The Tragedy Of The Euro

By Alasdair Macleod – Re-Blogged From Silver Phoenix

After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The consequence will be a new cycle of sharply rising bond yields for the weakest Eurozone members, and systemically destabilising losses in the bond portfolios owned by Eurozone banks

The blame-game

It’s the twentieth anniversary of the euro’s existence, and far from being celebrated it is being blamed for many, if not all of the Eurozone’s ills.

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Most People Live in a Flat Earth and Struggle to Visualize Climate and a Three-Dimensional Atmosphere

By Dr. Tim Ball – Re-Blogged From WUWT

In a recent article, I used an illustration of 1200 km circles around a weather station to illustrate the extent the IPCC considered it represented. A comment about the article asked if I was aware of the map distortion and its effect on the circle of coverage. It was an arcane but important observation. He was pointing to the distortion created by using a Mercator projection map.

I am very aware of the distortion. My entire career involved working with maps. This included flying in the Air Force; teaching courses and running labs about maps and map reading; studying climate weather maps; the movement and migration of people driven by climate change; and teaching a course in political geography. I provided major research for a book on the search for the Northwest Passage on the Pacific west coast written by Sam Bawlf titled, “The Secret Voyages of Sir Francis Drake.” Dr. John Dee, science advisor to Queen Elizabeth I, gave Drake his sailing and scientific instructions. This included accurately determining the longitude of the west coast of North America. This research resulted in Drake visiting the Dutch map maker Abraham Ortelius (1527-1598) after his return. Two months after Drake’s visit Ortelius produced a new world map with the coast shifted 60° of longitude to its proper position.

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Italy Calls Europe’s Bluff, And The Euro Loses Either Way

By John Rubino – Re-Blogged From Gold Eagle

When Italy elected a bunch of rowdy populists back in March, the rest of the eurozone assumed (or at least hoped) that the weight of responsibility would bring Rome back into line. But so far the Italians appear to be serious about ending austerity and forcing the ECB to finance their spending ambitions. The just-passed Italian budget calls for a rising deficit, in direct disobedience of Continental (read German) authorities.

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Failed States, Part 1: Hopeless European Millennials And The Populist Takeover

By John Rubino – Re-Blogged From Dollar Collapse

Europe is frequently held up as an example of how the rest of the world should behave on a variety of issues. But this comparison misses at least two things: First, “Europe” is actually a lot of different countries in a lot of different situations. Second, much of what seems to work over there only does so because it’s being financed with ever-increasing amounts of debt.

For countries, as for individuals, borrowing money is fun at first but beyond a certain point becomes debilitating, as interest payments begin to crowd out everything else. That’s where a growing number of Europe’s failed states now find themselves, with overly-generous pensions and overly-restrictive labor laws making it virtually impossible to run a functioning market-based economy.

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Silver – The Original World Currency

By Rory Hall – Re-Blogged From http://www.Silver-Phoenix500.com

Silver has been money, and currency, longer than gold. The word “silver” actually translates to “money” or vice-versa in many countries around the world. Any true Christian knows that Judas sold out Jesus Christ for silver. Some theologians have reached the conclusion that Judas sold out Christ for approximately 30 pieces of silver. What would the value of 30 pieces of silver been in time of Christ?

The word used in Matthew 26:15 (argyria) simply means “silver coins”

There were a few type of coins that may have been used. Tetradrachms of Tyre, usually referred to as Tyrian shekels (14 grams of 94% silver) Continue reading

Turkish President Erdogan Vows To Recapture All Lands Once Held By The Ottoman Empire

By Robert Spencer – Re-Blogged From Freedom Outpost

“We say at every opportunity we have that Syria, Iraq and other places in the geography [map] in our hearts are no different from our own homeland. We are struggling so that a foreign flag will not be waved anywhere where adhan [Islamic call to prayer in mosques] is recited.”

Apparently, Erdogan means at the very least the recapture of all the lands once held by the Ottoman Empire.

That’s not just Greece, as in the article title below. That’s also Bulgaria, Romania, Yugoslavia, Algeria, Syria, Iraq, Israel, Egypt, Algeria, Tunisia, Morocco, and more.

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Climate-Related Deaths and Insecurity

By Andy May – Re-Blogged From http://www.WattsUpWithThat.com

In this post we will discuss the assertion that there will be more climate-related deaths due to man-made global warming. This is the fifth post in a series of seven.

There will be more heat-related deaths

The IPCC AR5 report does not have much to say regarding climate-related mortality, they do mention that heat-related deaths will increase in several places, the following is from page 49 of the WG2 technical summary:

“At present the worldwide burden of human ill-health from climate change is relatively small compared with effects of other stressors and is not well quantified. However, there has been increased heat-related mortality and decreased cold-related mortality in some regions as a result of warming (medium confidence).”

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