France Tells Ireland: Increase The Corporate Tax Rate, Or We Won’t Cut Your Bailout Rate

France Tells Ireland: Increase The Corporate Tax Rate, Or We Won’t Cut Your Bailout Rate (Business Insider, June 8, 2011):

France is set to exercise its veto in order to ensure that Ireland does not secure a cut to the interest rate on its EU bailout without first increasing its corporate tax rate.

The news, reported in both the Irish Independent and Irish Examiner this morning, comes on foot of Michael Noonan’s stern declaration yesterday that Ireland would not be “waltzed around” and sacrifice the “heart and soul” of its economic policy.

The Rxaminer’s Ann Cahill and Paul O’Brien quote a French source as saying: “The French are digging in. They will use their veto.”

“To those who are opposing us and trying to force us to change our corporation tax rate, I tell them once more today that they have no negotiating position,” Noonan had told the Dáil yesterday.

Read moreFrance Tells Ireland: Increase The Corporate Tax Rate, Or We Won’t Cut Your Bailout Rate

Biggest Bank in France Has Suddenly Cut ATM Card Access to Cash in Half and People are Freaking Out!

The Biggest Bank in France Has Suddenly Cut ATM Card Access to Cash in Half and People are Freaking Out! (Max Keiser, June 7, 2011):

* LA BANQUE POSTALE ATTAQUE SES USAGERS: BAISSE DE TOUS LES RETRAITS !!!

I just got off the phone with Pierre Jananovic . . . La Banque Postale has lowered the limits on the amounts of cash customers can withdraw per week by 50%. First of all, for you Americans and Brits, the way France works its banking system – customers are limited to how much they can withdraw per week from their accts no matter what the balance. Now what has happened here is that Gold card members – who could take out 3,000 euros a week – are now limited to 1,500 a week. This was sudden, without warning, and people here in France are freaking out. Pierre tells me that its the first clear sign that liquidity in the European banking system is drying up.

Forensic Evidence Emerges That European E.coli Superbug Was Bioengineered To Produce Human Fatalities

Don’t miss:

First Act Of Bioterrorism In Germany: Ehec Identified As Biological Terrorist Attack, HUSEC 41 Confirms Bioterrorism-Thesis


(NaturalNews) Even as the veggie blame game is now under way across the EU, where a super resistant strain of e.coli is sickening patients and filling hospitals in Germany, virtually no one is talking about how e.coli could have magically become resistant to eight different classes of antibiotic drugs and then suddenly appeared in the food supply.

This particular e.coli variation is a member of the O104 strain, and O104 strains are almost never (normally) resistant to antibiotics. In order for them to acquire this resistance, they must be repeatedly exposed to antibiotics in order to provide the “mutation pressure” that nudges them toward complete drug immunity.

So if you’re curious about the origins of such a strain, you can essentially reverse engineer the genetic code of the e.coli and determine fairly accurately which antibiotics it was exposed to during its development. This step has now been done (see below), and when you look at the genetic decoding of this O104 strain now threatening food consumers across the EU, a fascinating picture emerges of how it must have come into existence.

Read moreForensic Evidence Emerges That European E.coli Superbug Was Bioengineered To Produce Human Fatalities

EU Official Slams Secrecy Over Fukushima Contamination

Ombudsman slams secrecy over Fukushima contamination (EurActiv, Updated 03 June 2011):

Following complaints from citizens, the European Ombudsman has opened an investigation into the EU’s permitted levels of food contamination following the Fukushima nuclear accident in Japan and their communication to the wider public. Similar complaints are also being heard in France.

“Based on complaints submitted to me, it appears that a number of Union citizens perceive a lack of precise and reliable information as regards the changes made to the maximum permitted levels in the aftermath of the Fukushima accident,” wrote EU Ombudsman P. Nikiforos Diamandouros in a letter addressed to European Commission President José Manuel Barroso on 19 May.

Diamandouros noted that while the EU executive’s websites provide links to relevant adopted legislation (297/2011 and 351/2011), “no comparative information on the maximum permitted levels before and after the Fukushima accident has apparently been made available”.

Therefore, the Ombudsman decided to launch an own-initiative inquiry into the matter as a way to provide “citizen-friendly” information.

Read moreEU Official Slams Secrecy Over Fukushima Contamination

Lord Jacob Rothschild Suggests You Panic


Warren Buffett, Arnold Schwarzenegger, Jacob Rothschild

Lord Jacob Rothschild Suggests You Panic (ZeroHedge, June 03, 2011):

When The Lord tells you to panic… You panic. And beg for QE 3, 4, 5, etc. Just think of the poor bankers.

