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Eurogeddon Postponed Termporarily Due To Financal Conjuring Tricks
by John de Roe.
2011-08-12
The Daily Stirrer brings you opinion and comment on issues in the news that are likely to affect the lives of ordinary people. We therefore focus on economic matters, prices and inflation, jobs and unemployment, health, diet, education and social comment. Our contributors are old gits who are prepared to say what everybody is thinking.
Below our finance expert John de Roe analyses the latest bureaucratic scam that claims to have saved the European single currency but in reality is only another attempt to scam German taxpayers.

Eurogeddon Postponed Termporarily Due To Financal Conjuring Tricks

by John de Roe
12 August 2011

Euroggedon has been temporarily averted again. Jean-Claude Trichet, head of the European Central Bank (ECB) has arrived Superman - like in the nick of time to save the world. There will not be a bond crisis spiralling out of control in Italy and Spain in early August after all. An imminent meltdown of Europe’s financial system has been averted. Until September.

At first glance this looks good but not great. Ultimately European bureaucrats and central banker will have to face up to the fact that the Euro (the European Single Currency) can only be saved by engineering the departure from the community of nations that make up the Eurozone. A German exit from EMU would halt the debt-deflation spiral in PIIGS countries (Portugal, Ireland, Italy, Greece, Spain,) and clear the way for economic recovery to get under way.

Saying that is easy of course, getting it done is a tad more difficult. Unless the ECB is willing to embrace its new role as lender-of-last-resort by making massive purchases of dodgy looking Italian and Spanish debt, it will inevitably be tested in the financial markets. Weaker investors will use temporary rallies to offload holdings onto the ECB, i.e. onto eurozone taxpayers. Frankfurt will find itself underwater very quickly without a legal mandate or EU treaty authority.

Royal Bank of Scotland calculates that the ECB will have to buy roughly half the outstanding negotiable debt of the two countries to defend the single currency. RBS calculates €850bn. I would put it nearer €1 trillion. Unfortunately The ECB does not have any money and is acting as a temporary back-stop until the revamped EFSF bail-out fund is ratified by all parliaments over coming months.

Again that looks simple until we remember the EFSF has no money either. The parliaments of Eurozone nations have not even ratified the earlier boost to €440bn. As of today, the fund has barely €80bn left after all the commitments to Greece, Ireland, and Portugal. The rescue plan is more a fantasy novel than a plan.

As for boosting the fund further to €2 trillion or more – as suggested by Citigroup, RBS, and the European Parliament – we face a little local difficulty across the Rhine,France currently being in trouble itself, Austria being a no no because of the Micawberish eccentricities of local economics, Holland becoming more sceptical about the single currency by the day and Finland and Luxembourg the last of the Eurozone's solvent nations being tiny. With Germany the only nation capable and willing to bail out the Euro yet again, the provincial government of Bavaria, the Social Christians said they will not back one bent Pfennig for extra bail-outs, and the Angela Merkel's coalition partners in the Federal government, the FDP Free Democrats are almost of the same mood. Angela Merkel’s own Christian Democrat Union base grows more restless with every new economic problem that is announced. In any case, such an expansion of the EFSF would set off its own chain-reaction as France and then Germany lost their AAAs and plunged into the debt spiral abyss.

So, obviously markets will turn very nervous once ECB purchases approach the level that corresponds to the EFSF ceiling. They know that the ECB’s German members will fall on their swords rather than cross that line, taking the bond risk directly onto the ECB’s own balance sheet. Falling on swords could commence by the beginning of September as interest payments, become due and another trance of debt has to be refinanced. Gary Jenkins from Evolution Securities has noted that Greek yields fell from 12.43pc to 7.35pc in the week following the ECB’s first bond purchases, only to fly out of control six weeks later.

Whether buying time can solve anything depends on whether investors believe that Italy and Spain can grow their economies sufficiently quickly to break out of the debt traps they find themselves in. If we were on the cusp of a new global boom, then Italy and Spain can make it within EMU’s current structure but all the economic indicators suggest we are heading for another global recession..

