Wagner, 03MAR1991.

In 1994, the USA decided to replace their HAWKS with Patriot missiles, due to the success of the Patriots during Desert Storm.  In 2002, the USMC decided to replace their HAWKS with the FIM-92 Stinger.

Japanese Ground Self-Defense Force (JGSDF) soldiers prep their Hawk for launch over the McGregor Range Complex, New Mexico, 17NOV2012. USA photo by Specialist Adam Garlington.

JGSDF HAWK PAR. USA photo by Specialist Adam Garlington, 17NOV2012.

JGSDF HAWK launch. USA photo by Specialist Adam Garlington, 17NOV2012.

Ukraine Crisis, February 2014 (NATO backed coup) to present.

USA video report, 15OCT2015, South Korean HAWK launches during wargame:

NATO Romania launches HAWK missiles towards the Black Sea, 19JUL2017. USA photo by Private First Class Nicholas Vidro.

USA video by Sergeant Mark Brejcha, NATO-Romania HAWK launch, 19JUL2017:

On 20OCT2018, Japanese army personnel launched ‘Improved’ HAWK missiles from Fort Bliss, Texas. USA-Reserve photo by Sergeant Christopher A. Hernandez.

AN/MPQ-50 Pulse Acquisition Radar (PAR) for the Japan Ground Self-Defense Force’s (JGSDF) ‘Improved’ HAWK. USA-Reserve photo by Sergeant Christopher A. Hernandez, 20OCT2018.

NATO-Spain HAWK HIPR unit during war game held in NATO-Norway, 02NOV2018. USMC photo by Lance Corporal Menelik Collins.

Loading NATO-Spain HAWKs during war game held in NATO-Norway, 02NOV2018. USMC photo by Lance Corporal Menelik Collins.

The Iranians call their reversed engineered HAWK PAR system the Kavosh.

In 2019, photos published by the Iranian news media revealed that Iran was still using the AN/MPQ-50 Pulse Acquisition Radar originally designed for the HAWK, but this time Iran is using it for their own homemade anti-aircraft missile known as the Sayyad-2.

2021: South Korea retires last MIM-23 HAWK

On 04NOV2022, the NATO United States Department of Defense (DoD) announced the latest taxpayer funded giveaway for Ukraine, which includes rebuilt & upgraded Cold War era U.S. HAWK anti-aircraft missiles (to go with the four HAWK launchers being sent by NATO Spain).

Cold War to Ukraine Crisis: M1117, GUARDIAN OF SECURITY OR A FRANKENSTEIN?  Originating with Viet Nam era V100, now being given away to Ukraine!

International

Spain issues arrest warrant for Israeli Prime Minister!

15 November 2015 (00:23 UTC-07 Tango 01)/24 Aban 1394/02 Safar 1437/04 Ding-Hai (10th month) 4713

The Spanish Supreme Court issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu as well as for Avigdor Lieberman, Ehud Barak, Moshe Ya’alon, Eli Yishai, Benny Begin and Eliezer Marom.  They will be arrested if they set foot in Spain.
It concerns the 2010 Israeli attack on a humanitarian aid ship heading to the concentration camp known as Gaza Strip.  Nine unarmed civilians were killed.
The Israeli government is now pressuring the Spanish government to cancel the warrants.
Israeli newspaper points finger at true terrorist: Their own government!

Idaho, International

Idaho woman dies after selling herself to foreigners for gestational surrogacy! Idaho turns to now deadly Baby Farming for economic survival!

17 October 2015 (14:56 UTC-07 Tango 01)/25 Mehr 1394/03 Muharram 1436/05 Bing-Xu (9th month) 4713

“Parents from all over the world are coming to The Gem State to have children.”-KTVB, Boise, Idaho

“American women are being paid to put themselves at significant physical risk every day in this country to produce babies for others.These mostly low income women are injected with powerful hormones and other drugs to maximize chances of pregnancy, virtually without government oversight. Women didn’t get this far to be treated like breeding animals.”-Jennifer Lahl, Center for Bioethics and Culture Network

According to Surro Sisters for Brooke the Burley, Idaho, woman was gestating twins for a couple from Spain when she died from “a rare medical complication” on 08 October 2015.  This was not the first time she sold herself to be a surrogate fetus carrier (for legal reasons they now avoid the term surrogate ‘mother’).

