Showing posts with label European. Show all posts
Showing posts with label European. Show all posts

Tuesday, 29 March 2011

European Union, The Islam Military Alliance - The Devastating Ancient Prophecy Unfolding Today

The European Union will soon reform into ten member states. This will see Britain withdrawing or being kicked out of the present European Union or common market as it was previously known. This creation will all take shape quickly and at the head of this new union of European members will be Germany. This will however be quite a different Germany to the one we see today. Also we will see an Islam military alliance take shape. Among the nations of this new Islamic military alliance will be Egypt, Libya, Ethiopia. When Egypt and Ethiopia falls into the hands of radical Islamists the vital Red sea shipping route for oil will be controlled by this large Muslim military alliance.

What is happening in Ethiopia and how is Iran inflaming the Islamists?

Vicious fighting is presently boiling over on the borders of Ethiopia, Kenya and Somalia. Somalia's feeble transitional government is being ousted by the Islam Iranian -backed Al-shabaab terrorist militia, while Ethiopian forces battle their way to the Somali border to ward off the Islamic extremists.

One of the prominent officials of Al-Shabaab made a public announcement at a gathering convincing Muslims in both Kenya and Ethiopia to revolt against their governments. Sheikh Mahad Omar Abdikarim was quoted as saying that the. "oppressed Muslims of Kenya and Ethiopia need to liberate themselves from Christian domination"

The recent outbreak of anti-Christian hostility has brought about the displacement of 4,000 Christians within the Jimma Zone of Ethiopia. The brutal Muslim attacks started a day before the influential al-shabaab official proclaimed his orders. It all started when a local Muslim accused a Christian of defiling the Koran, hence resulting to the gruesome burning of Fifty-nine churches and twenty eight homes during the attack.

Ethiopian authorities sent out security troops but reports said that they were outnumbered by the Islamist invaders. The 2007 census reveals a statistic of forty four per cent of the population belongs to the Ethiopian Orthodox church, while 34 percent are Sunni Muslim. The rest are scattered to several protestant Christian denominations. As is usual in these type of conflicts there will be a refugee crisis as the christian population of Ethiopia clamours to escape. More than likely these refugees will head towards European Union countries instead of the nearby larger African countries.

The conflicts between the al-shabaab terrorists and the Ethiopian troops in Somalia plus the Muslim attacks on churches across the western Ethiopia have created havoc within and outside the state. The current uproar that has just started out as a Somali civil war might soon trigger an interstate war between the Islam-controlled Somalia and its western opponent.

Somalia's Islamic rebellion, stated in a UN report, is said to be a clear display of their support for the Iranian cause when they sent out 720 of their best-skilled fighters to Lebanon in the summer of 2006 to aid in overthrowing the Israeli forces. As a return for their assistance, the al-shabaab's parent organization, the Islamic Courts Union, received three consignments of arms, ammunition and medical supplies from Iran. To further show their gratitude, Iranian proxy Hezbollah provided Somali rebels with advanced training by sending five military consultants to Somalia.

The support of Al-shabaab terrorist troops to Iran provided the latter with more than extra soldiers in its battle against Israel. The objective of Iran to have power over the flow of oil through the red sea and the Mediterranean sea requires them to also be in control of both the Southern entrance to the red sea and the Mediterranean sea. The authority to implement a trade restriction would be a powerful weapon for Iran and Islam in their battle against the European Union and the rest of the western world. The domination of Iran over Somalia and Eritrea cannot be completed unless the Ethiopian resistance is totally annihilated. Hence, the Islam al-shabaab terrorist militia's battle against Ethiopia is very important.

If you want to understand why the radical Islam is so eager for an alliance or influence over these two countries (including Egypt and Tunisia), look at a good map of the Middle East with a focus on the European Union, Mediterranean Sea and in particular, the Red Sea and all will become clear. Indeed, these two seas cover the most significant trade route in the whole world!

Radical Islam will take control of Ethiopia and will also indisputably also take authority over the small areas of Eritrea and Djibouti on the coastline of the red sea. These areas are also noted to have only just become sovereign from Ethiopia.

