Tag Archives: eu

What Economic Recovery? United Kingdom in Double Dip mode, “strong” Netherlands economy falling apart

Just two days after Spain went Double Dip, Britain is now officially in double dip recession.

On April 23, it was reported that the “experts” expected U.K.’s quarterly GDP report to show 0.1% “growth”, which would have kept it officially out of a Double Dip (I said “close enough”).

April 25, the Office for National Statistics (ONS) said Britain’s GDP actually dropped 0.2%. Aww, that means two quarters in a row of negative GDP, welcome to the Double Dip club!

Here’s the tally, so far: United Kingdom, Spain, Italy and Belgium are officially Double Dippers.

To add to the European Union woes, France and Germany (considered the strongest economies in Europe) are seeing GDP contractions.

Then there’s Netherlands, which was considered to have a strong economy as well.  However, the government has fallen apart, over arguments concerning cutting government spending and raising taxes.  The Prime Minister resigned and new elections are to be held in September.  The Queen of Netherlands (yes, they are an evil elitist monarchy just like the U.K.) has ordered the Prime Minister to stay on until after the new elections.  (this is just more Trilateral Commission operations to create a singular privatized government system)

What Economic Recovery? Spain officially in double dip recession, Britain on the verge

April 23, 2012, Spain’s Central Bank has declared the country officially in recession.

Gross domestic product (GDP) shrank 0.4% in the first quarter of 2012, following a 0.3% decline in the last quarter of 2011.   Decline for two quarters in a row makes an official recession.

The Spanish government says it will cut spending by $11 billion USD, and will increase taxes!

The United Kingdom is on the verge of double dip recession. Britain’s Office for National Statistics is expected to say on Wednesday that the economy grew(?) by a meager 0.1%.  

By the way, in order to be considered true growth your GDP needs to be at 3% or higher.  So Britain’s GDP is only 0.1%?  Close enough to call it double dip!

To make matters worse, the two “strong” European economies, Germany and France, are actually contracting!

Belgium and Italy have already crossed into double dip recession.

World War 3: Russia to station naval fleet off Syria…Permanently

“A decision has been made to deploy Russian warships near the Syrian shores on a permanent basis.”-unnamed Russian Defense Ministry official

April 13, 2012, Russia’s Defense Ministry announced that a Russian naval fleet will continuously patrol the Mediterranean Sea, near the Syrian coastline.

The Black Sea Fleet will deploy to Syria around May.   Currently the Russian Kashin class guided missile destroyer Smetlivy is patrolling near Syria.

World War 3: Iran stops oil shipments to Germany, Iran imposes sanctions on 100 European companies

April 11, 2012, Iran follows through on threat to cut off oil to Germany, now Italy is next.

Iran also announced sanctions against 100 European Union companies.  Sasan Khodaei, Deputy President of Iran Trade Promotion Organization, said the companies will no longer be able to sell products to Iran.

One reason for the sanctions is that Iran is now able to make the products for themselves.

 

Oil & Gas Prices: Iran officially stops oil shipments to Spain & Greece. Germany and Italy next.

April 10, 2012, Iran has officially halted oil exports to Spain and Greece.

The official government announcement comes after Iran canceled oil shipments to two Greek companies on April 5.

Back on March 16 Iran had named the next countries on its oil export ban list.  Those countries are Greece, Italy, Netherlands, Portugal and Spain.  This is in retaliation for the up coming European Union oil sanctions that go into effect on July 1.

Iran had already halted oil shipments to France and United Kingdom back in February.

According to an April 10 Reuters report, Iran is now considering halting oil exports to Germany as well.

 

Class Warfare & Privatization: Greek police now operate on rental bases

“…with the decision of Ministers of Protection and Finance, the Greek police is available for hire by private clientele. However, this means if the Greek police is hired by those who can afford it, there are no available forces for those who cannot.”-Proto Thema, Greek news media outlet

The Greek news media outlet Proto Thema reporting that Greek cops will now be rented out.

Greek officials claim this is the only way they can continue to fund law enforcement.

The cost: About $39 USD per hour for one cop, additional $13 if you need a cop car.

Police patrol boat $261 per hour.

Police helicopter $1,960 per hour.

As you can see, only the elites can afford police protection now, and the “people” are still being forced to pay taxes for such “police protection” that they now won’t get!

Greek officials say they have to go with the rent-a-cop plan because crime has skyrocketed, no shit Sherlock, youth unemployment in Greece is at 50%!

Government/Corporate Evil & Class Warfare: 12 Myths of Western Capitalist “Democracy”, if you’re a commoner your chances of success are as good as playing the lottery!

The following quotes were published on 7 January 2012, by Portuguese economist Guilherme Alves Coelho.

