 Believe it or not the euro zone and European Union crisis is still in the formative stages. The bailout packages arranged for Greece and Ireland are not to bail out those two countries, but to bail out the European banks that lent to them and bought their bonds when it was imprudent to do so. They knew, because they control the governments that the public of the solvent governments would bail them out. Thus, the governments of Ireland and Greece with Portugal and Spain to follow will be showered with an Anglo-American style bailout. As you know $1 trillion won’t be enough to make the banks happy, so $3 trillion will be needed. Germany says no we are not going to do that. Well, we’ll see just who the real masters of Germany are. Such policy flies in the face of German culture. It shows you though how close to the edge Europe and its euro zone really is. Germany understands, but the rest of Europe, particularly the PIIGS are in denial. The IMF has its nose under the blanket. It will lend and participate, so that it can serve its masters by keeping these wayward states completely in austerity and bondage for the next 50 years and in that process relieve them of their sovereignty. As all of Europe belatedly understands, one interest rate can never fit all. We can assure you that the euro zone is on the edge of collapse. It’s just a question of when. Nothing has been contained nor can it be contained. Like in the US the taxpayers of the solvent countries must bail out the banks and other financial institutions of Europe. The monetary policy created by the European Central Bank and the bankers has failed. Whether this was deliberate or not, we do not as yet know, but the truth will eventually surface. Currently the scapegoats are the citizens of these beleaguered countries, when in fact the real malefactors reside at the ECB and the European Parliament. These same players still do not have solutions other than destroying the Greek and Irish societies in the name of repaying the bankers. Whether you realize it or not, it has been a year since this odyssey began in Greece. We now have Ireland and they will be followed by Portugal and Spain and perhaps even Italy. |
| English.news.cn 2010-12-11 21:50:09 |  Feedback  Print RSS  |
PYONGYANG, Dec. 11 (Xinhua) -- The Democratic People's Republic of Korea (DPRK) said its army and people were ready for escalated conflicts and all-out war that would not be confined to the peninsula, the official news agency KCNA reported Saturday.
According to the KCNA, a spokesman for the National Peace Committee of Korea said in the statement released Saturday that the recent moves of the U.S. indicated that it was fully joining in South Korea's moves for a war of aggression against the DPRK after "throwing away the disguise of a hypocrite".
It was clear that if the South Korean army mobilized all flying corps, warships and missiles for a war against the DPRK and the U.S. joined them with the latest weapons, it would develop into an all-out war, not a local war, he said.
The spokesman said South Korea and the U.S. fabricated the sinking of the South Korean warship the Cheonan early this year and the recent Yonphyong Island shelling incident was aimed at sparking an all-out war.
It was ridiculous for the south to talk about a "right to self-defence". It was no more than "war servants and colonial stooges" of the U.S., he said.
"Should an all-out war break out again on this land, it will not be confined to the boundaries of the peninsula," he said.
The army and people who are ready for both escalated war and an all-out war will "deal merciless retaliatory blows" at the provocateurs and aggressors and blow up their bases and thus honorably defend the dignity and security of the nation, he said.
He warned South Korea and the U.S. to bear in mind that their ignition of a dangerous war would bring them nothing but self-destruction.
It was reported that the U.S. and South Korea held a meeting of the chairmen of the Joint Chiefs of Staff of South Korea and the U.S. in Seoul on Dec. 8 over a military attack on the DPRK under the pretext of "deterring provocation".
Tension on the peninsula increased after the exchange of artillery fire on Nov. 23 between South Korea and DPRK, which killed four people.
According to the KCNA, a spokesman for the National Peace Committee of Korea said in the statement released Saturday that the recent moves of the U.S. indicated that it was fully joining in South Korea's moves for a war of aggression against the DPRK after "throwing away the disguise of a hypocrite".
It was clear that if the South Korean army mobilized all flying corps, warships and missiles for a war against the DPRK and the U.S. joined them with the latest weapons, it would develop into an all-out war, not a local war, he said.
The spokesman said South Korea and the U.S. fabricated the sinking of the South Korean warship the Cheonan early this year and the recent Yonphyong Island shelling incident was aimed at sparking an all-out war.
It was ridiculous for the south to talk about a "right to self-defence". It was no more than "war servants and colonial stooges" of the U.S., he said.
"Should an all-out war break out again on this land, it will not be confined to the boundaries of the peninsula," he said.
The army and people who are ready for both escalated war and an all-out war will "deal merciless retaliatory blows" at the provocateurs and aggressors and blow up their bases and thus honorably defend the dignity and security of the nation, he said.
He warned South Korea and the U.S. to bear in mind that their ignition of a dangerous war would bring them nothing but self-destruction.
It was reported that the U.S. and South Korea held a meeting of the chairmen of the Joint Chiefs of Staff of South Korea and the U.S. in Seoul on Dec. 8 over a military attack on the DPRK under the pretext of "deterring provocation".
Tension on the peninsula increased after the exchange of artillery fire on Nov. 23 between South Korea and DPRK, which killed four people.
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