From RIT Capital Partners PLC Annual Report:

Let me look now at the time ahead. I reminded shareholders in my Chairman’s Statement last year that our aim of preserving shareholders’ capital takes precedence over short-term capital growth if we feel that there remains above-average risk of capital loss. There is, I believe, a growing awareness of the dangerous position which confronts many countries, particularly those in the developed world. In spite of these concerns, we continue to take advantage of areas that we believe are attractive, but we will remain cautious in terms of the quantum of capital that we allocate. For instance, your Company has benefited from the rise in commodity prices. Yet a noted US strategist has pointed out that commodity returns relative to equity returns are at a 200-year high on a rolling 10-year basis. We are not alone in having noted the attractive level of valuation of many quality companies, eclipsed till now by commodity and cyclical companies. After a decade of commodity leadership, a shift to a new regime is a  possibility; identifying a new trend, if indeed it comes to pass, will be a major factor in future investment performance.

The risks ahead are glaring and global. The US recovery is fragile, with millions unable to find work. The Dollar has diminished in value and the government deficit has ballooned. In Europe, the fate of the Monetary Union is in doubt and growth is likely to slow as the European Union seeks to rein in government deficits and spending in a number of their member countries. Japan’s challenge following the earthquake and tsunami is monumental. The Middle East uprisings have led to a surge in oil prices. Inflation is threatening in emerging markets. African and other poor nations are suffering from grain prices which have risen by about 70%. It is likely that the withdrawal of the fiscal and monetary stimuli which will surely come soon will have an impact on global growth: indeed there is already evidence of some slowing down since your Company’s year-end of 31 March. Stock market performance does not necessarily go hand in hand with economies. Timing is crucial, at least in the short term, for investment performance. In these uncertain times it means retaining a good quota of liquidity and being eclectic in our investments, picking our stocks and situations well as we long have done.

Chinese And German Researchers Identify Sequence Of Deadly E. Coli

See also:

First Act Of Bioterrorism In Germany: Ehec Identified As Biological Terrorist Attack, HUSEC 41 Confirms Bioterrorism-Thesis


Chinese, German researchers identify sequence of deadly E. coli (Xinhua, June 3, 2011):

BERLIN, June 2 (Xinhua) — The recent outbreak of deadly E. coli in Europe was caused by an entirely new super-toxic strain, Chinese and German researchers said Thursday, after finishing sequencing its genome.

By now, 17 Germans and one Swede have been killed after the outbreak, while more than 2,000 people across Europe were sickened. The number of people suffering from serious hemolytic-uremic syndrome (HUS) due to the infection has reached 470 in Germany.

In its latest report, the Beijing Genomics Institute in Shenzhen (BGI-Shenzhen), China’s flagship genome center, said it “has just completed the sequence and carried out a preliminary analysis that shows the current infection is caused by an entirely new super-toxic E. coli strain.”

BGI-Shenzhen was collaborating closely with the University Medical Center Hamburg-Eppendorf in Germany by using their genomic technology.

The Chinese laboratory said it had finished sequencing the genome of the bacterium upon receiving the bacterial DNA samples, with the help of the third-generation sequencing platform — Ion Torrent.

“Bioinformatics analysis revealed that this E. coli is a new strain of bacteria that is highly infectious and toxic,” BGI-Shenzhen said in the report, adding that the bacterium is an EHEC serotype O104 E. coli strain, which has never been involved in any E. coli outbreaks before.

Read moreChinese And German Researchers Identify Sequence Of Deadly E. Coli

Europe E.coli is toxic new strain – Russia bans EU vegetables over deadly E.coli outbreak

Don’t miss:

First Act Of Bioterrorism In Germany: Ehec Identified As Biological Terrorist Attack, HUSEC 41 Confirms Bioterrorism-Thesis


E. coli in Europe outbreak a new strain, says WHO (CTV NEWS, Jun. 2, 2011)

Europe E.coli is toxic new strain, trade row grows (Reuters, Jun. 2, 2011):

(Reuters) – A highly infectious new strain of E.coli bacteria is causing a deadly outbreak of food poisoning in Germany, scientists said on Thursday, with cases in Europe and the United States raising the alarm worldwide.

Experts in China, part of a global network of laboratories racing to understand the sickness which killed a 17th victim overnight, said they had found the bug carried genes that made it resistant to several classes of antibiotics.

The United Nations said the strain had not infected people before but some consumers, especially in Germany, said they were nervous about eating raw vegetables.

With around 1,500 people in Germany already ill in one of the worst recorded outbreaks of E.coli, Russia prompted international recriminations by banning imports of fresh vegetables from Europe and accusing Brussels of sowing chaos by failing to give enough information about the outbreak.

