David Craig, on January 9th, 2016(Weekend blog) Following the attacks in Paris, the British Government helpfully issued tips on how to behave in a terror attack. People were urged to “escape if you can” rather than lying down and pretending to be dead, or to barricade themselves into a safe place with their phones on silent. The Government experts also helpfully advised that one should find cover from the gunfire behind “substantial brickwork or heavy reinforced walls as bullets go through glass, brick, wood and metal”.
But what advice is given to those who have to deal with the crisis? Here are my suggestions:
The Police – after the incident, repeatedly claim that (although the assailants were screaming “Allahu Akhbar“) there was no evidence yet about the motives behind the attack. Then, as the assailants’ phones and computers are searched and found to contain *sl*mic State propaganda, continue to claim that the motives for the attack are still unclear and that the attack could be a workplace-related incident. Subsequently continue to deny that the attacks had anything to do with *sl*m
Prime Minister – immediately get on TV, put on very stern yet compassionate face and announce “our thoughts go out to the victims of this terrible tragedy and their families”. Then promise “we will do everything possible to establish what happened and who was responsible”. But claim “at the moment there is absolutely no evidence that these dreadful attacks had anything to do with *sl*m, which is a religion of peace”
The BBC – when reporting the story, avoid any mention of M*sl*ms or *sl*m. Refer to the attackers as ‘radicals’ or even ‘extremists’ but make no reference to what religious group they belong – Buddhists, Hindus, Zoroastrians or whoever. Quickly find some Burkha-wearing idiot who claims to have been insulted on the street or in a supermarket by a white person and use this supposed ‘racist’ incident to do a long report on the rise of *sl*mophobia in Britain
The Guardian – publish endless articles about how ‘British’ M*sl*ms are discriminated against and how high unemployment amongst ‘British’ M*sl*ms is all the fault of the British and has nothing to do with the gimmegrant culture that distinguishes M*sl*ms from successful immigrants to Britain like the Jews, the Chinese, the Hindus, the Buddhists etc.
Guardian readers – write loads of comments about how when the IRA were killing people, that didn’t mean all Catholics were terrorists. So, even if the attackers claimed to be M*sl*m, that similarly didn’t mean all M*sl*ms were a danger to Western democracy. When writing these comments conveniently ignore that fact that the IRA was a political movement fighting for the reunification of Ireland and when killing people didn’t scream “Oim doing dis for thu holy Mudder Mary and thu Pope, God bless him and all dem good people in thu Vaaatican“. Whereas M*sl*m attackers do have a tendency to yell “Allahu Akhbar” as they enthusiastically murder us infidels as part of their plan to establish a global Caliphate
Question Time – Get together a panel of liberal lefties and Nigel Farage. Ensure all the audience are Guardian or Independent readers (if there are enough of them to fill a studio). Ensure all the panelists (except Farage) blether on about what a ‘huge contribution’ M*sl*m immigration has made to Britain. But don’t ask the liberal lefties to give concrete examples of that ‘huge contribution‘. Provoke Farage to link terrorism with uncontrolled immigration. Every time a leftie liberal speaks their usual *sl*mophiliac bullshit, the audience applauds enthusiastically. Every time Farage talks sense, the audience groans and boos
Leftie liberals – seize on a few supposedly *sl*mophiliac incidents, massively exaggerated by the BBC to organise an anti-racism march in London. Equip the marchers with banners and placards saying things like “Racism Out!” and “We are all M*sl*ms now!” and “Refugees welcome!”
The Sheeple – experience horror and fear for a couple of weeks. Then go back to worrying about who will win Celebrity Big Brother or the X-Factor or some dumb dancing programme or some similar shite
The intelligent few – look on with despair as a weak, indolent, self-absorbed, selfie-absorbed Britain, by cravenly surrendering to the invading M*sl*m masses, betrays the hundreds of thousands who died to preserve our freedoms, democracy and way of life 
Category: 
You could replace ‘Prime Minister’ with Mayor of Philadelphia – he seems to have pinched your script.
