Cannes 2012: 'The Anti-Semite' Is Banned From Cannes Marketplace

Early Friday, marketplace organizers cancelled screenings of "The Anti-Semite," which reportedly includes scenes in which Dieudonne dresses as a Nazi, and others that mock the Auschwitz concentration camp. Holocaust denier Robert Faurisson also reportedly appears in the film as himself.

"Anti-Semitism has no place at Cannes, and we welcome the clear statement to that effect from the organizers of the film festival," said Abraham H. Foxman

The Bankia group, a Spanish lender nationalized earlier this month, will seek 19-billion euros (US$23.8-billion) of government funds as it provisions against real estate and non-property loans.

The group will ask the state’s bank rescue fund to provide the money by buying shares in its parent company, Banco Financiero y de Ahorros, it said in a filing to regulators yesterday after a meeting of the board of Bankia SA, its listed arm. The group needs a further 4 billion euros to cover real estate on top of provisions already ordered by the government, and 5.5-billion euros for the rest of its loan book, it said.

While European leaders and pundits debate Greece's fate in or out of the single currency, a sombre mood blankets the debt-strapped country as it continues to be pounded by its unprecedented financial woes.

The harsh austerity measures that are being implemented in exchange for international loans are driving more and more ordinary Greeks towards the edge of depression and suicide.

Yesterday, a 60-year old unemployed musician thrust his 90-year old mother off their rooftop in central Athens before jumping to his death himself, witness said. A neighbour told Greek television that the pair had financial problems and were living off the mother's pension.

A 60-year-old man and his 90-year-old mother jumped off the roof of their apartment block in Vathy Square, near central Athens, early on Thursday in a double suicide that appeared to have been prompted by financial woes.

Keelan Balderson, Contributor
Activist Post

The EU bureaucrats have declared that Greece should remain within the Eurozone in order to respect its commitments to the corrupt financial system that has decimated the country and the rest of the world.

Herman Van Rompuy, the unelected President of the European Council following a recent summit in Brussels, suggested that Greece no longer has the right to self-determination and is beholden to the superstate dream...

Anthony Gucciardi
Activist Post

Just after France legislators and officials moved to ban Monsanto’s genetically modified strain of GMO maize over environmental and health concerns, the European Union has decided to step in and re-secure Monsanto’s presence in the country — against the very will of the nation itself.

This should come as no surprise when considering the fact that the United States ambassador to France, a business partner to George W. Bush, stated back in 2007 that nations who did not accept Monsanto’s GMO crops will be ‘penalized’. In fact, ambassador Craig Stapleton went as far as to say that the nations should be threatened with military-style trade wars...

The following video contains disturbing images compiled from the streets of Greece as protests, riots, and police response have converged amid austerity brought about by international banksters.

This is a familiar scenario the world over as divide-and-conquer techniques pit police against the very people it is in their best interest to protect ... while the engineers of the collapse sit back and watch from afar. These images have continued to multiply throughout other collapsed economies, past and present, where the First World quickly can become the Third.

Greece will leave the single currency eurozone on January 1, 2013, a senior economist at the world's second-largest currency trading bank has claimed.

Citigroup's Michael Saunders said Greece's new currency would fall in value immediately by 60 per cent - and unleash a massive, yet manageable, wave of contagion across Europe.

In a note to clients, he said the likelihood of Greece leaving the euro in the next 12 to 24 months was now between 50 to 75 per cent - and assumed there would be a 'Grexit' at the start of next year.

Jacomb, former chairman of Canary Wharf Group, argues that a “five day bank holiday” should be imposed to allow financial markets to absorb the shock of the collapse of the euro.

A newly released scientific study calculates a 'severe nuclear meltdown' resulting in worldwide nuclear fallout, similar to Chernobyl and Fukushima, is likely to occur once every 10 to 20 years.

The study was not based not on theoretical models predicting future performance such as the ones used to grant nuclear reactor operator licenses, but instead focuses on actual past operating performance at nuclear reactors.