Please note that Brooke’s own home town news media failed to mention that her pregnancy was not ‘hers’ but was a way of making money.

The Huffington Post is the one who found out about Brooke’s role in what is being called Baby Farming in Idaho.  The article pointed out that in Spain (where the paying parents are from) it is illegal to be a surrogate mother. Despite being paid to carry twins for the Spanish couple, a fund raiser was held to pay for her funeral!  It was through that fundraiser that the Huffington Post reporters discovered the Baby Farming deal.

A post by Jennifer Block reveals the downside of being a surrogate, and even reveals that women can make between “…$15,000 to $30,000 – for a job that is high-risk, 24/7, and lasts about a year, maybe more…” (THE OTHER SIDE OF SURROGACY. WHAT GESTATIONAL SURROGATES REALLY GO THROUGH.)

The Huff’ Post article estimates an 89% increase in U.S. women becoming surrogate gestators, primarily due to economic reasons.  Hard and fast data is not available because apparently Baby Farming is supposed to be ‘hush hush’.

International

False Flag: Pro-vaccine government blames a single case of diphtheria on rejection of vaccines!

04 June 2015 (01:01 UTC-07 Tango 01)/14 Kordad 1394/16 Sha’ban 1436/18 Ren-Wu (4th month) 4713

Vaccine pushing Spain is reporting its first case of Corynebacterium diphtheriae in 29 years, and health administrators blame a growing rejection of vaccination by the general public.

A six years old boy is infected.  Spanish administrators even begged Russia to send them the drug needed to treat him, as vaccine addicted Spain did not have the drug!

Diphtheria is spread by direct contact or through the air. It causes a condition known as Bull Neck, as it causes swelling of body parts.  The bacteria is assumed to have a 10% fatality rate.  In fact, it’s not that common of a disease with the UN World Health Organization reporting 4-thousand 7-hundred cases worldwide in 2013.

The Spanish Ministry of Health has officially labeled people who refuse vaccines as “irresponsible”.  90% of Spaniards are considered ‘vaccinated’.

news media spreading lies about Measles vaccine, prepping for medical martial law? 

International

What do ya know, Iran! Israel now in open warfare with Iran, Syria and Lebanon! IDF assassinate UN observer!

29 January 2015 (19:24 UTC-07 Tango 28 January 2015)/08 Rabi ‘ath-Thani 1436/09 Bahman 1393/10 Yi-Chou (12th month) 4712

“Iran controls four Arab capitals. They control, effectively control Iraq, large parts of Iraq. They control Syria through Assad. They control Lebanon through Hezbollah. They control Gaza in their support of Hamas and Islamic Jihad, and they’re now going to control Yemen, and they’re doing all of this without a nuclear weapon!”-Ron Dermer, Israeli ambassador to the United States, PBS Newshour interview 28 January 2015

28 January 2015: Lebanon’s Hezbollah Qunaitra Martyrs unit kills two Israeli Defense Force (IDF) personnel, saying it’s retaliation for Israel’s massive attack on Hezbollah and Iranian forces who were supporting Syrian government forces against the U.S.-U.K.-Saudi-Israeli created Islamic State.  Today’s attack by Hezbollah was made against an IDF convoy operating outside recognized Israeli territory (Syrian controlled Golan Heights).  Eight IDF soldiers were wounded. The IDF confirmed a sergeant and a captain were killed.  In another battle the Spanish government is now blaming the IDF for killing a Spanish United Nations observer.  The IDF claims they were returning artillery fire when the Spanish captain was killed, but the government of Spain says bull-shit on that: “It was because of this escalation of violence, and it came from the Israeli side!”– Roman Oyarzun Marchesi, Spanish ambassador to the United Nations

Witnesses say IDF artillery strikes impacted several villages in southern Lebanon.

