Be prepared for the worst, Europe and China are both in free fall. This is getting very ugly real quick. Then comes the Greek elections and the bad begins. QE3 won’t do anything just like operation twist and QE2. The economy is on the brink of global depression, we never did get out of the […]
The elections in France ousted from power one of the leading opponents of Turkish accession to the European Union- Nicolas Sarkozy. Although the new French President, Francois Hollande, ruled out the possibility of Turkey entering the European Union during his five-year term the Turks are optimistic enough to reopen their entry bid. There are three […]
Israeli, Greek and U.S. forces are in the midst of a drill in preparation for a possible war over Israel’s huge off-shore gas discoveries, which also may contain commercializable oil. Lebanon and Hizbullah have claimed the fields are in Lebanese territory and that they will “defend” the area against drilling by Israel. The week-long drill […]
Thanks to the office of Senator Jeff Sessions (R-Ala), ranking member on the Senate Budget Committee, sends along this shocking chart, showing that ‘America’s Per Capita Government Debt is Worse off Than Greece,’ as well as Ireland, Italy, France, Portugal, and Spain: Under Obama’s new budget plan, the gross Federal debt alone would reach $75,000 […]
We need to follow Greece because their default and withdrawal from the eurozone would set off major consequences to the European Monetary Union, and thus the EU, that are unforeseeable. A default would impact Greek banks who are major lenders to the government, as well as major German, French, and Belgian banks. These defaults would […]
At this point in the Eurozone crisis, the only responsible thing for European leaders to do is to develop contingency plans that will minimize the economic fallout in Europe when—not if—Greece defaults. Economic figures released today for the fourth quarter of 2011 paint a bleak picture for the already embattled Eurozone. Italy and the Netherlands, […]
The Greek Parliament was ringed by firebombs, and a venerable movie theater was left a blackened shell. The Greek Prime Minister Lucas Papdemos appealed to the parliamentarians to vote for the severe austerity measures including a 22 percent cut in the minimum wage, an axe to pensions and firings in the civil service. He warned […]
The 1915 Armenian and Assyrian Genocides: Inconvenient Precedents for the Arab Spring Revolutions …by Ranbir Singh It was in a speech of 22 August 1939 that Hitler urged his volk to slaughter without mercy men, women and children of the inferior Slavic race as he planned to invade Poland. He ended this […]
by Daniel Pipes National Review Online February 7, 2012 Remember the name Kastelorizo; you heard it here first. It is the far-flung, easternmost island of Greece, 80 miles from Rhodes, 170 miles west of Cyprus, but just 1 mile off the coast of Turkey. Kastelorizo is tiny, comprising just 5 square miles, plus some yet […]
The batch of downgrades on European credit, delivered over the weekend by Standard Poor’s ratings agency, prompted angry threats that Europe would have to create its own ratings agencies to bypass the American ratings agencies. The downgrades made yesterday’s credit and recovery plan calculations obsolete by increasing the cost of borrowing for nine European countries. […]
