by Henry Bizon and Georgi Stankov, November 17, 2014
I hope you are feeling much better than when you posted your ‘Very Short Energy Update’ on 15th November. Thank you especially for your down-to-earth advice regarding my eczema, which is beginning to heal since I changed my brand of “so-called” organic shampoo.
I think we may be seeing a desperate “last-ditch” battle plan in the war to save the dying and convulsing financial dinosaur of the cabal. At the recent G20 summit the participating countries implemented legislation for deploying a “bail-in” as in the case of Cyprus in 2011.
Then at the close of this G20 summit, David Cameron makes the following announcement (see full article below):
It’s not even subtle!
Love and Light,
thank you very much for your care – I do feel much better today but Carla has another relapse and feels very ill.
You are absolutely right – the dark ruling cabal are shitting in their pants now and the stench can be felt from Brisbane till Europe and even here at the Pacific coast. They know too well that the West is financially ruined and this is what Putin told them on the G20 summit with regard to their idiotic sanctions (Putin asks: “Was something switched off in the brains of the Western ruling cabal?” .
As there was nothing more to discuss, he left this funeral of the dying Western dinosaurs, because he has better things to do at home – for instance, expand Russia’s influence in Asia and the rest of the world, where the BRICS countries have already surpassed the infamous seven in their BSP and are now eager to also dump the paper dollar that cannot even be used as toilet paper and is hence of less value than the latter especially when the angst diarrhea of the Western cabal reaches gargantuan proportions.
The whole shebang of the Western MSM that the G7 heads of state have “humiliated” Putin is such a bullshit that I wonder how imbecile a person must be (most probably a brainless Internet troll) to believe such a distorted presentation of reality, especially in these auspicious days when the portal of truth is fully opened and all the lies are immediately revealed.
I am following this story with the old nefarious “bail in” of the Western bankrupt banks by robbing the savings of the citizens as they did in Cyprus very closely. Cameron, this pathetic juggler, has every reason to freak out as the British economy is in worst shape among all big European countries, very much like Spain and the national debt has skyrocketed in the last years. The policy of austerity he preaches is no longer accepted even by the docile dumbed down citizens of this darkest former “Empire” and he is now Downing at No 10 with rapid speed.
The financial crash is inevitable as I predicted in my chart-technical analysis of the major equity indices and will come parallel with the full unfolding of the new energies of the portal of truth which will end on November 21. After that the stage is open for the “Bear dance” (bear markets) and the Russian bear will have its say in aggravating the plight of the rigged, inflated, free-fall, free of ethics, free of real assets economy of the AAA, which has nothing to do with the ridiculous ratings of “Moody, Jerks and Thugs Co”, but is an acronym for the broken Anglo-American Axis of Evil.
None of the decisions made at the G20 summit by the decrepit G7 will have any chance of realization as they are running out of time and they know it all too well. That is why the light gestalt Putin left the sinking ship in due time. This is no longer his company – it is the company of losers and no serious politician wastes his time with such people.
With Love and light
David Cameron warns of looming second global crash
PM says ‘red warning lights are flashing’ against a backdrop of instability and uncertainty, as G20 summit draws to a close
David Cameron: red lights are flashing on the global economy
by Patrick Wintour in Brisbane, November 17, 2014
David Cameron has issued a stark message that “red warning lights are flashing on the dashboard of the global economy” in the same way as when the financial crash brought the world to its knees six years ago.
Writing in the Guardian at the close of the G20 summit in Brisbane, Cameron says there is now “a dangerous backdrop of instability and uncertainty” that presents a real risk to the UK recovery, adding that the eurozone slowdown is already having an impact on British exports and manufacturing.
His warning comes days after the Bank of England governor, Mark Carney, claimed a spectre of stagnation was haunting Europe. The International Monetary Fund managing director, Christine Lagarde, expressed fears in Brisbane that a diet of high debt, low growth and unemployment may yet become “the new normal in Europe”.
