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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 Europes 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 Merkels 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 ECBs German members will fall on their swords rather than cross that line, taking the bond risk directly onto the ECBs 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 ECBs 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 EMUs 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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The people who findly imagine themselves to be realists, rationalists and scientific thinkers have been yelling conspiracy theory for a long time now at those of us with the nous to work out what's really going on. well evidence is overrated because by the time it has come together the scam has been done and the perps (Goldman Sachs and the usual suspects) are away with the money.

Kerry stops Short Of Saying Climate Science Scepticism Is a Crime But ...
Everyone thought the global warming scam had receded into the background but Our New Unhappy Lords can't afford to give up on the carbon taxes they hoped for so easily. Though the evidence offered by the latest IPCC report offers only likewarm support for the idea that climate change will wipe out life on earth, the media hype has gone into full fear and panic mode

Intrusive Surveillance Technology, Internet control freaks and The Orwell-Huxley-Dick Dystiopianometer
Are privacy campaigners right to be worried about intrustive internet technology and the massive databases that log our behaviour and parse the data for patters that enable us to be targeted for advertising? Should we bee worried by surveillance or are those that raise doubts just scaremongering? The Orwell-huxley-Dick dystopianometer is rising.

What Is Democracy? Alf Garnett and Vladimir Putin Understand It
People talk about democracy and rule of law, but do they really understand what is involved in running a democratic nation like Britain or Russia with their large populations

Heading For The Last Roundup? GM crops a weapon of mass destruction
How did the title of a sentimental cowboy song take on such a sinister undertone in this Brave New World of The Scientific Dictatorship. Well when you remember Roundup is the brand of a herbicide based on the highly potent toxing gyphosate and genetic engineering has turned the food we eat into a delivery system for putting this poison into our bodies, you realise we could all be headinf for the last Roundup sooner than we would like

HAARP: Have Scientists, In Their Quest For World Domination, Opened Pandora's Box Of Troubles
Mention HAARP and you will get the Church of Scientism cultists yelling "Conspiracy Theorist" like the religious fanatics that they are. but HAARP (High Frequency Active Auroral Research Program) is no conspiracy theory, it is a well documented and officially acknowledged research project. We know what is can be used for (examined here in part 1 of a series) but what IS it being used for and what are the possible consequences. That will be looked at later ...

New World Order annexation of Ukraine.
Is it true that the uprising in Ukraine was anything but the spontaneous rebellion of a disenchanted population? Was it is fact just another regime change operation orchestrated by the FUKUS axis on behalf of the corporate and financial cartel that has hijacked western democracy.

Giant Whitewash Slick Sighted In Indian Ocean
The Malaysian Airlines missing Boeing 777 mystery is over, the mouthpieces of the New World Orderr declare. Though no wreckage has been found and technological data points to a very different conclusion, the powers that be have decided we must all accept the boeing 777 few way beyond its range, into a remote area of the Indian Ocean well over a thousand miles from land where the pilot ditched it. and we can all stop asking difficult question or else - see!

So Who Is Anti - science? Those Who Question Climate Change Or Those Who Would Abolish Free Speech
It was looking as if the global warming scare was dead, then that Nazi shit Barack Obama, seeing his dream of being President Of The World slipping away, gave his science whores enough money to enable them to kick some life back into it. Now the "science" lobby, unable to put together an convincing argument against their challengers are demanding the abolition of free speech.

Neuroscience Is Wrong. Human consciousness Did Not Spontaneously Occur Because Our Brains Got Big
One of the most obviously bogus of the new pseudo science disciplines in neuroscience. Not neurology, that is study of the brain - neuroscience is the study and subjective interpreatation of statistics obrained from electronically scanning the brain. So can these scientists really read your thoughts as they claim. Wel in a word, NO and anyone who tells you otherwise is having a laugh.

