November 17th, 2010

Conspiracy Beanfest and QE aka Inflation

Environmentalism is Facism
Cahill's Who Owns The World By William Walter Kay
Land economics, in particular the realm of the land magnate, are evidently topics too sensitive for public scrutiny. However, every environmental issue, from global warming to biodiversity loss, can be understood only in the context of the political economy of landownership. This abridgement deals with who benefits from environmentalism.
Kevin Cahill’s Who Owns the World is too dilettantish, eccentric and polemical to pass as a library reference text on landownership. Nevertheless, Cahill wins by default as no one else had the temerity or insight to broach this subject on the grand scale.
While Who Owns the World circumnavigates the globe, this abridgement crops the text down to those countries forming the home-turf of environmentalism: Western Europe and the English-speaking world. /the review is here.

Is American Public About To Toss Israel?
The American Public Opinion and U.S. Foreign Policy polling unit, that works on behalf of the Chicago Council on Foreign Relations has argued that the American opinion shift accelerates with each perceived Israeli outrage such as the saturation bombing of much of south Lebanon and south Beirut during the July 2006 war, the massive civilian slaughter, more than one-third women and children in Gaza during the winter of 2008/9, the May 2010 murders and carnage committed against the Mavi Marmara, including the assassination of 19 year old American Furkan Dogan, and the cumulative effect of a half century of Geneva Convention and international law violations by Israel against occupied Palestine and Lebanon.
Some opinion analysts, like the 2009 Zogby International poll of American attitudes toward Israelis and Palestinians, express surprise with what they are learning from the American public and detect significant changes in American public attitudes favoring US disengagement from Israel.

The Baghdad Cathedral Massacre: Zionist Fingerprints All Over [The tone of this article reduces the value of the evidence presented.]
Prior to the fascist, destructive, genocidal US-UK-Israeli occupation of Iraq, Sunni and Shia, Muslims and Christians, Arabs and Kurds lived together in a harmonious atmosphere of brotherhood and unity that paralleled that of occupied Palestine before the Zionist occupation in 1948. It is egregious, disgusting, despicable, ignorant, absurd and erroneous on every factual basis to assert that the aforementioned ethnic and religious groups are now massacring each other, when in reality, they are being massacred by the murderous occupation armies.
Dividing Iraq via partition and driving it into a hell of ethnic cleansing was a Zionist plot that was originally designed in 1982 by Israeli foreign policy advisor Oded Yinon (1). The policies for destabilizing Iraq were reestablished in the 'Clean Break' papers written for mass murderer Benjamin Netanyahu by Zionist spy Richard Perle and several Zionist war criminals including Douglas Feith, David Wurmser, Meyrav Wurmser and Robert Loewenberg (2). Agents of the international terrorist group known as Mossad have been operating in Iraq as early as the 1950s, when the Zionist entity engaged in a false flag campaign of terror against the Iraqi-Jewish community (3). It has always been the absolute goal of the illegitimate usurping entity to destroy Iraq as a nation, so it can bring its 'Greater Israel' dream to fruition, settling its colonial extremists on the banks of the ancient Tigris and Euphrates rivers.
The bloody travesty of humanity that occurred on October 31st, 2010 which left 58 Iraqis dead in the Sayedat al-Najat Cathedral in Baghdad (4) was not the work of Al-Qaeda. The gunmen didn't belong to Islamic State of Iraq. The homicidal shooters weren't even Iraqi. The best way to honor the victims of senseless violence is to expose the truth of the attack. And the truth is, this massacre has Zionist fingerprints all over its blood-drenched structure.

