David Cameron Authorizes Deployment Of More Forces On Russian Borders

NATO troops on exercises in The baltic states close to Russia's border - and western leaders wonder why the Russians are pissed off? (Image source)

In one of his final acts a Prime Minister, David Cameron has given the go ahead for more British soldiers to be deployed in The Baltic States close to the borders with Russia. The troops who will be working alongside contingents from the USA and other European NATO countries are part of the latest provocation against Russia. The military build up in the Baltic region is ostensibly to counter increasing Russian aggression although as we have reported many times the aggression is coming from NATO and the EU.

Once of the justifications given for this NATO sabre rattling is the annexation by President Putin of Crimea, but that was in response to a CIA engineered coup in Ukraine which replaced a democratically elected government with a US puppet regime. In the wake of this ethnic Russians in Ukraine feared ethnic cleansing by the Ukrain government in Kiev.

Cameron, who was attending a NATO summit in Warsaw, Poland, is expected to make a case against those who doubt London’s commitment’s to the security alliance following the June 23 referendum, when 52 percent of British people voted to leave the EU.

Press TV reports:

Cameron will tell NATO and allied leaders in the summit that Britain is set to deploy 650 more armed forces in the Baltic States—Lithuania, Latvia and Estonia—as well as Poland, to help thwart “Russian aggression,” British media reported Friday.

The outgoing PM, who announced his resignation after failing to prevent a Brexit vote, will also confirm London’s commitment to spending 2 percent of its national income for military purposes.

Speaking before the summit on Thursday, he said the event would act as “a chance for us to reiterate our strong support for Ukraine and our other Eastern allies to deter Russian aggression.”

UK Defense Minister Michael Fallon confirmed the new deployment on Friday, saying that a battalion of 500 soldiers will be stationed in Estonia while another 150 troops will be sent to Poland.

“[Eastern NATO countries] feel enormous pressure from Russia doing large exercises on the border, flying over their airspace and so on,” he said, adding that NATO needs to stand together in the face of Russian President Vladimir Putin’s efforts to force others treat Russia “as the world power it used to be.”

Ties between the West and Russia have been in tatters since the Crimean Peninsula became part of Russia, having been Ukrainian since the 1950s when Ukrain was part of the Soviet Union. The people of Crimea voted to remain Russian in a referendum in March 2014. NATO and the EU had already angered the Russians by breaking a 1991 treaty by admitting former Soviet States. At the time of the Ukrainian coup, the western alliance and the EU had been working on planse to make Ukraine, Georgia and Armenia members with the stated intent of placing missile defence systems around Russia's borders.

In response to US led military provocation Russia and China have played a more subtle game by working together to undermine the status of the US dollar as global recerve currency.

Since the Crimean kerfuffle NATO has cut ties with Russia and has been increasingly deploying troops and equipment on its eastern flank with Russia. The deployment has drawn anger from Moscow, with Russian President Vladimir Putin vowing a firm response to any threat from NATO.


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Globalists Like Soros Are Now Blatantly Moving Forward Their Totalitarian World Government Agenda

Who has been pulling the strings since 2008? (Image source)

Since the 1980s, billionaire currencies and derivatives trader George Soros has been advocating a global government ans actively promoting a technocratic, globalist agenda. This agenda, which includes the redistribution of wealth from the developed nations to the economic basket cases and the abolition of national sovereignty in a system which requires that all power devolves from a single, central authority, is advanced through the faux - philanthropic Soros political fronts Open Society Foundations (OSF) and the carelessly named International Rescue (also the name of the secret agency in the Thunderbirds TV puppet show) . So what does this globalist agenda involve, and where does it come from?

