Meanwhile In China!

Of course the situation in Europe has been a huge distraction for mother events in the world so let me point something out that could be of huge consequences for New Zealand and other countries doing trade with China. First of all the collapse of the Chinese stock market which has been taking place over […]

Greece misses IMF payment in warning shot as showdown with Europe escalates

Odious debt doesn’t need repayment according to international law! Greece is to take the drastic step of skipping a €300m payment to the International Monetary Fund on Friday, invoking an obscure mechanism in abeyance since the 1970s to bundle all debts due in June and pay them at the end of the month. It is […]

Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression

Europe is not just heading into another recession.  The truth is that Europe is heading into a full-blown depression.  The economy of the EU is actually larger than the U.S. economy, and we are watching it melt down right in front of our eyes.  Things just continue to get worse in Europe, and yet somehow […]

Black Market for Body Parts Spreads Among the Poor in Europe

This will only get worse as Europe collapses and people start to starve. BELGRADE, Serbia — Pavle Mircov and his partner, Daniella, nervously scan their e-mail in-box every 15 minutes, desperate for economic salvation: a buyer willing to pay nearly $40,000 for one of their kidneys. Ervin Balo, a father of two with his wife, […]

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Nobel Peace Prize Loreate Kills Economy Off Peaceful Nation In An Act Of War!

  The EU has approved one of the toughest sets of sanctions yet on Iran’s nuclear program. It includes banning the import of Iranian natural gas into union nations. The sanctions also include a ban on financial transactions between European and Iranian banks, with some exceptions for those involving humanitarian aid, food and medicine purchases. […]

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ROFL, ROFL, ROFL…. Oh Shit It’s True; Europe Was Given The Nobel Peace Prize!

Update: Thank you Chris for pointing out the Price/Prize error. English is my second language and I know I make stupid mistakes sometimes! In what can only be described as a surreal choice the Norwegian Nobel Peace Prize was given to Europe. These days Europe only exist in the minds of a very small elite […]

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

While James Henderson over at the Standard is still trying to spin economic recovery in Europe let’s look at the reality of where most Europeans find themselves in: A devastating economic depression is rapidly spreading across the largest economy in the world.  Unemployment is skyrocketing, money is being pulled out of the banks at an […]

European Airspace To Be Opened To Drones

Obama has mandated the fact that the American Airspace has to be opened to drones by 2015. The fact is they already operate in the US. Now according to Drones UK an obscure document shows that Europe will follow suit in 2016. This means that unmanned aerial vehicles will patrol the skies of Europe with […]

Shell Pulling Cash Out Of Europe Due To “Shift In Willingness To Take Risk”

A very dangerous development indeed! Even as the ECB is desperately doing its best to stick a finger in every hole in the leaking European dam, in which just like in the US failed monetary policy is a substitute for sound fiscal one, and in which the pattern of interventions and cause and effect will […]

Zero Hedge RSS feed

Because the financial news coming from Europe comes in hard and fast I have decided for the time being at least to put the Zero Hedge RSS News feed below the Alex Jones feed. Zero hedge is one of the most reliable sources of up to date financial news and the amount of posts appearing […]

Here are some headlines you won’t find in the MSM about the collapse of Europe

As my readers know I have a thing for Zero hedge blog. I do because the bloggers there work in the financial world and know what they are talking about. Here is a selection of their headlines of today alone you might want to read up on. On Spain The Pain In Spain Is Mainly, […]

Goldman Sachs just stole Europe (even more)

If you or I would tell the bank which holds our mortgage we would only pay 90 cents on the dollar I think we would be out of our house pretty darn quick and it would most definitely be because we defaulted  on our loan. So what happened in Greece? For a good explanation read […]

Iran gives Europe the finger and takes away the oil or how you don’t fuck with the Persians

If the sorry parade of European poodles – or what analyst Chris Floyd delightfully dubbed Europuppies – had any understanding of Persian culture, they would have known that blowback for their declaration of economic war in the form of an Iranian oil embargo would be nothing short of heavy metal. Better yet; death metal. The […]

Helga’s bar or how building a financial empire on broke alcoholics is not a good idea (unless you get bailed out by non-drinking middle class idjits)

Here is a dummies guide to what went wrong in Europe: Helga is the proprietor of a bar. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her […]

Reprieve? Sanctions against Iran postponed for 6 months or the West blinked!