Timetable Abandoned: U.S. And NATO To Wage Endless War In Afghanistan
On October 25 Edmund Whiteside, North Atlantic Treaty Organization Council Secretary, spoke at Concordia University in Montreal, Canada, and according to the local press said, "Expect the war in Afghanistan - the longest military engagement in both Canadian and American history - to continue for a 'very long' time." In his exact words, "Afghanistan will be a very long military venture."
His position will be confirmed at the NATO summit in Lisbon, Portugal next week, as will a major commitment demanded by the U.S.-dominated military bloc's new Strategic Concept to be adopted at the meeting: The retention of nuclear arms in NATO's arsenal and the continued stationing of American nuclear bombs in Europe. Whiteside also argued: "Canada says that it doesn't need ballistic missiles. But Canada is part of a nuclear policy alliance. There's no getting around that...."
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Quantitative Easing Explained  [Creating money out of thin air]
 
 

How In The World Did We Get To The Point Where The Federal Reserve Is Printing Money Out Of Thin Air Whenever It Wants?
Ben Bernanke and the rest of the folks over at the Federal Reserve did not just wake up one day and decide that they wanted to start printing hundreds of billions of dollars out of thin air.  The truth is that the economic forces that have brought us to this point have taken decades to develop.  In the post-World War 2 era, when the U.S. economy has fallen into a recession, either the Federal Reserve would lower interest rates or the U.S. government would indulge in even more deficit spending to stimulate the economy.  But now, as you will see below, both of those alternatives have been exhausted.  In addition, we are now rapidly reaching the point where there are simply not enough lenders out there to feed the U.S. government's voracious appetite for debt.  So now the Federal Reserve is openly printing hundreds of billions of dollars that will enable them to finance U.S. government borrowing, and (they hope) stimulate the U.S. economy at the same time.  Unfortunately, the rest of the world is not amused.  Nations such as China, Japan and many of the oil-exporting nations of the Middle East have accumulated a lot of U.S. dollars and a lot of U.S. Treasuries and they are not pleased that those investments are now being significantly devalued.

So how did we get to this point?  Why is the Federal Reserve printing money out of thin air in a desperate attempt to stimulate the economy? /read on

Europe stumbles blindly towards its 1931 moment

It is the European Central Bank that should be printing money on a mass scale to purchase government debt, not the US Federal Reserve.

Of inhuman bond spread (Economist)
Sovereign bond spreads for Portugal, Ireland and Greece point towards trouble
CAN Portugal, Ireland and Greece get through the latest spikes in their bond prices without some help from Brussels, or from the IMF? Attention has been focused on Ireland since the sharp movement in markets at the end of last week. The Irish government points out that its expenditure is fully funded until the middle of 2011, so it has no need to tap bond markets yet. Its preference is to pass a budget on December 7th and hope that markets then calm down. Ireland at least has some good news to balance against the bad: both foreign direct investment and industrial production are up sharply. Greece and Portugal have no such bright patches to point to. On November 15th Eurostat, the European statistics agency, revised Greece's budget shortfall for last year up to 15.4%.


 
In the comments-
jonathanseer wrote: The illogical, irrational desire to stay within the Euro zone instead of leaving it and allowing a national currency to depreciate and jump start to their economies is an example of utter insanity that claims the otherwise rational and sensible European mind in times of duress.

Greek rescue frays amid Irish crisis
The eurozone bail-out for Greece has begun to unravel after Austria suspended aid contributions over failure to comply with the rescue terms, catching markets off-guard. 
The clash caught markets off-guard and heightened fears that Europe's debt crisis may be escalating, with deep confusion over the Irish crisis as Dublin continues to resist EU pressure to request its own rescue.
Olli Rehn, the EU economics commissioner, said escalating rhetoric in Europe was turning dangerous. "I want to call on every responsible European to resist the centrifugal tendencies and existential alarmism."
Swirling rumours hit eurozone bond markets, while bourses tumbled across the world. The FTSE 100 fell 2.4pc to 5681.9, and the Dow dropped over 200 points in early trading. The euro slid two cents to $1.3460 against the dollar as the US currency regained its safe-haven status.
Austria's finance minister Josef Proll said he was "very critical" of Greece's performance, saying Athens had failed to meet the tax revenue targets agreed under the EU Memorandum.
Credit default swaps on Greek debt rocketed 97 basis points to 950 as investors woke up to the awful possibility that the EU could turn its back on Athens, which will run out of money by mid-January without loans. A Greek default would trigger $300bn (£188bn) worth of CDS contracts.
A 'Troika' of EU-IMF inspectors is currently in Greece but has not indicated whether the next €6.5bn (£5.5bn) tranche will be approved. German influence is crucial, yet Greek premier George Papandreou courted fate on Monday when he accused Chancellor Angela Merkel of driving the weaker EMU states into bankruptcy by scaring investors with talk of "haircuts".
[Which begs the question how did we arrive at a situation where a currency is so fragile a few words can screw it? The bank clerks in the european commission have a lot to answer for.]

