EUROPE | WHAT REALLY HAPPENED

EUROPE

Jan 21 13:47

Former White Official Exposes Shocking Real Reason For Historic 58-Sigma Move By Swiss

What actually happened was the Swiss National Bank realized that the balance sheet of the central bank’s ratio to the Swiss GDP had already reached a level of nearly 100 percent. And given what’s going on in the world — we’ve got inflation of 23 percent in Argentina, it’s projected to be 17 percent in Russia — inflation is picking up rapidly in many parts of the world and social unrest is unfolding. All of that gives Switzerland inbound capital flight from other countries.

They concluded that the combination of euro quantitative easing, plus the inbound capital flight and the likelihood of more geopolitical confrontation with Russia, which also pushes money into Switzerland — all of that put them on a trajectory so that if they would have continued to defend the currency peg, the Swiss National Bank's balance sheet would have been over a staggering 200 percent of GDP within one year.

Jan 21 13:32

Right on cue: ECB to flood the market with cash

A proposal from the European Central Bank’s Frankfurt-based executive board calls for bond purchases of roughly €50 billion ($58 billion) a month that would last for a minimum of one year, according to people familiar with the matter, an indication that officials are weighing massive stimulus to shore up the eurozone’s fragile economy and boost inflation.

Webmaster's Commentary: 

So the ECB (like the FED) creates a ton of cash out of think air to buy up government and corporate bonds, which means eventually the ECB (like the FED) basically own the governments and corporations ... and all for the cost of ink and paper.

Jan 21 08:07

Why Are Central Bankers Surprised by Monetary Disasters?

Again we see the adoption of a dialectical position. The mainstream media has been in full cry over the necessity for money printing and central bank bond purchases.

Now, comes a BIS former official – apparently someone with considerable clout – who says exactly the opposite thing. William White has come onto the record warning against what the European Central Bank plans to do as soon as possible.

Jan 20 10:32

First It Refused To Bail Out Its Insolvent Banks; Now Iceland Set To Officially Withdraw European Union Application

Iceland may be a small country, but when it comes to dealing with big problems it is truly the modern equivalent of David in the battle against the status quo Goliath. First, it was Iceland, and only Iceland, refusing to bail out its banks, when every other western nation was being held hostage by those who stood to lose the most from a financial collapse, and even going so far as throwing some of its banking executives in prison. And now, as MBL reports, Iceland's con­ser­v­a­tive In­de­pen­dence Party will sup­port a res­o­lu­tion in par­lia­ment to for­mally with­draw Ice­land's ap­pli­ca­tion to join the Eu­ro­pean Union.

Jan 20 09:52

European Parliament resolution of 15 January 2015 on the situation in Ukraine

A. whereas on 26 October 2014 Ukraine held parliamentary elections, which were conducted efficiently, in an orderly and peaceful manner and with general respect for fundamental freedoms, in spite of the ongoing conflict in the eastern regions and the illegal annexation of Crimea by Russia;

Webmaster's Commentary: 

European Parliament Legitimizes Lies

Jan 19 11:01

Would forgiving Greece’s debt really be that bad?

"A debt is a debt and it is a contract," IMF Managing Director Christine Lagarde told The Irish Times in an interview on Monday when asked about the general idea of holding a debt conference. "Defaulting, restructuring, changing the terms has consequences on the signature and the confidence in the signature," she said.

Webmaster's Commentary: 

The instant Greece's debt is forgiven, every other EU member will demand the same. That is the reason for Christine Legarde's hard line.

Jan 19 09:53

Switzerland May Be Preparing for the End of the Euro

If you haven’t been paying attention in the last 24 hours, the currency and equity markets have been rocked by a surprise move to delink the existing currency peg between the Euro and the Swiss Franc. This move has set off what many are calling a “financial tsunami” that could leave behind a path of destruction across the continent.

Webmaster's Commentary: 

This is a "Bash the Swiss" article, but the reality is that with the ECB about to launch QE across Europe, the Swiss saw the losses from the resulting inflation as too great to accept.

Jan 19 08:05

Netanyahu says Europe's 'Islamization' pushing Israel to expand Asia trade

Israeli Prime Minister Benjamin Netanyahu said on Sunday that a wave of anti-Semitism and what he called “Islamization” in Western Europe are factors in the government’s push to expand trade with Asia.

Jan 19 07:59

ECB Stimulation: The Trap Closes

European Economy ... No More Excuses for Draghi ... For months, European Central Bank President Mario Draghi has hinted that he's ready to announce a full-blown program of quantitative easing. [Now] the EU Court of Justice's advocate general cleared away a possible legal obstacle.

Webmaster's Commentary: 

... which triggered the Swiss unpegging.

Beyond that, there is a simple process at work here. In a world using a debt-based currency issued by private central banks, the process of QE is how those bankers, using just ink and paper and numbers in a computer, come to own all the hard assets of planet earth.

Jan 18 22:14

Hedge Fund Manager Who Survived Five Debt Crises Wiped Out Overnight on Swiss Franc

Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week when the Swiss National Bank unexpectedly let the franc trade freely against the euro, according to a person familiar with the firm.

Jan 18 09:32

Berlin in constant fear ECB will be lender of last resort

The European Central Bank faces another moment of truth as its governors debate whether to buy up the sovereign bonds of euro zone countries to avert a deflationary spiral. At issue still is the attitude of the German faction in the bank, which is resolutely opposed to such moves. But what explains this stance?

The stock response is that German hypersensitivity over the use of central bank printing presses can be traced right back to the country’s painful encounter with hyperinflation in the 1920s, when the Weimar Republic printed more and more banknotes to finance expenditure.

Jan 18 09:21

The Rothschilds Own Charlie Hebdo? Editors Girlfriend Works For The Rothschilds.

Jan 18 08:52

Everest Macro Hedge Fund Blows Up After Nearly $1 BIllion In Swiss Franc Losses

We also added that "We have yet to find out just which hedge funds were blown up yesterday", for the simple reason that unlike public banks who have an obligation to reveal news, especially bad, to their shareholders, hedge funds PMs hope to avoid the LP firing squad until the last second. Alas, there is only so long that the day of reckoning can be delayed.

One such fund is the Everest Capital Global macro fund, which went from just shy of a billion to zero in milliseconds as a result of a near wipe out due to a massive CHF-short position.

Jan 18 08:39

Greek Bank Runs Herald Exit From Eurozone

A fiat currency is only worth what people think it is worth. That goes for a country’s banking system as well. In Greece, where the Eurozone crisis started almost five years ago, it seems the Greek people do not have much faith in their banking institutions.

The bank runs have started. Who knows where this current round of Greek tragedy will end? I can say it will not end well.

Jan 17 10:42

Muscular Swiss franc creates financial havoc in Poland and Hungary

The fallout from the decision taken by the Swiss National Bank to remove the cap on its currency is a dream for some and a nightmare for others.

