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Greece Exit, Euro-Zone Collapse, Spain And Portugal Will Follow Within 6 Months
The Market Oracle – “… All of the weak euro-zone countries are waking up to the fact that they have been in a state of denial because they are NOT Germany they cannot compete against Germany and therefore are only delaying the inevitable by remaining in a currency union with Germany that ensures their economies are also in a state of slow motion death spiral of economic collapse. In which respect they are in fact making the economic pain of their populations far worse as a consequence of dragging out economic collapse over many years rather than months as would have been the case had they had their own currencies and money printing presses such as that deployed by the UK that has successfully used smoke and mirrors inflation to mask the truth that Britain is in a far worse state in terms if indebtedness than most of the euro-zone countries.
Greece exiting the Euro-zone would crash the banking system as banks across the euro-zone start to fail domino style as a consequence of their direct exposure to 400 billion of Greek debt and counterparty risks which will put immediate pressure on all of the other weak Euro-zone members, with Spain and Portugal the next targets for exit as a consequence of these countries being on the same unserviceable debt fuelled economic collapse trajectories as Greece. In my opinion Spain and Portugal will both exit the Euro-zone within 6 months of Greece leaving so depending on the timing of Greece’s exit Spain and Portugal could also both leave the the eurozone this year…
The wild card is Germany for as I originally speculated over 2 years ago (May 2010). Germany may decide to alleviate pressure on the rest Eurozone by planning its own exit. However all this would amount to a desperate belated attempt to buy more time to slow down the rate of collapse of the Euro-zone so as to allow the financial system to better survive a breakup of the whole eurozone.” Read more.
Here’s How The Whole Eurozone Could Unravel In Just A Matter Of Months – “Paul Krugman has a gloomy post this evening explaining how quickly the whole Euro could unravel. It basically goes like this: Greece leaves the euro ‘very possibly next month.’ That would lead to a massive run on Italian and Spanish banks. There would be massive borrowing from the ECB to prevent a banking collapse. At which point Germany has to decide: Shoulder a major burden for the debts of Spain/Italy, etc., or let it all go. He concludes: ‘And we’re talking about months, not years, for this to play out.’ – Read more.
Egypt: Muslim Brotherhood Presidential Candidate Declares ‘Death In The Name Of Allah Is Our Goal’
Proverbs 8:35-36, “For he who finds Me finds life And obtains favor from the LORD. But he who sins against Me injures himself. All those who hate Me love death.”
Yes, this is the same Muslim Brotherhood that officially endorsed Barack Obama’s own chosen “faith adviser.” If this death-loving candidate wasn’t what the Obama Administration had in mind when they said they were perfectly satisfied with a Muslim Brotherhood win in Egypt, then what on earth were they expecting? …

“Egypt’s Constitution should be based on the Koran and Sharia law, presidential candidate from the Muslim Brotherhood Islamist movement Mohamed Morsi said.
‘The Koran is our constitution, the Prophet is our leader, jihad is our path and death in the name of Allah is our goal,’ Morsi said in his election speech before Cairo University students on Saturday night.
Today Egypt is close as never before to the triumph of Islam at all the state levels, he said.
‘Today we can establish Sharia law because our nation will acquire well-being only with Islam and Sharia. The Muslim Brothers and the Freedom and Justice Party will be the conductors of these goals,’ he said.
The Muslim Brotherhood Islamist group has been banned in Egypt for decades before being legalized following the ouster of President Hosni Mubarak in last year’s popular uprising, and has since emerged as a powerful political force.
The first round of Egypt’s presidential election is scheduled for May 23-24. The presidential campaign starts on April 30 and finishes at midnight on May 21.
The president will be elected for a four-year term.” Source – The Voice of Russia.
