EUROPE
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
Orthodox Cherubim Hymn - video ~ link
Here is why the Dow just passed 13,000 ~ link ~ Wondering why the DJIA just passed 13K again? Wonder no more: as the chart below shows it is entirely due to the nearly $7 trillion pumped by global central banks into the world stock markets just in the past 4 years. As Sean Corrigan from Diapason notes, the aggregate global central bank balance sheet has doubled in four years, after doubling in the 5 years before that.
We would add that with the entire centrally planned ponzi scheme hell
bent on preserving the illusion of nominal gains, global liquidity is
now fungibly sloshing from one market to another with absolutely zero
resistance whatsoever. At this rate, it should double again in 3 years,
then 2, and so on. Will the Dow hit 52K in 5 years in that case? Why
most certainly. Just ask any remaining citizens of the Weimar Republic.
They know all too well about exponential stock market rises. They also
know absolutely everything about the self-delusion that comes with
chasing NOMINAL numbers. Oh, and before we forget,
expressed in spot gold price, the central bank aggregate tally has moved
from being the equivalent of 10 billion oz of gold, to just 8 billion.
Guess what is 20% underpriced.
American Death Rattle - video ~ link ~ Good One! Stirling
As the U.S. dollar strengthens against other currencies, the
phantom corporate profits generated by a devaluing dollar will vanish. One of the dirty little secrets of the stock market rally is
that the rising corporate profits that powered it are largely phantom
profits. Why are they phantom? Because they are artifacts of currency devaluation, not an increase in efficiency or production of goods and services.
Though few domestic observers make mention of it, the large, global
U.S.-based corporations are now dependent on non-U.S. sales for about
40% of their revenues (50% and up for many companies) and virtually all
their profit growth. Overseas sales are made in the local currency: the
euro, yen, renminbi, Australian dollar, Canadian dollar and so on, and
the profits are stated in U.S. dollars on corporate profit and loss
statements.
In 2002, 1 euro of profit earned by a U.S. global corporation
equaled $1 in profit when converted to U.S. dollars. That same 1 euro
profit swelled to $1.60 in 2008 as the U.S. dollar depreciated against
the euro. That $ .60 of profit was phantom, an artifact of the
depreciating dollar; it did not result from a higher production of goods
and services or greater efficiencies.
EU's Prodi admits leaders knew Euro would cause ruin but hoped Political Union would follow ~ link ~ This is what we call "leaders"! Stirling
Elites Blow Up Greece On Purpose ~ link ~ Why there should be anyone left in Greece who WANTS to stay in the EU is a good question, so far as we are concerned. There seems to us no doubt that Greece is being treated as a kind of object lesson. Others in the EU are supposed to see that the Eurocrats themselves are in control of EU member states.
This is obviously the plan, and we reported on it just yesterday in
our article on Romano Prodi's admission that those in the EU knew the
euro would spark a political crisis. You can see it here: EU's Prodi Admits Leaders Knew Euro Would Cause Ruin but Hoped Political Union Would Follow
What are the European elites trying to do? Bear in mind that the Anglosphere power elite is ultimately behind the EU – and that this most powerful of all elites seeks global governance, a New World Order.
It may seem for instance, that the Germans are behind what's going
on, but this is a kind of shadowplay, an elite dominant social theme.
The Germans were thoroughly defeated in World War II, and their economy
shattered. What we consider the Anglosphere, with outposts in the City of London, Washington DC, the Vatican and Tel Aviv, are focused on world domination and intend to realize it.
But it doesn't make much sense that they are willing to tear down the
entire EU; therefore we have advanced the idea that some of what is
going on is taking place as a reaction to forces beyond the control of
the elites.
Eurozone negotiates Greek bailout amid rising popular opposition ~ link ~ Good One, take the time to read it all at the link. Stirling
A key element of the leaked report dealt with fears that the Greek
government would be unable to impose sufficiently deep cuts on the Greek
population, amid rising mass opposition.
It wrote, “The
Greek authorities may not be able to deliver structural reforms and
policy adjustments at the pace envisioned in the baseline [debt
scenario]. Greater wage flexibility may in practice be resisted by
economic actors; product and service market liberalization may continue
to be plagued by strong opposition from vested interests; and business
environment reforms may also remain bogged down by bureaucratic delays.”
Gas prices top $4/gal. in three states ~ link ~ This will have a strong negative impact on the economy, taking America and the World deeper into the Global Depression. Stirling
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