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50.7%: Capriles demands recount; 300,000 voter ‘incidents’ in Venezuela

Defeated Venezuelan presidential candidate Henrique Capriles has demanded a recount of votes, rejecting the election of Hugo Chavez’s successor as “illegitimate”.

Mr Capriles, who lost by a very narrow margin, said there were more than 300,000 incidents from Sunday’s poll that needed to be examined.

Socialist Nicolas Maduro has called for the results to be respected.

The election was called after Mr Chavez’s death from cancer on 5 March.

Mr Maduro, a former [...]

French Senate passes gay marriage bill; Socialist-led measure on track to become law by summer

The French Senate has voted to legalize same-sex marriage in France, putting a landmark bill on track to become law by summer.

The vote in the upper house of parliament — led by President Francois Hollande’s Socialists — comes despite boisterous protests. Opponents — mostly conservatives and fervent Roman Catholics — have sought to defend traditional marriage.

Both houses of parliament will now take up a second reading to consider minor Senate [...]

All Wars Are Bankers War! How About Just Let Them Go Bankrupt? ECB to Cyprus: ‘Agree A Deal By Monday or We’ll Collapse Your Banking Sector’… Is Cyprus Europe’s Bear Stearns? It’s Time to Collapse the System? Bernanke: “We Have No Idea How Much Money We’re Giving The Banks”

It’s Time to Collapse the System…If you don’t collapse the system, the system will collapse you….(Must Read!!)

First they came for the communists,
and I didn’t speak out because I wasn’t a communist.
Then they came for the socialists,
and I didn’t speak out because I wasn’t a socialist.
Then they came for the trade unionists,
and I didn’t speak out because I wasn’t a trade unionist.
Then they came for me,
and there was no one left [...]

Italy has killed the EURO: you read it here first

The final conclusion of the italy vote is, that the people voted against austerity and against what they see as the dictatorship of the markets.

That are the repercussions:

1) The way out of the debt problem, was invented in Brussels, with the northern states and with the banks.

It says, that the way out of the crisis is to reduce the level of state spending to the level of incoming tax money + 3% more [...]

Obama Admits On Camera: ‘I Am A Big Spending Socialist…’

Caught on tape. Dear Leader in his own words.

Socialist France moves to ban homework

French children rejoice as president vows to ban homework

http://now.msn.com/french-president-moves-to-ban-homework

Ah, France. In the country where ‘mom’ and ‘dad’ are now banned from official documents and millionaires cower in their fancy yachts, les enfants will soon be free from the tyranny of homework, if French President Francois Hollande has his way. Hollande thinks that “work should be done at school, rather than at home” and that kids whose parents don’t help them with their homework are [...]

French President Francois Hollande has made good on a campaign pledge to make the wealthiest in France pay up to 75 percent income tax.

PARIS — In Washington, Republicans are bashing President Obama for inflicting “European-style socialism” on the United States.

Here in Paris, a genuine socialist took the presidential oath in May, and he has wasted no time implementing policies designed to make the rich pay more.

French President Francois Hollande has made good on a campaign pledge to make the wealthiest in France pay up to 75 percent income tax. The U.S. Congress, meanwhile, is [...]

Obama: “If you’ve got a business — you didn’t build that. Somebody else made that happen.”

Excerpt from the socialist-in-chief speech yesterday in Virginia:

“If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.”

(Excerpt) Read more at whitehouse.gov …

A country has no future: Greeks queue for food handouts

Via presstv.ir

Thousands of starving Greeks have queued for free food handouts as the country continues to grapple with a falling economy.

This comes as the recession-bound country is hit hard by rising unemployment and crippling austerity measures.

Native Greeks, immigrants, the elderly and children stood in a queue on Wednesday to receive vegetable handout from a coalition of farmers in Athens.

“We won’t solve any feeding problems, but we’re starting to show solidarity, a [...]

Greek election: Who’s party is for the exit of euro and who’s party is against

New Democracy:

Keep bailout but more time for restructuring and EU help to stimulate growth

Socialist(Pasok)

Keep bailout but subject it to a “structured and courageous revision”; implement fiscal adjustment over three years, not two

Syriza

Cancel bailout, nationalise banks and freeze privatisations, but stay inside eurozone

Independent Greeks

Reject bailout but remain in eurozone

Democratic Left

Gradually disengage from bailout but stay in eurozone

Communist (KKE)

Unilaterally cancel debt, leave the EU and restore Greece’s own currency

Golden Dawn

Tear up the [...]

