Friday, June 1, 2012

Lord Stirling's News Blog EUROPE



 EUROPE

 
 
 Lord Stirling's News Blog EUROPE





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

AVE MARIA - by Helene Fischer - video ~ link
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Links of importance:  
 
Latest Satellite Surface Current Forecast for North Atlantic - Loop Current - Gulf Stream ~ link


Latest Satellite Sea Surface Temperature for North Atlantic - Loop Current - Gulf Stream ~ link  


Current status of the Gulf Stream ~ link


Lord Stirling's Fifes & Drums ~ link ~ Music page ~ link   
 
 
Royal Burgh of Stirling Pipe Band at Stirling Castle ~ link   ~ Official site ~ link 


Lord Stirling's book: Cash For Peerages - The Smoking Gun ~ link 
 

True Believer Album by Jeff DeVillez (iTunes) ~ link ~ also see this ~ link  ~ Also see: Songs from Jeff DeVillez ~ link

War on Iran & Syria: What They Are NOT Telling Us ~ link  


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As in political, economic, military and otherwise!



Signs of global economic chaos growing...what will Monday bring?



A Chinese Bank Run? ~ link ~ Bad sign, really bad sign.   Stirling      
 
The balance sheet recession that seems to have correctly diagnosed the problem facing Japan (and now Europe and the US)  - explicitly causing debt minimzation as opposed to profit maximization - seems to be taking hold. However, it appears this death-knell for credit-created growth is now being seen in China - as AlsoSprachAnalyst interprets "people are not borrowing, but selling assets to pay down debts, and/or holding cash". What is most worrisome is that while the focus of the world has been on European bank runs (for fear of bank failure and redenomination risk), 21st Century Business Herald now notes that these bank runs have spread to China's industrial and construction-heavy city of Wuyishan. Queues were seen on various branches of China Construction Bank, Agricultural Bank of China, and Industrial and Commercial Bank of China.
 
 
 
US jobs slump and Eurozone fears send global markets into tailspin ~ link ~ Billions were wiped off stock markets across the world on Friday as investors took fright at mounting evidence that US economic recovery had stalled while political paralysis in the eurozone was hastening a global economic downturn.

The Dow Jones index ended the day down over over 277 points, its worst fall for the year, wiping out all the gains it has made in 2012. In London the FTSE100 closed down more than 60 points at 5260.19, its lowest level since November last year, while eurozone bourses fell even harder with the German DAX index down by more than 3.4%, and the French CAC losing 2.2%. Major commodities prices fell too amid fears of poor demand from across the globe. Brent crude oil lost more than 3%, dropping to $98.77. Gold prices jumped 3%, the biggest one-day rise in two years, as investors sought havens from the turmoil.


Stock markets slump as slew of poor data bodes ill for world economy ~ link ~ Concerns that the UK economy remains mired in recession were strengthened as PMI data from Markit/CIPS showed that Britain’s manufacturing sector contracted at its fastest rate in three years in May. Markit’s eurozone manufacturing PMI also slumped to a near-three year low, with Germany, France, Italy and Spain all suffering sharp contractions.

Rob Dobson, senior economist at Markit, said the UK manufacturing sector “took a sudden sharp turn for the worse” in May.
 
 
 
Spain faces 'total emergency' as fear grips markets ~ link ~ “We’re in a situation of total emergency, the worst crisis we have ever lived through” said ex-premier Felipe Gonzalez, the country’s elder statesman.

The warning came as the yields on Spanish 10-year bonds spiked to 6.7pc, pushing the “risk premium” over German Bunds to a post-euro high of 540 basis points. The IBEX index of stocks in Madrid fell 2.6pc, the lowest since the dotcom bust in 2003.

Chaos over the €23.5bn rescue of crippled lender Bankia has led to the abrupt resignation of central bank governor Miguel Ángel Fernández Ordóñez, who testified to the senate that he had been muzzled to avoid enflaming events as confidence in the country drains away.





