According to the financial press, the European Union loans to Mediterranean countries has soared to over a trillion euros. We can safely say that we are in 'toxic' territory. Apart from Greece, Spain, Portugal and Italy, we need to add Ireland. None of these nations has a cat in hell's chance of repaying their debts; so what happens to this 'black hole'?
It is reported that Britain is holding a high proportion of the debt. Perhaps it is time that taxpayer GB is informed of the collateral, by way of water tight guarantees, which will ensure repayment over a given period of time. Otherwise, how can the nations underwriting these debts possibly make any plans for the future.
The outcome will naturally be much different, as the loans in many cases are probably only promises. This doesn't appear to stop the ongoing process of even more borrowing, with little or no hope of repayment, ever.
SUCH 'BLACK HOLES' TEND NOT TO GO AWAY.
Tuesday, 29 October 2013
Monday, 28 October 2013
SOMEONE'S ROCKING MY DREAMBOAT, SOMEONE'S BEEN TAPPING MY PHONE.
As Europe, and Germany in particular, react in a kind of 'stamping foot' protest at the very thought of international security services checking on each others phone calls, the question is; is this a new phenomenon?
The twenty first century, one suspects, will change the world dramatically. No matter how distasteful these hacking activities seem, they are probably here to stay. To the experts it is an every day occurrence, I'm sure. The nightmare scenario is that systems are updated rapidly, both in security and hacking, in an endeavour to cancel the other out; making us much too clever for our own good. The author hopes, that in posting these blogs, more people will read them. Overall, the most hits come from the USA, they could well be the same people all the time, possibly the CIA. However, occasionally, a spike will show in Indonesia for no apparent reason. The difference here, of course, between politicians' phones and this blog, is that a greater world coverage is the aim of the latter.
On the other hand, the furore could be a political stunt to mislead others, drawing them in to lower their guard. Angela Merkel could, or even may be, only discussing false information; who knows!
MEANWHILE, I'LL STICK WITH MOSSAD.
The twenty first century, one suspects, will change the world dramatically. No matter how distasteful these hacking activities seem, they are probably here to stay. To the experts it is an every day occurrence, I'm sure. The nightmare scenario is that systems are updated rapidly, both in security and hacking, in an endeavour to cancel the other out; making us much too clever for our own good. The author hopes, that in posting these blogs, more people will read them. Overall, the most hits come from the USA, they could well be the same people all the time, possibly the CIA. However, occasionally, a spike will show in Indonesia for no apparent reason. The difference here, of course, between politicians' phones and this blog, is that a greater world coverage is the aim of the latter.
On the other hand, the furore could be a political stunt to mislead others, drawing them in to lower their guard. Angela Merkel could, or even may be, only discussing false information; who knows!
MEANWHILE, I'LL STICK WITH MOSSAD.
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