logo
The Daily Stirrer

Death Of The Eurozone by John de Roe.
When the first treaty aimed at establishing the European Union was drafted by the bureaucrat Jean Monnet it stated clearly the aim should be to create a single European state with a single currency (the Euro) and eventually a single government. That part of the reaty was rejected by all European states and an economic community based on free trade and fee movenent of goods and labour formed. But the Eurocrats of Brussels did not give up their dream ...

Death Of The Eurozone
by John De Roe.
2010-12-22
CREATIVE COMMONS: Attribute, non commercial, no derivs.
KEYWORDS:economics, economy, economists, politics, politicians, euro, currency, eurozone, bailout, spain, portugal, ireland, germany, monnet, santer, delors, brussels, bureaucrat, parliament, debt, sovereign

30 June 2010

by Ian R Thorpe

“France and Great Britain shall no longer be two nations, but one Franco-British union,” read the declaration.

“The constitution of the Union will provide for joint organs of defence, foreign, financial and economic policies. Every citizen of France will enjoy immediately citizenship of Great Britain, every British subject will become a citizen of France.”

The text was drafted by Jean Monnet, the architect of the European Union. If alive today, he would be pounding on the door of the Kanzleramt, exhorting Angela Merkel to offer a total fiscal union to all members of the eurozone before everything falls apart, and for complete fiscal and political integration to be enshrined in a revised EU treaty.

Monnet and his acolytes, Delors, Santer and the rest would not stop there however. They would be demanding that the sovereign debts and budget deficits of debts of Greece, Cyprus, Italy, Spain, Portugal, and Ireland will be fused immediately with German, French, British, Swedish, Dutch debt; that a single a single treasury be established to control the finances of all member states, and that treasury issue euro-bonds for all Europia or whatever clunky, boring name the creatively challenged Eurocrats, the unelected, unaccountable desk jockeys of the European Union decide to call the single European state they have always planned would be the outcome of their insanely bond-villainesque schemes.

Such a drastic, world changing move may now be the only thing that can save European Monetary Union and the monochrome dream of Monnet and the rest. But for such a thing to happen Germany would have to set about transforming the economic basket cases of Europia in the same way as it has transformed the former DDR, East Germany as it was known, the economic basket case of the Soviet bloc, over the last 20 years. To undertake such a task would involve a massive outflow of wealth from Germany to nations that Germany does not much care for and that in their turn despise Germany.

The alternative is for Germany to watch its strategic investment in the postwar reordering of European politics disappear in a puff of smoke. The political problem for Angela Merkel and her colleagues in the German government is their country would be blamed for the collapse of the project. This is unfair, while Britain has been distinctly cool towards Europeanisation, the French have been pro - integration when it served their purpose and Italy has staggered from crisis to crisis, Germany has consistently supported Europe with massive amounts of money and in practical ways.

It is apparent to people involved in bond trading that the debt crisis in the EMU periphery is nearing danger point, and could well spiral out of control as quickly as did the Lehman-Bear-AIG-Fannie-Freddie toxic assets crisis of 2008. Prof Willem Buiter, a senior economist at Citigroup, said last week that Portugal is likely to be first to need a rescue, possibly before the end of 2010 and that Spain will follow “soon after”.

Klaus Baader from Societe Generale published a report the same day under the title “Eurozone sovereign debt crisis: next stop Spain”. He suggests that the EU bail-out fund raises money to buy Spanish bonds pre-emptively. The German constitutional lawyers might have an opinion on that.

Therein lies the problem. To implement any workable solution to the Eurozone crisis would require EU member nations, independent, democratic nations, to surrender much of their sovereignty to an unelected body in Brussels. People might think the European Parliament is there to protect the interests of voters in member nations but the Parliament, in Strasbourg, for all its grandiose posturing is a glorified talking shop. The real power in the EU rests with the bureaucrats of Brussels and they will use whatever crisis they can to advance their agenda of creating a single European superstate.

This is why the economic problems of Spain, a much larger nation in terms of its population and economy than the other basket cases, the so called Piigs (Portugal, Ireland, Italy, Greece, Spain) are so worrying for corporate and national economic policy makers.

At Deutsche Bank, Thomas Mayer said Spain might soon need a flexible credit from the IMF. Markets are already pricing a 23pc chance of default in Spain (34pc for Portugal, and 39pc for Ireland). If the country needs a rescue, it instantly exhausts the credible financial and political firepower of the EMU system. Not long ago the experts were assuring us there was no danger of Spain needing an International Rescue but that attitude has changed in the past few weeks as the effects of Spain's catastrophic experiment with green power have been fully understood.

