Daily Archives: December 16, 2014

ZeroHedge – Russia Contagion Spreads To European Banks : French SocGen, Austrian Raiffeisen Plummet – 16 December 2014

ZeroHedgeWe recently noted the rise of counterparty risks in the financial system due to oil prices dropping (and leveraged derivative exposures) but as the Russia situation has deteriorated so dramatically this week, a renewed focus on bank exposures has sent stocks reeling (and credit risk soaring) among many European (and US) banks. As Bloomberg reports, Raiffeisen Bank International and Societe Generale, the European banks with most at stake in Russia, led European lenders lower. Raiffeisen fell as much as 10.3% to 11.40 euros in Vienna, the lowest level since it went public in 2005. Societe Generale dropped as much as 7.3% to 31.85 euros, hitting the lowest intraday level since August 2013. CDS markets for both also exploded with Raffeisen risk at 27 month highs. As one analyst noted, “There remains a huge amount of uncertainty at this juncture, but the key point is that there are no benign scenarios.” While not on the same scale, US bank risk has also widened signicantly in recent weeks (despite equity strength).

Credity risk is surging…

Read the full story at: www.zerohedge.com / link to original article

7/7 Terrorist Copycats Lose Human Rights Court Appeal – 16 December 2014

RT logoFour men who planned to bomb London’s underground transport network two weeks after the deadly 7/7 attacks have lost an appeal at the European Court of Human Rights.

Three of the men claimed their human rights had been breached because statements they made to police without lawyers present had been used as evidence against them.

On Tuesday, the ECHR rejected their claims that police had denied them proper legal advice, saying their subsequent trials had not been unfairly prejudiced.

The men were jailed over the attempt to replicate the suicide bombings on London’s transport network on July 7, 2005, which left 52 commuters dead. Their Al Qaeda-inspired attack failed because their homemade bombs failed to detonate.

Read the full story at: www.rt.com / link to original article

Blair Whitewash? Ex-PM Prepared To Face CIA Torture Inquiry Into UK Complicity – 16 December 2014

RT logoTony Blair will face an inquiry into British complicity in the CIA’s torture of terror suspects. The former prime minister’s decision came to light following Home Secretary Theresa May’s announcement that the probe would not be judge-led.

Following the release of a sobering Senate committee report last week, which uncovered shocking incidences of CIA torture after the 9/11 terror attacks, demands for a full-scale judicial inquiry into Britain’s role in these practices have intensified.

Nevertheless, May has ignored MPs and human rights campaigners’ calls and opted for a parliamentary inquiry. Leading British human rights organizations have said they will boycott it, however, warning the probe could culminate in the whitewashing of a dark period in British foreign policy.

Read the full story at: www.rt.com / link to original article

Jon Rappoport – Energy Depletion In A Human Being – 16 December 2014

jon7Energy.

As in: energy depletion.

Without energy, the individual feels trapped. In that state, he seeks to conform, fit in, survive long enough to die of old age.

Body and mind deploy various feedback mechanisms to inform a person about his “available supply of energy,” and when these signals are taken as absolute truth, trouble comes.

“I can sense my energy is dwindling. So I have to…settle for less, or see a doctor, or give up, or accept that I’m getting older, or change my values, or tune up a victim-story, or join a group, or…” Continue reading

Drug-Resistant ‘Superbug’ Found In Rio De Janeiro Olympic Waters – 16 December 2014

RT logo“Super bacteria” resistant to drugs have been found in the waters where the sailing events of the upcoming 2016 Rio Summer Olympics will be held. It’s the same usually found in hospitals and is very difficult to treat.

Micro-organisms werediscoveredby the specialists from the Instituto Oswaldo Cruz, one of the world’s main public health research institutions located in Rio de Janeiro.

The bug produces enzymes that make the condition resistant to almost all forms of treatment.

It was found in three out of five water samples taken along the Carioca River. Many 2016 sailing and wind surfing venues are located along the river where it flows into the city’s Guanabara Bay.

“The illnesses caused by these microorganisms are the same as those caused by common bacteria, but they require stronger antibiotics and, sometimes, can require hospitalization,” the study’s coordinator, Ana Paula D’Alincourt Carvalho Assef, said in an email to AP.

Read the full story at: www.rt.com / link to original article

North Korea Calls On UN To Investigate CIA ‘Brutal Medieval’ Torture – 16 December 2014

RT logoPyongyang claims the human rights issues long associated with the communist-ruled recluse state are politically motivated, while the real issue confronting the world body should be the CIA’s harsh treatment of terror suspects.

North Korea issued a plea to the UN Security Council to consider the issue of torture used by the US Central Intelligence Agency (CIA) as opposed to its own human rights violations at home.

READ MORE: Torture, starvation, infant execution in N. Korea prison camps exposed to UN panel

“The so-called ‘human rights issue’ in the Democratic People’s Republic of Korea is politically fabricated and, therefore, it is not at all relevant to the regional or international peace and security,” North Korea’s UN ambassador, Ja Song-nam, wrote in a letter to the UN council president.

Read the full story at: www.rt.com / link to original article

John Ward – Crash2 : Neoliberalism, Murderer Of Inflation, Commits Suicide By Deflation – 16 December 2014

dogtailptHow devious geopolitics and dead-end globalism combined to eat the world economy

You have to hand it to the neoliberal fraternity – perhaps I should say patriarchy – there’s never been a belief system in history capable of breaking all its own rules one by one, and still trying to tell us it’s the best socio-economic development system on the planet. Continue reading

Libyan Arms Dealer Charged In Dover Lorry Terrorist Raid – 16 December 2014

RT logoA British court has charged three men with serious terror offences, including a suspected Libyan arms dealer. He is said to have processed an order for £18 million worth of ammunition, including anti-aircraft equipment and heavy machine guns.

Westminster Magistrates Court heard on Monday of an “extraordinary” raid by Scotland Yard officers earlier this year, in which 20 stowaways were found hidden in a lorry heading out of the UK through the port of Dover.

Among them was Libyan Abdulraouf Eshati, 28, accused of carrying records of the purchase of the heavy weapons.

Read the full story at: www.rt.com / link to original article

Nuclear Ultimatum: Scottish National Party Challenges Labour On Trident – 16 December 2014

RT logoThe Scottish National Party (SNP) will only support a Labour government in a hung parliament after the May 2015 general election if they agree to scrap Britain’s nuclear weapons program, Scottish First Minister Nicola Sturgeon said.

Sturgeon ruled out a formal coalition with Labour, but suggested the SNP would support the party if they agreed to some “hard conditions.”

A recent YouGov poll highlights the SNP’s growing popularity in Scotland following September’s independence referendum, while Labour support in its historic heartland appears to be dwindling.

Read the full story at: www.rt.com / link to original article

John Ward – Gold Fall Yesterday : It Might Not Have Been Big, But It Was Naked Manipulation – 16 December 2014

JohnWCRASH2: Reality intervenes, so time for a bigger dose of unreality

I’ve been blogging about the gold-dump syndrome for over six years, and the phenomenon rarely changes in either form or aperture.

Last week’s fears about falling oil prices saw a medium-strength rally in the gold-tracker sector alongside stock market jitters around the globe. Greece saw 20% wiped off its bourse value, and mid-eastern markets have been bloody. In short, a brief return to sanity – aka, the fundamentals. Continue reading