If we do go into a global double-dip (defined as global growth below 2.5pc), they have no chance at all unless the ECB throws all caution to the wind, defenestrates the two German members from the top floor of the Eurotower, and embarks on a programme of Quantitative Easing that will have us all taking a wheelbarrow load of cash to buy a box of matches..

Germany might not like that prospect so despite all the talk from Bureaucrats and politicians, nothing whatsoever has been resolved by the latest plan to save the world..

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Amid a wave of disgust at the way Bernie Sanders, who presented himself as the anti - establishment candidate, was cheated out of the nomination by a process the Democratic Party National Committee blatantly rigged in favour of Hillary Clinton, threatened to fight on to the bitter end but on the opening day of the Democrat's party convention lamely sold out by endorsing the fraudulent candidacy of the corrupt and allegedly treasonous Mrs. Clinton, Green Party presidential candidate Jill Stein says WikiLeaks’ explosive release of Democratic National Committee emails prove the Democratic Party intentionally sabotaged Bernie Sanders’ campaign.

Leak from Gernamy's Bundeswehr Shows NATO Preparing For War With Russia
You will be blissfully unaware of this shocking news if you are the kind of person who relies on mainstream media for your information, but a dangerous alliance of Washington's neo-con / neo-lib hawks and the European Union's bureaucratic dictatorship are working flat out to convince Russia that NATO is preparing to attack. To be honest, I suspected for weeks something big was going on but my suspicions were only confirmed in the past few days.

Turkey Launches Purge Of People Who Claim Coup Was A Hoax
Justice Minister Bekir Bozdag said in an interview with Turkey’s Kanal 7 television station Sunday that anyone who suggests the coup attempt was staged likely had a role in the insurrection, which was defeated by loyalist forces and pro-government protesters. There has been some internet speculation that Erdogan engineered the unrest in order to rally support prior to a massive and planned power grab which in effect usurps all the powers of the elected assembly ...

Leaked DNC Emails Confirm Democrats Rigged Primary, Reveal Extensive Media Collusion
WikiLeaks releases 19,252 emails and 8,034 attachments from top officials of the US Democratic National Committee (DNC) -- Call it The Hillary Leaks part one, recalling Julian Assange's promise to leak damning evidence of Hillary's corrupt and criminal behaviour throughout the summer.

End Of An Era: The Collapse Of The Petrodollar System
In the years following World War Two, the U.S.A. was the world’s only exporter of crude oil and petroleum products. This freedom from international obligations supported the US economy, helped the US dollar emerge as the main reserve currency and gave the American government the independence to pursue its geopolitical goals without considering the effect on diplomatic relations with allies and rivals. Up to 1970 and a little beyond, the U.S.A. always maintained a trade balance with the rest of the world.

Emails reveal role of Monsanto in Séralini study retraction

In September 2012 the journal Food and Chemical Toxicology (FCT) published the research of a team led by the French biologist Professor Gilles-Eric Séralini, which found liver and kidney toxicity and hormonal disturbances in rats fed Monsanto’s GM maize NK603 and very small doses of the Roundup herbicide it is grown with, over a long-term period. An additional observation was a trend of increased tumours in most treatment groups.
from Natural Blaze

To Feed The World In A Grain Of Golden Rice, The Controversy Of GMO Foods
With their business plans in tatters and their GM products languishing unwanted on shop shelves, the chances of Big Biotech and Big Ag corporations revovering the billions they had invested looked bleak. Then came a scientific breakthrough, not in the field of genetics or biology, but in the science of public relations.

How The Clinton Foundation Made big Money Off Poor Haitians

In January 2015 a group of Haitians surrounded the New York offices of the Clinton Foundation. They chanted slogans, accusing Bill and Hillary Clinton of having robbed them of “billions of dollars.” Two months later, the Haitians were at it again, accusing the Clintons of duplicity, malfeasance, and theft. And in May 2015, they were back, this time outside New York’s Cipriani, where Bill Clinton received an award and collected a $500,000 check for his foundation.