The EU’s €440bn (Ł372bn) rescue fund “looks small, very small, too small”, says Dr Buiter. Alleged plans for a double-up are circulating “en coulisses” in the Berlaymont, but Berlin squashed the idea as “completely over the top”. In any case, we are beyond the point in the Europoker game where bluffs can achieve anything.The markets makers know exactly what hand the EU is holding and are not accepting any more IOUs to fund the bets of states that cannot service their existing debt.

The chosen strategy of painful austerity and 1930s debt-deflation lame duck economies has already been tested in Ireland. There it only led to the same outcome as in the 1930s. Tax revenues have collapsed. The deficit has hardly been reduced because the economy was over - reliant on financial services, the housing market and debt funded domestic consumption. The policy is based on mathematical theories of the “fiscal multiplier”, and any fool except a mathematician (they lack experience of the real world) can see it is self-defeating.

On top of that Irish voters are still smarting over the EU's overturning their "no" vote in the 2009 referendum on ratification of the Lisbon treaty. Ireland, by democratic vote, refused to sign up to a further transfer of sovereign powers to the bureaucrats of Brussels and the Bureaucrats said, "Sorry, wrong answer, you will have to vote again and keep voting until you get it right. Many in Ireland see the current economic misery as payback from the EU for their disobedience. It does not bode well for pro - Europe parties in the next general election.

Should the EU impose the threatened 6.7pc interest charge on Ireland’s bail-out loans, the bureaucrats ought not to be surprised if the new Irish government in January says, "we're not paying, sue us", and pulls the plug on Europe’s banking system. A lot of people are hoping they do.

Ireland is a small nation however, it is Spain's economy on which the fate of EMU’s rests. Span's leader Jose Luis Zapatero said there is no chance his country would need a rescue. “Those investors shorting Spain are making a big mistake,” he told the Spanish Parliament and the media. Now where have we heard statements like that before? As Keynes once said, blaming economic crises on the markets is “not far removed, intellectually, from ascription of cattle disease to the “evil eye”.

Has Mr Zapatero bothered to read the IMF’s damning report on his country? It states that the government’s “gross financing needs” for 2011 will be €226bn, or 21pc of GDP. “Spain’s financing requirements are large and, retaining market confidence will be critical.

“The economy is highly indebted and has one of the most negative international investment positions (IIP) among advanced countries,” said the IMF. Its external accounts are under water by 80pc of GDP. Spanish banks will need to roll over €220bn in 2011 and 2012, according to Enrique Gońi, head of Banca Cívica who commented on the report “We’re in the antechamber of a new liquidity crisis. We’re living through a financial pre-collapse.”

Spain has exhausted its fiscal space. Targets should be made more credible,” the report concludes.

Madrid must attract €226bn of good money from Spanish, German, French and Japanese savers, investors, banks and insurers and China’s central bank, so an incompetent government (this one happens to be socialist, but the Greek conservatives were worse) can continue to run up budget deficits ad raise money in the bond markets to fund vanity projects such as the green energy fiasco that has left Spain's taxpayers handing over huge sums to foreign investors in sustainable energy projects even when those energy projects are not generating. Spanish savers are to familiar with their government's financial profligacy to hand over money to the state and international investors will follow Germany's lead. Why should German taxpayers lend a single pfennig, having already been told by EU leaders that they will face scalping if Spain ever needs a rescue?

This, in a nutshell, is the problem facing Angela Merkel. By the time she inherited the EMU debacle, imbalances were already chronic, and she certainly does not have popular mandate for grand gestures. In fact Frau Merkel's governing coalition is balanced on a knife edge and to commit Germany to becoming a financial crutch for most of Southern Europe would put the support of the Eurosceptic Free Democrat Party in doubt.

As the storm rages, the European Central Banks are tightening monetary policy by draining liquidity and raising interest rates and by signalling that they may soon shut the lending window that keeps Greek, Irish and Iberian banks alive. It is starting to look as if someone is pushing PIIGS into the slaughterhouse.

As for Jean Monnet's grand design, it is hard to see how such a union could ever have worked over time. It was rejected by the French cabinet at the time, though premier Paul Reynaud pleaded in favour. One Gallic patriot said that utter destruction was better than becoming a “dominion of the British Empire”. Today’s eurozone nationalists might well ask whether it is really worth giving up ancient sovereignty to keep an artificial currency.

