In the face of ongoing political pressure from the United Kingdom and the Netherlands, the President of Iceland has once again asserted the right of the Icelandic people to defend their nation from foreign financial schemes which would devastate their economy for a generation.
As unrest in the Middle East bled over into Libya, anti-government protesters were reportedly close to controlling Benghazi, the nation’s second largest city, with the security forces under dictator Moammar Gadhafi fighting for control of Tripoli’s city center. Speaking for his father, Gadhafi’s son, Seif al-Islam, warned that the unrest in the country was on the verge of exploding into civil war.
In one of the most ironic and revealing moves in the unfolding of relations between the United States and China, China has announced that it is seeking a shift to the gold standard. According to the World Gold Council, the market development organization for the gold industry, China’s appetite for gold has been rapidly expanding: It consumed 175.2 tons of gold in the fourth quarter of 2010, bringing its grand total for the year to 579.5 tons, or 18.5 million ounces. By comparison, the United States consumed a mere 233.3 tons of gold in 2010. While it is unknown how much of China’s gold acquisitions were made by private citizens, industry, or central banks, speculations remain as to what the country's true intentions are regarding its continued massive purchase and use of the gold.
Eric Zemmour, a conservative French journalist and outspoken foe of the Islamic ascendency in France, was convicted this week of inciting racism. Like Dutch politician Geert Wilders and former screen siren Brigitte Bardot, Zemmour speaks his mind on subjects that the leftst elites who rule Europe consider verboten.
Europe is unraveling. The Bank of Ireland simply prints euros without even the authority of the central bank to back it up. The creditworthiness of the debt instruments of many European nations is dropping precipitously. Muslim immigrants are rapidly overtaking the graying population of many European democracies. Christianity, once the mainstay of European culture, is now relegated more and more to Jim Crow status in many nations of Europe. The effort to create an umbrella European super-state, the European Union, is proving to be a huge flop.