Myth 1: Under capitalism, anyone who works hard can become rich.

“In fact, the probability of success in the capitalist system for the average citizen is the same as you winning the lottery.”

Myth 2: Capitalism creates wealth and prosperity for all.

“The objective is to enable the employer to accumulate indefinite wealth without being asked how they did it. At the same time the hope is maintained that sooner or later workers will be rewarded for their work and dedication.” 

Myth 3: We are all in the same boat.

“The goal is to create a guilt complex for workers, allowing capitalists to increase revenues and pass their expenses onto the people.”

This is similar to Mitt Romney style vulture capitalism, in which “investors” like Romney used other people’s money to make profits.

Myth 4: Capitalism means freedom.

“The goal is to create something similar to a religion of capitalism, where everything is taken as blind faith, and deny people the right to participate in making macroeconomic decisions. The myth of the freedom to “negotiate” for your job being considered the ultimate freedom.”

Myth 5: Capitalism means democracy.

“This myth, which smoothly follows from the previous one, was created in order to prevent the discussion of other models of societies.”

Myth 6: Elections equal democracy.

“It’s actually the capitalist system, that manipulates and corrupts everything, that the vote is conditioned and elections are merely formal acts.  The simple fact of the bourgeois class minority always winning elections demonstrates it’s non-representative.”

Don’t forget, one of the main reason for the 1776 Revolution that created the United States was no representation in the British government!

Myth 7: Alternating parties in office is the same as having an alternative.

“It is intended to make people believe that the political parties that alternate periodically in power have alternative policies.  In fact this apparent multi-system or bi-partisan is a one-party system. Two or more factions of the same political organization, sharing the same capitalist policies alternate in power, simulating independent parties with alternative policies.”

Another way to say this is the Democrats and Republicans are two sides of the same coin.

Myth 8: The elected politician represents the people and can therefore decide for them.

“…once in power, the elected…Does not fulfill what he promised and what is even worse, put in place measures that were not talked about publicly before, often opposite what was promised and even unconstitutional.” 

“…being a major cause of the growing number of people who do not vote.”

Myth 9: There is no alternative to Capitalism.

“It is intended to make people believe that capitalism, though not perfect, is the only political/economic regime possible…The aim is to eliminate competition from other systems…using all means, including force…”

This is ironic considering the masses are always told that capitalism is about competition, or that competition is good.

Myth 10: Austerity cuts (severe and enforced economic deprivations) will save the economy and your job.

“It is intended to make people believe that the blame for the economic crisis is caused by the excess of benefits for workers….The aim is basically to transfer to the public, people in general and for workers specifically, the responsibility of paying the debts of the capitalists. Make people accept the plundering of their property in the belief that better days will come later. It is also intended to facilitate the privatization of public/government services….without mentioning that these were the most profitable sectors of the state, whose future earnings are lost as a result.”

Myth 11: Less government equals better government.

“It is intended to make people believe that the private sector manages the state better than the public sector.  The actual goal of capitalists is…to facilitate the takeover of functions and assets of profitable government operations.”

This is exactly what is going on with the U.S. Postal Service.  The USPS is not in trouble because they’re not making money, they’re in trouble because the U.S. Congress refuses to hand over the money the USPS has made from selling postal services (the money earned is actually controlled by Congress).  Remember the U.S. Congress is controlled by Corporate America.

Myth 12: The current crisis of Capitalism is short-term and will be resolved for the benefit of the people.

“It is intended to make people believe that the current economic and financial crisis is a normal cyclical crisis of capitalism, and not a systemic/intentional crisis.  The aim of the capitalists…is continuing to plunder and exploit the people while they can. It has also served for some politicians to remain in power, fueling hope among people that better days will come if they continue to vote for them…..what we see is the continuous deterioration of living standards of people without any hope of improvement.”

Guilherme Alves Coelho also warned that as Western style “democratic” capitalism continues to fail, the capitalist elites will force the working class to make more and more sacrifices.  Proof of this are the continuing and increasing austerity measures implemented by Greece, Italy, Spain, Portugal and United Kingdom, to name a few.  The austerity cuts have been taking place in the various states of the United States since 1999/2000, but they’re not called austerity, they’re called “reforms”, “improvements” and “cutting costs” supposedly to save taxpayer dollars (have they really saved taxpayers any money?).

This is clearly class warfare already being waged by the elites against the rest of us.  Coelho says we the People need to prepare for the final battle: “Today, more than ever, you need to create barriers to the final round of capitalist barbarism, reverse the situation, by presenting other political solutions, refusing the obscure statements of the elites by demanding clarification, and mobilizing and organizing the people.”

