THE GLOBAL INSURRECTION AGAINST WESTERN OCCUPATION
Gerald Celente on Russia Today American unemployment rates are around 20%
Gerald Celente on Russia Today American unemployment rates are around 20%
19 comments:
Anonymous
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Iran extends €300 million line of credit to Cuba - 7.11.09 Iran's minister of Industries and Mines Ali-Akbar Mehrabian and Cuban Minister of Transportation Jorge Luis Sierra Iran have agreed to extend a 300-million-euro ($445 million) line of credit to Cuba to finance quick-return projects in the Latin American country. The Memorandum of Understanding was signed between the officials of the two countries at the end of their 14th joint economic cooperation committee meeting in Havana. Iran's minister of Industries and Mines Ali-Akbar Mehrabian says the new deal will increase the Iranian credit line to Havana from the current 200 million euros to 500 million. Mehrabian says the line of credit will also provide Cuba with facilities for buying Iranian goods and engineering services.
There are things besides the US in this world. Here are two founding members of the Freeworld going it alone.
Celente at least has the guts clearly to link America's "overseas" wars to the unprecedented levels of US unemployment. Bring back production, he says, and stop the wars. But who's listening anyway?
The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers, chief investment officer of Nine Points Capital Partners, today. Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis. “If the global currency crisis unfolds, then inevitably you get an alignment of a global world government. A new global currency and a new world order, so we may be moving towards that,” he said.
Five more banks fail - 120 for the year 7.11.09 Five banks failed late Friday, bringing the 2009 tally to 120. The biggest to fall was United Commercial Bank of San Francisco, which had 63 U.S. branches as well as operations in Hong Kong and Shanghai. The bank held deposits totaling $7.5 billion.
How come we are willing to believe a Celente when anything an Obama or Clinton or any of that gang spouts is dismissed with automatic contempt? What a great divide separates ruler from ruled! Of such stuff are revolutions made.
All west numbers are nonsense. Some localities and certain industries are wiped out. Detroit shantytown has 30+% and that's back in July or so with houses that go for 500 USD now. Construction industry says it's at 17% and rising as the orders finally dry up. The west banking industry has been completely wiped out and been in the red in trillions for 2-3 yrs now. The only reason it's just 120 banks belly up in USA this year is cuz they're rinsing cash out of the cretinous baboon otherwise the whole west econ would be long since terminally unemployed.
AIG requires another 2B for a next few weeks. FreddieMac needs 5B again. They're pouring more superhyperinflated cash out the window every week now than China spends annually on buying up resources around the globe.
It's all artificial and absurd. And it cannot be averaged. 65% of USA assets are owned by 400 people. One cannot average that with the rest of the 300M baboons who carry each a 5K rolling personal debt and some 120K debt as comrade Obama slaps it on them and get some half-sane number.
All west econ is 100% total nonsense. Always been! There is no such thing as a free market or econ for that matter. No supply and demand! No competition!
It's just a fascist dictatorial arbitrary monopolistic price-fixing cash-swindle artificial-inflation loan-slavery rule.
Thanks to Russia, this west disease has come to an end with the brilliant and irreversible May 2006 dollar monopoly nuking. The rest is academic.
But it's not so bad cuz we can estimate the beauty of west cesspit "econ" by other far more telling indicators such as the comrade Obama's new bill: soon the baboon will be choosing twixt a medical insurance that comes with a vaccination or 5 yrs of hard labour in one of the many comrade Obama's barbwire camps.
Talking about health care and vaccination, here's the latest scam: National H1N1 Epidemic Declared in Bulgaria Recombinomics - November 7, 2009 The Health Ministry made the decision based on the grounds that the number of people with swine flu has reached 210 per 10 000. Thus, all schools in Bulgaria will be in a swine flu break all of next week (9-14 November). The Health Ministry recommends limiting the number and scope of public events. The above comments describe the declaration of a national swine flu epidemic in Bulgaria. Earlier this week an epidemic level of H1N1 had been reported in a select number of Oblasts and municipalities (see map). However, this level was subsequently reported for the entire country, so an epidemic was declared. Although the number of fatalities reported this far are markedly below the levels reported for Ukraine, the rapid spread of H1N1 in Bulgaria raises concerns that there will be a dramatic increases in cases and deaths in the area. Spikes in deaths have already been reported in Turkey and Italy, although none have approached the numbers reported in Ukraine, where influenza/ARI cases are approaching 1 million, and will likely surpass that number in the next report.