Read moreEurope E.coli is toxic new strain – Russia bans EU vegetables over deadly E.coli outbreak

Investigation: European Commission Spends Millions On Private Jets, Luxury Holidays And Cocktail Parties

European Commission spends millions on private jets, luxury holidays and cocktail parties (Telegraph, 01 Jun 2011):

The European Commission has spent more than £8 million on private jet travel, luxury holiday resorts and cocktail parties, an investigation has disclosed.

Commissioners travelled in limousines, stayed in five star hotels and splashed out on lavish gifts including Tiffany jewellery as their member states faced savage budget cuts and rising EU taxes.

An investigation by the Bureau of Investigative Journalism into spending by the EU executive has shown that more than €7.5m (£6.6m) was spent on private jet travel for commissioners between 2006 and 2010.

Baroness Ashton, the British EU foreign minister, came under fire when it was reported that she had demanded her own private jet less than 100 days into her new role in March last year.

Tens of thousands more was spent accommodating commissioners at luxury five star resorts in exotic locations such as Papua New Guinea, Ghana and Vietnam, the spending figures show.

The Commission also ran up a bill of more than €300,000 (£263,511) for lavish cocktail parties, including an event in Amsterdam costing €75,000, which was described as “a night filled with wonder like no other”.

Read moreInvestigation: European Commission Spends Millions On Private Jets, Luxury Holidays And Cocktail Parties

Accusations Of Treason In The Greek Parliament Against Bilderberg PM Papandreou

Flashback:

Greek Central Bank Accused of Encouraging Naked Short Selling of Greek Bonds (Financial Times)

And remember that the biggest Greek CDS speculator has been the state-controlled Hellenic Post Bank with help from (Yes, you’ve guessed it!) Goldman Sachs:

State-controlled Hellenic Post Bank (TT) bet against Greece (Kathimerini)

Fragwürdige Finanzgeschäfte Griechen wetten auf eigene Pleite (Sueddeutsche Zeitung)

The state-controlled Hellenic Post Bank was betting on Greece going bankrupt!

What will happen if Greece defaults:

Here Is What Happens After Greece Defaults

Solution:

Former Assistant Secretary of the US Treasury Dr. Paul Craig Roberts: Revolution is the Only Answer (For Greece, Ireland etc.)

Must-read!


The following article will be constantly updated at ‘Covering Delta’, so please visit the link  and read the article there.

Accusations of Treason in the Greek Parliament (Covering Delta):

Leaving aside for a moment the obvious questions of criminality and treason that have arisin from the details of the Memorandum of Understanding between the Greek government and the Troika (IMF/EU/ECB), which concedes total sovereign authority of the Greek state over the fate of its own citizens to foreign banks, let us turn to recent allegations made in Parliament against the Prime Minister of Greece himself, George Papandreou.

Recently, in an interview on Greek television, Member of Parliament for New Democracy, Mr. Panos Kammenos, made allegations that if true, could very well constitute treason for the Greek Prime Minister, members of his staff and possibly members of his own family. These allegations were repeated by Mr. Kammenos on the floor of parliament and given support by the leader of LAOS, Mr. George Karatzaferis. These allegations are therefore, not made lightly, and have now been plainly put forth before the Greek people. They can no longer be ignored, and the Prime Minister is obliged to respond to them.

The gist of the allegations rest on the charge by Mr. Kammenos, that the Greek Prime Minister, Mr. George Papandreou and members of his team, presided over the sale of 1.3 billion dollars worth of credit default swap contracts (CDS on Greek sovereign debt) on or around December of 2009, shortly after coming to power. The 1.3 billion dollars worth of insurance protecting against a Greek default was bought during the spring and summer of the same year, by the Hellenic Postbank, a public banking arm of the Greek government. It is unclear what the intentions of the Postbank were when it purchased the credit protection. Clearly, the previous government that was in power at the time (New Democracy or N.D.) understood that Greece was headed towards a fiscal crisis, otherwise they would not have purchased the insurance. However, we do not know if the move was initially made with the intention of reaping private profit, or simply as a hedge by the government itself against it’s own default.

[*Note: I have been made aware of a possible discrepancy between the numbers cited by Mr. Kammenos and those cited by Mr. Tombras in his law suit. Specifically, the subject at issue is the notional value of the CDS purchased and then sold by Hellenic Postbank. The size of the bank’s balance sheet would not warrant as large a hedge as the 60 billion in notional CDS (implied by Kammenos), which would imply that either the bank was net-short it’s own government’s debt, or that some mistake has been made by those looking over the books. This would affect the profit potential for the position, but would not change the fundamental fact that insurance protection was sold from public to private hands. – i.e. it has no bearing on the allegations]

Read moreAccusations Of Treason In The Greek Parliament Against Bilderberg PM Papandreou