Cyprus Bail-Out: Savers Will Be Raided To Save Euro In Future Crises, Says Eurozone Chief

 

 

 

” Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced.

The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.

The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, announced that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe.”

Related articles

• Eurozone Chief: Savings Accounts Will Be Raided to Save Euro in Future Crisis (thegatewaypundit.com)
• Spain, Italy and other European nations to be raided to save Euro (real-agenda.com)

Who Has the Right To Mine An Asteroid?

 

 

 

 

 

 

 

 

 

 

 

” As PopMech has relentlessly covered, the race is on to tap the mineral wealth tucked away in the asteroids. But are these big space rocks free for the taking, or will asteroid miners find themselves bogged down in outer space red tape? Instapundit blogger and resident contrarian Glenn Harlan Reynolds investigates.

Suddenly, the idea of asteroid mining is everywhere. As a recent feature here in Popular Mechanics noted, asteroid mining has gone from a “someday” idea to a business plan for more than one company. As a professor who’s been writing, teaching, and practicing space law since the 1980s, I say, why not? Asteroids are valuable, they’re out there, and they are free for the taking.

Or are they?

Asteroids are certainly available, and they’re valuable…

On 14 November 1940, the German Luftwaffe rained bombs down on the city of Coventry destroying its famous medieval cathedral and killing 568 people. Seventy years later, the shell of the cathedral stands next to the new building opened after the Second World War. Yet the medieval cathedral is revealing secrets today – particularly the crypts below ground.

Crypts discovered under medieval Coventry Cathedral

Restorers have stumbled upon nine secret crypts under the remains of Coventry cathedral in the Midlands. In September, 2011, cracks appeared in the remains of the medieval church and since then the walls had been supported by rather unsightly scaffolding.

Coventry medieval cathedral dates back to the 14th century and was originally the city’s main place of worship. But in 1940, during the Second World War, the German Luftwaffe pounded the city for an incredible and horrific ten hours on the night of November 15th.

Coventry…

Mutant Milk