EuroZone jobless rate hits new high (World economies weakening)

It’s not just the US, which is a point that Barack Obama will likely seize in the same manner a drowning man clings (bitterly?) to a life preserver in a storm-tossed ocean. The EuroZone hit a 17-year high unemployment rate this spring at 11%, and the rate in the larger European Union rose to 10.3%:

The jobless rate in the 17-nation euro zone reached 11 percent in March and April, the highest since the start of the data in 1995, Eurostat, the European statistical agency said in Luxembourg. The previous record had been 10.9 percent in February, Eurostat said, after it revised March’s figure upward from the 10.9 percent initially estimated.

“We have an economy that’s freezing up, it’s clearly not creating jobs,” Peter Dixon, global equities economist at Commerzbank in London, said. “But right now policy makers’ main concern is to ensure that the peripheral countries’ governments and banks can stay afloat. Given that, the real economic data is taking a back seat.” But before long, he said, unemployment “is going to be a major problem for those countries,” as it rises to the top of the political agenda and further complicates the financial problems.

For the overall European Union, made up of 27 nations, the jobless rate was 10.3 percent in April, up from 10.2 percent in March. Spain’s jobless rate, of 24.3 percent, was again the highest in the European Union, while Austria’s, at 3.9 percent, was the lowest.

On one hand, Obama can rightly claim that some of the economic problems in the US are linked to Europe’s own economic issues, especially the debt and currency crises that have roiled the Continent for the last few years. Of course, the Obama administration can’t claim to have been surprised by those problems, and may have trouble explaining any of their actions as a bulwark against European turbulence. Given the nature of global commerce, though, the US government has only limited options for building firewalls against a contagion in the free markets.

Among those options, though, would be to streamline regulation, reduce government deficit spending to allow for more private lending, and reforming the tax system to provide more long-term clarity. The Obama administration has done none of these, and in most cases worked in the opposite direction.

The same is true for the EuroZone, which now wants to go on another stimulus bender rather than take the hit and reduce government spending before the whole debt edifice collapses altogether. Europe and the US have similar problems because we have followed similar policies, even and especially over the last few years when the debt crisis became impossible to ignore.

Massive stimulus spending and rapid increases in regulatory regimes do not produce a stable job-creation environment, which we have now seen in both hemispheres. It’s time to try something new … like responsible stewardship of the public sector and greater stability in taxes and regulations for the private sector.

In Europe, they see the acute problem as a lack of central authority to do anything:

U.S. and European officials, who just weeks ago seemed to be getting a handle on the euro zone’s financial crisis, are now scrambling to prevent a new round of problems from pulling down some of Europe’s largest economies.

European Central Bank President Mario Draghi warned in Brussels on Thursday that he considered the euro zone’s current structure “unsustainable,” and said the region’s governments must surrender far more budget and regulatory power to a central authority if the currency union is to be saved. …

In recent weeks, European officials, the International Monetary Fund and others have urged that an existing European bailout fund be used to pump money directly into Spanish banks. At the moment, the Spanish government would have to borrow money to bail out the banks, and this would increase its own debt, aggravating concerns about Spain’s financial health.

German officials are opposed to providing the bailout fund with the flexibility to help banks directly.

In Brussels on Thursday, Mario Monti, Italy’s prime minister, said Germany was putting the goal of a more integrated Europe at risk by its “lack of promptness” in accepting the change.

Draghi, a critical voice in the discussion as head of the central bank used by the 17 nations, said Europe needed to do more to back its banking system. At the same time, he criticized the slow response of Spanish officials in dealing with their banking crisis.

As I wrote earlier this week, that’s always been the central problem with the EuroZone and its shared currency. Either Europe needs to integrate into one sovereign nation so that Greece and Spain can’t game the system without Germans having some say in those policies, or the separate nations need to return to separate currencies. The political/debt crises are the inevitable outcome of shared currencies with separate economic approaches.

Here’s my analysis>>>

Clips:

In recession-hit Spain, unemployment spiked to 24.3 percent, the worst rate in the EU. It was up 0.2 points since March, and 3.6 percentage points compared to last year. Youth unemployment ballooned to a 51.5 percent, up from 45 percent last year.>>>

Greece is the bloc's second worst performer with unemployment creeping further upwards to 21.7 percent in February, the last month for which figures are available. It compares to a rate of 16.1 percent a year earlier. The economy in Greece has been contracting far more than expected late last year, taking employment with it in a downward spiral.>>>

http://www.newser.com/article/d9v49udo0/eurozone-unemployment-stays-at-record-11-percent-spain-greece-worst-off.html

Daniel 2

Daniel Explains the Dream

24 Therefore Daniel went to Arioch, whom the king had appointed to destroy the wise men of Babylon. He went and said thus to him: “Do not destroy the wise men of Babylon; take me before the king, and I will tell the king the interpretation.” 25 Then Arioch quickly brought Daniel before the king, and said thus to him, “I have found a man of the captives of Judah, who will make known to the king the interpretation.”

26 The king answered and said to Daniel, whose name was Belteshazzar, “Are you able to make known to me the dream which I have seen, and its interpretation?”