It may be a Pyrrhic Victory for Iran (only time will tell) but with the likely postponement of Sanctions against Iran for six months it seems it if finally dawning on European leaders that an all out attack on Iran would cause such upheaval in the global economy their citizens might wake up even more […]

Catching up on the first week of the new Year 1: Iran and Syria

These are some of the developments surrounding the pending attack on Iran. Thousands of US soldiers are deployed to Israel. This means they are not conducting exercises but are preparing to work together with Israeli soldiers in future war theatres i.e. Syria and Iran. A third explosion in as much as six weeks in one […]

Bankers have seized Europe: Goldman Sachs Has Taken Over

By Paul Graig Roberts On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from […]

Morgan Stanley Says Europe’s Pandora’s Box Has Been Opened

Oh shit! Have a sinking suspicion that the way the Eurozone has handled the past week’s Greek threat has set the stage for the collapse of the Eurozone (here’s looking at you Italy, over and over) now that Merkozy has made the possibility of a country leaving the Eurozone all too real? You are not […]

What do John Key, Bank of America and Europe have in common? Pending bankruptcy!

Update: I bet Johnny boy is shitting bricks at the moment: BofA posts a second quarterly $8.8 billion loss. John Key is a very rich man and I doubt if he will ever go back to being very poor but it remains to be seen how rich rich is in his case as the global […]

Many Predict US Financial Collapse in September

No Shit? Guess what, Europe is going with them. In Switzerland the banks are complaining that they have no more space for Gold bullion. Maybe their rich prick customers know something we don’t eh? Let us contemplate the day in the near future when the consequences of financial chicanery finally outpace the ability of the […]

Europe: Prison of Nations

Sarkozy’s ‘incoherence’ is a sign of the euro-impasse. Riots swept across Eastern Europe this winter. In Latvia 100 were arrested when they attacked the Finance Ministry with cobblestones from the quaintly restored tourist area protesting unemployment, budget and wage cuts. In Lithuania, riot police fired rubber-bullets and tear gas on a trade union march. A […]

Arms exports to Israel from EU worth €200m

As I said before, the neighbours of the Gansta neighbourhood get their share of the loot so they don’t complain to much and in exchange the gansta’s leave tehir neighbourhoods alone. CET EUOBSERVER / BRUSSELS – European Union member states authorised the export of €200 million in arms exports to Israel in 2007, the latest […]

Did he fire into the air – or shoot to kill?

Not that you’d find it in the local NZ rags (what an apt name for the third class MS NZ News outlets) Europe is a flame with riots. The reason? A policeman shot dead a 15 year old in the Exarchia neighbourhood of Athens. In most of the mainstream newspapers the riots were blamed of […]

Europe on the brink of currency crisis meltdown

By Ambrose Evans-Pritchard Last Updated: 10:52AM GMT 26 Oct 2008 Comments 69 | Comment on this article The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump. Currency pegs are being […]

Germany takes hot seat as Europe falls into the abyss

Star-crossed bankers: The European Central Bank played a shockingly destructive role Photo: REUTERS Investors will learn today whether the Paulson bail-out – fattened to $850bn (£480bn) by Congress – can begin to halt the death spiral in the credit system. So far, the response looks terrible. Germany is now in the hot seat. The collapse […]

Europe teeters on the brink of recession

The spectre of recession is looming over the eurozone after the economy in the 15-country region shrank for the first time since the single currency was introduced nearly a decade ago. Eurozone output contracted by 0.2 per cent in the three months to June, after a 0.7 per cent rise in the first quarter, official […]

War pimp alert: U.S. says Iran has missile that could hit Europe

WASHINGTON (Reuters) – The Pentagon said on Tuesday that Iran has the ability to launch a ballistic missile capable of hitting sections of eastern and southern Europe. Air Force Lt. Gen. Trey Obering, director of the Missile Defense Agency, told reporters he believes Iran now has a missile with a range of 2,000 km, but […]

Torrential rains sweep western Europe

And why is this not in our new News papers? Could this be because they don’t want us to get too worried about the Global weather changes, with our cash crop monoculture and unsustainable dairy industry which will inevitably collapse in the next couple of years? Italy declared a state of emergency in the north […]

Spain, Italy, Portugal join French fishing strike over fuel prices

And why is this not on the front page of our corporate owned News papers? Could it be because there is a conflict of interest and the powers would not want to have the fire of indignation over the speculative oil price rises stealing money from decent hard working people spread all over the globe? […]