Saturday, November 6, 2010

Lord Stirling's News Blog EUROPE

Holy Shroud of Turin
Powerful prayer to St. Michael the Archangel - video ~ link

Lord Stirling's news blog EUROPE



Please forward this site to several friends, thanks. Stirling

1,063 daily postings to this news blog as of today.

Global Changes from the Dying Gulf Stream and already dead North Atlantic Current
LIFE ON THIS EARTH JUST CHANGED - Death of the North Atlantic Current ~ link ~ The coverage that this article that Dr. Deagle and myself wrote, has been great on the Internet. However, the corporate owned Mainstream News Media have embargoed the story. Please forward the story to as many sites and people as you can, and to your local newspaper UPDATED 5 October 2010 - Thanks


Current status of the Gulf Stream ~ link 

RTOFS (Atlantic) Graphic Nowcasts/Forecasts - Latest Surface Horizontal Current ~ link ~ This shows North Brazil Current beginning to loop back into itself.  Possible death of entire Thermohaline Circulation System. Updated to latest setting.


RTOFS (Atlantic) Graphic Nowcasts/Forecasts - Latest Surface Temperature ~ link 

Three Video Interviews With Lord Stirling by Renowned Video Webcaster Morris Herman of England ~    link ~    link ~     link 


Video on the Gulf Stream and its connection to any future Ice Ages ~     link

Risk of Global Climate Change By BP Oil Spill by Dr. Gianluigi Zangari ~    link

Someone or something is still messing with my news blog.  Friday's entire posting was deleted, but not by me!  I am not sure who/what is going on.  I apologize to my readers.  Stirling   

Bank Holiday Rumors Swirl Amidst Currency Crisis ~ link ~ I doubt that this will happen so quickly. Stirling  
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With the world on the verge of a currency war as the Federal Reserve follows through on its dollar-killing quantitative easing program, rumors are once again swirling of a “bank holiday,” during which US citizens will be prevented from withdrawing money or at least limited in the amount of the withdrawal they can make.

The bank holiday is rumored to be set for next week, with Tuesday November 11 pinpointed as the likeliest date.


ForeclosureGate Could Force Bank Nationalization ~ link ~ link ~
 
The logic of that sort of reform was addressed by Willem Buiter, chief economist of Citigroup and formerly a member of the Bank of England’s Monetary Policy Committee, in The Financial Times following the bailout of AIG in September 2008.  He wrote:
If financial behemoths like AIG are too large and/or too interconnected to fail but not too smart to get themselves into situations where they need to be bailed out, then what is the case for letting private firms engage in such kinds of activities in the first place?
Is the reality of the modern, transactions-oriented model of financial capitalism indeed that large private firms make enormous private profits when the going is good and get bailed out and taken into temporary public ownership when the going gets bad, with the tax payer taking the risk and the losses?

If so, then why not keep these activities in permanent public ownership? There is a long-standing argument that there is no real case for private ownership of deposit-taking banking institutions, because these cannot exist safely without a deposit guarantee and/or lender of last resort facilities, that are ultimately underwritten by the taxpayer.
Even where private deposit insurance exists, this is only sufficient to handle bank runs on a subset of the banks in the system. Private banks collectively cannot self-insure against a generalised run on the banks. Once the state underwrites the deposits or makes alternative funding available as lender of last resort, deposit-based banking is a license to print money.  [Emphasis added.]

Nearly all money today is created as bank credit or debt.  (That includes the money created by the Federal Reserve, a bank, and lent to the federal government when it buys federal securities.)  Credit or debt is simply a legal agreements to pay in the future.  Legal agreements are properly overseen by the judiciary, a branch of government.  Perhaps it is time to make banking a fourth branch of government.  

That probably won’t happen any time soon, but in the meantime we can try a few experiments in public banking, beginning with the Bank of America, predicted to be the first of the behemoths to be put into receivership.
 