Farage On The Spanish Bailout: “A Reinforcement Of Failure”

While the short-term benefits can be weighed against any long-term solution a number of ways, Nigel Farage provides not just the most colorful summation of situation but also the most succinct when he refers to the ‘madness’ of ‘intervention to keep the Euro alive’ as “reinforcement of failure”. The better, and braver, in his opinion, thing to do, is to recognize that those Mediterranean countries should never have joined the Euro [...]

TRADER ALERT! Spain, Euro’s 4th Biggest Economy in ‘Total Emergency’, Admits It Needs European Bailout. – Puts Out SOS!! Germany Ignores!! June 7 may be the D-Day for Europe!

Its 2012.. Everything is about to hit the fan.. I mean everything.

via telegraph:

Spain is in ‘total emergency’, the EU in total denial.

After a Spanish exit from the euro, there would be nothing left to exit from.

I’ve never actually heard the term “total emergency” before, at least not in the context of global economics. It sounds like the title of a disaster movie. When it is uttered in sober tones by [...]

Greeks SHOCKED They Have Run Out Of Other People’s Money (OPM) To Spend!

Pharmacies in Greece were on strike earlier this week in protest at the government not paying them for medicines that should be free to customers.

Many pharmacies now have huge debts to pharmaceutical companies for drugs they have handed out free of charge.

Sky News spoke to one pharmacist who has not been paid by the state for over a year. Evaggelina Rousi, who runs a chemist in Athens, said: “The government [...]

Government gifts boost Bain, buyout firms

USA Today
May 29, 2012

In the binary world of politics, President Obama’s new ad attacking Mitt Romney’s record at Bain Capital is one of two things: a spot-on depiction of how the greedy enrich themselves by ruining people’s lives, or a shameless indictment of free enterprise that confirms Obama’s socialist leanings.

[...]

Forgive us for being unimpressed with the furor over the ad. It would be far better to have an honest debate [...]

Breaking: Mass protests held in Morocco: Tens of thousands take to the streets in Morocco’s largest city, Casablanca.

BBC News

Tens of thousands of anti-government protesters took to the streets in Morocco’s largest city, Casablanca.

The rally, organised by trade unions, was believed to be the biggest since a new government took office in January.

Those taking part accused Prime Minister Benkirane of failing to deliver promised reforms.

Morocco’s King Mohammed VI managed to hold off Arab Spring protests last year by curbing his powers and pledging a raft of reforms.

In [...]

I Just Got Back From the EU… and It’s Worse Than You Imagined

by Phoenix Capital Research

I just got off the plane from Europe. I went there because I wanted to see the effects of the French election as well as get an “on the ground” perspective of what’s really happening in Europe.

I can tell you, the situation in Europe is far FAR worse than the media is even willing to acknowledge.

See below:

The above image was taken at 9PM on Paris’ Avenue de Champs-Élysées [...]

CDS Rerack: Whooosh

Ze CDS sovereign rerack… It’s baaaaaaack. And it’s not happy.

             5Y                         10Y                5/10′s
ITALY            480/488 +26             457/477            -24/-14
BROKE       531/539 +17.5          487.5/507.5       -45/-30
PORT            31.75/33.25 +0.25     36.25/38.75       4/6
IRE               612/627 +19            534.5/604.5        -90/-10
GREECE        #Ref!
BELG            253/261 +16        257/277              5/15
SOCIALIST    214/218 +9             241/249             25/29
AUSTRIA       184/190 +10          204.5/214.5      20/25
UK                69.5/72.5 +2.5         90/96               20/24
ANGELA        90.5/93.5 +4          [...]

Bloomberg: Syriza Says It Won’t Join Greek National Unity Government

From Bloomberg:

Greece’s biggest anti-bailout party, Syriza, said for the second time in as many days that it won’t join a unity government, pushing the country closer to new elections that have sparked concerns about a euro-area exit.

“Syriza won’t betray the Greek people,” Syriza’s Alexis Tsipras said in statements televised on state-run NET TV after a meeting brokered by President Karolos Papoulias between the party and the leaders of the New [...]

BEACH BOYS SINGER: ‘Obama’s a Socialist A**hole’.

Americans will be “f**ked” if Barack Obama gets re-elected … this according to Beach Boys singer Bruce Johnston.

Bruce was signing autographs for fans in New York yesterday when the conversation turned political.

“Obama’s an a**hole, “Johnston says … adding, “Unless you’re interested in never having any money and being socialized.”

But Johnston was an equal opportunity disser — saying, “And who’s the Republican a**hole?”

“Our guy isn’t any good.”

He continued, “You got Reagan and Tip O’Neill … those [...]

New French President-elect refusing to wed his ‘First Partner’

He swapped her for a younger woman.

Then she tried to stop him becoming president of France.

