Showing posts with label Germany. Show all posts
Showing posts with label Germany. Show all posts

Friday, May 24, 2013

Israel low in global popularity ranking

End Of Days News

Israeli flag (Photo: Uri Lenz/ FLASH90)

A poll released Tuesday by the BBC confirms Israel remains one of the world’s least popular countries, with more than half of those surveyed identifying its influence as “mainly negative.” Only North Korea, Pakistan and Iran fared worse.
Fifty-two percent of respondents view Israel in a negative light; 21% rated it in positive terms, placing it far behind China’s 42% and Russia’s 30%

Monday, February 4, 2013

By Printing Money Central Banks Have Already Begun the Next Stage of Warfare

End Of Days News

Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that everyone knows the Fed is “printing money.” However, when you look at the list of bailouts/ money pumps it’s absolutely staggering how much money the Fed has thrown around.



Here’s a recap of some of the larger Fed moves during the Crisis:



  • Cutting interest rates from 5.25-0.25% (Sept ’07-today).
  • The Bear Stearns deal/ taking on $30 billion in junk mortgages (Mar ’08).
  • Opening various lending windows to investment banks (Mar ’08).
  • Hank Paulson spends $400 billion on Fannie/ Freddie (Sept ’08).
  • The Fed takes over insurance company AIG for $85 billion (Sept ’08).
  • The Fed doles out $25 billion for the automakers (Sept ’08)
  • The Fed kicks off the $700 billion TARP program (Oct ’08)
  • The Fed buys commercial paper from non-financial firms (Oct ’08)
  • The Fed offers $540 billion to backstop money market funds (Oct ’08)
  • The Fed agrees to back up to $280 billion of Citigroup’s liabilities (Oct ’08).
  • $40 billion more to AIG (Nov ’08)
  • The Fed backstops $140 billion of Bank of America’s liabilities (Jan ’09)
  • Obama’s $787 Billion Stimulus (Jan ’09)
  • QE 1 buys $1.25 trillion in Treasuries and mortgage debt (March ’09)
  • QE lite buys $200-300 billion of Treasuries and mortgage debt (Aug ’10)
  • QE 2 buys $600 billion in Treasuries (Nov ’10)
  • Operation Twist reshuffles $400 billion of the Fed’s portfolio (Oct ’11)
  • QE 3 buys $40 billion of Mortgage Backed Securities monthly (Sept ‘12)
  • QE 4 buys $45 billion worth of Treasuries monthly (Dec ’12)



The Fed is not the only one. Collectively, the world’s Central Banks have pumped over $10 trillion into the financial system since 2007. This money printing has resulted in a massive expansion of Central Bank balance sheets, spread inflation into the system, and done nothing to address the key solvency issues that lead up to the great crisis.



This competitive debasement has lead to increased tension between the world’s Central Banks. You will never hear their stated outright for the simple reason that the single most important responsibility of the Central Banks is to maintain confidence in the system.



However, underneath the veneer of goodwill and the occasional necessary coordinated intervention, tensions are rising between Central Banks. When the US debases the US Dollar it pushes the Euro higher. This hurts German exports which in turn angers the Bundesbank.



The Bundesbank fired a warning shot at the Fed last autumn when it announced it wanted to have its Gold reserves at the Fed audited. To be clear here: no one of major financial import has ever questioned the Fed’s trustworthiness before. However, at the time of this announcement Germany stated it had no intentions of actually moving its reserves.



Fast-forward to today and Germany has not only audited and checked its Gold reserves at the Fed but it is now moving them. In plain terms, Germany has told the world that A) it does not trust the Fed and B) it is through playing around.



This situation will likely be getting worse going forward. The fact that Germany will be removing all of its Gold reserves from France certainly doesn’t bode well for future German French relations if push ever comes to shove (it’s not as though Europe has a history of getting along well).



Look for increased tension to grow between the world’s Central Banks in the coming months and years. This tension will likely result in:



  1. Economic warfare (see the recent situation in Iran)
  2. Political infighting
  3. Key players being sacrificed



Given that the financial system and economic “recovery” have been built on a house of cards, these political developments will have major impacts on the financial markets.



Outside of internal dissent, the power players in the global economy (the US, China, Japan, and Germany) are showing increasing signs of tension both internal (China and the US) as well as external (China vs. Japan, Germany vs. the US, the US vs. China).



These tensions will lead to economic warfare and very likely physical warfare in the coming years.


Friday, January 18, 2013

Something is getting ready to go down folks!

