SPAIN has been warned by Brussels it could be refused a huge amount of financial support if it fails to get its budget deficit under control.
The European Commission has to re-rule on the possible freezing of funds for Spain, after consulting the European Parliament later this month or in early October.
It’s thought president Jean Claude Juncker is in favour of applying the first sanction if the Spanish government fails to fulfil its commitments to start taking measures to reduce the deficit in the second half of 2016 and in their draft budgets for 2017. Continue reading
THE European Union appeared more fractured than ever today after a powerful group of eastern states laid down a series of demands over migration and the economy.
Members of the influential Visegrad group, which comprises of Poland, Hungary, the Czech Republic and Slovakia, rejected migrant quotas and blasted the overbearing EU Commission with an incendiary ultimatum.
The group represents a faction of nations which have become increasingly concerned by authoritarian Brussels, with Poland and Hungary both locked in bitter legal battles with the EU.
The United States of Europe is underway and its complimenting European Army is under construction. You’re looking at quite possibly the world’s next superpower — all courtesy of Germany’s Fourth Reich. All this of course is made easier when you run two-thirds of the Troika and have pushed Great Britain out of the EU bloc. None of this would happen if America would stop suiciding itself into the dustbin of history and remain a reliable partner by standing its ground on the world stage.
Either way, yes, they’re back. If you’re looking for Nazis, you’re 70 years too late. The game plan has entered a new phase.
(Note: The article will remain in full for documentation purposes.)
“We are going to move towards an EU army much faster than people believe.”
- Critics say that the creation of a European army, a long-held goal of European federalists, would entail an unprecedented transfer of sovereignty from European nation states to unelected bureaucrats in Brussels, the de facto capital of the EU.
- Others say that efforts to move forward on European defense integration show that European leaders have learned little from Brexit, and are determined to continue their quest to build a European superstate regardless of opposition from large segments of the European public.
- “Those of us who have always warned about Europe’s defense ambitions have always been told not to worry… We’re always told not to worry about the next integration and then it happens. We’ve been too often conned before and we must not be conned again.” — Liam Fox, former British defense secretary.
- “[C]reation of EU defense structures, separate from NATO, will only lead to division between transatlantic partners at a time when solidarity is needed in the face of many difficult and dangerous threats to the democracies.” — Geoffrey Van Orden, UK Conservative Party defense spokesman.
European leaders are discussing “far-reaching proposals” to build a pan-European military, according to a French defense ministry document leaked to the German newspaper, the Süddeutsche Zeitung.
The efforts are part of plans to relaunch the European Union at celebrations in Rome next March marking the 60th anniversary of the Treaty of Rome, which established the European Community. Continue reading
GERMAN ministers have said they will bring in an effectual ban on the burka by making it illegal for women not to show their faces in public.
Senior members of Angela Merkel’s ruling coalition struck a compromise after the leader expressed unease about the full face veil, but appeared to come out against officially outlawing it.
They will now not legally ban the burka, but will instead bring in new laws requiring people to show their faces in public streets as well as in courts, offices and schools, which will effectively render the garment illegal. Continue reading
THE eurozone’s economic growth is set for another blow in the coming years, as its ageing workforce is a crisis in waiting, the International Monetary Fund (IMF) has warned.
On top of high unemployment and huge debt levels, policymakers could have to deal with tumbling productivity from workers, according to research by the Washington-based fund.
It is already known the number of eurozone retirees compared to people of working age is on track to ballon over the next couple of decades – putting a larger strain on state resources. Continue reading
Going against the insane immigration policies of Germany and Brussels is costly.
CRACKS in the EU were deepening today as it emerged fines against favoured nations were being scrapped while other countries were expected to stump up punitive sums after slipping into debt.
Last week German Finance Minister, Wolfgang Schauble, is reported to have lobbied several commissioners not to impose fines of 0.2 per cent of GDP on Spain and Portugal after they failed to reduce their fiscal deficit to 3 per cent GDP.
Spain’s deficit stood at 5.1 percent last year and Portugal’s at 4.4 percent, and under Union rules both nations have failed to take “effective action” to bring them down. Continue reading
As mentioned in previous posts, Spain will be gunning for British territory now that Brexit is in motion. The Brexit leaves the rest of the EU bitter and as a form of punishment will support Spain’s bid to take Gibraltar. Great Britain will receive no support since it exited and is no longer part of the EU.
See the following previous posts for more information:
British warships must be sent to Gibraltar to “protect it from Spain” during Brexit negotiations, a former Ministry of Defence special adviser has said.
Known as The Rock, Gibraltar lies at the end of the Iberian Peninsula in Spain, but its 30,000 residents have voted several times to remain a British Overseas Territory.