The study also calculated the resulting nuclear fallout from such a nuclear meltdown and found that in such events only a small portion of the radioactive fallout falls near the event site itself with 75% of the radioactive contamination spreading beyond 1000 kilometers from the plant.

RON PAUL'S THE REAL DEAL — JON STEWART

Another term for preventive war is aggressive war – starting wars because someday somebody might do something to us. That is not part of the American tradition.

Ron Paul's Electability

Ron Paul - Suddenly Seems Electable - Family Friendly Version

Greece's struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT.

This follow reports of a ‘run’ developing on Greek banks last week, which were emphatically denied by the Greek PM’s office.

Nato summit leaders should have been forced to watch the moving protest of the former troops chucking their medals away.

It was one of the most moving experiences many of us had witnessed in our lives. It is hard to describe in words. I couldn't get the lump out of my throat. Out of the corner of my eye, I caught a woman next to me crying. Their words, their voices, crackling under the emotion of their courageous act, breaking under the weight of the pain, the trauma, their anger, sadness, and hope – theirs was a heroic and beautiful act, a moving ceremony. It was a privilege to be there with these women and men who served in our wars.

Operation Iraqi Freedom medal. Tossed. Global War on Terror medal. Thrown. National Defense medal. Pitched. Marine Corps Good Conduct medal. Flung. Navy and Marine Corps medal. Chucked.

Germany's relentless push for Eurozone-wide austerity is driving the global economy towards catastrophe. So says the British Shadow Chancellor or opposition finance spokesman Ed Balls, who argues that someone's got to persuade Berlin to change course. To discuss this in more detail, RT talks to James Meadway, senior economist at the New Economics Foundation think-tank in London.

The Ben-Ami – Kristol debate, coming on the heels of a similar debate held two weeks ago between controversial author Peter Beinart and the conservative Shalem Center’s Daniel Gordis at Columbia University, appears to signal an attempt by the Jewish community – at least in New York – to create an ongoing dialogue between its warring “factions” and to arrest the polarization of the community.

“I am happy to agree with Obama to a considerable degree,” said Kristol, one of America’s most well-known conservative commentators. He added that he does not expect Israel to be “that great an issue” in the upcoming November elections.

Nonetheless, Kristol elicited howls of protest from the audience when he predicted that the next U.S. secretary of state in a “Romney administration” would be former Democratic vice presidential nominee Senator Joe Lieberman. Ben-Ami wryly noted, “Israel already has a Lieberman as foreign minister.”

On Meet The Press this morning MSNBC Mad Money host Jim Cramer warns there will be financial anarchy and bank runs in both Spain and Italy within weeks.

French banks may have to be nationalized as France’s mortgage sector has just dropped straight off a cliff and the banks are on the hook to cover the crash.

A specter haunts Europe. No, it's not communism; it's US rating agencies. Greece is bankrupt; the eurozone is about to crack; JP Morgan makes billion-dollar "mistakes"; there's no (jobs) future for the new generations. And yet the weaponized arm of the Western 0.1% elites occupies Chicago - turned into an Orwellian police city-state - to discuss "smart defense".

In Afghanistan, the "smart" North Atlantic Treaty Organization (NATO) is in fact bound for a humiliating escape. "Smart defense"

is code for "there's no money". Only five among 28 NATO member states spend 2% of their gross domestic product on the military - as NATO would have it.

Our biggest problem now is you and we hired you to fix things.

There is a reason for you to listen.I suspect, if you are well informed, something I am not that sure of, that you get some of what I get. More likely, I think you are lied to continually and know it very well.

We need to jail a lot of people.

You have to go on TV and tell the truth, trust the American people, even those you consider “aligned with others” and tell the truth. It is all we have and the truth can be a powerful thing.

Is the American-Jewish romance with Israel coming to an end?

Are the American Jews known for their liberal views distancing themselves from Israel?

Or is it simply an overstatement?

