Tuesday, July 19, 2011

Afghanistan Front News

MOD: Has announced the name of the UK Soldier that was killed on Monday in Afghanistan, the Soldier was “ Corporal Mark Anthony Palin from 1st Battalion The Rifles ”. Our thoughts are with the family of Corporal Palin.

Germany and the Greek Default

BBC News: Reports that Germany has scaled down expectations for the emergency meeting by the EU on Thursday to discuss the Greek Debt. Lets be honest here folks, the biggest problem faced by the German Government is the fact that the German tax payer is not happy with all these bailouts. Thus the idea by Germany that private banks with Greek debt should write that debt off, this plan in the view of the credit agencies is a Greek default, thus a big problem. At some point even Germany will have to pull the plug on Greece, the longer the wait, the more political damage for Chancellor Merkel, and more Greece will suffer under its austerity package, when will the EU gets its head out of its backside, and see the real world folks, its an interesting question folks.

The Political Reality vs. Media Frenzy

Guardian: This poll must have shocked the living daylights out of the left wing Guardian, they have a new poll that has the Conservatives ahead of Labour, the poll finding are as follows, Conservatives 37%, Labour 36% and the Lib Dems at 16%. What is funny and I mean funny folks is that Labour under Ed Miliband is down three points, if you have been listening to the left wing press from the Guardian to the BBC you would have thought that David Cameron was on his way out, that his was Watergate UK style. The left wing media is now making accusations based on guilty by meetings, well if the Labour Party is going down that line it will be interesting to see when Tony Blair appears before the press inquiry, that should be an interesting time for Labour. As usual the left wing media are over reaching, yes the hacking case is serious, yes the police have questions to answer, so do the Courts, but all are very quiet on that, UK Judges are not afraid to throw people in jail for contempt of Court. That David Cameron was close to the Murdoch Empire, so what, has Labour lost its memory, lets hope the older hands row Ed Miliband back form his student view of the world.

Italy and Spain on the BRINK = Euro Crisis


Folks the UK hacking story is important but this story has the potential to wreck the lives of millions, send us all down the toilet.






Telegraph: Reports that the cost of Italy and Spain to raise capital on the money markets has almost reached the point of no return for these countries. Folks lets get honest here, Italy and Spain will fall its just a matter of time, the debt is to much, the austerity packages required can almost kill off economic growth, the EU countries have to decide, will they in fact bailout ALL the PIGS or will they allow these Countries to default. It can be argued that the EU for its long term security should allow these countries to hit the wall, then you can assess the damage and help, at present the EU/IMF is throwing money down the toilet and it wont be returned, that is a path to disaster.