Britain faces a 3 pronged attack , any one of which would be severely challenging in its own right, but together I dont think they are survivable such that we will recognise this country in any shape or form to that to which we have been accustomed.The changes will take place over a period of years,some sooner than others and it is difficult to put a time scale but 10 to 20 years should finish it off fully.
Firstly we have the looming Financial Crisis that will be facilitated through the unsustainable debts built up world wide that cannot be paid, inflated stock markets, manipulated markets ,consequent War mongering(elites trying to maintain or grab more power) to deflect attention etc.
Secondly we have an EU and its unelected and many of the elected leaders that are hell bent on completely changing the nature and composition, history and traditions of its member states, see its Migration(Immigration policies) Its Mixities and Integrating Cities policies of rebuilding great swathes of cities to their liking a sort of Germania on steroids as planned by a previous Tyrannical Socialist (Yes Hitler was a Socialist and hated freedom and Capitalism he was a NAZI ie. National Socialist thats where the name comes from)EU leadership.Add in the Soros Open societyfoundation.org etc(anything but free and open),Agenda 21, Peter Sutherland ,NGOs (Putin threw the NGOs out of Russia an astute man protecting his own people, now that’s a novelty today, our leaders are hell bent on destroying us and all we stand for and replacing us, giving all we have away to others as they feel guilty about our success’ as countries in times gone by)
Thirdly we have the problem where by the EU elite are forcibly bringing Muslims into Europe to break it down and destroy its nations , languages and traditions, as they have already succeeded in Sweden where the Swedes are now on the lowest rung of their society and being replaced as a people and being told to become like the Immigrants.
Now as most people dont seem to know in Europe and the US but as many in Asia do, Muslims infiltrate a country and do not assimilate as the gullible think they will. They play victim until they have enough clout to declare democracy banned and Islam rules by Sharia law and that is that,there is no way back .Lots of violence along the way of course against the Kafirs.
So as there does not seem to be any chance of escaping this 3 pronged attack upon us then we must prepare individually and as families to protect ourselves the best way that we can, knowing the monumental problems that lie ahead are at least a start. I for one am looking to exit and find somewhere that at least has a chance of a future.
As the famous conservative politician Edmund Burke noted:
“When bad men combine, the good must associate; else they will fall one by one, an unpitied sacrifice in a contemptible struggle.”
Also add in the TTIP(Transatlantic Trade and Investment Partnership) and TPP (Trans Pacific Partnership) grabs for power by the Elites on top of last comment debacles, to really finish is off as nations and make us slaves to the 1% that will rule over us.
These Trans Partnerships are forward planning for the combining of the EU Socialist Super State with the North American version and the Pacific Rim version for those countries that have been duped into volunteering for it, those nations are now known. China and Russia are all that stands against them, hence NATO aggression at any opportunity, fronted by David Cameron in the EU and Turkey also Japan in Asia as well as the US of course that has nothing left but the Dollar , its Military and debt, so its Elite are making its bid now while it still has the ability to maintain and increase its power, subsequently to take a lead role in the new Super power to be created.
Tony Potts I an not a fan of conspiracy theory of the Did the Roswell space aliens assassinate Diana and cause 9/11.
The economic crash which we know must come when the cash machines are all switched off can be put down to human greed and folly. However the intentional deconstruction of the historic states of Western Europe by the deliberate import of Muslim and the use of immigration so that America can merge with Canada and Mexico to form the North American Union seems conspiracy.
I do not like to write this but I am not sure this attempt to create global government is totally the plan of mortal men.
I think you are damn right it is a conspiracy & I think you are damn right it’s not totally the plan of mortal men.
Gold in 2016
BY ALASDAIR MACLEOD GOLDMONEY INSIGHTS JANUARY 07, 2016
Advance signs of a global slump in economic activity emerged in 2015.
Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis that could manifest itself in 2016, partially confirmed by the disappointing performance of equity markets. If so, demand for physical gold can be expected to escalate rapidly as a financial crisis unfolds.
