EU // Current TV

Occupy Dame Street Lock Down Irish Dept. Of Finance

https://dl.dropbox.com/u/56637748/ODS-25Jan2012-Release.htm
We are Occupy Dame Street, part of Occupy Ireland and the global Occupy movement.

The morning of 25th January, 2012 - 06:30 GMT , in response to the payment of €1.25 billion to unknown bondholders of the former Anglo Irish bank, Occupy Dame Street activists peacefully locked down the Irish Department of Finance and made every effort to keep the building locked down until 5pm.

This €1.25 billion euro payment is only part of a larger €30 billion euro giveaway to as yet un-named investors / gamblers. We call on the people of Ireland to start planning resistance in your own areas to the unfair and unnecessary burden of bond/promissory payments; and to wage cuts and service reductions that, if not stopped, will further impoverish the good people of this Island nation.
https://dl.dropbox.com/u/56637748/ODS-25Jan2012-Audio1.mp3

Occupy Dame Street's Media Statement on the day (25th January, 2012)
Even under the terms of the treasonous bank bail-out agreement, there was and is no expectation that the people of Ireland make these payments. The agreement to pay, we believe, is a personal choice by the Minister for Finance Michael Noonan, reflecting very much his own deferential nature. We believe that the Minister for Finance, his cabinet colleagues, all government back bench TD’s and all those who have colluded with private banking interests have failed to realise the power of defiance and resistance.

Instead they have cowed to the bondholders and criminal consortiums who demand the profit from the labour of the Irish people, who demand the deconstruction of our health and education systems to fund their game of monopoly. Threats that there will be no money in the ATM’s of Ireland are without foundation, this has not been the experience of many other nations who refused to pay such as Iceland, Argentina and Singapore to name a few, all of which are experiencing buoyant economic growth in the teeth of this so called crisis.

We hope today’s and future actions will put powder in the gun Noonan takes with him to the IMF/ECB bankers table. We refuse to stand by as the Irish people, our families, friends and neighbours, are made debt slaves to the IMF/ECB, as has happened in so many other nations in which they have arrested power from the people.

In the coming year, and for many years to come, the Irish people, by character a hard working and generous people, will transfer under duress, €6 billion euro per year to faceless money changers. The figures are almost unimaginable and the loss to the good people of this island will be devastating.

It is for this reason that we, Occupy Dame Street, and other Occupy movements throughout the Island of Ireland, are embarking on a radical campaign of peaceful direct actions. Through such direct actions we hope to raise awareness of the reality of what is happening to our community, the unnecessary depravation for so many, that is today’s Ireland. We also hope to inspire and build a peaceful resistance movement dedicated to empowering the community of Ireland to make real the demands of Occupy Dame Street such as the realising of the potential of our natural resources and the acknowledgement of our shared intelligence and abilities through Peoples General Assemblies.

We call on the people of Ireland, political and apolitical, old and young, male and female, of every ethnic, cultural and religious background, to start planning for resistance in your own areas. If you are in the Suburbs of Dublin, Limerick, Cobh, Galway, Waterford, Letterkenny, Dundalk , Belfast or the many other urban communities of Ireland, start planning peaceful acts of resistance.

If you are in the farmland parishes of Ireland, the hills of Wicklow, the plains of Meath, the rocky outposts of Kerry or on our beautiful Islands, start talking and planning. The power to make the community of Ireland a better place to live is in our hands, lets grasp it and resist the unfair and unnecessary burden of bond/promissory payments, wage cuts and service reductions that, if not stopped, will further impoverish the good people of this Island nation.https://dl.dropbox.com/u/56637748/ODS-25Jan2012-Release.htm We are Occupy Dame... more

TheInquiringOne
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The View On The Streets: The European Union

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EU signs ACTA, global internet censorship treaty

Today, the European Union and 22 member states signed the Anti-Counterfeiting Trade Agreement (ACTA), Japan’s Ministry of Foreign Affairs announced. They have now joined the US and seven other nations that signed the treaty last October.

This signing ceremony merely formalized the EU’s adoption of ACTA last month, during a completely unrelated meeting on agriculture and fisheries, reports TechDirt.

Though initiated by the US, Japan is the official depository of the treaty.

Removal of the Three Strikes clause, in which users accused of three counts of piracy would be barred from the internet, paved the way for the EU to adopt ACTA last month.

Related to ACTA, a chapter in the Trans Pacific Partnership Agreement (TPP) “would have state signatories adopt even more restrictive copyright measures than ACTA,” reports the Electronic Frontier Foundation.

Both ACTA and TPP were developed without public input and outside international trade groups, like the World Trade Organization and the Organization for Economic Cooperation and Development.

