Europe: Quantifying The Donors And Moochers – Without Germany, The EU Would Not Exist

With the dramatic emergence of intra-EU bickering between various “banana-eating countries” and “tax cheats”, it is easy to lose sight of the forest for the banana trees. While it is subjective to say who owes whom what, one thing that is very objective, is whose money is critical to sustaining the European Union.

And here there is no doubt: without Germany, the EU would not exist. The country, which receives €78 billion from the EU annually, pays out more than double that, or €164 billion, for a net impact of (€1,045) per capita.

Surely the Germans would be just as happy to see this money retained by their economy instead of going to assorted hangers-on. And speaking of the latter, one of the biggest recipients, with a net benefit of €2,284 per person, is Greece, which pays just €15 billion a year to the EU but receives nearly triple, or €40 billion.

We wonder just how Greece will plug that particular hole should the EU dissolve after the recent escalation in rhetoric threatens to royally piss off the Germans.

(Click on image to enlarge.)

without-germany-the-eu-would-not-exist

Graphic via FSTeurope.com

Read moreEurope: Quantifying The Donors And Moochers – Without Germany, The EU Would Not Exist

Leading Scientist Warns of Ice Age: ‘Most of Europe Will Be Under Ice’

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Professor Vladimir Paar

A leading scientist has revealed that Europe could be just five years away from the start of a new Ice Age.

While climate change campaigners say global warming is the planet’s biggest danger, renowned physicist Vladimir Paar says most of central Europe will soon be covered in ice.

The freeze will be so complete that people will be able to walk from England to Ireland or across the North Sea from Scotland to northern Europe.

Professor Paar, from Croatia’s Zagreb University, has spent decades analysing previous ice ages in Europe and what caused them.


“Most of Europe will be under ice, including Germany, Poland, France, Austria, Slovakia and a part of Slovenia,” said the professor in an interview with the Index.hr.

“Previous ice ages lasted about 70,000 years. That’s a fact and the new ice age can’t be avoided.

“The big question is what will happen to the people of the Central European countries which will be under ice?

“They might migrate to the south, or might stay, but with a huge increase in energy use,” he warned.

“This could happen in five, 10, 50 or 100 years, or even later. We can’t predict it precisely, but it will come,” he added.

And the professor said that scientists think global warming is simply a natural part of the planet.

“What I mean is that global warming is natural. Some 130,000 years ago the earth’s temperature was the same as now, the level of CO2 was almost the same and the level of the sea was four metres higher.

“They keep warning people about global warming, but half of America no longer believes it as they keep freezing,” he said.

And he added: “The reality is that mankind needs to start preparing for the ice age. We are at the end of the global warming period. The ice age is to follow. The global warming period should have ended a few thousands of years ago, we should have already been in the ice age. Therefore we do not know precisely when it could start – but soon.”

Read moreLeading Scientist Warns of Ice Age: ‘Most of Europe Will Be Under Ice’

Marc Faber on Coming Sovereign Debt Crisis: Next Countries to Default are the US, Japan and the ‘PIIGS’

Listen to what Marc Faber exactly says in the beginning of the video.

See also:

Experts: Dollar Crisis Looms if US Doesn’t Curb Debt (Reuters)

Fitch: US Must Cut Spending To Save AAA Rating; US December Deficit Nearly Doubles (Telegraph)

The Coming Sovereign Debt Crisis (Forbes)

A global fiasco: Japan is about to blow up (Telegraph)



After every financial crisis there’s a sovereign debt crisis, Marc Faber says. Countries that borrowed too much during the boom times start struggling to pay their competitors back, and eventually some of them default.

The countries most likely to blow up this time around are the “PIIGS”: Portugal, Ireland, Italy, Greece, and Spain.  One ore more of them, Faber says, will likely default in the next couple of years. And, that could result in the death of the Euro currency.

Longer-term, Faber says, Japan and the US are in line for the same fate.

The US crisis won’t hit us this year or next year.  But within 5-10 years, the United States will be forced to quietly default on its debt, most likely by printing money and destroying the value of the currency.