In Geneva queues formed outside foreign-exchange offices as those with Swiss francs hastily changed them into euros while the going was good.

One such man expressed his delight: “For me it is excellent news, for everything, for holidays, for shopping. I do a lot of shopping in France it is cheaper than in Switzerland and now its even cheaper we must seize the moment.”

Not much chance for cheer in Poland where more than 1.5 million are exposed to higher interest repayments on Swiss loans.

Jan 16 12:35

Currency Carnage: Why did the Swiss Pull the Peg?

As usual. Dr. Paul Craig Roberts, former assistant secretary of the US treasury, provides crucial (and scathing) analysis of both US government policies and recent events in FOREX markets. He offers this simple explanation for why the Swiss central bank removed the currency peg they initiated on their franc only three years ago, leaving behind a landscape littered with currency carnage:

The answer is that the EU attorney general ruled that it was permissible for the EU central bank to initiate Quantitative Easing–that is, the printing of new euros–in order to bail out the mistakes of the private bankers. This decision means that Switzerland expects to be confronted with massive flight from the euro and that the Swiss central bank is unwilling to print enough new Swiss francs to maintain the peg. The Swiss central bank believes that it would have to run the printing press so hard that the basis of the Swiss money supply would explode, far exceeding the GDP of Switzerland.

Jan 16 08:48

Fallout From Swiss Move Hits Banks, Brokers

Fallout from Switzerland’s wildly swinging currency ricocheted around the world, hitting global banks with tens of millions of dollars in losses and triggering the collapse of some brokerage firms.

Webmaster's Commentary: 

Everyone is blaming the Swiss, but the fact is the entire global private central bank scam has been held together with fraud and deception for years now, and it has to break at some point. Inevitably, there must be an event that escapes the ability of the banks and governments to control. If it isn't Switzerland, it will be something else.

Jan 16 07:39

These investments could get creamed in the Swiss avalanche

Now brace for everything you ever could have wanted to know about the country’s impact on global markets, but were afraid to ask. The whiz kids have had a few sleepless hours to think yesterday’s bombshell over, and some are worried about the after shocks.

Jan 16 07:33

Swiss National Bank Tells the World – “We’re Gettin’ Off This Train!”

Since 2008 the entire financial world has been turned upside down. In late 2011 the Swiss decided to peg their currency to the Euro, in essences giving up their national currency for the debt soaked Euro experiment.

When the Swiss pegged the Franc to the Euro, the Swiss people sold their sovereignty to the European Union. Approximately 22% of the people wanted their sovereignty back and voted on November 30, 2014 to repatriate their gold and reclaim their nation. Unfortunately, the other 78% (less the people that did not vote) said they were perfectly happy being debt slaves to their overlords at the European Central Bank. Thomas Jordan, the President of SNB, was actually campaigning AGAINST the gold repatriation movement, which in light of today’s announcement seems to be a contrarian move!! Why would a person vote against reclaiming their gold and then do a complete 180 degree turn against your own policy!!! This seems like it is going to have an ugly ending.

Jan 15 21:05

Moscow... Or Geneva?

A month ago, when the Russian Ruble was crashing, developed nations were delighted to poke fun of Russians who lined up in front of currency exchange kiosks, supposedly to convert their rapidly devaluing Rubles into Dollars or other rising fiat.

Today, those same developed nation hecklers are deathly silent after what may be the biggest western central bank faux pas in recent history, and which in addition to sending the Swiss Franc soaring has - perhaps for the first time in history - manifested in lines of people in front of currency exchange bureaus nowhere else, but in that bastion of capitalism: Geneva.

Jan 15 21:00

The Greek Bank Runs Have Begun: Two Greek Banks Request Emergency Liquidity Assistance

The first time the phrase Emergency Liquidity Assistance, or ELA, was used in the context of Greece was in August 2011, when Greece was imploding, when its banking sector was on the verge of collapse, and just before the ECB had to unleash a global coordinate bailout with other central banks including global central bank liquidity swap to preserve the Eurozone.

Jan 15 11:17

Déjà vu in France

I’m getting a big déjà vu feeling in the aftermath of the Charlie Hebdo killings in France.

The French government is declaring war on terrorism. It’s militarizing French society. It’s proposing a Patriot Act. It’s supporting a mass surveillance scheme. It’s advocating killing more people in the Middle East. There is even talk of using military tribunals to try terrorism cases.

Hey, those were all things that U.S. officials did after the 9/11 attacks. No wonder I’m getting a déjà vu feeling!

I’ll bet the German people are getting a bit of déjà vu too. That’s because their former president, Adolf Hitler, took the same sort of measures after the terrorist attack on the Reichstag. That’s what the Enabling Act was all about.

Jan 15 10:00

Swiss mess could make oil plunge seem like minor hiccup

While you were sleeping, all hell broke loose in Switzerland, as the central bank ditched its currency cap against the euro after four years and slashed interest rates to negative 0.75%. The Swiss franc is rallying wildly, while the Swiss stock market is cratering and U.S. stock futures are mostly on the losing side as investors figure out this latest shock to the markets

Jan 15 07:18

Russia Cuts Off Ukraine Gas Supply To 6 European Countries

Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these "transit risks for European consumers in the territory of Ukraine," Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis "within hours." Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas. The EU raged that the sudden cut-off to some of its member countries was "completely unacceptable," but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, "the decision has been made."

Jan 14 19:52

PATHETIC SPIN - Russia Is Losing Control Over The European Gas Market

Oil isn't Russia's only problem.

The energy exporter is losing its dominance over the European gas market.

Webmaster's Commentary: 

Russia isn't losing anything. They shut off the valves today for non-payment of the bill!

Jan 14 16:32

Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine

The European Union in Brussels called the sudden cut-off to some of its member countries 'completely unacceptable'.

Jan 14 15:16

Gazprom warns EU to link to Turkey pipeline or lose Russian gas

Russia's Gazprom giant on Wednesday urged the European Union to link up to its planned energy pipeline to Turkey or lose the gas that now transits Ukraine.

Jan 14 15:12

Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine

Russia cut gas exports to Europe by 60 per cent today, plunging the continent into an energy crisis 'within hours' as a dispute with Ukraine escalated.

This morning, gas companies in Ukraine said that Russia had completely cut off their supply.

Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in.

Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine.

Croatia said it was temporarily reducing supplies to industrial customers while Bulgaria said it had enough gas for only 'for a few days' and was in a 'crisis situation'.

Jan 14 13:20

Russia President Not Welcome at Auschwitz Liberation Anniversary

The standard practice for an event such as this would be for the host country to send out formal invitations.

However, specifically to avoid having to send a formal invitation to Russia president Poland did not send out invitations to anyone.

Instead she sent out mere notifications that event is going to take place.

After asking for a clarification whether it is invited or not Russia correctly concluded it is not welcome by the host country.

