Europe in Trouble

Greece Spain and Europes financial woes

It had to happen. Liberal social services without properly taxing income. Little or non existent private sector enterprise have led to the apparent meltdown of the Euro. Greece and Spain are in trouble as they will not be able to pay out loans received on time. This will devalue the Euro sharply and cause defaults of banks and other financial institutions. As there is a close connection to all in financial markets a recession or depression or eurocession will happen.
Everyone is in agreement that all this bodes bad things for Europe not all agree how contained the trouble will be. Some economists insist that by the nature of financial global structure the United States Economy will suffer. Others say that because Europe will become an unstable place for investment European money will start flowing in the United States stock market. The devaluing of the Euro may help the crisis as cheap goods will be bought in Europe by the influx of dollars. These goods will be bought cheaply in the US and help the local United States Economy.
Greece and Spain will suffer greatly from this crisis as they have been irresponsible in their fiscal planning and have used money they do not have.
Many of these teeter toter countries are having troubles in many areas including immigration and political turmoil.
Europe is in trouble.
Big time

Building freeze in Jerusalem

Has he or hasn’t he

Has the prime minister of Israel frozen defacto building in east Jerusalem? That my friends is the 64 thousand dollar question. The prime minister says of course not , the major news sites are sure that it is so. What does the mayor of Jerusalem say? That there is a slow down but not a complete stoppage of building.
Go figure it out. The prime minister came to power on a very clear platform of continuing to build in all parts of Jerusalem. Even labor governments always refused to budge on any building freeze in Jerusalem. How then could a right wing Conservative prime minister put on a freeze. Great question.

Difficult answer.
The plain truth is that the mechanism to approve new building has been stopped. There has not been an official freeze just a defacto freeze that President Obama and Netanyahu have agreed upon. To prove this point no new approved building plans will be put forth in the coming months. A defacto freeze.
Apparently Mitchell has whispered in Avbu Mazens ears that there an a unofficial freeze and hopes that will bring him back to the negotiating table. It hasn’t yet. But who knows?
It is unlikely or rather impossible that all this will get anyone anywhere.
It will in all likelihood get us another war

Obamas Nuclear conference

Obamas Nuclear conference

Prime minister Benjamin Netanyahu will not participate in the upcoming nuclear conference that is being held in the US next week. He has some good reasons.

Israel has never officially admitted its nuclear capabilities and has never even tested a nuclear device. Its clear nuclear abilities are the world’s worst kept secret that convicted traitor Mordechai Vanunu ostensibly showed the world. It is also well known that Golda Meir threatened to use some of those weapons when things looked grim in the first parts of the Yom Kippur war. That allegedly pushed then secretary of state Henry Kissinger to start the massive airlifting of military supplies to Israel.
The Arabs understand that a nuclear Israel is virtually indestructible and seek any way to undermine this indestructibility. Netanyahu understands what everyone else does. That is a country surrounded by 150 million Arabs needs a nuclear deterrence to survive. President Obama is determined to change the world order and Israels national interest seems less important. Netanyahu will be forced into a corner he wishes not to be in and has made a wise decision not to attend.