The Biggest Threat to America: It's bankruptcy ~ link Our economic terror alert, if such a thing existed, ought to be at the brightest red, because what we’re facing is the biggest threat to our national security ever: I’m talking about the spiraling national debt, and the ongoing destruction of the dollar. 
People realize this, albeit in an indirect way: that’s what all this “tea party” noise is about, although the tea partiers themselves, for the most part, don’t realize the enormity and immediacy of the threat. Somewhere in the background, just below the level of consciousness, a time-bomb is tick-ticking away. Some people hear it, in various degrees of loudness, while others are deaf to this ominous sound.  

The day after the election, the Federal Reserve made a little-noticed announcement that it’s printing up another $1 trillion. Go here for a fuller explanation of how and why it happened, and what it means. Suffice to say here that what goes up must come down: a bubble, inflated, must eventually pop. That’s simple enough, but let’s take it one step further: the hubris that inspires the Fed to print up more play money, which will drive up inflation, increase the cost of imports (i.e. everything), and make goods more expensive for average Americans is in the same league as that which inspired George W. Bush and his minions to declare a “war on terrorism,” invade the Middle East, and imagine they would prevail.  

ForeClosureGate and The Economic Crisis, Spiralling Gold and Silver Prices ~ link
 
Foreclosuregate will soon again dominate the financial news along with the three class action lawsuits – one is a RICO suit, entered against JPMorgan Chase and HSBC for rigging the silver markets.

Irrespective of what Wall Street tells you, but in Foreclosuregate we are taking about 2 trillion in securitizations, plus $500 billion in second mortgages. These bonds were all rated AAA by S&P, Moody’s and Fitch, but were in fact BBB. We have written over and over again questioning why the buyers were stupid enough to be buyers, or why no civil suits or criminal actions were filed for three years. our synopsis tells us the buyers, particularly the Europeans, who purchased 60% of this toxic paper, were either collectively grossly incompetent, or they had the bonds secretly guaranteed by the Fed. Hundreds of lawyers cannot be that stupid, so we believe the latter. The losses for lenders will be somewhere north of $500 billion. This kind of payout will take down Bank of America, JPMorgan Chase, Wells Fargo, Citi Group and Deutsche Bank, and a number of others will suffer large losses. We have yet to see large class action suits and they could compound the losses. As you have already seen Fannie, Freddie, PIMCO and the NY Fed have already banded together to protect their positions. What we are seeing is intercine fighting to see who will lose the most money among the elitists. This internal warfare is good for us because it puts them off balance and other issues dear to their hearts, such as world government are pushed to the side at least temporarily. The only way these banks can stay in business is to be nationalized, so that you the taxpayer will have the privilege of paying for their losses. Anyone who owns stock in these banks and HSBC should have their heads’ examined. When it comes to legal action the court system is a sham. Countrywide’s Mazillo was fined and BofA paid the fine. Mozilo should be doing 25 years for criminal fraud. Stand by we are only at the beginning of this fraud extravaganza.

The tentacles and the depth of this scandal has only been recognized by elitists behind the scenes in NYC and Washington.

 
Tim Geithner denies US is planning to weaken the dollar ~ link ~
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Tim Geithner denies quantitative easing will purposely weaken the dollar: Tim Geithner, US Treasury Secretary.
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Following claims from Wolfgang Schaeuble, the German finance minister, that “what the US accuses China of doing, the US is doing by different means,” Mr Geithner rejected the notion that decisions by the Federal Reserve earlier this week somehow contained an ulterior motive.

Fed Chairman Clears The Waters: No Jobs, No New Housing - but the stock market is up! ~ link 


US Senator sees 'Confrontation' with China, War with Iran ~ link ~ Sounds like WWIII to me.  Stirling  
The United States faces a possible war with Iran to curb its nuclear ambitions and a "period of confrontation" with China over its currency, a top US lawmaker warned Saturday.
 
Republican Senator Lindsey Graham said his fellow conservative, fresh from their historic elections romp this week, support "bold" action to deal with Iran.

