Home » Posts tagged 'europe'

Tag Archives: europe

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Covid-19 Shatters the Facade of European Union

Covid-19 Shatters the Facade of European Union 

The new coronavirus and its accompanying disease Covid-19 has stopped the globe in its tracks. Governments, markets and news cycles have become dominated by the pandemic. Europe is now the epicenter for the disease, with reportedly more fatal cases of infection than China where the virus first erupted in December.

Several European Union countries have declared themselves states of emergencies, including Belgium, France, Portugal, Spain and Italy. The 27-member bloc has sealed off external borders. Some states, such as Poland, have begun closing borders with other EU members. Brussels, the administrative center of the EU, is alarmed because the much-vaunted single market and its core principles of free movement of goods and people is at risk of collapsing.

The European entity which proclaims solidarity and supranational status is reverting to a collection of nation states, each desperately fighting for their own survival amid the Covid-19 pandemic. EU leaders have been criticized for showing lack of central leadership and solidarity. When Italy first reported a surge in infections a few weeks ago, the rest of Europe was slow to respond with the necessary prompt assistance. Now Italy is such a grip of the disease – with thousands dead – that in some parts of the country normal funeral services reportedly cannot even cope with the number of deceased.

In blistering remarks this week, the Serbian President Alexander Vucic  lamented that there was “no European solidarity”. Serbia is a prospective member of the EU along with several other Balkan states, but Vucic said his country has received little in the way of aid from the EU in face of the coronavirus threat. Indeed, by contrast, the Serb leader extolled the generosity of China which has sent large shipments of equipment to combat the disease. Beijing has also dispatched aid cargoes and medical teams to Italy and other EU members to help them cope with their outbreaks.

…click on the above link to read the rest of the article…

Italy Goes Full “Wuhan”, Orders Most Restrictive Lockdown Yet, As Global Case Total Passes 300k: Live Updates

Italy Goes Full “Wuhan”, Orders Most Restrictive Lockdown Yet, As Global Case Total Passes 300k: Live Updates

Summary:

  • Massive surge in number of deaths and cases in UK, Germany, Spain, Italy, and France
  • New York, New Jersey deaths, cases accelerate
  • Italy goes under full lockdown
  • NY Gov Cuomo: “months, not weeks” to control virus
  • Ukraine declares total quarantine
  • Belgium sees 25% jump in cases
  • Saudi Arabia reports 10% spike
  • German gov’t ends years of fiscal restraint with 365 billion euro aid package
  • NYC airspace closed after positive Air Traffic Controller test
  • NJ declares full state lockdown; “will take action” for people not following precautions
  • FDA authorizes first 45-minute COVID-19 test
  • US Fiscal Aid package around $2 trillion (10% of GDP), Kudlow
  • Officials increasingly calling for the cancellation of the Tokyo Olympics

*  *  *

Update (1835ET): Even after threatening Italians in some areas with serious criminal penalties for violating their stringent quarantine orders, it seems Italy’s coronavirus containment efforts have failed.

After reporting another shocking jump in deaths, the Italian government has gone full “Wuhan”, ordering a complete shutdown of industrial production for 15 days.

In a speech delivered just before midnight on Saturday in Rome, Prime Minister Giuseppe Conte announced that he is ordering ALL non-essential businesses to be closed, and for Italians to stay home.

These measures are slightly more restrictive than the current measures, which allow Italians more freedom to move about their towns and communities. They will also likely result in a much larger economic hit, as Italy’s industrial stalwarts are forced to pause operation.

And just like that, an entire country – 60 million Italians – is now under ‘shelter in place.’

Elsewhere, as Middle Eastern countries escalate their crackdowns, Kuwait announced that it would start imposing a curfew between 5pm and 4am due to what the government called “non-compliance with Ministry of Health’s instructions to stay indoors.” Meanwhile, the UAE has closed beaches and parks for two weeks.