But Francois Hollande is on course to make former partner Segolene Royal the most powerful female politician in the country, despite the bitterness of their separation after 30 years and four children together.

President-elect Mr Hollande and fellow Socialist Miss Royal still have their personal differences and she does not get on with his current partner [...]

Gold & Silver Bottoming As Euro Troubles Reemerge – James Turk

kingworldnews

With investors around the world are wondering what to expect after key European elections, today King World News interviewed James Turk out of Europe. Turk told KWN that gold and silver are bottoming, but first, here is what Turk said investors should expect after Europe’s elections: “The incumbents were routed in some important elections over the weekend here in Europe, Eric. The two parties in Greece that supported the EU bailout and [...]

FRANCE TURNS LEFT

French socialist Francois Hollande has won a clear victory in the country’s presidential election.

Mr Hollande – who polled just under 52% of votes in Sunday’s run-off – spoke of his pride at becoming president.

Admitting defeat, centre-right incumbent Nicolas Sarkozy wished “good luck” to Mr Hollande.

Analysts say the vote has wide implications for the whole eurozone. Mr Hollande has vowed to rework a deal on government debt in member countries.

Shortly [...]

Exit polls show Sarkozy has lost in France; Greek voters also turn on leaders

http://www.miamiherald.com/2012/05/06/2786366/exit-polls-show-sarkozy-has-lost.html

“French Socialist Francois Hollande appeared headed to victory over President Nicolas Sarkozy, according to exit polls of voters released by Swiss and Belgian news media.

Those polls showed Hollande with 52 to 53 percent of the vote in an election that turned on solutions for Europe’s economic crisis amid record unemployment in France.

French voters were still headed to cast their ballots when the exit polls were released in the early evening [...]

“SOMETHING” is too big to bail!

by David Pierre

Too big to fail, everyone has heard this one just like too big to bail. Spain, during this year, 2012, will need to be bailed out. In effect they already are being bailed out by the LTRO and the 3+ Trillion $ ECB balance sheet. But can they really be bailed out?

Yes … maybe no.

Spain is a walking financial zombie and the 12th largest economy in the world. Their [...]

Stephen Leeb: We Will See Unbelievable Chaos Going Forward

kingworldnews

On the heels of unemployment reports being released today in Europe and the US, King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management. Leeb told KWN he expects to see a tremendous amount of chaos going forward, and it will mean the end of the euro. Leeb also discussed gold and silver, but first, here is what Leeb had to say [...]

Hollande warns of wave of layoffs in France after presidential vote

(Reuters) – France’s Socialist presidential frontrunner Francois Hollande said on Saturday he was expecting a wave of layoffs to follow next weekend’s election, but pledged his government would not stand idly by as companies dismissed workers.

Hollande, 57, is on track to win the May 6 runoff against President Nicolas Sarkozy, due largely to the conservative leader’s failure to keep his promise to cut stubbornly high unemployment in the euro zone’s [...]

Unmarried mother-of-three set to become France’s new first lady delivers veiled attack on Carla Bruni as she pledges to remain in the shadows

Valerie Trierweiler suggests she will be a modest first lady but admits she claps Francois Hollande ’like a footballers’ wife’
Latest polls put Hollande ten points ahead of Nicolas Sarkozy
France’s most popular singer withdraws his support for current president

Valerie Trierweiler, 47, is the partner of Francois Hollande, the Socialist who is runaway favourite to replace Nicolas Sarkozy as President in less than two weeks’ time.

If Hollande does win – and the latest polls put him [...]

Le Pen shocks France as far right hits historic heights

By Sarah LEDUC (text)

Having secured nearly one in five votes cast in the first round of France’s presidential election on Sunday, far right National Front candidate Marine Le Pen has the potential to swing what is likely to be a close second round on May 6.

But for the moment, Marine Le Pen is not asking her supporters to choose between incumbent centre-right President Nicolas Sarkozy or Socialist challenger François Hollande. Instead, she [...]

REPORT: SOCIALIST HOLLANDE BEATS SARKOZY IN ROUND 1 – Hollande taking 28 to 29 per cent of the vote and Sarkozy 25 to 26

Socialist Francois Hollande has beaten right-wing incumbent Nicolas Sarkozy in France’s first round presidential race, according to estimates from several polling institutes received by Agence France Presse.

Both candidates qualified for the second round on May 6, with Hollande taking 28 to 29 per cent of the vote and Sarkozy 25 to 26, according to unofficial estimates from multiple sources.

http://news.ninemsn.com.au/world/8455583/hollande-beats-sarkozy-in-1st-round-media

Remember: The real European collapse will occur when the political landscape changes in Europe