The main problem comes down to two things: 1) ballooning debts and 2) future interest costs.

As these charts from Faber’s Gloom, Boom, And Doom Report show, in the past decade, the U.S. government’s total debt and liabilities have gone through the roof, especially when Fannie, Freddie, Medicare, and Social Security are taken into account.  This trend is unsustainable, and it will correct itself only through a rapid acceleration of economic growth and tax revenues, a new-found financial discipline, or a crisis–or a combination of all three.

Read moreMarc Faber on Coming Sovereign Debt Crisis: Next Countries to Default are the US, Japan and the ‘PIIGS’

Winter Chaos Around The World

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A train stranded in Shangdu, Inner Mongolia

World:

Now that really IS the wrong type of snow on the line! Winter brings travel chaos around the world (Daily Mail)

US:

Midwest bracing for heavy snow, wind chills of -50; South freezes too (AP)

Colorado Becomes Country’s Cold Spot (ABC News)

South struggles with record-setting freeze (USA Today)

Europe:

Airport chaos as icy weather grips northern Europe (BBC News)

Temperatures across Europe plunge to near record lows (CNN)

Europe shivers as Britain braces for brutal winter (AFP)

With the UK being hit hard:

Weather-related death toll rises to 22 as Britain braces for coldest night yet (Times):

The death toll from Britain’s biggest freeze for decades reached 22 today as the country prepared for its coldest night so far, bringing the promise of even more treacherous conditions.

UK gas supply dwindles as country experiences sub-zero weather (Electric):

The UK faces the possibility of gas supply crisis as the worst cold season in 30 years hit the country.

UK’s only got enough gas to last eight days, say Tories (Daily Mail)

U.K. Gas Market No Laughing Matter (Wall Street Journal)

UK’s only got enough gas to last eight days, say Tories (Daily Mail)

Some parts of the country have just ONE day’s supply of grit left (Daily Mail)

Panic buying at supermarkets as Britain braces itself for the big freeze (Daily Mail)

As a sidenote: Met Office chief receives 25 pc pay rise (Telegraph):

The head of the Met Office, the national weather service which has been heavily criticised for getting its forecasts wrong, is now paid more than the Prime Minister, after receiving a 25 per cent pay rise.

China:

China freeze to continue as power use, food prices rise (AFP)

Chinese cities not ready for harsh winter (Xinhua)

China tells factories to cut power use amid cold (BusinessWeek)

Central China power supply in jeopardy on coal,weather (Reuters)

Cold wave in India:

Cold waves in northern India claim 195 lives (Indian Express)



Army rescues 1,000 drivers stranded in cars for 12 HOURS as UK is paralysed by heavy snow

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Going nowhere: The A3 in Horndean, Hampshire was closed this morning after 1,000 motorists were stuck in their cars overnight and hundreds of vehicles were abandoned

Up to 1,000 stranded motorists had to be rescued by the Army today after some of the heaviest snowfalls in 20 years left drivers trapped in their cars overnight.
Among those stranded without food and water on the A3 in Hampshire was a heavily-pregnant woman and her baby daughter.

Millions of people across Britain were unable to get to work this morning as snowstorms caused massive disruptions on the roads and railways.

Thousands of schools remain closed, while major airports have been forced to ground flights as snow ploughs try desperately to clear runways of snow and ice.

More than 16 inches (40cm) of snow has fallen in the hills of north east England and the Scottish borders, while 12 inches (30.5cm) was recorded in Berkshire. Parts of the Northern Highlands recorded 18.5 inches (47cm).

The Met Office said southern England could see another six inches (15cm) this afternoon, with the ‘treacherous’ weather lasting for up to ten more days.

The Army, drafted in to save 1,000 drivers stranded on the A3, used military trucks and Land Rovers to rescue those trapped in a ten-mile jam on the trunk road at Waterlooville.

But some of the trapped motorists claimed they received no help at all and that ‘no one knew what was going on’.