27 January 2015: The IDF launches three airstrikes against Syrian government forces, who are fighting against the U.S.-U.K.-Saudi-Israeli created Islamic State.  Apparently the airstrikes were in the same area that the IDF attacked the week before.

A Turkish news source (Hurriyet Daily) reported that the Obama regime awarded a Turkish general with the Legion of Merit for recent actions in Syria.  Turkish Land Forces Commander General Hulusi Akar was given the medal by U.S. Army General Raymond Odierno.

26 January 2015: Syrian president Bashar al-Assad said it’s clear Israel is supporting Islamic State-al-Qaeda: “Whenever we make advances in some place, they (the Israelis) attack in order to undermine the army. It’s very clear. That’s why some in Syria joke, ‘How can you say that al-Qaeda doesn’t have an air force? They have the Israeli air force!'”-interview with U.S. magazine Foreign Affairs

Assad also blamed NATO member Turkey: “…Logistically, and about terrorist financing from Saudi Arabia and Qatar, but through Turkey…..He’s [Turkish President Recep Tayyip Erdoğan] very fanatical, and that’s why he still supports ISIS. He is personally responsible for what happened. There  will be no problem defeating them [Islamic State]. Even today we don’t have a problem militarily. The problem is that they still have this continuous supply, mainly from Turkey.”

A Turkish news source (Turkish Weekly) revealed that Islamic State has bought 2-thousand stolen cars over the past two years.  Those cars were shipped from around the World and then through NATO member Turkey.  Anybody remember the story about the U.S. plumber who discovered his stolen Ford “Mark-1 Plumbing” truck was being used by Islamic State?

In Yemen, the U.S. embassy in Sana’a shutdown as Iranian backed Shia Houthi Mujahideen took control of the country: “The U.S. Embassy will be closed to the public until further notice….Due to the recent resignation of the Yemeni president, prime minister, and cabinet, and the ongoing security concerns, the U.S. Embassy in Sana’a is unable to provide routine consular services and will have very limited ability to assist with emergency cases involving U.S. citizens.”-U.S. Department of State

Also in Yemen, a U.S. drone fired four missiles in an area between Marib and Shabwa provinces, killing three people.  (That’s pretty wasteful; four, million dollar missiles to kill three people?)

25 January 2015:“This action [Israeli attack against Hezbollah and Iranian forces in Syria] was the reflection of numerous defeats that both Americans and Israelis have suffered in their current strategies. We will certainly consider a special retaliation [against Israel] for this issue. This is part of a new reality that will gradually unravel.”-Brigadier General Hossein Salami, Iranian Islamic Revolution Guards Corps (IRGC), explaining to Al-Alam TV why Iran will now expand the battle front against Israel

21 January 2015: In the United States, U.S. House Speaker John Boner, I mean Boehner, broke political protocols and invited the Israeli Prime Minister Benyamin Nut-job-yahoo, I mean Netanyahu, to give a speech to the Congress, without consulting with the Office of the President.  Boehner admitted he wants Netanyahu to drum up U.S. support for war against Iran.

20 January 2015:  The IDF deploys U.S. taxpayer funded Iron Dome anti-aircraft missile systems along the border with Lebanon.

In Sana’a, Yemen, Iranian backed Shia Houthi Mujahideen succeeded in capturing the Presidential Palace, officially toppling the U.S.-Saudi-Israeli backed puppet government.  Yemen is considered the Kingdom of Saudi Arabia’s ‘backyard’.  Not only did the Iranian backed Mujahideen kick the asses of the government forces, but they’re kicking the asses of the U.S.-U.K.-Saudi-Israeli backed al-Qaeda in Yemen Takfiris as well!

18 January 2015: An IDF airstrike targets Hezbollah and Iranian forces inside Quneitra, Syria, killing at least six people including Iran’s IRGC Brigadier General Mohammad Ali Allahdadi.

