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Monday, January 5, 2015

The Arab oil era is over

The most dramatic news in 2014 almost went unnoticed: The United States lifted the restrictions on American oil exports, and as of the first day of the new year it has begun exporting oil to the world.

No one believed this would happen so fast, but the US is already the world's biggest oil manufacturer, bigger than Saudi Arabia, thanks to the oil shale technology which changed the world of energy.

Within a year, the US is expected to export about one million barrels of oil a day and produce 12 million barrels a day. Iran, for the same of comparison, manufactures about a million and a half barrels a day.

This means that oil prices will continue to drop, as the US is already competing against other manufacturers. As a result, Russia will be crushed, Saudi Arabia and the rest of the Gulf states will fall flat on their face, the cartel will collapse, and all the dictatorships which were mainly based on oil – like Iran – will face a gloomy future.
At the same time, democracies like Canada, Brazil, Mexico, Nigeria and even little Israel will enter the market.

US President Barack Obama with Saudi King Abdullah (Photo: AP)

The Arab oil era is over, and so is the destructive power of the Persian Gulf's oil dictatorships. These dictatorships have disgracefully controlled the failing Europe: Buying politicians, bribing companies, taking over the economy and gaining political power which was also used against Israel.

It will take a few months, but both the Europeans and the Americans will realize that the era of the destructive Arab power is over, because the Gulf states will have no money to spend. On the contrary, they will be rocked from the inside by social, ethnic and terroristic shocks, as they will have no money left to continue satisfying terror.

The signs of the drop in Arab power can already be seen. Twenty-two Arab states made a huge effort last week to pass an anti-Israel resolution at the United Nations Security Council, but failed. The US was undeterred by them, and so were strong Western countries. It's true that France and Luxemburg are still controlled by the Arab capital, or think they are, but they will also realize that the era of Arab money is over.

But as oil prices continue to drop, what will happen to Russia? The country is collapsing and could turn to a European war to save itself. And what will happen to Egypt, which is funded by Saudi Arabia? The latter is already cutting its aid to Cairo, because the money is no longer obvious.

And what about the rich Gulf states, like Qatar? They are deluding themselves that someone will be interested in them if they don’t have oil. Some are even toying with the idea of tourism. Well, if there is no oil, no one will want to come there at all, and the sand will once again cover the towers rising in the air which they have built.

Credit to Ynet News

Hollande: Russia sanctions 'must be lifted now'

Predictions Of Economic Disaster In 2015 From Top Experts All Over The Globe

Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression? Over the past couple of years, we have all watched as global financial bubbles have gotten larger and larger. Despite predictions that they could burst at any time, they have just continued to expand. But just like we witnessed in 2001 and 2008, all financial bubbles come to an end at some point, and when they do implode the pain can be extreme. Personally, I am entirely convinced that the financial markets are more primed for a financial collapse now than they have been at any other time since the last crisis happened nearly seven years ago. And I am certainly not alone. At this point, the warning cries have become a deafening roar as a whole host of prominent voices have stepped forward to sound the alarm. The following are 11 predictions of economic disaster in 2015 from top experts all over the globe…

#1 Bill Fleckenstein: “They are trying to make the stock market go up and drag the economy along with it. It’s not going to work. There’s going to be a big accident. When people realize that it’s all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank. Gold will rally in that period of time because it’s done what it’s done because people have assumed complete infallibility on the part of the central bankers.”

#2 John Ficenec: “In the US, Professor Robert Shiller’s cyclically adjusted price earnings ratio – or Shiller CAPE – for the S&P 500 is currently at 27.2, some 64pc above the historic average of 16.6. On only three occasions since 1882 has it been higher – in 1929, 2000 and 2007.”

#3 Ambrose Evans-Pritchard, one of the most respected economic journalists on the entire planet: “The eurozone will be in deflation by February, forlornly trying to ignite its damp wood by rubbing stones. Real interest rates will ratchet higher. The debt load will continue to rise at a faster pace than nominal GDP across Club Med. The region will sink deeper into a compound interest trap.”

#4 The Jerome Levy Forecasting Center, which correctly predicted the bursting of the subprime mortgage bubble in 2007: “Clearly the direction of most of the recent global economic news suggests movement toward a 2015 downturn.”