RELATED POSTS:
The Second Wave Of The Debt Tsunami or The Coming Of The New World OrderAs the debt crisis stumbles on in Europe, the U S A and around the third world all politicians and governments can do is keep kicking the can further down the road. Nobody is prepared to admit that the economic model based on perpetual growth funded by personal debt and public spending has failed. So where do we go from here?
Britain' Leaders Must Ignore The Messianic Promises Of This False Prophet Of Economic SalvationAccording to his fans Paul Krugman is the greatest economist of his generation. So why does he telln us he can solve the economic crisis when all he can offer is a return to the borrow and spend policies that created the mess in the first place.
The European Court Of Human Rights - A Millstone Round Britain's NeckEurope has be4en a bugbear for years at the bureaucrats of Brussels tried to hijack more and more of Britain's sovereign powers. The biggest threat to our national sovereignty however is the European Court of Human Rights which tries to encroach on the lawmaking role of our elected parliament. If David DCameron and Nick Clegg want to save their government they must stand up to the federalists now.
Eurogeddon Postponed Termporarily Due To Financal Conjuring TricksThe 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.

Euro Uber Alles
Today we report The Iron Chancellor of Germany made it quite clear. “Whoever wants credit must fulfill our conditions“.
These conditions are capitulation by three vulnerable states on core policies, and partial loss of sovereignty for the rest of the eurozone. The move represents a giant leap towards the establishment of a federal Europe or the dreaded single nation solution.

Meanwhile As Punters Suffer Brussels Bureaucrats Throw Away Money As If It Is Infected
European Commission bureaucrats have squandered millions of pounds on bizarre projects that provide little or no benefit to member states, it has been revealed. Wasteful schemes include spending Ł20m on building three ports in Spain and Italy that remain unused four years after their completion and sending a ‘blogging donkey’ equipped with a solar panel and a video camera around Europe as part of ...

Financial MadnessWas the credit crunch as the media called it really caused by the geed and incometence of the banks and the inabiliy of us ordinary punters to manage our affairs. Or was it all due to the financial madness of politicians who engineered a a system that depended on infinite growh in a world of finite resources.
The Debt Threat To Our Way Of LifeJapan's Triple A credit rating has just been downgraded, that of the USA is looking a long way short of secure.What is going on in the world of finance when economic powerhouses like these are in trouble? Is the continuing financial criis and the threatened meltdown in the bond market just a knock on effect from 2008's problems or is something bigger going on?
If The EU Has It's Way We Will All Be Prisoners Of Bureaucracy
The British Parliament makes its decision by the votes of its members who are in turn elected by the votes of a majority of their constituents. Without the power to enact laws that shape the lives of British people and the direction of our nation Parliament is nothing. So when Parliament votes on a proposal and that vote make the new measure law or consigns it to oblivion in a dusty filing cabinet somewhere that is the resolution of the matter. That is what we mean by The Sovereignty of Parliament. Its decisions are ...

Coalition Government Urged To Make PFI Profiteers To Repay FundsFrancis Maude, the Cabinet Office minister, claimed that many PFI deals were "ghastly" and imposed an unfair "penalty" on schools, hospitals and other public services. It is understood that Cabinet Office and Treasury officials are examining PFI contracts worth billions of pounds, looking for ways to claw back money for taxpayers. Signalling an end to the era of PFI, Mr Maude said the Coalition's plans for a ...
Inflation TaxInflation is the cruellest tax, it hits the cautious, prudent and hard working, rewards the feckless, reckless and downright foolish. We have a bout of inflation under way, engineered by governments to reduce their unsdustainable levels of debt incurred in the business of buying otes to stay in power. What will be its effect on ordinary people?
Gambling In The Euro Casino At Vegas on the MedThe Daily Stirer has warned of the collapse of the Eurozone and the death of the single currency before. It was not a hard call to make, tying traditionally weak economies to a strong one like Germany's and thus blocking off the traditional route to eliminating debt in the weak nations, devaluation and inflation, was bound to wreak havoc with the economic basket cases of Southern Europe. The single currency has only survived so long because Germany has been willing to prop it up.
Financial AlchemyFor three decades it was alchemy. Banks and corporations pullede off the equivalent of turning lead to gold by turning liabilities to assets and then using those very dodgy assets to secure loans. It could not last of course, sooner or later someone was bound to work out how the illusion of turning debt to wealth was performed. Find out how here...

