Sunday, September 25, 2011

Lord Stirling's News Blog Europe

Holy Shroud of Turin

Powerful prayer to St. Michael the Archangel - video ~ link

AVE MARIA - by Helene Fischer - video ~ link

AVE MARIA by Mirusia Louwerse - video ~ link

Lord Stirling's news blog EUROPE
Meltdown fears for Euro as G20 makes plans for Athens to default on debt ~ link ~ There are several aspects to this story/event that are important to keep in mind.  Firstly, the Global Banking Cartel (mainly through its Goldman Sachs operation) created the mess in the first place.  Secondly, it was a mathematical certainty that the Greek Default would take place and take place in 2011 or very early 2012 at the latest.  The globalists have piled on more debt, and have stripped even more assets from Greece and the wealthy states of Europe in a bogus attempt to 'save' Greece.  The globalists, by piling on massive austerity requirements on the Greek Republic, ensured that Greece would slide much deeper into a most serious economic depression.  This is all part of the End Game Grand Strategy to create the Global Banking Cartel families' New World Order one-world high-tech slave state.  The growing chaos in the world (wars, economic, currency, "disasters", etc.) are mostly linked to this Grand Strategy.  It is highly likely that this globalists Grand Strategy will not only result in WWIII but in the Biblical Armageddon in the relatively near future.   Stirling        
The world's leading economic powers are moving towards an acceptance that Greece will default on up to half of its €350bn sovereign debts, according to reports from meetings in Washington yesterday. They are believed to be working on concrete plans to deal with these huge losses and their repercussions.

This news – almost regardless of any words of qualification that emerge this weekend – will have a resounding effect on the febrile markets when they open on Monday. 

Five banks account for 96% of the $250 TRILLION [one-quarter of a Quadrillion dollars] in outstanding US Derivative Exposure - Is Morgan Stanley sitting on an FX Derivative Time Bomb?  ~ link ~ Yes, by design!  Take the time to real all of this short article at the link.  The massive global Derivative Market is the Economic Armageddon Time Bomb that is most certainly ticking and most certainly capable of total destruction of the existing global economy.  Pay attention to this!   Stirling    

The latest quarterly report from the Office Of the Currency Comptroller is out and as usual it presents in a crisp, clear and very much glaring format the fact that the top 4 banks in the US now account for a massively disproportionate amount of the derivative risk in the financial system. Specifically, of the $250 trillion in gross notional amount of derivative contracts outstanding (consisting of Interest Rate, FX, Equity Contracts, Commodity and CDS) among the Top 25 commercial banks (a number that swells to $333 trillion when looking at the Top 25 Bank Holding Companies), a mere 5 banks (and really 4) account for 95.9% of all derivative exposure (HSBC replaced Wells as the Top 5th bank, which at $3.9 trillion in derivative exposure is a distant place from #4 Goldman with $47.7 trillion). The top 4 banks: JPM with $78.1 trillion in exposure, Citi with $56 trillion, Bank of America with $53 trillion and Goldman with $48 trillion, account for 94.4% of total exposure. As historically has been the case, the bulk of consolidated exposure is in Interest Rate swaps ($204.6 trillion), followed by FX ($26.5TR), CDS ($15.2 trillion), and Equity and Commodity with $1.6 and $1.4 trillion, respectively. And that's your definition of Too Big To Fail right there: the biggest banks are not only getting bigger, but their risk exposure is now at a new all time high and up $5.3 trillion from Q1 as they have to risk ever more in the derivatives market to generate that incremental penny of return. 

Lastly, and tangentially on a topic that recently has gotten much prominent attention in the media, we present the exposure by product for the biggest commercial banks. Of particular note is that while virtually every single bank has a preponderance of its derivative exposure in the form of plain vanilla IR swaps (on average accounting for more than 80% of total), Morgan Stanley, and specifically its Utah-based commercial bank Morgan Stanley Bank NA, has almost exclusively all of its exposure tied in with the far riskier FX contracts, or 98.3% of the total $1.793 trillion. For a bank with no deposit buffer, and which has massive exposure to European banks regardless of how hard management and various other banks scramble to defend Morgan Stanley, the fact that it has such an abnormal amount of exposure (but, but, it is "bilaterally netted" we can just hear Dick Bove screaming on Monday) to the ridiculously volatile FX space should perhaps raise some further eyebrows... 
Goodby to International Law ~ link ~ This is a good article, take the time to read it all at the link.  Stirling     
It has been 66 years since the end of World War II and the memory of the concentration camps has faded (except when invoked as a political tool by Zionists). Nor has the subsequent holocausts such as those in Cambodia, Rwanda and Bosnia been sufficient to keep the issue of crimes against humanity front and centre in the governmental minds of the great powers. The historical fact is that such truly horrible crimes committed at the edges of the European world or beyond have never been seen as symbolically important in the same way the Nazi holocaust was. And so we cease to pay attention. That allows for the erosion of the safeguards against these crimes such as Universal Jurisdiction.
It is odd. The only thing that stands between all of us and the next holocaust is international law and treaty provisions such as Universal Jurisdiction. But who cares? Not the US or British governments and not the Zionists. No. Memory fades and double standards are, after all, a universal human failing. So it is just a matter of time before it happens all over again. Not in some far away place like the Balkans or Africa or the Far East, but once more right here in the West. Just as if the primary civilian disaster of World War II never happened.

