Europe Trip

Indulging Comfort with Old European Grace

A gem shining bright at one of the iconic destination of New Orleans in South Kensington is the Pelham Hotel and this is not all, just like the city of London which is one of the culturally rich countries of the world also has something to offer at the Pelham’s.

Historically located on a site that was formerly the plantation of Jean Baptist Lemoyne de Bienville, founder of New Orleans, the Pelham Hotel offers a grand scale of personal service and attention to detail in an intimate boutique setting reminiscent of old-world European grace.

Listed as a historical landmark, itself the Pelham is located within just a few steps from Harrah’s Casino and within walking distance of major attractions within New Orleans — just one block from the French Quarter, a short walk to Bourbon Street, and steps away from the Convention Center and the River walk Marketplace and Steamboat Natchez including Audubon Aquarium of the Americas. It is also just 1 mile away from the Louisiana Superdome.

The Pelham Hotel is well connected with South Kensington Underground station directly opposite the front door and London Heathrow Airport is just 25 minutes away.

The 60 classically appointed guestrooms at the Pehlam are all furnished in English style that showcases 18-foot ceilings and original brick walls. Each room is furnished with a cable TV, writing desk, and safety deposit box. Private bathrooms feature marble floors and granite counters. The boutique residence offers various units and the price starting from 1200 USD per night approximately.

Adjacent to the Pelham Hotel is the highly acclaimed Ruby Slipper Restaurant, where the guests can enjoy local flavors such as BBQ Shrimp & Grits and Bananas Foster Pain Perdu along with traditional favorites for breakfast and lunch.

Apart from on-site dining and free WI-Fi in every room this London hotel also goes an extra mile to meet the requirements of every single guest. Its services include Private parking, Facilities for disabled guests, Family rooms and much more.

admin November 12, 2014 Leave A Comment Permalink

Hindu gods in ancient Europe

Parjanya (Parjnya), a Vedic deity of rain, is often associated with Indra – the “thundergod” who punishes sinners. There are two hymns dedicated to him in the Rigveda (5.63 and 7.101). For example: “When thou, with thunder and with roar, Parjanya, smitest sinners down, This universe exults thereat, yea, all that is upon the earth.”

The word Parjanya means “rain” or “rain cloud” in Sanskrit. In Slavic mythology, Perun – the Slavic thunder god – is equivalent to him, but also Finish Perkele and many other European ancient gods of thunder. Prayers dedicated to this god help the rain to bestow blessings on us. Parjanya was also one of the Saptarishis (Seven great sages).

Sanskrit, the language used long ago by religious scribes and wise men, nowadays conveying ancient messages to us from holy texts, is presently only a liturgical language like Latin. The Indian Vedas were written in Sanskrit. In addition to liturgical purposes, this language is spoken at some places even today, particularly in some institutions where people feel the need to reinvigorate it. In the Indian state of Madhya Pradesh, there are villages where ordinary people speak Sanskrit. Sanskrit is used also in Mattur, a village in the Indian state of Karnataka.

The origin of the word “red” (English), or “rot” (German) probably comes from the primordial adoration of the god of fire, most likely a deity like Slavic Rod, Hindu Agni or Rudra. You will find many words with similar sounding both in European languages and Sanskrit – for example, the Sanskrit word “rakta” – English “red” (“rudy” in Czech, “rouge” in French, “rojo” in Spanish, etc.). The origin of the word “red” most probably dwells in fire, which had been adored and personified by all ancient and tribal cultures.

The Slavic creation legends slightly vary in dependence on the region (Serbia, Slovenia, Russia, Poland, etc.). Swarog or Svarog is the Slavic sun and fire god. In the Slavic religion, Svarga is heaven. In Sanskrit, Svarga is heaven too.

Some Hindu gods have remarkable similarity with Slavic deities – both in pronunciation and in significance. Sanskrit and Slavic words may not be always entirely similar (in pronunciation and connotation), but may carry remarkable elements of similarities like in the case of the Slavic god Veles (god of shepherds and a great serpent), who bears a resemblance to Vedic Vala, a Hindu Naga (serpent) and Asura (mostly sinful and power-seeking deities) mentioned in Rig Veda over twenty times.

Lord Shiva’s attributes are materialized in a Slavic female deity called Siwa, Ziva, or Zivena – goddess of fertility and love. A similarity with Sanskrit appears in the fact that the word “ZIVA” means (in Sanskrit) “the one who is kind”. Unlike war or scorpion goddesses, goddesses of love are kind for most of the time.