#5 Paul Craig Roberts: “At any time the Western house of cards could collapse. It (the financial system) is a house of cards. There are no economic fundamentals that support stock prices — the Dow Jones. There are no economic fundamentals that support the strong dollar…”

#6 David Tice: “I have the same kind of feel in ’98 and ’99; also ’05 and ’06. This is going to end badly. I have every confidence in the world.”

#7 Liz Capo McCormick and Susanne Walker: “Get ready for a disastrous year for U.S. government bonds. That’s the message forecasters on Wall Street are sending.”

#8 Phoenix Capital Research: “Just about everything will be hit as well. Most of the ‘recovery’ of the last five years has been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more ‘risk assets’ (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a standalone story.

If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system.”

#9 Rob Kirby: “What this breakdown in the crude oil price is going to spawn another financial crisis. It will be tied to the junk debt that has been issued to finance the shale oil plays in North America. It is reported to be in the area of half a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world. When these bonds start to fail, they will jeopardize the future of these financial institutions. I do believe that will be the signal for the Fed to come riding to the rescue with QE4. I also think QE4 is likely going to be accompanied by bank bail-ins because we all know all western world countries have adopted bail-in legislation in their most recent budgets. The financial elites are engineering the excuse for their next round of money printing . . . and they will be confiscating money out of savings accounts and pension accounts. That’s what I think is coming in the very near future.”

#10 John Ing: “The 2008 collapse was just a dress rehearsal compared to what the world is going to face this time around. This time we have governments which are even more highly leveraged than the private sector was.

So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in 2008.”

#11 Gerald Celente: “What does the word confidence mean? Break it down. In this case confidence = con men and con game. That’s all it is. So people will lose confidence in the con men because they have already shown their cards. It’s a Ponzi scheme. So the con game is running out and they don’t have any more cards to play.

What are they going to do? They can’t raise interest rates. We saw what happened in the beginning of December when the equity markets started to unravel. So it will be a loss of confidence in the con game and the con game is soon coming to an end. That is when you are going to see panic on Wall Street and around the world.”

If you have been following my website, you know that I have been pointing to 2015 for quite some time now.

For example, in my article entitled “The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About“, I discussed the pattern of financial crashes that we have witnessed every seven years that goes all the way back to the Great Depression. The last two major stock market crashes began in 2001 and 2008, and now here we are seven years later.

Will the same pattern hold up once again?

In addition, there are many other economic cycles that seem to indicate that we are due for a major economic downturn. I discussed quite a few of these theories in my article entitled “If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States“.

But just like in 2000 and 2007, there are a whole host of doubters that are fully convinced that the party can continue indefinitely. Even though our economic fundamentals continue to get worse, our debt levels continue to grow and every objective measurement shows that Wall Street is more reckless and more vulnerable to collapse than ever before, they mock the idea that a financial collapse is imminent.

So let’s see what happens in 2015.

I have a feeling that it is going to be an extremely “interesting” year.

Economic Collapse

"Osiris Tomb" The Egyptian God Of The Dead Revealed

A Spanish-Italian archaeological team, in cooperation with the Egyptian Ministry of Antiquities, has made an incredible discovery in the necropolis of Sheikh Abd el-Qurna, on the West Bank at Thebes, Egypt – an enormous ancient reproduction of the mythical Tomb of Osiris as described by Egyptian legend, complete with multiple shafts and chambers. Inside the tomb complex, researchers found a carving of Osiris and a room with a wall relief depicting a demon holding knives. 

Entrance to the funerary complex of Osiris. Photo credit: MinProject (Archaeological Mission Canaria-Toscana). According to the Spanish news agency EFE, the tomb embodies all the features of the tomb of Osiris, as told in ancient Egyptian legends, and is a smaller version of the design of the Osireion, built under Egyptian pharaoh Seti I in the city of Abydos, Luxor. Researchers believe the tomb complex dates back to the 25th dynasty (760 - 656 BC) or 26th dynasty (672 - 525 BC), based on a comparison to similar tombs that contain Osirian elements. The complex consists of a large hall supported by five pillars. RTVE describes the structure as having a staircase from the north wall of the main room, leading down to the funerary complex, where there is a carving of Osiris, god of the dead, in the middle of a central vaulted temple. 

