AVE MARIA - by Helene Fischer - video ~ link
1,670 daily postings to this news blog as of today
Latest Satellite Sea Surface Temperature for North Atlantic - Loop Current - Gulf Stream ~ link
New Year Prediction: Israel and US will attack Iran ~ link ~ This is highly likely and if it happens it will likely begin World War Three. Stirling
US and Israel inciting terrorism in Syria ~ link ~ Syria is the backdoor to war with Iran. However, Iran is the backdoor to WWIII for the globalists. Stirling
From Tripoli to Damascus: Arab 'Wild Geese' take wing - with video ~ link ~ Libya’s former rebels are urging Syrians to follow their revolutionary path. Hundreds of mercenaries, some of them former terrorists, are ready to take up arms again to help overthrow President Assad.
On Saturday, December 24, Iran's Navy launched a massive 10-day Velayat 90 naval exercise, covering an area stretching from the east of the Strait of Hormuz in the Persian Gulf to the Gulf of Aden.
Iran Defense Minister: Israeli strike on Iran would be a suicide mission ~ link ~ And an Iranian counter-strike on Israel will also be a suicide mission. That is the nature of a MAD (mutually assured destruction) environment. But the globalists don't care, they are more than willing to sacrifice Israel to get their World War III, and more than willing to sacrifice 2/3 or more of the World's people to get their long-sought satanic New World Order. Stirling
"The Zionist regime is completely isolated and under no circumstances it can attack Iran unless she wants to commit a suicide," IRNA quoted Brigadier General Ahmad Vahidi as saying. "It is due to the fact that it will receive deadly strikes from Iran which will make it unstable."
The Four Companies That Control the 147 Companies That 'Own Everything' ~ link ~ Interesting. Stirling
China Insolvency Wave begins as nation's biggest provincial borrowers "Defer" loan payments ~ link ~ Remember, back in the day, when a bankruptcy was simply called a bankruptcy? Naturally, this was well before ISDA came on the scene and footnoted the living feces out of everything by claiming that a bankruptcy is never a bankruptcy, as long as the creditors agree to 99.999% losses at gunpoint, with electrodes strapped to their testicles, submerged in a tank full of rabid piranhas, it they just sign a piece of paper (preferably in their own blood) saying the vaseline-free gang abuse was consensual. Well, now we learn that as the global insolvency wave finally moves to China, a bankruptcy is now called something even less scary: "deferred loan payments" (and also explains why suddenly Japan is going to have to bail China out and buy its bonds, because somehow when China fails, it is the turn of the country that started the whole deflationary collapse to step to the plate). After all, who in their right mind would want to scare the public that the entire world is now broke. Certainly not SWIFT. And certainly not that paragon of 8%+ annual growth, where no matter how many layers of lipstick are applied, the piggyness of it all is shining through ever more acutely. Because here are the facts, from China Daily, and they speaks for themselves: "China's biggest provincial borrowers are deferring payment on their loans just two months after the country's regulator said some local government companies would be allowed to do so....Hunan Provincial Expressway Construction Group is delaying payment on 3.11 billion yuan in interest, documents governing the securities show this month. Guangdong Provincial Communications Group Co, the second-largest debtor, is following suit. So are two others among the biggest 11 debtors, for a total of 30.16 billion yuan, according to bond prospectuses from 55 local authorities that have raised money in capital markets since the beginning of November." So not even two months in and companies are already becoming serial defaulters, pardon, "loan payment deferrers?" And China is supposed to bail out the world? Ironically, in a world in which can kicking is now an art form, China will show everyone just how it is done, by effectively upturning the capital structure and saying that paying interest is, well, optional. In the immortal words of the comrade from Georgia, "no coupon, no problem."
Montanans launch RECALL of US Senators who approved NDAA military detentions ~ link ~ Great! However, most states do NOT have such recall elections as an option. Stirling
Overlooked Language in NDAA ~ link ~ "The real danger lies in the government's definition of what a suspected terrorist is.
- "According to Sen Rand Paul (R-KY): "We're talking about American citizens who can be taken from the United States and sent to a camp at Guantanamo Bay and held indefinitely. There are laws on the books right now that characterize who might be a terrorist: someone missing fingers on their hands is a suspect, according to the Department of Justice. Someone who has guns, someone who has ammunition that is weatherproofed, someone who has more than seven days of food in their house can be considered a potential terrorist. If you are suspected because of these activities, do you want the government to have the ability to send you to Guantanamo Bay for indefinite detention?"
Economic news: Brazil waxes as Britain wanes ~ link ~ The globalists are doing their best to take down the traditional economic powers. Stirling
BRAZIL has overtaken Britain as the world's sixth largest economy, a London-based research group says.
World's Second and Third Economies to bypass US Dollar - Engage in Direct Currency Trade ~ link ~ To all who still think that in the war of attrition between the USD and the EUR (because contrary to what some have "discovered" only recently, currency wars have been going on for a long, long time and will continue to do so, before morphing into trade and real wars), in which both currencies are doomed, and where the winner takes it all, if only for a few minutes, we bring to your attention the following most recent update out of the Pacific Rim (where incidentally the Shanghai Composite has resumed its relentless track lower with the obvious intention of closing 2011 at its 52 week low) in which we find i) that the dollar's hegemonic control over the world is ending, and ii) that the mercantilist relationship so long sustained between China and the US, may be shifting and reversing, and in its next metamorphosis will see Japan buying the bonds of... China (although probably not for long - see next post). As Bloomberg reports, "Japan and China will promote direct trading of yen and yuan without using dollars and will encourage the development of a market for the exchange, to cut costs for companies, the Japanese government said. Japan will also apply to buy Chinese bonds next year, the Japanese government said in a statement after a meeting between Prime Minister Yoshihiko Noda and Chinese Premier Wen Jiabao in Beijing yesterday." And before someone blows it off as merely more foreign relations posturing, "“Given the huge size of the trade volume between the Asia’s two biggest economies, this agreement is much more significant than any other pacts China has signed with other nations,” said Ren Xianfang, a Beijing-based economist with IHS Global Insight Ltd." As for China's reverse mercantilist move, one which will stun anyone who believes that Yuan is still undervalued, "Finance Minister Jun Azumi said Dec. 20 buying of Chinese bonds would be beneficial for Japan because it would help reveal more information about financial markets in China, the world’s largest holder of foreign currency reserves." Speaking of, has Albert Edwards gloated yet that given enough time, he always ends up being proven right, in this case about the CNY's upcoming devaluation?
North Korea burnishes new ruler's credentials ~ link ~ In a move that experts said shows the anointed successor is on track to take full control of the secretive nation, the ruling party newspaper hailed Jong-Un as head of its Central Committee.