Introduction
Gold has now been in a bear market since September 2011. Major central banks in the advanced economies have implemented policies that have covertly suppressed the gold price, while they have overtly inflated asset prices. This has led to valuation extremes in all asset markets, including gold, that would never be seen in free markets backed with sound money. We can be certain that today’s unprecedented build-up of price distortions will be corrected eventually by market forces, probably in the coming months. The commencement of a crisis has already been evidenced by the collapse in energy and industrial-commodity prices, causing major problems for nations and international companies with US dollar obligations and suddenly finding they lack the revenue to service them. The scale of commodity-related losses is not generally understood, but cannot be ignored for much longer.
The rapid expansion of central bank balance sheets since the Lehman crisis is the ultimate phase of a process that can be traced back to at least the 1980s. Starting in London, US and European banks at that time took control of securities markets. Since then, they have increasingly directed bank credit at the expansion of those securities markets, principally through the development of over-the-counter (OTC) derivatives, but also by dominating bond and equity markets, and regulated derivatives.
The expansion of bank credit aimed towards financial activities has had the triple effect of inflating financial assets, suppressing commodity prices below where they would otherwise be, and enhancing international demand for the US dollar as the main pricing currency. The result has been an unprecedented peace-time expansion of global debt, while confidence in the reserve currency has been maintained. However, there are indications that this period of expansion is now at an end. According to the Bank for International Settlements’ statistical releases, the gross value of bank-held derivatives has been contracting since 2013. Notional amounts of outstanding OTC contracts peaked at end-2013 at $711 trillion, and by June 2015 had declined to $553 trillion.
This is an important point, because an unseen bubble at the heart of the financial system is deflating with unknown consequences. When bubbles deflate, and here we are talking about one in the hundreds of trillions, bad debts are usually exposed. Even though much of the reduction in outstanding OTC derivatives is due to consolidation of positions following the Frank Dodd Act, much of it is not.
When free markets reassert themselves, and they always do, the disruption promises to be substantial. We appear to be in the early stages of this event.
Dollar and European dangers
As noted above, the rising value of the dollar measured against commodities is a major problem. In the short-term the dollar is extremely over-bought against record levels of commodity short positions. Most notable is the dollar price of oil, with West Texas Intermediate having fallen from $105 in June 2013 to $32 today. While much of the fall can be attributed to lower demand from a slowing global economy, some of it is undoubtedly due to the strength of the dollar itself. Bad and potential bad debts, many commodity-related and denominated in dollars, are a global issue, and the US banks are trying to control their international loan exposure. Consequently, international borrowers with dollar-denominated debt are being forced to sell down local currencies to buy dollars in order to cover their dollar obligations. The problem has been aggravated further by speculators bidding up the dollar against these distressed buyers.
The dollar’s overvaluation is also supported by the belief that the US economy is healthy and performing relatively well. With official unemployment down to 5%, demand for domestic credit, while patchy, is basically sound and growing at a moderate pace. However, nominal GDP growth is entirely due to monetary stimulus being not yet offset by lagging price inflation, and is not the well-founded economic recovery generally supposed. But for dollar bulls, the apparent strength of the US economy is another reason to believe the dollar will remain strong, given the prospect of a rising interest rate trend. There are considerable dangers to this bullish view for the dollar, not least the degree to which it is already discounted in current prices.
A second global problem is the financial and economic condition of the Eurozone. 2015 saw the Greek crisis deferred, but for 2016 we have the prospect of trouble from Spain and Portugal, with government debt as a percentage of GDP estimated at 100% and 130% respectively. In the Spanish general election in December an anti-austerity combination of the left-wing Podemas and PSOE political parties won 159 seats against the ruling party’s 123. Negotiations are now underway, but it looks like an anti-austerity coalition will form the next government. Greece was difficult enough, but Spain is many times greater in terms of its economic impact and the amount of government debt involved. Also, Portugal, whose economy is about the same size as that of Greece, had its general election in October, and the ruling party lost its overall majority, suggesting that anti-austerity pressures will increase in Lisbon as well. And Greece has not gone away.