Carla Holt said she and her 13-month-old daughter Lily-May were stuck for 12 hours in the freezing conditions. She said she received no support from the police overnight and was only able to leave the road when it was partially cleared at 6.30am today.

The 23-year-old said: ‘We went through hell. I am eight months pregnant, I couldn’t go to the toilet all night, I couldn’t warm the bottle up for my baby daughter. It was very frightening.

Read moreWinter Chaos Around The World

New World Order Gordon Brown wants to police the entire world – how controlling can a freak get?

Related information:

new-world-order-london-summit-2009
Barack Obama, Silvio Berlusconi and Dmitri Medvedev celebrate after agreeing a set of measures designed to haul the world out of recession. Gordon Brown, who hosted the summit, said the deal heralded a “new world order”.
Source: The First Post

British Prime Minister Gordon Brown himself announced that the G20  heralded the creation of a “new world order” which would involve increased global regulation of economic markets.

Still think that the ‘New World Order’ is a conspiracy theory?

Now here is an interesting article from the Telegraph.


Quasimodo in Number 10, hunched, scowling over his desk, has devised yet another plan to police, to increase surveillance, to indulge his obsession with extending his short-lived control over as many people as possible. Gordon Brown, who now seems to have lost his last tenuous grip on reality, wants the European Union to police the carbon emissions of the whole world. That is the leitmotif of New Labour – and, by extension, all Westminster – government: control, bans, observation, intrusion, diktat.

Balked of a legal agreement on imaginary manmade global warming at Copenhagen, Quasimodo and Nicolas Sarkozy are working on plans to create a “European monitoring organisation” to oversee different countries’ actions on carbon emissions. Barack Obama – the leading control freak in the liberal pantheon – has suggested spy satellites could be used.

Quasimodo told reporters: “We’re in favour of transparency; we’re in favour of looking at what’s happening not just in our country and our own continent, but around the world.” That isn’t transparency: that is snooping. “We’re in favour of transparency” – from a New Labour Prime Minister! Goebbels, who always favoured the Big Lie, would have loved it.

Were Quasimodo and his colleagues in favour of transparency about weapons of mass destruction? Even now, are they in favour of transparency at the Iraq inquiry, where Tony Blair will give evidence in secret? Were they in favour of transparency when they voted to keep MPs’ expenses under wraps, until the courts overruled them?

The one fear the enforcers entertain is that their spy-in-the-sky snooping on carbon emissions might antagonise China, which resists surveillance (all those covert coal mines and other eco-naughties). When Red China begins to seem like an apostle of laissez-faire, relaxed freedom, we know that the lunatics have taken over the asylum.

Read moreNew World Order Gordon Brown wants to police the entire world – how controlling can a freak get?

Blizzard Blasts Eastern US: Hundreds of Thousands of Homes Without Power

And how about Europe?

Cold snap strands thousands of European travellers (AFP):
PARIS — Tens of thousands of European travellers were stranded Sunday in rail stations, traffic jams and airports as heavy snow and ice caused massive disruption at the start of the Christmas holiday season.

Arctic-like cold snap wreaks havoc across parts of Europe (Deutsche Welle):
Temperatures in parts of Germany fell to below minus 33 degrees Celsius overnight, as parts of Western and Northern Europe from Portugal in the south to Poland in the east were hit by heavy snowfall.

In Eastern Europe, snow as deep as 2.5 meters has been reported, while temperatures in Mediterranean regions such as Spain dropped to around minus 20 degrees overnight.

Poland reports 29 deaths in deep-freeze weather – Summary (DPA)

Cold snap death toll rises to eight in Czech Republic (Roundup (DPA)

Eurostar Suspends Service Indefinitely (New York Times):
LONDON — Eurostar suspended all its rail links between London, Paris and Brussels on Sunday as cold weather caused chaos on the high-speed passenger line for a third day, with no relief in sight.