…click on the above link to read the rest of the article…

NYC Closes Schools Until April 20, US Death Toll Hits 64: Live Updates

NYC Closes Schools Until April 20, US Death Toll Hits 64: Live Updates

Summary:

  • NYC Mayor says NYC schools will close for at least a month starting Monday 
  • NY Gov Cuomo says NYC schools will close “early this week”
  • Mayor reports 4 new deaths
  • Italy reports largest one-day jump in cases; France also reports highest daily jump
  • CDC recommends postponing all gatherings for 8 weeks
  • US death toll hits 64
  • Pentagon says sailor aboard Navy ship has tested positive
  • Germany reports 1,000+ new cases bringing total to 5,813
  • Acting Homeland Security Secretary says lines at O’Haire are “unacceptable”, says wait times have been fixed
  • Illinois Gov closes all bars & restaurants for dining in
  • US death toll hits 58, 1st death confirmed in Oregon
  • Google CEO says country-wide virus info site to launch Monday
  • LA Mayor orders bars to close, may also close dine-in restaurants
  • NFL season start likely won’t be postponed, ESPN says
  • California confirmed cases climb 14% to 335
  • US confirmed case total hits 2,952
  • Wal-Mart, Stop & Shop cut hours
  • Connecticut, Mass. close schools 
  • Case in Conn. double over night
  • Netherlands closes schools, restaurants
  • Germany closes borders to neighboring states
  • Poland bars foreigners
  • West Virginia last US state that’s virus-free
  • Iran reports largest daily jump in deaths
  • Ohio closes bars, restaurants at 9pm Sunday
  • Trump speaks with grocery chain CEOs
  • Pence says he won’t be tested
  • NYC Mayor says ‘every option on the table’ when asked if considering complete shutdown of city + schools
  • Washington DC mayor orders nightclubs to close and imposes new restrictions on bars and restaurants
  • Federal limits on trucker hours suspended to help hospitals and supermarkets alleviate shortages of critical items

*  *  *

Update (2000ET): After cutting off domestic travel for all military personnel, the Pentagon has just confirmed that a US sailor aboard a ship has tested positive, according to Reuters.

…click on the above link to read the rest of the article…

Trump Bans All Travel From Europe For 30 Days; Tom Hanks Infected; NBA Suspends Season: Live Updates

Trump Bans All Travel From Europe For 30 Days; Tom Hanks Infected; NBA Suspends Season: Live Updates

Summary:

  • WHO declares Covid-19 is a pandemic
  • President Trump declares a travel ban from all European countries (not UK)
  • Tom Hanks, wife announce they have the Coronavirus
  • NBA suspends all games until further notice
  • Utah Jazz player Rudy Gobert has tested positive for coronavirus.
  • LA confirms first death
  • Seattle schools close for two weeks
  • Italy closes stores
  • MGM says guest at Vegas’s ‘The Mirage’ tested positive
  • Denmark closes schools, will send ‘non-critical’ public employees home to work
  • New Jersey case total climbs to 23
  • Juve player Daniele Rugani
  • DC Mayor declares public health emergency
  • Congressional doctor says up to 
  • Cuomo confirms 39 new cases in NY, raising total to 212
  • First death in Indonesia
  • Confirmed cases in France top 2,000
  • Washington State to ban events over 200
  • Details of cruiseline industry’s ‘health and safety proposal’ leak
  • ‘Waffle House’ employee in Atlanta confirmed
  • UK reports 7th death
  • Chicago cancels St. Paddy’s Day parade
  • NY sends in National Guard
  • IADB cancels meeting in Colombia as virus spreads across Latin America
  • Mnuchin says first part of virus stimulus plan will be ready in 2 days
  • Utah reportedly planning to shut public college and university campuses
  • Dr. Fauci warns virus 10x more deadly than flu and could infect millions if not handled early
  • Australia passes A$18 billion stimulus package
  • Seoul says 99 cases tied to call center
  • FEMA evacuates Atlanta office over coronavirus scare
  • 3 Boeing workers test positie
  • Washington DC advises cancellation or postponement of all gatherings with more than 1,000 people
  • Harvard to prorate room and board for students
  • US cases surpass 1,000
  • UK Health Minister catches virus
  • Ireland, Bulgaria, Sweden report first deaths
  • Connecticut declares state of emergency
  • UK total hits 456 following largest daily jump on record (83 new cases)
  • Global cases pass 120,000
  • South Korea reports new outbreak in call center
  • Japan reportedly planning to declare state of emergency

…click on the above link to read the rest of the article…

Europe Questions Italy’s Ability To Contain Outbreak After Hospital Helped Spread Virus: Live Updates

Europe Questions Italy’s Ability To Contain Outbreak After Hospital Helped Spread Virus: Live Updates

Update (0825ET): Bahrain has banned its citizens from traveling to Iran as it reports 9 new cases of coronavirus, raising the total cases in the tiny island kingdom to 17 in the span of 24 hours.