Do they support the current Israeli policies?

Does the Israeli lobby represent their views?

And do they have a strong connection to the Holy Land?

Cross Talk with Norman Finkelstein, Daniel Pollak and Mouin Rabbani.

May 16, 2012 – Video By RT

The House bill basically provides Israel with a blank check drawn on the U.S. taxpayer to maintain its “qualitative military edge” over all of its neighbors combined. t requires the White House to prepare an annual report on how that superiority is being maintained. The resolution passed on May 9 by a vote of 411–2 on a “suspension of the rules,” which is intended for non-controversial legislation requiring little debate and a quick vote.

The Finance Ministry is urgently looking into alternative scenarios of how to maintain its weak cash reserves if the revenue inflows outlook deteriorates.

The only apparently safe option is to cut or suspend certain expenses. The total in June is projected at 5 billion euros, of which 4 billion is expected to flow in from the International Monetary Fund and the European Financial Stability Facility (EFSF).

Living in America is becoming very difficult for anyone with a moral conscience, a sense of justice, or a lick of intelligence.–Paul Craig Roberts

“The new tyranny is arising in the West, not in Russia and China. The danger to humanity is in the nuclear button briefcase in the Oval Office and in the brainwashed and militant American (sic) population, the most totally disinformed and ignorant people on earth.”

It’s well-worth following what Roberts has to say. He’s one of the most informed thinkers and writers in America.

Britain's economy may suffer “permanent” damage and “never quite get back up” if the euro collapses in a chaotic way, the Government’s chief economic forecaster has said.

Robert Chote, the head of the Office of Budget Responsibility, issued the warning amid fears of financial shockwaves across Europe if Greece crashes out of the single currency.

The senior Government economist, who has access to the most up-to-date Treasury data, said this could cause a recession as bad as the last one and “lingering, long-lasting effects” for Britain’s public finances.

He said it could “permanently hamper the economy” in the worst case scenario, raising the prospect that Britain may never again see the same high growth it has had in recent decades.

Ron Paul 2012 Campaign

Jesse Benton, Chief Strategist:Dr. Paul is NOT dropping out or suspending his campaign.

Ron Paul is the Only Candidate Who Matters in this Election

Please watch this video and pass it along!

There is no such thing as neutrality in a military-enforced occupation.

Each year, the western media continues to follow the Israeli narrative slavishly, pushing May 15 as Israel’s Independence Day, an act of “collective amnesia” that ignores the Palestinian commemoration of May 15 as Al-Nakba, the day Palestinians remember the forced expulsion or deaths in 1948, of almost 70% of the Palestinian population living then in what has become the state of Israel.

Meanwhile, Neve Gordon refuses to stand down. He continues to register his witness on the importance of the Nakba, fully aware of how long it took for the Nakba to penetrate the collective consciousness of the Israeli peace community.

As the run on the banks spread in Europe, with 30% of customers pulling cash out of UK branches of Spain's Santander bank, the Euro spikes on absolutely no news.

7.58pm: This is turning into something of a farce.

According to reports from Athens, the Greek government is now rejecting Berlin's denial, insisting that Merkel did suggest running a referendum alongside the June 17 vote.....

7.21pm BST: The German government has now denied that Angela Merkel suggested that Greece should hold a referendum.

Since 2008 the vast majority of the Western population dream about saying "no" to the banks, but no one has dared to do so. No one except the Icelanders, who have carried out a peaceful revolution that has managed not only to overthrow a government and draft a new constitution, but also seeks to jail those responsible for the country's economic debacle.

Greece's government spokesman says German Chancellor Angela Merkel has floated the idea that the country hold a referendum on the euro alongside national elections next month.

A sombre protest to mark the supposed death of Spanish public health and education. Just the latest in a long series of demonstrations against the austerity program of the government of Mariano Rajoy.

Spain, Europe's fifth-largest economy, has had doubts cast on the strength of its banking sector thanks largely to the country's property crash.