Also talk of Swine Flu in Afghanistan! As though that poor country didn't have other things to worry about.
AIG posts profit of 455 million dollars 7.11.09 (WRH) Bailed out insurance giant AIG on Friday announced a profit of 455 million dollars in the third quarter, a massive turnaround from a 24.4 billion dollar loss in the same period last year. poiuytr, quite agree that all west econ is a farce. Still, how does this news item square with what you say above about AIG requiring a fresh 2B bailout for the next few weeks?
How can west do that? They've murdered millions and wiped out nations with DU, not to mention the 4X millions they've maimed for life.
West can stop the wars but the wars don't stop there!
It's "either or" now.
There is no comfy solution for west now. Hasn't been for a decade. The west baboon chose its fate and so it shall reap it.
But that should be cheered and celente with other such west media whores should be ignored for they're all 911 perpetrators, west war junta sickly minions, and let's be fair to them: morons.
BTW, there is no link twixt the wars and USA unemployment. It's got nothing to do with the Helmand defeat. It's got nothing to do with derivative markets. It's got nothing to do with realestate oversight. It's got nothing to do with consumer confidence. It's got nothing to do with gold prices.
USA & the west-wide econ prolapse is all due to the dollar monopoly death of 2006, nothing else.
Had west managed to maintain the monopoly, the mad money printing would have been fine like it was during Reaganomics years.
The significance of the wars is that it's west's last chance of survival. Either west achieves its hitler westdream of conquering the entire globe which includes SouthAm, China, and of course Russia or it will have to turn its trailer squalor over to the creditors -- sooner or later -- be taken apart brick by brick and perish even from maps.
But again, it's a situation that oughtta be jubilated with large challise toasts filled with the finest hooch one's household provides.
Oh, but that's the beauty of the west cesspit, isn't it?
Your info speaks of profits, undoubtedly from "bailout", which technically aren't profits but pure theft or over-theft, in the case of west banking.
But while AIG gives self bonuses on achieving a profit, it still dips into the baboon pocket taking another 2B USD from it for personal investments.
Here's the link to that tale. http://www.reuters.com/article/governmentFilingsNews/idUSN0620626420091106
That's the beauty of it all. All things west are so perverted, so psychotically bent out of shape that it's the size of the very perversion that precludes a human to even note it. West crimes are so huge that a human cannot wrap the mind around it.
"west is THE disease" is the most accurate summary whether we're talking west voodoo econ numbers, west war junta vampire conduct, or the obese generations of west child murdering christianic swill.
Thanks, poiuytr, you analysed the apparent discrepency in AIG figures beautifully. Indeed, may they be wiped off the maps forever, the disease-carrying west and its friends in the Freeworld.
How the Iraq War Destroyed the Economy Wars reduce the GDP, destroy jobs, reduce productivity, and increase the trade deficit! If wars are 'bad' for the economy, then how are they sold so easily? The quick response: they are sold with focus group tested bullshit! There's a 'living' in killing, we are told! There is a more opulent living in the commissioned mass murder which requires the construction of tanks, smart bombs, and fighter jets --the MIC, in other words. But that's all just snake oil for idiots and Republicans! That wars are good for the economy is just a bald-faced lie cooked up by the defense lobby for whom killing IS a living but only for the shrinking one percent who benefit: the Military/Industrial complex, truly MURDER INC. Fact is war is most often disastrous for the economy. In fact, most models show that military spending diverts resources from productive uses, such as consumption and investment, and ultimately slows economic growth and reduces employment. In this way, military spending is comparable in most models to any other form of government spending, such as spending on public goods or improving the environment. The impact of an increase in annual military spending equal to 1 percent of GDP (approximately the actual increase in spending compared with the pre-war budget) of the Global Insight macroeconomic model (see Appendix). The Global Insight model was selected for this analysis because it is a commonly used and widely respected model.1 Other models will show somewhat different projections, but it is unlikely that the direction of the long-term impact on any of the key variables will be different. In fact, because of the structure of the Global Insights model, it likely understates the negative impact of military spending relative to other models. --The Economic Impact of the Iraq War and Higher Military Spending>
"American interests, economy, and way of life have no right to exist."
What poetry!
I agree: the measure of west demise cannot be anchored in the west mindrape.
But I think this thing is just a celebration of the rising west unemployment or pain, shall we say. There's no pretense here that west numbers are real or to be taken seriously. It's merely just the wonderfully unmistakable trend that's emerging out of the west misinfo fog.