Flashback: ‘A Serious Intellectual Failing’: Obama Embraces Islam – If Islamism Is OK For Egypt, Why Not America? – “The Obama administration is doing its utmost to promote the fortunes of the Islamist parties in Egypt. A State Department official declared that with the rise of these radical groups after the Arab Spring, ‘people who once might have gone into al Qaeda see an opportunity for a legitimate Islamism.’ They see this as a victory. The problem is, so do the terrorists. Last year, the White House began peddling the line that the uprisings in the Middle East were a repudiation of the al Qaeda model of seeking change through terrorism. The argument was that while America opposed violent extremism, the rise of nonviolent radical movements was just fine, and even commendable.” Read more.
Nigeria: Seven Killed In Christian Village After Suspected Islamists Set Fire To Home, Shoot Those Running Outside To Flee The Flames
By Areeb Hasni, The News Tribe – “Abuja: At least seven people were brutally killed in central Nigeria when gunmen set fire to a home in a Christian village, violently divided by faith, and shot those who ran outside to flee the flames, media reported on Thursday.
According to reports the killings that took place late Wednesday night happened in the village of Tahoss, said Mark Lipdo, who runs a Christian advocacy group known as the Stefanos Foundation.
Lipdo said that the gunmen, suspected to be from the Muslim Fulani herdsmen who roam the pasturelands of the plateau, targeted one specific family in their attack.
Local police spokesman Samuel Dabai said that he visited Tahoss and saw the corpses. Dabai said police had begun an investigation into the attack.
The attack represents the latest killings spiraling out of unrest between Christians and Muslims living around the city of Jos, an area that has seen thousands killed in the last decade in fighting. That violence continues to go further and further out into rural villages, a potential sign that killings could again rage out of control.” Read more.
US Officials Said To Be Fearful Of Looming Israeli Strike On Iran
By Ron Friedman, Times of Israel – “US officials fear the unity government established earlier this week signals an impending Israeli attack on Iran, Channel 10 News reported Thursday evening.
According to the report, officials are holding marathon talks in Washington out of concern that an Israeli attack on Iran’s nuclear program may take place before the US presidential elections in November.
Undisclosed Washington sources told Channel 10 that they worry Kadima was offered a place in the coalition to shore up support for a preemptive attack aimed at halting the Islamic Republic’s nuclear drive, and that Kadima chairman Shaul Mofaz would approve of such an attack.
The report added that the US officials believe early Israeli elections would have kept the F-15s at bay, but are now genuinely concerned that with political backing, there is little to stop Prime Minister Benjamin Netanyahu from ordering the attack.
In a joint press conference held Tuesday, Netanyahu and Kadima leader Shaul Mofaz said they saw eye-to eye on a slew of issues, including Iran. In the past Mofaz has been a vocal critic of the notion of Israel striking Iran’s nuclear sites on its own, but Netanyahu and Defense Minister Ehud Barak are both believed to favor an early strike.
Having gone to sleep with expectations of September elections, Israelis woke up to a new political reality Tuesday morning, learning that overnight, Netanyahu and Mofaz signed a deal to form a unity government.” Read more.
Israeli Air Force Chief: We’re Ready For Anything – “Maj.-Gen. Amir Eshel officially took office as Israel’s new Air Force commander Thursday. Eshel will replace Major-General Ido Nehushtan, who is retiring from IDF service after 37 years. IDF Chief of Staff Lt.-Gen Benny Gantz thanked Nehushtan for his service and welcomed Eshel into office: ‘We have the best air force in the world. It shoulders a strategic and significant responsibility,’ he said… ‘Commander Nehushtan is leaving us with a powerful, quality air force, which is facing significant challenges. We are ready for whatever mission we [may] be called for,’ Eshel stated.” Read more.
Israel’s new submarines geared at tackling rising Mideast threats, from the sea – “With all the attention in recent days given to short-term political developments, an event with long-term implications for regional strategic balance almost escaped serious attention. Last Thursday, the high command of the Israeli Navy took part in the delivery ceremony of INS Tanin, Israel’s fourth Dolphin submarine, at Howaldtswerke-Deutsche Werft shipyard in Kiel, Germany. Most of the foreign media reports tend to focus on the rumored special tubes which may also be used by nuclear-tipped missiles. This was the focus of Gunter Grass’ poem on Israel’s dark plans to annihilate the Iranian population. But the real significance of the new submarines Israel is receiving from Germany, three in all, is the huge boost it will give to Israel’s long-range strategic capabilities.” Read more.