Boggart Blog predictions for 2011.
New Year is traditionally the time for predictions. So as 2010 fades into memory we give our Boggart Blog predictions for what will happen in 2011. How confident are we? Let's put it this way, we would rather bet one a one legged man in an arse kicking contest.

New Gold RushThere is great excitement in financial markets at the moment about the price gold currently trades at, $1400 per ounce. Take this from the Daily Telegraph for example:
Investors and central banks are buying up the yellow metal at unprecedented levels, but will its allure last as ...

Papering Over The G20 Cracks Will Not Avert A Currency War.The G20 leaders can pass all the resolutions they like and issue joint statements ''til the cows come home, the fact is we have a currency war and until the United States, owner of the world's reserve currency, the US Dollar stops trying to reduce its debt by devaluing the currency the world trades in and starts to work on getting its deficit under ...

Defending KeynesThe name of a great Englishman, John Maynard Keyes, is being trashed by that jug eared steak of piss and racist hater of all things British Barack Obama in attempts to give the failing Obama administration's loonytoons economics a veneer of sanity. Keynes recommended governments should use publc spending to sustain their economy during periods of recession. He did not say, as Obama's supporters claim he did, that nations already way past the point of bankruptcy should continue with reckless public spending projects.
Rogernomics.

It was the belief of economists (practicioners of the dismal science) in their own infallibility and the power of their mathematical models to override nature that got the world into its currect economic mess. Rogernomics is the science of blaming the previous government when the predictions of the mathematical models go horribly wrong.

Obama Deficit Reduction by John De Roe.
We hear that America's AAA credit rating is likely to be downgraded because the Obama administration has embarked on a courseof increasing its public sector deficit and national debt rather than taking steps to reduce its debt burden. Bit at least some member of the Obama administration seem to have got the message that debt reduction is more important than Obie's beloved vanity projects. Obama Takes A Swipe At China
US president Barack Obama took a swipe at China's currency policy after G20 leaders failed to resolve tensions running high over global trade imbalances.

The summit in South Korea ended as it began, the row over gaps and surpluses which sees China accused of keeping the yuan artificially low to boost its exports at the expense of American and European jobs dominated discussions .

Arrogance of Economists and Politicians
Politicians fulfil the basic requirement for earning a PhD in Stupids, they keep making the same mistakes over and over again. What mistakes? Too many to list really but one of the main ones is they keep listening to economists. Economists are arrogant because each time they say they have fixed the ecomomy a catastrophic economic colapse quickly follows. And after each collapse the economists come back and say, "We're the only people smart enough to fix the economy." And the stupid politicians believe them. But we kep electing the politicians so what does that make us? The Necessity Of Curbing State SpendingThe left, already laughably styling themselves "the opposition" even as Labour splits into tiny factions including the "old left" the traditional party of the working class, the people with traditional Labour values who recognise there are no magical solution, the "progressive left", the kind of people my colleague Ian Thorpe refers to as The Politically Correct Thought Police, who are currently working themselves into a frenzy about
Interesting TimesWhich way will the economic crisis go in 2010? Cracks are appearing in the Europen Single Currency scheme and China which has massive holdings of US treasury bonds is making unhappy noises about the dececit being run up by the Obama administration as they pursue loonytoons economic policies
The 99ers: Death Of The American Dream.
The 99ers are a new social class createde by the economic recession in the USA. This new demographic, not one the advertizing industry will be interested in are jobless people whose unemployment benefit (job sekers in UK parlance) benefit has run out and thus who have dropped off the unemployment statistics. But even for people who are not 99ers times are hard scross the pond ... Magic MoneyNot so long ago politicians and bankers were full of confidence bordering on hubris and they were telling us the good times for the economy could go on for ever. So where did it all go wrong. When did they suddenly realise the decicit was unsustainable? The finance industry blame politicians, politicians blame the finance industry...
Future Is CancelledBoth the USA and Britain are in a debt crisis of public spending that dwarfs the catastrophe of climate change. Other developed nations are crippled by interest payments on their deficits but not completely hamstrung yet. Read how irresponsible government borrowing is dragging us into he abyss... No Real Jobs In The New EconomyGordon Brown's Labour government and the failing Obama administration in the USA, feeling power slipping through their as public sector deficits grow, are trying to lull people into a false sense of security with claims the 'green' and the 'digital' economies will restore prosperity. This as a blatant lie... Property Prices To Fall Again?Despite government eforts to talk up a recovery the economy remains stubbornly stagnant. It is unsurprising really, the UK economy still relies far too much on the housing and property market and with incomes being squeezed and house prices remaining so high they are beyond the reach of first time buyers there is little change of increased activity while unemployment continues to rise. The Real Unemployment Figure
New unemployment figures released yesterday show unemployment fell by 0.1% in the three months December to FebruarY. Contained in the figures was a statistic that undermines government talk of an economic upturn. This is the number of people in work. Headline unemployment has fallen the number of people in work has also fallen. What's going on? Bond Villain Targets Britain's Future by John De Roe.
Bill Gross, the world's biggest bond investor might have voted for Obama hnd has some sympathy for Labour because they talk of creating jobs, but he thinks the British economy is in worse shape than anyone is going to admit and is quite willing to take advantage of our vulnerability." Holy City
Chasing Bubbles