U.S. Troops at Turkish Air Base on Highest Force Protection Level
Following the failed coup in Turkey on Friday night, the US embassy in Turkey says the Incirlik air base has been placed in lockdown. The base is used by the US-led coalition, including Germany, to launch airstrikes against "Islamic State."

Welcome to The Greenteeth Defending Free Speech Catalogue
Events in recent years have shown us democracy is a sham. From the USA where big money owns the political system through the European Union where the bureaucrats of the European Commission in Brussels openly express contempt for the elected governments of member states and clearly state that the faux - democratic European Parliament is irrelevant, and the wishes of member states are not considered, it is up to the bureaucrats and experts to do what is right for Europe, WE THE PEOPLE are fighting a war like none we have fought before as the political, financial and academic elites try to disempower the masses. Only through our right of Free Speech can we expose the corruption and self interest at the heart of the system and hold to account the people who would create a global, authoritarian government.

Rise In Intercommunity Confrontations Mean "Civil War Is Inevitable" In France According To State Officials
In the wake of the latest Islamic terrorist outrage in Nice, some state officials in France are warning that if the government does not act to suppress Islamic extremist and regain control of immigrant areas in the cities there will be civil war.

Democratic Party Primaries Vote Rigging Whistleblower Found Murdered
Unfortunate but conveniently timed deaths of people considered key witnesses in Clinton - related scandals go all the way back to the demise of Vince Foster in 1993. How many people have to die before they are able to give important evidence about scandals involving "Crooked Hillary" and her husband, "Slick Willy" Clinton before Democrats in the USA become aware of the stink of rotting corpses that surrounds the pair.

Kerry Demolishes Obama's 'Moderate Rebels' Syria Narrative
... What John Kerry said in this conversation effectively demolishes the foundations of US “regime change” policy in Syria and its support of certain Islamic terrorist groups Muslim - loving Obama likes to call “moderate rebels”.

FBI Insider Leaks All: Clinton Foundation Exposed! Involves Entire US Government!
A thread on 4chan with an FBI insider confirms everyone’s worst suspicions. The Hillary Clinton email server was merely a distraction from the Clinton Foundation and most of DC is in up to their necks in what could be the biggest scandal of all times. This inside info from someone claiming to be a high level FBI analyst whose job was to look at the records, with NOTES added to clarify some of the responses.

David Cameron Authorizes Deployment Of More Forces On Russian Borders
In one of his final acts a Prime Minister, David Cameron has given the go ahead for more British soldiers to be deployed in The Baltic States close to the borders with Russia. The troops who will be working alongside contingents from the USA and other European NATO countries are part of the latest provocation against Russia. The military build up in the Baltic region is ostensibly to counter increasing Russian aggression although ...

Clintons Threatened Attorney General's Life
impartial observers was gobsmacked last week when FBI director James Comey, in a totally damning statement announced that although there was incontrovertible proof former Secretary Of State Hillary Clinton had committed various crimes relating to national security but in the circumstances "no reasonable prosecutor would bring charges against the Democratic Party Presidential candidate. Strangely, just before the FBI announced they were dropping the case

Globalists Like Soros Are Now Blatantly Moving Forward Their Totalitarian World Government Agenda
Since the 1980s, billionaire currencies and derivatives trader George Soros has been advocating a global government ans actively promoting a technocratic, globalist agenda. This agenda, which includes the redistribution of wealth from the developed nations to the economic basket cases and the abolition of national sovereignty in a system which requires that all power devolves from a single, central authority, is advanced through the faux - philanthropic Soros political fronts

The Origins of HIV - AIDS Exposed?
Want to know the truth about AIDS. Sorry, we can't tell you, but we bring you an article which revives some of the very serious doubts about the official narrative on the origins of the HIV virus that leads to this disease.

Greece Could Scupper TTIP In Argument Over Cheese
The Greek government is ready to veto the Transatlantic Trade and Investment Partnership (TTIP) deal unless its feta cheese industry receives special protections. A document from the country’s Ministry of Economy, seen by Euractiv.com, says Athens is not optimistic about the deal’s future due to America’s stance on so-called “geographical indicators”.

