Posts Tagged ‘European Union’

Findings & Forecasts 04/10/2013…

Posted on 2013 05, 03 by rockingjude
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Findings & Forecasts 04/10/2013

Economy

In his classic book Nine­teen Eighty-Four, George Orwell invented and per­fected the psy­cho­log­ical notion of “dou­ble­think.” That is, simul­ta­ne­ously believing two con­tra­dic­tory ideas or opin­ions. Orwell’s Min­istry of Truth building dis­played slo­gans like “War is Peace,” “Freedom is Slavery,” and “Igno­rance is Strength.”

“The power of holding two con­tra­dic­tory beliefs in one’s mind simul­ta­ne­ously, and accepting both of them… To tell delib­erate lies while gen­uinely believing in them, to forget any fact that has become incon­ve­nient, and then, when it becomes nec­es­sary again, to draw it back from oblivion for just as long as it is needed, to deny the exis­tence of objec­tive reality and all the while to take account of the reality which one denies – all this is indis­pens­ably nec­es­sary. Even in using the word dou­ble­think it is nec­es­sary to exer­cise dou­ble­think. For by using the word one admits that one is tam­pering with reality; by a fresh act of dou­ble­think one erases this knowl­edge; and so on indef­i­nitely, with the lie always one leap ahead of the truth.” (Orwell, George 1949. Nine­teen Eighty-Four;  p 32)

In America today, dou­ble­think is prac­ticed with fine pre­ci­sion at the national level. People who give up and drop out of the work force  become “unper­sons” and are not heard of or from again; but according to the gov­ern­ment, “the economy is fine and unem­ploy­ment is falling.” Con­tinued global mil­i­tary action is con­ducted in the name of “peace.” The onslaught of never-ending cit­izen sur­veil­lance is for our “safety and secu­rity.” Thought police mon­itor inten­tions, resulting in the destruc­tion of rep­u­ta­tions and liveli­hoods. The “Min­istry of Pro­pa­ganda” is never wrong and cit­i­zens are never right.

Orwell, H.G. Wells (Things to Come) and Aldous Huxley (Brave New World) all penned their respec­tive future­casts while looking straight into the face of the Amer­ican Tech­noc­racy move­ment. The move­ment as a move­ment failed soon after it started, but only because the tech­nology did not exist yet that could enforce and sus­tain their utopian dreams. Those dreamers – and their dreams – con­tinue to live on from gen­er­a­tion to gen­er­a­tion, encour­aged by gar­gan­tuan advances in technology.

The Countdown To The Break Up Of The Euro Has Officially Begun…

Posted on 2012 05, 09 by rockingjude

Courtesy of Michael Snyder of Economic Collapse

 

The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing.  All over Europe, prominent politicians and incumbent political parties are being voted out.  In fact, Nicolas Sarkozy has become the 11th leader of a European nation to be defeated in an election since 2008.  We have seen governments fall in the Netherlands, the UK, Spain, Ireland, Italy, Portugal and Greece.  Whenever they get a chance, the citizens of Europe are using the ballot box to send a message that they do not like what is going on.  It turns out that austerity is extremely unpopular.  But if newly elected politicians all over Europe begin rejecting austerity, this puts Germany in a very difficult position.  Should Germany be expected to indefinitely bail out all of the members of the eurozone that choose to live way beyond their means?  If Germany pulled out of the euro tomorrow, the euro would absolutely collapse, bond yields for the rest of the eurozone would skyrocket to unprecedented heights, and without German bailout money troubled nations such as Greece would be headed directly for default.  The rest of the eurozone is absolutely and completely dependent on Germany at this point.  But as we have seen, much of the rest of the eurozone is sick and tired of taking orders from Germany and is rejecting austerity.  A lot of politicians in Europe apparently believe that they should be able to run up gigantic amounts of debt indefinitely and that the Germans should be expected to always be there to bail them out whenever they need it.  Will the Germans be willing to tolerate such a situation, or will they simply pick up their ball and go home at some point?

Over the past several years, German Chancellor Angela Merkel and French President Nicolas Sarkozy have made a formidable team.  They worked together to push the eurozone on to the path of austerity, but now Sarkozy is out.

Economic Alert: If You’re Not Worried Yet…You Should Be…

Posted on 2012 05, 09 by rockingjude

This article has been generously contributed by Brandon Smith of Alt Market.