[When consuming the pie one starts with the crust around the edges]


In a call for a world currency, R. Bootle bats for the global gov't wannabes with the logic that gold has problems. He fails to explore other commodies with less instability nor does he explore that gold would stabilise, perhaps fall in price were sufficient countries to adopt a gold standard to support their currency. The banksters' argument is that we have to have inflation to cause growth which is of course bollocks. The only reason is for banksters to profit, they win by lending in good times and by harvesting loan securities in bad times. Stable currency is anathema to banksters.

At least we seem no nearer to falling for the gold delusion
But there are four powerful arguments against. First, while the Gold Standard helped to sustain long-term price stability, it did not achieve anything like price stability in the short run. In 1822, the UK experienced deflation of 14pc. Yet by 1825 this had given way to inflation of 17pc.
Second, the idea that gold offers a guarantee of stable money values in the long run, and therefore supports confidence and long-term decision-making, is a delusion. In the past, countries were committed to the Gold Standard, which was widely expected to last forever. But we now know that gold can easily be replaced by a paper-based system. Once the genie is out of the bottle, it cannot be put back in. This means that there is no reassurance from relying on gold in the first place.
Third, it is a fallacy to think that a return to a system based on gold would end financial instability. The 1920s asset boom, and the crash of 1929 which followed, occurred while the US was on the Gold Standard. Similarly, the supposedly halcyon period of 19th century Britain was marked by frequent panics and financial crises. Even with gold at its base, the financial system consisted of an extensive structure of financial assets and liabilities, and was accordingly just as prone to booms and busts as our current system.
Fourth, the world's supply of gold tends to rise at a much slower rate than the trend growth of real and financial activity which would govern the demand for it. This means that the system would display a marked deflationary bias.
The world certainly needs a new international economic and monetary regime to replace the bedlam which currently threatens a return to the 1930s. Such a regime would place symmetric obligations on surplus and deficit countries to adjust. And it would replace the liabilities of a single country with an internationally issued and managed currency.

A first step in the direction of stability is to end fractional reserve banking that is the (illegal) creation of money from thin air by deposit multiplication that is a scam practised by most banksters around the world. A second step would be to issue debt free currency but the yellow backs in power won't risk a Kennedy/McFadden/Harding/Garfield/Lincoln type execution.
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Big Sis Caught Lying To American People
In a blatant propaganda piece published by USA Today, Napolitano describes the scanning machines as safe and the pat-downs as “discreet”, in the face of a flood of complaints from scientists, pilots, flight attendants, privacy groups, parents, Muslim groups and everyday passengers, all rebelling against over the top security.
“AIT machines are safe, efficient, and protect passenger privacy.” Napolitano writes in an article in which every single claim she makes can be easily disproved and revealed to be outright lies.
Big Sis Caught Lying To American People
Lie: The scanners are safe
“They have been independently evaluated by the Food and Drug Administration, the National Institute of Standards and Technology, and the Johns Hopkins University Applied Physics Laboratory, who have all affirmed their safety.” Napolitano claims, expecting the public to simply swallow the claim that NIST and the FDA are somehow “independent” of the federal government.
As for Johns Hopkins University declaring the scanners safe, tell it to Dr Michael Love, who runs an X-ray lab at the department of biophysics and biophysical chemistry at the Johns Hopkins school of medicine. Love told AFP two days ago that “statistically someone is going to get skin cancer from these X-rays”.
“…we have a situation at the airports where people are so eager to fly that they will risk their lives in this manner,” he added. /more