To the west of the central temple is a funerary room with the reliefs of demons holding knives. The leader of the Spanish-Italian team that uncovered the tomb, Dr. María Milagros Álvarez Sosa, told EFE that the demons are there to protect the body of the deceased. Opposite the statue of Osiris is a staircase with a 29.5 foot (9 meter) shaft leading to another chamber. Inside this chamber is a second shaft that descends 19.6 feet (6 meters) into two more rooms, which are currently full of debris.

Inside the replica of the tomb dedicated to the god Osiris

 “The symbolism of Osiris is very evident here, since all the elements recalling the mythical Osiris tomb are present,” writes Luxor Times Magazine, “a big staircase of 3.5 meter long with a 4 meter high ceiling at the bottom leading to the Netherworld and another one leading directly to the Osiris statue, which is therefore at a higher level and ideally isolated on ‘his island’; the Osiris statue itself; the empty corridor surrounding it which symbolizes the channel of water (see Osireion in Abydos); the expected burial chamber below the statue, thus identifying the deceased with Osiris.” Sketch showing the outline of the tomb of Osiris. Drawing of the tomb's architecture made by Raffaella Carrera, MinProject (Archaeological Mission Canaria-Toscana). 

Part of the tomb was initially discovered by archaeologist Philippe Virey in the 1880s and some attempts were made to sketch out the main structure in the 20th century. However, it was not until recently that the full extent of the structure was discovered through excavations. 

Sketch showing the outline of the tomb of Osiris

The funerary complex will continue to be explored and the chambers cleared of debris in the Autumn of this year. Alvarez Sosa told EFE that the tomb is of "great importance" because “the burial chambers contain dead who slept their eternal sleep under the god of the dead, Osiris". According to Egyptian mythology, Osiris, god of the underworld, was killed by Set, god of storms, disorder and violence, who shut Osiris in a coffin and threw it in the Nile river.

 After his body was recovered by Isis, Set tore his body into pieces and threw them back into the river. Isis collected all the pieces and bandaged the body together. This form of Osiris traveled to the underworld in a boat and became god of the dead. The only body part Isis could not locate was the phallus, as it had been eaten by catfish. Isis created a golden phallus and briefly brought Osiris back to life with a spell, which gave her enough time to become pregnant by Osiris before he returned to death. Isis later gave birth to Horus, who became seen as a representation of new beginnings and the destroyer of the evil Set. -

Credit to Ancient-origins.net

See more at: http://www.ancient-origins.net/news-history-archaeology/archeologists-discover-mythical-tomb-osiris-god-dead-egypt-002525#sthash.rldq2pDz.dpuf

74 percent of Russians have negative feelings towards the USA

“If you see 10 troubles coming down the road, you can be sure that nine will run into the ditch before they reach you,” said Calvin Coolidge, whose portrait hung in the Cabinet Room of the Reagan White House.

Among the dispositions shared by the two conservatives was a determination to stay out of other people’s wars.

Peering into 2015, there are wars into which our interventionists are eager to plunge that represent no immediate or grave threat to us.

One is the war the Islamic State group is waging in Syria and Iraq, a menace so great, we are told, it may require U.S. ground troops.

But why? Syria and Iraq are 5,000 miles away. And because of its barbarism and incompetence, the Islamic State is losing support in the Sunni lands it now occupies.

The Kurds have halted the group’s advance toward Irbil, Iraq. Shiite militias, no friends of ours, have halted its advance toward Baghdad. The Islamic State is under steady drone and air attack by the U.S. and Arab allies. Iran is providing men and materiel to Damascus and Baghdad in their battle against the group.

Now the Turks and Gulf Arabs, including the Saudis, appear to have awakened to the threat and are weighing in against the Islamic State.

Why not let them do the fighting?

By staying out of the two world wars of the 20th century until the other great powers were fully engaged and horribly bled, America emerged triumphant with the fewest casualties and least damage.

That used to be called statesmanship.

Moreover, compared with Nazi Germany, imperial Japan, Stalin’s USSR and Mao’s China, the Islamic State doesn’t even make the “JV,” to use Barack Obama’s term.

Last month, the drums were beating for an attack on North Korea for what Sen. John McCain called a “new form of warfare” and what Sen. Lindsey Graham called “cyberterrorism” aided by China.