Webmaster's Commentary: 

I rather suspect that Putin is perfectly happy not to have to sit through this nonsense one more time.

Jan 13 11:05

Italy’s President Napolitano Set to Resign in Renzi Dilemma

Giorgio Napolitano, Italy’s longest-serving president, is set to resign as soon as tomorrow, after citing fatigue and his advanced age among the reasons that convinced him to step down before the end of his second seven-year term.

Matteo Renzi, the 40-year-old local politician picked by Napolitano to become prime minister, said today the president would resign “within hours.” Corriere della Sera newspaper said Napolitano would take the official step mid-morning tomorrow.

Jan 12 08:59

EU response to free speech killings? More internet censorship

In the wake of this week’s terrorist attacks in Paris, which began with the killing of 12 people at the offices of satirical publication Charlie Hebdo, the interior ministers of 12 EU countries have called for a limited increase in internet censorship.

The interior ministers of France, Germany, Latvia, Austria, Belgium, Denmark, Spain, Italy, the Netherlands, Poland, Sweden and the U.K. said in a statement (PDF) that, while the internet must remain “in scrupulous observance of fundamental freedoms, a forum for free expression, in full respect of the law,” ISPs need to help “create the conditions of a swift reporting of material that aims to incite hatred and terror and the condition of its removing, where appropriate/possible.”

Jan 11 09:49

US to boost European contingent with 3,000 troops, 150 tanks in 2015 – report

The US plans to send 3,000 more troops and over 150 tanks to Europe by the end of ear to bolster its presence on the region, a top commander announced.

Jan 11 09:45

NATO expansion in E. Europe ‘destroys EU security order’ – Gorbachev

The expansion of NATO into Eastern Europe has destroyed the European security order, former Soviet President Mikhail Gorbachev told Der Spiegel, adding that the Ukraine crisis could easily lead to nuclear war.

Jan 09 15:17

Top Russian, American and Polish Leaders Warn that Continued Fighting In Ukraine Could Lead to Nuclear War

Former Soviet leader and Nobel price winner Mikhail Gorbachev warned today that the battle in Ukraine could result in a nuclear war.

Webmaster's Commentary: 

"That's okay; we got plenty of bombs! And I have a bunker!" -- Official White Horse Souse

Jan 09 11:24

Russia and China: The Dawning of a New Monetary System?

China, leading member of the BRICS, is lining up the bloc of the BRICS and that of the SCO – and their currencies – to support Russia in need. Currency swaps between Russia (ruble) and China (yuan) for an initial US$ 25 billion equivalent have already been implemented, to allow direct transactions between the two countries. Similar swaps are under way between China and Russia with other countries, primarily the BRICS and the SCO (Shanghai Cooperation Organization) members – including the soon to become new members – Iran, Pakistan, India (also a BRICS member) and Mongolia – and possibly in some not too distant future also strategically located NATO member Turkey.

Jan 09 09:52

Euro sinks to fresh nine-year low

The euro has hit a fresh nine-year low against the dollar, in part after a surprise decrease in German manufacturing.

Jan 09 08:04

How Goldman Sachs May Provoke Yet Another Major Financial Crisis

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday”if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

Jan 09 07:50

Pentagon cutting expenses, consolidating bases in Europe

The United States Department of Defense has announced a restructuring of operations in Europe, including the closure of 15 American bases that will be offered over to host nations.

Jan 09 07:49

"Europe Can't Afford A Greek Exit" German Opposition Warns Merkel Is "Playing With Fire"

The mainstream media narrative - that Germany is ready and prepared for Grexit and that it is no longer a threat to financial stability - is all hype, according to German opposition finance minister Joachim Poss. As Bloomberg reports, all that is mostly posturing for an electorate tired of the aid and angst Greece has demanded since 2010. Simply put, the potential for Euro instability from a Grexit is a detriment to Germany's massive benefits from the single currency - "Europe can’t afford a Greek exit," Poss concludes, complacency by Merkel is "playing with fire."

Jan 09 07:46

NATO calls Russia anti-terror ally after Paris attack

NATO, which was at loggerheads with Russia over the Ukrainian crisis, will be seeking ‘a more cooperative and constructive relationship’ with Moscow in the fight against terror, the block’s chief said after Wednesday’s deadly attack in Paris.

Webmaster's Commentary: 

"No, wait ... that wasn't supposed to happen! You're supposed to hate the 'terrorists' AND Russia!!" -- Official White Horse Souse

Jan 09 07:25

‘I can fix EU problem’: Cameron in Merkel reform talks

British Prime Minister David Cameron says he is “convinced” he can mend the relationship between Britain and the EU, as pressure grows to call a referendum on UK membership.

Jan 08 12:18

OPERATION ATLANTIC RESOLVE

Persistent presence land forces assurance exercises are the first in a series of expanded U.S. land force training activities in Poland and the Baltic region taking place for the next few months and beyond. The exercises, conducted by U.S. Army Europe Soldiers and host nation forces, are a demonstration of U.S. commitment to NATO and to our collective defense responsibilities through increased ground, air, and naval force presence.

The intent of the supplementary exercises is to reassure NATO allies that the U.S. commitment to meeting our nation’s Article 5 obligations is unwavering. Accordingly, U.S. Army Europe has deployed a company-sized contingent of U.S. paratroopers from the 173rd Airborne Brigade, to Poland, Lithuania, Estonia, and Latvia, roughly 600 Soldiers in all, to conduct the expanded land force training. This action comes at the request of the host nation governments.

Jan 08 09:14

Eurozone Falls Into Deflation; ECB About to Do Something Stupid

Economists are in shock over what should be a welcome event. Deflation is exactly what consumers need. Some say this increases the likelihood the ECB will act on January 22.

Actually, it does nothing of the kind. The ECB is already 100% certain to do something counterproductive, and odds cannot exceed 100%.

Jan 07 10:33

Ukraine preparing for war despite peace talks

In the face of ongoing ceasefire talks in Berlin and a summit next week in Kazakhstan, Ukraine is arming its military for war. European leaders are becoming less optimistic about the Kazakhstan plan.

Germany and France cast doubt on next week's planned peace talks in Astana, Kazakhstan on Monday. At a four-way meeting attended by top diplomats from the two EU nations as well as Russia and Ukraine, officials said a new summit only makes sense if "real progress" is made in implementing the Minsk peace accord.

Despite these talks, Ukraine has beefed up its heavy weaponry, German news agency DPA reported. Ukrainian President Petro Poroshenko himself was on hand to deliver fighter jets, howitzers, and armored cars to the military in Zhytomyr in the north of the country.

"I am convinced that 2015 will be the year of our victory," Poroshenko said. "In order to achieve that, we need a strong, patriotic, and well-equipped army."

Jan 07 09:08

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout.

Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long.

