The day the EU dies

The EU could be on the verge of disaster.

 A series of political elections will be held in 2017, with many to be fought on lines of ‘for’ and ‘against’ membership of the euro. For the first time since its inception in 1957, the European Union cannot afford to take its future for granted.

Why?

Economic output in the region has been dire for almost 20 years.No one pretends the single currency hasn’t contributed to the malaise.

As a response to the continent’s sovereign debt crisis, the European Commission set up the ‘S0’ Indicator – to analyse a country’s economic data.

In February this year, a report from Deutsche Bank warned that, according to the S0 indicator, SIX EU member states are now a financial concern. Its conclusion is especially worrying:

“Even if impending fiscal crises are signalled correctly, there might not be enough time left to counteract the critical developments.”

This is like having an earthquake warning system in place… but with no means to evacuate.

Make no mistake about it: this is an urgent matter – and your money is at stake. As I will explain in this letter, unless evasive action is taken now, British savers and investors will not avoid the fallout of any European crisis.

Poor economic performance invariably manifests itself politically.

That makes this year a critical juncture for Europe’s future. And it will play out as the following elections take place:

France – 7th May: The far-right Front National party is the second favourite to win the Presidential election, and is avowedly anti-EU. Its leader Marine Le Pen plans to reintroduce the Franc. Even if they don’t win, they are still pulling France in an increasingly anti-EU direction.

Italy – by April 2018: General election called after pro-EU PM Matteo Renzi was comprehensively defeated on 4^th December 2016 in a constitutional referendum. Italy’s three opposition parties are in favour of leaving the euro, which they believe is preventing the country’s economy from growing.

Germany – by October: Angela Merkel’s CDU party has been losing seats to the anti-EU AFD. While unlikely at this point, a Merkel defeat would be the biggest possible blow to the EU’s future. Germany is the continent’s biggest economy.

The countries listed above are the three biggest economies in the Eurozone. If one of them voted to leave the euro or the EU, it would almost certainly precipitate the end of the European Union.

But the potential dangers do not end with them.

Hungary – by Spring 2018: The popular current Prime Minister Viktor Orban has incurred the wrath of the EU by erecting wire borders around the country – in defiance of the EU, which he openly disparages.

If just one of these countries left the EU, the financial strain would be immense. The whole project would be called into question. Britain has already left. Should another nation follow… it would be like a theatre filling up with smoke – how long before it becomes a rush to the exit?

Entire EU Banking sector approaching it's "LEHMAN MOMENT"

 The perilous situation of Europe’s largest banks can no longer be ignored.

The entire banking system in Europe could be fast approaching a ‘Lehman moment’. And it threatens to trigger a contagious wave of financial and social unrest.

Whilst Brexit dominates every newspaper and broadcast… the unravelling of the banking system in the EU has gone largely unreported.

But if you have savings in a UK bank or money in the markets…

It demands your immediate attention.

This situation has run so far out of control that Amsterdam-based financial think tank Transnational Institute believe:

"This ticking time bomb will explode. We can see that currently many Italian and Spanish banks are in a difficult situation. De facto they are bankrupt. Deutsche Bank also has problems. A new collapse is likely in the banking sector, and it will be worse than the 2008 financial crisis.If this happens the European Central Bank and European governments will not be able to handle it".

You have time to prepare – but it is impossible to say how long.

We have prepared an urgent briefing to show you exactly why the Europan banking system has hit a point of criticality.

Everything you need to understand and prepare is here.

As you will see – British banks are vulnerable to a European banking collapse. Think about your money.

Nick O’Connor

Associate Publisher, Capital & Conflict

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FBIs cozy connections to the Clintons

The deputy FBI director one Andrew McCabe who investigated Mrs Clintons email server activities and found her not guilty of any wrong doing it turns out benefitted from a substantial donation made by Virginia Govenor Terry McAuliffe, a Democrat with ties to the Clintons, who gave nearly $500,000 to the state senate election campaign of McCabes, wife. She lost the election.

FBIs Deputy Director implicated in $500,000 Clinton election donation influencing his decisions

Meanwhile the current director of the same FBI James Comey was a director of HSBC bank during a period the same bank oversaw $81 million foreign payments into the Clinton foundation. HSBC was at the time implicated in laundering drug cartel money & was heavily involved in the LIBOR scandal. Sandy Berger was a Clinton aide who was caught removing and destroying  secret records from the US National Archives. The documents were related to Clinton administration activities prior to the 9/11 attack. Comeys involvement in the case saw him as deputy attorney general hamstring the investigation by actively excluding Clinton administration officials who allegedly colluded with Berger during his illegal activities.

FBI director James Comey-& -ex Clinton foundation board also worked for HSBC

Ex Lib Dem peer suspended after House of Lords anti Jewish meeting

 Laura Hughes, political correspondent
27 OCTOBER 2016 • 4:46PM

A peer and former Lib Dem MP has been suspended from the party after hosting an event where the audience applauded the suggestion that Jewish people were responsible for the Holocaust.

