8 May 2013

Brussels' power grab will break up eurozone - Saxo Bank

The eurozone's financial sector will “drown” in “self-defeating” regulation, which will eventually "destroy" the healthy banks, as the single-currency bloc breaks apart, says the boss of Denmark’s Saxo Bank.
Lars Seier Christensen, chief executive of Saxo Bank, said he expected more surprises in the eurozone minefield, which were assured, he added, after the unexpected bail-in of depositors in Cyprus.
By Lars Seier Christensen, chief executive of Saxo Bank, said it was clear that the eurozone would eventually break up as Brussels claimed even more power and used it “ever more poorly”.
The break-up of the 17-nation bloc could take shape in several forms, Mr Christensen said, including the weaker countries leaving, which he believes could be done for cheaper than the current and future bailouts.
Another option could be the evolution of a multi euro-currency zone, where countries with similar economic conditions grouped together, he suggested.
Perhaps the less likely, but still possible, would be that Germany leaves the single currency. The bank boss argued that as the bills begin to pile up for the eurozone's largest economy, this option would seem an attractive solution to the country’s citizens.

World disgusted at Gitmo atrocities

Press TV has conducted an interview with Andy Worthington of the Close Guantanamo Campaign, London about public protests that have arisen as a result of publicized hunger strikes by 130 inmates at Guantanamo Bay prison now entering its fourth month. Source

The Next Big Thing: The Fear Of Climate Change

By Wolf Richter: The last big thing was green tech – from wave-power generators to the smart grid. It was hyped in the bipartisan stimulus bill, promising gobs of jobs, billions in revenues, and untold riches through the eventual market capitalization of these outfits. Private investors plowed in billions too. It ended up in a massive pileup of capital destruction. Fatalities were everywhere.
One was Solyndra that – after devouring close to $1 billion, including $385 million from the Federal Government and $25 million from nearly bankrupt California – declared bankruptcy in 2011. There were scores of other boondoggles. Some were startups. Others were projects run by mega-corporations like GE and Siemens. But the euphoria has since hissed out of the construct. Private investors and taxpayers alike grabbed what they could and fled. And not just in the US.

"the Queens Speech special" BBC Sucks O Cocks News + Queen's Gift Of Disappointment To Brits

The artist taxi driver
"You can't make that shit up!"

The Economic Crisis, Then and Now - Hippie News

SchoonWorks: In fascism, banksters loan money that doesn't exist. Only after the collapse will people be free of debt. Source

World Bank a security risk to the world order?

By Lars Schall: Former senior legal counsel at the World Bank turned whistleblower Karen Hudes talks about the corruption inside the World Bank and her personal saga to find out about it. She says a worldwide currency war is certain and NATO in jeopardy, if the wrongdoing isn’t finally addressed.  
Lars Schall: Dr. Hudes, let’s talk about the World Bank, which is often described as a “Bretton Woods organization,” since it was officially founded at the famous international conference in Bretton Woods, New Hampshire in 1944. However, the plan to establish this bank (and the International Monetary Fund) originated years before with the highly secretive “War and Peace Studies” that were conducted by the Council on Foreign Relations and the US State Department, while the money for the study came from the Rockefeller Foundation. (1) Given this background of being part of the “Grand Area” design and strategy for the post-war world order, isn’t the World Bank really a tool to exercise American hegemony?
Karen Hudes: I take issue with one part of that question – when you say, “American hegemony.” If you unbundle the political structure inside the United States, it’s not what you see is what you get.

REFERENDUM ON EUROPE: EU hits iceberg while being torpedoed, Cameron says we mustn’t let Nick Clegg down

The Slog: One of the more amusing things about European politics in the contemporary era is that, as so little action with any point to it is taken about anything, political leaders are forced into ridiculous situations that defy explanation….and the media are then left with the unenviable task of trying to make it all look interesting, sensible, or even a matter of great import. Thus, because David Cameron cannot decide on anything to do with the EU (being flapped at by one wing if he says no, and fluttered around by the other if he says yes) he finally got to the stage last year of saying oh alright then we will have a referendum if I’m still in power after the next election….but not before 2017.

Professor Griff on Fire "Don't believe the hype!" - World Unites Against the NWO

AJ: Groundbreaking interview with rap artist Professor Griff of Public Enemy.
 "Wake up sheeple!"
Professor Griff lists Obama's lies, describes why hip hop stars are in the White House and breaks down some of the world's deadliest corporations.

US Air Force brochure on sexual assault advises victims to submit rather than resist attackers

By Madison Ruppert: The US Air Force – and the military in general – has a massive problem with sexual assault and they apparently think one of the solutions is telling potential victims to submit rather than resist their attackers.

In a brochure issued to personnel at Shaw Air Force Base in South Carolina obtained by Danger Room, potential victims are told, “It may be advisable to submit [rather] than to resist,” if they are attacked.
This comes just a day after it was reported that Jeffrey Krusinski, the Air Force’s now former chief of the Sexual Assault Prevention and Response Program, was arrested for sexual assault.
The brochure contains several “risk reduction” recommendations and Sgt. Alexandria Mosness, a public affairs officer at Shaw, said that she thinks the brochure is current.

Syria able to face apartheid Israel regime: Bashar Assad

Generation J(obless): A Quarter Of The Planet's Youth Is Neither Working Nor Studying

We recently discussed the 'dead-weight' problem of youth unemployment in developed economies. The Economist estimates that the world's population of NEETs (not in employment, education, or training) is a stunning 290 million - or around one-quarter of the world's youth. Sadly, many of the 'employed' young have only informal and intermittent jobs. In rich countries more than a third, on average, are on temporary contracts which make it hard to gain skills. Young people have long had a raw deal in the labour market. Why is this so important? A number of studies have found that people who begin their careers without work are likely to have lower wages and greater odds of future joblessness than those who don’t. A wage penalty of up to 20%, lasting for around 20 years, is common. The scarring seems to worsen fast with the length of joblessness and is handed down to the next generation, too - leading to a vicious cycle that weighs on growth dramatically. With a stunning 71% now expecting to work in their 'retirement' in the US, it would seem the opportunity for the jobs and wealth transfer to the younger generation is being blocked by a generation hamstrung by an increasingly repressive Federal Reserve.

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