Sunday, August 19, 2012

Rothschild Confirmation Of Eurozone Breakup


Sunday, 19 August 2012

Rothschild Confirmation Of Eurozone Breakup

Lord Rothschild takes £130m bet against the euro

Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up.

Chairman of RIT Capital Partners, Lord Jacob Rothschild arrives for a reception, hosted by Britain's Prince Charles, at Clarence House in London for the delegates of the Global Investment Conference, Thursday, July 26, 2012.
Lord Rothschild has led RIT since 1988 Photo: AP
9:55PM BST 18 Aug 2012
The member of the banking dynasty has taken the position through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.
The fact that the former investment banker, a senior member of the Rothschild family, has taken such a view will be seen as a further negative for the currency.
The latest omen follows news in The Daily Telegraph late last week that the government of Finland is already preparing for the euro’s break-up.
RIT, which Lord Rothschild has led since 1988, had a -7pc net short position in terms of principal currency exposures on the euro at the end of July, up from -3pc at the end of January. Given a net asset value of £1.836bn at the end of July, the position is worth £128m.
Sources close to RIT suggested that the position was not a dogmatic negative view on the euro as a currency, but rather a realistic approach on a currency that remains relatively weak.
It is not the first time Lord Rothschild has used currency positions as a form of hedge. RIT significantly increased its exposure in sterling after the currency’s decline in 2008, but then scaled back on both the sterling and the euro, anticipating the ensuing recessions in both regions. 
Some 53pc of RIT’s assets were in US dollars at the end of July, in part a reflection of its deal to buy a 37pc stake in Rockefeller Financial Services at the end of May. 
Lord Rothschild is not alone in seeing value in shorting – or selling down – the euro. At a conference organised by business news channel CNBC in July, Mary Callahan Erdoes, head of JPMorgan Asset Management, said “shorting the euro” when asked for her single best investment idea. 
In June, George Soros – the billionaire investor best known in the UK for helping to force sterling out of the European Exchange Rate Mechanism in 1992 by betting against the British currency – said that European leaders at that point had a “three-month window” to save the euro. 

Source 

For anyone who is not asleep this will serve as confirmation that the European Debt Union will indeed collapse shortly.


The video above is of UKIP leader Nigel Farage and his constant warnings of this financial collapse. For over a decade he has worked tirelessly as a Member of the European Parliament. Nobody listened but everybody is listening now.

Wiggy

See also http://blogbywiggy.blogspot.co.uk/2012/08/finland-preparing-for-eurozone-break-up.html 

And  http://blogbywiggy.blogspot.co.uk/2012/08/the-eurozone-is-shrinking-as-we-head.html
Posted by John MacHaffie at 9:08:00 AM 5 comments

Julian Assange defies British Government

Julian Assange defies British Government to make statement from balcony of Ecuadorian embassy

Julian Assange, the Wikileaks founder, is set to defy the British Government as he makes a dramatic public statement on the balcony of the Ecuadorian embassy in London.