Greece in 2015 was the warm-up act for what’s ahead in the Eurozone. Meanwhile, €3 trillion of government bonds in Europe now trade with negative yields, an unprecedented situation, which illustrates how overvalued European government bonds in general have become, particularly when taking into account the parlous condition of some major governments’ finances. The Eurozone banks are also financially precarious, having an average Tier 1 capital ratio to tangible assets of 5.1%, dropping to 4.1% when off-balance sheet items are included. Furthermore, the netting off of credit default swaps permitted under new Basel Committee rules has allowed the banks to conceal their true loan risk. The combination of European banks gaming the system, average core balance sheet leverage (including off-balance sheet obligations) of 24:1, and their balance sheets laden with wildly overvalued government bonds, has the makings of a crisis in search of a trigger.
A European banking crisis could escalate very rapidly if and when it starts, and would be an event beyond the direct control of an alarmingly undercapitalised ECB. The initial effect might be to drive the dollar higher in the foreign exchanges, particularly against the euro, and instigate a further markdown of commodity prices, as markets try to discount the economic implications of a systemic problem in the Eurozone. If an event such as this occurs, it would be impossible to limit it to a single geographical area. The major central banks would be forced into a coordinated rescue programme, involving a major expansion of all their balance sheets, on top of the post-Lehman crisis expansion.
Once initial uncertainties are out of the way, the prospect of escalating systemic risk should be very positive for gold, which is the only certain hedge against these events. To determine the potential for the gold price, its current value should be assessed by looking at the long-run inflation of fiat dollars relative to the increase of above-ground gold stocks, and adjusting the dollar price of gold accordingly.
FMQ and gold
The fiat money quantity represents the total fiat money that has been produced by the US banking system. It includes fiat currency not in circulation, being mainly bank reserves sitting on the Fed’s balance sheet. The chart below shows the monthly accumulation of US dollar FMQ since 1959.
gold 2016 1
Following the Lehman crisis, the dollar-price of gold fell initially before recovering and gaining all-time highs in September 2011. With the benefit of hindsight, we can surmise that the immediate effect of the Lehman crisis was to trigger a flight into the dollar, before it became evident that the Fed’s actions aimed at stabilising the financial sector were succeeding at the expense of monetary inflation. This also provides an explanation as to why, in order to maintain confidence in the dollar, the gold price had to be subsequently suppressed. Judging by all the circumstantial evidence following the Cyprus crisis, the most notable suppression exercise was in April 2013, and close study of market actions and volumes reveals that other less dramatic price suppressions have from time to time also taken place.
Given this experience, it would be wrong to rule out another attempt by the western central banks to suppress the price of gold in the event of a crisis. However, it is becoming clear that they can only suppress the price through the paper markets, given the relative scarcity of physical bullion in western central bank vaults, and the reluctance of individual central banks to compromise their bullion holdings any further. These short-term uncertainties cannot be quantified, but we can have a clear idea as to gold’s current true value, expressed in US dollars. This is the subject of our next chart.
gold 2016 2
The chart shows the price of gold deflated by both the increase in FMQ over the years and by the expansion of above-ground gold stocks, since the price was fixed at $35 in 1934 by President Roosevelt. Adjusted by these two factors, gold at end-December 2015 was priced at the equivalent of $3.25 in 1934 dollars, less than 10% of the 1934 price. The only occasion the adjusted price has been lower was in 1971, just months before the Nixon shock, when the Bretton Woods system finally collapsed. The adjusted price stood at $3.13 in March that year.
The next chart shows the same price adjustments applied to the gold price, this time from August 2008, when the Lehman crisis broke and the nominal gold price was $918.
gold 2016 3
The adjusted price, reflecting the expansion of both the FMQ and above-ground gold stocks, now stands at $402, a decline of 56% in real terms since Lehman.
