Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55539 Wed, 26 Nov 2014 19:39:10 GMT Le Pen Wants French Gold Repatriation http://implode-explode.com/viewnews/2014-11-26_LePenWantsFrenchGoldRepatriation.html iehi-feed-55538 Wed, 26 Nov 2014 19:32:22 GMT France postpones Mistral delivery to Russia over Ukraine 'until further notice' http://implode-explode.com/viewnews/2014-11-26_FrancepostponesMistraldeliverytoRussiaoverUkraineuntilfurthernot.html iehi-feed-55537 Wed, 26 Nov 2014 19:10:06 GMT Jean-Claude Juncker's €315bn New Deal dismissed as a subprime gimmick http://implode-explode.com/viewnews/2014-11-26_JeanClaudeJunckers315bnNewDealdismissedasasubprimegimmick.html The European Commission has launched a €315bn "New Deal" to pull Europe out of its economic slump over the next three years, but will provide almost no new money of its own and is relying on subprime forms of financial engineering.

...

"The money is chicken feed and it won't do anything to kick-start growth," said Professor Charles Wyplosz, from Geneva University. "It is unbelievable they are doing this rather than real fiscal expansion. The private sector will just take governments to the cleaners. "This is really an excuse to pretend they are they doing something while the austerity is still going on. It will take too long to work and there will be a big fight over the projects as every country tries to get a share of the cake."

...

The EU bodies will suffer the "first loss" if any project defaults, a device all too like the structured finance used in the heyday of the pre-Lehman boom, when Dublin became a hub for "special investment vehicles" (SIVs) that disguised the concentration of risk. The plans entail a de facto subsidy, but of a contentious kind. Critics call it "socialised loss, private gain".

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Mr Juncker's hands have been tied from the start. Germany, Britain and other northern states have capped EU spending near €140bn a year until 2020, forcing Brussels to resort to shadow finance.

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iehi-feed-55532 Wed, 26 Nov 2014 15:38:12 GMT How Could It Happen? | Things That Make You Go Hmmm... http://implode-explode.com/viewnews/2014-11-26_HowCouldItHappenThingsThatMakeYouGoHmmm.html iehi-feed-55530 Wed, 26 Nov 2014 15:26:01 GMT Kiev's military 'requests' for US aid leaked by Ukrainian hacker group http://implode-explode.com/viewnews/2014-11-26_KievsmilitaryrequestsforUSaidleakedbyUkrainianhackergroup.html iehi-feed-55529 Wed, 26 Nov 2014 15:24:57 GMT Kissinger To Obama: You Blew It Confronting Russia On The Ukraine---Admit It And Back Off http://implode-explode.com/viewnews/2014-11-26_KissingerToObamaYouBlewItConfrontingRussiaOnTheUkraineAdmitItAnd.html iehi-feed-55528 Wed, 26 Nov 2014 15:22:09 GMT US "Secret" Deal With Saudis Backfires After Oil Minister Says US Should Cut First http://implode-explode.com/viewnews/2014-11-26_USSecretDealWithSaudisBackfiresAfterOilMinisterSaysUSShouldCutFi.html iehi-feed-55527 Tue, 25 Nov 2014 19:29:33 GMT Russian Media Has Field Day With Ferguson Riots http://implode-explode.com/viewnews/2014-11-25_RussianMediaHasFieldDayWithFergusonRiots.html iehi-feed-55524 Tue, 25 Nov 2014 15:02:51 GMT The 2014 Oil Price Crash Explained http://implode-explode.com/viewnews/2014-11-25_The2014OilPriceCrashExplained.html iehi-feed-55523 Tue, 25 Nov 2014 15:02:16 GMT Total Chinese Gold Reserves Approaching 16,000t - Koos Jansen http://implode-explode.com/viewnews/2014-11-25_TotalChineseGoldReservesApproaching16000tKoosJansen.html iehi-feed-55522 Tue, 25 Nov 2014 14:57:10 GMT War in Ukraine a Result of Misunderstandings between Europe and Russia http://implode-explode.com/viewnews/2014-11-25_WarinUkraineaResultofMisunderstandingsbetweenEuropeandRussia.html iehi-feed-55521 Tue, 25 Nov 2014 14:47:09 GMT Exclusive: China ready to cut rates again on fears of deflation http://implode-explode.com/viewnews/2014-11-25_ExclusiveChinareadytocutratesagainonfearsofdeflation.html iehi-feed-55519 Tue, 25 Nov 2014 13:47:17 GMT Global Business Confidence Collapses To Post-Lehman Lows http://implode-explode.com/viewnews/2014-11-25_GlobalBusinessConfidenceCollapsesToPostLehmanLows.html iehi-feed-55518 Sun, 23 Nov 2014 15:39:58 GMT Russia warns US against supplying ‘lethal defensive aid' to Ukraine; NATO Can't Afford Russia-build Mistrals http://implode-explode.com/viewnews/2014-11-23_RussiawarnsUSagainstsupplyinglethaldefensiveaidtoUkraineNATOCant.html ``"This is a very serious signal for several reasons. First of all, this is a direct violation of agreements, including the ones achieved in partnership with the United States. I mean the Geneva Declaration from 17 April," said the Russian Foreign Ministry spokesman.''

See also on the subject of the US-Russia "new cold war" NATO has no money, capability to buy out Russia-bound Mistral warships:

"NATO's budget is too small to not only purchase Russia-ordered Mistral helicopter carriers, but to even compensate France half of the penalties in accordance with the contract," a military source in Brussels, Belgium told TASS news agency. NATO's military and civilian budget for 2014 amounts $ 1.6 billion, while the penalty for non-delivery of the two Mistral helicopter carriers to Russia could reach $ 3 billion, the source explained.

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Moreover, NATO simply doesn't have a structure that that could receive the ships. The Alliance has almost no military equipment of its own. So there would be no use in the helicopter carriers even if the money to purchase them is found," the source said.

The idea of buying the Mistral vessels is "absurd from a military point of view" because the ships are "custom-built in accordance with Russian standards, which makes their use by NATO highly problematic and will require additional, expensive refitting," he stressed.

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iehi-feed-55517 Sun, 23 Nov 2014 15:32:53 GMT Dutch had euro-exit plan at height of crisis http://implode-explode.com/viewnews/2014-11-23_Dutchhadeuroexitplanatheightofcrisis.html iehi-feed-55516 Sun, 23 Nov 2014 15:31:54 GMT Rickards - No US Rate Increase in 2015 http://implode-explode.com/viewnews/2014-11-23_RickardsNoUSRateIncreasein2015.html iehi-feed-55514 Sun, 23 Nov 2014 14:23:22 GMT China's ICBC to set up offshore yuan center in Los Angeles http://implode-explode.com/viewnews/2014-11-23_ChinasICBCtosetupoffshoreyuancenterinLosAngeles.html iehi-feed-55513 Sun, 23 Nov 2014 14:09:17 GMT China building massive island big enough for airstrip in Disputed Spratlys: Report http://implode-explode.com/viewnews/2014-11-23_ChinabuildingmassiveislandbigenoughforairstripinDisputedSpratlys.html iehi-feed-55512 Sun, 23 Nov 2014 01:32:16 GMT Washington plays Russian roulette - Pepe Escobar http://implode-explode.com/viewnews/2014-11-22_WashingtonplaysRussianroulettePepeEscobar.html iehi-feed-55511 Sat, 22 Nov 2014 23:55:18 GMT China Recognises Crimean Independence (BOMBSHELL) http://implode-explode.com/viewnews/2014-11-22_ChinaRecognisesCrimeanIndependenceBOMBSHELL.html