There is yet another similarity between Shiva and Ziva – goddess Kali and Morena, the sister of Ziva. Both Kali (Hindu goddess) and Morena (Slavic goddess) are goddesses of death. In Hinduism, Kali is tightly associated with Shiva, as she is a form of Durga, the Shiva’s consort. There is not a big difference between these two, as Shiva’s association to Kali is as strong as Ziva’s connection to Morena. If we look at similarity in pronunciation, Slavic Morena has its equivalent in the Sanskrit word maraNaanta (coming to death).

As concerns symbolism, lingam is a Hindu (Shiva’s) symbol for fertility – the same dimension that ancient Slavs attributed to Ziva.

Vedic god Surya has his Slavic equivalent in goddess of beauty – Zora, Zarya, or Zori. There is also the word Zorya, which identifies less important goddesses – Slavic guardians of the dawn, but connection to the sun is indisputable.

Slavic svastika

Hindus use svastika as a symbol of good luck. Boreyko coat of arms is the symbol of svastika pointing to the left; it had been used in Poland. Svastika can also be found in symbolism of Svarog.

Comparison of Sanskrit and Russian

Slavic languages are similar, so the comparison shown below is made of words that sound equally and mean the same thing in Russian, Czech and Slovak. If you want to find out more about Sanskrit words, visit this website –

The first words on the left are in Russian, then follow words in Sanskrit and finally you may learn what they mean in English:

mama maatR mom brat bhraatR brother vsegda sadaA always putnik pathika pilgrim (or traveler) zit jiivati live kogda kada when nebo naaka heaven sneznij sahima snowy

Slavic languages have many similarities with Sanskrit, for example – catr (number four), which is spelled as “chetyre” in Russian and “shtyri” in Slovak, means the same thing. 9 He found the light of heaven, and fire, and Morning: with lucid rays he forced apart the darkness. As from a joint, Brhaspati took the marrow of Vala as he gloried in his cattle. Rig Veda, HYMN LXVIII. Brhaspati.

Juraj’s Hindu, esoteric, and computer karma at

admin November 9, 2014 Leave A Comment Permalink

Pope to bewitch Europe and mislead the masses!

Watch for the pagan sorcerer-pope to start performing many supernatural deeds, counterfeit miracles, to mislead the masses and get them eating out of his hand to support the Vatican’s elect to “defend” Europe and “Western Christian Civilization” and murder any who oppose them.

Daniel 11:36

The King Who Exalts Himself 36 “The king will do as he pleases. He will exalt and magnify himself above every god and will say unheard-of things against the God of gods. He will be successful until the time of wrath is completed, for what has been determined must take place. (Antiochus Epiphanes – “god in the flesh” – was only a type of the unholy Terror about to be unleashed).

Acts 8:9-11

Simon the Sorcerer 9Now for some time a man named Simon had practiced sorcery in the city and amazed all the people of Samaria. He boasted that he was someone great, 10and all the people, both high and low, gave him their attention and exclaimed, “This man is the divine power known as the Great Power.” 11They followed him because he had amazed them for a long time with his magic.

2 Thessalonians 2:7-12

7For the secret power of lawlessness is already at work; but the one who now holds it back will continue to do so till he is taken out of the way. 8And then the lawless one will be revealed, whom the Lord Jesus will overthrow with the breath of his mouth and destroy by the splendor of his coming. 9The coming of the lawless one will be in accordance with the work of Satan displayed in all kinds of counterfeit miracles, signs and wonders, 10and in every sort of evil that deceives those who are perishing. They perish because they refused to love the truth and so be saved. 11For this reason God sends them a powerful delusion so that they will believe the lie 12and so that all will be condemned who have not believed the truth but have delighted in wickedness.

Revelation 13:13-17

13And he performed great and miraculous signs, even causing fire to come down from heaven to earth in full view of men. 14Because of the signs he was given power to do on behalf of the first beast, he deceived the inhabitants of the earth. He ordered them to set up an image in honor of the beast who was wounded by the sword (final revival of the unholy Roman Empire of the German Nation) and yet lived. 15He was given power to give breath to the image of the first beast (imperial restoration), so that it could speak and cause all who refused to worship the image to be killed. 16He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, 17so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.

Biblical prophecy announces that the European Union will morph into a bloodthirsty BEAST, a politico-ECONOMIC superpower under the evil influences of the Vatican who will seduce it with satanic offers of all the kingdoms of this world and great riches in exchange for enforcing their idolatrous traditions, especially SUNDAY WORSHIP.

