In a series of blog posts over the past two weeks, Cenciotti has described in unprecedented detail the powerful aerial force helping wage Washington’s hush-hush campaign of air strikes, naval bombardments and commando raids along the western edge of the Indian Ocean, including terror hot spots Yemen and Somalia. Cenciotti outlined the deployment of eight F-15Es from their home base in Idaho to the international air and naval outpost at Camp Lemonnier in Djibouti, north of Somalia.
Major war games on Syrian border "have nothing to do with Syria" ~ link ~ Yep, this earns the general the dreaded Five BS Flag Award. Stirling
Gloomy economic prospects: Why American politicians are quite about Europe's meltdown ~ link ~ U.S. politicians — both Democrats and Republicans — are united in a strategy to combat the weakening economy by resorting to the European strategy of austerity. Both parties have already worked together to cut 600,000 government jobs (mostly local) since 2009, destroying the services these workers deliver in the process (education has been most targeted).
These numbers will balloon when the effects of Europe's plight reaches America's shores. The political silence over this fact is a good strategy for U.S. corporate political representatives; the more unprepared working people are for austerity measures, the easier they are to implement (what Naomi Klein calls the Shock Doctrine).
Therefore, working people in the U.S. need to learn to speak Greek, and adopt an increasingly popular slogan that rejects austerity measures: Tax the Rich! In other words, make the rich pay for the crisis they created. In practice this means that, instead of massive job reductions, cuts to education and health care, taxes on the wealthy and corporations should be raised; the banks should be put under public control rather than being bailed out with public money; the public sector should be fully funded and expanded rather than privatized and slashed.
Austerity is when the wealthy attempt to push the effects of their recessions onto the backs of working people, who need only to collectively push back and force the 1% to pay instead.
China should also plan in advance to protect euro assets which account for 10 to 20 percent of its $3.3 trillion foreign reserve portfolio, just in case the eurozone eventually collapsed, he warned.
Italy's banks shaken as economic slump deepens ~ link ~ With the world's third largest debt after the US and Japan at €1.9 trillion (£1.18 trillion), it is big enough to bring the global financial system to its knees. It is also in the front line of contagion as the Greek crisis metastasizes.
Yields on 10-year Italian debt jumped 16 points to 5.86pc on Tuesday after Italy's data agency said the country is sliding even into deeper recession, with GDP shrinking 0.8pc in the first quarter.
Output is now 6pc below its peak in 2008. Italy has been trapped in perma-slump for a decade, the only major state to suffer a fall in real per capita income since 2000.
Debt crisis: Greek Euro exit looms closer as banks crumble ~ link ~ This crisis has been planned by the globalists for a long time. They are ready with their 'Hegelian Dialectic' "solution", which will take us much closer to their long-sought New World Order and one-world currency. Stirling
Developing World's Market Bubble Set To Bring Global Depression ~ link ~ Good article, take the time to read it all at the link. Stirling
In fact, today, the world is in the grip of the greatest banking bubble ever known. Go to any big financial city and the biggest skyscrapers are usually owned by financial firms – most of which you may never have heard. Eventually this system shall come crashing down – like unstable skyscrapers themselves. It is an unstated reality. The top men in this world are not fools.
The instability built into the system ultimately collapses it. Enter world government, or at least world money (SDRs?). Out of chaos, order …
The trick is to make it seem natural, inevitable. The EU and the US are commonly held to have slumped in 2008. This is simply a lie. The turning began in 2001. For more than a decade, the West has struggled with monopoly money malinvestment.
The top men of the world refuse to allow a recovery. They have thrown perhaps US$50 TRILLION at the world’s staggering monetary economy. They have used the financial steroids of central banking to pump up a bankrupt system.
Without government/central banking assistance, it is likely that not a single mega, Western financial entity would be around today. The system itself, with its empyrean nonsense, has spawned some US$600 TRILLION in notional derivatives.
How the Euro and the Dollar will Collapse ~ link ~ This is all part of the Global Banking Cartel's End Game Strategy. Stirling
Same goes for Germany, Merkel's party lost BIG in Germany's largest state North Rhine Westphalia (NRW), which way NRW goes, so goes the rest of Germany. Anti Euro sentiment is strong and it can not be stopped no matter what the bankers are doing.
The Euro is on it's last legs I do not see this currency continuing past 2013. There will be a quick dash to the dollar as a security blanket but that too will fail once the American derivative exposure can no longer be hidden. The final straw that will bring down this house of cards will be the $200-$300 Trillion of American derivative exposure. The derivative bubble will pop. What Dimon and JPM has signaled to the world elites and bankers in code is simply this...."It's time to get out of dodge."
Kuwait's financial crisis brewing: 31 investment firms suspended in trading ~ link
Western banks are being 'cleaned out' of physical gold on price weakness - 5000 tons ~ link
Jamie Dimon, JP Morgan Chase and the FED: Billions and Trillions for Insiders ~ link ~ It’s quite simple, really; you and I are legally and morally prohibited from printing counterfeit money to fraudulently take things of value with something that is worthless. It is immoral for banks to do so also, and should be illegal. In a genuine free market economy, banks would be held to the same market principles and the same criminal penalties for fraud and theft that apply to other corporations and private citizens.
Unfortunately, many political and economic conservatives who identify themselves as “free market” advocates have adopted the monetarist views of Milton Friedman and see the Federal Reserve as a necessary (or even a good) thing — if only it will limit the annual money supply increase (and the resulting inflation) to something around two percent. The problem is no government entity, or government/private entity like the Fed, can be entrusted with that kind of power, as the history of banking over the past several thousand years — and the financial debacle of the past several years — amply attests.
World Bank agrees to provide $2 Billion loan to Indonesia ~ link ~ THE World Bank has announced it's ready to provide Indonesia with a $2 billion loan, a backstop against a potential debt crisis in one of Asia's fastest growing economies.
The World Bank said the loan, requested by the Indonesian government, would be held as a contingency against "possible future shocks and volatility''.
Acknowledging the Arrival of Peak Government ~ link ~ Most informed people are familiar with the concept of Peak Oil, but fewer are aware that we’re also entering the era of Peak Government. The central misconception of Peak Oil -- that it’s not about “running out of oil,” it’s about running out of cheap, easy-to-access oil -- can also be applied to Peak Government: It’s not about government disappearing, it’s about government shrinking.