* * *

Update (0800ET): With his reputation under fire and his popularity slipping, PM Giuseppe Conte said Tuesday that he’s confident that the measures his government has put in place will contain the contagion in the coming days.

This comes after the PM admitted that a hospital in Lombardy inadvertently helped spread the virus by not adhering to certain health-care protocols. The PM has blamed the hospital for the outbreak in the north, raising questions about whether “the European nation is capable of containing the outbreak,” according to CNN. To put things in perspective, Italy now has 3x the number of cases in Hong Kong.

“That certainly contributed to the spread,” Conte said, without naming the institution concerned. The infection has been centered around the town of Codogno, around 35 miles south of Milan.

“Obviously we cannot predict the progress of the virus. It is clear that there has been an outbreak and it has spread from there,” Conte told reporters, referring to the hospital.

A team of health experts from the World Health Organization and the European Center for Disease Prevention and Control arrived in Italy on Monday to assist local authorities while some 100,000 remain under an effective quarantine.

Over in India, Trump added to his earlier comments by saying a vaccine is “very close”, even though the most generous estimates claim we need another year.

Market experts cited a WSJ report on a possible vaccine as helping market sentiment, though even that report made clear that human tests of the drug are not due until the end of April and results not until July or August.

…click on the above link to read the rest of the article…

Rabobank: Our Coronavirus Base Case Is Rapidly Shifting From “Bad” To “Ugly”

Rabobank: Our Coronavirus Base Case Is Rapidly Shifting From “Bad” To “Ugly”

Regular readers will know that our four projected COVID-19 scenarios were “Bad, Worse, Ugly, and Unthinkable”. Current news today suggests risks that the base case is rapidly shifting from “Bad”, meaning only China is impacted, to “Ugly”, where both emerging Asia and developed economies see soaring infection rates and deaths.

After all, following Vietnam, Iran now has eight deaths and an uncertain number of cases, prompting schools and universities to closed and the borders with Afghanistan and Pakistan to be sealed from the other side. For an economy already being crushed by sanctions, this is all that it needed. More worrying for markets, South Korea (with a GDP of over USD1 trillion) has also been swamped by hundreds of new cases, a 20-fold leap in just five days, and, as in China, is seeing the highest-level emergency declared, cities on lock-down, gatherings and travel bans in place, and the national assembly additionally suspended. Samsung has had to shutter at least one factory, in the city of Gumi. The Asian economy, already reeling, it about to suffer another major kick.

Worse, in Europe there also are over 160 cases in a cluster in northern Italy, with three deaths so far, and the regions of Lombardy and Veneto, the industrial and financial heartlands, in both panic and lockdown. Venice’s Carnival has been cancelled, and so was a recent fashion show. Italy is 11% of Eurozone GDP, and those two regions are 30% of Italy’s GDP. For a Eurozone already close to recession, that shock could well be more than enough to generate a downturn.

…click on the above link to read the rest of the article…

“Tsunami-Like” Coronavirus Floods South Korea With New Cases; Europe Begins To Isolate Italy: Live Updates

“Tsunami-Like” Coronavirus Floods South Korea With New Cases; Europe Begins To Isolate Italy: Live Updates

Summary:

  • In a report that was 4 hours “late”, China reported an additional 409 coronavirus cases across the entire nation, and 150 additional deaths as of February 23 compared to 648 additional cases and 97 deaths on February 22; this brought total China cases to 77150 and total deaths 2592
    • China’s Hubei province said it has 398 New Coronavirus Cases As Of Feb 23 and 149 New Coronavirus Deaths.
  • South Korea raised its national threat level to “red alert” for the first time since the H1N1 swine flu outbreak in 2009. The total number of confirmed cases in the country reached 763, a jump of 161 overnight, and a 25-fold increase in the past week.
  • The Italian government said it has 152 confirmed cases, up from three in a matter of days. Three people have died. Authorities have locked down about a dozen small towns and canceled events across the north, including Venice’s Carnival.
  • Iran has confirmed eight deaths related to the coronavirus, the most outside of China, media reported Sunday. South Korea confirmed its seventh death.
  • 4 more cases confirmed in UK
  • 200 Israelis quarantined
  • Japan confirms more cases; Japanese Emperor expresses hope for Tokyo Games
  • Trump says US has everything ‘under control’ as he asks Congress for more money
  • EU’s Gentiloni says he has ‘full confidence’ In Italian health officials
  • Turkey, Pakistan close borders with Iran as confirmed cases soar
  • Global Times says virus may not have originated at Hunan seafood market
  • Axios reports shortages of 150 essential drugs likely.

