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No Transaction Tax - Cameron

Daily Mail: Reports that UK Coalition PM David Cameron has stated he will use his veto again to stop a Euro transaction tax. This shows leadership by PM David Cameron, the latest call by the French President is way to gain votes in his re-election bid, even the German Chancellor has admitted she does not have support for the move in the German Parliament. This kind of tax in itself is not bad, but it has to be GLOBAL, all the major financial countries have to part, otherwise in this 21st Century global system the bankers or financial institutions will just move, the present over regulation of the EU has not stopped the present mess, in fact the biggest breakers of rules are the Germans and the French, they can take a hike if they want to tax London to pay for their mistakes.

Greece Bailout and the Eurozone

Guardian Live - Euro: Reports that German Chancellor Merkel has stated that Greece will not get its 130 billion Euros bailout unless it agrees a haircut debt deal with its debt and bondholders. This could be a way out for Greece folks, the Greeks could just throw in the towel, default, then the EU would have to bailout Greece as it would not be able to get money from the markets, it could return to its native currency and reconstruct its economy, brining the Greeks in to the 21 Century. It would be hard, very had for the people, otherwise the Greeks are going to suffer for years, and for what, they will still be in debt and the only winners will be the bankers. Time to leave the Euro Greece.

Transaction Tax and the Eurozone

Telegraph Live - Euro: Reports that Chancellor Merkel has admitted she does not have the total support of the German Parliament for transaction tax. The UK has made it clear it will block a EU transaction tax, thus will German Parliament allow German market to suffer as to help the French President get re-elected, this blog has its doubts folks. Since the US and UK are a No, it not worth the paper its written on, it’s a GLOBAL market folks, the bankers and financial institutions will just move to London or New York. The Counties that will suffer will be France and Germany, another rock in the shoe folks, Greece being a mighty stone. EU leaders will never learn, no wonder the present mess.

CIA Agent DEATH Sentence ? - IRAN

BBC News: Reports that Amir Mirzai Hekmati a US Citizen has been sentenced to death for being a CIA Agent in Iran. The Tehran Regime is playing hardball folks, expect this story to grow over the next days, weeks, the Iranian Regime will know how damaging the hostage crisis was to Jimmy Carter, thus they will play this for all its worth, if they were smart, they would release Mr Hekmati at once after the US freed Iranians held hostage by Pirates in the region, releasing Mr Hekmati would be good PR, this kind of act just focuses the World on how much the Tehran Regime is a outlaw State. The Obama Administration would be forced to take action should Tehran follow through with the sentence, this might be the idea folks, Tehran is seeking diversion form his nuclear plans. It is a game within a game folks, never ending, in less Tehran goes nuclear, then Israel will hit Iran.

South Carolina Poll - Republican Race

CNN - Politics: Reports on its new CNN/Time poll in South Carolina, leading with 37% is Governor Romney, while Senator Santorum is on 19% and former House Speaker Newt Gingrich is on 18%. Thus folks if this is the result the race is OVER, Romney will be the Republican nominee, one can expect an increase in the Romney numbers should he win big in New Hampshire, Santorum needs to come second in NH for a good bounce in SC. If Paul is second, then the Santorum Campaign will be running on illusion not political reality. Also Rick Santorum might be looking for the VP spot on a Romney ticket, thus he can not afford to push this Campaign to far, the wild card will be Newt Gingrich, he has seen his Campaign destroyed by the negative adverts of the Romney Super Pac, thus he might be out to damage Romney before the General Election. It is down to SC folks if the Conservatives in the Republican Party want to stop Romney, otherwise time to get on the Romney train.

Ed Miliband = Troubles

Sunday Mail: Reports on the divisions in the Labour Party over the leadership of “ Red ” Ed Miliband, the strife is between supporters of Ed Miliband and his brother David Miliband. This is worse folks that the fight between Tony Blair and Gordon Brown, it shows how narrow the Labour world is, two brothers fighting, one really cant blame David Milband, or to be fair his supporters, they see a leader that was not elected by the Labour MPs but by the Unions, they see a weak leader who even the public cant see walking through Number 10 Downing Street as PM. This is not new to the Labour Party, they could not get rid of then PM Gordon Brown when it was seen he would be a disaster in the General Election. It has been heard inside Labour that they don’t have to change, that the votes got it wrong, that is the arrogance of New Labour folks, if the Labour Party does not get rid of Ed Miliband it could be out of power for more than ten years, is that a price worth paying Labour Party supporters have to ask themselves.