The Daily Stirrer

Eurogeddon Postponed Termporarily Due To Financal Conjuring Tricks
by John de Roe.
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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Labels: [Europe] [LWTC]

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As The Daily Stirrer has predicted since we started in 2009 that Washington's goal was perpetual war, of the kind George Orwell described in his novel 1984. Not only does war make fear - mongering acceptable as a way of controlling the population and restricting personal liberties and civil rights, it is great for business too. It should be no surprise then to learn ...

Russia's action against ISIS in Syria outwits Obama Again
Europe’s intensifying migrant crisis and Russia’s increased military support for President Assad’s regime in Syria, including the establishment of a Russian military Syrian headquarters at Latakia have focused the attention of world media and those of us who like to be aware what is going on to dangerous situation now emerging from Syria’s protracted civil war.

Merkel Hit By German Citizens Backlash As Her Anti - German, Pro - Immigration Policy Indtroduces Violence, Rape and Third World Lawlessness To Germny's Muslim Ghettos
As the lawless criminal scum imported by Merkel in her efforts to suck up to Obama threaten to turn Germany into a third world human cespit, it seems public opinion in European is waking up.

As Russia, China and Iran line up behind Assad, has the USA (and its proxies) lost the middle east war?
indications from Washington is that the Obama administration, surely suffering from collective megalomania, is determined to provoke a military confrontation with Russia, which the Harvard political science grads. are sure would bring down Putin and Medvedev and allow the west to install a bunch of right wing corporate puppets in Moscow as they did in Kiev

New GMO ‘gene drive’ technology could be used to unleash the world’s most devastating biological weapon

We told you that push to make all our food crops Genetically Modified was much more sinister than feeding the world's poor at the expense of ordinary people in developed nations. Now the real agenda is starting to be revealed.

Volkswagen Emissions Scandal - Is It The Tip Of The Iceberg?
The real problem here is that, driven by the hysterical warnings of self interested pseudo-scientists, politicians have set unachievable targets for reducing emissions while demanding that national economies keep growing.

Controlled Media Blacks out German Mass Opposition to Nonwhite Invasion

Luck Be a Tory Tonight
David Cameron is one Prime Minister that luck seems to have especially singled out for special treatment. From his election as Conservative leader in 2005, few within or without his party gave him much hope. Many senior Tories suspected he was all surface/no substance, that his privileged background was too great a break with his grammar-school graduate predecessors and a throwback to the Old Etonian school of Toryism; they thought he was too closely modelled on Blair to convince either the electorate or party activists out in the Shires

Chinese 'Military Assets' En Route To Syria?
The only thing that could make the bad situation the Obama administration has created in the middle east any worse would be for China to step up to the mark in solidarity with their allies Russia and Iran. And now we learn from pro-Assad Al-Masdar news ...

The Nuttiness Of NeoCon Destabilization Campaigns.
As the instability in the middle east spreads to Europe, North Africa and into Sourthern Asia we look as the role of the so - called neocons, piratical, mostly American corporate, world domination freaks who naively see the collapse of nations and the global economic structure as somehow working to their advantage. Ironically the neocons are aided and abetted by the neo-liberals, theoretically their rivals although the groups share the same broad aims.

Obama Is Employing An Army of Psychologists to Fundamentally Transform the Minds of All Americans
In 2008, I was asked if I was voting for Barack Obama. I said knew better and continued to explain that his political experience was very limited. No matter how astute I thought I was at that time, I could not have envisioned how destructive Barack Obama would prove to be to the lives of every American.

Playing Poker With Obama: Putin’s Calculated Risk In Syria
I've said before that the reason Vladimir Putin outmanoeuvres the US State Department in every diplomatic skirmish is that while American's play poker, which is all about bluff, Putin plays chess which is all about strategy. Russian President Vladimir Putin had decided to risk the possibility of military clashes with the United States and its European Allies, Saudi Arabia, other major Muslim nations and Israel by intervening in Syria ...