Webmaster's Commentary: 

I just hope that the head of this opposition party, Alexis Tsipras, is wearing his Kevlar undies these days.

The real danger here is not Greece pulling out of the EU, but the way in which it will trigger credit default swaps, which could have a global impact, crashing the Euro.

Jan 07 09:04

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout.

Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long.

Jan 06 12:56

Greek Bonds Tumble As Report Sees "Decisive Victory" For Syriza

As The FT reports, forecasting group Oxford Economics says it has carried out an "in-depth" analysis of opinion polls ahead of Greece's snap general election on January 25, which shows that the radical Syriza party is on course to win a "clear mandate" to push through anti-austerity policies. Will German worry now?

Webmaster's Commentary: 

EVERYONE will worry. Syriza's majority is too large to defeat with election fraud. There may even be assassination attempts on their candidates. But when Syriza wins, Greece will follow Iceland's example and simply write off that portion of Greek debt attributable to fraud, which is about half of it. Greece may even leave the EU. And either case will start to trigger those credit default swaps, and while the bankers are in a position to deny the faults, doing so will collapse the derivatives market.

Jan 06 12:44

US Army Plans to Send Abrams Tanks and Bradleys to Eastern Europe

The new Army commander in Europe plans to bolster the U.S. armored presence in Poland and the Baltic states and keep rotations of U.S. troops there through next year and possibly beyond to counter Russia.

Jan 06 12:42

Ukraine preparing for war despite peace talks

In the face of ongoing ceasefire talks in Berlin and a summit next week in Kazakhstan, Ukraine is arming its military for war. European leaders are becoming less optimistic about the Kazakhstan plan.

Jan 06 10:26

Germany, France Pushing for End to Russia Sanctions

The US is keen to keep imposing new sanctions on Russia ad infinitum, and German vice-chancellor Sigmar Gabriel warned that there are forces in the European Union who are keen to do the same to “cripple Russia.”

With the ceasefire in eastern Ukraine holding, Germany and France are both increasingly pushing back against those sanctions, however, with French President Francois Hollande calling for sanctions to be ended outright.

Jan 06 09:08

Libyan warplane bombs Greek-operated oil tanker at port, two dead

A Libyan warplane from forces loyal to the internationally recognised government bombed a Greek-operated oil tanker anchored off the coast, killing two crewmen in an escalation of hostilities between factions vying to rule the country.

Jan 06 08:18

CETA should have a GMO warning label on it in Europe

Genetically modified (GM) food is more strictly regulated in the European Union than it is in Canada or the United States. The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the United States-European Union Transatlantic Trade and Investment Partnership (TTIP) will increase the risk of GM food entering Europe.

Jan 06 07:25

Oil Falls Below 50 As Global Financial Markets Begin To Unravel

On Monday, the price of oil fell below $50 for the first time since April 2009, and the Dow dropped 331 points. Meanwhile, the stock market declines over in Europe were even larger on a percentage basis, and the euro sank to a fresh nine year low on concerns that the anti-austerity Syriza party will be victorious in the upcoming election in Greece. These are precisely the kinds of things that we would expect to see happen if a global financial crash was coming in 2015.

Jan 05 19:48

Iceland to Withdraw EU Application: Prime Minister

Iceland is expected to withdraw its application to become a member of the European Union, the Reykjavik Grapevine reported Monday, citing the country's prime minister.

Webmaster's Commentary: 

That European Union isn't looking so attractive these days!

Jan 05 14:18

Soros: EU must take on new debt for a war against Russia.

The US investor George Soros urges Europe to a “war effort,” higher budget deficits to prepare for a war against Russia. Soros also calls for $ 20 billion in new loans from EU taxpayers for Ukraine.

Jan 05 08:40

The Chinese are Coming: Beijing in the Balkans and Eastern Europe

The chatter about Beijing’s economic surge coincided well with its Balkans drive, yet another means by which the Chinese business juggernaut is seeking satiation. Chinese diplomats and figures are not strangers to the region.

Last month, Beijing exerted its already noted muscle in the southern European, Balkans region, holding discussions with Serbian counterparts on further financial involvement. The point of convergence was the Central and Eastern European-China summit, continuing last years 16+1 initiative begun in Bucharest.

Webmaster's Commentary: 

To minimize the time goods get from China and Asia to Europe will also make those goods more attractive, from a price point perspective, to potential European companies.

Jan 05 08:09

Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union

In other words, just as slowly, the world is starting to grasp the bottom line: it is not the financial exposure to Russia, or the threat of financial contagion should Russia suffer a major recession or worse: it is something far simpler that will lead to the biggest harm for Europe's countries. The lack of trade. Because while central banks can monetize everything, leading to an unprecedented asset bubble which if only for the time being boosts investor and consumer confidence, they can't print trade - that all important driver of growth in a globalized world long before central banks were set to monetize over $1 trillion in bonds each and every year to mask the fact that the world is deep in a global depression.

Jan 05 07:44

‘Political manipulation’: Germany wants new Greek govt to obey forced administration

The German government insists it wants Greece to stay in the eurozone and isn’t drafting any contingency plans in case of ‘Grexit’. This shows Germany is adamant about keeping Greece under the domination of the 'troika', journalist Ernst Wolff told RT.

“The goal of the German government, the European Union and even the government in Athens itself is to keep Greece in the euro zone," German Vice Chancellor Sigmar Gabriel said in an interview on Sunday.

"There were no, and there are no, other plans to the contrary," he added, without directly refuting Der Spiegel’s report that a common belief in the German government was that the eurozone is stable enough to cope with potential Greece exit.

"That's why we can't be blackmailed and why we expect the Greece government, no matter who leads it, to abide by the agreements made with the EU," Gabriel added, echoing an earlier statement by a high-ranking member of German Chancellor Angela Merkel’s party, Michael Fuchs.

Webmaster's Commentary: 

So if Greece defaults on its EU debt, what is Germany going to do, INVADE?!?

I think not.

Jan 05 07:17

Greek euro exit would be ‘Lehman Brothers squared’: economist

A decision by a new Greek government to leave the eurozone would set off devastating turmoil in financial markets even worse than the collapse of Lehman Brothers in 2008, a leading international economist warned Saturday.

A Greek exit would likely spark runs on Greek banks and the country’s stock market and end with the imposition of severe capital controls, said Barry Eichengreen, an economic historian at the University of California at Berkeley. He spoke as part of a panel discussion on the euro EURUSD, -0.77% crisis at the American Economic Association’s annual meeting.

The exit would also spill into other countries as investors speculate about which might be next to leave the currency union, he said.

Webmaster's Commentary: 

The real problem here, should Greece leave the Euro, and default on their debt, there is a potential crash of credit default markets, which could well go global.

Jan 05 07:01

Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union

Russia has presented a startling proposal to overcome the tensions with the EU: The EU should renounce the free trade agreement with the United States TTIP and enter into a partnership with the newly established Eurasian Economic Union instead. A free trade zone with the neighbors would make more sense than a deal with the US.