* * *

Update (2200ET): In a release that was about 4 hours late, China’s Hubei province said it has 398 New Coronavirus Cases As Of Feb 23 and 149 New Coronavirus Deaths. Overall, China reported an additional 409 coronavirus cases across the entire nation, and 150 additional deaths as of February 23 vs. 648 additional cases and 97 deaths on February 22. This brings the total number of cases across China to 77,150, and total deaths to 2592.

…click on the above link to read the rest of the article…

Can Europe’s Largest Economy Survive Without Coal?

Can Europe’s Largest Economy Survive Without Coal?

Germany Coal

One of the greatest moral dilemmas that has been creeping into the everyday activities of specialists working with coal, oil and in some cases even gas (despite its being perceived a natural bridge to a low-carbon future) could be phrased in the following way: how do you stop producing fossil fuels when you still have cheap ample reserves? In this context coal stands out – its relative inferiority in terms of environmental pollution prompted governments in developed economies to ban its future usage. Yet whenever its production is not curtailed by government-mandated cuts, producers simply continue to extract as much coal as possible. Straight in the middle of the so-called European approach to coal lies Germany, an erstwhile bulwark of the coal industry. Can it eventually survive without coal?

In stark contrast to oil and gas – of which Germany has traditionally been a major net importer and in both cases looking back to a more than 50-year history of depending on primarily Russian hydrocarbon riches – Europe’s leading economy has substantial reserves of coal, lignite in particular. In fact, Germany remains the world’s largest producer of lignite and burns most of it for power generation, accounting for some 22 percent of the nation’s gross electricity output. Ironically, lignite production is more COintensive than hard coal as it is done by extracting coal from open-cast pits, nevertheless, its mid-term future looks a lot better than that of hard coal mining in Germany.

Whilst lignite remains economically competitive, Germany’s hard coal production went downhill after the government ended its subsidy schemes. The last hard coal mine closed its gates in December 2018, ending a 200-year history of the Ruhr Region and potentially starting a new development phase of Westphalia, a geographical phenomenon inextricably intertwined with coal. 

…click on the above link to read the rest of the article…

Is Another Black Death on the Way?

IS ANOTHER BLACK DEATH ON THE WAY?

Plagues from the east are nothing new. The Black Death and other epidemics arrived in Europe from China during the 1300’s, killing a large percentage of its population. Much of this pestilence came from rats that stowed away on merchant ships coming from the east. 

At the end of World War I, another pandemic, wrongly called the Spanish flu, killed an estimated 18 to 50 million people in Europe and North America. 

Seventeen years after the SARS virus killed some 800 people in China and Canada and terrified the entire world, a new plague threatens the West: the Wuhan Coronavirus. 

Officially named 2019-nCoV, the new virus has so far infected over 800 people in China. This latest plague erupted in the central Chinese city of Wuhan, population 11 million, which is located on the Yangtze River and is an important hub for national communications.

Like SARS, the Wuhan virus is believed to have come from a live animal market that specializes in exotic animals from the Himalayas or China’s remote mountain regions. Serving exotic animals at dinner parties is a big status symbol in China. Sometimes they are even served while still alive. Dog meat is a favorite in northern China.

SARS was believed to have come from civet cats. As a result, thousands of these creatures were brutally killed. But it was later determined the virus originated from bats, then spread to other captive animals. Bat soup is another Chinese delicacy.

Keeping large numbers of captive animals crammed together in cages with poor ventilation and no cleaning is an ideal vector for viral diseases. Each year, China consumes 730 million pigs. Fifty percent of China’s factory farmed pigs have so far contracted lethal swine flu. Rising living standards have boosted demand for pork.

…click on the above link to read the rest of the article…

Europe Leads The World In Environmental Protection

Europe Leads The World In Environmental Protection

Earlier this week, the European Union unveiled their European Investment Plan aimed at shifting 1 trillion euros into making the economy more environmentally friendly over the next 10 years.

