27 Feb 2013

EU report slams Israeli settlements, calls for economic sanctions

RT: An internal report by the European Union has come down hard on the Israeli regime's decision to continue settlement construction in occupied East Jerusalem, threatening to end economic projects that involve the Jewish settlements.
An Israeli army bulldozer destroys Palestinian houses in the east Jerusalem Arab neighbourhood of Silwan in JerusalemТs old city on January 28, 2013. (AFP Photo / Ahmad Gharabli)The harshly worded 15-page report provides recommendations to the 27 member-states for responding to Israel’s activities in the occupied territories – which the document described as “systematic, deliberate and provocative” – and endorses a strategy that aims at “making it impossible for Jerusalem to become the capital of two states.”

Seven of the report’s 10 recommendations propose slapping tough economic sanctions on organizations directly involved in construction projects in the Jewish settlements, Israeli daily Haaretz reported. The report also called on the EU’s 27 member-states to “prevent, discourage and raise awareness” about doing business with companies that work in the disputed settlement zones.

It advised EU states to work to ensure that products exported from the settlements not receive an unfair advantage through “preferential tariffs,” and to give consumers an opportunity to make an “informed choice” through clear labeling of products’ origins.

BBC Sucks A Cocks News

The Artist taxi driver 
"You are 100 times more likely to be killed by the government
than by a terrorist."

Jim Willie: Gritty Questions on the Historic Collapse

By Jim Willie: The typical articles over the last many years have featured a particular theme. In the last few months, the central theme in Jackass articles has been the isolation and demise of the USDollar, how it is happening, why it must happen, and its importance in the restoration of the global financial structure. But this week, a sudden urge has come to address an overwhelming list of critical gritty questions. They crop up with clients, colleagues, and friends.
More than a crisis, it is more accurately described as a collapse of a corrupt inequitable monetary system, and a desperate defense by the major Western bankers to preserve their power over nations and their governments, alongside a vile vicious violent attempt by the United States to maintain its privilege as owner of the vast USDollar counterfeit machinery, as controller of vast banking pillars of paper columns, and as commander of a vast military.

The current monetary system has a debt foundation, which is collapsing in lockstep with the rapid breakdown in the sovereign bond market. The last four years have seen a long drawn-out unstoppable process, where the collapse cannot be avoided and must happen. The pathogenesis is obvious to those in the Sound Money camp. The blossom of corruption and complete banker criminal immunity has only hastened the urgent need for the collapse.

Will Italy Be The Spark That Sets Off Financial Armageddon In Europe?

By Michael: Is the financial collapse of Italy going to be the final blow that breaks the back of Europe financially?  Most people don't realize this, but Italy is actually the third largest debtor in the entire world after the United States and Japan.  Italy currently has a debt to GDP ratio of more than 120 percent, and Italy has a bigger national debt than anyone else in Europe does.  That is why it is such a big deal that Italian voters have just overwhelmingly rejected austerity.  The political parties led by anti-austerity candidates Silvio Berlusconi and Beppe Grillo did far better than anticipated.  When you combine their totals, they got more than 50 percent of the vote.  Italian voters have seen what austerity has done to Greece and Spain and they want no part of it.  Unfortunately for Italian voters, it has been the promise of austerity that has kept the Italian financial system stable in recent months.  Now that Italian voters have clearly rejected austerity, investors are fearing that austerity programs all over Europe may start falling apart.  This is creating quite a bit of panic in European financial markets right now.  On Tuesday, Italian stocks had their worst day in 10 months, Italian bond yields rose by the most that we have seen in 19 months, and the stocks of the two largest banks in Italy both fell by more than 8 percent.  Italy is already experiencing its fourth recession since 2001, and unemployment has been steadily rising.  If Italy is now "ungovernable", as many are saying, then what does that mean for the future of Italy?  Will Italy be the spark that sets off financial armageddon in Europe?

America Is Becoming A Communist Country

AJ: "The youngest informant was 8 years old!" David Knight speaks with Virginia Prodan who lived under the President Chauchesku the Romanian Dictator. She warns of America on the same road to communism that Romania fell under.