By , at the Ecuadorian embassy
12:49PM BST 19 Aug 2012
Mr Assange, 41, was due to make his first public statement this afternoon, two months after he walked into the central London building seeking asylum.
Australian–born Mr Assange is facing extradition to Sweden, where he is accused of the sexual assault of two women, which he denies.
Mr Assange remains at the centre of a diplomatic row involving six countries on five continents, having skipped bail to avoid extradition.
He is currently in the Ecuadorean embassy in London, which, under the terms of the Vienna Convention, British police cannot enter.
His legal adviser Balthasar Garcon emerged from the Ecuadorian embassy in London and said: "I have spoken to Julian Assange and I can tell you he is in fighting spirits and he is thankful to the people of Ecuador and especially to the president for granting asylum.
"Julian Assange has always fought for truth and justice and has defended human rights and continues to do so.
"He demands that WikiLeaks and his own rights be respected.
"Julian Assange has instructed his lawyers to carry out a legal action in order to protect the rights of WikiLeaks, Julian himself and all those currently being investigated."
Mr Asaange, a former computer hacker, was granted political asylum by Ecuador after its ministers agreed he was facing persecution and the possible death penalty in the United States.
But he remains holed up in the embassy in Knightsbridge, surrounded by police who want to arrest him for breaching his bail conditions.
He is due to make a "live" statement at 2pm on Sunday but faces arrest if he leaves his haven to make his public comments.
Wikileaks officials declined to disclose what he will say or where he will speak from.
Embassy workers could be seen opening windows to a balcony and were heard to be testing microphones, prompting speculation the statement will be made from the first floor.
Asked how the public statement will be made, a Wikileaks spokesman said: "I cannot go into details of that for security reasons."
But Mr Assange could be seized if it is deemed he has stepped outside the embassy's diplomatically protected area.
On Sunday a heavy police presence could be seen on the streets of Knightsbridge as dozens of officers, aided by helicopters overhead, sought to maintain calm.
A huge scrum of press had also gathered outside the embassy, behind Harrods, as the world's media waited for the Australian in the blazing sun.
Dozens of reporters, photographers and television crews were barricaded in metal pens directly opposite the building.
A small number of supporters had gathered alongside while scores of tourists and onlookers stopped to take pictures of the extraordinary scenes.
"It reminds me of Evita about to address the people," one onlooker remarked.
William Hague, the Foreign Secretary, said the Australian would not be allowed to fly to his newly adopted country and must answer rape allegations in Sweden.
The case has provoked a diplomatic stalemate between London, which has said it was "disappointed" by the long–awaited decision, and Quito, which has accused Britain of threatening to storm the building to seize Mr Assange.
The saga has been going on for almost two years, since Mr Assange was accused of raping and sexually assaulting two women on a visit to Sweden where he was promoting his whistle–blowing website.
He was arrested in London in 2010 but fought extradition to Sweden all the way to the Supreme Court, fearing it was a pretext for him to be sent to the US where the authorities were incensed by his release of thousands of confidential diplomatic cables.
After the court rejected his last appeal in June, Mr. Assange walked into the embassy and applied for political asylum.
When he refused to come out, he broke his bail terms, becoming liable for arrest.
The Wikileaks spokesman said the group wanted guarantees from the Swedish government that it would not extradite Mr Assange to the United States.
"It would be a good basis to negotiate a way to end this matter if the Swedish authorities would declare without reservation that Julian would never be extradited from Sweden to the USA," he said.
Ricardo Patino, Ecuador's foreign minister, has said Mr Assange fears "repression and intimidation" if sent to Sweden.
But Sweden's foreign minister has accused his Ecuadoran counterpart of living in a "fantasy world" for granting political asylum to Mr Assange.
Carl Bildt described suggestions by Ecuador that Mr Assange was subject to political persecution and might be sent by Sweden to face prosecution in the United States over the website's activities as "grave accusations".
CHECK LINK FOR VIDEO
Posted by John MacHaffie at 9:02:00 AM 3 comments

Here's your change!


Facts and figures for the current Administration...
After three years of Obama .....
Here's your change!


SOME WILL APPRECIATE THIS AND SOME WILL NOT.   HOWEVER, ALL OF IT IS TRUE.


January 2009
TODAY
% chg
Source
Avg. retail price/gallon gas in U.S.
$1.83
$3.44
84%
1