Its banks have lent billions of euros they might never get back and this has made investors very nervous.

On 18 May, credit ratings agency Moody's cut its ratings for 16 Spanish banks, reflecting the heightened risk of them suffering huge losses if property loans are not repaid.

The Spanish government has had to part-nationalise one of its banks and may have to bail out more.

In this powerful documentary you will learn how governments have historically deprived people of firearms … and then wiped them from the face of the earth.

What exactly is the “New World Order”?

by Kevin Barrett

There is talk in conspiracy circles about a bankster plot to reduce the world to slavery.

Unfortunately, the conspiracy theorists are right. John Perkins, in Confessions of an Economic Hit Man and subsequent books, offers convincing first-hand testimony of his exploits in service to the New World Order bankster conspiracy.

Listen to Economic Hotman, John Perkins

The most important thing we can do as we hover on the horizon of One State is to shed the old language rapidly. None of it was real anyway – it was just the parlance of that particular “game.” Grow a new vocabulary of possibilities – the new state will be the dawn of humanity’s great reconciliation. Muslims, Christians and Jews living together in Palestine as they once did.

by Sharmine Narwani

Europe is starting to buckle under the strain of the economic crisis as one doom scenario leads to the next. The spectre of a forced exit from the euro looms large. But do we really have cause to be so gloomy? Are there no winners in the present bleak economic landscape? Radio Netherlands Worldwide put four simple questions to three leading Dutch economists.

-1. Are you positive or negative about the future?
-2. What is the biggest problem that needs to be overcome? How will we manage to do it?
-3. Who will be the winners and who will be the losers?
-4. What is the impact of the economic crisis on you personally?

Goldman Sachs struck a secret deal with Greece to help it mask its vast debts, it emerged yesterday.

The Wall Street giant is claimed to have reaped as much as £192million in fees by entering a complex currency transaction in 2001 that helped Athens borrow cash without putting it on the books as a loan.

The so-called 'swap' deal, while permitted under EU rules, helped Greece meet eurozone limits on government borrowing.

Economists warned that the Greek financial system could crumble within weeks or days unless the European Central Bank steps up support.

President Karolos Papoulias told party leaders that banks had lost €700m in withdrawals on Monday alone as citizens rush to pre-empt capital controls and a much-feared return to the Drachma.

He cited central bank warnings that "great fear" might soon escalate to panic. The leaked details lend credence to claims that capital flight by both savers and firms have reached €4bn a week since the triumph of anti-bailout parties on May 6.

The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number. At this point, the entire Greek banking system is in danger of collapsing.

The following is my prescription for Greece....

1 - Default on all debts.

2 - Leave the euro.

3 - Issue drachmas that are debt-free and that do not come from a central bank. Instead, have the Greek government create them and spend them directly into circulation.

4 - Enjoy a return to prosperity.

Michael Snyder, Contributor
Activist Post

Money is being pulled out of Greek banks at an alarming rate, and if something dramatic is not done quickly Greek banks are going to start dropping like flies. As I detailed yesterday, people do not want to be stuck with euros in Greek banks when Greece leaves the euro and converts back to the drachma.

The fear is that all existing euros in Greek banks would be converted over to drachmas which would then rapidly lose value after the transition. So right now euros are being pulled out of Greek banks at a staggering pace.

So where has all of the cash for these withdrawals been coming from? ...

European politicians failed to see that the single currency's existence is in peril, trying to blame the system's failures on individual countries, Aditya Chakrabortty, lead economics writer for The Guardian newspaper, told RT.

Britain's Prime Minister says the Eurozone must make up or break up. David Cameron told business leaders that the beleagured single currency countries are at a crossroads which demands urgent action to avoid sparking a global depression.

Shares in Spanish bank Bankia have continued their dramatic decline on concerns over the firm's finances.

The share price was down another 25% on Thursday, taking losses for May to 50%.

