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California is a greater risk than Greece, warns JP Morgan chief

Posted by seumasach on February 28, 2010

Telegraph

26th February, 2010

Mr Dimon told investors at the Wall Street bank’s annual meeting that “there could be contagion” if a state the size of California, the biggest of the United States, had problems making debt repayments. “Greece itself would not be an issue for this company, nor would any other country,” said Mr Dimon. “We don’t really foresee the European Union coming apart.” The senior banker said that JP Morgan Chase and other US rivals are largely immune from the European debt crisis, as the risks have largely been hedged.

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No more Iceland brinkmanship

Posted by seumasach on February 27, 2010

Click here to read the FTs terse demolition of the UK/Dutch attempt to bully Iceland over Icesave

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Gates Calls European Mood a Danger to Peace

Posted by seumasach on February 24, 2010

Tension within the western alliance between the anglosphere and europe is becoming a dominant theme of 2010. We have an ongoing campaign to destabilise the Euro to the benefit of the dollar and ever greater attempts to wip the europeans into backing wars against the rest of the world. The unintended consequence of Anglo-American bullying may be to finally arouse Europe from its prolonged slumber and to assert itself as an independent force in the world.

NYT

23rd February, 2010

Defense Secretary Robert M. Gates, who has long called European contributions to NATO inadequate, said Tuesday that public and political opposition to the military had grown so great in Europe that it was directly affecting operations in Afghanistan and impeding the alliance’s broader security goals.

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CrossTalk: Greek Euro Disease – William Engdahl takes on allcomers

Posted by seumasach on February 22, 2010

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Goldman Goes Rogue – Special European Audit To Follow

Posted by seumasach on February 17, 2010

Where was the European Central Bank while all of this was happening? Has the ECB become dangerously enraptured with the new Wall Street and its “techniques”?

Simon Johnson

Baseline Scenario

14th Febraury, 2010

At 9:30pm on Sunday, September 21, 2008, Goldman Sachs was saved from imminent collapse by the announcement that the Federal Reserve would allow it to become a bank holding company – implying unfettered access to borrowing from the Fed and other forms of implicit government support, all of which subsequently proved most beneficial. Officials allowed Goldman to make such an unprecedented conversion in the name of global financial stability. (The blow-by-blow account is in Andrew Ross Sorkin’s Too Big To Fail; this is confirmed in all substantial detail by Hank Paulson’s memoir.)
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Europe’s Five “Undeclared Nuclear Weapons States” Are Turkey, Germany, Belgium, The Netherlands and Italy Nuclear Powers?

Posted by seumasach on February 17, 2010

Michel Chossudovsky

Global Research

17th February, 2010

According to a recent report, former NATO Secretary-General George Robertson confirmed that Turkey possesses 40-90 “Made in America” nuclear weapons at the Incirlik military base.(en.trend.az/)

Does this mean that Turkey is a nuclear power?

“Far from making Europe safer, and far from producing a less nuclear dependent Europe, [the policy] may well end up bringing more nuclear weapons into the European continent, and frustrating some of the attempts that are being made to get multilateral nuclear disarmament,” (Former NATO Secretary-General George Robertson quoted in Global Security, February 10, 2010)

“‘Is Italy capable of delivering a thermonuclear strike?…

Could the Belgians and the Dutch drop hydrogen bombs on enemy targets?…

Germany’s air force couldn’t possibly be training to deliver bombs 13 times more powerful than the one that destroyed Hiroshima, could it?…

Nuclear bombs are stored on air-force bases in Italy, Belgium, Germany and the Netherlands — and planes from each of those countries are capable of delivering them.” (“What to Do About Europe’s Secret Nukes.” Time Magazine, December 2, 2009)

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William Engdahl: Wall Street in death agony as World’s financial fulcrum

Posted by seumasach on February 16, 2010

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Second half of 2010: Sudden intensification of the global systemic crisis – Strengthening of five fundamental negative trends

Posted by seumasach on February 16, 2010

16th February, 2010
LEAP/E2020 is of the view that the effect of States’ spending trillions to « counteract the crisis » will have fizzled out. These vast sums had the effect of slowing down the development of the systemic global crisis for several months but, as anticipated in previous GEAB reports, this strategy will only have ultimately served to clearly drag States into the crisis caused by the financial institutions.

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Mistral et Lafayette pour les Russes, Sukhoi et Mikoyan pour les Français

Posted by seumasach on February 14, 2010

Bookofezekiel3’s Blog

C’est bien cette échange d’équipement avec les Russes. Les Français devront acheter des Su-35 et des Mig-35, et laisser les Russes acheter des Mistral et des La Fayette.

La France et les autres pays d’Europe devront être autant ami avec les Russes qu’avec les Americain. C’est le temps de finalement sortir des ombres de l’empire, on ne veut pas devenir le Vichy des Americains, comme Tony Blair en Bretagne, ou le Mexique.

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Why the EU had to bail out Greece

Posted by seumasach on February 11, 2010

“it would not be surprising if those global hedge funds and other speculators who have wagered heavily that they could force Greece out of the euro now get their fingers badly burned.”

“Meanwhile, where will the next currency explosion occur? Might it conceivably be here in Britain where the scale of budget deficits could threaten an eventual credit re-rating and lead to massive currency speculation against sterling? If so who will then show solidarity in coming to the aid of sterling? Being outside the euro might yet prove a very cold and vulnerable spot to be in.”

John Palmer

Guardian

11th February, 2010

Are we witnessing the first, nervous steps by the euro currency countries to move to a European “economic government”?

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PM: ‘concerted attack’ against the euro

Posted by seumasach on February 10, 2010

ana-mpa.gr

9th February, 2010

Greek Prime Minister George Papandreou has warned that a “concerted attack” was underway against the euro, with Spain and Portugal now being targeted, after Greece.

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