The Police State is The Real Threat Against America [and the UK / Europe]
[...] A revolution in America is not far away. Whether it will be peaceful or violent depends on how the rotten Establishment in Washington responds to the American people’s calls for new political and economic reforms. So far, they are not responding like intelligent statesmen, but like criminal tricksters. They know that the existing order can only be maintained by brutal violence and repression, as deception has run its course.
The current talk in Washington about deficit reform directly targets Social Security and Medicare but deliberately ignores the reality that Wall Street looted the country and must be punished, and that the trillion dollars wars in the Middle East should never have been waged. Such talk proves that there are no visionary leaders in Washington, with the exception of Dr. Ron Paul, who are courageous and intelligent enough to lead the country out of the dark abyss into which it has fallen, and avert an incoming political cataclysm.
The press has the opportunity to change America peacefully, and bring the criminal traitors in Washington to justice by directing public light at the deep-state’s monumental corruption, deception, and crimes. Hopefully Ventura’s odyssey into the dark heart of Washington will encourage and inspire others in the press to enlighten the American people about how their government was taken over by a cabal of evil criminals and traitors./full story

Conspiracy Theory With Jesse Ventura: Police State
It’s been said the government has a plan to declare martial law and round up millions of United State citizens into concentration camps. Jesse may have found a conspiracy in plain sight as he investigates the proliferation of law enforcement Fusion Centers around the country. And they may be connected to hundreds of detention centers ready to accept prisoners at the stroke of a Presidential pen.

http://www.youtube.com/v/c4MwqgO7lQU?fs=1&hl=en_GB
http://www.youtube.com/v/jruJ40xT8kQ?fs=1&hl=en_GB
http://www.youtube.com/v/7z_DzAI_iXQ?fs=1&hl=en_GB

From comments:
funch Says:
November 16th, 2010 at 6:20 am
Hey, I`m from Denmark, and i just wanted to say, that it just came out, that the US embassy has spy rings in Denmark, Sweden, Norway and Finland.. and our goverment will not ask for an investegation into the spy rings..
The US is spying everywhere..
In German television,(can`t remember the channel), they just had a segment, about Denmark, how Denmark is turning into a police state, AND WE ARE, the police can stripsearch you whereever you are, and now the goverment ask people to call your local goverment, if you have suspicions against your neighbor, or others, and the govertment also want housescanners, and offcourse the naked bodyscanners are already here..


The Real Pyramid of Power

Geraldo Realizes 9-11 Could Be an Inside Job
Comment: You know you're in the Twilight Zone when Fox News sheds light on the most taboo topic in the US media. Watch as one of America's most famous talkshow host throws some crumbs of truth to the starving US masses..



Pentagon Strike

Also see More info on WTC 9/11 twin towers demolition

Connecting the Dots Series

David Icke's place
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Etcetera
Current velocities of the Gulf Stream

Eco fascist news, politics and science, CCNet news tips

Events of the past year have finally buried the notion that scientific predictions about future climate change can be certain or precise enough to force global policy-making.
In the alarmist bastion The Guardian no less. The first few crumbs of humble pie consumed?
The year climate science was redefined - Mike Hulme
The 12 months since the leaking of emails written by climate change scientists have seen major shifts in environmental debate
How has the climate change story changed since then? And how important was "climategate" in catalysing this change? I believe there have been major shifts in how climate science is conducted, how the climate debate is framed and how climate policy is being formed. And I believe "climategate" played a role in all three.

Voters Want to Save Planet from Attempts To Save Planet
[...] The Waxman-Markey bill worried the electorate more than global warming itself (and quite rightly so), and contributed to the loss of more than two dozen of its supporters in the House of Representatives.

