In banking, few values count more than consistency and integrity. The sovereign debt crisis in Europe, however, appears to have watered down those values in the case of some banks. The International Accounting Standards Board has stated that some European banks used the value provided by the Greek government in determining how much value Greek bonds should be counted in the assets of the bank. That would mean the bonds would be worth about 21% less than  than the original valuation. 

Elements of al-Qaeda and other Islamic extremist groups were known to be key players in the NATO-backed uprising in Libya from the beginning, but now it appears that prominent Jihadists and terrorists are practically leading the revolution with Western support.

  The persecution of Christians is the biggest untold story in the establishment media. Consider Iran, a nation that we fear because it may soon acquire nuclear weapons.This fear is so strong in the school of popular punditry that strategic military strikes, embargos, and a host of other fairly dramatic remedies are seriously discussed. But is not our true fear that Iran is intolerant, warlike, and barbaric?

Despite widespread media assertions that the Egyptian revolution was intended to bring about a democratic rule, there is increasing evidence to the contrary. The Muslim Brotherhood is urging officials to consider a ban — which would particularly target tourists — on skimpy bikinis and alcohol in the streets, regulations which closely resemble Sharia law.

While the truth about what is going on in Libya remains concealed behind a web of lies from both sides, Gaddafi’s forces are still fighting as analysts discuss the future of the nation following “regime change.” Based on available information, it doesn’t look bright. Talk of protracted civil war, genocide, violent retaliation, plundering, and deepening chaos is well underway as the bodies of Libyans continue to pile up. Thousands of civilians have already died — some killed by NATO air strikes and Western-backed rebels, others by the Gaddafi regime and its supporters.

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