Prophecy reveals that a restructured 10 nation European union led by Germany will be ready to confront a Muslim alliance of nations that include Egypt, Ethiopia, Libya and others. This will set off a devastating chain of events that will affect us all.








Find out more about this Devastating Prophecy here european union

Sunday, 27 March 2011

European Parliament issues warnings on HAARP

Zland Communications March 22, 2011

Toronto, Canada – [ZNN] The daily lives of people seem blissfully unaffected by events about which they know little or nothing. Daily news reports unfold with no mention as to why and how the powerful operate behind the scenes. We pay our mortgages, book our vacations and school our children, as a corporate and government elite engage in projects beyond our wildest imaginations.

Conditioned to accept that ‘all is well’ or, that we are powerless to affect change in a world dis-integrating before our eyes – we conduct our lives until one day it affects us directly – unfortunately by then it’s far too late.

Ask the people of northern Japan how they feel about the last three sentences and the answers they now seek in the aftermath of unimaginable loss and yet another future generation desecrated and ravaged by nuclear radiation.

For more go here:  http://news.exopoliticsinstitute.org/index.php/archives/1126

I wrote for Investigate Magazine from 2000-2005, then decided to invest my energy in the alternative media, when I became aware of the rise of fascism that was being concealed from the public under the guise of hoaxes, such as the "war on terror," by the mainstream media.

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Will Financial Problems In Portugal Cause The European Debt Crisis To Spiral Out Of Control?



Most Americans have no idea just how bad the financial problems over in Europe are right now.  The truth is that the entire European financial system is teetering on the brink of disaster.  Ireland and Greece have already received bailouts and Portugal, Spain, Italy, France and Belgium are all drowning in an ocean of unsustainable debt.  Sovereign credit ratings all over Europe have being slashed in recent months.  For example, a while back Moody’s Investors Service cut Ireland's bond rating by five levels.  Up until now Europe has weathered all of this financial instability fairly well, but now huge new financial problems in Portugal threaten to send the European debt crisis spinning out of control.


The Prime Minister of Portugal, Jose Socrates, resigned on Wednesday after the major opposition parties banded together to vote down the austerity measures that he was requesting.  The package of budget cuts and tax increases was intended to get Portugal's horrible debt crisis under control.  Prior to the vote, the prime minister warned that  he would no longer be able to run the country if the austerity package was not passed.


Now there are all kinds of questions about what is going to happen to Portugal.  At this point most financial authorities in Europe seem to be assuming that Portugal is going to need a bailout.


Today, Standard & Poor's reduced the credit rating of long-term Portuguese government debt from "A-" to "BBB".  Standard & Poor's is also warning that the credit rating may be cut further if negotiations for a bailout do not go well.


Without a bailout, it seems almost certain that Portugal will default.


Interest rates on Portuguese government debt have risen to unsustainable levels.  The yield on 10-year Portuguese bonds hit 7.78% on Friday.  That was the highest it has been since Portugal joined the euro.


Authorities in Portugal are publicly saying that they simply cannot afford to pay that kind of interest.  Unfortunately for them, it appears that Portugal is going to be forced to issue more bonds by June at the very latest.


So how much would a bailout of Portugal cost?


Well, according to one estimate, it would probably be in the neighborhood of 70 billion euros.


That isn't going to sink Europe.


However, the concern is that the crisis in Portugal could have a domino effect.


There is increasing worry in Europe that Portugal's neighbor, Spain, could also need a bailout.  But a bailout of Spain would potentially be so large that it would cause a financial nightmare for Europe.


The following is how a recent article in the Wall Street Journal sized up the problem....



Portugal's admission that it will probably need a financial bailout raises a question that will shape the outcome of the euro zone's debt crisis: Is Spain next?


The cost of saving Spain, a €1.1 trillion ($1.56 trillion) economy, would dwarf previous bailouts and could test the financial strength of Europe as a whole.


The truth is that the rest of Europe simply does not have the kind of financial muscle necessary to continue putting together huge bailouts indefinitely.  If Spain does go down, it is going to put a massive amount of strain on the rest of the continent.


There are other financial problems simmering in Europe right now as well.