27 Daniel answered in the presence of the king, and said, “The secret which the king has demanded, the wise men, the astrologers, the magicians, and the soothsayers cannot declare to the king. 28 But there is a God in heaven who reveals secrets, and He has made known to King Nebuchadnezzar what will be in the latter days. Your dream, and the visions of your head upon your bed, were these: 29 As for you, O king, thoughts came to your mind while on your bed, about what would come to pass after this; and He who reveals secrets has made known to you what will be. 30 But as for me, this secret has not been revealed to me because I have more wisdom than anyone living, but for our sakes who make known the interpretation to the king, and that you may know the thoughts of your heart.

31 “You, O king, were watching; and behold, a great image! This great image, whose splendor was excellent, stood before you; and its form was awesome. 32 This image’s head was of fine gold, its chest and arms of silver, its belly and thighs of bronze, 33 its legs of iron, its feet partly of iron and partly of clay. 34 You watched while a stone was cut out without hands, which struck the image on its feet of iron and clay, and broke them in pieces. 35 Then the iron, the clay, the bronze, the silver, and the gold were crushed together, and became like chaff from the summer threshing floors; the wind carried them away so that no trace of them was found. And the stone that struck the image became a great mountain and filled the whole earth.

It’s my opinion that the stone has struck the feet of the statue and the worlds economies are slowly becoming chaff. Here’s a bit more analysis.

Birth-pangs of Moshiach

We know how we arrived here on earth, our parents had sex and conception occurred.

On the molecular level I’m referring to seed and ovum.

Hold that thought.

Back in December of 2007 I was watching the planet Mars (Edom) rise with the constellation Orion, the hunter (Esau). Not a good combination to say the least. Then on the evening of December 24 the moon became full and an hour and change later occults Mars. My first thought was that war had been conceived.

Fast forward to 2010

I’m reading Joseph E. Stiglitz’s book, FreeFall: America, free markets, and the sinking of the world economy. I notice that he mentions the date September 15th 2008 three times, this I have to check out. That was the day Lehman Brothers filed Chapter 11 and was liquidated with (check this number out) a record 613 billion debt! No small coincidence I’d say. So I look closer to the date Sept. 15th and find out it’s another full moon! Exactly 9 (lunar) months from Dec. 24 2007. Conception, gestation and birth. (As Above, So Below) See: Judaism and the number 613 and Genesis 1:14 regarding signs in the heavens.

Hashem is contending with the nations! (Jeremiah 25:30-38).

We’re born into this world and we grow, growth is normal for life, economies and all living things, contraction is a sign of birth, Birth pangs of Moshiach!

Links below: Hope they're still good.

Map of Mars rising with Orion @
http://science.nasa.gov/science-news/science-at-nasa/2007/20dec_christmaseve/

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Full Moon Occults Mars at Opposition - Dec 23/24

During the night of 2007 DEC 23/24, the Full Moon will occult Mars which will be near its opposition. The event will be visible in portions of northwestern North America and eastern Europe. The southern graze path will extend from Oregon, across Canada, through Greenland, into central Europe, before ending in Saudi Arabia. There will be no northern graze path since that would be in outer space above the North Pole.

Observers on the graze path will be able to watch hills and valleys of the Moon’s south polar region pass across the disk of Mars. Those north of the path will witness a full occultation. Those south of the path will see a close conjunction between the Moon and Mars. Since the Moon will be full, there really won’t be much of a dark limb for either the immersion or emersion.

http://cs.astronomy.com/asycs/forums/t/29908.aspx

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AS ABOVE, SO BELOW

Soncino Zohar, Bereshith, Section 1, Page 197a - Observe that God has made the earthly kingdom after the pattern of the heavenly kingdom, and whatever is done on earth has been preceded by its prototype in heaven.
http://www.yashanet.com/studies/revstudy/rev5f.htm

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Joseph E. Stiglitz
http://en.wikipedia.org/wiki/Joseph_Stiglitz

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Lehman folds with record $613 billion debt

Sept. 15, 2008, 10:11 a.m. EDT
By Sam Mamudi, MarketWatch

NEW YORK (MarketWatch) -- Lehman Brothers Holdings is closing its doors with more than $600 billion of debt -- the biggest bankruptcy in U.S. history.
Lehman (PINK:LEHMQ) has total debts of $613 billion against total assets of $639 billion, according to a filing prepared Sunday.
http://www.marketwatch.com/story/lehman-folds-with-record-613-billion-debt

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A List of the 613 Mitzvot (Commandments)
http://www.jewfaq.org/613.htm

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Hebcal Jewish Calendar
http://www.hebcal.com/converter/

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Note: The World’s economies were ‘kneecapped’ in the fall of 2008 and haven’t fully recovered since. Look at Greece, Portugal, Spain and Ireland and take into consideration the stalemate over raising the debt limit here in the US and make no mistake the world is virtually staring into the abyss! It would be apropos for man to push the worlds economies the rest of the way…off the cliff.

For more fun Google "birth pangs of Moshiach"

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