On value considerations, we can therefore conclude the following:
• Gold is cheaper than it has ever been against the world’s reserve currency, with the single exception of the time when it was so under-priced that the US Government was forced to scrap its peg at $35 and abandon the Bretton Woods Agreement.
• Compared with the situation at the time of the Lehman crisis, gold is significantly cheaper today, which is wholly at odds with the continuing systemic risk to fiat currencies from undercapitalised banks, unprepared for the prospect of markets normalising.
Many contemporary financial analysts would argue that gold is not relevant to these issues, because gold is no longer money. This line of reasoning ignores the fact that ordinary people in the west do not get this message and are accumulating gold coins and small bullion bars at increasing rates. And more importantly, economic power is shifting from countries where this Keynesian view is prevalent to countries where it is not. The next section looks at the geostrategic implications of the shift in the ownership and pricing of gold from west to east.
China, India and the rest of Asia
China and India, together with all the other countries in mainland Asia, have been draining the west’s vaults of above-ground gold stocks for far longer than most people in western capital markets realise. China first delegated the management of gold policy to the Peoples Bank by regulations adopted in 1983, in a move that followed the post-Mao reforms of 1979/82. The intention behind these regulations was for the state to acquire substantial amounts of gold, to develop gold mining, and to control all processing and refining activities. At that time the west was doing its best to suppress gold in order to enhance the credibility of paper currencies, by releasing large quantities of vaulted bullion through leasing and outright sales. This is why the timing is important: it was an opportunity for China, with its one-billion plus population in the throes of rapid economic reform, to diversify growing foreign currency surpluses, in the same way as the Arab nations did earlier and contemporaneously between 1973-1990 following the oil price boom.
When China set up the Shanghai Gold Exchange in 2002 and encouraged its private sector to accumulate gold, the state had obviously acquired enough bullion for its own strategic purposes. We cannot know how much the state has actually accumulated, or indeed to what extent the gold she has mined has been taken into state ownership since, but the amount is likely to be very substantial. We do know that gross deliveries into public hands since 2002, satisfied mainly by imports from western vaults, exceed 11,000 tonnes to date. It is therefore quite possible that China and its citizens now have more gold than all the other central banks put together, given that some official gold is currently leased by western central banks and some has been secretly sold to suppress the price.
The monthly statements about China’s gold reserve additions are therefore meaningless. However, Russia is now accumulating official reserves as well, and the Indian state is trying to acquire her citizen’s gold by stealth, having been frozen out of the market through lack of supply. The bulk of Asia is, or will be, bound together through the Shanghai Cooperation Organisation, an economic partnership dominated by China and Russia, encompassing more than half the world’s population, and which accepts physical gold as the ultimate form of money. And what clearly emerged in 2015 is that the dominant trade currency in this bloc will unquestionably be the Chinese yuan, the currency of the country that has now cornered the world’s physical gold market.
The future for the world’s money is rapidly developing, as will become increasingly apparent in 2016. The era of dollar supremacy is coming to an end, no doubt hastened by the Fed’s ultimately destructive monetary policies. The threat to the dollar’s primacy is also a threat to the other great paper currencies: the euro, the yen and sterling. Whether or not these fail before, with or after the dollar, is only a matter for timing. China must have foreseen this possible outcome, otherwise she would not have embarked on a policy of accumulating gold as long ago as 1983, invested substantial resources into gold mining and refining, actively encouraged her citizens to own it, and is today promoting use of her currency for global trade and the pricing of gold.
Western market observers seem to be unaware of how advanced China’s currency policy is today. Instead, they expect a full-blown credit crisis, the result of the credit expansion of recent years being undermined by a rapidly slowing economy. Furthermore, they argue that Chinese labour costs have increased and require a much lower yuan exchange rate to become competitive again. Based on western-style macroeconomic analysis, they naturally conclude that China will require a substantial currency devaluation to contain these problems.