US Accused of Pressurizing EU to Drop Frankenstein Food Ban Ahead of TTIP

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US Accused of Pressurizing EU to Drop Frankenstein Food Ban Ahead of TTIP


Opponents of the TTIP trade treaty and environmental campaigners have accused US politicians and bureaucrats of putting pressure on the EU to overrule a legal opinion compelling biotech corporations to submit new types of genetically modified organisms (GMOs) to rigorous safety testing and rquiring that foods containing genetically modified produce be clearly and explicitly labelled, ahead of the finalization of the Transatlantic Trade and Investment Partnership (TTIP) agreement.

Europe's Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The Verge Of Failure
... yesterday we observed a surprising development involving Deutsche Bank, namely the bank's decision to quietly liquidate some of its shipping loans. Reuters reported, "Deutsche Bank is looking to sell at least $1 billion of shipping loans [a market sector] whose lenders face closer scrutiny from the European Central Bank.

The Wisdom Of Crowds?
Silicon Valley internet technology billionaire nerds like to talk of The Wisdom Of Crowds because discouraging critical analysis of the internet crapware they sell us distracts us from privacy violations and benefits their bank balances. But is there such a thing as The Wisdom Of Crowds or is it just a corporate psy - op to help us believe they marketing hype?

The Origins of HIV - AIDS Exposed?
Want to know the truth about AIDS. Sorry, we can't tell you, but we bring you an article which revives some of the very serious doubts about the official narrative on the origins of the HIV virus that leads to this disease.

A Mob Of 'Foreign Youths' Assault 35 Females At Swedish Music Festival">
The number of sexual assaults in Europe as a result of the refugee crisis has been something that we have covered extensively, notably the "monstrous" attacks by men "of Arab or North African origin" that occurred on German women in Cologne during a New Year celebration (that led to the members of left wing parties in Germany's ruling coalition actually trying to have the word "rape" removed< from internal reports, because multiculturalism.

Senator Admits The FBI Is "About To Ask Putin For His Copies Of Hillary's Emails"
Hillary Clinton has long been known as a dishonest, incompetent, greedy, self serving liar. So, this blog is sure, is Donald Trump (you don't get to be a billionaire like Trump, or even worth a modest $100 million like the Clintons by being a nice person). Unfortunately, as things stand one of them will be the next President of the United states of America. It's up to you Americans, we British have just voted to break free of the European Union

Non-Firing Guns & Killer Ejection Seats – UK Takes Delivery Of US Advanced Fighter Jet
The first F-35 Lightning to land in the UK triggered a storm of controversy over why we were taking delivery of a hugely expensive aircraft that has shown in trials it is not fit for purpose, but also having been in development for over twenty years already looks very dated against the latest Russian and Chinese warplanes. Questions surrounding the safety and ability of an aircraft that has

Geoengineering: Science versus Humanity
Geoengineering, attempts by scientists to control the weather, have been wiith us from the 1950s and so have the man made disasters caused by them. From the small town of Lynmouth in South West England, devastated by a flash flood that killed many people, attempts to get at the truth have been dismissed as conspiracy theorioes'. But in British government papers declassified after 50 years, the Lynmouth disaster was revealed to have been caused by experiments in coud seeding.

Rebellion Against EU Authoritarianism Escalates As 8th Member Nation Threatens Referendum
Brussels went too far, they crossed the line in moving from an economic union to a political pan - European political empire. In the end it was a race as to which member state would quit first, Britain, Natherlands, Denmark or Italy. In the event it is Britain.

No Easy Answers For Immigration
The most sensible immigration policy is one that matches demand for labour with supply. While ensuring compassion and capacity for genuine refugees, we should take care that new arrivals looking for 'a better life' do not land in such numbers they become a burden on those that host them.

Is Brexit A Harbinger Of Doom For The 'Experts'
The Brexit vote, the decision by a democratic majority in Britain to leave the European Union has sent shockwaves around the world. Not only does the EU now face a tsunami of departures, the usurpation of democracy by 'experts' ( technocrats ) has been challenged and exposed as a sham.