FRAGMENTS: Don't Mess With The Irish

If you liked this, please give it a boost

Bookmark and Share

Close Window and return to menu
News Feeds (Go back to top) <
BBC News
CNN
[an error occurred while processing this directive]
SITE SEARCH
find keywords on this site

Enter keywords& choose search engine:

Google: Yahoo: MSN:

This free script provided by
JavaScript Kit

INFORMATION & NAVIGATION

navigate

navigate

CATEGORIES

Fiction
Animal related
Art Menu
Belief, Faith and Religion
Celebrity mocking and knocking
Climate and Environment
Comedy, Satire, Humour
Debt Crisis and Money Matters
Driven To Drink
Education Menu
Fear and Panic
Health Menu
History - new perspectives
Humanitas
Jobs Crisis
Living Within The conspiracy
Middle East
Nanny State and The Thought Police
Past Perspectives
Philo & Sophia
Politically Correct Stupidity
Fools & Dreamers
Politics and Economy
Latest News Science and Technology
Sex and sexuality
Sport
Weird and Supernatural
SNACKS (sub topics)
The Ageing population
America
Religion and spirituality
Climate Change
Comedy and Humour
Education is overrated
The environment
Europe
Health
Internet Technology
Jobs and employment
Money and finance
Myths and traditions
Nanny Orwell
People and Places
Science, technology
Society
UK politics
War
World Politics

Our Internet Places
Scribd
Blogster
Ed Butt at Bubblews
Wikinuts
Boggart Blog
Little Nicky Machiavelli
Boggart Network News
Greenteeth Bites
Greenboggart
Boggart Blog Central
Daily Stirrer briefing
Boggart Network News
BOGGART BLOG ARCHIVES
BBselect001
BBselect002
BBselect003
BBselect004
BBselect005
BBselect006
Bubblews Archives
[ 1 ] [ 2 ] [ 3 ] MULTI MEDIA
Spoken Word
Video
Music
Graphic Art

Home
Top Of Page
Back Catalogue
Our Comments
FEATURESThe Daily Stirrer
Boggart Blog Central

Comedy Main
Comic Verse
Cartoons
A Tale Told By An Idiot
General
Fiction
History
Thought
Poetry
Science & Technology
Elsewhere

Boggart Blog Daily
Little Nicky Machiavelli
This writer at Authorsden Gathering
Delicious Greenteeth
Boggart Network News
Boggart Network News

More From Around The Labyrinth

LATEST POSTS & COMMENTS

Kent Council Turns Retirement Home Next Door to School into Asylum Centre
In a move that echoes actions in Sweden and Germany which have displaced citizents from their homes to make way for 'asylum seekers' (foreign criminals), illegal immirants who make it through the tunnel or manage to stow away on ferries are to be housed in a former old peoples home which Kent county council originally closed because they said it would be too expensive to maintain.

Czech President Blasts Migrants: ‘Nobody Invited You Here’
The President of the Czech Republic told illegal immigrants (not refugees or asylum seekers) arriving in the country they must respect the country’s laws and customs or leave, telling them: “Nobody invited you here.”

Pointless
A young couple who climbed up a suspension bridge near Frankfurt to watch the sun rise prompted a major rescue operation when passers by reported

The Name Is Pronounced Nivea
The latest fashion in America is girls called Nevaeh. Virtually unheard of five years ago, the name – “heaven” spelt backwards – has become the 70th most popular name for baby girls in the country last year.

