Monday, November 15, 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

1,072 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

Ancient Scottish Barony Title for sale.  There are about 100 Scottish feudal baronies that still exist; only a handful are from the very ancient Baronage of the Isles, as this one is.  In a time of economic crisis, it pays to put some of your wealth into important artwork, properties, etc. of rare value.  This is one of the most rare things that can be purchased and held. For sale at US$150,000 ~ link 

The Battle of Europe*

*In France they are withdrawing all monies from the banks on 7th December ~ link ~ German to English translation
French activists call for a Europe-wide and joint account termination on 7 December on. Everyone should get his money from the account. The question is: What does this protest?

In France the last few weeks has been enough protest - at least find the three fanzösischen citizen Yann Sarfati, Arnaud Varnier and Geraldine Feuillien. Since demonstrating in the street and have brought before parliaments and obviously not - so its findings - the real power lies anyway in the hands of international banks and corporations, they want to provide a novel form of protest a stir on: 7 December, all citizens of the country resolve their account and their money can be paid out in cash. Then, so the activists suggest, one can first put the money in a suitcase or invest it in a social bank. About 7000 people have signed up to Join the linked with the call to the Facebook page.

*Irish resisting EU bail-out pressure ~ link ~ The Irish Republic has insisted it does not need European Union assistance amid speculation it is under pressure to use an EU bail-out fund.
But it dismissed reports that it may approach the European Financial Stability Fund (EFSF) for up to 80bn euros (£68bn; $110bn) as "fiction". Meanwhile, Portugal has called on the Republic to act for the good of the eurozone, as well as its own interests. The EU can only offer a bail-out if Dublin requests it - but there are fears that if this did not happen there would be greater contagion elsewhere.
Last week, market anxiety spread to other heavily indebted eurozone nations, including Portugal and Spain, driving up their borrowing costs.
*EU austerity drive - country by country ~ link ~ Ask yourself this, why is it that nations all over the developed world suddenly, at the same time, have this desire for austerity and at the same time of a growing Global Depression?  Normally in bad economic times, nations spend MORE MONEY on the population NOT LESS.  The answer is that this new global Austerity Fascism is all about forcing the world into a totally horrific level of global economic depression/crisis.  It is then that the global banking cartel will offer us "a way out" of the mess.  Of course, the way out will be a new global currency and in-effect a new global economic and political union that will be a all-dominating high-tech police state.  This method of action is one that the global banking families have used for centuries, it is called the Hegelian Dialectic and it is based on Thesis/Anti-Thesis/Synthesis (Problem/Reaction/Solution).  They create the problem, control and shape the reaction to it, and then drive events/people to the "solution" which is the strategic goal of the entire process in the first place.  In other words, they are seriously screwing with us all.  Stirling 

EU finance ministers have agreed rules that will automatically punish member-states which break budgetary rules.

With the EU expecting all member-states to have achieved a maximum budget deficit of 3% of GDP by the financial year 2014-15, what belt-tightening measures are the countries taking?

*Growing signs of renewed debt crisis in Europe ~ link ~ There are growing signs of a renewed debt crisis in a number of European nations, as bond yields soar to record highs and the continent’s economic growth stagnates.

The heads of leading European countries took the exceptional step of using the Group of 20 meeting in Seoul to announce that the European Union had confidence in the measures undertaken by Irish leaders to address the nation’s budget deficit. At the same time, the leaders of Germany, France, Italy and the United Kingdom issued a statement declaring that the EU had no plans for an additional bailout of European nations until at least 2013.

Bond yields have been driven up in part in response to calls from Germany for revamping bailout mechanisms to place a greater burden on private investors, as opposed to European governments. To calm markets, European leaders stressed on Friday that the proposed new bailout mechanism “does not apply to any outstanding debt.”