Crude oil, European Brent (barrel)
$43.48
$99.02
127.7%
2



Crude oil, West TX Inter. (barrel)
$38.74
$91.38
135.9%
2











Corn, No2 yellow, Central IL
$3.56
$6.33
78.1%
2



Soybeans, No. 1 yellow, IL
$9.66
$13.75
42.3%
2



Sugar, cane, raw, world, lb.
$13.37
$35.39
164.7%
2



Unemployment rate, non-farm, overall
7.6%
9.4%
23.7%
3



Unemployment rate, blacks
12.6%
15.8%
25.4%
3



Number of unemployed
11,616,000
14,485,000
24.7%
3



Number of fed. employees
2,779,000
2,840,000
2.2%
3



Real median household income
$50,112
$49,777
-0.7%
4



Number of food stamp recipients
31,983,716
43,200,878
35.1%
5



Number of unemployment benefit recipients
7,526,598
9,193,838
22.2%
6



Number of long-term unemployed
2,600,000
6,400,000
146.2%
3



Poverty rate, individuals
13.2%
14.3%
8.3%
4



People in poverty in U.S.
39,800,000
43,600,000
9.5%
4



U.S. rank in Economic Freedom World Rankings
5
9
n/a
10



Present Situation Index
29.9
23.5
-21.4%
11



Failed banks
140
164
17.1%
12



U.S. dollar versus Japanese yen exchange rate
89.76
82.03
-8.6%
2



U.S. money supply, M1, in billions
1,575.1
1,865.7
18.4%
13



U.S. money supply, M2, in billions
8,310.9
8,852.3
6.5%
13



National debt, in trillions
$10..627
$14..052
32.2%
14












Just take this last item: In the last three years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history.

Over 27 times as fast. Metaphorically speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane 27 times faster, it would be doing 7,555 MPH!
 
Sources:

(1) U.S. Energy Information Administration
(2) Wall Street Journal
(3) Bureau of Labor Statistics
(4) Census Bureau
(5) USDA
(6) U.S. Dept. Of Labor
(7) FHFA
(8) Standard & Poor's/Case-Shiller
(9) RealtyTrac
(10) Heritage Foundation and WSJ
(11) The Conference Board
(12) FDIC
(13) Federal Reserve
(14) U.S. Treasury
 
So, tell me again, what is it about Obama that you believe makes him so brilliant and impressive?
Can't think of anything?
Don't worry. He's done all this in 29 months -- so you'll have about 5 months to come up with an answer.
Every statement in this email is factual and directly attributable to Barack Hussein Obama.
Every bumble is a matter of record and completely verifiable.

EVERYONE SHOULD READ THIS.
I WONDER HOW MANY WILL FORWARD THIS?


  
Posted by John MacHaffie at 8:13:00 AM 1 comments

Circle Flies


 Circle Flies


A cowboy from Texas attended a social function where Barack Obama was trying to gather support for his re-election. When Obama discovered the cowboy was from President Bush's home area, he started to belittle him by talking in a southern drawl and single syllable words.
As he was doing that, he kept swatting at some flies that were buzzing around his head. The cowboy says, "Y'all havin' some problem with them circle flies"?

Obama stopped talking and said, "Well, yes, if that's what they're called; but, I've never heard of circle flies".

"Well, sir", the cowboy replies, "Circle flies hang around ranches. They're called circle flies because they're almost always found circling around the back end of a horse".

"Oh", Obama replies as he goes back to rambling. But a moment later he stops and bluntly asks, "Are you calling me a horse's ass"?

"No, sir"! the cowboy replies, "I have too much respect for the citizens of this country to call their president a horse's ass".
.
"That's a good thing", Obama responds and begins rambling on once more.

After a long pause, the cowboy, in his best Texas drawl says,"Hard to fool them flies, though".
Posted by John MacHaffie at 8:09:00 AM 0 comments

Julian Assange Asylum Application

SATURDAY, AUGUST 18, 2012


http://alcuinbramerton.blogspot.com/2012/01/altnews8-1ab-alcuin-httpalcuinbramerton.html
Alcuin Bramerton Twitter .. WikiLeaks Master Mirror Sites .. #1ab archive
Alcuin Bramerton profile ..... Index of blog contents ..... Home .....#1ab
Picture: UK diplomatic power decisive in Assange Ecuador case (After Nicebleed)

Picture: Julian Assange Ecuador political asylum PigSociety UK v South America.

More Julian Assange Ecuador political asylum pictures can be found here.