Spain denied a report in the El Mundo newspaper that customers had taken more than 1bn euros ($1.3bn; £800m) out of the bank, which is set to be part-nationalised, over the past week.

Mr Cameron raised eyebrows at Prime Minister's Questions on Wednesday when he warned the eurozone it "either has to make up or it is looking at a potential break-up".

Chancellor George Osborne has repeatedly warned against speculating about eurozone break-up, saying it would cause instability amid Greece's ongoing inability to form a government able to push through austerity plans.

But he told MPs earlier on Thursday that the Greek elections had "let the genie out of the bottle" and "some of the things we were happy to say in private we are now also willing to say in public because the issue is out there".

David Cameron has set out a three-point plan to stop Europe's financial problems spiralling out of control, amid growing fears that Greece is about to crash out of the single currency.

The Prime Minister is piling the pressure on Europe to stop the collapse of the single currency by raising money through "Eurobonds".

Speaking in Manchester, he warned the financial crisis of 2008 that led to the near-collapse of the banking system "never really went away".

A tsunami of capital flight from Greece threatens to overwhelm the authorities, forcing the country out of the euro before fresh elections in June.

Economists warned that the Greek financial system could crumble within weeks or days unless the European Central Bank steps up support.

President Karolos Papoulias told party leaders that banks had lost €700m in withdrawals on Monday alone as citizens rush to pre-empt capital controls and a much-feared return to the Drachma.

He cited central bank warnings that "great fear" might soon escalate to panic. The leaked details lend credence to claims that capital flight by both savers and firms have reached €4bn a week since the triumph of anti-bailout parties on May 6.

The Spanish Treasury had to pay around 5pc to attract buyers of three- and four-year bonds. The longer-dated bonds sold with a yield of 5.106pc, way above the 3.374pc the last time it was auctioned.

Spanish Prime Minister Mariano Rajoy said yesterday his government, struggling to reduce its budget deficit, could soon find it difficult to fund itself affordably on the bond market unless the pressure eases.

It’s just after lunchtime on a drizzly day in the Amsterdam suburb of Bos en Lommer and the line of people waiting to fill their bags with free rice, juice, potatoes and bread is lengthening.

The market is one of 135 food banks in the Netherlands bailing out people trying to survive on less than 180 euros ($234) a month, the threshold to qualify for the aid. Organizers say demand for the service rose 20 percent in the first quarter.

Chris Martenson is warning everyone to get ready because we’re about to have another 2008-Style crisis, but this time on a global level

Greeks withdraw billions of euros from banks as the country's president warns of 'panic' over Euro exit that will be 'somewhere between catastrophic and Armageddon'.

The news coming out of Europe just keeps getting dire as the run on Greek banks continues prompting the nation's banks to warn of a complete banking collapse as an exit from the EU appears to be inevitable.

At the same time, the a report on the Telegraph warns a Greek exit will be somewhere between 'somewhere between catastrophic and Armageddon' as European leaders warn of civil widespread civil unrest as a result of the fallout.

The damage to the rest of Europe from Greece leaving the euro would be "somewhere between catastrophic and Armageddon", the chief negotiator for the body representing private sector holders of Greek bonds said on Wednesday.

The people of Iceland have overwhelmingly risen up and forced their government puppets of the banks to resign. Primary banks have been nationalized. The debt scam imposed by Great Britain and Holland money printers was declared null and void. A public assembly has been created to rewrite Iceland’s constitution.

The best part is, all of this happened without violence or bloodshed. A whole country’s revolution succeeded against powers that created the current global crisis without a shot being fired. A very good reason exists for the apparent failure of television and newspapers to provide any publicity on this unprecedented event: what would happen if the rest of the EU and the United States took this as an example?

By now many have seen some iteration of various GDP to sovereign debt charts but how many have seen this sovereign debt to government revenues chart?

France’s unemployment rate has risen to 10 percent, with millions of French citizens looking for work as Europe’s economic crisis shows no sign of letting up.