The seeds of globalist ideology were sowed in the mind of young George (then known as György Schwartz) by his father, Tivadar, a Jewish lawyer who was a strong proponent of Esperanto, the 'global language'. Esperanto is a language created in 1887 by L.L. Zamenhof, a Polish eye doctor and fan of collectivist ideology, for the purpose of “transcending national borders” and “overcoming the natural indifference of mankind.” (Pity Zamenhof had not heard of English, which contains elements of Latin and Greek, Germano - Gothic and Celtic - Scandinavian languages as well as the Indo - Caucasian proto - language, but there we go.) In 1936, as Hitler was hosting the Olympics in Berlin, Tivadar changed the family name from Schwartz to Soros, an Esperanto word meaning “will soar.”

Most people think of Hitler as an extreme nationalist, but in fact he too was a globalist who believed in the abolition of borders and a world existing under the central authority of the Rome - Berlin - Tokyo axis. I'm not sure how they planned to divvy up the territory but the political philosophies of centralisation, technocracy and authoritarianism shared by the three partners indicates life would have been pretty tough had Britain, Russia and the USA not prevailed.

George Soros, who was born and raised in Budapest, Hungary, benefited greatly from his father’s decision to 'dejewify' the name and embrace world view thinking. According to independent biographers, in 1944, when aged 14, George Soros went to work for the government of the Nazi occupation. It has been said (and significantly never denied) that until the end of the war in 1945, he worked with a government official, helping him confiscate property from the local Jewish population.

The globalist agenda promoted by Soros and other elitists is apparently about the destruction of national borders but covertly about shifting power from democratically elected governments to corporate businesses. This 'Brave New World' scenario has recently been revealed through the exposure of Soros' funding of the European refugee crisis. The refugee crisis has been blamed on the civil war currently raging in Syria although it has been shown that most of the undocumented travellers arriving at EU borders are from further afield. Even a cursory examination of mainstream news video quickly identifies many as Sub - Saharan African rather than Arab.

The refugee crisis is not a naturally occurring phenomenon so did you ever wonder how all these people suddenly knew Europe would open its gates and let them in?. The rapid escalation of the crisis coincided with OSF donating money to the US-based Migration Policy Institute and the Platform for International Cooperation on Undocumented Migrants, both of which happen to be Soros-sponsored organizations. Both groups advocate the resettlement of third-world Muslims into Europe and North America.

In 2015, a British Sky News reporter on the Greek island of Lesbos, one of the main landing points for 'refugees' (and a huge problem for the government of bankrupt Greece) was given copies of “The Migrant Handbook” . It was later revealed that the booklets, which are written in Arabic, had been given to refugees before crossing the Mediterranean by a group called “Welcome to the EU.” Welcome to the EU is funded by—you guessed it—the Open Society Foundations.

Soros has not only backed groups that advocate the resettlement of third-world migrants into Europe, he in fact is the architect of the “Merkel Plan.” The destruction of Europe through flooding it with millions of unassimilated, uneducated, unskilled, unemployable Muslims is a direct plan to cause economic and social chaos on the Continent.

Another example of turmoil equaling profit for George Soros, who seems to have his tentacles in most geopolitical events. The way an organisation would gain from this by playing the markets in government bonds would take too long to explain, but it is a long game strategy involving planning twenty or thirty years ahead. Soros is 85 at the time of writing which suggests he is not expecting to be around to see his plans come to fruition. This may mean the world domination agenda may have some kind of religious element, although not necessarily connected with any established religion. A little research on one of the founders of globalist thinking and the EU's Single European Superstate philosophy, Count Richard Coudenhove - Kalergi would prove fruitful. Coudenhove - Kalergi was an advocate of white genocide through miscegenation, and of the creation of a Eurasian - African mongrel race by means of social engineering.

The biannual prize awarded by the Coudenhove - Kelergi Foundation to the figure adjudged to have done most to further the founder's ideas has recently been awarded to Angela Merkel and former President of the EU commission Herman Van Rompuy. I hope you are all noting the web of connections here. Mysteriously you find little on Google search results on the Coudenhove - Kalergi award, maybe the ruling elites like to keep it to themselves. More information may be found on his book 'Practical Idealism' a truly evil book in which the depth of contempt felt by elitists for the masses is paraded. Predictably quite a lot of this fascistic shite found its way into he thinking of Britain's elite socialist think tank, The Fabian Society.