Watch for the pope and his “man of the hour” to storm the world stage, to put on a command performance, Satan at his best; the darkest before Dawn prophecies being fulfilled before our very eyes culminating with the real Jesus Christ’s return from Heaven to make the diabolical duo history!

This is bad news/good news: Beyond Babylon: Europe’s Rise and Fall.

David Ben-Ariel is a Christian-Zionist writer in Ohio and author of Beyond Babylon: Europe’s Rise and Fall. With a focus on the Middle East and Jerusalem, his analytical articles help others improve their understanding of that troubled region. Check out Beyond Babylon.

admin November 9, 2014 Leave A Comment Permalink

Getting to Know Sidings

Siding is one of the important parts on your homes. This is the exterior material applied to the walls of your houses or other buildings which are meant to shed water and protect the walls from harsh weathers. It is also the key in aesthetics of the structure of your house. Sidings have different materials used that cannot be change easily. With also all the types of Dutch Lap Siding available anywhere, Dutch Lap Vinyl Siding and dutch lap cedar siding are the most common nowadays.

  1. Horizontal Lap Siding – the most ubiquitous of all siding choices that can be made from fiber cement, vinyl, aluminum or wood. This choice is natural fit for a traditional-style or colonial home as it works well with symmetric compositions, boxy forms, and simple designs.
  2. Board and Batten – available in fiber cement or wood that looks like horizontal lap siding and a good choice for traditionally designed houses. It puts visual emphases on the vertical which creates taller-appearing houses.
  3. Shingles – can be made with fiber cement, wood or vinyl (polymer). Shingles are also called shakes which are well suited to traditionally designed houses with shingle, Arts and Crafts, or Craftsman aesthetic.
  4. Wood Strip Siding – can be used as horizontal, flat sliding that is sometimes installed in a tongue-and-groove configuration. The key of having this type of siding is for your house to have continuous waterproof membrane behind it.
  5. Fiber Cement Panels – often 4 feet by 8 feet large sheets of fiber cement panels create a uniform, flat surface treatment with shadow lines. This type of siding tends to be more contemporary.

There are many types of materials you can look upon when choosing the right siding that suits your house. Just remember that this sidings is worth the time to be put on your walls to protect your house from external causes of damage.

admin November 8, 2014 Leave A Comment Permalink

Experienced Immigration Lawyer in the UK to Help You Understand the European Immigration Law

Dreaming of working in one of the top countries of the world is a common phenomenon among people, especially from countries where opportunities of success and earning more are lesser comparatively do developed countries. Highly skilled professionals from various countries often take a flight to such countries. The United Kingdom or the UK is also one of most developed nations in world where people come from various parts of the world with a hope to earn more and make career in the right profession. National Government is also well aware of this (after getting thousands of visa application every month for work permit or UK work visa). And keeping the same in mind, immigration program was brought into effects in December 2001 for the duration of declaration of highly skilled Migrant Program.

Main object behind these policies was to draw the attention and persuading skilled professionals in the UK. Immigration department attract skilled people in the UK by offering immigration visa along with permission of Permanent Residency or Right of Abode in the UK. The amazing program truly brought a revolutionary change as more and more highly skilled professionals from various parts of the world flock to the UK with a hope of having Right of Abode along with better earning opportunity.

However, for residents of the European countries, visa is not mandatory. It is for those who are non-EU residents. If you are also one of them dreamt of working in the UK, you need work permit that is issued by the immigration department after getting some essential documents and following a certain criterion. Applying for the work permit is never so easy. For this having proper knowledge and understanding of European Immigration Law is also very important.

Experienced Immigration Lawyer in the UK – Find the Right Professionals at a Leading Firm

Today, there are a number of renowned and authorized immigration agencies in various cities and parts of the UK. You have to choose the right one and fill the query form according to your needs. These leading firms have OISC qualified advisers and experienced immigration lawyers/solicitors who help you at every step so that you can easily get the UK work permit.