Declaration of the Government of the Republic of Ecuador on the asylum application of Julian AssangeThursday 16th August 2012 - London (UK) - clunky translation of the official Spanish text linked above.

On 19 June 2012, the Australian national citizen Julian Assange, appeared in the local Embassy of Ecuador in London, to request diplomatic protection of the Ecuadorian State to benefit from the existing rules on Diplomatic Asylum. The applicant has based its request on the fear that it causes the eventual political persecution that could result in a third country, it could use his extradition to the Kingdom of Sweden for turn further extradition to that country.

The Government of Ecuador, true to the asylum procedure, and attach the utmost seriousness in this case, has reviewed and evaluated all aspects involved in it, particularly the arguments presented by Mr. Assange to support the fear he feels in a situation that this person perceives as a threat to life, personal safety and freedom.

It is important to note that Mr. Assange has made ​​the decision to apply for asylum and protection in Ecuador over allegations that it says, have been made ​​by alleged "espionage and treason", which exposes the citizen who inspires fear the possibility of being handed over to the authorities of the United States of America by the British, Swedish and Australian, for this is a country, said Mr Assange, who chases him through the declassification of information embarrassing to the U.S. government. Is also the applicant, "is being persecuted in various countries, which derives not only from their ideas and their actions, but their work to publish information that engages the powerful, to publish the truth and, with Thus, exposing corruption and severe human rights abuses of citizens around the world. "

Therefore, for the applicant, the imputation of political offenses is the foundation of his asylum claim, because in his opinion, is faced with a situation involving imminent danger to him he can not resist. In order to explain the fear he instills a possible political persecution, and that this possibility end up becoming a situation of prejudice and violation of their rights, and risk to their personal safety, and freedom, the Government of Ecuador considered it following:

Julian Assange is an award-winning communications professional internationally for his fight for freedom of expression, press freedom and human rights in general;

That Mr. Assange shared with the global public documentary privileged information was generated by various sources, and affected officials, countries and organizations;

That there are serious indications of retaliation by the country or countries that produced the information disclosed by Mr. Assange, retaliation could jeopardize their safety, integrity, and even his life;

That, despite the diplomatic initiatives taken by Ecuador, countries which have required sufficient safeguards to protect the security and life of Mr. Assange, have refused to facilitate them;

That, it is certain that the Ecuadorian authorities feasible Mr. Assange extradition to a third country outside the EU without adequate guarantees for their safety and personal integrity;

That legal evidence clearly shows that, given an extradition to the United States of America, Mr. Assange would not have a fair trial, could be tried by special courts or military, and it is not implausible that is applied to cruel and degrading , and was condemned to life imprisonment or the death penalty, which would not respect their human rights;

That while Mr. Assange must answer for open research in Sweden, Ecuador is aware that the Swedish prosecutor has had a contradictory attitude that prevented Mr. Assange the full exercise of the legitimate right of defense;

Ecuador is convinced that they have undermined the procedural rights of Mr. Assange during the investigation;

Ecuador has found that Mr. Assange is without (the) protection and assistance (he) should receive from the State of which he is a citizen (Australia);

That, following several public statements and diplomatic communications made by officials from Britain, Sweden and theUnited States of America, it is inferred that these governments would not respect international conventions and treaties, and domestic laws would prioritize secondary hierarchy, rules breach express universal application and,

That, if Mr. Assange is reduced to custody in Sweden (as is customary in this country), would start a chain of events which would prevent further protective measures taken to avoid possible extradition to a third country.

Thus, the Government of Ecuador considers that these arguments lend support to Julian Assange fears, while this may be a victim of political persecution because of his defense decided in favor of freedom of expression and freedom of press and repudiation of his position to abuse that power tends to run in certain countries, aspects that suggest that Mr. Assange, at any time, there may be a situation likely to endanger their lives, safety or integrity personnel. This fear has been warned to exercise their human right to seek and receive asylum in the Embassy of Ecuador in the UK.

