EUROPE OFFICIALLY ENTERS "RECESSION" AS ATTACK ON IRAN GAINS TRACTION

Yes, no matter how the media wants to spin it, Europe has been declared in an official recession, even though the numbers show a clear Depression in places like Greece, Spain and even Italy now. Using an archaic and subjective set of rules, much like we use here, a "double dip recession" is now here throughout Europe, with only Germany skewering the numbers for everyone else. In this country, the recession we had officially ended in 2009 as, according to whoever makes this crap up, a recession is when two quarters contract below 0% into negative territory. This is a woefully awful way to gauge the health of a nation, where unemployment, housing, and inflation play no part of in setting the stage for an accurate reading.

For all my readers out there form the US or Europe, does it feel like we have been out of a recession for the past few years? Unemployment, here and abroad, has been in the low to mid twenties and has remained there. Housing has sank and continues to do so and stores like Walmart are losing ground to the Dollar Store as people's personal wealth is all but gone. But we are not in recession, let alone a depression. Please!

With Greece about to go bust, 700 million Euro was taken out of the Greek banking system in ONE DAY. That is the very definition of a bank run. Today's Dow continues to plunge as this news is starting to sink in that the world economy is hanging by a very slim thread. Not even the PPL can protect people from a stock market that is going to go down no matter how much stock futures are purchased. Incidentally, I have confirmed the existence of the Plunge Protection Team so all the debunkers out there and shut the F up. Here's a link to the Wikipedia page that shows Ronald Reagan started this way back when and may have been manipulated AFTER 2008 to buy stock futures in large sums to keep the market afloat.

http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

So now that we know such a group exists, now what? If you have your life savings in the stock market, be warned you're gambling in a rigged casino. If the powers that be buy big on betting against the derivative market when a crash seems imminent, you'll lose everything when the stock market loses half of its value, and unlike last time, don't expect such a quick and unlikely recovery. Under normal times, the Dow should have take at least five years to gain half of its value back but here we are, four years later, with record highs being looked at. Be afraid, be very afraid when things like this occur.

So as all this occurs, Israel seems itching to take out Iran who has been nothing but duplicitous bastards about the whole thing. Make no doubt about this that if Iran gets a nuke, the entire Middle East will destabilize, a new arms race will occur and then we have religious wingnuts with the power to destroy the planet. Does any rational person out there really want a religious zealot with no fear of death to get a hold of a weapon that could end all life on the planet? Chances of all out nuclear war in this scenario are near 90% over the next ten years. Don't believe me? I have the good fortune to be very close with several people involved in nuclear strategy, weapons monitoring and other nuclear oriented activities for the US government. And while they have never spilled anything that would compromise the safety of the country, what they have told me should have turned my hair white. Here is a very likely scenario.

Iran gets a nuke and, in a confrontation with Israel, sneaks a nuke into downtown Tel Aviv. Once detonated, Israel launches a massive attack on Lebanon, Syria and Iran. Pakistan retaliates against Israel and India, who launch their own counter attack. Iran, Syria and Lebanon attack Israeli and US sites as Russia gets drawn into the conflict. End result: at least 5 billion people dead.

Or how about this one: Iran launches one nuke of the coast of the US and detonates it in space. Most of North America is plunged into darkness. However, the military sites, particularly the nuke sites, are hardened against such an attack and our response would be a massive launch of nukes at what could be anybody and everyone. First hit would be Iran and North Korea, even if they had nothing to do it. North Korea would launch against Japan, and South Korea. China and Russia get dragged in and see above for projected dead and add a billion.

These are just two scenarios where all life ends if Iran gets a bomb, something that they appear to be close to. Debka reports this:

http://www.debka.com/article/21999/

According the website, Iran is ramping up production ahead of the talks between the US and Iran, talks I suspect are a mindless waste of time. The Japanese did a similar stall tactic right before they bombed Pearl Harbor, still considered a simultaneously perfect victory and dismal failure at the same time. For reasons no one still understands, the Japanese went home after the attack instead of pushing forward, a decision that would cost them everything.

As recent reports that Iran is busing adding more centrifuges to it's reactor in Fordo while debating with the US over limits on enrichment, the Israelis are becoming understandably nervous. Netanyahu does not want to be known as the Prime Minister that let Israel die. They have been more than vocal that time is running out and sooner, rather than later, Israel will go it alone if they have to. No one wants a war, but sometimes by not acting (like WW2 for example) things get far worse than if you just steeped in in the first place. Would WW2 have been as bad had Hitler not been dealt with before he consolidated his power? Of course not. But mankind is pathologically against war and with good reason. War is hell and should never be taken lightly unless of course your name is George W Bush, in which case, bomb em all and let God sort them out.

So, war is coming, economic collapse looms and it's a race to see which happens first. I wish I had some good news but I don't. Buckle up people. The ride is about to get VERY bumpy.