History Repeating

The Next Domino: Slovenia Government Bond Yields Spike

"The country, another relative newcomer to the euro, is struggling with its own banking problems. The IMF expects Slovenia will have to recapitalize its three largest banks this year, which could cost a billion euros. That will increase Slovenia's budget deficit, which is bad news because the country is already having trouble selling sovereign bonds on the open market in order to finance the government. So, the question is whether Slovenia will be the next EU member state to need a bailout. Slovenia's top central banker, Marjo Kranjec – who also sits on the ECB Governing Council – says it's not going to happen." Continue reading →

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The dangerous drift towards world war in Asia

"A former adviser to the People's Liberation Army (PLA) says a rising cadre of officers has slipped the leash and picked up attitudes all too like the Japan's firebrand officers in the 1930s, when they defied orders from Tokyo. He said these young bloods are on a 'collision course' with the US-dominated global system. As `black swans' go, an outright war between the two great powers of Asia would surely be dramatic, and it could not easily be contained since America is bound by treaties to defend Japan if it is attacked. This includes an attack on the Senkaku islands. One shudders to think what would happen if China and the US itself came to blows in any form." Continue reading →

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‘Mr. Yen’ cautions on Japan’s ‘unsafe’ debt trajectory

"'A debt ratio of 245pc of GDP is not really safe, and it is not happening because we are investing,' said Takehiko Nakao, Japan's 'Mr Yen' or vice finance minister in charge of the exchange rate. Mr Nakao said the scope for further fiscal stimulus is running out and the country must restore public finances to a sustainable path by the middle of the decade. The comments touch on an acutely sensitive topic. A number of global hedge funds and banks have begun "shorting" Japan's debt, the world's biggest at $23 trillion. They are mostly taking positions through the credit default swap (CDS) market, betting that Japan will be the next big crisis theme." Continue reading →

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How The News Media Betrayed Us On Iraq

"The tenth anniversary of the start of America’s illegal and aggressive war against Iraq should not pass without recalling that the mainstream news media eagerly participated in the Bush administration’s dishonest campaign for public support. Most news operations were little more than extensions of the White House Office of Communications. The media became shameful conduits for unsubstantiated and outright false information about Saddam Hussein’s alleged threat to the American people. Unfortunately, even as media figures now issue mea culpas about their shameful Iraq 'coverage,' they are engaged in precisely the same shoddy business with respect to Iran." Continue reading →

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Syrian Insurgent Provocations: Going For Endgame?

"After creating the chaos in Syria through his policy of arming and training the insurgents, President Obama said last week in the Middle East that he is 'very concerned about Syria becoming an enclave for extremism because extremists thrive in chaos, they thrive in failed states, they thrive in power vacuums.' The US created the very instability by empowering radicals that it now seeks to mitigate, first by the CIA fool's errand of supporting 'moderates,' when it is clear that only the radicals are capable of actually fighting. It would be interesting to see the criteria for determining who is eligible for CIA assistance. Beards are, after all, quite easy to shave..." Continue reading →

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Ron Paul on the ‘Korean Threat’

"Tthe US and South Korea held a three day naval exercise last month that included, among many other warships, an American nuclear-powered submarine. This month, the US and South Korea are conducting another joint military exercise, this time with the US flying nuclear-capable B-52 bombers over the Korean peninsula. Much of the current escalation came after the US drew up yet another set of sanctions for the UN Security Council to impose on North Korea. The North Korean government retaliated against the new sanctions with bellicose threats to launch a nuclear first strike against the US. The US response to the threats has been entirely predictable." Continue reading →

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CIA helping boost arms shipments to Syria rebels

"Arab nations and Turkey, helped by the CIA, have dramatically increased military aid to Syrian rebels in recent months, The New York Times reported Monday, citing air traffic data and interviews with unnamed officials and the rebel commanders. The airlift has grown to include more than 160 military cargo flights by Jordanian, Saudi and Qatari military-style cargo planes landing at Esenboga Airport near Ankara, and at other Turkish and Jordanian airports, the report said. US intelligence officers have helped the Arab governments shop for weapons and vetted rebel commanders and groups to determine who should receive the weapons as they arrive." Continue reading →

Continue ReadingCIA helping boost arms shipments to Syria rebels

CIA helping boost arms shipments to Syria rebels

"Arab nations and Turkey, helped by the CIA, have dramatically increased military aid to Syrian rebels in recent months, The New York Times reported Monday, citing air traffic data and interviews with unnamed officials and the rebel commanders. The airlift has grown to include more than 160 military cargo flights by Jordanian, Saudi and Qatari military-style cargo planes landing at Esenboga Airport near Ankara, and at other Turkish and Jordanian airports, the report said. US intelligence officers have helped the Arab governments shop for weapons and vetted rebel commanders and groups to determine who should receive the weapons as they arrive." Continue reading →

Continue ReadingCIA helping boost arms shipments to Syria rebels