Payday loan companies banned from campus as UK students turn to sex trade to pay off debts

ES: Payday loan companies have been banned from a London university amid fears that students are resorting to desperate measures to pay off debts. The University of East London’s chaplain today said some students have turned to prostitution after getting mired in debt. The university claims to be the first to outlaw the firms — which offer short-term, unsecured loans at crippling interest rates — anywhere on campus, including in magazines, on posters and online.
UEL said the ban had been imposed because more students were  using payday loans to tide themselves over between grants and student loans.
Rev Jude Drummond, the chaplain, said: “We see people at particular times of year in very distressed and emotional states. They’ve no idea where to go and people are leaving their studies because of financial difficulties.”
She added: “It leads to desperate measures. In this area we’ve got a lot of crime and social problems. There’s a lot of people on the streets who are there because of money worries. There’s evidence of people having to turn to sex work because they can’t makes ends meet.”

No Way Fed Will Stop Easing - James Rickards

KitcoNews: James G. Rickards, author of "Currency Wars: The Making of the Next Global Crisis" and renowned American lawyer, economist and investment banker, sat down w/ Kitco News' Daniela Cambone to discuss his work and the evolving "currency wars". Rickards expands on his sometimes controversial ideas, including the national security risk posed by clandestine gold purchases by China, hidden agendas of sovereign wealth funds, and more! Source

Jim Rogers on Stirling and UK Debt.

"I would not own Stirling or the Euro!"

East Africa tapping into geothermal and making money

liarpoliticians: In East Africa, nations such as Kenya are tapping into geothermal power generation as a way of getting cheaper power generation. They need investment of £20bn to roll it out to the entire country. The UK is pissing* £20bn+ on new nuclear weapons to make the Americans rich.

Italy’s Tea Party makes the breakthrough

By Richard Cottrell: The Italians have predictably come in for a right old drubbing from the global corporate media for their refusal to vote in the correct fashion in this week’s general election. They are mocked for flocking in droves to an outfit run by a comedian. Most people in Italy think all their politicians are comedians, not excluding the indestructible Silvio Berlusconi. So why the fuss about the mop-haired Beppe Grillo, who is incidentally a brilliant and biting political satirist and not some common or garden comedian by any means?
Italian politics have been frozen more or less solid for the past three decades. Now, for the first time an entirely new force has broken through the ramparts of complacency which surround the established political forces of the right and left – Italy’s Dems and Republicans. The names may change, but the policies and the personalities stay the same. Until now, that is.
Grillo’s home-made anti-party is the first new political force of genuine popular substance to appear in substantial strength anywhere in Europe, since the nativity of the Greens – beginning in Germany – 30 years ago. Some may dispute my use of the word ‘substance’ on the grounds that the political agenda of the Five Star Movement seems somewhat vague when it comes to dogma. I urge them to think again. A quarter of the electorate in Italy are actually saying something of genuine significance, which is likely to create a groundswell right around Europe.  And that is the reason why the increasingly nervous elites feel the ground shaking beneath their feet.

Media Moron Mockery - Max Keiser with Antal Fekete

Max Keiser and Stacy Herbert notice that the mainstream media mocks the jury in the UK dismissed for being too stupid to understand basic concepts of jury trial like 'guilt beyond a reasonable doubt;' when, in fact, the same media takes financial regulators seriously when they say they can find no evidence of financial crime. They spot Gary Gensler, Chairman of the Commodities Futures Trading Commission, on BBC News seemingly incapable of understanding that Libor rigging is 'fraud' and not merely a 'fiction' as he suggests. In the second half of the show, Max Keiser talks to renowned mathematician and monetary scientist, Professor Antal Fekete, about the gold basis - cash versus the nearest futures contract and why that the cash price for gold is never reported is by design. They also discuss gold repatriation from Germany as a trial balloon, to see how much demand there is for cash gold and how it is that permanent backwardation means internal bleeding in the monetary system. Source

Gold & Silver Ep1: Mike Maloney - Hidden Secrets of Money - Currency Vs Money

Why gold and silver: What is "Hidden Secrets of Money"? It is a completely free series that reveals the economic reality that has been hidden from you in plain sight. Discover the secrets that will allow you to unlock the greatest wealth transfer in history.We created this new free video series to allow viewers to turn today's economic crisis into opportunity by simply learning from history.