Discussion in Spain on Leaving the Euro; Euro Exit Manifest

By Mike “Mish” Shedlock

Some common sense discussion is taking place in Spain regarding the necessity of Spain exiting the eurozone.

For example, please consider Opposition to the euro breaks: first manifesto to leave the single currency as translated from El Economista.

The political opposition that Spain remains part of the euro begins to crystallize. And the tool to achieve that end-Spain output of the single currency is again signing a manifest public that, for the moment, [...]

UN GOES FOR GUNS: U.N. passes sweeping international arms regulation viewed by some as Second Amendment override

The United Nations General Assembly on Tuesday signed off on a sweeping, first-of-its-kind treaty to regulate the international arms trade, brushing aside worries from U.S. gun rights advocates that the pact could lead to a national firearms registry and disrupt the American gun market.

The long-debated U.N. Arms Trade Treaty (ATT) requires countries to regulate and control the export of weaponry such as battle tanks, combat vehicles and aircraft and attack helicopters, as [...]

Dems Ask for Delay to Med Device Tax They Voted For

Medical Device Tax is just one of 20 Obamacare Taxes.

In a letter to Majority Leader Harry Reid, 18 Democrat senators and senators-elect have asked for “a delay in the implementation” of the Obamacare medical device tax.  Like most of the significant tax increases in Obamacare, the medical device tax is scheduled to take effect on Jan. 1, 2013, conveniently after the 2012 presidential election.

Each of the 18 Democrat signatories voted for or [...]

More than 350,000 Americans have signed a petition to withdraw their states from the U.S.

More than 350,000 Americans have signed a petition to withdraw their states from the U.S.

Residents of more than half of U.S. states, namely, 350,000 people declared their unwillingness to live in the country under the leadership of past winner in the presidential election of Barack Obama. They all signed the petition to withdraw their states from the U.S. on the official White House Web site.

Residents of 29 U.S. states, in [...]

EU Wants to Sneak in a Mini-ACTA by the Backdoor

Even after ACTA was rejected by the European Parliament on 4 July this year, the European Commission was still refusing to admit that the treaty was misguided and dangerous. To this day, it’s not clear what it is planning in terms of trying to bring it back in another form, or by negotiating some kind of ACTA Lite with the other signatories.

But one thing is certain: ACTA is only one of the many ways in which the Commission [...]

HOW DOES EU LATEST PLAN ACTUALLY HELP THINGS RIGHT NOW?

The statement says they will create an overseeing authority by the end of the year to allow EFSF and ESM funds to recapitalize banks of countries that agree to demands, and are well behaved.

“EU: will present report in October 2012″

“EU: will have direct recap of banks possibility”

*EURO LEADERS RENOUNCE SENIORITY ON SPAIN LOANS -Bloomberg

HOW IN THE FUCK DOES THIS ACTUALLY HELP THINGS RIGHT NOW?????!!!??!!?!?

The market jumps over 1% on this? [...]

A secret international treaty has even liberals calling for Obama’s impeachment

From Washington’s Blog:

Treaty Threatens Global Government … Run by Giant Corporations

The normally-reserved Yves Smith asks whether Obama should be impeached over it.

Democratic Senator Wyden – the head of the committee which is supposed to oversee it – is so furious about the lack of access that he has introduced legislation to force disclosure.

Republican House Oversight Committee Chairman Darrell Issa is so upset by it that he has leaked a document [...]

Going Dutch: The Netherlands to abandon the euro? leaving the Euro was now a possibility for the Netherlands.

The Dutch government has collapsed after failing to win coalition support for its austerity plans. Elections are set to be held in September and analysts say one of the EU’s strongest economies may bring the unified currency’s demise

Prime Minister Mark Rutte, a strong advocate of the Euro, has been trying to get the Parliament to adopt 14-16 billion euros worth of austerity cuts. The deficit slashing is aimed at getting [...]

End ‘destructive’ war on pot, panel urges Canadian PM – News

 

The Global Commission on Drug Policy says it’s “very weird” that Canada is taking a tougher line on marijuana when governments across the globe are reconsidering the war on drugs.

In an open letter Wednesday to Prime Minister Stephen Harper, the Brazil-based commission calls on Canada to stop pursuing the “destructive, expensive and ineffective” prohibition of pot.

Louise Arbour, a former Supreme Court of Canada judge, former Brazilian president Fernando Cardoso, former [...]

RECALL ALERT: Judge denies Gov. Walker time to verify signatures (Action Alert!)