It surely would, but then how will Europe feign outrage when the NSA is found to have spied yet again on its "closest trading partners?" Some more on Russia's proposal from EUobserver:

Vladimir Chizhov told EUobserver: “Our idea is to start official contacts between the EU and the EAEU as soon as possible. [German] chancellor Angela Merkel talked about this not long ago. The EU sanctions [on Russia] are not a hindrance”

Webmaster's Commentary: 

love Putin or hate him, he 20,000 chess moves ahead of the US government in presenting this proposal to Europe!!

And Europe, collectively, may well have had just enough of US governmental bullying and NSA spying to say yes to the proposal!!

Jan 04 09:19

Germany warns against tougher sanctions on Russia

Germany's deputy chancellor, Sigmar Gabriel, has warned against destabilizing Russia through too severe sanctions over the Ukraine crisis. He said an unstable Russia would pose a danger to all of Europe.

Webmaster's Commentary: 

"That is a small price to pay to GET THOSE @#$%ING ROOSKIES!!!!" -- Official White Horse Souse

Jan 04 08:43

French military intervention in Libya 'within 3 months': sources

France could launch a military intervention in Libya within three months, according to an Arab diplomat who spoke to Arabic-language newspaper al-Sharq al-Awsat.

The official, who asked not to be named, told the newspaper on Saturday that the question currently under discussion in Paris is not whether France will launch strikes in crisis-hit Libya, but when.

Webmaster's Commentary: 

Third invasion of Iraq, now the second invasion of Libya; the war to force the world back to the dollar isn't going so well!

Jan 01 15:07

IMF suspends financial aid to Greece

The International Monetary Fund has said it is suspending financial aid to Greece under its huge rescue program until a new government is formed.

Jan 01 12:37

Guest Post: 2014 - A Russian Viewpoint

By any measure 2014 has been a truly historic year which saw huge, I would say, even tectonic developments. This year ends in very high instability, and the future looks hard to guess. I don't think that anybody can confidently predict what might happen next year. So what I propose to do today is something far more modest. I want to look into some of the key events of 2014 and think of them as vectors with a specific direction and magnitude. I want to look in which direction a number of key actors (countries) "moved" this year and with what degree of intensity. Then I want to see whether it is likely that they will change course or determination. Then adding up all the "vectors" of these key actors (countries) I want to make a calculation and see what resulting vector we will obtain for the next year.

Webmaster's Commentary: 

This is a very long post, but well worth the read.

The bottom line here is that both Russia and the US/NATO military and political leaders are preparing for war over the rebellious provinces of Eastern Ukraine.

The big question is just how such a war will play out, with US/NATO fighting with the Ukrainian military, and Russia fighting to protect those Eastern rebellious provinces.

Jan 01 07:56

US plans to deploy armored brigade to Europe pre-date Ukraine hostilities

By the end of next year, Washington plans to station about 150 tanks and armored vehicles in Europe, according to a US military commander, who said the decision was made before the Ukrainian crisis strained Russia-US relations.

Dec 31 13:17

Upcoming 2015 year will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of Eurasia, Pepe Escobar believes.

Fasten your seat belts; 2015 will be a whirlwind pitting China, Russia and Iran against what I have described as the Empire of Chaos.

So yes – it will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of Eurasia. We will see a complex geostrategic interplay progressively undermining the hegemony of the US dollar as a reserve currency and, most of all, the petrodollar.

Webmaster's Commentary: 

China, Russia, and Iran are all thinking long-term progress.

The US government can barely think past the next election.

Dec 31 09:10

U.S. to station 150 armored vehicles in Europe

The United States plans by the end of next year to station around 150 tanks and armored vehicles in Europe for use by U.S. forces training there, according to a U.S. military commander.

Webmaster's Commentary: 

"And, you know, sort of like, be available ... if we ... kinda need to invade Russia ... or something." -- Official white Horse Souse

Dec 31 07:16

Greek PM dissolves parliament ahead of snap elections

If I had any say with the Arab oil-producing nations, I would tell them to all start selling their oil for currencies other than the dollar at once and start pulling their money out of the US financial system as fast as possible.

Dec 30 09:57

Economic Terrorism Against Russia Intensifies

Jeff Nielson: The Russian ruble fell a further 7% Monday. What is the “reason” cited in the Corporate media for this latest, further plunge in its “value” (i.e. exchange rate)? An “economic report” which shows that Russia’s economy is shrinking. Here we see the pattern of the economic terrorism perpetrated by the One Bank exposed.

In 2010; the One Bank decided to destroy the economy of Greece. It did so for several reasons. It wanted to “make an example” of Greece for all the other European governments to see. This was deemed essential when (tiny) Iceland successfully broke-free of the control of this crime syndicate after the Crash of ‘08, and reclaimed its own sovereignty. It was not about to allow other European governments to follow that example, and begin to assert their own independence.

Webmaster's Commentary: 
Dec 30 07:41

Rise of Spanish populists overturns two-party system

The sudden rise of a new anti-establishment party has transformed Spanish politics a year before a general election, forcing the center-right government to veer away from austerity and the left-leaning opposition to scramble for new leaders.

In just a year since its founding, the party "Podemos" - We Can - has overturned the two party system in place since Spain embraced democracy in the 1970s. It is now polling around even with the ruling People's Party (PP) and main opposition Socialists, and has even led in some polls.

Dec 30 07:22

Euro slides to 2-year low on Greek election fear

The dollar gained ground on the euro and the Japanese yen Monday, with the European single currency trading at a two-year low as Greece prepares for snap elections on a tide of voter resentment against the terms of the country’s international bailout.

Webmaster's Commentary: 

The leading candidate in the coming Greece elections is anti-ECB and anti-austerity. The last time such a candidate ran for office in Greece there was massive election fraud, but this time the Greek voters are so overwhelming against the central bank, election rigging may not prevail. Assuming this candidate is not shot out of the running (Like Robert Kennedy), a win could well mean Greece leaving the EU and defaulting on its debt. That in turn would trigger the credit default swaps sold by Wall Street against Greece's debt. The Wall Street corporations which sold those swaps do not have the cash reserves to pay the claims, which means the Federal Government will insist the American taxpayer cover the losses, in true fascist economic method. I hope the American people will tell the Federal Government that We The People will not pay for Wall Street's bad business decisions any longer.

Dec 26 08:40

Russia’s biggest blacklisted banks appeal EU sanctions

Russia’s two biggest lenders Sberbank and VTB, as well as Russia’s foreign development bank Vnesheconombank (VEB) have appealed to the European Court of Justice against EU sanctions, saying there was not enough evidence for their introduction.

The lenders also say the sanctions are illegal, as they violated WTO rules and some international agreements.