 

Oil & Gas Prices: China outproducing Exxon Mobil, North Sea major gas leak, Sudan bombs oil rich South Sudan, Iraqi Kurds stop oil shipments, Canada will stop selling cheap oil to the U.S.!

French oil company Total, could lose $2.5 million USD per day due to its North Sea oil rig leak.

The Elgin ocean rig, near Scotland, began leaking natural gas eight days ago.  It’s coming from a well that workers were trying to cap.  The situation in the North Sea now, is similar to the 2010 BP Gulf of Mexico blow out.

Workers were evacuated for fear of a huge explosion. There are now reports of “oily sheen” on the ocean’s surface.

According to the North African country of South Sudan, their neighbor Sudan is bombing their oil rich areas, in order to drive off investors from the United States.

Officials from Sudan deny that they are specifically targeting oil wells, but U.S. President Barack Obama asked both sides to avoid targeting oil resources.  The U.S. supported the creation of the new country of South Sudan.

The Kurdish autonomous government in northern Iraq, have stopped oil shipments.  Kurdish officials say the Iraqi government has not made any of the payments promised for past oil shipments.

Iraqi officials responded by stating that the Kurds have not sent all the oil that was promised. However, a payment of $560 million USD is being reviewed.

Iraqi officials also say they have reason to believe the Kurds are illegally selling oil to neighboring Middle Eastern countries.  However, despite such claims of loss from Iraqi Kurdistan, Iraqi oil exports hit 2.13 million barrels per day in March.

The world’s biggest oil producer is no longer Exxon Mobil.  PetroChina is now the number one producer of petroleum oil.

According to Bloomberg, PetroChina is now producing a little more than 2.4 million barrels per day of oil.  Chinese officials say the petroleum company will actually increase its take over of other oil companies around the world, because China’s industries need the oil.

“Look, the very fact that a ‘no’ [a no on Keystone] could even be said underscores to our country that we must diversify our energy export markets. We cannot be, as a country, in a situation where our one and, in many cases, only energy partner could say no to our energy products. We just cannot be in that position.”-Stephen Harper, Prime Minister of Canada

Canada has been selling its oil to the United States by at least half the going rate, but Canadian officials say that can’t continue, even if U.S. officials approve the Keystone XL pipeline. Canada will eventually jack up the price for U.S. customers.

“We have taken a significant price hit by virtue of the fact that we are a captive supplier and that just does not make sense in terms of the broader interests of the Canadian economy…”-Stephen Harper, Prime Minister of Canada

 

 

 

 

 

What Economic Recovery? European Unemployment Up, Spain hit hardest

April 2, 2012, the European Union reported that unemployment is still high.  It’s the 8th straight month of increasing unemployment for the EU.

Portugal’s unemployment is now at 15%, with Italy at 9.3%.

Spain is hardest hit, with 23.6% officially unemployed.  Young workers under 25 years of age are suffering the most.  Spain’s youth unemployment rate is at 50.5%, which means that one out of every two youth are out of work!

Corporate Evil & What Economic Recovery? U.S. Alcoa to close factories worlwide, thousands of people to lose jobs. It’s all because Alcoa wants higher Aluminum prices

March 27, 2012, Sardinian workers are protesting the planned closing of Alcoa’s Portovesme aluminum smelter on the island of Sardinia.  The move could cost Italy the loss of at least 1,500 jobs.

U.S. media last reported that U.S. based Alcoa was making a deal with union workers to keep the factory open, however, European media says that ain’t so.

In fact three potential investors are now suing Alcoa.  The Italian government has been demanding Alcoa keep their factory open.  The Spanish government is also upset because Aloca has plans to reduce smelter operations there.

This is evidence that Corporate America is partly to blame for the continuing economic disaster in Europe!  But it’s not just Europeans losing their jobs, Alcoa is hitting Australians as well.

In Geelong, Australia, Alcoa says it’s closing down operations there, because it doesn’t want to pay its electricity bill!  Alcoa wants a deal from the Australian government, and utility suppliers, in order to keep its Point Henry smelter open.

Alcoa also blames the pending closing of their Australian smelter on the need for $100 million AUD (Australian Dollars) to upgrade the smelter to meet environmental regulations.  600 people could lose their jobs.

But the real reason for the closings of all these Aloca operations worldwide, is that the price of aluminum is not high enough for Alcoa executives.

Recently Alcoa officials said the recent drop in aluminum prices “…will result in a global aluminum industry deficit of 600,000 metric tons in 2012.” Why would that be?  Because the aluminum industry will cut back production until aluminum prices go back up. That means closing down factories, creating thousands more unemployed people.

Interestingly, despite aluminum prices being low, on March 1, 2012, Alcoa announced they were actually raising prices (by 5%) on some of their aluminum products!