Save The African Clitoris
British Courts have started prosecuting the crime of Female Genital Mutilation, the barbaric practice popular in some African and middle eastern cultures of removing a woman's clitoris and labia at puberty. Meanwhile in Burkina Faso, western poverty millionaires have typically turned this barbaric practice into a monry making opportunity

One In Four Americans Don't Know The Earth Circles The Sun - Does It Matter?
When results of a survey suggested one in four American's does not know the earth orbits the sub, they Church of scientism Cult went into a frenzy about religion and ignorance. but does it really matter that much? OK, it's science but all the same it has little relevance to our daily lives. We examine the bigoted attitudes of the science fan club and their narrow mindedness.

Big Bang, The Cosmos, The Meaning Of Life And You
Scientists are claiming another breakthrough in our understanding of the uiverse. As usual they have found nothing, when science wanders into the territory of philosophy what is usually discovered (apart from being exactly whast the research project hoped to discover, is just a different subjective interpreatation of data to all the previous ones.

Venezuela Deals Blow to Banksters, Global Fascists and New World Order.
A few weeks ago we reported that a US sponsored campaign of civil unrest aimed at destabilising Venezuela was underr way as the latest target for US / New World Order colonisation was engulfed by riots. Unfortunately for the USA's Obama Administration and their globalist banker paymaters, Venezueal is proving just as tough a nut to crack as Ukraine, Syria, Egypt and Afghanistan.

Malaysia Airlines flight 370 Flown To Diego Garcia?
The days go by and there is still not sign of the mission Boeing 777 aircraft, Malaysia Airlines flight 370 which went disappeared without trace, along with all 200 plus passengers and the crew on a commercial flight from Kuala Lumpur to Beijing ten days ago. Mainstream news is offering only diversions and misdirections, but the Daily Stirrer is looking at the serious possibilities

Putin Could Win World War Three Without Firing A Shot.
Leaders of the USA and EU continue on their lunatic course of provoking confrontation with Russia, forgetting Russia's most powerful ally is China and with Iran onside and India, Brazil, Pakistan, most African nations and the oil producers of the middle east not having many reasons to love the west, it looks as if Obama, Cameron and Co. may have misread the situation ...

Ukraine Crisis: Putin Signs Treaty Making Crimea Part Of Russia - EU / US alliance Says Boo!
In spite of the west's sabre rattling, Russia continuers to ignore threats and Putin laughs at Obama's tough talk. So where does the crisis in Ukraine and The Crimea go next?

Modern Maths Teaching Is Making Children Mentally Ill
It is a well established fact that people who are good at mathematics are insane so why are we making such a big deal of abstract maths in proressive education when what most people will need to earn a living is a good command of basic arithmetic - which modern education is failing to give them.

The Crimea Referendum: tragedy or farce?
The world teeters on the edge of war as Obama continues to provoke Putin and the Russian leader coninues to flick V signs at Washington. Will Obama do something following the latest insult after he demanded that Russia drop it's support for a referendum in Crimea on independence from Ukraine was contemptuously ignored?

Agenda 21: Wyoming welder faces $75,000 a day in EPA fines for building pond on his property
Agenda 21 may not have gained much traction here in Europe yet but it is forging ahead with its agenda of seizing control of private property and abolishing individual freedom in the USA where the fascist excesses of The Emperor Obama and his tyrannical administration are at war with the people. Think I'm exaggerating? Fools...

As Crisis Deepens Ukraine Population Show They Still Have a Sense Of Humour
The US administration seem to be set on provoking Russia into war over Ukraine. It is probably the most idiotic episode in the career of the idiotic American rent Boy President Barack Hussein Obama. With China and Iran siding with Russia and Idia leaning in their direction while the European Union cannot push too hard while Russia controls the gas pipelines, the west can't win.

USA, Russia, Economic War Over Ukraine - an explainer
As economic war between the EU / USA and Russia lookes more likely than a shooting war between east and west over Ukraine, we look at the reasons why it has come to this and the likely consequences for our readers.

Transatlantic Trade And Investment Partnership Attacks Democracy
The fascist global government lobby is up to iut's tricks again, not content with trying to force the Trans Pacific Partnership (TPP) on Asian nations and only succeeding in driving those nations closer politically and economically to Russia and China, the neo Nazi New World Order is not trying the same trick to rob European nations of their sovereign powers and put the banking / corporate cartel above all national interests.