According to a recent Business Insider article, the financial problems in Ireland are also creating a lot of concern at the moment....



Ireland's banks are likely to need another $39 billion in support, which would use up 80% of its current bailout funds.


Ireland is a financial basket case right about now.  Confidence in Irish debt is rapidly evaporating.  In fact, the yield on 10-year Irish bonds recently hit 10.12%.


Ouch!


But that is nothing compared to what Greece is being forced to pay.


The yield on 10-year Greek bonds recently reached an astounding 12.58%.


There are persistent rumors that Greece is going to need yet another bailout.  The truth is that Germany and the other European nations that are coming up with the cash for these bailouts are just pouring their money into financial black holes.


Nations like Greece and Ireland are just money pits at this point.


As I have written about previously, the financial collapse of Europe has basically become inevitable.  The EU can keep coming up with bailout plan after bailout plan, but they are only putting off the crash for a while.


Eventually a point will come when all of the balls simply cannot be kept up in the air anymore.


So what is going to happen once that point is reached?


Well, many believe that we could actually see the end of the euro and potentially even the break up of the European Union.


Of course top politicians in Europe will fight tooth and nail to keep that from happening, but the truth is that at some point we are going to see some incredibly challenging financial problems in Europe.  How the EU responds to the crisis is going to be extremely interesting to watch.


So many people talk about the death of the U.S. dollar, but the truth is that we could very easily see a financial collapse and a major currency crisis in Europe prior to the collapse of the dollar.  Europe is in really, really bad shape right now.


Of course it doesn't help that the entire world is so incredibly unstable right now.  The disaster in Japan, the war in Libya, the revolutions across the Middle East and the surging price of oil all threaten to throw the global economy into turmoil.


As I discussed in a previous article, people need to start preparing for economic disaster.  The entire global financial system is coming apart.  The U.S. economy is crumbling, Europe is dealing with an unprecedented debt crisis and Japan has just been struck with the worst economic disaster that it has seen since World War 2.


Most Americans don't pay much attention to what is going on in Portugal (or in the rest of Europe for that matter), but they should.  The world is more interconnected than ever, and if Europe experiences a financial meltdown it will have dramatic consequences for the United States as well.


The financial crash of 2008 swept the entire globe and virtually every nation on earth was deeply affected.  The next wave of the financial crisis is also going to be felt globally.


We live in one of the most interesting times in the history of the world.


Are you prepared for what is about to happen?



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Friday, 25 March 2011

European Parliament issues warnings on HAARP

Toronto, Canada – [ZNN] The daily lives of people seem blissfully unaffected by events about which they know little or nothing. Daily news reports unfold with no mention as to why and how the powerful operate behind the scenes. We pay our mortgages, book our vacations and school our children, as a corporate and government elite engage in projects beyond our wildest imaginations.

Conditioned to accept that ‘all is well’ or, that we are powerless to affect change in a world dis-integrating before our eyes – we conduct our lives until one day it affects us directly – unfortunately by then it’s far too late.

Ask the people of northern Japan how they feel about the last three sentences and the answers they now seek in the aftermath of unimaginable loss and yet another future generation desecrated and ravaged by nuclear radiation.

European Parliament document may provide a few answers for the inquiring mind. This parliamentary document is not some conspiratorial rant but an official governmental perspective describing authentic concern that a terribly grave technology, which the document calls a weapon, has been unleashed over many years without any public knowledge.

The technology is called HAARP and the European Parliament has put NATO, the US Air Force and Navy on notice, demanding an explanation about their involvement.

One of the most damning statements in the document reveals an American refusal to account for itself regarding HAARP research:

“[The European Parliament]… regrets the repeated refusal of the United States Administration to send anyone in person to give evidence to the public hearing or any subsequent meeting held by its competent committee into the environmental and public risks connected with the high Frequency Active Auroral Research Project (HAARP) programme currently being funded in Alaska.”

[more...]

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Saturday, 19 March 2011

European court: Crucifix acceptable in classrooms

Never understood the fixation with crosses and picks of Jesus

though i must admit black Jesus was pretty cool.

