#2
The game is getting interesting.
There appears to be 3 options left. China and the other Masters of The Universe appear to have folded, which leaves only the Squid and Germany in the game. The Squid is not only all in but b*lls to the wall as well. So
Scenario 1, Merkle goes nein, nein not this Frauline and refuses to print as per this article.
In this case GS goes belly up worldwide.
Scenario 2. GS pulls their ace from their sleeve and gets the Bernank to do a Marshall plan to save Europe. The One wont object as his re-election will depend on it. The Squid will have already worked that out. All they need then do is line up their armoured vans and collect their winnings.
Scenario 3. A combination of Germany and the US printing. The Squid wont make as much, but will do OK.
h/t Gates of Vienna
More than 250,000 residents out of a total population of one million in Brussels have Muslim roots, according to a study carried out by the Catholic University of Louvain in Belgium and published in the Belgian media Friday. And the rest are EUro bureaucrats and their support. Continued on Page 47
#1
The movie, The Last Days of Man on Earth (1973), loosely based on the Michael Moorcock novel The Final Programme, featured a collapsing Europe, with the suggestion of a haphazard nuclear war in the background, as the world spiraled into chaos. In a way it built on the dystopian future London seen in A Clockwork Orange, except from the point of view of a wealthy scientist.
I mention it because, just in passing, overheard on a radio broadcast was an apology from NATO, for having accidentally dropped an armed nuclear bomb on Brussels. Memorable, more than anything else, because of the general indifference of the characters to the event.
"It's a pity about Brussels... So, how's business?"
#2
"A person who believes in nothing believes it's all good, will believe in anything." Definition of the multi-culturalist. The end result is darkness.
Posted by: Harry Dribble1924 ||
11/21/2011 10:17 Comments ||
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#3
Over in NE Asia ...
* WAFF > SOUTH KOREAN MUSLIM COMMUNITY GROWING. Steady rise in inquiries + conversions - current Muslim community in the ROk numbered at 200,000.
MADRID Spanish conservatives won a resounding mandate at the polls Sunday, freeing them to make deep austerity cuts as they struggle to pull the countrys economy out of a tailspin.
In an election marked by bitter disappointment and desperation over the euro zones highest unemployment rate, the Socialists who have led the country since 2004 were cast from office in their worst showing in the modern era of Spains democracy.
Conservatives won 186 of the 350 seats in parliament; the Socialists won 110. But the sharp swing was more a result of millions of voters abandoning the Socialists for smaller parties, not conservatives picking up new voters, suggesting a country more dispirited with the policies of the past than excited about the future.
The leader of the conservatives, Mariano Rajoy, 56, will not take over for another month, but he is widely expected to announce his economic team and strategy in the coming days.
It is times like these that measure what men and societies are made of, Rajoy said Sunday in his victory speech. Our destiny is to play a big role in and with Europe. We will be more loyal but also more demanding. . . . There arent going to be any miracles, but we didnt promise them.
Sundays vote gives Europe another leader closely aligned with the austerity-based consensus that the continents strongest economies say is the solution to what plagues the weaker ones. In recent weeks, leaders in Italy and Greece have been forced from their perches.
Still, Rajoy may have limited influence over problems that have spread to France, Austria and the Netherlands countries long associated with fiscal discipline and economic power which saw their borrowing costs spike last week. France has called for continent-wide solutions more radical than those applied so far, including the printing of more money to prop up struggling countries, something Germany staunchly opposes.
In Spain, Socialist Prime Minister Jose Luis Rodriguez Zapatero had abandoned many of his partys historic positions to implement budget cuts aimed at getting the countrys finances under control. But they did little to head off the nations 22.6 percent unemployment rate.
Last week, Spains borrowing costs spiked to their highest level since 1997, and one of Rajoys first tasks will be to soothe investors fears about his countrys viability.
Rajoys challenger, Alfredo Perez Rubalcaba, 60, seemed to accept defeat long before the election was held. Zapatero decided earlier this year not to stand for reelection.
Countries like Spain are on the brink, said Fernando Fernandez, an economist and former International Monetary Fund official who teaches at IE Business School in Madrid. This government will have the moral authority to make changes, he said.
Fernandez said that in addition to another round of budget cuts, he expected the new government would overhaul the labor market to make it easier to hire and fire workers, which could help create jobs in the long term but might add to joblessness in the immediate future.
Voters Sunday had little enthusiasm for the election, and many said they saw little difference between the two main parties. The Socialists had 4 million fewer votes than in the 2008 election. The conservatives gained just over 500,000 compared with their previous results.
Continued on Page 47
Posted by: Steve White ||
11/21/2011 00:00 ||
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#1
Calling this party "conservative" is a bit of a stretch. While they are considered "center-right" in a European perspective, we would still consider them to be social democrats.
#2
Aznar was a good friend to the US and was fiscally conservative. Zapatero went on a spending spree and spent a fortune on a failed "green jobs" program. Now that Spain is teetering on the brink of bankruptcy voters threw him out.
Posted by: Cincinnatus Chili ||
11/21/2011 17:24 Comments ||
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A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
