The European Bailout: Not a Very Promising Start
Many people have written insightful criticisms of the European bailout. For example, Tyler Durden, Joe Weisenthal and Gregory White point out that the French banks are the real winners of the bailout (but don’t forget JP Morgan).
• Alex Jones on Greece: It’s Robbery, Not Bailout!
Germany Was Out-Voted And Forced To Bail Out Europe
It increasingly looks like Germany is simply being out-voted and out-maneuvered, thus forced into effectively bailing out the Eurozone as the largest and strongest Eurozone economy.
• The Financial Oligarchy Reigns: Democracy’s Death Spiral From Greece to the United States
Paul Ryan Warns: EU Debt Crisis Could Spread to the U.S.
“Sooner or later, you run out of spending other people’s money with welfare state. In this country we’re going to have to decide in the next couple of elections do we want a safety net or a welfare state.”
• European Banks Now Feverishly Betting Against Euro, As Bailout Fails, Gold Surges
The unprecedented €750bn EU bailout represents part of an ongoing program of mass centralization of governance in Europe according to the world’s leading bankers and economists.
• Banksters Throw a Trillion Bucks Down a Black Hole
• Dow Aims for Biggest Point Gain of Year
• Bank Funding Crunch Deepens as Swap Rates Soar: Credit Markets
• Euro could reach parity with dollar: German economist
As Europe is bailed out to the tune of nearly $1 trillion dollars, Congressman Ron Paul warns that the constant monetization of debt, allied with taxpayer-funded bailouts, will inevitably lead to runaway inflation and the collapse of paper currencies.
• Eurozone Bailout Fund is a “Desperate Measure”
• Euro Shock-And-Awe Will Create Huge Short Squeeze–Followed By Air Pocket And Market Collapse
• Farr: Trillion Dollar Bail-Out, Here We Go Again!
• Alistair Darling denies €750bn EU bailout exposes UK taxpayer
Mario Ernesto Villanueva Madrid, former governor of the Mexican state that holds Cancun and dozens of other Caribbean beach resorts, has been extradited to New York on charges of accepting bribes from a violent drug cartel that smuggled hundreds of tons of cocaine into the U.S. and then laundering the bribe money through Lehman Brothers.
Two of Labour’s most notorious spin doctors were today revealed as the key architects behind the shadowy deal that removed Gordon Brown as Labour leader and potentially killed off David Cameron’s bid for No10
Written by Atmospheric Scientist Dr. Gerhard Kramm of the University of Alaska Fairbanks. Dr. Kramm is at the Geophysical Institute and Department of Atmospheric Sciences, College of Natural Science and Mathematics.
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