Statista’s Willem Rpoer reports that the investment plan is in line with European Commission president Ursula von der Leyen’s Green Deal, which looks to make the European continent carbon-neutral by 2050. Since taking office, Von der Leyen has made climate change her top priority.

European countries have typically been leaders in the fight against climate change, with many ranking lowest in carbon emissions globally and highest in environmental quality. The newest trillion-euro investment plan looks to solidify Europe as the global example for combating global warming as other continents like Asia and North America continue to produce high carbon emissions and lag behind in renewable energy sources.

n 2019, Yale University released their Environmental Performance Index (EPI) for all 180 countries in order to gauge which countries had the highest environmental quality and which had the lowest.

Infographic: Europe Leads the World in Environmental Protection | Statista

My Main Worry is Europe

My Main Worry is Europe

Can it get any better than this? That’s the question investors are asking themselves after an exceptional year. Despite a slowdown in the global economy and increasing trade tensions, almost every asset class is up for the past twelve months.

Mohamed El-Erian

Mohamed El-Erian is convinced that the world is nearing a tipping point. According to the internationally renowned economist who coined the term «New Normal», the faith of the global economy depends on a successful hand-off from monetary to fiscal policy and structural reforms. Otherwise, the world will sink into a mire of financial volatility and political collapse, he fears.

«As good as the ‹New Normal› was for the last ten years, I don’t think it will continue during the next ten years», says Mr. El-Erian in an extended interview with The Market.

In his view, Europe is getting much closer to a fateful junction. If the European economy hits stall speed, chances of a recession are increasing, Mr. El-Erian argues. Furthermore, he cautions that the U.S.-China deal will be a short-term truce since trade is no longer just about economics but also about national security.

Mr. El-Erian, investors are looking back at an amazing year with many turns and twists. What’s ahead for the financial markets in 2020?
There’s a tendency to what I call a «one issue market», meaning the market embraces a single issue and is influenced by that issue most of the time. For a long time, this issue used to be Central Banks, then it has evolved into trade. Trade will continue to be an important issue, even with the recent short-term truce. We have pressed the pause button on globalization. Now, the big question is if we press the play button again and continue to globalize as the market is assuming or if we step towards pressing the rewind button on globalization and deglobalize. That uncertainty is not going to go away. It’s going to be with us for the whole of 2020 because trade is no longer just about economics. It’s also about national security.

…click on the above link to read the rest of the article…

Changes are Coming in 2020

Changes are Coming in 2020 

QUESTION:  I have a question, you wrote :

“Those in Europe who have a position in cash, it may be better to have shares or a private sector bond or US Treasury. Given the policy in Europe of no bailouts, leaving cash sitting in your account could expose you to risk in the months ahead.”

For example, if one has a trading account with a bank, is leaving cash in the bank’s trading account immune to potential seizure indicated in your comment?

Appreciate your clarification,

AP

ANSWER: The risk in Europe is that there is no true rule of law. On the one hand, there is this policy of no bailouts for that would mean money could cross borders. Then there is the rising socialism which is turning into real hatred of the rich.

There is no definitive answer. Europe will do whatever it has to do when the time comes shy of doing the right thing. I have written before when Italy could not meet its debts on short-term paper, they simply decreed that your 90-day paper was now a 10-year paper.

Governments can do whatever they desire. We have no recourse against governments. No private company could act in such a manner. This is one primary reason why I believe governments should be prohibited from borrowing. People are fools for buying their paper and always expecting that this time will be different.

Song Hongbing’s “Currency Wars” – a review

Song Hongbing’s “Currency Wars” – a review 

A revolutionary book from China, where it became a bestseller and is hushed up in Europe for (un)known reasons

Did you know that the FED is actually a private bank and still has the right to issue dollars? Did you know that for over 200 years private bankers have been controlling inflation and deflation, causing crises and even determining world history? Or do you really believe that history is a chaotic process, a melting pot of coincidences, independent decisions by politicians, insane ideologies and carefully planned strategies? Consider the crises in South Korea (1997), Argentina (1998-2002), Greece (2009) and many others in modern world history. Who did the citizens of the affected countries blame for the crisis? Not only their government, but also the international bankers, for whom the governments of the countries affected by the crisis were only a springboard. Would you like to know how these bankers manage to be so powerful and control demand for money almost everywhere in the world and thus control societies? It’s not that complicated and you don’t have to know anything about the economy: just read “Currency Wars” by Song Hongbing. 