Like Coudenhove - Kalergi, Soros is intent on destroying national borders and creating a global governance structure with unlimited powers. From comments directed toward Hungary's Viktor Orbán, we can see he clearly views national leaders as his servants, expecting them to sell his ideology to the ignorant masses. Soros definitely sees himself as some kind of evangelist preaching the globalist agenda taught to him by his early mentors and the thought leaders who formed their ideas. Soros uses a vast network of political connections to influence government policy and create crises, both economic and social, to further this agenda.

By all appearances, Soros is conspiring against humanity and is hell-bent on the destruction of Western democracies.

There have been more subtle and less prominently published calls for a "new world order" in the past, to be sure. However, at no other time have international financiers and corporate investors and their political puppets so brazenly called for global centralization than in the wake of the Brexit referendum. It is as if the decision by UK voters to quite the EU before Europe is extended to include Turkey, Georgia, Amenia and nations far beyond Europe has flipped a switch that set the propaganda generator into overdrive. All this aimed at convincing the general public that central banks must combine forces and act as one institution, and elected governments must surrender sovereignty to unelected bureaucrats in order to combat an economic crisis that isn’t even visible to laymen yet but that George Soros and his ilk are busy organising.


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No to War – No to NATO: Protesters in Warsaw Condemn US / EU Aggression

POLAND, Saturday 9 July, 2016: Crowds of anti - war protestors gathered in Warsaw to stage a rally against NATO expansion into Eastern Europe. Police tried to stop groups of people joining the demonstration, but the organizers managed to avoid confrontation and settled the issue with police officials.

Warsaw Peace Protest July 2016 - screenshot from TV news

"No to war — No to NATO" — the chants and placards of peace protestors demanded, as a substantial crowd gathered in the center of the Polish capital as close as they were permitted to get to the venue of a summit meeting attended by US President Barack Obama and other NATO national leaders.

According to protesters, the North Atlantic Treaty Organization's repeated provocations of Russia, including increased troop movements and military exercises in Baltic States Estonian and Latvia, only a few kilometers from the Russian borders Europe, represent a threat to peace and stability, and indicate that the US and its allies are preparing for a major war.

Filip Ilkowski  No , speaking for the 'No to War — No to NATO' initiative told news agencies that Polish peace activists have a long tradition of protesting against militarization. They predicted the negative consequences of the 2003 war against Iraq which has led directly to the current chaos in the middle east, and are now warning against militarization in Eastern Europe.

Ilkowski's group was one of 6 Polish organizations taking part in the 2016 Warsaw counter-summit, a series of meetings and a demonstration against NATO activities.

"From a symbolic point of view this is a very important demonstration," says Ilkowski. "Because the whole Polish political establishment and the majority of Polish media is united for both militarization and NATO troops in Poland. So when we have an alternative view and at the same time organize protest, of course it's not easy. But, at the same time, it's clearly important and in the long perspective, I think the question of militarization will be very important in Poland."

Besides local activists, the demonstration was attended by people from 18 countries including Russia, Czech Republic, Ukraine, Poland, France, Germany, Great Britain, Belgium, Spain and the US.


Phil Wilayto, a  member of the United National Antiwar coalition traveled to Warsaw from the US to voice his concerns about NATO expansion which is planned to drasg Ukraine, Georgia, Armenia and several highly unstable Balkan states into the alliance, in parallel with a similar expansion of the European Union. Wilayto said that people in the US get little  information from the media about what's really going on in the world. As we have reported earlier this year, though Obama claims his administration is "the most transparent ever" US citizens and the rest of the world get more information on US Foreign Policy from Wikileaks than from The White House ot The State Department.

"This is Presidential election year, and none of the candidates, from the right or the left is really talking about what the US is doing, how we have military forces in 150 countries around the world, how the US military budget is equal to the next 9 countries combined, how the US is pushing NATO to expand eastward, toward Russia. How the US is responsible for the increasing tensions, how the US was behind the right-wing coup that overthrew the president of Ukraine, and the new president, that came in now, wants to join NATO — what a surprise!" Wilayto said.