Syrian Doctor Makes More Trafficking Migrants to Greece Than He Can Doctoring
A former doctor from Syria has described how he now makes £60,000 a month trafficking people from Turkey to Europe. He has warned European Union (EU) member states that the refugees will continue to come even if all the borders are shut, saying “They will dig tunnels if necessary.”

U.S. To Station Nuclear Weapons in Germany Against Russia
Germany’s ZDF public television network reported on September 22nd, "New U.S. Atomic Weapons to Be Stationed in Germany," that the U.S. will station 20 new nuclear bombs in Germany, each being four times the destructive power of the one that was used on Hiroshima . Hans Kristensen, the Director of the Nuclear Information Project at the Federation of American Scientists, says, "With the new bombs the boundaries blur between tactical and strategic nuclear weapons.”

France ready to bomb Syria 'in self-defense' – foreign minister
France's Francois Hollande has been almost as desperate as Barack Obama for a war that will distract French voters from the economic disaster his socialist government has wrought. But if Russia continues to back Assad and there is no reason to think they will not, any allied effort to bring down assad is a non starter.

Hungary passes new laws allowing its army to use rubber bullets, stun grenades and tear gas on migrants, as EU holds emergency talks on Europe’s refugee crisis
‘Hungary has passed new drastic laws allowing its army use rubber bullets, stun grenades, tear gas and net guns on the thousands of desperate refugees hoping to pass through the country on their way to new lives in northern and western Europe.

Muslim Migrants Promised "Free Blonde Swedish Girls", Imam says Muslims Should Breed With Europeans to "Conquer Their Countries"
This content is so gobsmackingly evil, all we can say is if we hsad not spent hours authenticating it, we would not believe it. If after readin and watching this you still think uncomtrolled mass imigration from the Muslim nations of Africa and the middle east, you need to see a psychologist.

Hausfrau Volksfuhrer Merkel Confronts Facebook's Zuckerberg Over Policing Hate Posts
It has long been recognized that German chancellor Angela Merkel models her leadrship style on those og Hitler and Stalin. What is not so well know is that Facebook CEO Zuckerberg is collaborating with Merkel, Obama, Cameron and other leaders sympathetic to global fascism to introduce censorship of internet content. Avoid Facebook, Zuckerberg is a Jewish Nazi, how sick is that

Stephen Nolan’s Pro-Migrant Stance - Boggart Blog Pays Tribute With Fat Bastard by The Macc Lads
The BBC will not accept any criticism when it comes to anything of a political nature. They would never back down.There is, it seems, no one in the entire institution who is not radically left wing and they are waging ideological war against the general population and against British culture and values.

Labour leader Corbyn rejects bombing Syria, blames BRITAIN and the US for the rise of ISIS: because it will spark more ‘mayhem’
Though the story is from The Daily Mail which, we expect to be one of the new Labour leader's greatest critics, it's good to see Mainstream Media actually reporting one of the things Jezza is getting right. Obviously he reads The Daily Stirrer because we've been saying since ISIS were pulled out of ...

How Neo - Con and Neo - liberal Globalism Freaks Are Destabilizing Europe According To Plan
A study by our owner/ editor of how the USA led global markets project has destsbilised the middle easdt and why that outcome looks as if it was the long term plan all along. Libya, Syria, Ukraine, Yemen, Afghanistan, Iraq and now Europe ... all are strategically important and all were potential obstacles to Washington's world domination ambitions.

Beyond Big Bang: The Idea Of An Infinite Universe Is Fashionable Again
We see a lot of stuff being presented as fact these days because "a consensus of scientists thinks it is probably right." When we think of how many great advances have resulted from the work / thinking of people who did not have a university degree in a related subject, we understand it is wrong to dismiss the thoughts of the lay person

Merkel's Beloved Muslim Migrants Trigger Rape Epidemic In Munich
A story picked up by Pam Geller (always a reliable fact checker although some dislike her sensationist style of reporting) of Muslim migrats raping German women while migrant women are being forced into prostitution is not playing well with the femiists and left wing extremists who want us to believe the lie that these barbarians actually enrich our culture.