Citi Investment Research & Analysis: The €1trn Euro Decade - Revisited
# What has changed? — A year ago we looked at the extraordinary capex demands being faced by the Utility Sector in the decade to 2020 as it tries to meet the enormous costs of government imposed environmental regulations and embark upon large scale asset replacement cycle. One year on - what has changed?
# The Cost has risen — Last year we estimated the total capex required of the Utility sector to meet environmental standards and replace / renew assets in the five major EU markets in the coming decade was €800bn. One year on our estimate has risen by 17% to €938bn.
# Risk is up — Events in Spain and Germany over the summer have substantially increased investor perception of political risk in the Utility sector in our view. This is very damaging where Utilities make large investments to meet govt environmental targets. Much of this investment is non-commercial and relies upon subsidy. Confidence that govt policy will remain consistent is crucial.
# Woeful sector performance — Since March 2009 the European Utility sector has underperformed the wider market by 26%. Of particular worry to policy makers should be that the underperformance has been concentrated in the large cap generation based Utilities – the very same companies who are expected to do most of the heavy lifting on the capex front. /continues

Full study available from: peter.athertonATciti.com

We Need Carbon Tax - To Prevent Terrorism
New York Mayor Michael Bloomberg said Tuesday that he’s in favor of a carbon tax –- a view not shared by many political leaders of either party in Washington.
Bloomberg, speaking to a group of chief executives at the Wall Street Journal CEO Council, said the U.S. needs to reduce its dependence on foreign oil if “you want to stop sending your money to…terrorists.”
The answer: “We need a carbon tax,” he said.
Ass. Yanks need to drill more and subsidise conversion of more vehicles to dual petrol/gas systems. Many NYers believe Bloomberg is a destructive sell-out because of his counterproductive policies and support for the ground zero mosque, supposed as propaganda to encourage acceptance and islamic financial assistance for his company's middle east expansion policy. One can only wonder what profit he derives from CO2 tax.

A Letter from London
This is a guest post from Roddy Campbell who coincidentally shares many of my views on energy. It’s an empassioned essay on where the best use of energy dollars, or pounds rather, would be. The post is written in the context of UK events, but applies  equally to the US.  What’s more, I think that if properly understood, the concepts expressed below make sense even without climate change. Enjoy, It’s a good one
"The Conservatives have offered the Liberals a ‘low-carbon economy’ as part of their coalition deal.  This probably means more subsidies for solar, wind, biomass, feed-in tariffs, ground-source, and higher electricity prices.  Success or failure will be measured either as absolute CO2 emissions, or as the carbon intensity of the economy, with unintended consequences unaccounted for.  Is this a good idea, what CO2-emission bang for the buck does it provide, and does it make a difference to our environment and the planet?" /continues

WSJTV on the AGU balance 
The American Geophysical Union is putting together a bank of scientists to advise journalists on global warming. Anne Jolis of the Wall Street Journal wonders why it doesn't appear to include any sceptics.

German Scientist: CO2 Not The Cause of Climate Change – Cold Period Is Anticipated
The European Institute For Climate and Energy (EIKE) released a paper today written by German physicist Dr. Horst Bochert. The paper reveals a clear relation between solar activity and ocean cycles, and thus act as the main climate drivers. Measured data shows no CO2 impact on climate.

Intensified El Niños in the Central Equatorial Pacific: Are they caused by global warming? ... or do they contribute to it? [Think trade wind direction/strength influenced by stratospheric air currents, ozone and UV that varies evaporation and so cloudiness.]

Sea Life Flourishes in the Gulf
The Great Oil Spill Panic of 2010 will go down in history as mass hysteria on par with the Dutch tulip bubble.
The catastrophists were wrong (again) about the Deep Water Horizon oil spill. There have been no major fish die-offs. On the contrary, a comprehensive new study says that in some of the most heavily fished areas of the Gulf of Mexico, various forms of sea life, from shrimp to sharks, have seen their populations triple since before the spill. Some species, including shrimp and croaker, did even better.
And meanwhile, the media has greatly exaggerated damage found in studies about coral, which is in some ways more vulnerable to oil and dispersant. Most of it is doing fine. /read on

Arctic Temperatures Below Normal Steve Goddard

http://ocean.dmi.dk/arctic/meant80n.uk.php

This has been the coldest autumn in the high Arctic since 2004, after the coldest summer on record.
Hansen’s claim that it is the “hottest year ever” are based on his imaginary Arctic temperatures.