It doesn't matter whether USA is suffering 10%, 17%, or 30% unemployment. What matters again is the derivative here: the trend, the brilliant trend that points to the terminal prolapse of this psychotic deranged child murdering beast and the marvelous sacking of the west coffers via the bailout theft by the west war junta.
On some level, it's also fun to watch the west media whores unable to synch up their lies, and the amount of torment the west baboons are willing to accept.
Russia's Medvedev: Sanctions against Iran possible - 08.11.2009 What the hell is this? If true then we ae witnessing the real performance of the zioChabad Lubavitchers being implemented openelt now by Medevdev and Co. Russia is encircled and if Iran is gone then Russia wwill be totaly under the Thumb of the ziowest, but that does not bother Mr. Medvedev since he too most probably belongs to the zioNWO. What international rules that Iran should abide by???? There is nothing written in the NPT about Iran delivering its enriched Uranium to anybody, least of all to those that are sitting on Piles of nuclear weapons!!!!
http://www.google.com/hostednews/ap/article/ALeqM5iBLHJGdHUD5xKiB9QYH6NlZhfTXgD9BQL3580 Russia's Medvedev: Sanctions against Iran possible MOSCOW — Russian President Dmitry Medvedev has signaled that Moscow could back sanctions against Iran if it fails to take a constructive stance in international talks over its nuclear program. Medvedev says in an interview with Germany's Der Spiegel magazine that Iran must abide by the international rules and not try to hide its nuclear facilities. His comments were released by the Kremlin Saturday. Medvedev says it would be better to avoid sanctions, but they can't be excluded if there is no progress in the talks. The comments follow up on Medvedev's statement in September that sanctions are sometimes inevitable. Medvedev's remarks contrast with the words of Prime Minister Vladimir Putin, who has warned that the threat of sanctions could thwart talks with Iran.
This follows on the heels of another piece in which Russia welcomes "constructive" US proposals on new START treaty. All things to all men, eh, Russia?
Poland demands US troops be based on Polish soil - 6.11.09 Poland has demanded that US troops be based on Polish soil in the wake of Russian war games which simulated a nuclear attack and invasion. By Andrew Osborn in Moscow and Matthew Day in Warsaw Radek Sikorski, Poland's foreign minister, said he was alarmed by recent military exercises conducted by the Russian army in Belarus, a country that borders Poland, and wanted the US military as a counterweight. "We would like to see US troops stationed in Poland to serve as a shield against Russian aggression," he said. "If you can still afford it, we need some strategic reassurance." Despite assurances given by US Vice President Joe Biden last month that Washington would stand by its Central-European ally there is growing unease in Poland that its interests have been sacrificed by an America eager to curry favour with Moscow. Earlier this year, the US cancelled a missile defence shield that Poland was due to host, and details of its replacement remain scarce. Mr Sikorski complained there were only six American soldiers on Polish soil.
Europe, Japan and USA To Trigger Major Debt Crisis (Pravda.ru) The world may face another crisis of confidence, this time in the governments of continental Europe, Great Britain, Japan, and the USA. According to Christophe Bernard, managing director of one of the largest Swiss banks, Union Bancaire Privée (UBP), these countries risk suffering a defeat in restructuring their external debt. This could happen because their debt burden could grow to up to 20-30% of their budgets. Market participants interviewed by RBK Daily believe that this scenario is likely, but hope that regulators in these countries will not make it happen. Christophe Bernard thinks that there are a number of global risks that seem unlikely now, but could come true in the next two to three years. Giving his speech at the Russian CFO Summit organized by Adam Smith Institute on 27-30 October 2009 in Moscow, he mentioned that last summer bankruptcy of Leman Brothers seemed unbelievable. Christophe Bernard is worried that external debt of the leading developed countries can grow from 10 percent (on average) to 20-30 percent of their budget. This will cause inability of the governments to service their foreign currency debts at the current interest rates. As a result, leading countries of the European Union, Japan, Great Britain and then the USA will not be able to restructure their debt burden and will lose trust of both creditors and investors. Bernard told in an interview to RBK Daily that the new crisis of confidence will be channeled not towards certain banks and companies, but entire governments. This scenario is scary, and the governments of these countries are trying to avoid excessive growth of their debt burden.
19 comments:
Iran extends €300 million line of credit to Cuba - 7.11.09
Iran's minister of Industries and Mines Ali-Akbar Mehrabian and Cuban Minister of Transportation Jorge Luis Sierra
Iran have agreed to extend a 300-million-euro ($445 million) line of credit to Cuba to finance quick-return projects in the Latin American country.