Financial Fraud: Market Rigging By Any Other Name
Over the past twenty years we have hasd many financial scandals, the dotcom bubble, misselling of investments, toxic debt, derivatives trading, maket rigging and interest rate rigging. A lot of the software used by these trading systems was developed with the intent of facilitating fraud.

Warring Migrant Tribes, Street Shootouts, Grenade Attacks, Government Says Its Multiculturalism?
"Sweden, that's where they commit suicide and the king rides a bicycle," a character in an Alan Bennet play famously said back in the 1980s, a reference to Sweden's reputation as the most boring country in the world. That reputation has long gone, thanks to 'enlightened and progressive' immigration politicies, the elegantstreets of Sweden's gothic styled cities are now more like Chicago in the Al Capone era.

Warring Migrant Tribes, Street Shootouts, Grenade Attacks, Government Says Its Multiculturalism? WTF Is Going On In Sweden?
"Sweden, that's where they commit suicide and the king rides a bicycle," a character in an Alan Bennet play famously said back in the 1980s, a reference to Sweden's reputation as the most boring country in the world. That reputation has long gone, the elegant streets of Sweden's gothic styled cities are now more like Chicago in the Al Capone era. Scandinavia's biggest nation state is in the grip of a terrifying crime wave instead ...

Banks want us all to have 'tap and pay' cards... even though they're a criminals wet dream
Unfortunately while the banks and tachology giants have been ironing out problems with contactless payment technology (like its habit of doing your good deed for the day by paying for other people's stuff), the crooks have been forging ahead with non-accidental ways to rip off your card. Thieves can easily steal key data from contactless credit and debit cards using equipment bought "easily and cheaply" online, consumers magazine Which? has warned UK consumers.

Gay Rights Lobby Calls for Ban on LGBT Therapy After Finding Hundreds of Health Workers Believe in a Cure The Daily Stirrer has noted many times that sheeple on the left of the political spectrum get very confused on finding not everybody agrees with their world view. but rather than accept they are bigots they turn on those who dissent. No surprise then that gay activist working in the NHS are turning on African, middle eastern and east Europan colleagues who believe homosexuality is a sin.

Has Nasa found another 'Earth' in corner of Milky Way?
The science clowns are going off their heads again, getting over-excited about the 'discovery' by the Kepler project of Earth 2, an earth like planet that it would only take twenty million ryears to reach in our fastest spacecraft id. What planet do these do these idiots live on?

So Who Are The real Racist Bigots - Those Who Have Opinions or those who would abolish free speech?
Since we began publishing in 2009 we have warned that the real enemies of freedom, the ones who would turn certain sectors of the community are not the conservatives and libertarians, but those who try to mask their fascistic politics by calling themselves left, liberal or socialist. If you want to know what socialism is really all about read up on Stalinist Russia or Maoist China and if you want a comparison for the 'liberal values of Labour and Social democrat voters in Europe or American democrats, look no further than the medieval Inquistion and their brutal purges of 'heresy'.

Pissed Off Locals In Europe Torch Refugee Centres To Resist Enforced Placement Of Immigrants

Citizens in Germany and Italy have taken to burning the resettlement centres in their communities designated to provide accommodation for people who have crossed the Mediterranean to enter Europe illegally.

Riots In Athens As Betrayed Greeks Take Back

Democracy
A converted country inn, forced to close due to punitive EU taxes and restrictive laws, then renovated at taxpayers expense for use by illegal migrants has been burned down in Reichertshofen, Germany after locals discovered it was being prepared to become refugee accommodation.

The Day The EU Died - Destruction Of Greece Shows True Fascist Nature Of The European Project Some inside information on the political stitch up that has turned GreeThe Day The EU Died - Destruction Of Greece Shows True Fascist Nature Of The European Projectce into a vassal state and humiliated the Greek people for the purpose of furthering the neo-Fascist 'ever closer union' agenda of the bureaucratic dictators in Brussels.

The Bansturbator Diaries - Ban Everything And Tax It Too
Red Meat, fast food,, Pies, Pizzas, Cigarettes, Alcohol, and now sugar. The fun fascists are on the rampage everywere. Is there anything we can do to stop them? Yes. all we have to do is ignore them, especially the ones who try to claim some kind of authority by using the word 'science' far more than is necessary.