Russian troops already engaged in battle against ISIS around Homs
Military and intelligence sources report that on Wednesday, September 16, Russian R-166-0.5 (ultra) high-frequency signals (HF/VHF) vehicles were spotted on Highway 4, which links Homs and Aleppo. These vehicles, called “mobile war rooms” by the IDF and Western armies, were accompanied by BTR-82 troop carriers transporting Russian marines ...

Retired Swedish Police Chief Says Malmo Crime Skyrocketing Due To Immigration

Chief Superintendent Torsten Elofsson retired from police work in 2014 after 42 years on the Malmo police force, but he retains a key interest in the security of the city. Recalling his early days on the force, Elofsson said the nature and volume of crime in Malmo had changed significantly, going from the organised crime perpetrated by biker gangs decades ago to the migrant crime boom of modern Sweden.

Jeremy Corbyn, the Fabian Society left wing elitist posing as man of the people
Labour activists are hailing the Corbyn era as a return to traditional labour politics. But not only is Corbyn a posh boy from a wealthy family, he is a member of the elitist Fabian Society, the left wing intellectual think tank founded in the 19th century, which in the 1930s supported Hitler and fascism.

Muslim Only No Go Areas For Police And Emergency Services In Our Cities? - It Already Happened In Sweden.
Sweden continues to lead the way in surrendering its nation, culture and self respect to exremist Muslim dickheads, reasoning that the violent rapists and murderers of the relion of peace will thank them rather than kill them all. but the people all over Europe are waking to the betrayal of their elites.

Assad Says Europe Is Responsible For Refugee Crisis: "If You're Worried About Them, Stop Supporting Terrorists"
As the tide of refugees fleeing Syria’s bloody civil war, swelled by African economic migrants masquerading as Syrians continues to tear the European Union (EU) apart, and as Brussels struggles to formulate a coherent policy for handling the crisis as member states go their own way with measures to close border crossing points, divert migrants to other member nations, or ...

"West's War In Syria Is Part Of A Global war Waged By The USA And Its Dupes Allies Against Russia"
Arthur Foxake brings us a brilliant analysis of the geopolitical picture from the black Sea and Middle East, but ahead of the embed window we get a few of Arthur's own thoughts on the situation

German Authorities Claim Economic Migrants Are Saying They Are Syrian Refugees To Get Into The Country
The shock renewal by Germany of border controls was, it turns out, a consequence of Hausfrau Merkel's ill - advised decision to announce that all Syrians arriving in Germany would be welcomed, a stupid move, probably aimed at sucking up to the terrorist - loving Obama administration in the USA, that was doomed to end in disaster from the outset.

Swedish Immigrant Street Wars Spread: Stockholm Grenade Attack Follows Kurd-Turk Migrant Clashes
Violence between migrant gangs of different ethnicities vying for territorial rights to run organised crime has become the norm in Malmo, southern Sweden. Now it appears that as a consequence of the Swedish loony left government’s insane policy of flooding the country with third world migrants without

Hungary speeds up fence building as criticisms of its 'no more migrants' policy mount
With the criticisms from Austrian and German leaders still echoing through the strets of Prague, likening their treatment of undocumented travellers who are trying to enter the country illegally to Nazi holocaust deportations, the Hungarians have been rushing to finish their razor-wire fence along ...

Hungarian Leader Says Soros-Funded Groups Are Making Money From The Immigration Crisis
While Germany pursues its policy of replacing expensive German labour with cheap third woeld labour at act as fodder for its profit hungry factories, and the French government obediently follow their German masters while Britain stands aside, it is the poorer E U nations, led by Hungary, that have at last acted to stop the flood of unskilled, often illiterate refugees from third world nations flooding into EU nations.

It Is Now Confirmed That Russia Is Sending Hi - tech Military Hardware To Syria
Moscow is sending an advanced anti-aircraft missile system to Syria, two Western officials and a Russian source said, as part of what the West believes is stepped-up military support for embattled President Bashar Assad. Moscow claims transfer of military equipment is meant to help combat against ISIS, but the presence of air defense systems in Syria may stoke tensions with Israel.