Cameron has adopted the more sombre tone in the runup to the chancellor’s autumn statement on 3 December, when the Office of Budget Responsibility will produce new growth forecasts and spell out the impact on public finances.
“The eurozone is teetering on the brink of a possible third recession, with high unemployment, falling growth and the real risk of falling prices too,” Cameron writes. “Emerging market economies which were the driver of growth in the early stages of the recovery are now slowing down. Despite the progress in Bali [trade talks in 2013], global trade talks have stalled while the epidemic of Ebola, conflict in the Middle East and Russia’s illegal actions in Ukraine are all adding a dangerous backdrop of instability and uncertainty.”
The emphasis on potential dangers, balancing some more hubristic ministerial accounts of the state of the UK economy, reflects Cameron’s concern – underlined by conversations at the G20 – about the extent to which Britain can detach itself from gathering economic storms.
Politically, Conservatives believe an emphasis on the risks still facing the UK will make anxious voters recoil from handing stewardship of a fragile economy to a relatively untried Labour team.
Some recent polling has seen the economy decline as an issue for voters, partly because there is a belief that the recovery is secured, leading to issues such as the health service and living standards, which have been seized upon by Labour, to rise in importance.
But with Germany, Europe’s manufacturing powerhouse, growing by just 0.1% in the third quarter, the eurozone economy appears to be faltering.
A European Central Bank (ECB) survey showed that inflation would remain at worryingly low levels before picking up slightly next year. The annual inflation rate in the eurozone was near a five-year low of 0.4% in October and the ECB expects a rate of 0.5% for 2014 – well below the target of close to 2%.
The EU may also be only one or two new rounds of sanctions away from pushing Russia into a deep recession as punishment for its interference in Ukraine, a point made in Brisbane by the Russian president, Vladimir Putin.
Cameron stresses that retreating from the world or imposing extra tax and borrowing may seem easy solutions but they would instead prove only to be a repeat of the mistakes of the past.
He claims that the G20 communique hammered out over the past few days endorsed Britain’s determination to use monetary policy to support growth and he would not waver on his policy of paying down government debt.
The summit, dogged by controversies over Ukraine, extra aid to fight Ebola and climate change, was hailed as “a weekend of achievement” by the Australian prime minister, Tony Abbott. He said the group of leading nations had managed to “shift a gear”, by moving from a responsive to a proactive stance on world events.
World leaders pledged 800 separate measures designed to lift their combined economic growth by an additional 2.1% above the current trajectory by 2018 compared with 2013 – a measure the IMF and OECD have calculated would add more than US$2tn (£1.3tn) and millions of jobs to the global economy.
Much of the growth would come from infrastructure investment and getting an extra 100 million women into the labour force.
None of the commitments are binding on national governments, so there is some scepticism that the Brisbane action plan will be able to have the transformative effect it promises, but Cameron said if the pledges were kept, it would mean “an extra Australia and New Zealand” added to the world economy. The G20 had credibility, he argued, since it had shown its effectiveness by pushing through reforms to achieve bank stability in the past.
He said the G20 had taken fresh steps to clamp down on corporate tax avoidance, pointing out that 92 tax authorities were now cooperating by sharing information which would enable G20 countries to raise an extra $32bn in tax revenues.
“This is not some arcane dry and dusty subject,” Cameron said at his closing press conference. “The more we can make sure big corporations pay their taxes properly, the less we have to tax hardworking people who I want to make sure can keep more of their own money so they can spend as they choose.”
But the TUC general secretary, Frances O’Grady, said: “Too many world leaders seem to think any jobs will do when they should be thinking about the security and quality of those jobs. The same story of casualisation, part-time work and insecurity in the labour market is spreading across the world.”
Chris Leslie, shadow chief secretary to the Treasury, said: “David Cameron claims his policies are working, but as even Sir John Major admits, most people still aren’t feeling the recovery.
“Working people are £1,600 a year worse off under his government, borrowing is going up so far this year and exports have fallen behind our competitors. David Cameron should be trying to strengthen growth and make sure working people finally benefit from it, not making excuses for slower growth.”