Green Global System Integration, Joint Ventures, and Partnerships: How Renewable Energy Accelerates Globalization & Reduces Energy Independence
Many private investors and financial institutions are betting on who will win the green race, but contrary to how our national leaders and media outlets make things appear, they are not wagering on countries: not the U.S., not Germany, not China, and not South Korea. Even though there is a nationalistic slant to the way we frame green energy as a race between nations, it’s all a fictional bubble that no country can win.
To understand why this is true, we must exit a dream similar to how Neo in the movie, “The Matrix,” chose the famous red pill; after ingestion, he escaped the machine-created fantasy and experienced reality for the first time. Like Neo, let us escape the media and nation-created fantasy and experience the reality of green energy and globalization. Follow me, swallow the red pill, and escape through the sequence of logic outlined in these four steps:
Recognize that companies win in the market place, not nations or their people

Accept that despite a local company’s best efforts to develop its own technology, it must integrate core technology and components into its final product from diverse foreign partners due to the cutting-edge complexity of green energy

See that this systems integration-requirement spawns transnational partnerships and joint-ventures (JV), which reduces national borders and accelerates global financial and production-network integration

Awaken to a reality where global economic connectedness binds economies into one unit, thus creating a single common energy security fate for every country regardless of their national energy mix: making self-reliance impossible without returning to the stone age
/ continues with Escaping “The Matrix”

Constructal GDP (Willis at WUWT)
Concludes;
Lack of energy doesn’t merely hinder or slow or delay development of poor countries as I had thought.
It puts an absolute ceiling on development.
Given the number of people in the world living on a dollar a day or so, that’s a discouraging insight in the context of the current AGW war on fossil fuel energy.
(Also see Willis' earlier article The Constructal Law of Flow Systems)
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CCNet newsletter edited by Dr Peiser of the GWPF recommends reading;

Greek PM Expresses Support for Sarkozy's Carbon Tax - People’s Daily Online, 15 November 2010

EU Under Siege As Portugal Hits Panic Button - The Daily Telegraph, 16 November 2010

Greek MP Warns Nations May Be Pushed To Bankruptcy - EuroNews, 16 November 2010

Sarkozy Kills French Super Environment Ministry “Medad” - P Gosselin, NoTricksZone, 15 November 2010

Issa Downplays Prospect of Oversight Committee ‘Climategate’ Probe - The Hill, 15 November 2010

David Henderson: Climate Change Issues - New Developments In A 20-Year Context -Royal Economic Society, October/November 2010

Dalibor Rohac: As Kyoto Plan Collapses, Carbon Tax Promoters Emerge - The Washington Times, 13 November 2010

London Today: Pielke-Peiser Debate: The Climate Fix? What should the government subsidise? Renewables, R&D, or neither? Legatum Institute, London, Tuesday, 16th November 2010

And Finally: Deutsche Bank, Al Gore And The $10 Billion Climate Fund - Frankfurter Allgemeine Zeitung, 10 November 2010

[Deutsche banksters employ such climate propheteer remarkables as Oxburgh and warmist APS POPA chairman Socolow]
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UK pledges £7bn for Irish
George Osborne says Britain "stands ready" to back EU bail-out.

Bail-out of several state banks. Curious, which bankster will George borrow the £7bn from?