It was revealed that a female terrorist wanted for recent attacks in France, was ‘allowed’ to escape through Turkey into Syria: “Boumeddiene entered Syria as thousands of foreign fighters and activists have before her – she flew into Istanbul and either drove or caught a bus on the 1000-plus kilometre journey to south-eastern Turkey. Her mobile phone was last tracked near the town of Akcakale, security officials confirmed.”

16 January 2014: The Obama regime is deploying more than 400 military personnel to train up anti-Iran and anti-Syria insurgents.  Department of Defense administrators claim they will train up to 5-thousand 4-hundred insurgents per year to continue the bloody war in Syria, and to take the war to Iran.    The Obama regime will base the U.S. training personnel in Kingdom of Saudi Arabia, Qatar and in fellow NATO member Turkey.  However, sources say the U.S. Army’s 1st Infantry Division and the 82nd Airborne Division’s 3rd Brigade Combat Team are already in Iraq, part of a 3-thousand troop deployment ordered by Obama: “Training in Iraq has begun in areas including Taji, north of Baghdad, and al-Asad Air Base, in western Iraq.”

Idaho, Influenza

Influenza: H1N1 epidemic now official! More pregnant women going down! More evidence vaccines can make you sick!

20 January 2014 (21:15 UTC-07 Tango 19 January 2013)/18 Rabi ‘al-Awwal 1435/30 Dey 1392/20 Gui-Chou (12th month) 4711

Alberta, Canada: Health Services reporting 10 deaths and 22-hundred confirmed influenza cases.  Don’t blame it on people not getting the flu shot, the province is now rationing their remaining flu shots for children who need a second dose, and for an even bigger outbreak.

New Brunswick, Canada: Health officials report four flu deaths, 300 confirmed flu cases, 50 hospitalizations.  Health officials admitted they do not know how many people have been vaccinated versus those who haven’t been.

Saskatchewan, Canada:  Health Ministry officials report 12 deaths, but they’re not 100% sure if they are flu related.  797 confirmed influenza cases since October. Vaccines are being rationed to children under five years of age, pregnant women and people in ‘high risk groups’.  100-thousand nasal vaccines are expected from the United States.

Mexico: Health Ministry reports 32 deaths from influenza, and 556 confirmed cases (468 confirmed H1N1).  30 of those who died did so from the H1N1 version of flu.  They died within six days of getting infected.  Officials say at least 800-thousand people have been vaccinated.

Spain: The number of H1N1 hospitalizations have jumped to 279, and 11 people have died.  Just a few days ago it was around 43 hospitalizations with two deaths.

The U.S. CDC has declared the influenza an epidemic in the United States.  Interested in becoming an influenza spy?  Apply now for the CDC’s Epidemic Intelligence Service (EIS).      At least 20 children have died from H1N1 (the CDC does not track adult deaths from influenza).

Arkansas, U.S.A.:  A 29 years old Fort Smith woman is in critical condition with H1N1.  She went down fast, only a matter of days from first symptoms to a medically induced coma.  She was 20 weeks pregnant but lost the baby.  Family members say her body automatically delivered the baby, in response to the infection.

California, U.S.A.:  State health officials report spike in deaths.  Current deaths are almost at the number of all Golden State influenza deaths for all of the 2012-13 flu season.

Idaho, U.S.A.:  Department of Health and Welfare declared the influenza outbreak to be at “widespread” level.  H1N1 is the dominate strain.

Illinois, U.S.A.: McLean County reports two influenza deaths.  One of the men who died was confirmed infected with H1N1.

Iowa, U.S.A.: Department of Public Health reports a child died from H1N1.  They refuse to give the age or sex, or name of the victim.  They also said there were several adult deaths that could’ve been caused by influenza.

Louisiana, U.S.A.:  An 18 years old senior at Oak Hill High School, in Rapides Parish, died from H1N1.  His family says he was hit hard, laying still in his bed, then a few days later he died.

