MOD: Reports that a UK Soldier was killed by an IED Today in Afghanistan, the Soldier was from the “ 1st Battalion The Rifles ”. Thus since 2001 the UK has lost 377 of its Armed Forces Personnel in Afghanistan, of that total it has lost 333 in combat action and 44 due to illness, accidents or other incidents.
Monday, July 18, 2011
Money Markets Tumble
Daily Mail: The money markets are slid today folks, the joint pressure of the Euro debt and the US debt has sent the shares downhill. At 5.31 UK time, the FTSE - 100 was down 90.85 and the US Dow Jones was down 163.59. Folks the markets are going to take bigger hits, there is simply to much debt out there, the US and Euro countries have to change the basic structure of their welfare states, they costs are not matched by tax coming in, thus the politicians will have to ask the people, higher taxes for welfare or lower taxes and less of a welfare states, its that simple and stark folks.
2008 Economic Crisis AGAIN = 2011 ?
Guardian: Reports that the European Central Bank has stated that it fears another 2008 economic crisis, and as the article notes this a crunch week for the Euro, an emergency meeting will be held by Euro Countries on Thursday. Folks its simple, either the PIGS leave the Euro or the Euro will go down the drain, that is the hard choice, the cancer that is Greece if it is not cured will infect the economic body of Europe and crush it, time for harsh action by the EU, throw the PIGS out of the Euro, and really stress test the banks, there still has to be a lot of hidden debt folks, this blog does not trust the banks.
Afghanistan Front News
MOD: Has announced the name of the UK Soldier that was killed on Saturday in Afghanistan, the Soldier was “ Lance Corporal Paul Watkins, from 9th/12th Royal Lancers (Prince of Wales's) ”. Our thoughts are with the family of Lance Corporal Watkins.
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