 

For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system.  Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P.  I do not take the word “alert” lightly.  Since 2008 we have seen a cycle of events that have severely weakened our country’s foundation, but each event has then been followed by a lull, sometimes 4 to 6 months at a stretch, which seems to disarm the public, drawing them back into apathy and complacency.  The calm moments before each passing storm give Americans a false sense of hope that our capsized fiscal vessel will somehow right itself if we just hold on a little longer…

I don’t have to tell most people within the Liberty Movement that this is not going to happen.  Unfortunately, there are many out there who do not share our awareness of the situation.   Debt implosions and currency devaluation NEVER simply “fade away”; they are always followed by extreme social and political strife that tends to sully the doorsteps of almost every individual and family.  The notion that we can coast through such a tempest unscathed is an insane idea, filled with a dangerous potential for sour regrets. 

Eurocrats’ secret plan to abolish EU States under way…

Posted on 2012 05, 04 by rockingjude

Friday, 04 May 2012
Senior Eurocrats are secretly plotting to create a super-powerful EU president to realise their dream of abolishing ­Britain and other nation states, UK media has revealed.

A covert group of EU foreign ministers has drawn up plans for merging the jobs currently done by Herman Van Rompuy, president of the European Council, and Jose Manuel Barroso, president of the European Commission.

The new bureaucrat, who would not be directly elected by voters, is set to get sweeping control over the entire EU and force member countries into ever-greater political and economic union. Tellingly, the UK has been excluded from the confidential discussions within the shady “Berlin Group” of Europhile politicians, spearheaded by German foreign minister Guido Westerwelle.

Opponents fear the plan could create a modern-day equivalent of the European emperor envisaged by Napoleon Bonaparte or a return to the Holy Roman Empire of Charlemagne that dominated Europe in the Dark Ages. They are concerned that David Cameron’s coalition Government is doing nothing to prevent the sinister plot. The secret talks were uncovered by Independent Labour peer Lord Stoddart of Swindon.
“This is a plot by people who want to abolish nation states and create a United States of Europe,” he said. “The whole thing is barmy. These people are determined to achieve their final objective.

“The only hope for Britain is to leave the EU and become an independent nation.”

Putin looks to reprise his familiar role on world stage…

Posted on 2012 04, 04 by rockingjude
April 3, 2012
Yevgeny Shestakov
Upholding the rule of international law and defending Russia’s interests are as crucial to Vladimir Putin’s foreign policy today as they were 12 years ago. 

Whatever the opponents of Vladimir Putin say about him, he is definitely a pragmatic and predictable leader. Unlike his rivals who sit on the side of revolutionary romanticism, Mr Putin knew exactly where he would lead his country in the world. “Even before the elections, he drew the red lines in foreign policy that Russia would never cross,” says Alexander Rahr, director of the Berthold Beitz Centre at the German Council on Foreign Relations.

“The president’s proposed foreign policy strategy 
for Russia in the third 
millennium consists of defending our national interests, rather than pandering to the interests of other countries,” explains Mikhail Margelov, chairman of the Federation Council’s Committee on Foreign Affairs.

The Foreign Policy Concept of the Russian Federation, adopted 12 years ago during Mr Putin’s first presidential term, identified four main national priorities. First was strengthening international security based on the creation of a pan-European security and co-operation system. Second was forming a new world order in which the partnership between the world’s major powers is based exclusively on equality and mutual respect. Third, the Russian Foreign Ministry was tasked with creating favourable conditions for Russia in terms of international economic relations. Fourth, Russia would seek respect for human rights at the international level. None of these items has lost any relevance today.

EUROZONE SCAM!…The stripping of Democracy…sound familiar?

Posted on 2012 03, 15 by rockingjude

The Euro-zone in its current form is in its final chapter. Anyone who argues otherwise is not paying attention.
Consider the Greek situation. Greece’s debt problems first made mainstream media headline news at the beginning of 2009. The IMF/ EU/ ECB/ and Federal Reserve have been working on this situation for two years now. And they’ve yet to solve anything: after two bailouts, significant debt write-downs, and numerous austerity measures, Greece remains bankrupt.
Now, if the Powers That Be cannot solve Greece’s problems… what makes anyone think that they can address larger, more dangerous issues such as Spain or Italy, etc?
Consider that the world’s central banks staged a coordinated intervention…and Italy’s 10 year is back yielding more than 7% less than two months later.
Again, a coordinated intervention by the world’s central banks bought less than few months’ time for Italy…

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Middle Eastern news… et all…

Posted on 2012 02, 05 by rockingjude

 

Iran has 3 Russian-built Kilo class submarines...

Image via Wikipedia

Iran OKs $5b in foreign investment plans, attracts $2b, despite sanctions:
Iran’s deputy minister of economy says the Islamic Republic has approved $5 billion worth of foreign investment plans in the recent 10 months, of…
Previously, Iranian Minister of Economic Affairs and Finance Shamseddin Hosseini assured foreign investors of the safety of their investment in the Islamic Republic.

