new world order

Unwise Deepening of an Unnecessary Crisis

"It is difficult to avoid the conclusion we have made in past articles that much of what passes for solutions in the EU are actually being implemented to aggravate what is already injured. The idea perhaps is that a lingering crisis gives Brussels's Eurocrats the ability to further implement a 'deeper' political union. Are you an investor? Are you betting on the euro – or even the EU? In the era of the Internet, when people increasingly understand how the 'great game' is played, the deliberate (evolutionary) deepening of a crisis is perhaps unwise." Continue reading →

Continue ReadingUnwise Deepening of an Unnecessary Crisis

BRICS Nations Plan New Bank to Bypass World Bank, IMF

"The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund. The leaders of the so-called BRICS nations -- Brazil, Russia,India, China and South Africa -- are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises." Continue reading →

Continue ReadingBRICS Nations Plan New Bank to Bypass World Bank, IMF

Europe’s Bailout Rebound Lasts Three Hours. Reverses Despite Panicked EU Minister Tweet.

"The faceless bureaucrat who heads the faceless, unnamed EuroGroup admitted the truth: the rescue of Cyprus would serve as a model for the next round of bailouts. That sent a clear message: anyone with a lot of money deposited in a bank of Italy or Spain or Portugal is at risk. He may wind up like all those rich Russians who thought their money was safe in Cyprus. Down went bank shares. Down went the stock markets. Down went the euro. Wait! Wait! He then reversed himself again. He tweeted a message that Cyprus was a one-time event after all. Too late. The truth was out. The damage was done. The stock markets did not reverse again. Neither did the euro." Continue reading →

Continue ReadingEurope’s Bailout Rebound Lasts Three Hours. Reverses Despite Panicked EU Minister Tweet.

Saving Cyprus Means Nobody’s Bank Accounts Safe as Europe Breaks Taboo

"The island nation’s rescue sets precedents for the euro zone that may stick in the memory of depositors and bondholders alike as investors debate who will next fall victim to the debt crisis. Senior Cypriot bank bond holders will take losses and uninsured depositors will be largely wiped out. The message that stakeholders of all stripes can be coerced into helping a cash-strapped nation may make investors more skittish they’ll be targeted if Slovenia, Italy, Spain or even Greece again is next in line to need help. The risk is that bank runs and bond market selloffs become more likely the moment a country applies for a new rescue." Continue reading →

Continue ReadingSaving Cyprus Means Nobody’s Bank Accounts Safe as Europe Breaks Taboo

Nigel Farage: Major European Bank Runs Now Taking Place

"The Germans are going to have a vote on it in their Parliament, but the Cypriots are being told that they shouldn’t have a vote on it. If that’s not moving into a German dominated Europe, I don’t know what is. If you happen to be a financial officer for a company, it would be criminally negligent of you to now leave your money or a company’s money in a Spanish or an Italian bank. I think what they’ve done today is to spark a major run on those banks. I see that some of the banks stocks have fallen 6% this afternoon, and I think in their desperation to keep the eurozone propped-up, I really believe that long-term they have made an absolutely fatal error." Continue reading →

Continue ReadingNigel Farage: Major European Bank Runs Now Taking Place

Russians prepare to quit Cyprus; Northern European bankers descend

"There were the two Andorran bankers who called offering to open bank accounts for the Cyprus-based businessman in the Pyrenees, and then Mr Mikhin's Swiss bank, which announced it would be sending representatives to Limassol to poach Russian clients on Tuesday, the day Cyprus is due to reopen its banks for the first time in over a week. While last week saw dozens of well-heeled Russians and their representatives fly down to Cyprus to check on bank accounts and confer furiously with Cypriot officials, they are being closely followed by another wave of visitors: the European bankers who hope Cyprus' loss will be their gain." Continue reading →

Continue ReadingRussians prepare to quit Cyprus; Northern European bankers descend

Top EU official: Cyprus bank rescue new template

"Inflicting losses on banks' shareholders, bondholders and even large depositors should become the 17-country eurozone's default approach for dealing with ailing lenders, a top European official said Monday. Banks' owners and investors must be held responsible 'before looking at public money or any other instrument coming from the public side,' said Jeroen Dijsselbloem, who chairs the Eurogroup gatherings of the 17 eurozone finance ministers. The bailout program for Cyprus marks the first time in Europe's three-year-old debt crisis that large deposit holders — wealthy savers, business people or institutions — will be forced to take losses." Continue reading →

Continue ReadingTop EU official: Cyprus bank rescue new template

Cyprus bail-out leaves ‘bitter taste’ for residents

"Standing in front of a cash machine on a street corner in Nicosia, Andreas Christou could hardly contain his fury. 'My money is in there and they won’t let me take it out!' he said, a few moments after withdrawing a paltry €100 – the maximum allowable after a draconian new capital control measure was introduced on Sunday. The 52-year-old businessman holds an account with Laiki Bank, the hardest hit of Cyprus’s debt-laden lenders. It will now effectively be dissolved under the terms of a deal brokered between international creditors and Nicos Anastasiades, the president of Cyprus, during marathon talks in Brussels." Continue reading →

Continue ReadingCyprus bail-out leaves ‘bitter taste’ for residents

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 →

Continue ReadingRon Paul on the ‘Korean Threat’

Psychopathic Kyriarchy – Our Rulers Really Are Unempathic Predators

"Psychopaths are drawn to and uniquely capable within politics. They are charismatic, show no remorse, crave power and rise to the top. Leading psychologists have built the literature on the corporate form, but statist psychopathy bears investigation. It requires a certain mindset to want to rule others. This person believes they are qualified to and morally justified in making life-changing decisions for millions at the point of a gun (state law). Desire to rule is one thing, but the qualities that enable one to rise in the political hierarchy are perhaps rarer and more pernicious. Psychopaths are manipulative, charming, narcissistic and excellent liars." Continue reading →

Continue ReadingPsychopathic Kyriarchy – Our Rulers Really Are Unempathic Predators