US Debt soars by $54 BILLION Overnight - Closes at $15,770,685,085,364.10 ~ link ~ You simply cannot make this stuff up.  The debt bomb, and other nasty 'bombs' that the Global Banking Cartel have to destroy the American and Global economies are just about ready to go off...get ready.   Stirling    
 
 
 
 
Jobs slowdown adds to 'Global Fears' ~ link ~ I listened to one of the talking mouthpieces on CNBC today saying that the "recovery" from the "recession" was stalling.   One of the great problems that we face is that the propaganda matrix is so full of shit, so totally out of touch with reality, that many people who do not access the Alternative News Media, are 'lost in space'.  They are about to get a real serious 'wake up call' and soon.  The jobless rate is NOT 8.2% in America.   There are approximately 100,000,000 Americans of working age, not in the military service or in prison, who are without jobs.  There is and has never been a "recovery" and it is NOT a "recession", it is a global DEPRESSION and it is about to get far, far worse!!!     Stirling    
 
Feeble hiring by U.S. employers in May added gloom to an already darkening picture of the economy, which appears to be joining Europe and Asia in a spreading slowdown.

Employers added a seasonally adjusted 69,000 jobs last month, the smallest increase in a year, while numbers for the two prior months were clipped by a combined 49,000. The politically salient jobless rate ticked up—to 8.2% from 8.1% in April—and the report quickly became a flash point for a presidential election focused on the job-creating bona fides of the candidates.
 
 
 
Complete and Total Worldwide Economic Collapse 2012 - video ~ link ~ This is from the movie Rollover from 1981, but is a good representation of how a global collapse might look from one perspective.    Stirling     
 
 
 
US jobs growth trips again, opens door to more Fed move ~ link ~ The Federal Reserve System and similar none-US central bank institutions, all controlled by a very small group of families IS THE PROBLEM!   They are creating the depression, just as they created all previous depressions and booms and inflations in the last century and then some.  And of course, all of the wars.  End the Fed if you really want to improve the economy...all the rest is bullshit!   Stirling       
 
 
 
The Deer Is Back ~ link It seems high-yield credit was on to something as we noted last night (here and here). Today's matrix-like collapse in equity perceptions of decoupling and central bank largesse sets up for more of the same as we suspect the ECB will hold off from acting until post-Greek-election to ensure the M.A.D. 'game' remains in place and with rates where they are, Bernanke will have to come up with some magical wording for his next QE raison d'etre. Today's 2.5% drop in the S&P 500 back below its 200DMA, its largest single-day drop in seven months, and the accompanying flood into safe-havens has left Gold and Treasury Bonds now outperforming Stocks for the year (with the Dow red YTD). S&P 500 e-mini futures volume was it highest of the year as we sit at the edge of the waterfall level from last July/August's plunge. Gold's 4% gain is the biggest day since January 2009. Treasury yields plunged to new all-time record lows with 30Y showing a 2.50% handle and 10Y a 1.43% handle. All the high-beta hope names were crushed with financials down 3.7% - their largest fall in 7 months (with the majors even more). VIX jumped 2.6 vols to close above 26.5% at 7 month highs. What is perhaps most disconcerting is the total lack of bounce into the close now two days-in-a-row - deer, meet headlights.
 
 
 
Stocks Log Worst Day in 2012 - Vix surges 10% ~ link ~ Stocks suffered their worst day of the year, with the Dow tumbling into negative territory for 2012, after a disappointing jobs report in addition to dismal data from China and Europe fueled fears over the health of the global economy. 
 
 
 
Global markets in meltdown as crisis continues to wreak havoc ~ link ~ MARKETS plunged to their lowest level this year today as concerns grew that the world's largest economies were grinding to a halt.
A government report on the state of the US jobs market sent shock waves through the markets and saw shares across the board plummet.  The FTSE 100 Index fell 1.29 percent to 5,252.19 while Germany's DAX fell 3.1 percent to 6,064.57, and France's CAC-40 lost 2.16 percent to 2,949.93.  Wall Street fell on the open, with the Dow Jones industrial average losing 1.3 percent to 12,230.50 and the S&P 500 falling 1.5 percent to 1,290.51. 



Biderman: Everyone is now a seller of US stocks - with video ~ link ~One of his better rants that escalates more and more as the brief 4 minutes or so goes on...and ends with a great question: "Why are bankers, union bosses, and government officials not going to prison for committing fraud against all of us?"
 

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