Euro crisis: Britain needs to prepare for an economic dark age next door
The crisis in the eurozone shows why this country must widen its horizons, writes Simon Heffer.
On a shimmering day last June, I was talking to one of our most intelligent diplomats about the future of the euro. He told me, matter-of-factly, that there would be a serious crisis again before Christmas, and he suggested that it might not even survive in its present form. He has been proved right about the first point. Whether he is right about the second is anyone's guess, but if the markets have their way, he will be.
Privately, those who understand the workings of the European Union, but who can manufacture the right amount of detachment about them, admit that the iron façade of common purpose in the European project is starting to creak and rust. For years, a series of pretences has been entered into by dreamers of the European dream about the union's ability to advance as one entity. It has become worse since the inception of the single currency, of which this country is not, thank heaven, a member.
The club pretends (or sought to pretend: it is now wearing a bit thin) that the great disparities between, say, an economy like Germany's and one like Ireland's or Portugal's could be accommodated within the same common policy; and could be so while individual countries were allowed a measure of economic sovereignty, such as setting their own tax rates. Technically, deficits were to be regulated, but in practice, and in the interests of not upsetting any applecarts, they were not: otherwise, France and Italy would have been booted out long ago. The result is that some countries are now threatening to break the system. And poor old Ireland, with a number of its state-owned banks facing oblivion, cannot even turn its economy around, despite heroic amounts of self-flagellation. But then, if you were trying to have an export-led recovery when your goods were denominated in a currency that is among the most expensive in the world, you would be suffering, too.

EU tries to stop spread of panic over Irish banks
European officials scrambled Tuesday to stop Ireland's debt crisis from turning into another Greek-style meltdown and dragging down the euro currency. Talks over solutions, including possible help for Ireland's troubled banking system, went into the night.Only months after saving Greece, the 16-country eurozone has been shaken anew by concerns that Ireland will be unable to pay the cost of rescuing its banks, which ran into trouble when the country's real estate boom collapsed and their risky loans to developers stopped being repaid.
Ireland is on the hook for the bank losses - but wants nothing to do with the sort of European Union bailout that pulled Greece back from bankruptcy in May. That kind of intervention that could threaten the nation's status as a low-tax haven and humiliate the government ahead of possible national elections early next year.
[...] "This is not a matter of the survival of the euro, this is a very serious problem in the banking sector of Ireland," Rehn said. [deceptively!]

It is about time banksters formed their own bail out fund. No other industry has the freedom to keep profits yet transfer debt to the joe gullible public. The banksters with astounding complicity of goverments have royally screwed the UK economy. It is either through gross incompetence, or greed through fractional reserve practices, derivatives trading and cheap credit - else it was planned. Whichever, it is time to distance the government from the banking community and its get out of debt free policy, especially the Rothschilds and their cartel. Government of the people by the people for the people, remember? Not government of the people by the banksters for the banksters.
People are watching what is taking place in the US and on the continent. It seems demonstrations that hopefully aren't turned violent by plain clothes police pretending to be protesters (UK, Canada, US, France) will be the order of the day. If the government still fails to act in the public's interest ahead of third parties including the EU perhaps a coup should ensue.
A simultaneous public audit of Fed Res and BoE would be a first step to achieving honest government, perhaps DFID (the UN and Rothschild's cash dispenser) at the same time.


Whilst agitation for the outlawing of derivatives trading and fractional reserve banksterism is building, an interim measure that would salve a few of the bankrupted buisnesses' wounds, a 100% tax on all monies created out of thin air by banks. Nail 'em to the floor.

BP shuts North Sea field over Iran ban
BP has stopped production at a North Sea platform co-owned with Iran, as it works out whether it is breaching any European sanctions.
(From an earlier article: The joint venture is at the Rhum field, off the coast of Scotland – a £350m gas field, which has 800bn cubic feet of recoverable reserves. BP confirmed it has a joint venture with Iranian Oil Company UK, but declined to comment further.)

IOC UK is a subsidiary of Naftiran Intertrade Company (NICO).
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Food for thought
Why do those that claim the science is settled still get public funding?

You know it makes sense. Carbon action day :o)

Thanks Junk Science, GWPF, WUWT, No Consensus, CO2Science, No Tricks Zone and them wot's linked in the text.