‘Epidemic’: Washington State Health Officials Now Seeking Help From CDC As Cases Of Whooping Cough Soars
Here’s an update on this story reported last week …
By Associated Press – “SEATTLE — Washington state’s worst outbreak of whooping cough in decades has prompted health officials to declare an epidemic, seek help from federal experts and urge residents to get vaccinated amid worry that cases of the highly contagious disease could spike much higher.
It’s the first state to declare a whooping cough, or pertussis, epidemic since 2010, when California had more than 9,000 cases, including 10 deaths. Washington has had 10 times the cases reported in 2011, and so has Wisconsin with nearly 2,000 cases this year, though that state has not declared an epidemic.
California responded to its crisis two years ago with a public information campaign, readily available vaccines and a new law requiring a booster shot for middle- and high-school students. Doctors were urged to spot whooping cough early, send infected babies to the hospital and promptly treat those diagnosed. In 2011, the number of cases there dropped significantly.
In Washington, about 1,280 cases have been reported in 2012, and officials believe the state could see as many as 3,000 cases by year’s end. Health Secretary Mary Selecky declared the epidemic April 3, and since then officials have bought up the vaccine and made it available for free for people who don’t have insurance.
State officials have asked hospitals to vaccinate every adult who goes home with a new baby, and urged businesses to encourage their employees to get the adult booster shot. Washington already requires a booster shot for middle- and high-school students.” Read more.
Egypt: Christian Father Fights For Daughter Abducted By Islamists, ‘Become A Muslim And We’ll Spare Your Life’
“Washington, D.C. May 8 (ICC) – “‘We don’t know if our daughter is still alive,’ Magda told ICC during a recent visit to Egypt. ‘We haven’t seen or heard from her in five years… Her kidnapper called us and said she was dead and buried.’
Mary disappeared in June 2007, but to her mother, Magda, it feels like only yesterday that she was sleeping peacefully in her own bed under the loving care of her parents. For those who lose a child, as Magda had, the pain never goes away.
‘There were no warning signs. There was nothing we could do, but the guilt doesn’t go away. If only we could have known [what would happen],’ Magda explained while fighting back tears.
The abduction took place on an ordinary Thursday evening. After school, Mary went out with friends for pizza and a movie. While sipping cocoa at a restaurant, Mary began to feel dizzy and sick. ‘You go ahead and go home,’ said Nahla, a Muslim girl. ‘The rest of us want to go to the cinema.’ Nahla was new to Mary’s group of friends; they had only known her a few weeks.
Mary left the group to catch a bus home alone. This was the last time her friends would see her. No one knows what happened next, but Mary was gone.
Mary’s friends and parents believe Nahla had something to do with it; perhaps she was an accomplice to Mary’s abductors who put drugs in Mary’s drink. Although this suspicion has yet to be confirmed, after Mary’s disappearance, Nahla was nowhere to be found.
Mary’s parents stayed up throughout the night waiting anxiously for their daughter’s return. Mary’s father filed a report at the police station the next morning. He stayed at the station the entire day, determined to see that an investigation was being carried out. Late that afternoon, the police told him they had found his daughter.
Mary was escorted along with several other women into the station by four men in Islamic dress with long beards. The men were Salafis, a group that follows the strict doctrine of Wahhabi Islam from Saudi Arabia. Mary was covered head to toe in a burka. ‘[My husband] recognized her by her shoes,’ Magda told ICC.
Two armed policemen stood by, watching the father’s every move. When he called Mary by name, a Muslim man hit her in the face. There was no answer.
