24 Jun 2013

The Secret Sauce Of Iceland's Success Story: Debt Liquidation?

That Iceland is so far the only success story in the continent of Europe, which continues sliding into an ever deeper depressionary black hole, as a result of the complete destruction of its financial sector and its subsequent rise from the ashes, is by known to most. What is still not exactly clear is what conditions have allowed success and growth to flourish in a barren wasteland where 60% youth unemployment is increasingly the norm, and where economic "outperformance" is measured in shades of red. As it turns out, perhaps the biggest jolt to Icelandic economic growth is what we said was the correct prescription for resolving not only the US but global growth malaise that struck in 2008: debt liquidation.

Former US Treasury Official - Fed Orchestrated Gold Plunge

Nuclear war doesn't scare the markets?

Books mentioned: "One up on Wall Street" by Peter Lunch - "The Complete TurtleTrader" by Michael Covel

THE PAEDOFILE: Sanctimonious Judge in Jeremy Forrest case faces questions about his own past behaviour

lawsonThe more one delves into the trial of Jeremy Forrest, the odder it gets
The Judge who so unreservedly condemned teacher Jeremy Forrest’s behaviour last week has himself been the subject of controversy in the past. Judge Michael Lawson QC (left) seems, for one thing, to be in favour of slave labour. Rebecca Edmonds was doing a criminal law pupillage at his chambers in Essex Street London some years back. The problem was that, um, there didn’t seem to be any payment forthcoming from the altruistic scion of perverts. So Becky sued him, perhaps fearing that the next step might involve living up his chimney, so to speak. Law Lords Bingham, Pill and Hale ruled that ‘at the end of the long procedure leading up to pupillage, it would be surprising if there were no intention for a contract at all…..on balance, pupils do provide consideration by agreeing to enter into a close, important and potentially very productive relationship. The object of the National Minimum Wage Act 1998 was not, as we understand, to enlarge the categories of those entitled to be paid wages,  but to ensure that those entitled to be paid wages are not paid at anything less than a specified minimum level.”
Or put another way, “Pay up you tight-arsed bastard”.

Father’s Day 2013: The extremists for love - Why would a dad deface the Queen of England?

Matt O’Connor: Another year. Another Father’s Day.
  • Another year of children being forcibly separated from their fathers in secret courts.
  • Another year of fathers driven to suicide by the loss of their family and their barbaric treatment at the hands of our secret courts and the Child Support Agency.

Obama called "war criminal" & "hypocrite of the century" in Irish Parliament

Obama's War on Whistleblowers & Journalists

AJ: Alex breaks down the latest developments in the NSA surveillance case as the whistleblower Edward Snowden is officially charged with espionage for the national security state crime of revealing details on the NSA's systematic violation of the Constitution and the Bill of Rights as it surveils millions of Americans. Alex also covers revelations that the journalist Michael Hastings had stated hours before his death that he was going into hiding in response to government harassment and Obama's war on the press.

Tell Obama: Hands Off Snowden!‏

Let the political asylum process go forward.

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Glenn Greenwald DESTROYS David Gregory. With Newsmen Like You.....

Les Grossman: Guardian journalist Glenn Greenwald took Meet The Press host David Gregory head on in an interview, after Gregory asked if Greenwald would be criminally culpable for "aiding and abetting" NSA leaker Edward Snowden.

Can Cuban Assistance Prop Up Brazil - Brazilian Man

Morris: Brazil protests have spread to Paraguay as well (50,000+ yesterday). Brazilian President's speech not well received. Brazil likely to get nasty again this week. Source