The Memorandum of Understanding was signed between the officials of the two countries at the end of their 14th joint economic cooperation committee meeting in Havana.
Iran's minister of Industries and Mines Ali-Akbar Mehrabian says the new deal will increase the Iranian credit line to Havana from the current 200 million euros to 500 million. Mehrabian says the line of credit will also provide Cuba with facilities for buying Iranian goods and engineering services.
There are things besides the US in this world. Here are two founding members of the Freeworld going it alone.
Celente at least has the guts clearly to link America's "overseas" wars to the unprecedented levels of US unemployment. Bring back production, he says, and stop the wars. But who's listening anyway?
The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers, chief investment officer of Nine Points Capital Partners, today. Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis.
“If the global currency crisis unfolds, then inevitably you get an alignment of a global world government. A new global currency and a new world order, so we may be moving towards that,” he said.
Five more banks fail - 120 for the year
7.11.09
Five banks failed late Friday, bringing the 2009 tally to 120.
The biggest to fall was United Commercial Bank of San Francisco, which had 63 U.S. branches as well as operations in Hong Kong and Shanghai. The bank held deposits totaling $7.5 billion.
16:23 -- 75% unfit to be murderers
Imagine the mental diarrhea the USA generation is -- unable to pass the test or squeeze into the murder fatigues.
It's amazing but this generation is probably even more cretinous than that of their parents.
How come we are willing to believe a Celente when anything an Obama or Clinton or any of that gang spouts is dismissed with automatic contempt? What a great divide separates ruler from ruled! Of such stuff are revolutions made.
All west numbers are nonsense. Some localities and certain industries are wiped out. Detroit shantytown has 30+% and that's back in July or so with houses that go for 500 USD now. Construction industry says it's at 17% and rising as the orders finally dry up. The west banking industry has been completely wiped out and been in the red in trillions for 2-3 yrs now. The only reason it's just 120 banks belly up in USA this year is cuz they're rinsing cash out of the cretinous baboon otherwise the whole west econ would be long since terminally unemployed.
AIG requires another 2B for a next few weeks. FreddieMac needs 5B again. They're pouring more superhyperinflated cash out the window every week now than China spends annually on buying up resources around the globe.
It's all artificial and absurd. And it cannot be averaged. 65% of USA assets are owned by 400 people. One cannot average that with the rest of the 300M baboons who carry each a 5K rolling personal debt and some 120K debt as comrade Obama slaps it on them and get some half-sane number.
All west econ is 100% total nonsense. Always been! There is no such thing as a free market or econ for that matter. No supply and demand! No competition!
It's just a fascist dictatorial arbitrary monopolistic price-fixing cash-swindle artificial-inflation loan-slavery rule.
Thanks to Russia, this west disease has come to an end with the brilliant and irreversible May 2006 dollar monopoly nuking. The rest is academic.
But it's not so bad cuz we can estimate the beauty of west cesspit "econ" by other far more telling indicators such as the comrade Obama's new bill: soon the baboon will be choosing twixt a medical insurance that comes with a vaccination or 5 yrs of hard labour in one of the many comrade Obama's barbwire camps.
Talking about health care and vaccination, here's the latest scam:
National H1N1 Epidemic Declared in Bulgaria
Recombinomics - November 7, 2009
The Health Ministry made the decision based on the grounds that the number of people with swine flu has reached 210 per 10 000.
Thus, all schools in Bulgaria will be in a swine flu break all of next week (9-14 November). The Health Ministry recommends limiting the number and scope of public events.
The above comments describe the declaration of a national swine flu epidemic in Bulgaria. Earlier this week an epidemic level of H1N1 had been reported in a select number of Oblasts and municipalities (see map). However, this level was subsequently reported for the entire country, so an epidemic was declared. Although the number of fatalities reported this far are markedly below the levels reported for Ukraine, the rapid spread of H1N1 in Bulgaria raises concerns that there will be a dramatic increases in cases and deaths in the area. Spikes in deaths have already been reported in Turkey and Italy, although none have approached the numbers reported in Ukraine, where influenza/ARI cases are approaching 1 million, and will likely surpass that number in the next report.
Also talk of Swine Flu in Afghanistan! As though that poor country didn't have other things to worry about.
AIG posts profit of 455 million dollars
7.11.09 (WRH)
Bailed out insurance giant AIG on Friday announced a profit of 455 million dollars in the third quarter, a massive turnaround from a 24.4 billion dollar loss in the same period last year.
poiuytr, quite agree that all west econ is a farce. Still, how does this news item square with what you say above about AIG requiring a fresh 2B bailout for the next few weeks?
