Friday, November 11, 2011
Thursday, November 10, 2011
DEATH OF THE EURO
PREPARATIONS were under way last night for the break-up of the euro as Europe’s debt crisis spiralled out of control.
As Treasury officials worked through the night to soften the impact on Britain, David Cameron warned that the single European currency was facing its “moment of truth”.
Business Secretary Vince Cable went further and spoke about “Armageddon” while Brussels officials warned that the chaos threatened to plunge us all into a new recession.
Ministers are understood to be deeply concerned that French President Nicolas Sarkozy and Germany’s Chancellor Angela Merkel are secretly plotting to build a new, slimmed down eurozone without Greece, Italy and other debt-ridden southern Euro- pean nations.
Well-placed Brussels sources say Germany and France have already held private discussions on preparing for the disintegration of the eurozone.
At the same time, City insiders yesterday speculated that the “death warrant” for the euro had already been written, with a new economic bloc dominated by Germany and France almost certain to emerge in its place.
Howard Wheeldon, senior strategist at BGC Partners, said the single currency experiment had failed.
“Undoubtedly it has failed. We know the concept of a single currency was flawed right from the start. There were too many big differences, in language, in culture and in the economies. There is absolutely no chance of the euro surviving in its current form. It cannot happen.
“There are limits to what the markets, the people and the voters will accept. That doesn’t mean the euro won’t carry on with fewer members, but it has been a failure.”
http://www.express.co.uk/posts/view/283060
As Treasury officials worked through the night to soften the impact on Britain, David Cameron warned that the single European currency was facing its “moment of truth”.
Business Secretary Vince Cable went further and spoke about “Armageddon” while Brussels officials warned that the chaos threatened to plunge us all into a new recession.
Ministers are understood to be deeply concerned that French President Nicolas Sarkozy and Germany’s Chancellor Angela Merkel are secretly plotting to build a new, slimmed down eurozone without Greece, Italy and other debt-ridden southern Euro- pean nations.
Well-placed Brussels sources say Germany and France have already held private discussions on preparing for the disintegration of the eurozone.
At the same time, City insiders yesterday speculated that the “death warrant” for the euro had already been written, with a new economic bloc dominated by Germany and France almost certain to emerge in its place.
Howard Wheeldon, senior strategist at BGC Partners, said the single currency experiment had failed.
“Undoubtedly it has failed. We know the concept of a single currency was flawed right from the start. There were too many big differences, in language, in culture and in the economies. There is absolutely no chance of the euro surviving in its current form. It cannot happen.
“There are limits to what the markets, the people and the voters will accept. That doesn’t mean the euro won’t carry on with fewer members, but it has been a failure.”
http://www.express.co.uk/posts/view/283060
Wednesday, November 9, 2011
JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
The world is definitely going to face another financial crisis stemming from problems in Europe, Jim Rogers said Wednesday.
"We're certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn't have for a few decades now, and it's all coming home to roost," Rogers, CEO and chairman Rogers Holdings told CNBC.
He added that the crisis would be much worse than the one markets saw in 2008 because the debt is much higher now.
"Last time, America quadrupled its debt. The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse," Rogers said.
"In 2002 it was bad, in 2008 it was worse and 2012 or 2013 is going to be worse still – be careful," he added.
http://www.cnbc.com/id/45219555
"We're certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn't have for a few decades now, and it's all coming home to roost," Rogers, CEO and chairman Rogers Holdings told CNBC.
He added that the crisis would be much worse than the one markets saw in 2008 because the debt is much higher now.
"Last time, America quadrupled its debt. The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse," Rogers said.
"In 2002 it was bad, in 2008 it was worse and 2012 or 2013 is going to be worse still – be careful," he added.
http://www.cnbc.com/id/45219555
Obama-administration-opposes-fdr-prayer-at-wwii-memorial
Republican lawmakers and conservative activists are expressing outrage after the Obama administration announced its objection to adding President Franklin Roosevelt's D-Day prayer to the World War II Memorial in Washington, D.C.
"It is unconscionable that the Obama administration would stand in the way of honoring our nation's distinguished World War II veterans," Johnson said. "President Roosevelt's prayer gave solace, comfort and strength to our nation and our brave warriors as we fought against tyranny and oppression."
Roosevelt asked the nation to join him in prayer as U.S. and allied troops launched the invasion that led to the defeat of Nazi Germany. He asked God to give the allied troops courage and faith, saying, "With thy blessing we shall prevail over the unholy forces of our enemy."
Tony Perkins, president of the Family Research Council said it's not all that surprising.
"This is further evidence that the administration has created an environment that is hostile towards American history -- but in particular towards Christianity," Perkins told Fox News. "I hope America wakes up and realizes what this administration is doing to this country and how they want to radically and fundamentally change America."
"They want to erase every aspect of America's heritage," Perkins said of Obama's administration. "Any president, any official in history that has embraced Christianity, is no longer welcome in this administration. That's the environment they are creating."
http://www.foxnews.com/politics/
"It is unconscionable that the Obama administration would stand in the way of honoring our nation's distinguished World War II veterans," Johnson said. "President Roosevelt's prayer gave solace, comfort and strength to our nation and our brave warriors as we fought against tyranny and oppression."
Roosevelt asked the nation to join him in prayer as U.S. and allied troops launched the invasion that led to the defeat of Nazi Germany. He asked God to give the allied troops courage and faith, saying, "With thy blessing we shall prevail over the unholy forces of our enemy."
Tony Perkins, president of the Family Research Council said it's not all that surprising.
"This is further evidence that the administration has created an environment that is hostile towards American history -- but in particular towards Christianity," Perkins told Fox News. "I hope America wakes up and realizes what this administration is doing to this country and how they want to radically and fundamentally change America."
"They want to erase every aspect of America's heritage," Perkins said of Obama's administration. "Any president, any official in history that has embraced Christianity, is no longer welcome in this administration. That's the environment they are creating."
http://www.foxnews.com/politics/
Tuesday, November 8, 2011
First Movie of Asteroid 2005 YU55
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