In “A Reply to Kim’s Cyberterrorism,” The Wall Street Journal urged a “forceful response” to deter “future attacks.” Swiftly, there followed the crashing of North Korea’s Internet system.

Query: If reports are true that Sony Pictures was hacked by ticked-off ex-employees yet North Korea’s Internet was brought down by a U.S. cyberattack, who is the cyberterrorist now?

Perhaps some of those Iranian technicians in Natanz who watched their centrifuges breaking down and blowing up from the Stuxnet virus have some thoughts on this.
But the most determined push for war in 2015 will come from neocons and interventionists who want a U.S.-Putin confrontation and regime change in Russia.

And as Russia has a nuclear arsenal to match our own, this is a matter of real gravity.

Because of U.S.-EU sanctions on Russia for its role in Ukraine and the collapse in the price of oil, Russia’s principal export, the ruble has lost half its value, and the economy faces a contraction of 5 percent in 2015.

Real hardships lie ahead for the Russian people. But it seems they are not blaming Vladimir Putin for their troubles. They are blaming us.

“According to the respected Moscow ‘Levada Center,’ which measures political sentiment in Russian society,” the New York Observer reports, “74 percent of Russians have negative feelings towards the USA. … In the 1990s, 80 percent had positive attitude toward America.

“Currently, 76 percent of Russians hate Obama personally and only a meager 2 percent like him. … These are the maximum peaks of anti-American feelings in Russia in years. … Just last week Visa and MasterCard completely stopped their operations in Crimea, leaving more than 2 million people there without access to their money.”

One Moscow supermarket is using American flags as doormats, and customers are wiping their feet on them.

Before going home, Congress voted to levy new sanctions on Russia and authorized U.S. lethal weapons to be sent to Kiev to enable Ukraine to retake Luhansk and Donetsk and perhaps Crimea.

Obama signed the bill.

Credit to Common Sense

Culture of Death Leading to WWIII?

WASHINGTON -- Some people believe mankind is progressing - growing wiser, getting better. But the authors of The Race to Save Our Century point out the last 100 years were the deadliest in recorded history, and the next century may be even deadlier.

Co-authors John Zmirak and Jason Jones lay out the reasons that genocide and total war, eugenics and totalitarianism were able to triumph over the principles of humane civilization in the 20th century.

Slaughtered 133 Mllion Citizens

"Poison gas, concentration camps: nobody in 1913 - the era of Sherlock Holmes - would have imagined the evils of the 20th century. But there were reasons they came about," Zmirak told CBN News.

"And they came about because modern secular philosophy had undermined the core principles of the moral law that the Judeo-Christian civilization had relied upon for centuries," he said.

That allowed a culture of death to flourish, and a century where governments committed mass "democide" and murdered 133.1 million of their own citizens.

Americans who think their country is too civilized to commit such barbarism may want to consider how average folks all around them have killed more than 56 million of America's most vulnerable citizens through abortion.

"Abortion I would say is the rock foundation of the culture of death," Jones said.

Jones asserts that violence in the womb cannot help but spread out beyond the womb.

Your Children Will Die in the Camps?

"If we don't see full legal protection for the human person from the moment of biological beginning through natural death, you can expect your children or grandchildren to die in the gulag, to die in the concentration camp," Jones said

Jones doesn't believe this just because of his study of history. He feels it deeply in his bones, because for Jones, this is incredibly personal.

As he put it to CBN News, his life didn't bring him to the abortion issue; the abortion issue invaded his life.

It started two days before his seventeenth birthday with a visit from his high school sweetheart.

"She came over to my house and woke me up with the words, 'I'm pregnant,'" Jones said.

They then came up with a secret plot: in two days, Jones would join the Army and soon be supporting their little family.

But then while he was at basic training, his girlfriend called him, weeping uncontrollably before her dad grabbed the phone away.

"And then her father said, 'We know your secret now and you can come home. It's gone. We took Katie to get an abortion,'" he recalled.

'He Killed My Baby!'

Jones went wild and screamed at his commanding officer.

"Call the police. Call the police. He killed my baby!" Jones recalled yelling.

But Jones said the captain replied, "'Private, why would I call the police? Don't you know that abortion is legal?' And, you know, I didn't."

That same day, the young Army enlistee made a pledge to his girlfriend that has steered his entire life.