If President Barack Obama "decides to be tough with Iran beyond sanctions, I think he is going to feel a lot of Republican support for the idea that we cannot let Iran develop a nuclear weapon," he told the Halifax International Security Forum.

"The last thing America wants is another military conflict, but the last thing the world needs is a nuclear-armed Iran... Containment is off the table."

The South Carolina Republican saw the United States going to war with the Islamic republic "not to just neutralize their nuclear program, but to sink their navy, destroy their air force and deliver a decisive blow to the Revolutionary Guard, in other words neuter that regime."

He spoke just days before expected nuclear talks will see US and Iranian officials sitting at the same table for discussions on Tehran's nuclear drive. The two countries have lacked diplomatic ties since the Iran hostage crisis of 1979.

Israel Plans To Take 'Their' New Congress To War ~ link


ISRAEL'S CONGRESS!


World Geopolitics and The Battle for the Mediterranean - The Mediterranean Union: Emergence of a New Order ~ link




Ralph Nader: Corporate Socialism Runs US Government - video ~ link  


Debacle of America's Democratic Party, Demise of the Left-Center Left, A Worldwide Trend ~ link
 
Over the past 30 years the L-CL parties, which were once identified with working class interests and welfare reforms, have become deeply embedded in managing the capitalist system - going so far as to promote the most parasitic and volatile forms of speculative capital. As long as capitalist profits grew and speculative investments grew, the L-CL regimes believed that sufficient tax revenue would accrue to allow for a degree of social spending to pacify their popular voting constituency. The L-CL parties systematically eliminated the last traces of a socialist, social welfare or redistributive alternative.

The L-LC political leadership was unwilling to envision an alternative to their promotion of the policies of big corporate and banking interests as they led to financial crisis. When the big crash of 2007-2010 took place, the entire leadership of the L-CL was so deeply embedded in the institutions, policies and practices of the leading private financial structures, that the only solution they were capable of proposing was to sacrifice the public treasury in order to restore capitalist leaders and speculative institution to profitability. In other words, the U.S and European L-CL parties were prepared to jettison over 50 years of social advances. The past ties to their working-class voters, trade union allies, public employees and pensioners were severed, none were spared. The only interest that mattered to the L-CL parties was to restore conditions for profitability to benefit big overseas and domestic investors.
This economic recession has forced the L-CL parties to give up any pretext that they could satisfy bankers and public employees, corporations and workers, investors and pensioners. The crisis revealed the profound distance separating the working class from the political leaders of the L-CL.

The savage class austerity measures, repeatedly imposed on the working class every 3-6 months, in contrast to the vast and repeated subsidies to capital, reveal the true vocation of the current L-CL regimes. There was never a question of choice: From their entry into the government and from their leading economic appointments, to their subsequent agreements with the world’s leading banks, it has become obvious that the Papandreous (Greece), Socrates (Portugal), Zapatero (Spain) and Obama (USA) regimes were prepared to use the full power of the state to sacrifice labor to save capital.

The Mainstream Media is Now Obsolete ~ link ~ Yep!
The average age of CNN viewers is 63. MSNBC is 59. ABC is 51, and NBC is 49.

This is not a matter of one fake political party outdoing another fake political party. Both sides of the false paradigm media are being shunned by anyone young enough to be exposed to alternative web news, and many older readers are beginning to turn to the internet as well. Essentially, alternative web media is now replacing the MSM. Not only this, but as the recession takes its toll, it is becoming more obvious that cost cutting consumers are much more willing to shut off their cable than they are to turn of their internet service. Cable subscribers are now beginning to decline as internet users continue to increase:
 
 


Who was Behind the Death of Dr. David Kelly? The Case is far from Closed ~ link ~  
 

Coral, Marine-Life Devastation Near BP Oil Disaster Indicates Much Worst Long-Term Damage Than Feds Had Admitted ~ link"What we have at this point is the smoking gun," said Charles Fisher, a biologist with Penn State University who led the expedition aboard the Ronald Brown, a National Oceanic and Atmospheric Administration research vessel.


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