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A man makes his way towards the White House. Americans pining for a white Christmas got more than they bargained for as a record-breaking snowstorm closed airports and roadways across the northeastern United States, putting a damper on the holiday’s biggest shopping weekend. (AFP)

WASHINGTON (AFP) – A ferocious snow storm blanketed much of the eastern United States Sunday, cutting power to hundreds of thousands of homes, paralyzing air traffic and stranding motorists.

The governors of Virginia, Maryland, West Virginia and Delaware declared states of emergency in advance of the storm, the worst to hit the region in decades.

Three people died on Virginia roads Saturday as some 3,000 accidents shut down interstates for several hours, according to the state’s department of emergency management. The Virginia Department of Health confirmed one other weather-related death.

Hundreds of thousands of customers lost power in West Virginia, Tennessee, Kentucky, Virginia and North Carolina.

The worst of the storm was over for Washington as it swept northeastward, but a lot of roads were still unplowed in the city unused to so much snow so early in the year.

Only scattered flurries remained after snowfall shattered a 1932 December snowfall record, with 16 inches (40 centimeters) covering streets and homes. It was also one of the biggest snowstorms to hit the capital since records began in 1885.

Read moreBlizzard Blasts Eastern US: Hundreds of Thousands of Homes Without Power

Europe overtakes US as the world’s wealthiest region

LONDON (MarketWatch) — A year after the Lehman Bros. collapse and subsequent credit crisis comes new confirmation that America is falling behind.

A report by the Boston Consulting Group finds that the U.S. is no longer home to the greatest chunk of the world’s wealth. That honor now belongs to Europe. See related story.

Of course, it’s not like anybody is really getting ahead. Global wealth fell nearly 12% in the past year to $92.4 trillion. It’s just that America’s share is falling faster than Europe’s, where total wealth declined a mere 5.8%.

Read moreEurope overtakes US as the world’s wealthiest region

Russia may arm Baltic fleet with nuclear warheads, says report

New Russian threat comes in response to war in Caucasus, US-Poland deal for missile defense shield in Europe. According to Sunday Times, nuclear warheads could be supplied to submarines, cruisers and fighter bombers of Russia’s Baltic fleet based between Poland and Lithuania

Cold War warming up? Russia is considering arming its Baltic fleet with nuclear warheads for the first time since the cold war, the London-based Sunday Times has reported, quoting senior military sources.

Read moreRussia may arm Baltic fleet with nuclear warheads, says report

Iran dumps U.S. dollars in oil transactions

TEHRAN – Iran had totally removed U.S. dollars in the country’s oil transactions, an Oil Ministry official said on Wednesday.

“The dollar has completely been removed from our oil trade….Crude oil customers have agreed with us to use other currencies (in the trade),” Oil Ministry official Hojjatollah Ghanimifard was quoted as saying by the state television.

“We make our transactions with euros in Europe, but yen in Asia,” he added.

Due to the tensions with Washington in the past years over the nuclear disputes and the latest depreciation of dollars, Iran has vowed to decrease the greenback in its foreign trade. Iran central bank also has reduced dollars in the country’s foreign reserves. In last November’s summit of the Organization of Petroleum Exporting Countries (OPEC) in Saudi Arabia, Iran proposed that it was necessary to replace the U.S. dollar with other major hard currencies in oil trading.

(In the past such actions were enough for the U.S. to start a war. – The Infinite Unknown)

Read moreIran dumps U.S. dollars in oil transactions

Gasoline May Soon Cost $10 a Gallon.

Big New Shock at the Pump Forecast by Two Analysts

Get ready for another economic shock of major proportions — a virtual doubling of prices at the gas pump to as much as $10 a gallon.

That’s the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize.

Gasoline nationally is in an accelerated upswing, having jumped to $3.58 a gallon from $3.50 in just the past week. In some parts of the country, including New York City and the West Coast, gas is already sporting a price tag above $4 a gallon. There was a pray-in at a Chevron station in San Francisco on Friday led by a minister asking God for cheaper gas, and an Arco gas station in San Mateo, Calif., has already raised its price to a sky-high $4.62.

Read moreGasoline May Soon Cost $10 a Gallon.