Then he tried to grab his daughter, but she was quickly taken away by the police. The father yelled after her while struggling desperately to free himself from the grip of the police officers who were holding him down. It was no use. Mary was forced in the back of a van and driven away.
‘I went back to the police station that night with my son,’ Magda said. ‘They cursed us and humiliated us. They treated us very badly.’
The parents soon began receiving threatening e-mails and phone calls. ‘Become a Muslim and we’ll spare your life,’ one caller said. ‘Pay a £6,000 ransom or your daughter is dead,’ said another. One caller told Magda that Mary had been killed and buried.
‘Look at me. I’m dying inside,’ Mary’s father told BBC. ‘Jesus Christ gave me my daughter. He gave her to me, not to them.'” Read more.
Flashback: Number of Christian girls abducted and coerced into Islam has skyrocketed – “The number of Christian girls abducted and coerced into converting to Islam since the Egyptian ‘January 25 Revolution’ has skyrocketed, according to Father Filopateer Gamil of St. Mary’s Church in Giza. ‘More than two to three girls disappear everyday in Giza alone,’ he said. ‘The cases that are brought to public attention are few compared to what the numbers actually are.’ Many Christians blame the military council for not intervening to put an end to this problem, which has escalated after the Revolution because of the ’emergence of Muslim Salafists,’ says activist Mark Ebeid, ‘who believe strongly that converting a Christian Infidel is in some ways like earning a ticket to paradise — not to mention the earthly remuneration they get from the Saudis.'” Read more.
‘Jihad! Jihad!’: The New Face Of Egypt’s Political Landscape
By Raymond Ibrahim, Frontpagemag.com – “Considering Egypt’s presidential elections take place later this month, last weekend’s Islamist clash with the military could not have come at a worse time.
First, the story: due to overall impatience—and rage that the Salafi presidential candidate, Abu Ismail, was disqualified (several secular candidates were also disqualified)—emboldened Islamists began to gather around the Defense Ministry in Abbassia, Cairo, late last week, chanting jihadi slogans, and preparing for a ‘million man’ protest for Friday, May 4th.
As Egypt’s Al Ahram put it, ‘Major Egyptian Islamist parties and groups—including the Muslim Brotherhood, the Salafist Calling and Al-Gamaa Al-Islamiya—have issued calls for a Tahrir Square demonstration on Friday under the banner of ‘Saving the revolution.’ … Several non-Islamist revolutionary groups, meanwhile, have expressed their refusal to participate in the event.’ In other words, last Friday was largely an Islamist protest (even though some in the Western media still portray it as a ‘general’ demonstration).
There, in front of the Defense Ministry, the Islamists exposed their true face—exposed their hunger for power, their unpatriotic motivations, and their political ineptitude. For starters, among those leading the protests was none other than Muhammad al-Zawahiri, a brother of al-Qaeda leader Ayman al-Zawahiri, and a seasoned jihadi in his own right, who was only recently acquitted and released from prison, where, since 1998, he was incarcerated ‘on charges of undergoing military training in Albania and planning military operations in Egypt.’
Before the Friday protest, Zawahiri appeared ‘at the head of hundreds of protesters,’ including ‘dozens of jihadis,’ demonstrating in front of the Defense Ministry.’ They waved banners that read, ‘Victory or Death’ and chanted ‘Jihad! Jihad!’—all punctuated by cries of ‘Allahu Akbar!’ Likewise, Al-Gamaa Al-Islamiya—the group responsible for slaughtering some 60 European tourists in the 1997 Luxor Massacre—was at the protests. Even the so-called ‘moderate’ Muslim Brotherhood participated.
Two lessons emerge here: 1) an Islamist is an Islamist is an Islamist: when it comes down to ideology, they are one; 2) Violence and more calls to jihad are the fruits of clemency—the thanks Egypt’s Supreme Council of Armed Forces (SCAF) gets for releasing such Islamists imprisoned during ousted President Hosni Mubarak’s tenure.” Read more.
