Hard hitting global and local news
UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 "inconceivable" The global recession picked up steam today with news of a UK GDP Shock . The economy shrank by 0.7pc in the second quarter – far more than the 0.2pc fall expected, as record rainfall and the Jubilee holiday added to pressure from austerity cuts and the eurozone debt crisis.
The offensive was coordinated with an assassination bombing and a similar militant assault on Damascus – timed so closely with the UN Security Council vote, the vote was pushed back a day only to be vetoed by Russia and China, with Pakistan and South Africa abstaining in protest of the US-UK backed resolution. It appears that the operation in Damascus was expected to last longer and cause more chaos amongst the ranks of the Syrian military. It also looks like a large psychological operation planned by NATO was attempted, but failed, or pushed back at the very least – one involving the seizing of Syrian broadcasting and replacing it with false reports of the government’s imminent demise.
New home sales unexpectedly plunged today, with the biggest drop in over a year . New U.S
Read More: BBC Rides with Al Qaeda in Aleppo, Syria
Spain 2-Year Treasury Yield Tops 7%, Inversion Between 5 and 10 Year Yields; Spain Sovereign Debt Restructuring Coming Up Posted by Michael Shedlock at 1:49 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.
Image : Brookings Institution’s, Middle East Memo #21 " Assessing Options for Regime Change (.pdf) ," makes no secret that the humanitarian "responsibility to protect" is but a pretext for long-planned regime change.
Ironically, NATO’s subsequent "protection of civilians" flattened several cities across the country , slaying thousands of civilians. Syria’s Violence in Context The Syrian military cannot, however, rule out the use of airstrikes considering the overt manner in which foreign interests such as the US, Israel , and the Gulf States are increasingly sending heavily armed militants over their borders to destabilize their nation. It must be taken into consideration that FSA militants have been conducting indiscriminate bombings across Syria for months now, and with their latest assassinations and offensive, have shed the ability to play to role of "victim-civilians." Image : The West’s "lightly armed" FSA.
Read the article: URGENT: West Spreads Syrian WMDs Lies For Foreign Intervention
Visit link: Mish on Capital Account: Discussion of Social Media Panic in Italy, Soaring Yields in Spain, and the Upcoming…
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