Article 41 of the Constitution of the Republic of Ecuador clearly defines the right of asylum. Under this provision, in Ecuador are fully recognized the rights of asylum and refugee status in accordance with the law and international human rights instruments. According to this constitutional provision:

"People who are in situations of asylum and refugee shall enjoy special protection to ensure the full exercise of their rights. The State shall respect and ensure the principle of non-refoulement, as well as legal and humanitarian emergency. "

Similarly, the right to asylum is recognized in Article 4.7 of the Foreign Service Act of 2006, which determines the ability of the Ministry of Foreign Affairs, Trade and Integration of Ecuador to hear cases of diplomatic asylum, according to the laws, treaties, law and international practice.

It should be emphasized that our country has been highlighted in recent years by hosting a large number of people who have applied for asylum or refugee territorial, having unreservedly respected the principle of non-discrimination and, while it has taken steps to provide refugee status in an expeditious manner, taking into account the circumstances of applicants, mostly Colombians fleeing the armed conflict in their country. The UN High Commissioner for Refugees has praised Ecuador's refugee policy, and highlighted the significant fact that the country has not been confined to camps for these people, but have been integrated into society, full enjoyment of their human rights and guarantees.

The Ecuador places the right of asylum in the universal catalog of human rights and believes, therefore, that the effective implementation of this right requires international cooperation that may lend our countries, without which his statement would be fruitless, and the institution would be completely ineffective. For these reasons, and recalling the obligation of all States have undertaken to assist in the protection and promotion of human rights, as provided by the Charter of the United Nations, the British Government invited to provide their quota to achieve this purpose.

To this effect, Ecuador has been shown that, in the course of analysis of legal institutions related to asylum, that the formation of this law concur fundamental principles of general international law, the same as for its importance and have universal value, saved because line with the general interest of the entire international community, and have the full recognition by all States. These principles, which are referred to in various international instruments, are as follows:

a) The asylum, in all its forms, is a fundamental human right which creates obligations erga omnes, that is, "for all" states.

b) The diplomatic asylum, shelter (or territorial asylum), and the right not to be extradited, expelled, delivered or transferred, human rights are comparable, since they are based on the same principles of human protection: no return and no discrimination without any adverse distinction based on race, color, sex, language, religion or belief, political or other opinion, national or social origin, property, birth or other status, or any other similar criteria.

c) All these forms of protection are governed by the principles pro person (ie, more favorable to the individual), equality, universality, indivisibility, interrelatedness and interdependence.

d) The protection occurs when the state of asylum, refugee or required, or the protecting power, consider the risk or the fear that the protected person may be a victim of political persecution or political offenses against him.

e) The State granting asylum seekers qualify causes, and in case of extradition, assess evidence.

f) No matter which of its forms or forms are present, the seeker is always the same cause and the same legal order, ie, political persecution, which causes it lawful, and safeguard the life, personal safety and freedom of protected person, which is the lawful purpose.

g) The right to asylum is a fundamental human right, therefore, belongs to jus cogens, ie the system of mandatory rules of law recognized by the international community as a whole, do not support a contrary agreement, being null treaties and provisions of international law they oppose.

h) In cases not covered by the law in force, the human person remains under the protection of the principles of humanity and the dictates of public conscience, or are under the protection and authority of the principles of international law derived from established custom, from the principles of humanity and from the dictates of public conscience.

i) Lack of international agreement or domestic legislation of States can not legitimately claim to limit, impair or deny the right to asylum.

j) The rules and principles governing the rights to asylum, extradition no, no delivery, no expulsion and transfer are not converging, as far as is necessary to improve the protection and provide it with maximum efficiency. In this sense they are complementary international law of human rights, the right to asylum and refugee law, and humanitarian law.

k) TDgMo@7=q9|KwMh)X,Lc@VoLY@jFITy' ).~_BR q6a4sXrK5hBX R�L
Posted by John MacHaffie at 7:33:00 AM 0 comments
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