Scientists Discover A New Human Ancestor
A NEW species of human – the Homo Naledi has been discovered in a cave in South Africa, an international team of scientists have confirmed. The new species was discovered 50 kilometers northwest of Johannesburg, South Africa and is being hailed as the ‘find of the century” by scientists.

Big Data and The Surveillance Society
We kill people based on metadata. – Gen. Michael Hayden, former head of the NSA and CIA. Bene vixit, bene qui latuit. (To live well is to live concealed) - – Ovid (43 BC - 18 AD)The most sacred thing is to be able to shut your own door. – G.K. Chesterton (1874 - 1936). I don't know why people are so keen to put the details of their private lives in public; they forget that invisibility is a superpower. – Banksy (2006)

Migrant ‘Rebellion’Against Hungarian Law As U.N. Warns Of Millions More Refugees
It was clear from long before Barack Hussein Obama was elected as US President in 2008 that under his administration, the USA would decare war on civilisation. The man told us so, he spelled it out for the idiots who voted for him that he hated America, white people and European civilisation. Well he kept those promises at least.

Big Data and The Surveillance Society
We kill people based on metadata. – Gen. Michael Hayden, former head of the NSA and CIA. Bene vixit, bene qui latuit. (To live well is to live concealed) - – Ovid (43 BC - 18 AD)The most sacred thing is to be able to shut your own door. – G.K. Chesterton (1874 - 1936). I don't know why people are so keen to put the details of their private lives in public; they forget that invisibility is a superpower. – Banksy (2006)

Oil Rich Nations Treat Their Fellow Muslims as Second Class Citizens And Europe is Left Picking up the Pieces
As the migrant tide continues to flow unabated and the more plain speaking european leaders start to talk of twenty million more migrants intending to enter the EU illegally, we ask why the wealthy Arab nations of the middle east are not taking any on the mostly Muslim migrants but instead trying to guilt trip Europe into accepting them all.

Syrian Girl's Video exposes western Politicians and Media Lies About Refugees
This girl makes more sense than Obama, Cameron, Hollande, Merkel and all other western criminals and corporate hirelings put together, Maybe one day they will realize that their subservience to zionism only leads ruin of their individual characters!

UK's First GM crops enriched with nutrients ready for harvest
With public opinion and a significant (but ignored by mainstream media strongly opposed to the introduction of Genetically Modified foods one would think that politicians, having lost the trust of voters, might hold back on this one. But no, as usual they are sidelining the public interest and ignoring public opinion in order to push the interests of the corporate cronies.

Russia Warns Washington Of "Unintended Incidents" In Syria
Yesterday, Thursday evening our news feeds picked up the latest development in the soap opera that is the Obama administrations waggering effor to make Russia back down from is's stance of supporting Assad and let the rent - boy President satisfy his bloodlust in bringing Syria’s horrific civil war with bombs and drone strike on Syrian civilians

Roads, Railways And Ferries Closed As Illegal Migrant Flood Overwhelms Europe's Transport Systems
As the tide of illegal immigrants trying to enter those E U nations offering the most generous cash, housing and medical care benefit packages swells daily, we bring news of another European nation that is comung to its senses. Soon only Germany and Sweden will be left on the road to national suicide. The Swedes are such politically correct wimps they'd surrender if someone dropped a smelly fart in Stockholm, as for Germany - TWO WORLD WARS AND ONE WORLD CUP!

Is Europe Doomed to Burn in Hell as Gadaffi Promised?
Back in 2011, blogger Little Nicky Machiavelli reported that Libya leader Muammar 'Mad Dog" Gadaffi, under seige during the FUKUS axis bombing campaign against his regime, warned that he would unleash a wave of migrants that would turn Europe to hell. A few days later Mad Dog was killed, but events since then tell us he carried out his threat as illegal ecomonic migrants from Africa are swamping the infrastructure of European nations.