Lebanon: Daughter Of Shiite Cleric Physically And Psychologically Tortured For Converting To Christianity
“A Lebanese priest who baptized a Muslim woman has been kidnapped and released.
The daughter of a Shiite cleric ‘said she was physically and psychologically tortured by her father for converting to Christianity three years ago, although she is a 24-year-old adult,’ said Maronite Catholic Bishop Simon Atallah of Baalbek. ‘I have received an unconfirmed report that she had recently fled to an unknown destination after her father forced her to marry someone.’
The kidnappers thought that Father Walid Gharious knew the woman’s whereabouts and later released him. The nation’s president condemned the kidnapping.
According to the prelate, the kidnapped is part of an escalating pattern of violence against local Catholics.
‘Last Wednesday, unknown assailants fired gunshots at the house of a priest from the Kairouz family in the town of Nabha, and a similar incident occurred on Sunday before the start of the municipal elections, when shots were fired at the Our Lady Church in Nabha,’ he said.” Source – Catholic Culture.
UK: Child Sex Ring Taken Down, 9 Muslim Men Given 77-Year Prison Sentence For Raping And Abusing 47 Girls, 40 More Men Remain At Large
Revelation 9:21, “And they did not repent of their murders … or their sexual immorality …”
By James Tozer and Nazia Parveen – “Detectives who brought down a child sex grooming ring are poised to make more arrests – as the hunt continues for more than 40 other suspected members of the gang.
Nine Asian men were yesterday jailed for a total of 77 years for raping and abusing up to 47 girls – some as young as 13 – after plying them with alcohol and luring them to takeaways.
Now police have identified four more suspects alleged to have abused the young witness whose evidence helped secure convictions at the end of the 11-week trial.
But many more remain at large as officers try to establish the real identities of men referred to in court only by nicknames such as Goofy, Ray, Juicy, Arfan, Ali, Manni, Mamma, Pino and Arfan.
The suspected abusers have proved difficult to track down and it is feared some of them have already fled the country.
But police in Greater Manchester have managed to identify four men accused of sexually abusing the main witness at a ‘sex party’ in 2008.
Detectives believe at least one may be in Pakistan. They expect to make arrests in the next few days but are not planning to extend the investigation abroad.
The trial heard that the men – who are all from Pakistan, apart from one who is from Afghanistan – groomed and ‘shared’ the young white girls because they were vulnerable.
Assistant Chief Constable Steve Heywood, of Greater Manchester Police said: ‘It is not a racial issue. This is about adults preying on vulnerable young children. It just happens that in this particular area and time the demographics were that these were Asian men.’
However, the gang’s ringleader yesterday branded the judge a ‘racist b******’ after he and eight other men were jailed.
The extraordinary outburst came after Judge Gerald Clinton accused the gang of targeting white girls because they were not part of their ‘community or religion’.” Read more.
Flashback: British Woman Gang Raped by Five Afghan ‘Refugees’, Europe Continues to Suffer From Muslim Gang Rape Epidemic – “The brutal gang rape of a British woman by five Afghan refugees has sparked a massive protest against illegal immigrants in a Serbian spa town. The 38-year-old woman – who bravely managed to film the attack on her mobile phone – was repeatedly raped after befriending a group of Afghan men in a park in Banja Koviljaca… ‘These people are always hanging around the parks and streets during the day causing trouble,’ said one mum. ‘They have no respect for us, no respect for women and we want them gone because they have no right to be here.” Read more.
Flashback: Norwegian Authorities Covering Up Muslim Rapes; Rapist: Women Have No Rights or Opinions in Islam – “There has been a spike in the number of rape charges in Scandinavia in recent years. It has reached near epidemic proportions in Sweden… This trend is not exclusive to Scandinavia. It is the same all over Western Europe wherever we find significant numbers of Muslim immigrants. In fact, the number of rapes committed by Muslim immigrants in Western nations is so extremely high that it is difficult to view them only as random acts of individuals. It resembles warfare. German journalist Gudrun Eussner considers this to be ‘sexuality as a weapon against disobedient and non-Muslim women, both categorized as ‘unbelievers’. Against them jihad is the duty, and what to do with women ‘conquered’ in jihad, this may be read in the Qur’an: they become slaves to be used by the victors.’” Read more.
