A bird's eye view of the vineyard
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CSTO summit Taking part in the meeting, timed to coincide with the 30th anniversary of the Collective Security Treaty and the 20th anniversary of the organisation, were the heads of Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan. The main focus of the summit was on key issues
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FM Sergey Lavrov?s remarks at the 30th Assembly of the Council on Foreign and Defence Policy Mon May 16, 2022 13:56 | amarynth
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Sitrep Operation Z: Many Rumors and not enough Facts Mon May 16, 2022 12:27 | amarynth
For the Saker Blog by Saker Staff While battles are raging, factual reports are few. This is fog of war and it is better not to report on the minutiae
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Keir Starmer to be Investigated by Police Over ?Beergate? Fri May 06, 2022 17:00 | Will Jones
Keir Starmer faces a police investigation into his lockdown curry, after repeatedly demanding Boris Johnson should quit for breaching rules.
The post Keir Starmer to be Investigated by Police Over ‘Beergate’ appeared first on The Daily Sceptic.
On Energy, the EU Is Stuck Between a Rock and a Hard Place Fri May 06, 2022 15:58 | Noah Carl
To meet its climate goals, the EU needs to make new investments in renewable energy. But to transition away from Russian oil, it needs to upgrade its fossil fuel infrastructure. Either way, energy will cost more.
The post On Energy, the EU Is Stuck Between a Rock and a Hard Place appeared first on The Daily Sceptic.
The Toxic Perfectionism Young People Have Learned From Social Media and Covid Conformity Fri May 06, 2022 13:03 | Tom Shaw
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The post The Toxic Perfectionism Young People Have Learned From Social Media and Covid Conformity appeared first on The Daily Sceptic.
WHO?s Dubious Model that Claims the Real Pandemic Death Toll is 15 Million ? and 5 Million of Them A... Fri May 06, 2022 07:00 | Will Jones
The WHO has claimed that the real pandemic death toll is 15 million and 5 million of them are in India. But it's based on dubious modelling and the Indian Government has strongly disputed the claims.
The post WHO’s Dubious Model that Claims the Real Pandemic Death Toll is 15 Million ? and 5 Million of Them Are in India appeared first on The Daily Sceptic.
News Round-Up Fri May 06, 2022 01:46 | Will Jones
A summary of all the most interesting stories that have appeared about politicians? efforts to control the virus ? and other acts of hubris and folly ? not just in Britain, but around the world.
The post News Round-Up appeared first on The Daily Sceptic.
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Noonan has compounded the problem by issuing a bond for €3.06bn. He has converted private debt to sovereign debt, thus taking it out of the frame for future negotiations. What a disaster and a scam of the highest order. The debt situation has actually been made worse, not better.
We are sinking more and more and it is crystal clear that DISASTER looms. There's a stockmarket bubble forming.
The BIG CRASH is 6 months away, at most!!!
don't forget Tom Parlon.
Over at Constantin Gurdgiev's blog he has analyzed what Noonan's latest deal on promissory notes for 3.1 billion euro has done and shows that it has no advantages and will actually cost more.
He outlines 16 points on it and in point 13 says:
The positive factor of so-called 'more flexible fiscal buffer' is a red herring, in my view. The idea is that we are 'saving' cash allocation of €3.06bn this year, making it 'available' for borrowing in 2013. This is rather stretching the reality - the 'cushion' has been pre-provided to us by the Troika deal and is specific to the Promissory Notes. There is no indication that it can be used for any other purposes. Even if it were to be used for any other purpose, it would be an addition to the bond issued, so our debt will increase by the amount we use from the 'cushion'. Furthermore, the deal runs out in 2013 and thereafter no 'cushion' is available. So on the net, we have just paid 400mln increase in debt, plus 90mln in deficit to buy ourselves an 'insurance' policy that should we need 3bn in 2013, we will be able to ask for it from the kindness of the EU and have it for no longer than a year. That's pretty damn expensive insurance policy.
You can find the full text at the link below.
Meanwhile as one commentator to his blog says about the deal:
Because of the general discontent around the household tax, and their impending ard fheis, Fine Gael had to be seen to produce a result for the people. The ECB refused to play ball so Noonan's very expensive fudge was cooked up.
It is astounding that the government are willing to accrue further debt, many multiples of the revenue they hope to get from the household tax, just to save face.