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NATO Baltic Mission 'All About Countering Russian Aggression'

As NATO leaders confer in Warsaw, discussing the alliance’s recent dramatic buildup of troops and military hardware close to borders between The Baltic States and Russia, western media are once more lending a helping hand to the US efforts to start an east - west shooting war by once more demonizing Russia.

The new mission of NATO is countering 'Russian aggression,'International Affairs Alanyst (and White House stooge) Sleboda commenteds, adding "This is what the summit is all about. This is why Warsaw is a particular focus of this, and the whole raison d’etre that NATO has now shifted toward Russia."

 During the summit, the alliance has finalized arrangements to increase the number of rotational troops in the Baltic and Poland, a move harshly criticized by Russia.

"'What we don’t need now is to enflame the situation by saber-rattling on the Polish border with Russia,'"former CIA analysts Ray McGovern said, quoting German Foreign Minister Frank-Walter Steinmeier, who has expressed opposition to the buildup.

Steinmeier went on to say, 'Whoever believes that a symbolic tank parade on the alliance’s eastern border will bring security is mistaken. We are well-advised to not create [a] pretext to renew an old confrontation.'"

While relations between Moscow and Berlin appear to be improving in the wake of talks between Russian President Vladimir Putin and German Chancellor Angela Merkel, Sleboda remains unconvinced, given Germany’s close ties with the United States, particularly regarding Syria. Given Germany's dependence on Russian gas we are convinced the German government has good reason to distance itself from Washington's warmongers.

"We have two security council resolutions calling for the eradication of Jabhat al-Nusra, al-Qaeda and all forces that are associated with it, and that would include [US President Barack] Obama’s proxies, at this point," Sleboda says.

"So I wouldn’t expect any cooperation. Both agree that they need to cooperate, but neither can agree on the terms for that. US terms would be for Russia abandoning Syrian President Assad and Russian terms would be for the US to abandon its efforts to overthrow the Syrian government by proxies."

McGovern nevertheless sees signs that the West’s unified stance against Russia is fracturing.

© REUTERS/ Agencja Gazeta/Adam Stepien

NATO is stationing Drones in The Baltic States close to the Russian border. This can only be an act of provocation, and very understandably The Kremlin has sent advanced Surface to Air missiles to its baltic coast enclave Kaleningrad.

 

 

Europe's Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The Verge Of Failure

by Tyler Durden, Zero Hedge, poisted by Phil T. Looker

Deutsche Ban bosses beg for small change as bank collapses (Image source)

When most recently reporting on the latest European banking crisis, yesterday we observed a surprising development involving Deutsche Bank, namely the bank's decision to quietly liquidate some of its shipping loans. As Reuters reported, "Deutsche Bank is looking to sell at least $1 billion of shipping loans to lighten its exposure to the sector whose lenders face closer scrutiny from the European Central Bank.

"They are looking to lighten their portfolio and this includes toxic debt. It makes commercial sense to try and sell off some of their book," one finance source said. Deutsche Bank, which has around $5 billion to $6 billion worth of total exposure to the shipping sector, declined to comment."

This confirms what had long been speculated, if not confirmed, namely that German banks have been some of the biggest lenders to the shipping sector, a sector which has since found itself in significant trouble as a result of the ongoing slowdown in global trade.

And now, it appears that some shipping loans gone very bad could be the catalyst for Europe's banking crisis to finally breach the most impenetrable border of all, that of Germany.

Because it is in Germany where we find what may be the next domino to fall as part of Europe's latest banking crisis incarnation: Bremen Landesbank.

Several weeks ago, the FT reported that the German Landesbank NordLB was considering taking full control of its smaller peer Bremer Landesbank (BLB), which is struggling under the weight of a portfolio of bad shipping loans. BLB, in which NordLB already owns 54.8%, warned last week that it would have to take a €400m writedown on its shipping portfolio, and that as a result it was facing a “mid-triple-digit million loss” this year.