Anyway they are just images, a Notion.

I laugh when I read about some one peeing on a bible or a Pic of Jesus

with a cross up his bung hole.

I know its an attemp to incite MY pride and MY flesh....If Jesus really was sweating it that dude been vaporized a long time ago.

No these things are mens conceptions, I keep Him in my heart where no one can steel Him or Insult Him...except me

Good for them? I cant say...if they can do it then its only fair that Athiests get their say so as well as muslims and everyone else imo.

Besides thar cross means nuthin Now to me....Hes Not on it


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Friday, 18 March 2011

European Justice Commissioner outlines internet legislation

On May 25th an amendment will be incorporated into UK law, forbidding websites from sending cookies to users’ computers, or receiving them, without prior consent. The rule states: "Member States shall ensure that the storing of information, or the gaining of access to information already stored, in the terminal equipment of a subscriber or user is only allowed on condition that the subscriber or user concerned has given his or her consent, having been provided with clear and comprehensive information... about the purposes of the processing." There will inevitably be complaints from advertisers, as targeted marketing is hugely valuable and...

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Monday, 14 March 2011

On the Stimulus-Induced Rally and the European Debt Crisis

Last Wednesday, BNN’s Howard Green spoke to Rob Cox of Reuters and me about two issues: the monster rally from March 2009 and the ongoing European debt crisis.

On the markets, yes, I foresaw a rally two years ago because stock prices were depressed. Back in March 2009, I felt we were in an overshoot to the downside. But, it wasn’t clear whether the bear market rally that was sure to come as a result would have legs. It was only when rules on mark-to-market accounting were implemented and Wells Fargo had a breakout quarterly report in April 2009 that I became a true believer. And the upswing since has been longer and better than I thought likely two years ago.

Remember, it was conceivable in March 2009 that we could have a short rally and then overshoot even more to 450 on the S&P for example. Depression with a capital D was at the door. In the end, I felt the stimulus was going to power us higher. Both Rob and I see the rally as very much a stimulus-driven event. In my view the pre-QE2 swoon followed by another sizable rally post-QE2 announcement makes this case best. The question is whether the rally is sustainable without monetary and fiscal stimulus. We will see in the second half of 2011.

At a minimum, the election cycle is bullish for the economy, because the President wants the recovery to stick and will do whatever he can to ensure this outcome.

On Europe, you have three problems.

The ECB’s hawkishness is causing problems for the periphery. As usual a one-size-fits-all interest rate policy is challenging since Europe’s economies are not harmonised. An ECB rate rise will be a big problem in Ireland and Spain where they still have mortgage problems.Meanwhile Portugal is getting no relief in the market. It has a fairly low average interest rate on outstanding debts. But as it rolls over debts issued at 3 percent for paper at 7 percent, it will not be able to cut its deficits or debt. A bailout is likely as Portugal’s 10-year rate has been above 7 percent for at least four consecutive weeks.Spain is the crucial issue because Spain is such a large economy. Many of Spain’s cajas are insolvent. Solving that issue will be paramount for getting the debt crisis behind us. The stress tests will help us get there but right now they are not particularly stressful and I don’t see them being of any value.

Video below. [Click on image for video]

BNN 2011 Mar 09

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Friday, 11 March 2011

Stressing Out over European Bank Stress Tests

By Marc Chandler

The newly created European Banking Authority will be overseeing the stress tests on almost 90 European banks. Recall that the stress tests last year met broad criticism for the lack of rigor. It was anticipated that the EBA would indeed provide for a more robust test this year. However, doubts are already being raised.

Initially there are two areas of concern. The first is on the definition of Tier 1 capital, which is that part that can absorb unexpected losses. The early indication is that the EBA will likely allow countries to use their own definition of Tier 1 capital. The UK, for example, is believed to have a more stricter definition than say Spain. That would give Spanish banks an advantage.