Sarkozy hit by more leaks about allies' arms deals - HRH Princess Helene of Serbia is 'spilling the beans' to investigators ~ link ~ The French national election, in its early phase, has seen the French former head of IMF framed in NYC and then wiggle off the hook, and now more and more information is surfacing about Sarkozy's crooked administration.  The question is, what hidden powers are at work here and what is their goal???   Stirling        
The Elysee Palace was said yesterday to be in a "state of panic" after an extraordinary day of leaks and counter-leaks on a deepening financial scandal involving two of President Nicolas Sarkozy's long-time friends and colleagues.

Another of Mr Sarkozy's oldest and closest friends, the former interior minister, Brice Hortefeux, found himself dragged yesterday into the so-called "Karachi affair": allegations that millions of dollars in kickbacks on arms contracts were paid to the failed presidential campaign of the then Prime Minister, Edouard Balladur, in 1994-5. 

Erdogan: Planes and torpedo boats over gas fields ~ link ~ The European part of Cyprus has commenced the exploration of an underwater gas field in its disputed territorial waters and immediately - expressly as a retaliatory measure - Turkish prime minister Recep Tayyip Erdogan replied that Turkey would be doing the same off the northern half of the island split in two.

The tension created in the area for at least the past two weeks due to the Turkish-Israeli diplomatic crisis rose after Ankara announced it would be sending warships and planes despite the EU's calls for calm and talks.

Turkey's hardline stance on Israel just 'Tip of the Iceberg' ~ link ~ A interesting article from a major British newspaper, take the time to read it all at the link if you can.   Stirling      

Finally, this episode signifies the coming of age of Turkey as a strategic power connecting the Middle East with Europe, the West and the Muslim world. It calls for a major revamp of America's policy. A just and speedy solution to the Israel-Palestine conflict is essential if the US is to preserve its strategic interests in the Middle East.

Washington must reassess its unconditional support for Israel and adopt a visible even-handed policy, including a softening of its position on Palestine's bid for statehood.

Endogan: Israel cannot be trusted ~ link ~ In a shocking reference to the Holocaust, the Turkish prime minister said, "The Israeli people are always resorting back to the issue of genocide in history – they are always acting as if they are the victims.

"For that Germany has paid and is still paying… But neither Turkey nor the Muslims in the region… have ever exerted such cruelty on Israel, but Israel is very cruel in that regard. It shows no mercy."

Bullfighting in Barcelona to end with Catalonia ban ~ link ~ Good, it is a 'sport' that involves the infliction of pain on some poor animal before its death.   Stirling    

Catalonia's lawmakers voted for the ban - the first in Spain - last year after 180,000 people signed a petition.  They say the bullfighting is barbaric, but opponents say they will challenge the ban in Spain's top court.

Herman Cain wins GOP Florida straw poll ~ link ~ It looks like, even the voters that don't have the political maturity to endorse Ron Paul, still cannot stomach the "two front runners" Rick Perry and Mitt Romney and their usual 'political bullshit'.  People, even those who lack much political knowledge, are getting fed up with the political system.  This is happening in America and throughout the World as the engineered new Global Depression bits harder and harder.   Stirling    

Time travel possible?  E=MC2 wrong? ~ link ~ The latest experiment conducted by scientists at CERN, the world's largest physics lab, which is located near Geneva, may force a major rethink of the laws of physics and theories about how the cosmos works, Reuters reported.

The most famous scientific equation of the world had regarded the feat -- particles travelling faster than the speed of light -- impossible, but if the findings are proven to be accurate, scientists can dream of travel through time and even extra dimensions. 

Denninger: "I hope you've taken the last couple of years to become prepared"  ~ link ~ This is a good one to read in its entirety at the link.  Stirling    

Karl Denninger, who forecasted the breakdown in stock markets a couple of weeks before the crash of 2008, says that all hell is now breaking loose:

The world as we have come to know it, in one way or another, is going to crumble over coming years. It may happen overnight in a rapid waterfall collapse, or it may deteriorate over several years. Regardless of how it happens or exactly how long it takes, we’re running out of time and the outcome will be the same. Here’s historical proof exists that this can happen in America. In The Redline: A Tale of Collapse, Brandon Smith depicts a scenario that may not be too far off from what reality will look like in America in the not too distant future.

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