Michigan, U.S.A.: “This year what is concerning is the unusual number of young, previously healthy adults getting sick, needing to be put on life support, and dying from H1N1.”-Matthew Davis, Michigan Department of Community Health

Montana, U.S.A.:  Department of Health and Human Services reports 19-hundred influenza cases, 150 hospitalizations and three deaths since the start of the 2013-14 flu season in October.  Realize that Montana is a sparsely populated state, and you can see their number of cases are relatively high.

Ohio, U.S.A.:  Toledo-Lucas County health officials are warning that they could see record H1N1 deaths this flu season. Seven deaths in the Buckeye State so far.

Texas, U.S.A.: In Denton, a 46 years old mother of two is now in a coma with H1N1.  Doctors say they were forced to induce the coma, to try and save her.

Researchers from Columbia University Medical Center (CUMC) and the Centers for Disease Control and Prevention (CDC) report that their study shows that giving children the flu shot along with the pneumococcal shot can make them sick: “Parents should be made aware that their child might develop a fever following simultaneous influenza and pneumococcal vaccinations…….For the small group of children who must avoid fever, these findings provide important information….”-Melissa Stockwell, Columbia College of Physicians and Surgeons

Influenza

Influenza: H1N1 shuts down courthouse! Medical incompetence almost kills 4 years old! Incompetence kills woman! Vaccine & flu tests not working?

17 January 2014 (15:40 UTC-07 Tango)/15 Rabi ‘al-Awwal 1435/27 Dey 1392/17 Gui-Chou (12th month) 4711

Belize: Health officials confirm three people infected with H1N1. One of those, a 29 years old mother, has died.  There are several other people showing flu symptoms, but testing has been negative.

Alberta, Canada: Provincial health officials are dealing with a vaccine shortage.  They are now rationing the remaining flu shots in case of large outbreaks or for use in children under nine years of age only.  15-thousand vaccines are on order.

British Columbia, Canada: Kootenay health officials report nine confirmed cases of H1N1.  The Kelowna General Hospital reports they had to induce a coma in one 55 years old woman because of H1N1. The family thinks she got infected while on vacation in Las Vegas, Nevada U.S.A.

Newfoundland and Labrador, Canada: One person confirmed killed by H1N1.  16-thousand vaccinations are on order.  13-thousand people have already been vaccinated.

Spain:  Health officials report two elderly men died from H1N1.  At least 43 people hospitalized, with 18 under intensive care.

California, U.S.A.: In Fresno, a federal court judge has suspended all cases involving inmates from the Fresno County Jail.  This is because of an H1N1 outbreak in the jail, that’s already killed one inmate. In Milpitas, the Elmwood Correctional Facility reports an H1N1 outbreak.  The Humboldt County Department of Health and Human Services confirmed one man died of H1N1.  Solano county reports a person with chronic health problems was killed by H1N1. The county also reports ten new flu cases.  Tulare County reports a woman died from H1N1.  Kings County reports that three people have now died from H1N1. The USN is also encouraging all military personnel in the area to get vaccinated.  At this point at least 49 people in the Golden State have died from influenza, and another 50 deaths are being investigated “….and we’re still not at the peak of the season. This seems to be a season where more deaths are being reported.”-Gil Chavez, state epidemiologist

Idaho, U.S.A.: In Burley, a High School student showed up for school but became so sick he had to be picked up before lunch by his mom.  She took him to the doctor who immediately diagnosed him with H1N1.  The school was notified and they went into scrubdown mode. At least 50 other students were already out sick.

Indiana, U.S.A.: State Department of health says the number of influenza deaths are now at 11.  Last week it was three.

Louisiana, U.S.A.: “Our flu activity right now is very elevated.  The usual baseline is around 2.5% and we are well over 7%.”-Timothy Haman, CHRISTUS St. Patrick Hospital

Michigan, U.S.A.: In Kent County it was confirmed that three people died from H1N1.