After an overwhelming 96 per cent Remain vote in June’s EU referendum, Spanish foreign minister Jose Manuel Garcia-Margallo swiftly called for the UK to share sovereignty, but the move was snubbed by Westminster. Continue reading
Investigations into past Iranian terrorist attacks in Argentina reveal the extent of its terror network in Latin America and its determination to sponsor global chaos.
On July 18, 1994, a Hezbollah suicide bomber operating under directions from Iran, rammed a truck laden with 600 pounds of explosives into the Asociación Mutual Israelita Argentina (amia) building—a Jewish community center in Buenos Aires. The ensuant blast killed 85 people and wounded more than 300 others.
Nearly 22 years later, the amia bombing remains as the worst terrorist attack in Argentine history, and it is largely unsolved. But the bombing is arguably the most revealing of the extent of Iran’s terror outreach beyond the borders of the Middle East.
As Iran has expanded and spread its acts of terrorism and its hatred for Jews all over the Earth, even right up to the United States’ backdoor, it simultaneously has worked hard to cover its tracks and present itself as a pragmatic international partner. Terrifyingly, Iran has scored some successes: The world’s number one state sponsor of terrorism is now essentially an ally of the U.S. and the West.
Time will prove that to be a fatal mistake. Continue reading
The amount of negative issues the markets are ignoring is staggering.
1. Italy’s banking system is on the verge of collapse. Nearly 20% of loans are non-performing (meaning garbage). This is not Greece. We’re talking about a €2 trillion banking system.
2. The US is in recession. Consensus is that all is well, but industrial production, labor market conditions, the corporate bond market, C&I Delinquencies, the Conference Board Leading Indicator, Inventory Accumulation and ISM are screaming “RECESSION.” Continue reading
If you don’t believe today’s infiltrated and corrupted America would wage economic warfare on its “ally”, Great Britain, think again. It already happened. You just missed the boat:
In the US Donald Trump has won the Republican presidential nomination. However, Republican convention delegates are plotting to deny Trump the nomination that the people have voted him. The Republican political establishment is showing an unwillingness to accept democratic outcomes.
The people chose, but their choice is unacceptable to the establishment which intends to substitute its choice for the people’s choice. Continue reading
As stated in the past, the Brexit will have ramifications that won’t bode well for Great Britain and some that will. For starters, the British finally have a voice that has been heard.
It’s also better that they don’t become subjugated to the Berlin-Brussels axis. However, the benefits and disadvantages get tricky as it will also make it easier for this axis to consolidate control and rein over Europe unimpeded, allowing for the United States of Europe to be created.
The largest problem Britain faces is isolation and lack of representation on the European continent. This will prove to be true in the coming months and years as they will lose support for British territories world-wide, especially Gibraltar.
Spain is now pouncing on an opportunity that was warned about months ago, if not years: It’s gunning for Gibraltar.
Brexit related headlines: Continue reading
PANIC over the stability of Spanish banks hit fever pitch yesterday, exposing yet another rupture in the financial system holding the eurozone together.
Banco Popular, one of the Spain’s leading financial firms, caused mayhem after admitting that it needed billions to bolster its balance sheet.
Shocked investors dumped shares in the firm, with the bank stock’s value plunging by 24 per cent this morning, after the cash call and plans to issue another 2 billion shares.
It resulted in €1.4billion being wiped off the value of the bank’s share price.
The advert looks like a classic perfume pitch: a sultry blonde gazes at the camera from behind pink silk drapes as a female voiceover says: “Every night a new woman is born within you…”
Then the voice announces the name of the magic fragrance: “Swine, by Rebecca Robinson”.
The made-up perfume advert is part of a new video campaign aimed to shock Spaniards into realising that they are allowing a swathe of English words to invade everyday situations, even if they often don’t know what they mean or why they are better than traditional Spanish terms.
All economies are in freefall, however the U.S. is the safe haven (for the moment) because of a rising currency and still having the world’s ‘strongest’ economy, which is now in all reality propped up by hot air. The U.S. Dollar’s rise, as the article states, will wreck the rest of the world economy before its own demise comes around the corner. Pay attention to the signs. We’re riding the roller coaster to the top before the steep drop.
It’s also true that the Petrodollar is dead. It’s no longer a factor in what keeps the U.S. Dollar alive. It’s already on the chopping block now that this anchor has been removed and is only a matter of time before the axe comes down. That was the last foundation keeping the USD secure.
Because of the wealth of the information found in this article, most of the source will remain archived here.
QUESTION: Dear Mr. Armstrong,
(a) You say that the world is losing confidence in governments and I do not question that for a minute.
(b) BUT you also say that the dollar will strengthen for various probable sounding reasons, which it is presently doing. (whereas many think it will collapse).
For the collapse theory: it appears the petro dollar is being dumped which bodes ill for the dollar remaining the prime reserve currency. ——– does not think it will and that SDR’s will replace it. Surely as this eminent position of the petro dollar declines, there will be further debasement? (loss of purchasing power) – the opposite of a stronger dollar. Continue reading