These leading firms have carved a special niche as a famous and consistent immigration solicitor amongst migrants looking for the right legal assistance to live enduringly in the process of adobe in the UK. These reputed firms with the team of experienced immigration solicitors are the right places or immigration law practice firm, endowing with specialist advice on including, individual, business and human rights immigration. Whether you are private individuals, sole traders, multinational corporations, or citizen of Commonwealth Countries, you will get the right solutions and assistance from experienced immigration lawyer from an acclaimed firm. Understating European immigration laws in very important before applying for the work visa or any kind of other immigration solution. For this, finding experienced immigration lawyers is also a good decision.

admin November 3, 2014 Leave A Comment Permalink

Cruises to Northern Europe Ports

Independent comparisons have demonstrated that most deliver no more than a 10% development, which may perhaps be visible below the microscope, but not to our very own eyes.

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Northern Europe cruises provide a huge alternative, not only in cruise lines, style of ship, and value, but in destinations as nicely.

Cruises to Northern Europe, also referred to as Baltic cruises or Scandinavian cruises, cover a broad place that stretches from the British Isles through Scandinavia and on to St. Petersburg in Russia. They also contain the Baltic countries, the Norwegian fjords, and the islands in the much north Atlantic. Relying on the duration of cruise you select, you can see a lot more in this a person vacation than in two or 3 mixed.

Northern Europe cruises are a excellent way to see these parts of the globe simply because hotel rates and restaurant expenses can be rather great here. A cruise makes it possible for you to see all you want for an individual all-inclusive cost. The greatest time for cruises to northern Europe is from Might into September. The busiest and most expensive time to go is July and August.

There are also less cruise lines and ships that sail the following. Cruise lines that do offer you Northern European cruises are Azamara Cruises, Celebrity, Crystal, Cunard, Holland America Line, Norwegian Cruise Line, Oceania, Princes, Royal Caribbean, Seabourn, and Silversea.

Cruises to northern Europe have over 90 probable cruise ports allowing you to experience elements of Europe that several other people by no means have the probability to. You can see some of the most wonderful scenery and intriguing historical and cultural web-sites. On shore excursions you can go to museums and tour wonderful palaces, castles, and cathedrals.

The very best factor about Northern Europe cruises for people today who live in the United kingdom is the ability to embark from 1 of its many ports. For instance, on a cruise from Dover you can see:

? Copenhagen, Denmark – The Little Mermaid from Hans Christian Andersen’s tale sits at the harbor. You can tour the Tivoli gardens, lakes, and fountains and consider an excursion to the Castles of North Zealand.

? Oslo, Norway – This city is complete of items to see. Shore excursions incorporate a tour of the metropolis as well as yet another tour of Viking ships and an open-air Norse People museum.

? Invergordon, Scotland – At this port of phone you can stop by Loch Ness and the Scottish highlands.

? Newcastle, England – This 2,000 year previous metropolis is not just picturesque put complete if historic web-sites and sights, which include the “New Castle” that was constructed by the son of William the Conqueror. You can also see Blackfriars, an 800-year-aged Dominican monastery as nicely as Hadrian’s Wall, one particular of the most significant monuments built by the Romans in Fantastic Britain.

There are also other ports of get in touch with in both Norway and Scotland. With a Northern Europe cruise such as this one particular, you can see some of the greatest websites of four nations in just 12 days.

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More European Cost Savings

Ofcom have already forced mobile networks to reduce the cost to make and receive a call while in the EU making going abroad much cheaper. The calling costs are now capped at 28 pence for a call made in the EU back to the United Kingdom, and 19 pence to receive a call while in an EU country.

Last year the European Telecom Commissioner stated that she would impose a similar cap on data roaming costs if operators did not start lowering their costs. Cutting the cost of wholesale data is the first step, once enough operators are on board then consumer costs will drop – hopefully to a flat rate cost throughout the EU.

So five operators over Europe have joined together to agree a new wholesale rate. The operators, including 3, KPN and Base cover 10 European markets, over 60% of the European Union. As of March 1st the new agreed rate between the five operators will be 0.25 Euros, or 19 pence per MB.

So fingers crossed this will be the start of lower data roaming rates across Europe.

This and many other articles on mobile phones and the latest mobile phone deals was written by John Gray. John Gray’s writing can often be found at .

admin November 3, 2014 Leave A Comment Permalink

Wonders Of The European Lands Get The Taste Of Real Beauty

Europe has some great sites and places which are so awesome that they cannot be missed. These sites are architectural, natural and man made and give out clear depiction of the beauty of nature as well as skill of man. Wonders of the European lands are famous all over the world for their beauty and skill that has been used in making these great structures.