*Berlin denies forcing Ireland to accept bailout ~ link ~ BERLIN HAS strenuously denied weekend reports that it was “pressing” Ireland to accept a bailout from the euro zone rescue fund. Amid growing speculation that such a deal is imminent, senior German sources insisted there was no contact, formal or informal, between Berlin and Dublin over the weekend.

Despite official denials, German officials admit they were rattled by market volatility last week, when analysts failed to distinguish between talk of so-called “haircuts” on sovereign bonds in the post-2013 euro zone rescue regime and the current system, which carries no such risk. Rather than risk further instability and confusion every time EU leaders discuss plans for the permanent rescue fund, it seems some in Berlin would rather see Ireland accept a bailout now.

*Ireland fights to avoid bail-out ~ link ~ The Irish economy is in desperate straits. No one disputes that. Its bank debt is the highest in the world. It amounts to something like £12,000 (14,000 euros) for every man, woman and child in the Republic of Ireland. 
EU officials looked on with increasing anxiety. What they feared was a replay of the Greek crisis earlier in the year, when indecision threatened the entire eurozone. Once again the fear was of contagion - that Ireland's problems were forcing up borrowing costs elsewhere, particularly in Portugal.There is a belief in Irish circles that some Brussels officials are trying to put the squeeze on Ireland to accept around £50bn in rescue aid.

UPDATE Official EU figures released today show that Greece has a significantly higher budget deficit and debt than previously revealed. Greece's deficit last year stood at 15.4% of GDP - higher than the figure of 13.6% given in April. Greece's overall debt figure for 2009 was revised up to 126.8% of GDP, from 115.1% previously. 

*Irish struggle with eye-watering austerity ~ link ~
Empty seats at Dublin stadium, 6 Nov 10 Many more seats would have been filled for such a big game a few years ago
The thousands of empty seats at the first rugby international at Dublin's new sports stadium were the latest indicators of the Republic of Ireland's economic woes. Under normal circumstances, the visit of world champions South Africa to this rugby-mad country would have guaranteed a sell-out. Not on Saturday. The empty green seats were a sign of empty Irish pockets. 

The figures, for a small country, are frightening:
  • Ireland must make 15bn euros (£13bn) in savings by 2014
  • Next year alone, it has to make 6bn euros in cuts
  • Public spending will drop by 4.5bn euros next year
  • Tax rises are expected to raise 1.5bn euros.
The cutbacks will be the most severe in Irish history. Details will be revealed in the next budget, on 7 December.

An estimated 100,000 people are expected to emigrate by 2014, with Australia and New Zealand among the most popular destinations for work-seeking young Irish men and women.

*Far from clear bailout for Ireland would calm matters elsewhere ~ linkANALYSIS: Resort to the EU-IMF fund could easily exacerbate the euro-zone crisis.

*Greece's budget deficit worsens ~ link
Protesting Greek workers in Athens Greece's austerity measures have sparked anger in the country

Greece's 2009 budget deficit was worse than previously calculated, making it the largest in the eurozone, new figures have shown. The country's deficit last year stood at 15.4% of its annual economic output, said Eurostat, the European Union's statistics office. This is higher than the 13.6% figure reported in April. Due to the revision, Greece said its 2010 deficit would only be cut to 9.4%, not its earlier target of 7.8%. It comes as Athens is continuing efforts to reduce the deficit through austerity measures that have sparked protests from workers.

The Greek government is also being visited by EU and International Monetary Fund officials on Monday, who will decide whether to release more funds.

*Furious protester march on banker's home ~ link
in Greystones,
Co Wicklow,
marching on
the home of
banker Sean
Demonstrators in Greystones, Co Wicklow, yesterday, marching on the home of disgraced banker Sean FitzPatrick
The protest, organised by the Right to Work campaign, began on the main street in Greystones, Co Wicklow. Outside the gates of FitzPatrick's home, James O'Toole, chairman of the campaign, said the protest was not just about the now-bankrupt banker, but about the upper classes who had escaped financial pain. "Sean FitzPatrick is just indicative of the whole rich classes in the country who haven't been touched," he said. Mr O'Toole called on authorities to jail the banker. 