While it is a mistake to gloss over the considerable economic difficulties, this analysis is flawed on two counts. Firstly, the state owns the banks, so a credit crisis stops with the debtors. And secondly, under the thirteenth five-year plan, China is embarking on a redirection of economic resources from being the cheap manufacturer for the rest of the world to serving its growing middle class and developing trans-Asian infrastructure. China’s unemployment rate is estimated to be about 5%, so workers employed on current production lines will need to be redeployed, if the state’s economic strategy is to progress. A substantial devaluation is therefore counterproductive, though the central bank does move the yuan’s peg against the dollar from time to time.
The purpose behind China’s accumulation of gold can only be to eventually make the yuan a reliable store of value. China will need to see a higher gold price in yuan, probably at a time dictated by external events, which she will patiently await. This is why, having developed the Shanghai Gold Exchange into the world’s most important physical gold market, China plans to price gold in yuan, with the objective that the yuan-gold peg will eventually supersede yuan-dollar peg.
We will surely end 2016 with a wider appreciation that the dollar is no longer king, and that the future for money lies in Asia, the yuan, and gold.
Conclusion
In the near-term, paper gold is extremely oversold, reflecting the expression of western establishment sentiment in the paper markets. Futures and forward markets are short of paper gold to an extraordinary degree. Whether or not this leaves open the possibility of further falls in the dollar price of gold in the next few months is a moot point. More importantly, on longer-term considerations, gold has not been this undervalued since the events leading to the collapse of the Bretton Woods agreement. If current events lead to a systemic crisis in western capital markets in 2016, which given the global slump in economic activity looks increasingly likely, a further expansion of central bank balance sheets on top of the post-Lehman expansion seems certain. If this happens, it is unlikely the purchasing power of the dollar and the other major currencies will remain at current levels. And if the dollar loses purchasing-power, price inflation will rise along with nominal interest rates, and a wider debt liquidation in western capital markets becomes a real possibility.
China and her SCO partners have taken steps to be protected from this outcome and have cornered the gold market. A wise person should take note and think seriously about the implications.
Enjoy 2016.
https://www.goldmoney.com/our-research/goldmoney-insights/gold-in-2016?gmrefcode=gata
Could someone tell me whose blog I’m now on
Haha – The BBC did exactly that just a couple of months ago on Breakfast. They interviewed a western-dressed, london-accented young woman of middle-east appearance who claimed that another woman muttered ‘terrorist’ in her vicinity. BBC presenters duly expressed shock. It was all a bit of a non-story but to this day I wondered where they got her from. Did they advertise? Did she write in with her non-story? Did some BBC exec demand such a person be found?
“They Want To Occupy Poland Again” – Merkel, European Union Compared To Nazis In Latest Diplomatic Spat
Tyler Durden’s pictureSubmitted by Tyler Durden on 01/10/2016 10:05 -0500
European Union Germany Poland Reuters
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Ever since the Polish Law and Justice party (PiS) party won elections in October on a Eurosceptic platform, relations between the formerly staunchly pro-Europe Poland, and the European Union have been on a sharp downhill slide, and earlier today they hit a rock bottom when Poland’s justice minister dismissed an EU commissioner’s criticism of new media regulations as “silly” in a confrontational letter which according to Reuters, “marked a low in the new government’s relations with the bloc and the commissioner’s home Germany.”
It got so bad, Poland pulled out the Nazi card: minister Zbigniew Ziobro questioned Berlin’s own record on media freedoms and alluded to Nazi Germany’s occupation of Poland during World War Two in the message to EU commissioner Gunther Oettinger.
The reason for the spat is that Oettinger, responsible for the bloc’s policy on society – which supposedly means Brussels’ current propaganda director – said last week the EU’s largest eastern member should be put under supervision over its plans to put Polish public TV and radio broadcasters under state control and to change the makeup of the constitutional court. The EU executive has written to Poland asking how the new media law, giving the treasury minister the right to appoint heads of state-run broadcasters, tallies with EU rules on media freedoms.
The response was scathing: “I am not in the habit of replying to silly comments on Poland made by foreign politicians,” Ziobro wrote to Oettinger in a letter published by state news agency PAP on Saturday.