The second area of concern is the level of stress to be measured. Reports indicate, for example, that banks will be tested for, among other things, a 17% loss on Greek debt. The last stress test reportedly has a 23% loss on Greek bonds. Moreover, the current 10-year differential is near 935 bp. That suggests that there is about a 55% chance of a 17% loss on Greek holdings. A rating agency previously warned of the risk of a 50% loss, which would help bring the debt/GDP ratio back into line the Stability and Growth Pact. That said, given that the ECB purchases may be skewing price discovery process in the Greek bond market. Our analysis of the CDS market places the odds of a substantial haircut higher. That said, one may want to shade that as well, given liquidity concerns and the use of the sovereign CDS to also express on view on Greek banks. In any event, the point remains valid that at first blush the stress tests do not sound all that stressful.

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Body scanners "rotting" in the basement of the European Parliament

In the days following the terrible attacks of 9/11, the reaction of governments around the world was to implement a range of poorly judged anti-terrorist legislation in the spirit of "making us safer". Meanwhile, over in Brussels, the European Parliament responded to the attacks in its own, unique way; by ordering six body scanners at a cost of €116,000. They were delivered to the European Parliament buildings in 2005. An investigation by feisty West Midlands MEP Nikki Sinclaire has, however, revealed that the scanners remain unused in the basement of the Parliament following privacy concerns on the part of MEPs....

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Thursday, 10 March 2011

Guest Post: 2008 Financial Crisis The European Sequel

Submitted by MacroStory.com

2008 Financial Crisis The European Sequel

The European Union is facing a similar set of events as those leading up to the 2008 US financial crisis.  In 2007/08 the US economy was teetering on the brink of recession and the talk among many was that of a goldilocks soft landing. Economic data was still somewhat positive including job growth while equity markets were still holding up. The housing market was beginning to show signs of exhaustion.  Manufacturers were confronting rising input costs while consumers were paying more at the pump. The Federal Reserve introduced a new chairman who tried to calm markets with his infamous quote on March 28, 2007, "the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained."

Today Europe is faced with a subprime crisis of their own in terms of sovereign debt.  Greece and Ireland have been bailed out and Portugal is only weeks from joining the esteemed list.  Spain and Italy are a shock event away from joining as well.  The EU also has their overconfident leadership as witnessed by the ECB Chief Economist Jurgen Stark on July 9, 2010 "The worst is over” (for Europe’s sovereign debt crisis). 

According to a 2009 BIS report EU creditors had over 1.5 trillion euros in exposure to Spain, Ireland, Portugal and Greece.  Of that amount, Germany and France accounted for 493 billion euros and 465 euros respectively. This is not a PIIGS "problem."  In reality the debtors have equal or greater negotiating power over the creditors.  TARP bailed out the insolvent banks at the expense of the taxpayer while the EFSF is bailing out the German and French banks at the expense of the PIIGS taxpayer.  The similarities don't stop though.

The EU produced positive economic data in the latter part of 2010 while the euro was trading on average 1.28 (eur/usd).  Over the past six months the euro has traded 6% higher at 1.36 which will reverse that positive trend.  The impact of a rising euro on export driven economies like Germany which have been the only real source of growth in the EU will be negative.  Rising input costs have been a worldwide phenomenon of late and the EU is not immune.  Watch for shrinking corporate profits in the near future.  The consumer is not immune either as record gas prices are now hitting the pumps across the EU.  What will the shock event be though?  In 2008 it was Lehman. 

The US was able to delay the inevitable after Bear Stearns and so did the EU with Greece.  Will Ireland be the Lehman failure that forces a massive hit to creditor and not taxpayer balance sheets?  If so it will force a similar credit contraction among various credit facilities from commercial paper, interbank lending and more as witnessed in the US in 2008.  In July 2008 oil was moving up very quickly until topping at 147 on July 14 (Bastille day, another similarity), just months before Lehman failed.  Today as the global economy faces rising oil prices, the impact on the EU are far greater with Ireland and Italy alone importing over 20% of oil from Libya.  With Libyan oil production all but shutdown, it is arguable that $147 oil has already arrived.

The US economy will not be immune to a sovereign debt crisis as the EU was not immune to the subprime crisis.  It is not a "Greek debt problem" nor is it a "Middle East problem."  The world is more connected today than ever before in history.  We have seen this movie before and as we all know the sequel is usually far worse than the original. 

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