As the FT added, the admission prompted concerns about the health of the Bremen-based bank, which had €29bn in assets at the end of 2015, and BLB’s owners have since been holding talks on how to bolster the stricken lender’s capital position.

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The FBI's Decision Could Help Trump

Though he speaks to a working class constituency Donald Trump is hardly one of them. He is not a member of the monied elite eitherm despite his having money. On top of that he has a problem with the Republican traditionalists who are appalled by his brsh, loudmouthed ways and are reluctant to unify behind Trump's presidential candidacy.

The divide in the party, very similar on outward appearance to divied in Britain where both Labour and Conservative Members of Parliament are totally out of touch with their core supporters. The same is happening all over europe where the gap between the political establishment and citizens has never been wider.

The problem of the Republicans and their democratically chosen but not yet confirmed candidate seemingly climaxed late in the primary season when Trump had a virtually unassailable lead over his rivals, yet the GOP establishment tried in a clumsy and desperate effort to broker a deal between Cruz and Kasich in order to stop the Trump bandwagon. Obviously that effort failed miserably.

Senior Republican figures such as Paul Ryan have at last given their support to Trump's candidacy while we in new media (mostly solo acts unlike the corporate owned news channels) have been obsessing over Hillary Clinton's e-mails travails. Despite protestations to the contrary nobody was surprised by the FBI / DoJ decision not to charge Hillary with the crimes she obviously committed, disgusted but after we have reported on the lawlessness and authoritarianism of the Obama administration for seven and a half years, not surprised.

The fix to keep Killary our of jail might,however, undo all the difficulty that the Trump campaign has had unifying the party. The FBI's cave - in or cop out decision not to recommend charges be brought against Crooked Hillary could unite the Republicans into an unmoveable phalanx determined to stop her advancing to The White House.

Upon learning of the news that the FBI wasn't recommending charges, Trump made a point that it was going to continue to be a topic of discussion, even if as Bloomberg notes, Clinton campaign chairman John Podesta said "we're moving on." Paul Ryan followed suit, saying that FBI director Jim Comey would be called to hearings on the matter, as well as making it known that "no one should be above the law."

Paul Manafort, Trump's campaign chairman said "Running against Clinton is good on a lot of fronts. She is the epitome of the establishment and what people see as what's wrong with the country, and what they want changed. From the standpoint of our party, no one wants a third Obama term and that's what the country sees her as."

Trump will hope to build on the momentum in an upcoming speech that will unveil changes to his tax plan, and also could announce his running mate next week. As former Senator Scott Brown, a surrogate for Trump points out, "The unifying person of the party may not be Donald Trump, but Hillary. While many people may not like him, they are going to vote for him, because they don't like or trust her."

As a reminder, Trump surged ahead of Clinton in the latest Rasmussen poll, a signal that Trump's push on an "us vs the elites" type of mentality appears to be working already as well.


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Europe's Banks In Crisis As Brexit Vote Triggers The Crisis That Has Been Waiting To Happen

There's no denying it, Europe's banking system is collapsing. From shares in Deutsche Bank and Credit Suissehitting record lows to the sky high default risk in Italy's third largest lender Monte Paschi, the panic in Europe's funding markets is proving contagious.

Tumbling to a fresh post-Brexit low, Europe's Stoxx 600 Bank Index is setting new post 2008 lows.

The establishment, politicians and bureaucrats, big finance and the academics who pose as 'experts' (though in reality they understand less of economics that the guy who runs the fruit and veg. stall down your local street market) are unequivocally blaming Brexit for the panic engulfing the global economy. They are lying of course, as they lied in their efforts to generate enough fear and panic to scare British voters into voting to remain in the EU.

The current crisis however has been waiting to happen for two years; the global economy has never recovered from the 2008 crash, an illusion of recovery was conjured by the expedient of printing money (Quantitative Easing), Italian banks are always in crisis American banks and consumers are drowning in debt, the Japanese economy is a joke having been stagnant for nearly twenty years, and the real catalyst of the current panic, Deutsche Bank, as we have reported here and elsewhere, has been teetering on the brink for a year due to its having an unsustainable level of bad debt on the balance sheet (see yesterday's posts).