Syria’s Symphony Of Destruction: Massive Suicide Car Bombs Kill 59, Wounds 372 In Damascus
No one claimed responsibility yet, but given the size of the blasts and the fact that these were suicide car bombs suggests that Al-Qaeda was directly involved …
“Two suicide car bombers killed at least 59 people and wounded 372 in Damascus, Syrian officials and state media say.
This comes as the deadliest attacks in the Syrian capital since an uprising against President Bashar al-Assad began 14 months ago.
The blasts happened near a military intelligence building during morning rush hour. State TV showed burnt cars and two deep craters in the road.
The near-simultaneous explosions hit the al-Qazaz district just before 8 a.m. (0500 GMT), residents said. One blast punched a crater three meters (10 feet) deep in the city’s southern ring road.
Bloodied corpses and body parts could be seen on the road.
The Syrian Interior ministry said that the bombers used more than 1,000 kilograms of explosives in their vehicles.
Although no group has claimed responsibility for Thursday’s blasts, the Syrian government and the opposition blamed each other. Both sides are supposed to observe a ceasefire monitored by a UN team.
However violence has continued unabated across the country, with the restive city of Homs shelled again overnight.” Read more.
Indonesia: Government Shuts Down At Least 16 Christian ‘Houses Of Worship’ After Muslim Complaints
By Nurdin Hasan, Jakarta Globe – “The Aceh administration has shut down at least 16 Christian places of worship since May 2, alleging they were being run without permits and had been drawing complaints from locals.
The 16 buildings, called ‘undung-undung’ in Aceh, were located across four subdistricts in Aceh Singkil district. Different from churches, undung-undungs are smaller in size and have no cross on their exterior.
Aceh Singkil district head Razali Abdul Rahman said his administration started sealing the buildings May 2 and May 3 in response to locals’ complaints.
‘It’s not churches but undung-undungs that we’ve sealed. It’s because they don’t have any permits and because they’ve breached a previously agreed deal,’ Razali told the Jakarta Globe.
‘The sealing of houses of worship that run without permits is meant to avoid conflicts among the religious communities,’ he added. ‘We previously agreed that there should be only one church and four undung-undungs in Singkil.’
On April 30, hundreds of members of the Aceh Singkil Muslim Forum held a rally in the town to demand the closing of the undung-undungs.” Read more.
Arab Media: ‘Netanyahu Is Forming A War Government’, ‘War Is Looming’
What is Israel expected to do while the surrounding nations openly declare their intention to destroy Israel and the Jewish people? …
By Roi Kais – “Newspapers across the Arab world could not ignore Israel’s political drama and the declaration of a unity government on Tuesday. Benjamin Netanyahu and Shaul Mofaz were described as conniving war mongers and corrupt politicians as editorials declared war was looming.
‘Netanyahu is forming a war government,’ al-Quds al-Arabi’s headline cried. ‘No one knows what goes on through the mind of Israeli Prime Minister Benjamin Netanyahu on many regional issues these days. One can predict that this man is scheming and planning wars after murdering the peace process with the settlement policy in the occupied Arab territories,’ the London-based paper said.
The paper analyzed Netanyahu as a statesman and ruled he was ‘concerned about his status in Israeli history and wants to be remembered as the leader who destroyed the Iranian nuclear program and solidified Israel’s nuclear monopoly in the region.’
Lebanon’s popular as-Safir newspaper chose to address the political drama from a different perspective. Titled ‘Israeli recklessness,’ its editorial explained that the ‘news (of early elections) turned out to be random fraud but it captured the attention of the entire world and became the focus of analyses and estimates that war is looming.'” Read more.






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