The call for direct capitalization of Euro zone banks by forming a banking union is definitely a hail Mary to save Spanish and Greek banks. Although this is only a “call”, Germany will never support it and at some point, Europe will implode economically. When? Based on this recommendation for a banking union, it is very close. If for some reason, Merkel is able to do an end run of the Bundestag and an European banking union is formed, it will be the precursor of the New World Order.
David DeGerolamo
EU calls for banking union, direct recapitalization of banks
The euro zone should move to a banking union and consider directly recapitalizing banks from its permanent bailout fund, the European Commission said on Wednesday in annual economic recommendations that shone a critical light on Spain. Continue reading
An unfortunate incident unfolded at an Elizabethtown, North Carolina, Walmart when employees 
To Austrians, all economic “booms” founded on monetary largesse always end in economic busts, roughly equal in size and intensity to the preceding booms. By distorting interest-rate and price signals and, as a consequence, creating malinvestments that must eventually be liquidated, monetary booms necessitateeconomic busts. This is true regardless of whatever short-term benefits the economy or financial markets appear to enjoy from this largesse. And whether that largesse originates via the creation of central-bank base money (through central-bank asset-purchase or loan programs) or via bank-issued on-demand deposit liabilities in excess of bank reserves or what Austrians call uncovered money substitutes (when said banks are making loans or purchasing assets), in the end the result is always economic busts.
Aaron Walker, whose complaint against convicted terrorist Brett Kimberlin became a conservative cause célèbre this past week, was reportedly taken into custody today after a court hearing in Rockville, Maryland.
Cambridge University researchers find that a microprocessor used by the US military but made in China contains secret remote access capability
Marco Di Lauro, an Italian photographer who took a shocking photo from Iraq in 2003 showing the corpses of Shiite Iraqi children killed during the Saddam era announced that he was shocked to see the photo on BBC website atop a report from the recent massacre in Syria.”Somebody is using illegally one of my images for anti Syrian propaganda on the BBC website front page,” Di Lauro said.
With the May 23 negotiations in Iraq failing to persuade Iran to give up its illicit nuclear program, Iranian leaders have returned to threats of war — including the provocative statement that their missiles can reach every U.S. military base in the Middle East, and a call to halt all nuclear negotiations with the West.
The article below was written on March 21,2012. The Houla massacre occurred in Homs and the 