From this morning's news we learn things got worse overnight again.

from Reuters:

Deutsche Bank is looking to sell at least $1 billion of shipping loans to lighten its exposure to the sector whose lenders face closer scrutiny from the European Central Bank, sources told Reuters.

While the oil tanker trade has picked up, the container and dry bulk shipping industries are struggling with their worst downturn due to a glut of ships, a faltering global economy and weaker consumer demand.

Banking and finance sources familiar with the matter said Germany's biggest lender was initially looking to offload at least $1 billion.

"They are looking to lighten their portfolio and this includes toxic debt. It makes commercial sense to try and sell off some of their book," one finance source said. "They are not looking to exit shipping."

Deutsche Bank, which has around $5 billion to $6 billion worth of total exposure to the shipping sector, declined to comment.

In that quoted section there is a reference to yet another indicator that the global economy was in massive trouble that we reported on early this year, long before the Brexit campaigns had got into gear. Stock markets, currency exchange rates and interest rates can all be manipulated but The Baltic Dry Index cannot. It monitors the amount of freight (dry goods ergo Baltic Dry) excluding oil, bulk ore and bulk grain moving around the oceans. And early this year it hit low lowest level ever recorded in the modern era. And since then the index has hovered just above that level. It' can'y go much lower because shipping companies are practically giving away capacity on their ships.

And that is the root of the crisis in the global economy, Brexit is just a diversion.


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With a referendum in Italy, ostensibly on constitutional reforms but perceived as a referendum on the leadership of the ruling elite, looming in November and the anti - globalisation, pro sovereignty Five Star Party growing in popularity all the time. Should the constitutional changes be voted down, and the against campaign is showing a comfortable lead in opinion polls at the moment, it will put a Quitaly in-out referendum, similar to the so called Brexit vote that kick off the process of Britain leaving the European Union, at the top of the agenda.


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Italy's Banks Are Crashing Like Tesla Cars, EU Bureaucrats Try To Blame Brexit

Italian banks have been dropping like flies this past couple of days.

If you recall, I did tell you a couple of weeks ago the IMF and ECB had been desperately firefighting in their efforts to hold off the Eurozone collapse until after the Referendum, so they could blame everything on Brexit.

It is no coincidence of course that only a few days after the Brexit vote everybody suddenly remembered the Eurozone was so far up shit creek even a rubber dinghy could get no further. Several Eurozone nations have been bankrupt for over a year, the largest being Italy and no matter how much cash Britain and Germany threw into the pot every week the basket case economies of southern Europe would inevitably drag down the whole edifice. And exactly as predicted by many of us who do to have an Economics PhD to prove we have been brainwashed by the Higher Education system, Italy is leading the way.

The Financial Times reports the price of a bond issued by Monte dei Paschi di Siena, Italy’s third-largest lender, plunged more than a tenth today (5 July, 2016) in the latest sign of growing investor alarm over bad debts within the country’s financial institutions.

Italians are wise enough to know there are far more important things than money (pictire: Portofino; source: blog.colourfulrebel.com

Years of lax lending standards left Italian banks ill-prepared when an economic slump sent bankruptcies soaring a few years ago. At one major bank, Banca Monte dei Paschi di Siena SpA, bad loans were so thick it assigned a team of 700 to deal with them and created a new unit to house them. Several weeks ago, the bank put the bad-credit unit up for sale, hoping a foreign partner would speed the liquidation process.

Europe's non-performing loan problem is such a huge problem that there is increasing pressure on the European Central Bank (ECB) to take this garbage on to its balance sheet. Bad debts and non-performing loans (NPLs) reduce the ability of banks to lend, thus in an economy that runs on debt, from government debt to the overdrafts and credit card balances of people like you and me. Bad debts, i.e. debts on which no interest is being earned and there is no chance of collecting outstanding repayments, consume capital and make banks more risk averse at a time when governments are desperate to kick off a consumer led recovery by making cheap, sub - prime loans available. With Italy (NPLs 13.4%) now following the same trajectory as Spain's bad debts, the situation is rapidly escalating (at an average of around 2.5% increase per year).