Backslider Cameron Pays £1.7 billion He Promised He Would Not Pay
Remember about this time last year, the EU demanded the UK pay an additional £1.7 billion to the Euronazi project, to prop up the Euro single currency system after the debacle of Greece's economic collapse and ensure the Bankers and Corporate businesses did not lose a penny on their bad loans to the Greek government because the whole debt could be transferred to British, German, Dutch and Austrian taxpayers (all the other EU member states are effectively bankrupt).

Angry Mobs Torch Kurdish Businesses As Turkey Descends Into Chaos
History is full of national leaders turning on minorities in their own country with the west's tacit approval. Nothing about the way the Syrian tragedy has played out should surprise us then except that when the leaders of NATO's main powers, the The FUKUS axis wanted a war in Syria, the Syrian leader Assad found new best friends in Russia, China and Iran. Their opposition was enough to make France and the UK think twice about deposing Assad by force ...

MEP In Merkel Mask Mocks Juncker
An Italian MEP in a ~Merkel mask mocked the pusillanimous poltroon posing as President of the EU commission in Stasbourg yesterday as the Luxembourgischer nonentity Jean Claude Juncker (aka J-C Drunkard) lectured representatives of the sovereign nations that make up the European Union on what their elected government's policies should be.

Hungary Seals Borders As Migrant Flow Increases
The illegal immigrant crisis seems to be coming to a head; in Germany there is civil urest in areas where Volksfuhrer Haulsfrau Merkel has shoehorned large numbers of hostile Muslims into areas with high unemployment. In Britain Prime Minister Cameron faces a rebellion from members of his own party. In France, Sweden and Italy anti - immigration parties are ahead in opinion polls, but it is Hungary and Slovakia that lead the resistance to the EUronazis genocide of white Europeans project.

State Department Warns Russia not to Support Syrian Government Kerry says defense of country will “risk confrontation” with US-Saudi supported jihadi terrorists. The anti-ISIL or ISIS forces in Syria fighting to overthrow the Syrian government are virtually all jihadi extremists who have called for the establishment of a Sunni Wahhabist caliphate in the country.

If You Want To Help Refugees Stop Helping To Kill Them
As The Daily Stirrer predicted, the tide of illegal entrants streaming through Europe's porous southern and eastern borders is increasing. Italy, Greece and Hungary now have major problems and even non EU states in the Balkans are affected. This crisis will not be resolved until the EU leaders politically correct OCD is replaced and we resolve the Merkels, Camerons and Hollandes with people of resolve who will stand up to American bullying.

China’s Covert War with America Heats Up: Warships near Alaska, Another Industrial Explosion, and China Unveils Cruise Missile That Renders U.S. Carriers Obsolete
Two weeks ago, [The Daily Sheeple] ran an exclusive Natural News story announcing that a covert war between China and the USA had begun. The war started as a currency and debt war, then escalated into the catastrophic Tianjin explosion carried out by the U.S. Pentagon in a “kinetic retaliation” strategy, according to sources. It wasn’t long after the Tianjin explosion that a second explosion rocked the Chinese province of Shandong, sending “coincidence theorists” into a hissy fit because suddenly a pattern of explosions was emerging that could not simply be explained away as sheer chance.

USA To Blame For Europe's Migrant Crisis Says Putin
Appearing at the inaugural Moscow-hosted Eastern Economic Forum in Vladivostok, the Russian President has blamed the migrant crisis emanating from the Middle East on America. He also blamed European states for backing US efforts to spread democracy, which he said were responsible for the current exodus of people sweeping across the EU.

German Government Evict Poor Germans From Their Homes For Migrant Asylum Seekers
This is a digitally captured video of a news report on Federal German government plans to evict low income and unemployed German citizens from their homes and replace them with Middle Eastern 'asylum seekers' (handout seekers). This news story was first broadcast on a German Left-leaning TV station on August 28, 2015. It's original title: The most poor of the poor have to vacate their homes for asylum seekers.

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