The sanctions imposed in July on Russian banks banned some of the biggest lenders from getting long-term borrowing from the international financial markets.

Dec 25 09:36

Russia Says Ukraine's NATO Ambitions Are Dangerous For Europe

Russian Foreign Minister Sergei Lavrov said Ukraine's pursuit of NATO membership posed a danger to European security and that the West was using Kiev's bid to join the Atlantic alliance as a way to fuel confrontation between Russia and Ukraine.

The Kiev parliament's renunciation of Ukraine's neutral status this week as a step towards joining NATO has outraged Moscow and deepened the worst confrontation between Russia and the West since the end of the Cold War.

Lavrov is the latest Russian official to speak out against Kiev's bid in recent days and to make it clear Russia would see the NATO membership of such a strategic former Soviet republic with a long common border as a direct military threat.

Dec 24 10:39

Russia Blames NATO For Ukraine Dropping Nonaligned Status

NATO members pushed Ukraine toward dropping its nonaligned status, Russia claimed Wednesday, and also criticized the alliance for expanding its military presence near Russian borders.

Ukraine's parliament abandoned the nonaligned position Tuesday, possibly paving the way for a bid to join NATO, in defiance of Russia's protests.

Moscow strongly protested the Ukrainian parliament's move. Deputy Defense Minister Anatoly Antonov said Wednesday that unidentified NATO members had pushed Ukraine to make the move in a bid to turn it into a "forward line for confronting Russia."

"Under the slogan of a 'Russian threat,' NATO is expanding its military potential in the Baltics, Poland, Bulgaria and Romania," Antonov said in remarks carried by Russian news agencies.

Webmaster's Commentary: 

Folks, if you don't believe that this could escalate into a shooting war between NATO aligned with the West (read: the US) against Russia, you had very much better think again.

It is very clear, between the sanctions against it, the deliberately low pricing for oil, which is wrecking Russia's economy, and a potential downgrade of its financial worthiness, courtesy of Standard & Poor's, that the US is doing everything in its power to effect regime change in Russia.

Putin is too smart to let THAT happen.

But at the very top levels of leadership, the US and NATO are two reckless, hubristic organizations with a penchant for making very bad decisions which are not thought all the way to their logical conclusions.

And if you do not believe me, just take a look at the NATO/US "partnership" in Afghanistan, now 13 years old.Can someone possily explain to me how the current quagmire in Afghanistan is a "victory" for the US or NATO?!?

There is no military metric by which anyone in their right mind can claim this to be a "victory" for either the US or NATO.

The only bloody thing which has "improved" has been the massive boom in opium poppy production, but that is it.

Hell, it's never their kids who will wind up getting killed or maimed for life, ultimately for private profit; it is always other people's kids (your families, our families, etc.).

And the reason the US went into Afghanistan militarily was that the "leadership" in this country thought that the prices for pipeline rights being asked by the Taliban were "too high", and their regime "too unstable". As reported at theguardian.com in June 2003:

Start with father Bush. The former president and ex-CIA director is not unemployed these days. He's been globetrotting as a member of Washington's Carlyle Group, a $12 billion private equity firm which employs a motorcade of former ranking Republicans, including Frank Carlucci, Jim Baker and Richard Darman. George Bush senior and colleagues open doors overseas for The Carlyle Group's "access capitalists." Bush specializes in Asia and has been in and out of Saudi Arabia and Kuwait (countries that revere him thanks to the Gulf War) often on business since his presidency. Baker, the pin-striped midwife of 'Election 2000' was working his network in the 'stans' before the ink was dry on Clinton's first inaugural address. The Bin Laden family (presumably the friendly wing) is also invested in Carlyle. Carlyle's portfolio is heavy in defense and telecommunications firms, although it has other holdings including food and bottling companies. The Carlyle connection means that George Bush Senior is on the payroll from private interests that have defense business before the government, while his son is president. Hmmm. As Charles Lewis of the Washington-based Center for Public Integrity, has put it, "in a really peculiar way, George W. Bush could, some day, benefit financially from his own administration's decisions, through his father's investments. And that to me is a jaw-dropper." Why can we assume that global businessmen like Bush Senior and Jim Baker care about who runs Afghanistan and NOT just because it's home base for lethal anti-Americans? Because it also happens to be situated in the middle of that perennial vital national interest -- a region with abundant oil. By 2050, Central Asia will account for more than 80 percent of our oil. On September 10, an industry publication, Oil and Gas Journal, reported that Central Asia represents one of the world's last great frontiers for geological survey and analysis, "offering opportunities for investment in the discovery, production, transportation, and refining of enormous quantities of oil and gas resources." It's assumed we need unimpeded access in the 'stans' for our geologists, construction workers and pipelines if we are going to realize the conservation-free, fossil-fueled future outlined recently by Vice President Cheney. A number of pipeline projects to carry Central Asia's resources west are already under way or have been proposed. They would go through Russia, through the Caucasus or via Turkey and Iran. Each route will be within easy reach of the Taliban's thugs and could be made much safer by an American vanquishment of Muslim terrorism. There's also lots of oil beneath the turf of our politically precarious newest best friend, Pakistan. "Massive untapped gas reserves are believed to be lying beneath Pakistan's remotest deserts, but they are being held hostage by armed tribal groups demanding a better deal from the central government," reported Agence France Presse just days before September 11.

This is why our sons and daughters, mothers and fathers have died, and continue to die and be maimed for life in Afghanistan; it is about who controls the flow of oil through the region, and in what financial denominations.

This is not about our "freedoms or liberties" or really what fragments of those which may yet remain, after the evisceration of the Constitution and Bill of Rights by the Homeland Security Act; the Patriot Act, and the NDAA: this is about potential private profit, period, end of discussion.

This current escalation of hostilities, both economic and military, against Russia demonstrates to me that the US and NATO are prepared to go to war against it, to destroy its economy, and destroy Russia militarily.

However, there is one big, ugly factor which generally goes unstated, again reflecting the illogical, magical, and hubristic thinking of US and NATO leadership: the US and NATO do not have the troop strength, the manufacturing, or the money to insure a successful outcome to a conventional war against Russia; and that is why the military scenario here remains so scarily dangerous.

Dec 24 10:14

It was the EU that provoked the Ukrainian shambles, not Vladimir Putin

Quite one of the oddest and most frightening stories of the year has been the ludicrous and persistent misrepresentation in the West of the reason for the tragic shambles unfolding over Russia and Ukraine.

This has been presented as wholly the fault of the Russian “dictator” Vladimir Putin, compared by Hillary Clinton and the Prince of Wales to Hitler, for his “annexing” of Crimea and for fomenting the armed uprising in eastern Ukraine. Almost entirely blotted out has been the key part played in triggering this crisis by the remorseless urge of the EU to draw the cradle of Russian identity into its own empire.