“Such words, said by a German politician, cause the worst of connotations among Poles. Also in me. I’m a grandson of a Polish officer, who during World War II fought in the underground National Army with ‘German supervision’,” he said.
The National Army was the main Polish resistance movement during World War Two, while “supervision” appeared to be a reference to the Nazi occupation of Poland.
The vocal defense promptly turned into an even sharper offense when Ziobro, whose party advocates higher state spending and conservative Catholic values, also accused German authorities of trying to cover up news of attacks on women in Cologne on New Year’s Eve.
“I came to a sad conclusion that it is easier for you to talk about fictitious threats to media freedom in other countries than to condemn censorship in your homeland,” Ziobro wrote.
There was no immediate reaction from Brussels or Berlin to the letter. Meanwhile, Poland’s foreign minister summoned the German Ambassador for a meeting tomorrow in connection with anti-Polish remarks by German politicians as relations between the two formerly close nations disintegrate.
Finally, assuring that the diplomacy between the two nations is impaired for the foreseeable future, the front page of the Polish Wprost weekly, one of the more popular media outlets in the country, showed the following picture of Merkel, and the EU Commission cronies Juncker, Oettinger and Schultz, with the title “They want to supervise Poland again.” Which, as Reuters explained above, means “occupy.”
http://www.zerohedge.com/news/2016-01-10/they-want-occupy-poland-again-merkel-european-union-compared-nazis-latest-diplomatic
Catalonia Needs Its Own Central Bank”: Spain’s Black Swan Lives As New Catalan President Sworn In.
Remember, Catalonia accounts for some 20% of Spanish GDP. “Without an agreement to share the stock of debt with Catalonia, Spain’s’ projected public debt for 2015 would move from just above 100% of GDP to about 125% of GDP,” Deutsche Bank wrote in September, describing the impact a messy separation would have for Madrid. “And this accounts only for the mechanical impact,” Deutsche added. “On 21 September Mas stated that if the central government refuses to negotiate, Catatonia might not pay back its liabilities to the central government.”
And so, the black swan lives. The question now is whether a renewed secession bid paradoxically creates political stability in Madrid by making a grand coalition between PP and PSOE possible. If Rajoy does succeed in forming a government while Catalans attempt to move forward with independence, the stage will be set for a showdown that could very well result in social upheaval.
http://www.zerohedge.com/news/2016-01-10/catalonia-needs-its-own-central-bank-spains-black-swan-lives-new-catalan-president-s
Hey Chris, never mind whos blog, are you taking notes you wont be so flippant in 12 months time.
The Europe association treaty and NATO’s involvement in Ukraine resulted in
Violent riots in Kiev
Expulsion of the Ukraine government
Annexation of the Crimea
War in eastern Ukraine
Possible enlargement of the EU without the consultation of the EU citizen
Flow of money to a country that is still ruled by corrupt oligarchs
European-NATO encroaching into former Soviet Republics
As the Netherlands head the EU presidency, the Dutch will go to the ballot box to vote against the European Ukraine association treaty. Brussels’ elite already knows that there is resentment against the enlargement of the European Union, it is however new that the referendum also includes NATO policies.
http://www.zerohedge.com/news/2016-01-10/juncker-dutch-no-vote-will-lead-big-continental-crisis
Why Germany can’t face the truth about migrant sex attacks: SUE REID finds a nation in denial as a wave of horrific attacks is reported across Europe.
More than 120 women were targeted in Cologne on New Year’s Eve
They were chased, cornered and groped; mobiles and wallets were stolen
‘The men were all foreigners, and when we protested, in German, they did not understand us,’ victim Michelle said
German ministers say 3,200 migrants a day continue to enter the country.
http://www.dailymail.co.uk/news/article-3391075/Why-Germany-t-face-truth-migrant-sex-attacks-SUE-REID-finds-nation-denial-wave-horrific-attacks-reported-Europe.html