It is not a novelty (already published in 2006), but it throws a whole new light on the issues that are tricky today: Currency wars and financial crises. Everyone is asking today: will the yuan strengthen and the dollar weaken? What about the euro? Lagard’s election of the head of the ECB has buried the hope for a stronger euro that was associated with the candidacy of Weidmann – a well-known hawk in financial policies. If she continues to weaken the euro in this way, will interest rates in the euro zone slide so low that pensioners and savers will slowly but surely lose their money? Probably. It’s time for “shearing sheep” as Song Hongbing calls such moments in history (crises, expropriations, etc.). We, the people, are these sheep.

 …click on the above link to read the rest of the article…

Liquidity Crisis & the Pending European Banking Crisis

Liquidity Crisis & the Pending European Banking Crisis 

A lot of people have been writing in about the liquidity crisis and the banks with exposure to Deutsche Bank. This is clearly the European Banking Crisis we have been warning about. Most European (and Swiss) banks are having to overpay 30-40bps over libor. Even A+ rated banks are having to pay this premium.

Keep in mind that the Lehman and Bear crisis took place in the REPO market. This is why the crisis is appearing in a market most never hear about or see in interest rates. Those in Europe who have a position in cash, it may be better to have shares or a private sector bond or US Treasury. Given the policy in Europe of no bailouts, leaving cash sitting in your account could expose you to risk in the months ahead.

In all honesty, if this explodes in Europe, no-one will be safe and it will be pot-luck who’s cash you will be holding when it hits the fan. The Fed will bailout the US banks, but it cannot get involved in bailing out the European banks. This is becoming a clash in public policy which all stems from the FAILUREto have consolidated the debts. That refusal to consolidate, the terms demanded by Germany, also precludes bailouts where the money would cross borders. They want to pretend this is one happy family, but they insist on separate accounts.

As one European banker put it in a private conversation, it is almost a calm collapse. As I have REPEATEDLY warned, we are facing scenarios that nobody has ever seen before. The interconnectivity runs so deep, this clash in public policies can result in a serious crisis emanating from Europe.

 …click on the above link to read the rest of the article…

Europe: The cracks are beginning to showIs the EU experiment coming to an end? Europe considers its options

Europe: The cracks are beginning to showIs the EU experiment coming to an end? Europe considers its options

THE NATO BUILD-UP

2014: The expansion of NATO in the late 20th and early 21st centuries had posed a serious strategic threat to Russia’s security. In 1999 the Czech Republic, Hungary and Poland joined NATO. In 2004 they were followed by the Baltics, Romania, Bulgaria, Slovakia and Slovenia; Albania and Croatia joined in 2009.

This influx was in addition to most of the western European states which had been members of NATO since the ‘Iron Curtain’ came down soon after hostilities had ceased in Europe in 1945. In all, 28 countries are now members of the alliance. Non-NATO members including, Sweden, Finland, were brought into line with EU/NATO policy after their accession to the Lisbon Treaty. Thus economically, politically and militarily the West had arrived at Russia’s western borders.

Viewed retrospectively, however, this was the high point of NATO hegemony. The juggernaut seemed to be at the height of its power, but the turning points had already come with the brief Russo-Georgia war in 2008 and then Ukraine 2014/15 when Russia said nyet.

COLOUR REVOLUTIONS

Colour revolutions financed by US Non-Governmental Organizations (NGOs) in the shape of the National Endowment for Democracy (NED), US-AID, and Human Rights Watch (HRW) were complementary to the EU/NATO expansion eastwards and had targeted both Georgia and Ukraine. Additionally, Soros’s Open Society and its many tentacles also took part in these operations.

The NED could not be called an NGO since it was funded directly by the US government which made it a “GO”. This was openly admitted later by Victoria Nuland – Under Secretary of State for Eurasian and East European Affairs, and Wife of leading neo-con warmonger Robert Kagan – during a talk which she gave at the Washington press club. (See the you tube). Ms Nuland also took the opportunity to inform the audience that the going rate for colour revolutions was US$5 billion.

 …click on the above link to read the rest of the article…

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
Click on image to purchase