Nebraska, U.S.A.:  Hall County reports two H1N1 cases.

New York, U.S.A.: Onondaga County Health Commissioner reports two deaths caused by H1N1.

Ohio, U.S.A.:  In Athens County, it was revealed that a 32 years old woman who died from H1N1 got the flu shot before getting sick. Doctors are baffled as to why she died: “We don’t know why she died. So far there are no answers, and that’s often the case….I’m at a loss to explain it.”-James Gaskell, Athens City-County Health Department

Oklahoma, U.S.A.: Department of Health reports 12 influenza deaths, 399 hospitalizations.

Oregon, U.S.A.: In Salem, a 52 years old woman didn’t recover.  She died from H1N1, after being diagnosed with bronchitis!  Hospitals are reporting that they are getting close to overcrowding with the number of influenza patients.  In Bend, officials with Saint Charles hospitals say if the crowding gets worse they will have to send Oregonians to hospitals in Idaho, Nevada or Washington.

Washington, U.S.A.:  In Vancouver, a 4 years old boy almost died because doctors failed to test him for influenza.  What’s even more unusual is that doctors tested his grandmother and another adult relative for the virus.  His grandmother says she demanded he be tested for H1N1 but says the clinic refused!  They were all sick, but have since recovered.  A doctor told a local TV station that flu tests are expensive and the clinic was probably trying to save money!

Business/Economics, International, U.S.

What Economic Recovery? IMF demands Japan raise taxes. It’s all about making investors happy, call it Global Vulture Capitalism!

12 June 2012, the International Monetary Fund (IMF) wants the Japanese federal government to raise sales taxes by a minimum of 15%.

The IMF issued a report to Japan, saying it was critical that “reforms” were made to social programs, and taxes.

Currently Japan has a 5% national sales tax, and the Diet (parliament) is considering raising it to 10%.  The IMF wants it to be 15% or more!

The IMF report reads very much like what is being imposed on people in several European countries, like Greece and Spain.

An IMF official admitted that it had nothing to do with saving governments, or helping citizens of affected countries, it was all about “investors”: “Japan must tackle its deep rooted fiscal problems. Passage of the current tax and social security reforms is thus crucial to demonstrate commitment to fiscal reform and thus to sustain investor confidence.”-David Lipton, First Deputy Managing Director IMF

Business/Economics, International, U.S.

What Economic Recovery? Emergency meeting Group of 7! “Impossible” to save Spain! Major credit freeze coming, just as Toyota warned!

“It is really hard in Spain to get a job right now because there are no jobs, and if somewhere you might have a chance, they do not want to pay what is more or less normal. Plus, everything is so expensive: supermarkets, food… Everything is really difficult now.”-Ada Adon, unemployed in Madrid, Spain

 

It has been revealed that the seven top industrialized countries (Group of 7, aka G7) had been in an emergency phone conference since late last night Japan time, early morning U.S. time!

Finance and banking officials from Japan, United States, Canada, Britain, France, Germany and Italy were discussing the global economic situation, a sign that things are getting worse!  The focus is on the European Union (EU).

No joint statement was issued, but Japan’s Finance Minister, Jun Azumi, said all efforts at the moment will focus on preventing a total collapse of the EU.

A German analysts said many investors are on the verge of giving up: “History is repeating itself, we are again in full crisis mode. Last year: crisis; this year: crisis.  The politicians have learned nothing. It would be so easy though. The ECB [European Central Bank] should massively intervene and buy time for countries like Italy and Spain so that they can pursue reforms. Nobody can bear this cacophony, this waiting, this riding out any more.”-Robert Halver, Baader Bank

This comes before the G20 meeting, and it comes on the same day Spanish officials announced a possible second credit crisis.

Spanish Treasury Minister, Cristobal Montoro, admitted on Spanish radio that it was “technically impossible” to save Spain’s economy!

It turn’s out that the recently created EU European Stability Mechanism (a bailout fund) doesn’t have enough money to bailout Spain, let alone other EU members!