Baroness Tonge, who sits as an independent in the Lords, hosted a meeting in Parliament where a speaker compared Israel to terror group the Islamic State of Iraq and the Levant.
Her suspension comes after a spokesman for the Israeli embassy described the event as "a shameful event" that "gave voice to racist tropes against Jews and Israelis alike".
House of Lords

The Palestinian Return Centre, which live streamed the event on its Facebook page, said the event inside Parliament was part of its Balfour apology campaign - which calls for the UK Government to "officially apologise for its past colonial crimes in Palestine".
One member of the audience was applauded after they claimed that “if anybody is antisemitic, it’s the Israelis themselves.”

She was photographed campaigning earlier this week with Sarah Olney, the Lib Dem's candidate in the Richmond Park by-election.

Screen shot of Lib Dem tweet
A Lib Dem spokesperson said: "The party has suspended the membership of Jenny Tonge. We take her comments very seriously and have acted accordingly.”
Cabinet minister David Lidington told MPs he was "genuinely horrified" by reports of the remarks.

Speaking in the Commons Mr Lidington said: "I read the newspaper reports of the event in question and I confess I was genuinely horrified by the speech that was reported there.


The peer has been suspended from the Lib Dem Party  CREDIT: CHRIS RATCLIFFE/BLOOMBERG

"I don't want to treat every newspaper article as gospel but I think we should all be very concerned about what happened there. "And I hope that since this appears to be an event organised by a leading member of the Liberal Democrat party, that the leader of the party does launch an immediate and thorough investigation so we can get to the truth and any appropriate disciplinary action can be taken."

In the Lords Lady Tonge lists her party as "independent Liberal Democrat".
In 2010 she was sacked as the party's health spokeswoman in the Lords after calling for an inquiry into allegations that Israeli soldiers supporting the relief effort in Haiti had been involved with organ-trafficking.

Lady Tonge was a Lib Dem MP between 1997 and 2005, when she entered the Lords. She has regularly run into controversy for her critical stance towards Israel. In 2004, she was sacked as a Lib Dem spokeswoman on children's issues after suggesting she could consider becoming a suicide bomber.

Poland will not support Tusk for second term as European Council President, conservative leader says

Jaroslaw Kaczynski, the leader of Poland’s ruling Law and Justice party (PiS), told the Polska newspaper that the Polish government will not support Donald Tusk, a former Polish prime minister, for a second term as President of the European Council. 

Kaczynski argued, “Tusk is a major problem. There are investigations going on in Poland in the parliament and in the prosecutor’s office that may lead to pressing some charges against him. 

Should such a person be the head of the European Council? I have serious doubts.” He added that Tusk’s “further stay in Brussels is highly risky, mainly for the EU.”

Source: Reuters

Labour votes for 2nd EU Referendum

Labours brexit spokeswoman is one Emily Thornberry whoes claim to fame was being sacked by Ed Milliband as the then shadow attorney general because she tweeted a photo of a van drivers home flying the flag of St Gorge so her party chums could have a laugh at it. Ms Thornberry was living in a £3 million Kensington apartment at the time.

She now claims that the party still has no policy on brexit as Thornberry states they “are still considering it”, because “it is unclear what the British public wants”. 17 million voters state we want to quit the EU and Emily hasnt a clue what that means - noone is that naieve. Meanwhile, Labour MP Toby Perkins raised concerns about the lack of discussion within the party about its official position saying, “I would be alarmed if the party has come to a position of wanting access — not membership — [of the single market] without any consultation in the party.”

Elsewhere the ink was barely dry on Corbyns victory when the parties conference led by pro Owen Smith Blairites passed a motion to make it official party policy to seek a 2nd referendum on our membership of the EU. This was in contravention of Corbyns own view on the matter which was to accept the verdict of the British people.

Anyone who thinks the re-election of Jeremy Corbyn by his parties activists albeit with an increased majority has settled the parties troubles is in for a very rude awakening.

Labour conference backs motion on holding second EU referendum

How Proportional Representation would have changed the face of our democracy

http://www.bbc.co.uk/news/election-2015-32601281

The Conservatives would have won 75 fewer seats but would still have been the largest party in the Commons. Labour too would have taken fewer seats. The SNP's dramatic increase in seats of 50 would have been curtailed to 25.

But UKIP, the Lib Dems and the Greens would have fared much better. UKIP would have been a force to be reckoned with in the Commons with 83 seats.

Mr Farage has not yet declared which of the many alternative voting systems he would favour, but any more proportional system would be likely to give him and other smaller parties a boost.

The contrasting fortunes of the different parties in Westminster under first past the post are made clear by looking at the number of votes won for each winning candidate.

UKIP required more than 100 times as many votes for its lone elected MP than the Conservatives did for each of theirs.
Votes per MP