We’re On The Brink of A Major Worldwide Catastrophe: UK Heads For Unprecedented Triple-Dip-Recession While EZ Economy Still Shrinking, Greek Eurozone Exit Still Likely, Angela Merkel Suffers Major Setback, Spain’s Ruling Party Hit by Major Corruption Scandal, Japan-China-US War Imminent, Debt to GDP Ratios All Over The Planet Continue To Skyrocket…
‘Blame The Weather’ As UK Heads For Unprecedented Triple-Dip-Recession
How many ‘dips’ before a recession cycle becomes a depression structure? That is likely the question on Carney’s mind as he enters his role as top man at the BoE shortly. As The Guardian reports, an unprecedented third slump in four years looms for the UK as shoppers stay at home and vital transport links grind to a halt amid paralyzing weather. As snow blankets much of the nation, it would appear the next round of central bank easing will be to print ‘sunshine’. A series of economic releases – including weak trade data, downbeat business surveys and dreary retail sales – have fueled concerns that official figures out this week will show that output fell in the final quarter of last year. Now analysts fear a cold snap in January could lead to another quarter of contraction in Q1. The snow, bitter cold and harsh easterly winds continue to cause widespread disruption to travel by air, road and rail. “Clearly, the longer that the snow and ice lasts, the greater will be the negative impact on the economy,” IHS’ Archer added, though we are sure we will hear of the ’broken icicle fallacy’ soon enough.
ECB’s Praet Says Euro Zone Economy Still Shrinking
Deflation’s not over. It’s barely begun.
(Reuters) – European Central Bank Executive Board member Peter Praet warned Europe’s economy was still shrinking, making it necessary for euro zonestates to continue their reforms, and he dismissed fears low interest rates could spur higher inflation inGermany.
GDP for Q4? Be prepared to get that sinking feeling on Friday
Greek eurozone exit still likely despite European leaders resolve, warn economists
Greece is still likely to leave the eurozone, according to leading economists, but it could take several years as the European leaders resolve to save the debt-laden country has been underestimated.
…
Mr Roubini warned that the debate over a Greek exit easily could reignite by the end of the year after Germany’s election, if Greece’s coalition government wobbles or if Spain and Italy appear less at risk of contagion,
Angela Merkel Suffers Major Setback Months Before Federal Vote
Her Christian Democrats (CDU), led by local star David McAllister, had convinced themselves over the past week that they were on the verge of a come-from-behind victory to keep control of Lower Saxony, a vast agricultural and industrial region that resembles a U.S.-style swing state.
Spain’s Ruling Party Hit by Major Corruption Scandal
Spain’s governing Popular Party was drawn deeper into a web of corruption scandals this past week, after the Swiss authorities informed the Spanish judiciary that the party’s former treasurer had amassed as much as 22 million euros, or $29 million, in Swiss bank accounts.
The treasurer, Luis Bárcenas, resigned from his job in 2009, after being indicted in the early stages of an investigation, which is still ongoing, into a scheme of kickbacks and illegal payments allegedly involving other conservative party politicians.
Japan-China-US War Imminent
BEIJING: Amid rising tensions with Japan over disputed islands, Chinese army in a bid to scale up battle readiness has ordered its armed helicopters to shift focus from logistic missions and gear up for combat operations.
The People’s Liberation Army (PLA) planned to change the training strategy of its army aviation unit as more and more armed helicopters joined the service, PLA Daily which is the official newspaper of the military quoted an army aviation unit as saying.
The focus of army aviation unit will be shifted from logistics missions to combat ones, from building the capacity for non-war military actions to core military actions, state-run Xinhua news agency quoted the daily as saying.
CHINA POISED TO PLAY DEBT CARD – FOR U.S. LAND
NEW YORK – Could real estate on American soil owned by China be set up as “development zones” in which the communist nation could establish Chinese-owned businesses and bring in its citizens to the U.S. to work?
That’s part of an evolving proposal Beijing has been developing quietly since 2009 to convert more than $1 trillion of U.S debt it owns into equity.
Under the plan, China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.
Read more at
http://www.wnd.com/2013/01/china-poised-to-play-debt-card-for-u-s-land/#FKu41RM5SwWzR0yO.99
China: US stand on islands a ‘betrayal’
Veiled US warnings to Beijing not to challenge Japan’s control of disputed islands encouraged Tokyo’s “dangerously right-leaning” government and “betrayed” Washington’s vow of neutrality, Chinese state media said Saturday.
The comments came as Japan’s coastguard said three Chinese government ships had entered Japanese territorial waters around the islands, known as the Senkaku in Japanese and the Diaoyu in Chinese.
http://www.bangkokpost.com/news/asia/331584/clinton-warns-china-on-island-dispute-with-japan
China and Japan square up – The drums of war
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Whistler Blowers, Insiders
This what happens when you put in an illegal, unqualified president. As someone said we actually had no president since 2008 with George Booosh.
There is no strong leader of the world that was always an American president. Instead we have this illegal teleprompter negro more worried about hurting gays and people that don’t have cell phones.
US has had no president since at least 100 years or since the Federal Reserve was established.
Actually Obama is one of the better ones.
At least he is intelligent!
That is what these numbskulls hate about him, that and he is black.
When I was a kid, I heard lots of grownups at church talking about end times.
Every time there was an event (something out of the ordinary) it would be the same
end times rant. And the dooms day clock got to 2 minutes to 12.
Well I am not a kid any more I am 57 and some body has the clock at 5 minutes to 12
If IT is going to happen It will.
Peace Love and Happiness.