Leaked cables published by WikiLeaks in 2009 exposed early drafts of ACTA, resulting in a firestorm of controversy. Those cables, coupled with later releases, showed that ACTA negotiationsbegan in 2006 and were controversial even to participating states. An historical summary of the treaty’s progress through December can be found here.

ACTA Violates Magna Carta and US Constitution

Like PIPA and SOPA, two domestic internet censorship bills that prompted major websites to blacken their name or website in a Jan. 18th protest, ACTA allows accusers of copyright infringement to bypass judicial review. Lack of “due process” makes these bills and ACTA unconstitutional and violates the Magna Carta, a charter signed in 1215 on which most Western law is based, including the US Constitution. It is often cited as the most important legal document in the history of democracy....

Continued at:

http://www.infowars.com/eu-signs-acta-global-internet-censorship-treaty/Today, the European Union and 22 member states signed the Anti-Counterfeiting Trade... more

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Obama to bail out Europe?

Officially it never was called an "Emergency summit." But with the European currency only days from collapse according to many economists, it was clear that European leaders came to beg the American president for help.
A closed-door conversation today between US President Barack Obama and European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso dealt with, among other things, the ongoing crisis that is spreading out of the Eurozone and into the United States.
And according to statements courtesy of Obama, the time of American intervention could be coming soon, and at a monumental cost to the American public.
The European debt crisis, says the president, is of “huge importance” to the United States, and the Obama administration is “ready to do our part” in keeping the economy overseas afloat.
As Obama attempts to postpone the impeding crumbling of the American economy — and his own administration — the president could propose a bailout to the countries of the European Union that could cost taxpayers upwards of trillions. Given that RT reported earlier today on the massive bailout extended from the Federal Reserve to the biggest banks in the country between 2008 and 2010, an offering of trillions couldn’t be out of the question.
What could be, however, are the details of the deal.
Three years after the Fed first helped out the big banks, only today was it revealed that nearly $8 trillion went to the “too big to fail” institutions to prevent just that — a massive failure. With a failure overseas impacting the worldwide economy, Obama’s comments today could imply that American funds will go to preventing a collapse of the dozen-plus countries tied to the Euro.
A collapse of the Euro could cause detrimental consequences for the American economy — an economy that has proved unstable as most evident in the unemployment rate that seems to have stayed dire since Obama entered office in 2009. In hopes of securing the presidency during the 2012 election, Obama could stand to benefit by investing in the Euro and keeping those countries tied to the currency afloat. With closed-door talks and secret deals bringing forth these talks, however, discrete deals between his administration and European officials could cause concern for American voters over the president’s alleged transparency.
Also in question is whether or not America — teetering between a rebound readmission of a recession — can afford to invest upwards of trillions into foreign nations.
Failure to compromise on the country’s deficit dilemma by the congressional supercommittee caused a Capitol Hill freakout last week, and is slated to trigger over a trillion automatic spending cuts come 2013. With the country currently up in arms over those cuts — and how to handle them — a bailout for the Eurozone could come as a nail in the coffin for the president’s campaign for reelection. On the other hand, should Obama extend money to the EU, the Euro could become stabilized and lend to a resurgence of the American dollar.
“Could” is the keyword here.
"The events in Europe obviously have an impact on our economy. It's created a headwind for much of the year … and continues to create that headwind," White House spokesman Jay Carney told reporters on Monday. While the administration has acknowledged the impact both domestically and abroad of the crumbling Euro, Obama’s comments this afternoon are only the first to suggest that an intervention by way of the American dollar could be on the way.
"This is something they need to solve and they have the capacity to solve, both financial capacity and political will," Carney adds of today’s summit.
Carney adds that "We do not in any way believe that additional resources are required from the United States and from American taxpayers.”
What, exactly, is the “part” the Obama is “ready to do” to resolve the crisis then?Officially it never was called an "Emergency summit." But with the European... more

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The Coming European Superstate That Germany Plans To Cram Down The Throats Of The Rest Of Europe

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Italy is now a banking dictatorship

Fascistas. Keep fighting people of Italy.

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Anti-Semitic my ass! Get real; go get a life!

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US and Europe Enraged Over Greek Democratic Referendum To Approve Eu Bail-Out Deal

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EU directive calls for banning of tarsands imports

Fuel from oil sands projects face effective ban under EU proposals, though UK may oppose green plan

Oil from controversial and environmentally destructive tar sands is likely to be all but banned from Europe after a decision on Tuesday. The move also casts doubt on the future of other controversial energy sources such as shale gas.

