This Is All That Greece Needs
Russian Peace Makers - Told to Send Iran a Little Message
Russian diplomats traveled to the U.S. to meet with Secretary of War Hillary Clinton. After a meeting her in New York on Monday, a Russian diplomat told newspaper Kommersant Daily about the message the Russians were asked to send to Iran.
On the record, Russian Deputy Foreign Minister Sergey Ryabkov felt that the “last chance” ultimatum surrounding inspectors returning to Iran is "unprofessional" adding, “a war will not solve any problems, but will create a million new ones.”
Russian diplomats agree that the rhetoric has changed from 'if' to 'when.'
“The invasion will happen before year’s end. The Israelis have put U.S. President Barack Obama in this interesting position–"either he supports the war or loses the support of the Jewish lobby,” according to the diplomat.
Archbishop of Canterbury Resigns
The archbishop of Canterbury, Dr Rowan Williams, is to resign and return to academia as master of Magdalene college, Cambridge.
Williams, 61, will leave at the end of December in time to start his new role next January.
His time in office has been marked by a slowly growing schism in the worldwide Anglican church, which he has failed to heal. Williams has been attacked by conservatives for his liberal views on homosexuality and by liberals for failing to live up to these principles.
But he has been respected on all sides for his gifts as a preacher of great eloquence and flashes of clarity.
Greece develops cashless, Euro-free currency in tight economy
A determination to ‘move beyond anger to creativity’ is driving a strong barter economy in some places
In recent weeks, Theodoros Mavridis has bought fresh eggs, tsipourou (the local brandy: beware), fruit, olives, olive oil, jam, and soap. He has also had some legal advice, and enjoyed the services of an accountant to help fill in his tax return.
None of it has cost him a euro, because he had previously done a spot of electrical work – repairing a TV, sorting out a dodgy light – for some of the 800-odd members of a fast-growing exchange network in the port town of Volos, midway between Athens and Thessaloniki.
In return for his expert labour, Mavridis received a number of Local Alternative Units (known as tems in Greek) in his online network account. In return for the eggs, olive oil, tax advice and the rest, he transferred tems into other people’s accounts.
“It’s an easier, more direct way of exchanging goods and services,” said Bernhardt Koppold, a German-born homeopathist and acupuncturist in Volos who is an active member of the network. “It’s also a way of showing practical solidarity – of building relationships.”
Dylan Grice Explains When To Sell Gold
Submitted by Tyler Durden: Following the latest temporary swoon in gold, the PM naysayers have once again crawled out of the woodwork, like a well tuned Swiss watch (made of 24K gold of course). Of course, they all crawl right back into their hole never to be heard of again until the next temporary drop and so on ad inf. Naturally, the latest incursion of "weak hand" gold longs is screaming bloody murder because the paper representation of the value of their hard, non-dilutable, physical gold is being slammed for one reason or another. Ironically, these same people tend to forget that the primary driver behind the value of gold is not for it to be replaced from paper into paper at some point in the future, but to provide the basis for a solid currency following the reset of a terminally unstable system, unstable precisely due to its reliance on infinitely dilutable currency, and as such any cheaper entry point is to be applauded. Yet it seems it is time for a refresh. Luckily, SocGen's Dylan Grice has coined just that with a brief explanation of "when to sell gold" which while having a modestly different view on the intrinsic value of gold, should provide some comfort to those for whom gold is not a speculative vehicle, but a true buy and hold investment for the future. And in this day and age of exponentially growing central bank balance sheets (chart), this should be everyone but the die hard CNBC fanatics. In brief: "Eventually, there will be a crisis of such magnitude that the political winds change direction, and become blustering gales forcing us onto the course of fiscal sustainability. Until it does, the temptation to inflate will remain, as will economists with spurious mathematical rationalisations as to why such inflation will make everything OK. Until it does, the outlook will remain favorable for gold. But eventually, majority opinion will accept the painful contractionary medicine because it will have to. That will be the time to sell gold."Terminated CBO Whistleblower Shares Her Full Story, Exposes Deep Conflicts At "Impartial" Budget Office
Earlier today, we suggested that in the aftermath of the Greg "Muppets" Smith NYT OpEd, contrary to assumptions by Jim Cramer, a bevy of potential whistleblowers would step up to tell their tale of fraud and corruption across all walks of life - from Wall Street to, far more importantly, Washington, consequences be damned. This was paralleled by an alleged JPM whisteblower describing to the CFTC the firm's supposedly illegal activities in the precious metals space, which while we initially dismissed, we now admit there may be more to the story (stay tuned), even though we still have our doubts. What we are 100% certain of, however, is that yet another whistleblower has stepped up, this time one already known to the general public, and one that Zero Hedge covered just over a month ago: we refer to the case of former CBO worker, Lan T. Pham, who, as the WSJ described in early February, "alleges she was terminated [by the CBO] after 2½ months for sharing pessimistic outlooks for the banking and housing sectors in 2010" and who "alleges supervisors stifled opinions that contradicted economic fixes endorsed by some on Wall Street, including research from a Morgan Stanley economist who served as a CBO adviser.Conflict deepened over control of water - Palestinian Prime Minister Salam Fayyad
Salam Fayyad speaks about water and the part it has played in the conflict with Israel.
He was attending the sixth World Water Forum in Marseille. There have been 21 armed disputes over water in recent history and 18 of them involved Israel.
Fukushima #4 Spent Fuel Pool, if it leaks it's "THE END" ! - MUST SEE
Israel added Uranium to orange juice
Melman has accused the plant's management of forcing its workers to take part in life-threatening experiments for the sake of nuclear developments.
They also claim the government and the military are involved in a cover-up of the tests.
It's taken a decade for them to speak out, but workers at Israel's nuclear reactor facility claim their managers gave them uranium to drink