Michael Snyder, Contributor
Activist Post

The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number. At this point, the entire Greek banking system is in danger of collapsing.

Most of the money Greece used to pay in full a 436-million-euro foreign law bond on Tuesday went to a vulture fund, the New York Times has reported.

“Almost 90 percent was delivered to the coffers of Dart Management, a secretive investment fund based in the Cayman Islands, according to people with direct knowledge of the transaction,” the newspaper said.

“Dart is one of the best known of the so-called vulture funds, which have a track record of buying the distressed bonds of nearly bankrupt countries — and if they do not get paid, suing the governments for the money.”

The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For a small nation like Greece, that is an absolutely catastrophic number. At this point, the entire Greek banking system is in danger of collapsing.Meanwhile, banks in other troubled European nations are already on shaky ground. The Spanish banking system is an absolute disaster zone at this point and on Monday night Moody's downgraded the credit ratings of 26 Italian banks.

The situation in Italy is especially worth keeping a close eye on. As Ambrose Evans-Pritchard recently noted, things are not looking good for Italy at all....

As leaders in Athens accepted the need for a new general election to end a national stalemate, the International Monetary Fund said Europe’s leaders should prepare for the possibility of a Greek departure from the single currency.

Christine Lagarde, head of the IMF, warned she was “technically prepared for anything” and said the utmost effort must be made to ensure any Greek exit was orderly. The effect was likely to be “quite messy” with risks to growth, trade and financial markets. “It is something that would be extremely expensive and would pose great risks but it is part of options that we must technically consider,” she said.

Fast forwarding from ca 1000 AD until 2003 showing Europe's shifting borders, alliances, unions, territories, occupied land etc.

France’s unemployment rate has risen to 10 percent, with millions of French citizens looking for work as Europe’s economic crisis shows no sign of letting up.

Raising the spectre of a Greek exit, the German chancellor said “solidarity for the euro” was threatened by the ongoing political crisis in Athens.

Stock markets around the world fell sharply with fears mounting that a euro break-up could lead to renewed financial turmoil. The FTSE-100 index of Britain’s major companies fell by two per cent to 5465, with bank shares hit particularly hard.

The cost of Spanish government borrowing also hit a record high since the single currency was introduced because of concerns that the crisis will spread.

The talks turned on implementation of a very tough EU-IMF debt bail-out accord.

Greek socialist leader Evangelos Venizelos said: "We are going again towards elections, in a few days, under very bad conditions," he said, while a statement from the president's office noted simply that efforts to form a government had failed.

Minutes ago Bloomberg sent out a notice that things in Greece may be on the verge of the final collapse. From Bloomberg: "Anxious Greeks have withdrawn as much as 700 million euros ($893 million) from the nation’s banks since the inconclusive May 6 election, President Karolos Papoulias told party leaders yesterday, according to a transcript of the meeting posted on the presidency’s website today. Papoulias said he got the information from the head of the Bank of Greece, the central bank, George Provopoulos, according to the transcript."

NEW YORK, May 15 (Reuters) - World stocks declined and the euro fell to a four-month low against the dollar on Tuesday after Greece said it would hold new elections and worries increased about its possible exit from the euro zone.

Gold touched a 4-1/2-month low as the euro's weakness unnerved investors over the profitability of holding euro-denominated assets.

Where the eurozone crisis heads will depend not on whether Greece leaves the union, but on how the situation in the region affects debt-troubled Italy and Spain, Aleksey Bachurin, head of Russian Cash Equity Trading at Renaissance Capital, told RT.

“The important thing is not Greece itself: it’s relatively small and the investments in Greece are already written down by most banks. But the potential contagious effect on Italy and especially Spain – this is a real danger,” Bachurin said.

Indeed, as the Greek crisis entered a new phase with the country’s party leaders failing to form a government, Italian and Spanish borrowing costs surged and banking declined.

(Reuters) - Greece abandoned a nine-day hunt for a government on Tuesday and called a new election that threatens to hasten the nation's slide towards bankruptcy and a future outside the euro zone.