Jones recalled saying to her, "'Katie, I promise you for my child, that if it takes me the rest of my life, I'm going to end abortion in America.'"

And that is what he's been working for since, producing and promoting pro-life movies like "Bella" and "Crescendo" and writing books like this one.

Jones and Zmirak believe the culture of death that allows abortion is the same one that leads to genocide, ethnic cleansing, and governments murdering their own citizens.

But before that culture of death overwhelmed the world 100 years ago, Zmirak said most mankind believed like people today that civilization was on an upward trajectory.

One Assassination Led to Two World Wars

"A hundred years ago, the world was at peace. In western Europe you didn't need a passport to go from country to country. There was vast technological progress," Zmirak explained.

"Everyone thought that the 20th century would be an era of peace, progress, international tranquility, and wealth. Then one archduke got shot in Austria and 20 million people died," he continued. "And then 20 years later that war laid the groundwork for another war in which 60 million people died."

Jones believes humanity could be headed down the same path now.

"From Ebola to the border crisis to Russia invading Ukraine to the war in Israel to the ethnic cleansing of Christians across the Middle East, we see the same things happening today in our world that were happening 100 years ago with the Bolshevik Revolution, the Armenian genocide, and World War I," he warned.

In The Race to Save Our Century, these gentlemen propose several core principles they believe can save the world from a vast, bloody re-run.

"And there are five core principles that we think anyone, any rational good-hearted person of good will could accept," Zmirak said. "And they really correspond with the natural law that Saint Paul said is written on the human heart."

Acknowledging a Universal Law

One of those principles is acknowledging there is a natural, God-given law, or as Zmirak put it, "the existence of a transcendent moral order that is higher than any secular law, which can tell you that segregation or abortion or apartheid is intrinsically evil regardless of what the Supreme Court or the dictator or the secret police says."

Zmirak and Jones declare the U.S. Supreme Court basically threw out this transcendent moral order and made man the ultimate authority when it said in a 1992 abortion case it was up to each human to decide what is life and death.

The Court wrote in Planned Parenthood of Southeastern Pennsylvania vs. Casey: "At the heart of liberty is the right to define one's own concept of existence, of meaning, of the universe and of the mystery of human life."

So much for godly authority. If you decide a human is not a human, then they're not.

That leads to the need for this next core principle: accepting the infinite dignity and worth of each human person.

"We must reaffirm the founding truth of humanism - that every human being is important, unique, and dignified," the authors say in the book. "He or she deserves the same reverence we demand for ourselves."

"We see the rise of this beautiful civilization that we inherited," Jones said, looking across history over the last two millennia. "But with the denial of the incomparable dignity of the human person, we will see everything that we take for granted disappear."

'The Wiper of Every Runny Nose'

Among the other core principles to save humanity - and liberty - is trying to get back to small, decentralized government that's close, responsive, and accountable to its citizens -- not the kind of government that butts into everyone's lives, tries to solve every problem, and meet every need.

Zmirak characterized such government as "The wiper of every runny nose."

"Because when the government grows and steps into those roles, it invariably exerts control over people, and then you don't have a free society anymore," he said.

In the last century, vicious dictators like China's Mao Tse-Tung and the Soviet Union's Josef Stalin could squash the freedom of hundreds of millions and slaughter tens of millions. But the hi-tech world ahead will allow future tyrants close to total, computer-controlled domination of their citizens.

And it will give future warriors weapons that could actually exterminate all mankind.

"The next world war is going to be much shorter and immensely more violent. It's unimaginable," Jones stated. "To think of World War III is actually unimaginable."

That's why Jones and Zmirak say we so desperately need a Race to Save Our Century.

Credit to CBN

NBC Prediction That We Will All Have an RFID Chip by 2017

Russia's "Startling" Proposal To Europe: Dump The US, Join The Eurasian Economic Union

Slowly but surely Europe is figuring out that as a result of the western economic and financial blockade of Russian, it is Europe itself that is suffering the most. And while Germany was first to acknowledge this late in 2014 when its economy swooned and is now on the verge of a recession, now others are catching on. Case in point: the former head of the European Commission, and Italy’s former Prime Minister, Romano Prodi who told Messaggero newspaper that the "weaker Russian economy is extremely unprofitable for Italy."
Lowered prices in the international energy markets have positive aspects for the Italian consumers, who pay less for the fuel, but the effect will be only short-term. In the long-term however the weaker economic situation in countries producing energy resources, caused by lower oil and gas prices, mostly in Russia, is extremely unprofitable for Italy, he said.