The bottom line is that at its core, it is all simply a bad-debt problem, and the more the bad debt, the greater the ultimate liability on investors, including people who have modest savings or deposit accounts and pension funds. The big question in Europe is: how much capacity to write off bad debt there is in the various European nations before savings and pensions have to take a haircut?

Britain’s vote to leave the EU has produced warnings of doom and gloom for the U.K. economy. However it was always the case that damage to the rest of Europe could be more serious given the precarious financial state of the Eurozone and the strain imposed on the German economy by the immigration crisis. The greatest risk is concentrated in the Italian banking sector where 17% of banks’ loans not being serviced. That is nearly 10 times the level in the U.S., where, even at the worst of the 2008-09 financial crisis, it was only 5%. Among publicly traded banks in the eurozone, Italian lenders account for nearly half of total bad loans.

Anxiety has now spread from stock markets, where shares in the world’s oldest bank have fallen by more than a quarter this week to reach a record low, after the European Central Bank demanded it shed another €10bn in bad loans.


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With a referendum in Italy, ostensibly on constitutional reforms but perceived as a referendum on the leadership of the ruling elite, looming in November and the anti - globalisation, pro sovereignty Five Star Party growing in popularity all the time. Should the constitutional changes be voted down, and the against campaign is showing a comfortable lead in opinion polls at the moment, it will put a Quitaly in-out referendum, similar to the so called Brexit vote that kick off the process of Britain leaving the European Union, at the top of the agenda.



Europe's Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The Verge Of Failure
... yesterday we observed a surprising development involving Deutsche Bank, namely the bank's decision to quietly liquidate some of its shipping loans. Reuters reported, "Deutsche Bank is looking to sell at least $1 billion of shipping loans [a market sector] whose lenders face closer scrutiny from the European Central Bank.

Smart Phones Will Not Make Banking Safer

Yet the war on cash goes on. The latest move is to encourage people to use their smartphone to do their online banking. My first reaction on reading this was, "They're having a laugh aren't they?" laptops and tablets are ridiculously easy to hijack, smartphones don't even need to be hacked, like tired old slappers whose sexual allure has gone south, but who still crave attention, they will offer themselves without needing to be asked.




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Senator Admits The FBI Is "About To Ask Putin For His Copies Of Hillary's Emails"

Hillary Clinton has long been known as a dishonest, incompetent, greedy, self serving liar. So, this blog is sure, is Donald Trump (you don't get to be a billionaire like Trump, or even worth a modest $100 million like the Clintons by being a nice person). Unfortunately, as things stand one of them will be the next President of the United states of America. It's up to you Americans, we British have just voted to break free of the European Union after a poorly funded grassroots campaign fought off a big push by establishment power and corporate money to scare or bully us into voting 'Remain'.

Image source: patriotrising.com

It is w ell known that the FBI has still not managed to recover roughly 30,000 emails deleted by Hillary Clinton from her private server. Clinton claims the messages were personal and not related to her activities as Secretary of State, although leaks from inside the FBI investigation into Clinton's mishandling of classified information while she was at The State Department suggest several staffers have testified it was impossible for her not to have known she was breaching security protocols .

We have also reported previously that the Romanian hacker 'Guccifer' who first revealed that Clinton had been using a private, unsecured mail server for her official correspondence is positive top officials in Russia (possibly Vladimir Putin himself) are in possession of those emails, and according to Judge Andrew Napolitano, there is a debate going on in the Kremlin about whether or not to release them.