Spain Goes Full Police State; Government Enacts Law Forbidding Dissent, 'Unauthorized' Photography Of Law Enforcement
Spain is now a police state again. On July 1st, its much-protested "gag" law went into effect, instantly making criminals of those protesting the new law. Not since the death of General Franco has free speech been a crime in the country.

TTIP in the EU: Rejecting Democracy
Trade deals have traditionally been about lowering particular tariffs for imports and exports of goods from one country to another. Trade is not as simple as that any more and for TTIP tariffs are a tiny part of the negotiations because tariffs between the EU and US are virtually non-existent these days. Trade in TTIP is about issues that are relevant and important to us all: from which services are publicly provided, to the safety of the food on our plates

Greece, Monetary Union and Europe - Omnibus
The Greek financial meltdown and inevitable exit from the European Monetary System (Euro) and possibly the EU may be staved off a little longer but will happen. If the burden of Euro membership can wreck strong economies like France, Austria and The Netherlands, how can a basket case like Greece ever cope.

Hackers Hacked - Government Ties Exposed
An Italian company develops hacking tools for government security agencies itself became the target of a hacker attack, resulting in its internal documents being leaked online and its deals with numerous governments being exposed.

Four Converging Crises Could Destroy Europe
Four great crises around Europe’s fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades. The EU’s unity, solidarity and international standing are at risk from Greece’s debt, Russia’s role in Ukraine, Britain’s attempt to change its relationship with the bloc, and Mediterranean migration.

Oregon bakery that refused same-sex couple owes $135,000 in damages
This page started by looking as a case of personal liberty versus gay fascism in Belfast, Northern Ireland but looks set to spread in all directions. While the Belfast Gay Cake case was, to the best of our knowledge, the first of its kind in Britain, there have already been a number of high profile cases in which the authorities have deemed that gay bitchiness trumps the civil rights of straight people,

Troika Is Manoeuvering To Rig The Greek Referendum
According to Greece's finance minister Yanis Varoufakis, the troika, the IMF, European Central Bank and EU Commission is planning to rig the outcome of the Greek referendum on whether to accept further austerity measures in return for bail out cash

Ending the Ownership of Money
It must be common knowledge by now that some of the world’s most economically powerful nations are insolvent due to the burden of sovereign debt. These economies are held together through by the faith of citizens and businesses in the currency. If that faith evaporates, the leading economies will crash as voters realise the only thing underwriting the economy is debt.

Climate Change: Physicist Asks Is a Deadly Ice Age on the Horizon?
The last ice age ended approximately 12,000 years ago, and since then we’ve been enjoying a pleasantly warm “interglacial period.” But given that an interglacial may last only 12,000 years, we’re confronted with a scary prospect: Another ice age may be nigh.

Government Paid Trolls Are Using 'Psychology-Based Influence Techniques' in Social Media
Have you ever come across someone on the Internet that you suspected was a paid government troll? Well, there is a very good chance that you were not imagining things. Thanks to Edward Snowden, we now have solid proof that paid government trolls are using “psychology-based influence techniques” on social media websites such as YouTube, Facebook and Twitter.

Zuckerberg reveals Facebook Working On Apps 'Smarter Than Humans'
In an online Question and Answer session this week Facebook supremo and founding megalomaniacal sociopath Mark Zuckerberg announced that his company is engaged in building AI systems "that are better than humans at our primary senses."

Boko Haram attack on Nigerian village leaves nearly 100 people dead


According to eye witnesses nearly 100 people have been killed in an attack on mosques and houses in a village in north-eastern Nigerian by suspected Boko Haram militants, news feeds reported today (2 July 2015).

Sleepwalking Into Another Middle East War To Make Obama Look Good
Watching the news feeeds, we see The United States has blocked attempts by its alleged Middle East allies to fly heavy weapons directly to the Kurds fighting the Islamic State jihad in Iraq.

War, Famine, Plague and all that
It is no secret that “news” media in the developed world is owned by a few corporate empires whose ultimate owners' are financial operators whose reach extends into manufacturing, extraction industries, big agriculture and food,

The Day the Earth Died - And Why The Green Lobby Did Not Raise A Whimper In Protest
By selling their votes in return for pledges of government spending in their states the current crop of US Senators have effectively transformed their nation from a representative democracy to a dictatorship in which the President can make law on a whim.

Artificial Intelligence: Will It Kill Human Society?
The media, the so called 'experts' and politicians hail every technological advance as if it will btransport us from reality to a utopian paradise. but does Artificial Intelligence and related internet and computer technology pose theats to human society that far outweigh any possible advantages? Whateve, Google plan to put machines in our place on top of the food chain.