Google's Brave New World Of Artificial Intelligence - And The Destruction Humanity
Almost every day we hear scientists burbling about artificial intelligence and how very soon machines will be smarter than humans. As scientists are nowhere near as smart as humans its hard to see how science can build something smarter. The problem is of course we don't understand what contsitutes intelligence - those who think academic qualifications are the only indicator are retards. So where will this madness to replace us with machines end?

Missing Malaysian Aircraft: Crash Or Cover Up?
How can a modern aircraft equipped with sophisticated (and bomb proof) tracking and security technology which is designed to stay intact through a crash or in flight explosion and keep tramsmitting its location for up to 30 days after being separated from the aircraft, just vanish. Yet that is exactly what we are being asked to believe happened to a Malasia Airlines Boeing 777 en route to China. The deeper we delve, the murkier the story gets ... read on below

There Is A Global Conspiracy Says World Bank Insider
We have reported on many situations that make it obvious our political leaders are collaborating with bankers and global corporations towards, it appears, a global government. Is this conspiracy in the inteerests of we the punters? You can bet your life it isn't. So far however it has been hard to convince indoctrinated Marxists and people who believe singing Kumbaya will make things right, that big government is not our friend but our enemy.

Your Lupins Or Your Life! EU Bureaucrats To Ban Your Favourite Flowers
With a video clip of the Monty Python sketch the title refers to, this Boggart blog satire takes a wey look at new powers being sought by EU bureaucrats that will enable them to order non native garden plants and shrubs to be dug up and destroyed even though these species have been part of European gardens for centuries. Could there be a more sinister motive behind the move? We think so.

Paedo Loving Comrade Mr. Harperson In Trouble Again
There seems to be no end to Labour's paedophile link woes. Allegations continue to surface about the three senior MPs, Patricia Hewitt, Harriet Harman and Jack Dromey who while working for the national Council for Civil Liberties supported an equal rights for paedophiles group which wanted the age of sexual concent lowered to FOUR. Meanwhile new revelations have now implicated a senior judge. The corrupt elitists have no morals.

Former US Presidential nomination runner Dennis Kucinich says US instigated Ukraine Crisis
We told you so - and now a US politician who once ran for the democratic nomination in the Presidential election has confirmed it, the USA and Europe were behind the revolution in Ukraine exactly as they have been in Egypt, Libya, Syria, Yemen, not to mention the wars in Iraq and Afghanistan and as they were when The Balkans expoloded into war in the 1990s

E Bomb? Putin Has Obama Over A Fracking Barrel Again On Economic Sanctions.
While western media continue to provide immaculate body service to Barack Obama by swallowing all his shit, the US energy boom is falling short of expectations and Putin is still runnung rings round The Rent Boy President

The Science Fraud: Many Scientific Research Papers Are Pure Gobbledegook
The war between humanities and science goes on, both in academic faculties and internet comment threads. But in an environment that is increasingly politicised and influenced by corporate profit motives rather than the pure and unsullied pursuit of knowledge, can we trust either side? This article suggests not.


HAARP: Scientists Open Pandora's Box With Experiments In Changing The Climate
What do you think of the freak weather this year? Coincidence, climate change, solar activity or something more sinister. If you have heard the term HAARP chances are you're pretty sceptical about the official line. HAARP - the High Frequency Active Auroral Research Program is a research programme that experiments with changing the earh's upper atmosphere. you don't have to understand much science to realise it proves that as John Lennon said the world is run by insane people.

Geoengineering exposed
Most of the discussion about geoengineering has centred on chemtrails, those persistent vapour trails left by jet aircraft which seem to hand around much longer and behave very differently to the condensation trails we have been seeing since jet aircraft became a regular features of the skies above us

Homosexuality: As a liberal society we have a duty to tolderate, not celebrate.
Even though the government has accepted a very limited definition of same sex marriage the gay lobby keeps raving on about the greates non issue of all time. But in a free society should we be subjected to bullying if we do not show enough enthusiasm for homosexual and lesbian relationships? When did indifference become a hate crime?