Dec 24 07:05

Police warn Chinese forgery gangs have learned how to make near-perfect £2 coins… and say the crooks are already flooding Europe with similar fakes

Another investigator told the paper that the China to Italy counterfeit route was 'entirely feasible' and it should ring alarms bells if Chinese gangs were exporting to the country.

Webmaster's Commentary: 

In other words, they do not actually know who is making these fake coins, but China makes a convenient villain.

Dec 23 09:23

Oil Price War Blowback: EU businesses hit hard by weak Russian currency

Dec 22 08:34

Rallies staged in over 30 Spanish cities against tough new anti-protest law (PHOTOS)

More than 30 cities in Spain have expressed their anger over the so-called ‘gag’ legislation that criminalizes social protest and, demonstrators say, curbs the freedom of expression.

The slogan of the movement is "Gag Law, why do they want to shut us up?" and unites several groups of citizens spearheaded by the "We Are Not Criminals" civil platform.

Dec 22 07:53

Infanta Cristina of Spain to Be Tried on Tax Offence Charges: Judge

The Spanish Duchess of Palma de Mallorca, Infanta Cristina, is to be tried on two tax offence charges.

Judge Jose Castro ruled that the hearings would take place in the second half of next year.

The Duchess of Palma de Mallorca was put on trial for tax offences, based on evidence that she was involved in fraudulent activities carried out by her husband Inaki Urdangain. Urdangain and his former associate Diego Torres have been accused of embezzling $7.3 million in public funds from the non-profit Noos Institute through a company owned by the royal couple.

Dec 22 07:21

GREEK CRISIS: Samaras desperation takes a new turn.

Having earlier explored the idea of dumping his Presidential candidate, Prime Minister Antonis Samaras now seems to be reaching out like the drowning man for any straw in the wind.

He has apparently been pootling about various salons in Athens offering to bring forward elections and make his Cabinet “more inclusive”.

Dec 22 07:18

Having Sabotaged South Stream EU Now Desperate for Azerbaijan Gas

The Foreign Ministers of Azerbaijan, Georgia and Turkey gathered in Kars to strenghten trilateral cooperation between the three neighbors. Especially energy and transportation projects, such as the Trans-Anatolian gas pipeline (TANAP) and the Baku-Tbilisi-Kars railway, were high on the agenda during the fourth trilateral meeting since the launch of this format in 2012.

Russia's decision to drop the South Stream project and redirect the pipeline to Turkey caused a great stir in Europe and some EU countries immediately expressed their concern that this could affect the implementation of TANAP but Turkish FM Mevlüt Cavusoglu put oil on troubled waters:

Dec 22 07:12

Rothschild Funding World War II - Dr Antony C Sutton Interview

Dec 22 07:02

Leaked CIA docs teach operatives how to infiltrate EU

Wikileaks has released two classified documents instructing CIA operatives how best to circumvent global security systems in international airports, including those of the EU, while on undercover missions.

Dec 22 06:58

Belarus In Full-Blown Hyperinflation Panic: Blocks News, Online Stores; Bans All FX Trading For 2 Years

"We have to do something with these Belarussian rubles," exclaims one Belarussian as she shops to turn worthless rubles (BYR) into physical assets. As AFP reports, The Belarussian currency was dragged down by the slide of the Russian ruble last week, leading authorities to impose draconian measures, forbid price increases even for imported goods, and warn people against panic. Now, however, in an effort to stem the flood of hyperinflating domestic prices, authorities have blocked online stores and news websites to stop the run on banks and shops as people scramble to secure their savings. One of the blocked news websites noted, it "looks like the authorities want to turn light panic over the fall of the Belarussian ruble into a real one," calling the blockages "December insanity."

And indeed they have stepped up the insanity, extending the halt in FX trading...

Dec 21 08:46

EU Delegation: Israel has committed genocide

These members of the European Parliament are calling on the European Union to break diplomatic ties with Israel and implement sanctions against the country because of the war crimes it has committed against the people of Palestine.

Dec 20 09:43

IMF holds back Cyprus bailout funds

The International Monetary Fund has said it will not release a further €88m (£69m/US$108m) in bailout money for Cyprus on Friday after the country’s parliament delayed a key foreclosure law that was due to take effect at the end of December.

“Following today’s suspension of the existing legislation on foreclosure, critical requirements for the completion of the fifth programme review are now no longer met,” the IMF said in a statement. Its board had been set to discuss Cyprus’s progress with the loan programme on Friday and was thought likely to release the next instalment of aid.

Cyprus needed an international bailout of €10bn (£7.8bn/US$12bn) from the European commission and the monetary fund in early 2013, largely due to problems in its banking sector.

Webmaster's Commentary: 

Were I a betting woman, I would bet against this "buffering legislation" getting passed, and those who lost horrifically, in terms of losing their jobs, or saw their incomes battered, will be even more financially crucified, given the current state of things in Cypress, coupled with the hideous and inhuman greed of the IMF.

Dec 19 15:30

'Grieks parlementslid kreeg 3 miljoen euro aangeboden in ruil voor stem voor volgende president'

Pavlos Chaikalis, an MP for the Greek Independents, has received an amount between 2 and offered the 3 million to vote for the next Greek president. That explained the man Friday on Greek radio. The name of the briber was not released, but according Chaikalis it is a known person in the political and economic circles.

In addition to 700,000 euros in cash Chaikalis would get facilities in the payment of outstanding loans and would be granted him some publicity contracts. Chaikalis is also an actor.

Webmaster's Commentary: 

greek member of parliament was offered 3 million euro vote the 'right way'

Dec 19 11:35

Landslide EU vote for Palestinian State

The European Parliament has adopted a resolution recognizing Palestinian statehood in principle. A total of 498 MEPs voted in favor, while 88 were against.

Webmaster's Commentary: 

Ooooh, I'll bet a Palestinian terrorist (nudge nudge wink wink) will do something nasty in Europe soon!

Dec 19 08:06

ATHENS SOURCES: Prime Minister Samaras seeks more aceptable Greek Presidential nomination

It seems that the fingernails of Antonikis Samaras are so desperately clinging to power, the New Democracy olive-stone from Kalamata now seeks a “more acceptable” Presidential name, in the hope of winning more MPs round to his way of thinking.

Greater self-love hath no man, than he sacrifice his candidate for his future.

Dec 19 08:03

EU introduces ‘discriminatory’ sanctions on Russia’s Crimea

Having slapped Crimea and Sevastopol with new investment restrictions, the EU stopped short of introducing new sanctions against Russia’s mainland, with political heavyweights including France and Germany cautiously hinting at possible policy reversal.

The EU summit in Brussels, hosted by European Council President Donald Tusk, has abruptly ended half a day earlier than planned with European leaders opting against introducing a new set of sanctions on Moscow. While a number of delegations spoke in favor of new measures, the bloc’s political heavyweights urged caution.