Out of the wonders of the European land, the Colosseum of Rome in Italy is one of the Seven Wonders of the World. The beauty of the place is so spectacular that it is very difficult to get out from the magical spell of this historical site. Also, there are other structures in Italy itself like numerous museums etc which are a great wonderful architectural treat to the visitors. The Vatican City has numerous such great wonders like the St. Peters Basilica and the Sistine Chapel which are an architectural wonder as well as a storehouse of great art pieces too.

Greece has the old and beautiful Acropolis temple of the 5th century which is a magnificent structure. The Parthenon temple dedicated to goddess Athena in Greece is also a great structure which is a superb site to see and rejoice. As an example of the modern day architecture, the Louvre Museum in Paris is also something which should not be missed. The vast expanse of the premises and the skill used to build it is simply remarkable. Other wonders of the European lands include The Alhambra, the Canals of Venice, the Fjords of Norway and the city of Pompeii, Blue Grotto, Vesuvius Volcano, Mont Blanc, Loch Ness etc.

The beauty of the wonders of the European lands is something which cannot be missed at any cost. The man made as well as the natural wonders have a great magic to them which is spellbinding.

admin November 3, 2014 Leave A Comment Permalink

RNCOS Releases a New Report- European Mobile Market Scenario to 2012RNCOS Releases a New Report- Eu

RNCOS has recently added a new Market Research Report titled, -European Mobile Market Scenario to 2012- to its report gallery. The report is an extensively researched objective analysis on the growing marketplace for mobile handset industry in the Europe. The report discusses the impact of technology on the mobile market and anticipates the future direction of key segments of the market. This report will help the clients to analyze the leading-edge opportunities critical to the success of the growing mobile handset market in Europe. The analysis given in the report is supplemented with the statistical facts and helps handset manufacturers, service providers, and investors navigate the evolving market of mobile handsets in Europe.

Markets Covered

This section covers the industry background, overview and number of operators in each region of the European mobile device and handset market. The report covers Bulgaria, Denmark, Finland, France, Ireland, the Netherlands, Poland, Turkey, the UK, Czech Republic, Germany, Hungary, Italy, Russia, Spain and Ukraine.

Market Analysis

The European mobile market, despite saturation (most of the region’s markets had exceeded 100% penetration at the end of 2007), continues to grow. Data ARPU has been resilient despite promotions lowering the price of SMS services, which alone can account for up to 90% of total data revenue. Operators have successfully focused on migrating subscribers to 3G, while GSM growth has been flat or minimal, though until flat-rate data plans become common, the expensive 3G services will remain under-used.

Key Findings

– The total mobile subscription in Europe reached 753.5 Million by the end of December 2007 at a CAGR of nearly 17.6% during the period 2002-2007. – In terms of subscriber base, the largest market in Europe is Russia with a share of 22%. In comparison, Ireland forms the smallest market with approx 0.7% share in 2006. – Total mobile subscribers in the European region are expected to increase at a CAGR of around 2.35% during 2008-2012. – Mobile collaboration is emerging as a big time phenomenon in Europe, thus driving the mobile industry of the region.

Key Issues & Facts

– What are the main factors that are driving the mobile market in the European region? – What are the recent trends and developments in the mobile industry in Europe? – What is the mobile subscriber penetration rate in Europe? – How value-added services are driving the mobile phone market? – What is the country-wise mobile subscriber base in Europe? – What are the future growth prospects and opportunities for the mobile industry in Europe?

Forecast & Analysis

The report gives an idea of the competitive landscape of the mobile industry through a detailed market sizing and forecast on the mobile handset market. The most optimistic and pessimistic approach of the market analysis helps the manufacturers and service providers to anticipate the future scenario of the European mobile market.

Key Players

This section provides an overview of the facts and financials of key competitors, including mobile handset manufacturers like Nokia OYJ, Motorola, Inc, Sony Ericsson Mobile Communications AB, Siemens AG, Samsung Electronics Co., Ltd., Ericsson Inc, BenQ Corporation, Alcatel-Lucent; and mobile phone service providers like Vodafone, Orange PLC, SONOFON Holding A/S, E-Plus Mobilfunk GmbH & Co. KG, TeliaSonera AB, and Elisa Corporation, among others.

Research Methodology Used

Information Sources The information has been sourced from authentic and reliable sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and access to more than 3000 paid databases.

Analysis Method Methods like ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis have been used in the report for prudent analysis.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.

For more information visit: Current Industry News:

admin November 3, 2014 Leave A Comment Permalink

Retreat from stock market, impending european implosion worrying

The WSJ is wrong or perhaps premature. Investors have not done an aboutface. Not yet. They ve wheeled around a few degrees from theircomfortable bullish trajectory of a few months ago.