Tar sands (also known as oil sands) have been a target of green campaigners for several years, as the extraction of low quality oil from sands – chiefly in Canada to date – produces far greater greenhouse gas emissions than conventional oil drilling operations, and requires vast quantities of water. The exploitation of tar sands has also led to the destruction of swaths of forest and is blamed for water and air pollution.

In a victory for Connie Hedegaard, the EU's climate change commissioner, the commission has decided to back a new directive on fuel quality. This will set minimum environmental standards for a range of fuels, including tar sands, coal converted to liquid and oil from shale rock.

Hedegaard said: "With this measure, we are sending a clear signal to fossil fuels suppliers. As fossil fuels will be a reality in the foreseeable future, it's important to give them the right value.''

Franziska Achterberg, EU transport policy adviser for Greenpeace, said: "Today's move by the commission is good news. Tar sands extraction is a very dirty business for the climate, polluting rivers, lacing the air with toxins and turning forests into wasteland. Despite coming under intense pressure from oil lobbyists and Canada, the commission is doing the right thing by wanting to keep tar sands out of Europe to protect the climate."

The proposals have now been sent to EU member states who will meet in four to six weeks to vote on the proposal. It will then go to the European parliament for final approval.

If the proposed standards are accepted, they will all but rule out imports of tar sands, unless producers can clean up their acts. The commission has proposed that tar sands be ascribed a greenhouse gas value of 107 grams per megajoule of fuel – this compares with 87.5 grams per megajoule for ordinary crude oil, on average. Producers will also have to cut the carbon footprint of their fuels by 6% in the next decade.

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Global systemic crisis - Fourth quarter 2011: Implosive fusion of global financial assets

As anticipated by LEAP since November 2010, the second half of 2011 has started with a sudden and major relapse of the crisis. Nearly $10 trillion US Dollars of the 15 trillion USD in ghost assets announced in GEAB N°56 have already gone up in smoke. The rest (and probably much more) will vanish in the fourth quarter of 2011, which will be marked by what our team calls "the implosive fusion of global financial assets". It’s the two major global financial centers, Wall Street in New York and the City of London, which will be the "preferred reactors" of this fusion. And, as predicted by LEAP/E2020 for several months, it’s the solution to the public debt problems in some Euroland countries which will enable this reaction to reach critical mass, after which nothing is controllable; but the bulk of the fuel that will drive the reaction and turn it into a real global shock (1) is found in the United States. Since July 2011 we have only started on the process that led to this situation: the worst is ahead of us and very close!

In this issue N°57, we have chosen to address, very directly, the great manipulation organized around the Greek crisis and the Euro (2), whilst describing its direct link with the implosive fusion process of financial assets worldwide. Also in this issue, LEAP/E2020 presents its anticipations for the gold market for the period 2012-2014 as well as its analyses on neo-protectionism which will be introduced from the end of 2012. In addition to our monthly recommendations on Switzerland and the Swiss Franc, currencies, real estate and financial markets, we also present our strategic advice to the G20 leaders less than two months from the G20 summit to be held in Cannes.

Greek crisis and the Euro: Itemizing the huge manipulation in progress

But let’s come back to Greece and what is beginning to be a "very repetitive old story (3)" which, as we have already explained, returns to the front of the media stage every time Washington and London are in serious difficulties (4). Moreover, coincidentally, the summer has been disastrous for the United States which is now in recession (5), which has seen their credit rating cut (an event deemed unthinkable by all the "experts" only six months ago) and exposed their political system’s state of widespread paralysis (6) to an astonished world, all whilst being incapable of putting any serious measure in place to reduce their deficits (7). At the same time, the United Kingdom is sinking into depression (8) with riots of uncommon violence, an austerity policy that fails to control budget deficits (9) whilst plunging the country into an unprecedented social crisis (10), and a ruling coalition that doesn’t even know why it governs together against the backdrop of the scandal of collusion between political leaders and the Murdoch empire. No doubt, in such a context, everything was ripe for a media relaunch of the Greek crisis and its corollary, the end of the Euro!

If LEAP/E2020 had to summarize the "Hollywood style" or "Fox News" (11) scenario, we would have the following synopsis: "While the US iceberg is ramming the Titanic, the crew leads the passengers in search of dangerous Greek terrorists who may have planted bombs on board!" In propaganda terms, it’s a known recipe: it’s a diversion to allow, first of all, the rescue of the passengers one wants to save (the informed elite who know very well that there are no Greek terrorists on board) since everyone can’t be saved; and then, hide the problem’s true nature for as long as possible to avoid a revolt on board (including some of the crew who sincerely believe that there really are bombs on board).