Webmaster's Commentary: 

Mostly because this new World War will be fought in their own countries!

Dec 18 09:12

Is Europe About to Lose the Fight Against GMO’s?

“What emerges is an understanding of TTIP as the political project of a transatlantic corporate and political elite which, on the unfounded promise of increased trade and job creation, will attempt to reverse social and environmental regulatory protections, redirect legal rights from citizens to corporations, and consolidate US and European global leadership in a changing world order.” – (Seattle to Brussels Network, Kim Bizzarri)

Dec 18 09:11

EU coal in Israel’s sock

The bad news for Israel keeps on coming, and judging by the reactions of Israeli and U.S. politicians, more is yet to come.

The Israelis were aghast at the news that a European court found that Hamas should be removed from the EU’s terror list. Benjamin Netanyahu reacted with his predictable buffoonery and bombast, alleging that Europe has “learned nothing” from the Holocaust.

The reality is that Israel has learned nothing from several decades of warnings by its friends and allies, who have repeatedly said Israeli indifference to human rights law, the provisions of Geneva Conventions, and the realities of the Palestinian-Israeli conflict would lead only to stalemate and backlash.

Dec 18 09:08

Dozens of shots fired at Israeli embassy in Athens

Unknown attackers fired dozens of bullets at the facade of the Israeli embassy in Athens without causing any injury in a pre-dawn, drive-by attack Friday on one of the Greek capital's best-guarded buildings.

Dec 18 08:15

UN claims of asylum seekers’ ‘inhumane’ treatment provoke Dutch ire

The uproar from UN officials came after the central government recently refused to release €15 million in funds for local authorities to provide accommodation and food for those asylum seekers, who have been deemed to lack genuine humanitarian reasons for staying in the Netherlands without a visa

Dec 18 08:01

Netanyahu: We expect the EU to put Hamas back on the terror blacklist immediately

Israel reacted furiously on Wednesday to the European Court of Justice’s decision to take Hamas off the EU’s list of terrorist organization, rejecting explanations that this was just a technical step that will be overturned before it is implemented.

Prime Minister Benjamin Netanyahu, before a meeting with Joni Ernst, the newly elected Republican senator from Iowa, called it one example of “staggering” European “hypocrisy.”

Dec 18 07:58

France to block David Cameron's treaty change plan

David Cameron’s bid to renegotiate Britain’s relationship with the European Union will be dealt a blow on Thursday when the French president tells the Prime Minister he is “obsessed with his own problems”.

Francois Hollande will block Mr Cameron’s request for a change to the EU treaty to include a new settlement for Britain in Europe, The Telegraph has learnt.

Mr Hollande will tell the Prime Minister that he is opposed to amending the EU’s treaty on the grounds that change is not needed and might trigger a referendum in France

Dec 18 07:27

Swiss Central Bank Plunges Into NIRP, Sends Deposit Rates Negative, Scrambles Against Safe-Haven Capital Flight

Everyone thought that any major monetary policy surprises and/or capital controls today would come from Putin during his annual press conference. Boy were they wrong: just after 2 am Eastern, none other than the Swiss National Bank joined the ranks of the ECB in scrambling to stem the wave of capital flight, not to mention the cost of money, when it announced it too would start charging customers for the privilege of holding cash in its banks

Dec 17 10:57

EU: Greek Defiance on Debt Would Be 'Suicidal'

A refusal by Greece to repay bailout debts would be "suicidal" for the country, the European Union's top finance official said Monday in a clear warning to the country's popular opposition.

EU Finance Commissioner Pierre Moscovici made the remarks after a three-hour meeting with conservative Prime Minister Antonis Samaras.

"The idea of contemplating the possibility not to reimburse a huge debt is suicidal ? it's not possible, you'll be in default and that's what we've been trying to avoid for years," Moscovici said.

Moscovici's two-day visit went ahead despite stalled negotiations between Greece and bailout creditors, and took place ahead of a parliamentary vote that could topple Greece's pro-bailout government this month.

Webmaster's Commentary: 

A memo to EU Finance Commissioner Moscovici: it sure as heck was NOT suicidal when Iceland did it. They repudiated their odious debt, threw the politicians and the banksters responsible for creating their financial mess into prison, and their economy is doing quite well, thank you very much!!

I frankly think it is a GRAND model, sir, and one that the Greeks might well think about emulating.

Dec 17 10:50

NATO tactical aircraft double flight intensity near Russia, Belarus borders

Tactical aircraft of North Atlantic Alliance states more than doubled flight intensity near borders of Russia and Belarus this year, Chief Commander of Russian Air Force Colonel General Viktor Bondarev told reporters on Tuesday.

“Overall number of flights by NATO tactical aircraft in regions bordering Russia and Belarus has more than doubled to exceed three thousand in 2014 against 2013,” Bondarev said.

NATO aircraft flights near Russian borders “are beyond comparison with flight intensity by Russian long-range aircraft,” the chief commander added.

The United States and NATO states have made flights of their spy planes much more intensive this year, particularly in the Baltic states. The number of flights makes 8-12 a week, the general said.

Webmaster's Commentary: 

Just because initiating a war with Russia would be one of the most pig-headedly, ham-fistedly stupid things the US and NATO could do right now, is, unfortunately, absolutely no guarantee that they will not do so, and that is just the hard truth here.

I have seen the demonization of Russia rise exponentially in the last couple of months. Now, we see an economic war against the ruble due to the oil price collapse, courtesy of the US and Saudi Arabia, which is already putting many US oil-related companies and projects at high risk.

I would like to very politely suggest to all those inhabiting Sodom on the Potomac, that the US military does not have the troop strength, the money, or the manufacturing to insure a positive outcome to a conventional war with Russia; and this is what makes the military scenario so scarily dangerous here.

Dec 17 10:14

Pepe Escobar, Eurasian Integration vs. the Empire of Chaos

Welcome to the new trans-Eurasia choo-choo train. At over 13,000 kilometers, it will regularly traverse the longest freight train route in the world, 40% farther than the legendary Trans-Siberian Railway. Its cargo will cross China from East to West, then Kazakhstan, Russia, Belarus, Poland, Germany, France, and finally Spain.

The Yiwu-Madrid route across Eurasia represents the beginning of a set of game-changing developments. It will be an efficient logistics channel of incredible length. It will represent geopolitics with a human touch, knitting together small traders and huge markets across a vast landmass. It’s already a graphic example of Eurasian integration on the go. And most of all, it’s the first building block on China’s “New Silk Road,” conceivably the project of the new century and undoubtedly the greatest trade story in the world for the next decade.

Webmaster's Commentary: 

What does Chinese government do to get the things it wants economically?!?

It pushes technology, and drives win/win deals.

What does the US government do to get what it wants economically?!/ It wages wars.

And what is wrong with this picture?!?

BLOODY EVERYTHING.

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