Crisis Conditions Grip Eurozone

Stephen Lendman


'A new week, a new crisis, a new promise for some
kind of solution and then another new crisis.'
(SMH)

From inception, the euro system was doomed to fail. In the 1990s, Progressive Radio News Hour regular Bob Chapman predicted it.

So didn't British economist/euro expert Bernard Connolly before its January 1999 introduction. His 1995 book titled, "The Rotten Heart of Europe: The Dirty War for Europe's Money" explained the risks in detail enough to understand.

More recently, he said troubled Eurozone countries can't cut their way to recovery. Austerity is a hairbrained disastrous policy. So is the "malignant lunacy of monetary union," combining 17 dissimilar countries under one monetary/fiscal system.

It's as nonsensical as mixing fire and ice or believing more debt reduces out-of-control levels.

In 1998, Connolly predicted that one or more weak European countries would face rising budget deficits, economic trouble, and a "downward spiral from which there is no escape unaided. When that happens, the country concerned will be faced with a risk of sovereign default."

It's now perilously close to happening. Greece already is bankrupt. Only its obituary hasn't been written. Its moment of truth heads closer, and with it a bang spread round the world.

Euro straightjacket rules destroyed it. Other troubled Eurozone countries face similar problems made worse by austerity and more debt. The system doomed to fail is cratering. From inception it was sure to happen, but fraudulent reengineering made it look workable.

In contrast, mainstream economists are paid to see blue skies and say so even when so often they're wrong. In addition, they consistently miss key turning points. Their Eurozone analysis is wrongheaded, and so aren't major media opinions. At least so far.


Conspiracies Make the World Go Round

Kenny's Sideshow

On the left is is a fused meteorite like piece from the fuselage of Paul Wellstone's plane taken from the film Wellstone: They Killed Him. To the right is a meteorite like relic from one of the World Trade Center towers after it exploded and collapsed. Reportedly, Wellstone's plane burned for 7.5 hours with a blue-white flame, blue gray smoke, melting the fuselage. Not your typical kerosene-based jet fuel fire. Fires and molten metal were observed for months after 9/11 at the WTC complex. Certainly it was not because of jet fuel and office materials burning. In both cases a tremendous amount of energy was required to fuse the materials shown in the photos.

Wellstone's assassination and 9/11 are intimately linked. Wellstone had questions about 9/11 and the subsequent war agenda. He was silenced. These men who have been assassinated are the models to others in Congress and the Pentagon, to stay in line and do as they are told or else.

An article on a local news site today, Hinckley Stalked Carter in Tennessee, rehashes the story of John Hinckley Jr. being arrested at the Nashville airport trying to board a plane to NY with three handguns. Jimmy Carter happened to be in town that same day and also flew to NY later on. It was six months before Hinckley Jr. allegedly tried to assassinate Reagan. There was no mention of the Hinckley and Bush family connections but the question was raised as to why the FBI allowed Hinckley to leave the city after posting a small bond. A conspiracy theorist might speculate that he was being handled. Officially he was just another lone nut who never faced a trial, only the inside of a mental institution.

That's just a couple of examples that struck me in my daily reads. Conspiracies are recognizable when they affect a great number of people in negative ways and when no one is openly and transparently held accountable. Deceptions rule the roost when the message is controlled but it seems here lately that the conspirators are getting bolder and even sloppy as it gives them a thrill to laugh in our faces and believe we won't do anything about it. This could be the year when that changes. Aren't we all a little tired of the conspiracies?


Obama's America: Tyranny and Permanent War

Stephen Lendman

December 31, 2011 will be remembered as a day of infamy. More on it below. October 17, 2006 was an earlier one under Bush.

In a White House ceremony, he signed the infamous Military Commissions Act (MCA). It authorized torture as official policy.

It also enacted sweeping unconstitutional powers to arrest, interrogate, and prosecute alleged terrorist suspects and collaborators (including US citizens), detain them (without evidence) indefinitely in military prisons, and deny them habeas and other constitutional protections.

It lets presidents call anyone anywhere an "unlawful enemy combatant," order them arrested, detained and denied all rights.

On the same day, Bush quietly signed the FY 2007 National Defense Authorization Act (NDAA). Included were hidden Sections 1076 and 333. Major media scoundrels ignored them.

They amended the 1807 Insurrection Act and 1878 Posse Comitatus Act. These acts prohibited using federal and National Guard troops for law domestic enforcement except as constitutionally allowed or expressly authorized by Congress in times of insurrection or other national emergency.

Henceforth, the executive, by diktat, can claim emergency powers, declare martial law, suspend the Constitution on "national security" grounds, and deploy federal and/or National Guard troops on US streets to suppress whatever is called disorder - including lawful peaceful protests.

At issue is abolishing fundamental First Amendment freedoms without which all others are at risk. They include free expression, assembly, religion, and right to petition government for redress. No longer.


Ratcheting Up Middle East Tensions

Stephen Lendman

Post-9/11, Washington's aggression created a Middle East cauldron. As a result, it's been on the boil. Things ahead look worse. Obama and key NATO allies threaten the entire region. In 2012, expect continued destructive violence.

Israel's partnered in this enterprise. On December 20, Jerusalem Post writer Yaakov Katz headlined, "US commander visits Israel to finalize missile drill," saying:

This spring, Washington and Israel will "hold the(ir) largest-ever missile defense exercise....amid Iranian efforts to obtain nuclear weapons."

Unprecedented in size, it'll include establishing "US command posts in Israel and IDF command posts at EUCOM headquarters (America's European Command) - with the ultimate goal of establishing joint task forces in the event of a large-scale conflict in the Middle East."

In fact, greater conflict's coming because Washington and Israel plan it. Alleged threats are fabricated. Claiming an Iranian nuclear weapons program is bogus. At issue is creating instability, chaos and violence to achieve longstanding US/Israeli geopolitical objectives. They involve redrawing the region for total dominance to Russia and China's borders.


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