Reuters / Heinz-Peter Bader
Germany’s central bank is set to reclaim some of its vast gold reserves held in the US and France. The move follows an audit criticizing Bundesbank for mismanagement, stating the funds had never been “verified physically.”
Bundesbank announced plans to withdraw its entire 374-ton store of gold bullion from the Bank of France in Paris, and 300 tons of the 1,500 tons currently held by the New York Federal Reserve.
The German government refrained from commenting on the reports ahead of its presentation of a new plan for the management of its gold reserves on Wednesday. Germany boasts the world’s second-largest bullion reserves at 270,000 gold bars ($177.5 billion), second only to the US.
Germany’s gold stockpile was relocated abroad during the Cold War amid fears of a possible Soviet invasion. There is no reason now to maintain overseas stockpiles, Bundesbank said – from now on, the bank will only keep small amounts of gold abroad for trading purposes.
About 30 percent of Germany’s gold reserves are currently being held in the country at the facilities of Frankfurt-based Bundesbank.
"Now, the political security situation has changed because the East-West conflict is over. Considerations to store the gold as far west and as far from the Iron Curtain as possible had to be reconsidered," Bundesbank board member Carl-Ludwig Thiele told reporters on Wednesday. He added that gold was an important resource “to create confidence in the currency and in the economic power of our country."
The move follows a damning report by the German Court of Auditors criticizing the management of Bundesbank’s foreign bullion stockpiles. Auditors said that the stores “had never been verified physically,” and were not under proper control.
Bundesbank was taken aback by the criticism, stressing there was no need for speculation on Germany’s overseas holdings and that "there is no doubt about the integrity of the foreign storage sites." The central bank is widely regarded as one of the most trustworthy institutions in German society.
Veteran gold dealer Jim Sinclair said that Bundesbank’s strategy marked a change in trends in the global gold market, heralding a move away from paper administration of funds.



Wednesday, January 2, 2013

Wars and Rumors of Wars!

A ship of the Nigerian Navy patrols the sea off the coast of Contonou on Sept. 28, 2011.(AFP/Getty Images)
 

China and Germany Strengthen Cooperation With Nigeria
 
In many ways Nigeria is becoming the new Somalia. Like the Somali al-Shabaab terrorist militia, Nigerian Boko Haram insurgents are unleashing a wave of religiously-motivated violence across the country. Like the Somali pirates in the Gulf of Aden, West African pirates are now terrorizing ships off the coasts of Nigeria and across the Gulf of Guinea.
Although pirates have been attacking ships in the oil-rich Niger Delta since the 1980s, their attacks have increased in frequency and severity in the last three years. According to Foreign Policy magazine, between January and September of 2012, pirates attacked 42 vessels in the Gulf of Guinea—taking 168 crew members hostage. Just last month, a group of Somali pirates operating off the Nigerian coast looted a German oil tanker, taking five Indian sailors hostage.
Analysts are attributing this rise in piracy to the fact that the Nigerian coast is largely unregulated and without an adequate maritime police force. This was not always the case.
After Britain outlawed the slave trade in 1807, the African Oyo Empire began to decline and eventually collapsed. British influence in the Niger region then gradually increased over the course of the 19th century until Nigeria became an official British colony in 1900. Operating from this new colony, the British military was able to end the slave trade in the region and keep the Gulf of Guinea free from pirates. After Nigerian independence in 1960, with Britain’s global power in decline, the United States took on more maritime policing responsibilities.
Although the U.S. Navy is still involved in the Gulf of Guinea, its efforts to keep the waterways safe have proved ineffective. This has prompted other world powers to increase their military presence in the region.
Just last August, the Chinese military had discussions with the Nigerian government to upgrade the Nigerian Navy. During the discussions, Chinese military attaché to Nigeria, Kang Honglin, pointed to the fact that China has already helped Nigeria set up an ammunition assembly line. He then went on to talk about China’s desire to provide the Nigerian Navy with both the training and equipment necessary to secure the Gulf of Guinea.
The German military is also very involved with Nigeria, although Berlin’s focus has been more on combating terrestrial-based Islamic extremist than it has been on combating marine-based pirates. German Chancellor Angela Merkel was in discussion with the Nigerian president last August wherein she offered German military training to Nigerian soldiers combating Boko Haram Islamic insurgents. Such military training would be a big step toward ensuring the safe passage of Nigerian oil supplies to both European and Oriental markets.
Foreign affairs analysts rank Nigeria as one of Africa’s three most geopolitically important nations. As Egypt’s fate determines the stability of Northern Africa and South Africa’s fate determines the stability of sub-Saharan Africa, so Nigeria’s fate determines the stability of the oil-rich nations surrounding the Gulf of Guinea. This fact is not lost on the political leaders of China or Germany—who are taking great pains to develop bilateral relations with Nigeria.
As America grapples with the fiscal cliff and financial decline, China and Germany are increasing their military presence in an African nation vital to global seaborne trade.
Deuteronomy 28 and Isaiah 23 foretell a time when a temporary German-Chinese alliance will ally against the United States in a great, global trade war. For a detailed explanation of this prophecy, read Chapter Seven of editor in chief Gerald Flurry’s booklet Isaiah’s End-Time Vision.