IMF Concedes Mistakes

Really now. IMF Concedes It Made Mistakes on Greece … Did they think the population was stupid. In an internal document marked “strictly confidential,” the IMF said it badly underestimated the damage that its prescriptions of austerity would do to Greece’s economy, which has been mired in recession for the last six years.

Who wants to invest in failure. That’s what only big government’s do. Tyranny in action, are you smart enough to see it and recognize it for what it is?

 

Youth Unemployment In Europe

European Central bankers register a major fail in economics … And soon the USA???

Europe’s job market is a historic disaster.

The EU unemployment rate set a new all-time high of 12.2 percent, according to today’s estimates.

It’s for the under 25 crowd…

But it’s the youth unemployment crisis that’s truly terrifying. In Spain, unemployment surged past 56 percent, and Greece now leads the rich world with an astonishing 62.5 percent of its youth workforce out of a job (graph via James Plunket).

 

Fighter Jets Scrambled To Passenger Plane

RAF Typhoon jets are scrambled to a Pakistan International Airlines aircraft carrying 297 passengers and escort it to Stansted(England).

British police arrest two men on diverted Pakistan flight…

British police arrested two men on a Pakistan International Airlines flight on Friday on suspicion of “endangerment of an aircraft” after it was escorted to a different airport by fighter jets.

The plane had been flying from Lahore in Pakistan to Manchester, before it was diverted to Stansted, in Essex, southern England.

Two arrested on ‘suspicion of endangerment of an aircraft’…

‘Disruptive passenger had started shouting’…

Different airliner ‘on fire’ over central London…

EU ENERGY SUMMIT: CLIMATE PROTECTION IS NOT THAT IMPORTANT ANYMORE

The hoax is not selling anymore … Europe’s heads of State and government want to promote shale gas and to reduce energy prices. They would rather promote competition than stop global warming.

 

 

Europe’s Unemployed

European unemployment just broke above 12% for the first time ever and European youth unemployment remains miserably above 24%. And while 1-in-4 under-25s unemployed is a bad enough statistic in terms of likely emergence of social unrest, the individual countries are in general deteriorating once again at a faster rate. French youth unemployment has risen for 13 months in a row to a record 26.5%; Spain (at 57.2% of under-25s unemployed) is catching up fast to Greece’s stunning 59.1%; but perhaps the most concerning for the broader economies is the fact that Italy’s youth unemployment has now topped that of Portugal at 38.4%.

The only nation to see a drop in its youth unemployment was Ireland – which fell back modestly to January levels. Not a rosy picture, but then again, it doesn’t matter… 12% unemployed, total.

And then there is this, as you dig deeper. It’s even worse for the youth.

Euro-Zone under 25, 1 in 4 are unemployed.

 

Big brother to switch off your fridge: Power giants to make millions – but you must pay for ‘sinister’ technology

The English always have such clever technologies to make life so much more convenient. Obama is watching.

The things you can do to your peasants, but can’t do to armed free people.

The Daily Mail writes:

• Computer chips will take control of home appliances when energy is low
• Sensors will detect spikes in demand for power and when grid struggles to meet it, will temporarily shut off appliances
• Can shut down supply without warning – or your consent

Fridges and freezers in millions of British homes will automatically be switched off without the owner’s consent under a ‘Big Brother’ regime to reduce the strain on power stations.

The National Grid is demanding that all new appliances be fitted with sensors that could shut them down when the UK’s generators struggle to meet demand for electricity.

Electric ovens, air-conditioning units and washing machines will also be affected by the proposals, which are already backed by one of the European Union’s most influential energy bodies. They are pushing for the move as green energy sources such as wind farms are less predictable than traditional power stations, increasing the risk of blackouts.

The Green Agenda

All this is all about the carbon tax, so the greens have more of your money to give away. They have given up on global warming, too many people know it’s a hoax now. Our economy is now so sick, that we have beat our allocated CO2 limits set out in the Kyoto protocols. Take that.

The EU has been the global laboratory testing the green agenda to see how it works. Today’s story means that the guinea pig died; the most important piece of green intervention in world history has become an expensive and embarrassing flop.  It’s hard to exaggerate the importance of this for environmentalists everywhere; if the EU can’t make the green agenda work, it’s unlikely that anybody else will give it a try.

More here …

Carbon Tax: Europe is Becoming a Green-energy Basket Case

All the failed green energy projects are failing, too expensive. Other than the FACT that global warming is a proved myth, made up to scam the public out of paying more in taxes. Is it any reason the carbon market has collapsed? It was a stupid idea on it’s face, just designed to make energy more expensive for everyone.

The WP editorial cautions the USA:

FOR YEARS, European leaders have flaunted their unwavering commitment to fighting climate change — and chastised the United States for lagging behind. But last week brought yet more confirmation that the continent has become a green-energy basket case. Instead of a model for the world to emulate, Europe has become a model of what not to do.

The centerpiece of the European Union’s climate plan — indeed, the only major climate policy that acts across all member countries — is a slowly declining continent-wide cap on emissions. By allowing companies to buy, sell and bank permits to pollute under that cap, the program puts a price on European carbon dioxide emissions. Designed properly, the scheme should encourage companies and consumers to reduce the carbon-intensity of the goods they purchase and invest in cleaner alternatives.

But the Europeans didn’t design the policy properly. For a variety of reasons that E.U. officials should have anticipated, the market for carbon permits has all but collapsed. And in a Tuesday vote, the European Parliament rejected a slapdash rescue plan.

Now that EU’s carbon credit market has collapsed it’s plain to see the stupidity of it now.

Nigel Farage: “This EU is the New Communism. It is Power without Limits.”

As euro zone leaders continue to wrestle with the idea of the EU being plunged into total economic ruin, Nigel Farage above all others has protested loudly against the 27-state union’s easy money policies and its desire to consolidate power into the hands of the few.

“This European Union is the new communism. It is power without limits. It is creating a tide of human misery and the sooner it is swept away the better,” he added:

The future awaits, and it looks a lot like the past failures, just with pretty speeches this time.

EU CO2 Tax

Pressure builds for Britain to drop CO2 tax after EU price collapse – News – Point Carbon

LONDON, April 18 (Reuters Point Carbon) – Britain has been urged to scrap its carbon floor tax after the failure of an EU proposal to prop up carbon prices could leave British power companies having to pay 10 times more than European competitors for each tonne of carbon dioxide they emit – a move that will also distort energy prices across the EU.