I’ve been banging on about it for weeks: the measures taken by the EU to repair the current crisis are weak. They won’t work. Why? Because they don’t attack the problem at its root – they don’t deal with ensuring that the debtor economies are strong enough to repay their loans. They’re politically motivated measures [...]
Archive for November, 2010
The Wonderful Exploding Merkel – A Challenge to the Left
Posted in International Economy, tagged debt crisis, eu debt crisis, eu financial crisis, greek crisis, ireland crisis, merkel crash, PIIGS on November 30, 2010 | 2 Comments »
Cracks in the Technostructure
Posted in International Economy, tagged wikileaks, wikileaks banks, wikileaks corruption, wikileaks corruption in banks, wikileaks finance, wikileaks on banks on November 30, 2010 | 1 Comment »
I’ll keep this short and sweet. Julian Assange – of WikiLeaks fame, and fast becoming my hero – has announced that some of the material they will be drip-feeding us in the coming weeks and months is related to high-profile banks. Assange: “We have one related to a bank coming up, that’s a megaleak… I [...]
Nuclear Meltdown: Of North Korea and Iran
Posted in International Politics, tagged china, china south korea relations, iran, iran israel relations, iran israel war, iran nuclear, iran us relations, north korea, north korea china relations, north korea nuclear, nuclear war, us, us china relations, wikileaks on November 30, 2010 | Leave a Comment »
Just to highlight some interesting stories that have developed out of the WikiLeaks cables that came out the other day (note while reading this, that various hacks working for various hack publications have condemned the leaks as gossip – perhaps this is due to their shadowy recognition that what they pass off as commentary is, [...]
A Stock Market Bubble in the Works?
Posted in International Economy, tagged 1929, bubble, coming wall street crash, dotcom bubble, stock bubble, stock market, stock market bubble, stock market crash, wall street crash on November 29, 2010 | 2 Comments »
I’ve alluded to it a few times before on this blog, but always gently – I’ve also, in the past few months, been telling my nearest and dearest to be very careful about plowing their money into the stock market… but now I think that I can make this point definitively. Here’s how I figured [...]
Pastor Schauble to the Rescue!
Posted in Irish Economy, tagged debt crisis, eu debt crisis, german austerity, irish debt crisis, irish interest rates on November 29, 2010 | Leave a Comment »
German Finance Minister Herr Schauble, is at it again – this guy is really starting to get on my nerves. While our friends in the UK are insisting that the interest-rate on our loan repayments remains low – somewhere around the 5% mark – Schauble and the Germans want blood – they’re calling for a [...]
The Shit Hits…
Posted in Media/Journalism, tagged cablegate, cablegate ireland, wikileaks, wikileaks ireland on November 29, 2010 | Leave a Comment »
What a mess! Well, its hit alright. The first batch of the Wikileaks diplomatic cables are out – and some of them are pretty juicy. The fact that Saudi Arabia have been pushing the US to bomb Iran – while no huge surprise – is certainly interesting. Berlusconi’s links to Putin are also sure [...]
The Running of the Bulls
Posted in International Economy, tagged eu debt crisis, PIIGS, portugese bonds, sovereign debt crisis, spain bailout, spanish bailout, spanish bonds on November 28, 2010 | 1 Comment »
Every year, in sunny July, certain Spaniards in certain Spanish towns engage in a rather stupid and self-destructive tradition – the running of the bulls. People may think that I’m being parochial, intolerant and un-cosmopolitan by saying that this Spanish tradition is dumb; nevertheless, I stand by my judgment. Allowing rampaging bulls to tear through [...]
Playing the Fool: On the Irish Government’s ‘Cleverness’
Posted in Irish Economy, tagged debt contagion, european debt default, ireland deafult, irish debt crisis, irish default, will ireland default? on November 26, 2010 | 3 Comments »
In the past few days I’ve suggested that Ireland should threaten her European ‘brothers’ that she might default on her debt – together with threatening to leave the Euro, I claimed that such a political maneuver might work to persuade the EU to stop its crazy austerity measures and begin using the ECB for Keynesian [...]
When the Shit Hits the Fan…
Posted in Media/Journalism, tagged corruption of world leaders, julian assange, wikileaks, wikileaks corruption on November 25, 2010 | 1 Comment »
Oh, its going to hit alright… Remember those pesky folks at Wikileaks – they brought you such videos as the purposeless killing of civilians by trigger-happy US troops in Iraq? Well, Wikileaks are back. And now they’re coming out with what looks to be some very interesting documentation. Wikileaks claim to possess heaps of US [...]
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