*European Central Bank puts pressure on Ireland to accept bailout ~ link
The Tricolour flies alongside the European Union flag in Dublin today. The Government insists the State will not need to access a rescue fund. Photograph: Aidan Crawley/Bloomberg
However, European Central Bank vice president Vitor Constancio said Ireland could use the European Financial Stability Facility to help prop up its banking system to restore investor confidence.

"The problems of the Irish banking sector are not only problems of liquidity but also in some cases problems of capital, so losses," Mr Constancio said at an event in Vienna today.

*Banks should be 'allowed to fold' ~ link ~ European Central Bank policy maker Axel Weber said today that banks must be allowed to fold and backed the idea of issuing special bonds which would automatically convert to equity in the event of a crisis. Speaking in Frankfurt at the opening of Euro Finance Week - which is expected to see bankers and policymakers clash over how far to go with new regulation - Mr Weber stressed the need for stricter rules, saying a stable banking system was vital for long term growth.

He also underscored a number of areas for improvements and said bail-in instruments, such as contingent convertible bonds which can convert to equity if a bank gets into trouble, were one option for large banks that play a key role in global finance. "Even though there are a number of open questions these alternatives seem worth considering," Mr Weber said. He also said banks need to be allowed to fold to avoid complacency and so-called 'moral hazard' developing among bankers. "The relevant instrument in this context is a restructuring mechanism that allows for a wind-down of systemically-relevant banks without overburdening markets, Weber said."

*Ireland Goes Bust, Irish Bank Run ~ link ~ There was a bank run in Ireland on Wednesday. LCH Clearnet, a London based clearinghouse, surprised the markets by announcing it would increase margin requirements on Irish debt by 15 percent. That's all it took to send investors fleeing for the exits.

Yields on Irish bonds spiked sharply as banks tried to close positions or raise the capital needed to meet the new requirements. The Irish 10-year bond soared to 8.9 percent by day's end, more than 6 percentage points higher than "risk free" German sovereign debt. The ECB will have to intervene. Ireland is on its way to default. This is what a 21st century bank run looks like. Terms suddenly change in the repo market, where banks get their funding, and the whole system begins to teeter.

It's a structural problem in the so-called shadow banking system for which there's no remedy. Conventional banks exchange bonds with shadow banks for short-term loans agreeing to repurchase (repo) them at a later date. But when investors get nervous about the solvency of the bank, the collateral gets a haircut which makes it more expensive to fund operations. That sends bond yields skyrocketing increasing the liklihood of default. In this case, the debt-overhang from a burst development bubble is bearing down on the Irish government threatening to bankrupt the country. Ireland is in dire straights. Here's an excerpt from an article in this week's Irish Times which sums it up:

"Until September, Ireland had the legal option of terminating the bank guarantee on the grounds that three of the guaranteed banks had withheld material information about their solvency, in direct breach of the 1971 Central Bank Act. The way would then have been open to pass legislation along the lines of the UK’s Bank Resolution Regime, to turn the roughly €75 billion of outstanding bank debt into shares in those banks, and so end the banking crisis at a stroke.
With the €55 billion repaid, the possibility of resolving the bank crisis by sharing costs with the bondholders is now water under the bridge. Instead of the unpleasant showdown with the European Central Bank that a bank resolution would have entailed, everyone is a winner. Or everyone who matters, at least." ("If you thought the bank bailout was bad, wait until the mortgage defaults hit home", Morgan Kelley, Irish Times)
So, the Irish government could have let the bankers and bondholders suffer the losses, but decided to bail them out and pass the debts along to the taxpayers instead. Sound familiar? Only, in this case, the obligations exceed the country's ability to pay. Austerity measures alone will not fix the problem. Eventually, the debt will have to be restructured and the losses written down. Here's another clip from Kelly's article:
"As a taxpayer, what does a bailout bill of €70 billion mean? It means that every cent of income tax that you pay for the next two to three years will go to repay Anglo’s (bank) losses, every cent for the following two years will go on AIB, and every cent for the next year and a half on the others. In other words, the Irish State is insolvent: its liabilities far exceed any realistic means of repaying them....