18:16 -- stop wars?
How can west do that? They've murdered millions and wiped out nations with DU, not to mention the 4X millions they've maimed for life.
West can stop the wars but the wars don't stop there!
It's "either or" now.
There is no comfy solution for west now. Hasn't been for a decade. The west baboon chose its fate and so it shall reap it.
But that should be cheered and celente with other such west media whores should be ignored for they're all 911 perpetrators, west war junta sickly minions, and let's be fair to them: morons.
BTW, there is no link twixt the wars and USA unemployment. It's got nothing to do with the Helmand defeat. It's got nothing to do with derivative markets. It's got nothing to do with realestate oversight. It's got nothing to do with consumer confidence. It's got nothing to do with gold prices.
USA & the west-wide econ prolapse is all due to the dollar monopoly death of 2006, nothing else.
Had west managed to maintain the monopoly, the mad money printing would have been fine like it was during Reaganomics years.
The significance of the wars is that it's west's last chance of survival. Either west achieves its hitler westdream of conquering the entire globe which includes SouthAm, China, and of course Russia or it will have to turn its trailer squalor over to the creditors -- sooner or later -- be taken apart brick by brick and perish even from maps.
But again, it's a situation that oughtta be jubilated with large challise toasts filled with the finest hooch one's household provides.
20:01 -- AIG
Oh, but that's the beauty of the west cesspit, isn't it?
Your info speaks of profits, undoubtedly from "bailout", which technically aren't profits but pure theft or over-theft, in the case of west banking.
But while AIG gives self bonuses on achieving a profit, it still dips into the baboon pocket taking another 2B USD from it for personal investments.
Here's the link to that tale.
http://www.reuters.com/article/governmentFilingsNews/idUSN0620626420091106
That's the beauty of it all. All things west are so perverted, so psychotically bent out of shape that it's the size of the very perversion that precludes a human to even note it. West crimes are so huge that a human cannot wrap the mind around it.
"west is THE disease" is the most accurate summary whether we're talking west voodoo econ numbers, west war junta vampire conduct, or the obese generations of west child murdering christianic swill.
Thanks, poiuytr, you analysed the apparent discrepency in AIG figures beautifully. Indeed, may they be wiped off the maps forever, the disease-carrying west and its friends in the Freeworld.
G20 maintains $1trn stimulus
• Rich nations continue rescue package
• G. Brown wants global bank bail-out fund
They may be short on brains, but they are champions of dubious schemes.
How the Iraq War Destroyed the Economy
Wars reduce the GDP, destroy jobs, reduce productivity, and increase the trade deficit! If wars are 'bad' for the economy, then how are they sold so easily? The quick response: they are sold with focus group tested bullshit! There's a 'living' in killing, we are told! There is a more opulent living in the commissioned mass murder which requires the construction of tanks, smart bombs, and fighter jets --the MIC, in other words. But that's all just snake oil for idiots and Republicans!
That wars are good for the economy is just a bald-faced lie cooked up by the defense lobby for whom killing IS a living but only for the shrinking one percent who benefit: the Military/Industrial complex, truly MURDER INC. Fact is war is most often disastrous for the economy. In fact, most models show that military spending diverts resources from productive uses, such as consumption and investment, and ultimately slows economic growth and reduces employment. In this way, military spending is comparable in most models to any other form of government spending, such as spending on public goods or improving the environment. The impact of an increase in annual military spending equal to 1 percent of GDP (approximately the actual increase in spending compared with the pre-war budget) of the Global Insight macroeconomic model (see Appendix). The Global Insight model was selected for this analysis because it is a commonly used and widely respected model.1 Other models will show somewhat different projections, but it is unlikely that the direction of the long-term impact on any of
the key variables will be different. In fact, because of the structure of the Global Insights model, it likely understates the negative impact of military spending relative to other models.
--The Economic Impact of the Iraq War and Higher Military Spending>
The best response to this post in general is:
WHO CARES?
Who gives a damn about the American economy or the criminal American people?
If the American vampire economy is in the crapper, GOOD!
All these people claim to be anti-American, yet they merely regurgitate all the USA-centric concerns and worries.
Boo fucking hoo.
American interests, economy, and way of life have no right to exist.
PERIOD.
"American interests, economy, and way of life have no right to exist."
What poetry!
I agree: the measure of west demise cannot be anchored in the west mindrape.