But they willhave to keep turning in order to change course by a full 180degrees. Then, watch out below! What could make investors spin further against stocks? Two things: First, Europe could blow up much worse than people expect. The eurozone has been on the brink of disaster for so long, most people thinkit will stay on the brink forever as if there were an invisiblebarrier that keeps them from going over the edge. We are connoisseurs of disaster here at The Daily Reckoning . Not that we like them; we just appreciate them.

They clear away alot of dead wood. And, yes, dead presidents. People invest badly.They spend unwisely. All is well til the disaster hits. Then, thedead presidents disappear.

One thing we ve noticed is that disasters seem to take longer thanyou expect to start and then they move faster than youanticipated. Remember the blow-up? You could see it comingfor years. Then, when it happened it blew up fast. Poof hundredsof billions in dead presidents gone! So too the collapse of the housing industry particularly those low-docs, cash back, subprime mortgages was visible longbefore it happened. We waited.

We waited. And we waited some more.And then, when the catastrophe began, things happened so fast wecouldn t keep up with them. The breakdown in Europe could happen fast too. I don t know about you, said a hedge fund manager we talked tolast weekend, but if I were in Greece , I d be looking for a way to get my money out of the country.There s a very good chance the Greeks will convert euro depositsto drachma.

They will probably close the banks. The Greeks willprobably riot and burn banks if not bankers. So, what would you do if you were in Spain or Italy ? Wouldn t you be trying to read the handwriting on the wall too?And wouldn t you want to get your money out too? Of course you would. That s why the Swiss are talking aboutimposing negative interest rates, to try to discourage otherEuropeans from exchanging their euros from Swiss francs. You don t have to look very far ahead to see what would happen.Just wait til people start lining up in front of the banks to gettheir money out.

If you were in Athens and you saw people lining up to get their money out of thebanks wouldn t you get in line too? Most people would. And thebanks don t have enough money to honor all those depositors claims. So the banks have to go broke and the whole thing fallsdown hard. According to the news media, everyone is making plans for whenGreece says auf wiedersehen to the euro. But even an orderly exit of Greece from the euro is estimated to cost $1 trillion.

Andthere isn t enough money in all the banks in Euroland to pay for adisorderly exit. Which is one reason we re keeping our Crash Alert flag flying. The other major reason for guarding against a crash is this: allthe world s major economies are approaching recession. Old friend Marc Faber says he expects a global recession either in the last quarter ofthis year or early in 2013.

Asked about the odds, Faber put them at 100%. One hundred percent does not sound like odds to us. It sounds likecertainty. We doubt anything in economics is that sure. But let ssay the odds of a synchronized worldwide recession are only50%.

That still puts a lot of empty space between today s stockprices and a recession-inspired bottom. We wouldn t want to bestanding in that space, lest the market crash down upon our heads. You know, dear reader, that it is futile to make predications,especially about the future, as Yogi Berra would say. But heck, we ll take a guess. The euro zone won tfall apart at least, not completely.

The Germans will give way. Itwon t be pretty. No elegant solution will be found. Instead,an awkward, ugly even grotesque combination of concessions,compromise, and craven corruption will keep the European projecttogether. In fact, it will be more together than ever.

Francois Hollande and Angela Merkel will find a way to preserve the union. Most likely, the Europeanswill learn from the US. They will write a huge check to memberstates to cover or partially cover the debts of the past. Theunion will be responsible for the debts of, say, Greece or Ireland . It will be a scheme vaguely reminiscent of the Brady Bonds, or Alexander Hamilton s takeover of state debt after the American Revolution, with newdebt backed by the EU of extremely long duration (long enough to allow inflation to cutdown the real value of the bonds.) The debts of the future, on theother hand, will be the responsibility of member states (lendersbeware!).

Everyone can save face. Lenders (banks) will get theirmoney (more or less). Borrowers can avoid disorderly defaults andbankruptcy (more or less). And Germany and France can hold onto their beloved European Union (more or less) andstill not be on the hook for Greek behavior going forward.

But as to the second danger that of a global recession and bearmarket investors won t be so lucky. The odds may not be 100%,but they are high enough so that a wise investor will take cover. Beware the disappearance of dead presidents in a crash. Then,beware again: the dead presidents could stay dead for a long, longtime.

Regards, Bill Bonner for The Daily Reckoning.

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admin November 2, 2014 Leave A Comment Permalink