The lowering of the oil and gas prices in combination with the sanctions, pushed by the Ukrainian crisis, will drop the Russian GPD by five percent per annum, and thus it will cause cutting of the Italian export by about 50%,” Prodi said.

“Setting aside the uselessness or imminence of the sanctions, one should highlight a clear skew: regardless of the rouble rate against dollar, which is lower by almost a half, the American export to Russia is growing, while the export from Europe is shrinking.”
In other words, just as slowly, the world is starting to grasp the bottom line: it is not the financial exposure to Russia, or the threat of financial contagion should Russia suffer a major recession or worse: it is something far simpler that will lead to the biggest harm for Europe's countries. The lack of trade. Because while central banks can monetize everything, leading to an unprecedented asset bubble which if only for the time being boosts investor and consumer confidence, they can't print trade - that all important driver of growth in a globalized world long before central banks were set to monetize over $1 trillion in bonds each and every year to mask the fact that the world is deep in a global depression.
Which is why we read the following report written in yesterday'sDeutsche Wirtschafts Nachrichten with great interest because it goes right to the bottom line. In it Russia has a not so modest proposal to Europe: dump trade with the US, whose call for Russian "costs" has cost you another year of declining economic growth, and instead join the Eurasian Economic Union! From the source:
Russia has presented a startling proposal to overcome the tensions with the EU: The EU should renounce the free trade agreement with the United States TTIP and enter into a partnership with the newly established Eurasian Economic Union instead. A free trade zone with the neighbors would make more sense than a deal with the US.
It surely would, but then how will Europe feign outrage when the NSA is found to have spied yet again on its "closest trading partners?" Some more on Russia's proposal from EUobserver:
Vladimir Chizhov told EUobserver: “Our idea is to start official contacts between the EU and the EAEU as soon as possible. [German] chancellor Angela Merkel talked about this not long ago. The EU sanctions [on Russia] are not a hindrance”.

“I think that common sense advises us to explore the possibility of establishing a common economic space in the Eurasian region, including the focus countries of the Eastern Partnership [an EU policy on closer ties with Armenia, Azerbaijan, Belarus, Georgia, Moldova, and Ukraine]".

"We might think of a free trade zone encompassing all of the interested parties in Eurasia”.

He described the new Russia-led bloc as a better partner for the EU than the US, with a dig at health standards in the US food industry.

“Do you believe it is wise to spend so much political energy on a free trade zone with the USA while you have more natural partners at your side, closer to home? We don’t even chlorinate our chickens”, the ambassador said.

The treaty establishing the Eurasian Union entered into life on Thursday (1 January).

It includes Armenia, Belarus, Kazakhstan, and Russia, with Kyrgyzstan to join in May.

Modelled on the EU, it has a Moscow-based executive body, the Eurasian Economic Commission, and a political body, the Supreme Eurasian Economic Council, where member states’ leaders take decisions by unanimity.

It has free movement of workers and a single market for construction, retail, and tourism. Over the next 10 years, it aims to create a court in Minsk, a financial regulator in Astana and, possibly, to open Eurasian Economic Commission offices in Astana, Bishkek, Minsk, and Yerevan.

It also aims to launch free movement of capital, goods, and services, and to extend its single market to 40 other sectors, with pharmaceuticals next in line in 2016.
And as a reminder: The Eurasian Economic Union, a trade bloc of former Soviet states, expanded to four nations Friday when Armenia formally joined, a day after the union between Russia, Belarus and Kazakhstan began.
So the ball is in your court, Europe: will it be a triple-dip (and soon thereafter quadruple: see Japan) recession as your Goldman-controlled central bank plunders ever more of what little is left of middle-class wealth with promises that this year - for real is when it all turns around, or will Europe acknowledge it has had enough and shifts its strategic, and trade, focus from west (speaking of the TTIP, Germany's agriculture minister just said "We can't protect every sausage" referring to the TTIP) to east?
Considering just whose interests are represented by the unelected bureaucrats in Brussels, we won't be holding our breath.
Credit to Zero Hedge

Financial Meltdown and Confiscation of Your Money