Dear Loyal Supporters of Gov. Scott Walker,
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You are not going to believe this one!
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A Democratic appointed judge that was supported by AFL-CIO South Federation of Labor and the Madison Teachers Union has denied Gov. Scott Walker the time to verify the recall petitions submitted by the unions and liberal left that are trying to oust him. He essentially ruled that the Recall was inevitable and that we should not waste time actually [...]

Startling the Global Community, Canada Withdraws from the Kyoto Convention

by John C.K. Daly of OilPrice.com

Startling the Global Community, Canada Withdraws from the Kyoto Convention

Canada has announced its intention to withdraw from the Kyoto treaty on greenhouse gas emissions (GGE), sandbagging the other signatories to the convention. The Kyoto protocol, initially adopted in Kyoto, Japan in 1997, was designed to combat global warming with the agreement allowing countries like China and India take voluntary, but non-binding steps to reduce their greenhouse [...]

Employees of luxury goods manufacturer Gucci were subject to “torture”, being made to stand for 14 hours a day, pay for goods stolen by customers and being forced to ask for toilet breaks.

In an open letter, workers at the Gucci outlet said the cruel behaviour extended to pregnant employees not being allowed food or water during their shifts Photo: Reuters

Allegations of the demeaning treatment at a Gucci outlet in Shenzhen have led to two managers being replaced.

In an open letter, workers at the Gucci outlet said the cruel behaviour extended to pregnant employees not being [...]

Rich offer to pay more tax to ease EU debt

http://www.theage.com.au/world/rich-offer-to-pay-more-tax-to-ease-eu-debt-20110824-1ja9l.html

Rich offer to pay more tax to ease EU debt
Henry Samuel
The Age
August 25, 2011

PARIS: A group of France’s wealthiest people, including the L’Oreal heiress Liliane Bettencourt, have signed a petition to pay more tax.

Published on the website of the magazine Le Nouvel Observateur on Tuesday by 16 executives, business leaders and ”wealthy citizens”, it called for the creation of a ”special contribution” from the country’s biggest [...]

There’s plenty to investigate “PICK-A-CARD”, any card! 49 House members demand probe of Kagan involvement in ObamaCare

Did Elena Kagan mislead the Senate Judiciary Committee during her confirmation hearing when answering questions about her level of involvement in ObamaCare?  Forty-nine House members have signed a letter to the House Judiciary Committee demanding an investigation of that question, as new documents suggest that the now-Supreme Court Justice helped the Obama administration craft legal defenses for the law.  The signatories argue that this [...]

Twenty-seven Senators sign bipartisan letter calling on Obama to speed up Afghan withdrawal

Ever since the killing of Osama Bin Laden, it has seemed inevitable that his death would provide the hook for a major change of course in Afghanistan, and now Dems are about to escalate the pressure on the White House to hurry up and get our combat troops out of the country.

I’m told that twenty seven Senators — including Dem leaders, moderates, and even two Republicans [...]

Long US gold & silver coins or, you are absolutely fuked

by slewie the pi-rat

IF you actually possess US gold and silver coins and FRN’s and some relevant supplies and toys, and are out of debt, you are sitting in the freaking cat bird seat par excellence.  you may experience a mark-to-market  “loss” but since you do NOT mark-to-market for any reason, wtf, who cares?  you are holding your wealth in ounces;  you do not have Uncle Sugar for [...]

Canada has sold its entire holding of 1023 tonnes, making it the only G7 nation that has no gold backing for its currency.

By: Nick Barisheff

On March 8, 2004 European central banks announced reaching a “collegial commitment” to renew the Washington Agreement of 1999, which was to expire in September, 2004. Under the terms of the commitment, participating central banks have agreed to raise their self-imposed limit on gold sales from the current maximum of 400 tonnes per annum to a new maximum of 500 tonnes per annum for the next five [...]

Open Letter to Ben Bernanke Slamming QE2

By WSJ Staff

The following is the text of an open letter to Federal Reserve Chairman Ben Bernanke signed by several economists, along with investors and political strategists, most of them close to Republicans:

We believe the Federal Reserve’s large-scale asset purchase plan (so-called “quantitative easing”) should be reconsidered and discontinued. We do not believe such a plan is necessary or advisable under current circumstances. The planned asset purchases risk [...]

Owning my own business…I have come up with the EARLY warning signs a business is in trouble.

xxxxxxxxxxx The Warning Signs xxxxxxxxxxxx

• A new signatory – especially if new signatory not
known
• Cannot meet 30 day invoices after 50 days: after 60
days you have a bad debt
• A change in order patterns
• A change of banker
• Signatories away for longer than 2 weeks
• A change of director/secretary
• Customers product constantly changing – out of
normal goods/services supplied
• A change in payment pattern
• Customers premises in disarray – stock levels [...]