US Media Bias RevealedAs Political Fact Checkers Caught Covering Hillary Clinton Crimes

CNN Money’s “fact-checkers” Cristina Alesci and Laurie Frankel ended up with egg on their faces on Wednesday after they rated as “false” a well-established and proven Clinton Cash fact involving Hillary Clinton’s State Dept. approving the transfer of 20 percent of U.S. uranium to the Russian government, as nine investors in the deal funneled $145 million to the Clinton Foundation.

Why Do The Weatern Powers, The United nations And The EU Continue To Tolerate The Terror Sponsor Erdogan And Turkey
The terrorist links of NATO member Turkey and its corrupt and tyrannical President Erdogan are so well documented they are beyond reasonable doubt... Erdogan has traded oil and arms with ISIS, committed humanitarian crimes against The Kurds and given refuge to ISIS fighters in Turkey. And yet Barack Hussein Obama continues to support his regime and the European Union is determined to fast track Turkey to full membership.
Why Do The Weatern Powers, The United nations And The EU Continue To Tolerate The Terror Sponsor Erdogan And Turkey

BREXIT vs. GREXIT – The Truth About The European Union And How It Treats Members
The only thing that will halt the European Union in its tracks, stop the push beyond Europe's geographical borders and prevent EU expansion to incorporate Asian, middle eastern and north African nations is war. Unless the testicularly deficient politicians stand up to the bean counters of Brussels. That's what they are, bean counters; not one among them is a risk taker or a person who has advanced because of their willingness to put their arse on the line.

How Barack Obama Did Not Save The World (and he isn't desended from King Tut.
President Barack Obama boasted of his legacy during a question and answer session in Britain, asserting that he single- handedly saved the world during his presidency. “Saving the world economy from a Great Depression — that was pretty good,” Obama bragged when asked by a student in London what he wanted his legacy to be.

The Hypocrisy and Snobbery Of The Remain Campaign And The Antidote
When I had to defriend a Facebook contact because she was arguing in favour of the EU, it was not simply because I support Brexit that I had become pissed of with her, it was the snobbish and condescending way she dismissed supporters of LEAVE and their case. People are entitled to their opinion on the European Union, but they should check the 'facts' they post in support of their arguments.

The Labour Case For Brexit by Kate Hoey M.P.
After my short intro is a savage indictment by Brexit supporting Labour MP Kate Hoey of the way the Labour Party has abandoned the working class and is now trying to betray the party's proud heritage and its roots in the industrial areas by taking Britain into an undemocratic, corporate controlled, capitalist friendly, elite dominated globalist control freak project.

FBI Vows To Go Public If Obama Blocks Indictment Of Hillary
The only thing saving Hillary right now is the protection being given her by The Obama Administration. However, if Obama’s Attorney General, Loretta Lynch, does not follow her oath of office and indict Hillary Clinton, FBI investigators will go public with their findings, according to former US House of Representatives majority leader Tom DeLay.

Orlando Shooting: Eyewitness Testifies ‘More Than One Shooter’
Just as happened with the San Bernadino shooting in California and the Paris attacks of 2015, accounts of the incident in Orlando in May 2016 from people who were at the scene differ from the version of events given mainstream media. A victim of Sunday’s terror attack at the gave a bombshell interview to ABC news in which he alleged there were several terrorists rather than the lone gunman news reports describe.

The Tyranny of The Economics Academics Is Coming To An End
The pseudo-Keyneseanism peddled by economics academics has failed disastrously, at huge human cost and to the advantage of authoritarian tyrants around the world. At last, as the global economy totters on the brink of collapse, the economic idiocy looks to have entered its end days. The 'sound of the last trump' will probaly occur in early November this year.

NSA Planning To Exploit 'Internet Of Things' Including Biomedical Devices
The post might appear from the headline to be aimed primarily as a US audience, but with US Government Surveillance now global, other governments sharing data with the NSA and The Internet sliding its tentacles into domestic appliances, cars and even the plumbing in our houses it affects us all.