Given that the FBI doesn't have the emails and Clinton says they no longer exist but what difference does it make anyway, Arkansas Republican Senator Tom Cotton  who is a Trump supporter and also  a member of the Senate Intelligence Committee, has become so frustrated he suggests the FBI ought to simply ask Putin for his copies. Cotton also took a jab at Bill Clinton's 'totally unplanned' meeting with Loretta Lynch,  on the Tarmac at Phoenix airport, saying that his plane was also on the tarmac, and he thought Bill Clinton may be waiting to climb on board to talk with him as well.

Cotton said it was shocking, but not shocking to Washington insiders, that the former president would meet with Attorney General Loretta Lynch  whose department, in addition to overseeing the building of a case against Mrs. Clinton's negligence on  security  is investigating both his wife and himself for their mishandling of the Clinton Foundation's finances. As if that was not bad enough, Attorney General Lynch is a personal friend of the Clinton's and is know to have accepted their patronage in business matters

Clinton’s decision to conduct all her official business on her own private email account on her own private server and the high handed and way she has arrogant way she has tried to bush off  official and media inquires about it was just teaser of how her administration will approach transparency and national security should she be elected, Cotton said. 

 In addition to the criminal nature of the former first lady's actions, he said, conducting official and classified business on an unsecured server exposed American national security to our enemies.
Americans should not be surprised that the former secretary of state would put America at risk, he said. Working with President Barack Obama, Clinton oversaw a foreign policy that treated allies as troublemakers and our enemies as victims with legitimate complaints about the United States. Chief among the enemies is the Islamic Republic of Iran, which Obama-Clinton empowered by lifting sanctions, thawing frozen assets, and ignoring Saudi Arabia’s support of violent terrorism.


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Non-Firing Guns & Killer Ejection Seats – UK Takes Delivery Of US Advanced Fighter Jet

RAF's new American superplane on the runway at RAF Gloucester

After almost $2 trillion of taxpayers money has been flushed down the toilet already America's latest all singing, all dancing (but unfortunately non - flying superplane, the F-35, Britain's committment to buy these junk heaps (I almost typed 'flying junk heaps' but that would be a misrepresentation,) the project may turn out to be an even bigger waste of money for Britain than 40 years of EU membership.

The first F-35 Lightning to land in the UK triggered a storm of controversy over why we were taking delivery of a hugely expensive aircraft that has shown in trials it is not fit for purpose, but also having been in development for over twenty years already looks very dated against the latest Russian and Chinese warplanes. Questions surrounding the safety and ability of an aircraft that has already cost US and British taxpayers over $1.5 trillion with recent estimates indicating that the total program cost will creep up to $2 trillion due to an embarrassing array of mishaps since the effort began to construct the jet in 2001 are no nearer to being resolved even now.

The fighter jet has been slammed by military aircraft experts in recent years as the cost continues to rise. The F-35 comes in at a cost of $150 million (£ 100 million) per aircraft, but has been saddled with continuous delays, system malfunctions, and safety issues.

This week it was reported that the aircraft’s ejection seats would snap the neck of any pilot weighing under 135 pounds while those between the weight of 135-160 pounds are considered to be highly susceptible to immediate death on ejecting.

Combat testing for the fighter jet has also been delayed for an additional year due to a persistent software glitch that causes the plane to suddenly shutdown in flight. The fleet was grounded recently when an overheating problem raised fears fears that its engine could catch fire. The fighter jets guns have also proven defective and completely unable to fire forcing a reworking of the weapons system which will not be complete until 2019.

Most concerning is that even if defense contractor Lockheed Martin and the partners of the fighter jet program are able to work past the bevy of growing system defects, glitches, and safety hazards the F-35 has consistently underperformed in flight simulations losing repeatedly to the 40 year old F-16 fighter jet in combat exercises. The F-16 costs roughly 1/10 as much as the F-35 to produce per unit. Royal Air Force flyers are using similarly venerable Jaguar fighters and Harrier Vertical Take Off Aircraft.

So the American's can seek answers from their own government, we in Britain have to ask our Ministry Of Defence Chiefs WTF they thought they were doing ordering a fighter plank plane that does nor shoot and does not fly very often.

Russian Sukhoi SU35 demonstrates that it can actually fly (Image source)

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