Originally compiled on the orders of King Alfred the Great, approximately A.D. 890, and subsequently maintained and added to by generations of anonymous scribes. The original language was Anglo-Saxon (Old English), but these later entries are essentially Estuary English in tone. You could say, this is an EU "Withdrawalist, Libertarian and generally reactionary blog. Regular, but amateurish"(if often a tad infantile).
Saturday, July 30, 2011
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Terror Broadcast
A few hours ago Nato conducted a precision air strike that disabled three ground-based Libyan state TV satellite transmission dishes in Tripoli to stop "terror broadcasts"
Colonel Roland Lavoie a Nato spokesman said "Our intervention was necessary as TV was being used as an integral component of the regime apparatus designed to systematically oppress and threaten civilians....".
Dose he mean broadcasts just like this??? you will observe it is designed to systematically oppress and threaten civilians.
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T ti tic tick ticking
Have you ever thought about taking out an insurance policy on your neighbours house?
Think about it? You don't own your neighbours property or pay for its upkeep but if your neighbours house burns down you collect on its full value.
Not difficult to understand is it. Apart from setting up a situation for potential fraud. It's morally wrong. Well, that is what has been happening in the financial markets.
Credit default swaps (CDS) are the mainstay of the credit derivatives market they account for more than 98 percent of all credit derivatives. They are difficult to understand, ignored by regulators and poorly reported on balance sheets. In simplest terms, CDS are insurance policies on things like bonds, loans and corporate debt. But there are two big differences: the seller of a CDS doesn't need to have the money to cover losses if the security defaults, and the buyer doesn't need to own the asset it wants to protect.
This is the time bomb which will explode in the financial sector in these comming weeks.
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Anschluss zwei (εισάγετε την πόρνη)
IT IS not being widely reported yet, but the document the European powers signed in Berlin last Thursday is in fact the founding charter of the Fourth German Reich.( Frederick Forsyth)
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The real Hacker
“Hacker: Don't tell me about the press, I know exactly who reads the papers:
the Daily Mirror is read by people who think they run the country; the Guardian is read by people who think they ought to run the country; the Times is read by people who actually do run the country; the Daily Mail is read by the wives of the people who run the country; the Financial Times is read by people who own the country; the Morning Star is read by people who think the country ought to be run by another country; and the The Daily Telegraph is read by people who think it is.
Sir Humphrey: .....what about the people who read The Sun?
Bernard: Sun readers don't care who runs the country, as long as she's got big tits.
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Euro bond investors, "made an offer they cant refuse".
Greece is defaulting on its debt, as its bond investors are being asked to swap their securities for new ones with less beneficial terms
The credit rating firms haven't yet ruled on the details of the European Union's second bailout of Greece, But it's widely expected that, under the plan, Greece will be declared in “default” meaning investors will be made an offer they cant refuse.
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Hindsight eye test
David Cameron told parliament today that "with hindsight" he would never have employed the former News of the World editor Andy Coulson and that Coulson should face "severe" criminal charges if it turned out that assurances he gave that he knew nothing about phone-hacking were lies.
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Euro Chicken
Confidence is fast dwindling in the European Union's ability to prevent debt problems in Greece, Ireland and Portugal from spreading to Spain and Italy.
Italy has moved very quickly to catch up with Spanish yields and the market has woken up to the fact that there's a much larger problem.
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Thumbs Up
Despite a debt mountain second only to that of Greece, Italy has until now managed to stay on the sidelines of the Euro crisis. But with the Greek crisis intensifying, yields on Italy's 10 year government bonds hit 5.71% today, its highest level since the launch of the euro more than a ten years ago.
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ponzi charities
The worlds scientists and the likes of friends of the earth, green peace and the WWF have been telling us about global warming for the past 15 years but how much of the £300 trillion raised in global warming schemes has been directed at East Africa?
It has all been a SCAM
For just £2 a month and these fuckers have failed. What has happened to the money?
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Red Top
On 11 March 2003, the editor of the Sun newspaper, Rebekah Wade, admitted before the House of Commons Culture, Media and Sport Select Committee that while she had been an editor with News International she had paid police officers for information. The information was given in answer to a direct question from the Labour MP, Chris Bryant.
Culture, Media and Sport Commons Select Committee 11 March 2003
467. And on the element of whether you ever pay the police for information? (Ms Wade) We have paid the police for information in the past.
468. And will you do it in the future? (Ms Wade) It depends—
By paying a police officer for information, not only does the police officer commit a criminal offence under the Public Bodies Corruption Act 1889 (as amended by the Prevention of Corruption Act of 1916) in receiving the money or other material inducement, so does the person paying the bribe.
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Killing the Bull
The head of the European Central Bank has said the bank will continue to buy Portuguese bonds even though they are not worth the paper they are printed on.
Jean-Claude Trichet who steps down in October, fiercely defended the "credibility" of his institution, which has been forced into numerous about turns - including the ratings exemption for Greece and now Portugal.
Meantime in Ireland Leprechauns have been selling plots of land at the end of rainbows.