Is Bilderberg A Sinister Group That Runs The World Or Just A Tea Party For Rich And Powerful People
Are the Bilderberg Group meeting, this weekend in Dresden, Germany, really The Shadow Government (the New World Order, The Illuminati,) that rules the world?

It's That Bilderberg Time Of Year
Every year, the world's richest and most powerful business executives, bankers, media heads and politicians sit down in some luxurious and heavily guarded venue, and discuss how to steer the global economy in a way that maximizes profits for all involved, while perpetuating a status quo that has been highly beneficial for a select few, even if it means the ongoing destruction of the middle and working classes and the creation of a servile, uneducated, ill informed underclass, the 'proleteriat' of Karl Marx' writing.. We are talking, of course, about the annual, and always secretive, Bilderberg meeting.

EU's Bureaucratic Dictatorship Is Losing The Support Of The Most Loyal Nations
When the unelected bureaucrats of the European Union Commission decided, without consulting member states, to comply with the wishes of the warmongering rent - boy in The White House and impose sanctions on Russia, after Vladimir Putin ordered the annexation of Crimea (to prevent the US backed neo - fascist government in Kiev carrying out a genocide of ethnic Russians in Crimea,) the idiotic goons were as usual duped into doing Washington's dirty work.

What Did Donald Trump Say To Earn a Liberal Lynch Mob On His Case
Over in the good ol’ US of A the ‘progressive liberals’ as that failed state’s authoritarian reactionaries like to label themselves, are getting their knickers in a right old twist about alleged ‘racist’ remarks made by the presumptive Republican presidential candidate Donald Trump who said something unforgivable about a Hispanic US federal judge. So what exactly was it he said about this bean – bandit judge that led intellectuals and academics to call for his murder?

Adolf Hitler, His Part In Our Downfall

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A thirty five thousand word book on the authoroitarian, undemocratic, bureaucratic dictatorship that is the European Union. Following the outburst of left wing hate politics following Boris Johnson's reminder that the EU has its roots in Hitler's Naziism, which as any intelligent person is aware is both true and very well documented. My blog colleagues and I decided to assemble this collection of our articles (with some long extracts quoted from public domain and creative commons sources) to help people misled by the REMAIN campaign into thinking the arguments are solely economic.

US Senators Attack Attorney General Loretta Lynch For Sanctioning With Hunt On Climate Change
Lawyers for Exxon Mobile went to court in Texas last month seeking to block a subpoena issued earlier this year by the attorney general of the U.S. Virgin Islands, which, alleging that the oil and petroleum giant is deceiving the public about the effects of climate change, demanded the company open its records to Department of Justice lawyers. Exxon responded by claiming that the subpoena is an unwarranted phishing expedition into Exxon's confidential records and as such violates its constitutional rights;

b>US Missile Shield; Loved Up Obama And Cameron Laugh As Putin Warns Poland, Romania Now In The "Cross Hairs"
No surprise then that during a joint press conference with Alex Tsipras in Greece, Putin warned Romania and Poland they could find themselves in the sights of Russian rockets because they are hosting elements of a U.S. missile shield that Moscow considers a threat to its security. Under the malign influence of Washington and Brussels these country's leaders have now exposed their people to the threat they most feared.

UK Conservative Politician Says Referendum Is An Establishment Stitch Up
Britain will be unable to stop Turkey from becoming a member of the European Union (EU), the Minister of State for the Armed Forces, Penny Morduant, has said. Predicting that up to a million Turkish people could come to the UK unless Britain votes to leave the EU in June, declared that the EU referendum is an “establishment stitch-up”.

EU Vows To Use Powers To Block All Elected ‘Far Right’ Politicians From Power
... populist social conservatives are regularly topping the polls across the Europe, but have been victims of EU orchestrated stitch ups to keep them out of power and ddeny the democratic will, in France, Sweden, Holland, and now Austria – and anti-migrant populists are already in power in Hungary, Poland, and the Czech Republic. Mr. Junker’s definition of “far right” is somewhat broad, noted by him previously describing Hungary’s conservative president, Viktor Orbán, as a "fascist".

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