Montoro blames high interests rates for crashing the Spanish economy, as well as other EU economies. He says the result will be another huge credit crunch.  On 31 May 2012, Toyota of Japan signaled such an international credit crisis by announcing it was selling $2.5 billion USD in bonds, to raise cash in order to ride out a second coming credit crisis (of course the U.S./British media misreported it).

 

 

 

 

Business/Economics, International, U.S.

What Economic Recovery? U.S. job creation crashing! European unemployment holding at record high! Production falling in China! Japan going down! Government bonds at record lows! Dow Jones erases all gains of 2012!

1 June 2012, bad news for everyone, that is bad news for everyone playing the western (U.S./British dominated) game of capitalism (including the “communist” Chinese)!

Employment numbers did not live up to the expectations of experts in the United States. The U.S. Department of Labor reported that only 69,000 net jobs were created in May.  Employment experts in the private sector expected at least 150,000 new jobs.

To top that, the Labor Department revised the April and March employment numbers…down!  For the two months before May, the number of net jobs created was revised downward by 49,000!

In the past labor officials said that in order to have an economic recovery unAmerican Corporate America must create 200,000 net new jobs every month.  That hasn’t happened, and now it’s worse!  The latest estimates are that 362,000 net new jobs must be created every month, for three years straight!  That would bring down the unemployment rate to 6%.

Here’s some factual numbers: At least 12.7 million people in the U.S. are “officially” unemployed.  At least 100,000 million people are “unofficially” unemployed!  Both those factual numbers come from the U.S. Department of Labor!

As one of the many Low Income workers who recently went back to work, working for the Man in the U.S. (after two years of unemployment), let me just say this: No Shit Sherlock!

We Low Income workers, still with jobs, have seen the unAmerican Corporate America bullshit first hand, on a daily bases.  It’s now to the point many of us see it on an hourly bases!  Nothing has changed, people!  If anything the glorified, deified, well educated, well financed leaders of our country are only picking up speed with their snowballing moronic decision making!  Need proof?  How about JP Morgan Chase  (I now work for a contractor who lost a contract with Chase, now I think we know a major reason why Chase canceled the contract)?  Wake up people!!!  UnAmerican Corporate America is the cause of our economic decline!

Now for Europe.

The 17 member European Union held onto its record unemployment rate for the second month in a row. The latest report is for the month of April, and it stands at 11%.  When you break it down by EU member countries it gets worse: Italy  10.2%, Portugal 15.2%, Greece 21.7% (stats for February only).

But how about that Spain?  24.3% unemployment!  When you look at just youth unemployment (workers under 25 years of age) it’s 51.5%!!!  Can you say “get ready for civil war”?

The result of the collapse of the EU is causing the euro to crash & burn, and forcing the Japanese yen to increase in value.  Not only that, but today was the first day that China and Japan began trading their money (in order to avoid the U.S. dollar) and the yen gained in value over the Chinese yuan!

That will kill Japanese business.  Japan is a country whose economy depends on international trade.  Since 2011 the yen has gained in value, and has already caused major harm to Japanese companies.  Yesterday Toyota announced that it was selling $2.5 billion USD in bonds to raise cash, because they believed another credit crash was coming (funny how the U.S./British mainstream media misreported the news).

China is reporting a drop in the Purchasing Managers’ Index, down 2.9 points from April.  The drop is caused by a combination of decreased sales internationally, and domestically.  It means China’s economy is slowing down, and if China is the manufacturing center of the western capitalist world, then it makes for a good canary in the western capitalist economic coal mine.

Oh, let’s not forget those stable government bonds.  On 1 June 2012, U.S. ten year bonds hit a record low of 1.5% interest!   German government bonds hit a record low of 1.1%!

The result of all this doom & gloom, based on factual data, is that all the stock markets in Asia went down.  In the United States the Dow Jones Industrial Average (aka Wall Street) lost all its gains for January to May 2012, falling more than 200 points in one hour and 30 minutes!