Israel 'risks chaos without peace', official warns ~ link ~ The Palestinian leadership could fall apart without significant progress towards peace with Israel, which would be a major setback for Israel, a senior Israeli intelligence official has said.

The situation in the West Bank was the best in over a decade, he said - but warned it could lurch back into chaos. The source was speaking to the BBC on condition of anonymity.

Number of North Korean defectors to South Korea tops 20,000 ~ link ~ The number of North Koreans defecting to South Korea has surged in recent years because of economic suffering in the North, with more than 10,000 defections over the past three years, South Korea's government said Monday.

About as many North Koreans have defected to the South since the end of 2007 as the number who had fled over the entire previous period since the 1950-53 Korean War ended with an armistice, the Unification Ministry said in a statement. The overall total stands now at 20,050. Ministry official Han Dong-ki said the rise in defections reflects North Korea's worsening economy.

Israeli Cabinet Expected to Narrowly Approve Settlement Freeze ~ link ~ US$3 BILLION DOLLARS for a 90-day "settlement freeze" that is no where near a stoppage of settlement building on Arab lands! When Americans are growing more and more desperate due to the ever growing Global Depression, we get this Grand Con Job from Israel and its Puppet-in-Chief, Obama, in America! What a sad joke on America!   Stirling 

Benjamin Netanyahu:---"Once we squeeze all we can out of the United States, it can dry up and blow away"

AIPAC Bares All to Quash Lawsuit ~ link ~ AIPAC is firing its best shot now because it needs to get the case thrown out before Rosen can unleash a return salvo of “about 180” internal AIPAC documents showing that it routinely gathered “inside” (Rosen’s preferred euphemism for classified) information from U.S. government officials. Rosen can now immediately file his own sliced and diced depositions and even some of his stash of documents to prove his contention that AIPAC slandered him by claiming he was unique and thereby keep the case moving forward.

Rosen’s sense of persecution over the aborted criminal case is palpable. In one deposition Rosen compares himself to Capt. Alfred Dreyfus bound for Devil’s Island on secret and contrived evidence. In another, he explains to AIPAC’s legal team his motivation for filing a defamation lawsuit.

US missiles for Bahrain ~ link ~ BAHRAIN is planning to beef up its military to "counter major regional threats" with the purchase of surface-to-surface missiles worth over BD25 million, according to the US Department of Defence (DoD). The government has requested the purchase of 30 Army Tactical Missile Systems (ATACMS) T2K Unitary Missiles, according to the American Defence Security Co-operation Agency (DSCA) - which comes under the DoD. The DSCA confirmed on its website that it had informed the US Congress about the request for the all-weather, guided army missiles. It estimated the cost of the missiles, along with associated training, support and software, to reach around $70m (BD26.46) in total.

ATACMS is a family of long-range, near all-weather guided missiles fired from the Multiple Launch Rocket System (MLRS) M270 launcher. The system allows "precision engagement" with an enemy "throughout the depth of the battlefield beyond the range of currently fielded cannons and rockets", according to the Federation of American Scientists Military Analysis Network. "It delays, disrupts, neutralises or destroys high payoff targets such as combat manoeuver units, surface-to-surface missile units, air defence units, command/control/communications sites and helicopter forward area rearming/refuelling points," it added

Singer James Blunt "prevented World War III" with audio ~ link
James Blunt
Singer James Blunt has told the BBC how he refused an order to attack Russian troops when he was a British soldier in Kosovo. Blunt said he was willing to risk a court martial by rejecting the order from a US General. But he was backed by British Gen Sir Mike Jackson, who said: "I'm not going to have my soldiers be responsible for starting World War III."