At least 100,000 Spaniards angered by grim economic prospects and the political handling of the international financial crisis turned out for street demonstrations in the country's cities Saturday, marking the one-year anniversary of a movement that inspired similar pressure groups in other countries.

“We dance round in a ring and suppose/ But the secret sits in the middle and knows.” – (Robert Frost)

May 14 and 15 are paradoxically days of celebration and catastrophe; victors “dance round in a ring and suppose,” caught in a never ending quest to know if indeed this celebration is for victory or for defeat, while those vanquished understand “the secret that sits in the middle and knows.” Are the secrets Truth that we are afraid to delve into, too ashamed to acknowledge, or fear of a pending Nakba for the victor signaled by a merciful and just God?

A country that is hopelessly enslaved by Jewish money and Jewish power, is not free to report the truth.

America needs to produce politicians who are more honest and less fearful of the wrath of the Jewish lobby (AIPAC).

However, this won’t happen until mainstream America discovers the disastrous role Israel and her agents play in America’s national life.

Another well-done, excellent example of the truth, which has long been apparent.

Media Lies!

Straight up truth served piping hot, with a side of hilarious. Genius.

WARNING: NOT POLITICALLY CORRECT. (No foul language)

Moody's announced, after the bell, they downgraded 26 Italian banks which has sent the Euro sliding following its fall below the $1.30 psychological barrier.

The media had been hyping up the ramifications of Spain failing to find investor's to buy its sovereign bonds over the last several weeks.

Following Europe's Bear Stearn's moment, Spain fell far short of raising funds they needed in their bond offering this morning, sending Spanish sovereign debt rates soaring while the story was barely a hiccup on the media radar, who instead diverts the attention of the masses to the JP Morgan debacle.

As the global financial markets continue on their downward spiral mass anti-austerity protests sweep across Europe as a financial disaster looms.

Markets have fallen heavily and debt yields have risen, as EU finance ministers meet this afternoon for 'political' talks that are expected to focus on the ongoing crises in Greece and Spain.

• EU finance ministers meet this afternoon
• European markets close down, FTSE off 2pc
• Spanish bond yields hit 2012 high of 6.331pc
• Eurozone industrial output slumps 2.2pc y/o/y
• Greek politicians still tussling to form govt

Last week was a truly hectic one for the EU, with violent anti-austerity demos and political deadlock again casting doubts over the future of the euro. In Spain, as many as hundreds of thousands marched in nationwide protest. They chanted slogans and waved banners demanding an end to cuts and painful austerity. In Italy, violent anti-austerity clashes erupted in the city of Naples, after yet another suicide apparently caused by an aggressive government taxation program. But above all that, is the political turmoil in Greece

EU foreign ministers on Monday issued a harsh critique of Israel, saying the gathering pace of settlement-building, settler extremism and ill-treatment of Palestinians threatens a two-state solution.

Angela Merkel's ruling conservatives suffered a humiliating
defeat in key elections in Germany's most populous state yesterday
when voters rejected her party's austerity policies and handed a
resounding victory to her pro-growth Social Democratic Party
opponents.

Ms Merkel's Christian Democrats were shell-shocked by the devastating result they returned in the poll in North Rhine Westphalia, which has a total population of 18 million.

The neocon cabal of Zionist Christians and Jews behind 9/11 have tried to disguise their war on Islam as a “war on terror.” But occasionally one of them blurts out the truth: “I always thought it was a mistake not to say what Iraq really was, that is, a war against an expanding Islam,” opined neocon think-tanker James Schall of Georgetown University.*

If General Dempsey really wants to end the war on Islam, he should go to whatever lengths are necessary to expose the truth about 9/11. To that end, he ought to consider a Constitutional Counter-Coup in which all those complicit in 9/11 and its cover-up are suddenly and without warning detained and charged by military courts rather than the neocon-owned federal judiciary.