Iran will certainly cut crude exports to some EU nations
TEHRAN – Iran will certainly stop exporting crude oil to some European Union countries in response to the recent oil embargo on the country, Oil Mini…

No restriction on trade with Iran: India
Few days after Union Finance Minister Pranab Mukherjee said India will not scale down its petroleum imports from Iran despite U.S. and European sanct…

Iranian companies look to invest in Basra’s agriculture
BASRA: The Chairman of southern Iraq’s Basra Investment Commission, Khalaf al-Badran, has announced that a group of the Iranian Companies wish to…

Currency Warfare: What are the Real Targets of the E.U. Oil Embargo against Iran?…

Posted on 2012 02, 05 by rockingjude

 

By Mahdi Darius Nazemroaya

Against whom is the European Union’s so-called “oil embargo on Iran” really aimed at?

This is an important geo-strategic question. Aside from rejecting the new E.U. measures against Iran as counter-productive, Tehran has warned the member states of the European Union that the E.U. oil embargo against Iran will hurt them and their economies far more than Iran.

Tehran has thus warned the leaders of the E.U. countries that the new sanctions are foolish and against their national and bloc interests. But is this correct? At the end of the day, who will benefit from the chain of events that are being set into motion?

Are Oil Embargos against Iran New?

Oil embargos against Iran are not new. In 1951, the Iranian government of Prime Minister Mohammed Mossadegh with the support of the Iranian Parliament nationalized the Iranian oil industry. As a result of Dr. Mossadegh’s nationalization program, the British militarily blockaded the territorial waters and national ports of Iran with the British Royal Navy and prevented Iran from exporting its oil. They also militarily prevented Iranian trade. London also froze Iranian assets and started a campaign to isolate Iran with sanctions. The government of Dr. Mossadegh was democratic and could not be vilified easily domestically by the British, so they began to portray Mossadegh as a pawn of the Soviet Union who would turn Iran into a communist country together with his Marxist political allies.

Iran says to stop some oil sales, inspectors visit…

Posted on 2012 01, 29 by rockingjude

TEHRAN | Sun Jan 29, 2012 2:22pm EST
(Reuters) – Iran sent conflicting signals in a dispute with the West over its nuclear ambitions on Sunday, vowing to stop oil exports soon to “some” countries but postponing a parliamentary debate on a proposed halt to such sales to the European Union.
The Islamic Republic declared itself optimistic about a visit by U.N. nuclear experts that began on Sunday but also warned the inspectors to be “professional” or see Tehran reducing cooperation with the world body on atomic matters.

The International Atomic Energy Agency (IAEA) inspection delegation will seek to advance efforts to resolve a row about nuclear work which Iran says is for making electricity but the West suspects is aimed at seeking a nuclear weapon.

Tensions with the West rose this month when Washington and the European Union (EU) imposed the toughest sanctions yet in a drive to force Tehran to provide more information on its nuclear program. The measures take direct aim at the ability of OPEC’s second biggest oil exporter to sell its crude.

In a remark suggesting Iran would fight sanctions with sanctions, Iran’s oil minister said the Islamic state would soon stop exporting crude to “some” countries.

Rostam Qasemi did not identify the countries but was speaking less than a week after the EU’s 27 member states agreed to stop importing crude from Iran from July 1.

“Soon we will cut exporting oil to some countries,” the state news agency IRNA quoted Qasemi as saying.

Movie-goers Can now order popcorn from their seats…The age of plastic…

Posted on 2012 01, 25 by rockingjude
MasterCard

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EU DATA PROTECTION OVERHAUL TO IMPOSE NEW BURDENS ON BANKS
Financial services firms and credit card processors will be obliged to report incidents of lost or stolen data within 24 hours of a breach, according to new EU rules set to be introduced Wednesday.
Full story: http://www.finextra.com/news/fullstory.aspx?newsitemid=23347

EUROPEAN EXCHANGES AND VENDORS DEVELOP POST-TRADE STANDARDS
A consortium of exchanges and technology suppliers have developed a set of common standards designed to restore post-trade transparency in the European equity markets.
Full story: http://www.finextra.com/news/fullstory.aspx?newsitemid=23348

COMMERZBANK AND CAPCO BID TO MODEL IT COMPLEXITY
Commerzbank has embarked on a project with consultancy Capco to develop an ‘IT complexity model’ that can be used by CIOs to measure and then master their organisation’s technology.
Full story: http://www.finextra.com/news/fullstory.aspx?newsitemid=23346

MASTERCARD MOBILE APP LETS AUSSIE MOVIE-GOERS ORDER FOOD FROM THEIR SEAT
MasterCard has teamed up with Commonwealth Bank and cinema group Hoyts to pilot a mobile payments application that lets movie-goers order food and drinks directly from their seats.
Full story: http://www.finextra.com/news/fullstory.aspx?newsitemid=23345


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