Financial Collapse Is Inevitable …. Azerbaijan Arms For War
Despite a continued rally in Utilities, XLU, such as D, and US Infrastructure, PKB, such as SHW, HD, and some countries such as South Korea, EWY, SKOR, today, King World News reports We Are Moving Closer To Total Financial Collapse, Greyerz Relates. This as CNBC reports Stocks End Mixed After Bernanke; Banks Slide. Stocks lost steam in the final hour of trading to finish mixed Thursday, after the Federal Reserve announced new capital rules for financials and following Bernanke’s comments that offered little hope for further central bank intervention. World Stocks, VT, and World Small Caps, VSS, traded unchanged on the day.
Soon coming Financial Armageddon, that is a credit bust and financial system breakdown, is well known to those familiar with bible prophecy; it is foretold in Revelation 13:3-4.
In India,The Skilled Suffer With Unemployment And Inflation. CNBC reports India’s Economy: How Bad Is It? A 52-year-old handyman who has lived in New Delhi for 30 years, Ram Samujh has seen bad times before. But these days, as India faces an economic slowdown amid double-digit inflation, the future looks especially bleak.
India had known hot money flow for years, but the Milton Friedman Free To Choose floating currency regime failed in April 2011, when investors feared that a debt union had formed in the EU, and carry trade lending reversed, causing deleveraging out of commodities and derisking out of stocks, with India Small Caps, SKIF, India Infrastructure, INXX, Chinese Small Caps, HAO, and South Korea Small Caps, SKOR, leading the way down, reflecting the failure of money, and then further reflecting the failure of credit in April 2012. Neoliberalism has ended, and Neoauthoritarism is rising in its place. In India, telecom licenses which were awarded via graft were pulled and reassigned to others.
Robert Wenzel in Economic Policy Journal writes “A Greater Merkel Europe”. They are going for it. It appears that the elitist/globalists are going to use the current financial crisis in Europe as a platform from which to create a Greater Merkel Europe. German Chancellor Angela Merkel is calling for countries to give up more powers to Europe ‘‘step by step’’ and says a ‘‘political union’’ is needed as leaders prepare for a closely watched summit later this month, reports AP.
Merkel appeared on Germany’s ARD public television’s breakfast show and advanced the power grab: ‘‘We need more Europe’’ — but did not offer details on how, or how quickly, she was willing to embrace new measures other countries are asking her to accept, reported AP ….. ‘‘We need not just a currency union; we also need a so-called fiscal union, more common budget policies. And we need above all a political union,’’ she added. ‘‘That means that we must, step by step as things go forward, give up powers to Europe as well.’’
Shill relates Merkel urges gradual political union. German Chancellor Angela Merkel is calling for countries to give up more powers to Europe ”step by step” and says a ”political union” is needed as leaders prepare for a closely watched summit later this month, reports AP.
TalkingHeads relates the BBC report, Speaking on German TV, she called for “more Europe”, including a budgetary union, saying “we need a political union first and foremost”. “Step by step we must from now on give up more competences to Europe, and allow Europe more powers of control.” However, she has resisted calls for the joint issuing of eurozone debt.
Bible prophecy of Ezekiel 38 communicates that a world war will be found in Syria that will encompass all of Eurasia including Turkey and Iran. Clara Weiss of WSWS provides insight from today’s news as to the coming scope of that war in article Growing tensions between Iran and Azerbaijan
Azerbaijan is not only rich in oil and gas, largely exported to the US and the EU, it is also an important transit country for resources from the rest of the Caspian basin and Central Asia. The previously quoted telegram puts it very clearly: “One of the key U.S. interests here is the ability of Azerbaijan to continue to produce and export hydrocarbon resources from reserves located offshore in the Caspian Sea.”
Israel is also directly involved in the arming of Azerbaijan. In February of this year, Baku agreed to buy arms worth $1.6 billion from Israel. The new weapons systems ordered from Israel include sea-based missiles and drones. Thanks to the support of the US and Israel, Baku now has a more heavily armed navy in the Caspian region than even Russia.
According to a report by the American magazine Foreign Policy, Israel now has access to air bases on the border of northern Iran, from where air attacks could be launched on Tehran. How far Azerbaijan is involved in the preparations for war against Iran was also shown last week in the Washington Post, in an article detailing the absurd suggestion of an alleged assassination attempt by Iran on US officials in Azerbaijan (see: “Washington Post airs another unlikely Iranian assassination plot”).
US secretary of state Hillary Clinton is expected in Baku on June 6 to meet with Azerbaijani president Ilham Aliyev and Foreign Minister Elmar Mamedyarov. On the agenda will be the conflict over Nagorno-Karabakh, a region over which Azerbaijan has been in conflict for years with its neighbor Armenia. The territorial dispute over Nagorno-Karabakh is an important motive for the support that Azerbaijan is now providing the United States and Israel. In the event of war over Nagorno-Karabakh, Russia and Iran would stand on the side of Armenia, while Azerbaijan would clearly rely on support from Washington.
The issue of Iran is also of central importance. According to the Azerbaijani online newspaper AKZ.az, experts expect that Clinton will discuss the “program for the war on terror and assistance to Azerbaijan” and “technical re-equipment of the Azerbaijani secret service.”
Turkey, which also supports a military intervention against Syria and is currently at the forefront in equipping the Syrian rebels, is sending four top military leaders in a public show of support for Baku, underscoring the longstanding ties between Ankara and the Turkic-speaking country. The Russian news agency Regnum quoted an anonymous source who is close to the Turkish military, saying: “With this step, Turkey wants to give Iran to understand that they will not leave Azerbaijan on its own.”