But I think this thing is just a celebration of the rising west unemployment or pain, shall we say. There's no pretense here that west numbers are real or to be taken seriously. It's merely just the wonderfully unmistakable trend that's emerging out of the west misinfo fog.
It doesn't matter whether USA is suffering 10%, 17%, or 30% unemployment. What matters again is the derivative here: the trend, the brilliant trend that points to the terminal prolapse of this psychotic deranged child murdering beast and the marvelous sacking of the west coffers via the bailout theft by the west war junta.
On some level, it's also fun to watch the west media whores unable to synch up their lies, and the amount of torment the west baboons are willing to accept.
Russia's Medvedev: Sanctions against Iran possible - 08.11.2009
What the hell is this?
If true then we ae witnessing the real performance of the zioChabad Lubavitchers being implemented openelt now by Medevdev and Co. Russia is encircled and if Iran is gone then Russia wwill be totaly under the Thumb of the ziowest, but that does not bother Mr. Medvedev since he too most probably belongs to the zioNWO. What international rules that Iran should abide by???? There is nothing written in the NPT about Iran delivering its enriched Uranium to anybody, least of all to those that are sitting on Piles of nuclear weapons!!!!
http://www.google.com/hostednews/ap/article/ALeqM5iBLHJGdHUD5xKiB9QYH6NlZhfTXgD9BQL3580
Russia's Medvedev: Sanctions against Iran possible
MOSCOW — Russian President Dmitry Medvedev has signaled that Moscow could back sanctions against Iran if it fails to take a constructive stance in international talks over its nuclear program.
Medvedev says in an interview with Germany's Der Spiegel magazine that Iran must abide by the international rules and not try to hide its nuclear facilities. His comments were released by the Kremlin Saturday.
Medvedev says it would be better to avoid sanctions, but they can't be excluded if there is no progress in the talks. The comments follow up on Medvedev's statement in September that sanctions are sometimes inevitable.
Medvedev's remarks contrast with the words of Prime Minister Vladimir Putin, who has warned that the threat of sanctions could thwart talks with Iran.
This follows on the heels of another piece in which Russia welcomes "constructive" US proposals on new START treaty. All things to all men, eh, Russia?
Poland demands US troops be based on Polish soil - 6.11.09
Poland has demanded that US troops be based on Polish soil in the wake of Russian war games which simulated a nuclear attack and invasion.
By Andrew Osborn in Moscow and Matthew Day in Warsaw
Radek Sikorski, Poland's foreign minister, said he was alarmed by recent military exercises conducted by the Russian army in Belarus, a country that borders Poland, and wanted the US military as a counterweight.
"We would like to see US troops stationed in Poland to serve as a shield against Russian aggression," he said.
"If you can still afford it, we need some strategic reassurance." Despite assurances given by US Vice President Joe Biden last month that Washington would stand by its Central-European ally there is growing unease in Poland that its interests have been sacrificed by an America eager to curry favour with Moscow.
Earlier this year, the US cancelled a missile defence shield that Poland was due to host, and details of its replacement remain scarce.
Mr Sikorski complained there were only six American soldiers on Polish soil.
Europe, Japan and USA To Trigger Major Debt Crisis (Pravda.ru)
The world may face another crisis of confidence, this time in the governments of continental Europe, Great Britain, Japan, and the USA. According to Christophe Bernard, managing director of one of the largest Swiss banks, Union Bancaire Privée (UBP), these countries risk suffering a defeat in restructuring their external debt. This could happen because their debt burden could grow to up to 20-30% of their budgets. Market participants interviewed by RBK Daily believe that this scenario is likely, but hope that regulators in these countries will not make it happen.
Christophe Bernard thinks that there are a number of global risks that seem unlikely now, but could come true in the next two to three years. Giving his speech at the Russian CFO Summit organized by Adam Smith Institute on 27-30 October 2009 in Moscow, he mentioned that last summer bankruptcy of Leman Brothers seemed unbelievable.
Christophe Bernard is worried that external debt of the leading developed countries can grow from 10 percent (on average) to 20-30 percent of their budget. This will cause inability of the governments to service their foreign currency debts at the current interest rates. As a result, leading countries of the European Union, Japan, Great Britain and then the USA will not be able to restructure their debt burden and will lose trust of both creditors and investors. Bernard told in an interview to RBK Daily that the new crisis of confidence will be channeled not towards certain banks and companies, but entire governments. This scenario is scary, and the governments of these countries are trying to avoid excessive growth of their debt burden.
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