City of Berkeley to require cellphone sellers to warn of possible radiation risks
One of the fist themes of this blog was that mobile phones (and wi-fi etc.) do pose a risk to health. Here's the latest admission that the sceptics voices were right, from The Guardian

Have US tactics only helped to make ISIS more powerful?/b>
We have questioned the US led efforts to defeat ISIS in the middle east many times, pointing out that every time the western alliance steps up opposition to the establishment of a news Islamic Caliphate, Islamic State seem to get stronger. 'Conspiracy Theorists', our critics yell. So let's look at opinion from around the world that concurs with ours.

Refugee host school in Germany bans revealing clothes
We have asked before and no doubt will again, when the citizens of a nation are constantly asked to give up their freedoms and change their behaviour in order to avoid offending new arrivals from medievalist cultures, whose effing country is it anyway.

More Violence In Malmo As Community Centre Burned
27 'youths' arrested after shootout in RosengÄrd
More trouble in Sweden as the ruling elite's determination to had the country over to lawless gangsters and tribalists from barbaric third world cess pits sees violence and inter - tribal conflict continue to increase in the once peaceful suburbs of Swedish cities.

Refugeee Host School In Germany Bans Short Skirts As They Wind Up Muslim Boys
We have asked before and no doubt will again, when the citizens of a nation are constantly asked to give up their freedoms and change their behaviour in order to avoid offending new arrivals from medievalist cultures, whose effing country is it anyway.

How Ironic That Humourless Warmageddonists Will Not See The Irony
I've lost count of how many times this blog has highlighted the extraordinary consistency with which politicians and scientists working in concert manage to achieve the exact opposite of what they are aiming for. One might be tempted to think that the first step in proposing a scientific solution to any problem is to first understand what harm the unintended consequences of your solution might cause.

Saying The Unsayable
Watching BBC Question Time last Thursday, I was struck once again by the way it was left to one of the stock hate figures of the left, Melanie Phillips, to actually pronounce the great, clunking truth that the online activities of left wing hate mobs have rendered unsayable.

Mediterranean Boat People Crisis Threatens European Identity
As European leaders gathere for a summit meeting on the Mediterranean Immigrant crisis, Italy's Matteo Renzi has warned that Europe must find a solution to the ever increasing flow of migrants from third world locations or risk losing its identity.

Saying The Unsayable: Today, Melanie Phillips
Watching BBC Question Time last Thursday, I was struck once again by the way it was left to one of the stock hate figures of the left, Melanie Phillips, to actually pronounce the great, clunking truth that left wing hate mobs have made unsayable.

Russia Outmanoeuvres the west again
While mainstream media (and even some of the more rabidly fascistic left wing bloggers) have been trying to demonize Russia as a way of drumming up public sympathy for Barack Obama's efforts to start a shooting war with Moscow, we Boggart Bloggers and ...

America and UK Lead the World in Climate Scepticism Several times now it has looked as if the climate chance scare was over as the enthusiasm of climate scitentists for changing real world data to fit in with the predictions of their mathematical models has been exposed. But as the scare was never about the environment, but was a scam to redistribute wealth from rich to poor countries, the politicians are throwing their propaganda budgets behind it again.

Sham Marriages To Beat Immigration Laws Are Out Of Control
With main immigration news on being dominated by the Mediterranean boat people crisis and the masses at Calais hoping to stow away in a freight container, we forget that another way of getting somebody into the country is the sham marriage. Numbers involved may be small, but it is another indication of our governments' failure to address the immigration problem.

Mediterranean Immigrant Composite
The flow of undocumented migrants from Africa trying to cross the Mediterranean from the coast of Libya to Italian, Greek and Maltese territory seems unstoppable. Two factors in the problem however have been western (particlarly American meddling in the internal affairs of African states, and wester aid leading to a population explosion national infrastructures are unable to cope with. And of course European leaders haven't a clue how to deal with the problem.

De-Dollarization Du Jour: Russia's Largest Bank Issues Yuan-Denominated Guarantees
Leading the charge to multipolarity and de-dollarization are Russia, resugent despite economic sanctions and the rising superpower in waiting, China. The downgrading of the dollar is clearly demonstrated in the launch of the BRICS bank and the establishment of the AIIB.

Older Posts index