Sunday, December 11, 2011
French Government Warns opponents on EU Treaty Delay
Thursday, December 8, 2011
Vladimir Vs. Clinton
There have been accusations made by some that there have been ballot box stuffing’s and fraudulent manipulations over the vote count in the parliamentary elections. With the outcomes of the Russian elections, and the fact that Vladimir Putin’s approval rate amongst the Russian people has decreased, there have been a significant amount of riots and protest across Russia.
It seems that the Russian government has taken these riots and protest very seriously and have put out 50,000 police and 2,000 paramilitary troops on the streets, which have all been backed by water cannons. Vladimir Putin has warned that more extreme measures will be taken if these riots and protests continue.
I believe that even though there have been significant protest made against these recent elections, websites such as Facebook.com and Live Journal should not be take a credible sources to aid protestors in making city-wide protests.
http://www.taiwannews.com.tw/etn/news_content.php?id=1782357
The Question of the UK in the EU
The Beginning of 'Inner' and 'Outer' Europe
The reason this proposal and who it applies to is so interesting is that this might well be the deal to save the Euro and the overall Union; after all, it is backed by both France and Germany, with France being long-time political leader and Germany emerging as the primary economic powerhouse of the EU - making it very difficult for those nations going under (hi, Greece) or rapidly approaching the cliff (Spain and Italy) to refuse the offer itself.
So are we seeing the beginning of a new era for European integration? Quite possibly. This proposal, if accepted, would further integrate the community of Eurozone countries within the context of the larger European Union. In this new era, we truly would be seeing Europe in, as Sarkozy recently said, 'two gears' - the Eurozone and tighter, supranational regulations being the first, and the more politically sovereign nations of the EU. These next few years will be interesting for the Euro and the Union - and may be remembered as the time leaders either proved or discredited the idea of European unity.
(As a final, interesting aside, France and Germany have supported their 'steamrolling' of smaller EU/Eurozone states by arguing that, as larger and more fiscally sound nations, they hold a greater deal of the risk. In addition, Sarkozy made mention at the preliminary meetings of the history between the two countries - both France and Germany, once holding centuries of bloody conflict between them, had not only worked together for the past fifty years, but were now actively fighting for the idea that brought them together: European unity.)
http://www.bbc.co.uk/news/world-europe-16100258
The Vatican and Global Oversight
The U.S. as the World Police
Egypt elections
Protests in Iran
http://www.cnn.com/2011/11/29/world/meast/iran-demonstrations/index.html?hpt=hp_t2
Crescent Moon, Waning West
http://www.economist.com/node/21534782
http://www.cbsnews.com/2100-18560_162-20033404.html?pageNum=2&tag=contentMain;contentBody
Futile and Stupid Gestures
http://online.wsj.com/article/BT-CO-20111208-716501.html
For those who have been following it, the sovereign debt crisis in Europe has been quite the comedy. Allow me to explain: nearly every important government decision by European officials in the last couple of months remind me of a quote from Animal House “I think that this situation absolutely requires a really futile and stupid gesture be done on somebody’s part!”
After the dean tells the Delta House fraternity that he’s expelling them all, “Otter” delivers that statement to inspire his brethren. “Blutto” (played by John Belushi) responds “…and we’re just the guys to do it.” They then devise a plan that brings mayhem to the entire town.
This is exactly what we keep getting from leaders in Europe. Futile and stupid gestures in response to events related to the debt crisis. The cycle is very simple. First, something really awful happens, like Greece defaulting, or a Bank needing a bailout. Then the markets panic. Standard and Poor’s will downgrade a country or two.
Then the politicians (who have somehow avoided getting thrown out of office) come out of the wood-work with their futile and stupid gestures. It doesn’t matter how it takes form. They start by making promises that they’re going to make everything all better. They’ll take talk about ‘debt plans’ and ‘bazookas’ and ‘firewalls’ and ‘debt brakes’ and all sorts of political mumbo-jumbo, ultimately buying themselves a little more time. Somehow, it works, and they buy themselves some time.
Soon some grand summit or meeting will be planned in the near future (this week it’s in Brussels.) They’ll assure us, ‘just wait till the summit, then the leaders will figure everything out’. Of course nothing ever gets solved.
One thing that has changed, though, is how much time they expect us to wait for the debt solution Christmas. It started as a week, maybe a month. Now, they expect us to wait several months until Angela Merkel and Nicholas Sarcozy (Bluto and Otter in my analogy) can come up with the comprehensive plan that will rescue us.
This is of course very convenient for leaders like Sarcozy have elections coming up in the next couple of months. So whatever is decided in this next plan, we’re gonna have to wait until at least the summer. If it doesn’t work (and it never does), the cycle repeats and they dream up another plan.
The only problem is, markets aren’t going to wait. The futile and stupid gestures will end. Governments in Europe are either going to default on their debt, or they’re not. If they do, the longer the politicians bullshit us, the more painful it’s going to be for everyone.