Focusing on the background, we must emphasize that the "promoters" of a Greek crisis presented as a fatal crisis for the Euro have spent their time repeating it for almost two years without any of their forecasts coming to pass in any shape or form (12) (except to continue talking about it). Facts are stubborn: despite the media outcry that should have seen off many economies or currencies (13), the Euro is stable, Euroland has come on in leaps and bounds in terms of integration (14) and is about to break even more spectacular new ground (15), the emerging countries continue to diversify out of US Treasury Bonds and buy Euroland debt, and Greece’s exit from the Euro zone is still completely beyond consideration except in the Anglo-Saxon media articles whose writers generally have no idea of how the EU functions and even less of the strong trends that drive it.......

Continue at:
http://www.leap2020.eu/GEAB-N-57-is-available-Global-systemic-crisis-Fourth-quarter-2011-Implosive-fusion-of-global-financial-assets_a7640.htmlAs anticipated by LEAP since November 2010, the second half of 2011 has started with a... more

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England's Former Prime Minister Acknowledges the Current Crisis is Likely To Be Worse Than the Fall of 2008

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U.S. Federal Reserve Plans to Bail Out European Banks With Your Money (Again!)

To the list of mega-corporations bailed out by the United States government, we now must add — Europe. In an announcement that rocked financial markets worldwide, the European Central Bank announced today a concerted effort in combination with four other major central banks — the Bank of England, the Bank of Japan, the Bank of Switzerland, and yes, the United States Federal Reserve — to use dollars rather than euros in an attempt to paper over the European Union’s economic woes.

Starting in October, the Federal Reserve and other major central banks will begin auctioning allotments of dollars to the European Central Bank, which will then use the new money to shore up shaky European megabanks. The allotments, which will have three-month maturities and will be structured like typical repurchase operations (“repos”), will be issued against euro-denominated collateral and repaid, with interest, in dollars. That, at least, is the theory.

Currency swaps involving the Federal Reserve and other central banks are nothing new, and have been a focal concern of Fed opponents like Congressman Ron Paul, who has long suggested that much of the Fed’s financial chicanery has been carried out in the form of such currency deals with foreign central banks, in total secrecy. This time around, the deal is being touted openly as an unprecedented exercise in international coordination by the world’s central banks, a decisive move to solve Europe’s long-running sovereign debt crisis.

Under the terms of the arrangement, the Fed and other central banks will deal with the European Central Bank, which will then disburse dollars to European commercial banks as it deems necessary. There is no cap on the amount of dollars that the Fed may provide to the ECB under the terms of the swap arrangment, which was first agreed to in principle in May 2010. An earlier swap facility, created by the Fed in 2007 in response to the global financial crisis, had expired in February 2010.

Christine Lagarde, managing director of the International Monetary Fund, applauded the upcoming currency swaps, telling CNBC that the action “shows they will do what it takes to maintain stability in the financial system.” John Ryding, a former economist for the Bank of England, also applauded next month’s launch as a sign that Europe’s finances were finally being brought under control. “They could open up the swap lines tomorrow if they wanted to,” Ryder told CNN. “By starting in almost a month's time, it looks like there's no clear present danger.”

The markets responded with ovations as well, with European bank stocks and American stocks generally being buoyed in the wake of the announcement. Wrote one analyst of the Fed’s participation in the latest action, “Given how weak the U.S. economy is right now, we think the Fed is cognizant of the spillover risks from a European banking crisis. Providing dollar funding appears to be a low cost option.”

As usual, the latest liquidity legerdemain from the Federal Reserve has elicited short-term effusions of optimism — surely this time, Bernanke and company will get it right! But currency swaps are just more smoke and mirrors designed to stave off — yet again — the inevitable collapse of Western economies drowning in debt and addicted to easy money and credit. This time around, the Fed isn’t “injecting liquidity” into domestic finance, but into European banks, with the ECB as an intermediary. While other banks will be able to offer the ECB some of their holdings in dollars, the Fed can simply print as many dollars as it pleases and dump them on gullible Europeans. The consequence, of course, will be further erosion of the dollar worldwide.

Since Bretton Woods in 1944, the United States has enjoyed the unexampled ability to print dollars at will and export them to the rest of the world. The result has been transgenerational inflation against a backdrop of boom and bust, with every economic crisis being an opportunity to turn on the printing presses. That the rest of the world has accepted this state of affairs for so long is perplexing, since it has allowed the United States to enrich itself at the expense of everybody else — or at least, everybody willing to accept American fiat currency.......

Continue at:
http://www.thenewamerican.com/economy/sectors-mainmenu-46/9011-federal-reserve-to-bail-out-european-banks-againTo the list of mega-corporations bailed out by the United States government, we now... more

Schnookums
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