World On The Brink - USA And Russia Square Up In Ukraine
It looks like this might be the big one. With all America's plans to destabilise non supine nations in ruins as phase 2, the intstallation of a puppet government proved impossible, Obama who has already been bested by Putin several times cannot back down again. And this time the Russians have forced the crisis in their own backyard where the USA cannot possibly win. Interesting

Climate change and the unsinkable Pacific Islands
Idiots like Cameron and Obama are still swallowing the bullshit of climate science scammers by the shovelful and saying a slight increase in the average global temperature will pose an existential threat to humanity. but one by one the threats are being exposed as hype by research grant phishing scientists, just as the science of mathematical models is being shown to rely on fraudulent data.

Internet Trolls - Are They Contractors Paid To Suppress Open Discussion Of Sensitive Subjects?.
Everyone who likes to follow online debates on sensitive or controversial topics will have encountered trolls. but are these people really just angry and obsessive, excesssively self righteous individuals. Or is there anyting in the claims that they are employed by contractors to suppress open discussion and discredit points of view which do not support government or corporate interests.

Ukraine: Russia launches 'armed invasion' as Obama warns Moscow of 'costs' of intervention
The FUKUS axis - well mainly the US, France and the UK are just sockpuppets as any fule kno - look to have screwed up again. With proof having emerged that the USA and the EU are unrest in Ukraine, Russia has taken steps to safeguard eyjnic Russians in the country. Obama warned of 'consequences' if Russia intervened - Russia sent more troops

Facebook boss Zukerberg Wants To Own The Internet
Facebook's latest acquisition Whatsapp cost $19bn, that's $40 per user. Whatsapp charge their users $1 per year. That means it will take Facebook 40 years to recover their outlay. And people are buying shares in this company? Insane.

Pollution Could Save Us From Climate Change Disaster
As politicians become ever more hysterical and scientists become ever more crazy about climate change because less and less people believe them while more and more climate scaremongering is exposed as junk science or plain and simple fraud, if it really is necessary or desirable to cool the earth's atmosphere, then according to some chinese scientists, the answer is staring us in the face.

So You Think Control Of Media Is A Conspiracy Theory
A story I found on Zero Hedge concerns a factual article posted on the Financial Times website which was quickly removed and never appeared in print. Zero Hedge reproduce the article in full so I was able to verify its content. "Two days ago the FT released a clear, informative and fact-based article, titled simply enough "Gold price rigging fears put investors on alert" in which ..."

Geo - Engineering: The Science Isn't Settled

In another case of scientific dictatorship the American Government and the corporate cartel have invoked a Big Science scam to make $$$billions from geo engineering schemes 'to save the planet from climate change disaster'. The science is settled they tell us. Unfortunately once again it isn't. Geoengineering could have ‘catastrophic consequences’: Schemes to control climate change could backfire, a large group of concerned and influential scientists have warned.

Labour, The Party Of The Rich, Well - Connected, Elitist, Paedophile People
Labours paedophile agony goes on. Put on the reack by The Daily Mail over the involvement of three senior MPs with paedophile equal rights group PIE, the response was to deny the allegations. Unfortunately evert time harriet Harman, Jack Dromey or Patricia Hewitt deny something, The Mail produce documents to suppport their story.

Can Washington Change Three regimes At Once The FUKUS axis - let's be honest, the Obama Administration in the USA, France and the UK are just sockpuppets, may have bitten off more than they can chew in trying to deliveer regime change in three nations at one to satisfy their paymasters the global bankers. The log jam has developed because of the failure to remove assad in Syria and the resolute support of Russia, China and Iran for their ally.

Transhumanism - What The Elite And Their Science Whores Have Planned For You
Transhumanism, the creation of - or turning us into - part human, part machine cyborgs is generating a lot of discussion and a lot of spontaneous ejaculations in the scientific community as they contemplate having their brains replaced by a computer. There are no limits on the ambitions of scientists fantasies, they even envisage creating robots that can interbreed with us, but how much is realistic?