Blunt was ordered to seize an airfield, but the Russians had got there first. In an interview with BBC Radio 5 live, broadcast on Sunday, he said: "I was given the direct command to overpower the 200 or so Russians who were there. "I was the lead officer with my troop of men behind us...

Italian Ministers quit Silvion Berlusconi's government ~ link
Junior minister Roberto Menia(L), deputy minister Adolfo Urso, Europe Minister Andrea Ronchi and junior minister Antonio Buonfiglio
Four members of Silvio Berlusconi's coalition government have resigned, deepening the political crisis surrounding the Italian prime minister.

All four are backers of parliamentary speaker Gianfranco Fini, who left the prime minister's party over the summer.
Is Jesus God? ~ link ~ YES!

Haiti cholera death toll tops 900 ~ link ~ The disease is present in six out of 10 provinces and 14,642 people have been hospitalised since the outbreak of the waterborne disease began last month.

Aid agencies are battling to contain cholera in the capital Port-au-Prince, amid fears it will spread through camps housing 1.1m earthquake survivors.

Aung San Suu Kyi aims for peaceful revolution - with video ~ link ~ Two days after being freed from house arrest, pro-democracy leader Aung San Suu Kyi has said that her aim is for a peaceful revolution in Burma. 

Speaking to the BBC at the headquarters of her National League for Democracy, she said she was sure democracy would come to Burma eventually, although she did not know how long it would take

Remains of astronomer exhumed in Prague ~ link ~ link ~ Tyge Ottesen Brahe (1546-1601), who postulated that the moon and sun both revolve around the earth but that the other planets orbited the sun, was Danish-born but spent the last two years of his life in Prague in the service of Hapsburg Emperor Rudolph II.

His death is thought to have been caused by kidney failure, but there are suspicions that he was deliberately poisoned.

UN-Backed investigations shake up Guatemala ~ link ~ In this nation whose murder rate more than triples that of Mexico, judges and prosecutors are underpaid, underprotected and under attack by organized crime. Guatemala teeters on the edge of failed-state status. 

Yet a U.N.-backed investigative team that has by all counts been highly effective in prosecuting criminals is suddenly meeting stiff resistance from the very people who should stand to gain from a stronger rule of law: Guatemala's political and business elite.


Anonymous said...


After US Secretary of State Hillary Clinton met with the Israeli Prime Minister on Friday, the US set out an offer of additional military assistance to Israel in exchange for a 90-day moratorium on new settlement construction in the West Bank. Construction already in progress on hundreds of units of housing would be allowed to continue during the 'moratorium', which also does not include East Jerusalem.
The US offer is weak, as it does not pressure Israel in any way to adhere to past signed agreements or international law and since the 'moratorium' does not include East Jerusalem, where the majority of current construction of Israeli-only homes is taking place.
In exchange for the temporary, partial moratorium on construction, the Israeli military would receive a gift of 20 F35 fighter jets, worth $3 billion, from the US.
The US government also promised Israel that after the 90-day moratorium, they would not seek an extension, and settlement construction in the West Bank and East Jerusalem (all of which is illegal under international law) could continue unabated. The land in question is Palestinian land that was seized by Israel in 1967, and has been occupied by the Israeli military ever since.

Anonymous said...

The link to the facebook signup for the Dec 7 bank withdrawal is not working.

Please also post the campaign to buy an oz of silver. If each of us did, it would take so much bullion out of circulation that the comex holders would demand physical delivery- thus bankrupting JP Morgan etc who ahve been selling fractional reserve metals at a ratio of 100:1.

Max Keiser has spearheaded this idea.

Anonymous said...

I knew that Jesus was God and that he had risen from the dead ever since I saw the Turin Shroud ( In 1998 –2000 and 2010).
This is a great sign for our modern times.
However, I feel it is very difficult to follow Jesus and that most of us prefer to do every thing they like without restraint. Many "religious" people are no better than ordinary people. Those who are the closest to God are the poorest among us.