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The Saker
A bird's eye view of the vineyard

offsite link East Asia Summit: President Putin Thu Oct 28, 2021 00:15 | amarynth
East Asia Summit The President addressed, via videoconference, the 16th East Asia Summit. The 2021 East Asia Summit was held under the chairmanship of Brunei Darussalam. The participants discussed the economic recovery of the Asia-Pacific Region and overcoming the consequences of the coronavirus

offsite link Bayraktar or fake? Lot of questions Wed Oct 27, 2021 23:40 | The Saker
I had the chance to see a fuller video of the presumed Bayraktar strike.  A lot of things look weird: It appears that the entire crew ran away after some

offsite link Is there life (as we know it) after the Great Reset? Wed Oct 27, 2021 20:48 | amarynth
By Francis Lee for the Saker Blog According to the economics textbooks, the market mechanism is the most effective method of ensuring technical and allocative efficiencies in a capitalist economy.

offsite link Ukronazis used 2 Bayraktar drones against the LDNR: war next? Wed Oct 27, 2021 17:23 | The Saker
Yesterday I reader emailed me telling me that the Ukronazis had used a Bayraktar attack drone against the LDNR.  I replied that I doubted it very much because as far

offsite link Guns and Butter: The Caucasus Conflict and Global Trends ? Guest Andrei Martyanov Tue Oct 26, 2021 23:27 | amarynth
From Bonnie Faulkner at Guns and Butter with Guest Andrei Martyanov The Transcaucasia region, Georgia, Armenia and Azerbaijan, between the Black Sea and the Caspian Sea is discussed; Baku, capitol

The Saker >>

Lockdown Skeptics

The Daily Sceptic

offsite link Convicted Rapist Spared Jail Due to Being Vulnerable to Covid Tue Oct 26, 2021 14:21 | Luke Perry
Convicted rapist avoids jail after judge declares that he is too vulnerable to Covid.
The post Convicted Rapist Spared Jail Due to Being Vulnerable to Covid appeared first on The Daily Sceptic.

offsite link Postcard From California Tue Oct 26, 2021 11:11 | Toby Young
We're publishing a new addition to our long-running series 'Around the World in 80 Lockdowns' today, this one from California. It's by Clive Pinder, one of the tireless Daily Sceptic moderators.
The post Postcard From California appeared first on The Daily Sceptic.

offsite link Leaked Government Report Claims That Vaccine Passports Would Fail to Stop COVID Transmission Tue Oct 26, 2021 10:55 | Luke Perry
A leaked Government report has concluded that vaccine passports will be counterproductive in preventing the transmission of Covid while bringing economic harm.
The post Leaked Government Report Claims That Vaccine Passports Would Fail to Stop COVID Transmission appeared first on The Daily Sceptic.

offsite link Study Links Pfizer and Astrazeneca Vaccines to Life Threatening Side Effects Tue Oct 26, 2021 10:35 | Luke Perry
A study has linked the Pfizer and Astrazeneca vaccines to serious neurological and physical side effects, including haemorrhagic stroke and muscle weakness.
The post Study Links Pfizer and Astrazeneca Vaccines to Life Threatening Side Effects appeared first on The Daily Sceptic.

offsite link People are Still Pushing ?Zero Covid? Tue Oct 26, 2021 08:32 | Noah Carl
At this point in the pandemic, you might say 'Zero Covid' is a non-starter. Yet a recent article argues that "COVID-19 must be eliminated". As you might expect, this article ignores the crucial role of immunity.
The post People are Still Pushing ?Zero Covid? appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Billions of euros to "innovate" the nuclear NATO, by Manlio Dinucci Tue Oct 26, 2021 13:25 | en

offsite link Russia prepares the curtain call, by Thierry Meyssan Tue Oct 26, 2021 08:58 | en

offsite link Rapprochement between USA and Saudi Arabia Fri Oct 22, 2021 18:15 | en

offsite link Bashar al-Assad is no longer objectionable Fri Oct 22, 2021 17:37 | en

offsite link Mali accuses France of training the terrorists it professes to fight Wed Oct 20, 2021 11:19 | en

Voltaire Network >>

Iceland Out of Recession

category international | eu | other press author Wednesday December 08, 2010 09:57author by Baggie Report this post to the editors

Iceland out of recession reports Guardian.

Burn the Bondholders!

http://www.guardian.co.uk/business/2010/dec/07/iceland-...arter

Iceland exits recession
Decision to force bondholders to pay for banking system's collapse appears to pay off as economy grows 1.2% in third quarter

• Phillip Inman
• guardian.co.uk, Tuesday 7 December 2010 20.18 GMT
Nobel prize winner Paul Krugman has repeatedly called on Ireland, Greece and Portugal to consider leaving the euro area and defaulting on debts. Photograph: Mike Clarke/AFP/Getty Images
Iceland's decision two years ago to force bondholders to pay for the banking system's collapse appeared to pay off after official figures showed the country exited recession in the third quarter.
The Icelandic economy, which contracted for seven consecutive quarters until the summer, grew by 1.2% in the three months to the end of September.
Iceland famously agreed in a referendum to reject a scheme to repay most of its debts that were once worth 11 times its total national income.
In contrast to Ireland, Iceland's taxpayers refused to foot the bill for the debts accumulated by the banking sector. Bondholders were told to accept dramatic reductions in the value of repayments on bank debt after the sector borrowed beyond its means to fund ambitious investments abroad.
The return to growth is likely to put pressure on Irish politicians to explain why Dublin rejected a more radical restructuring of its debts and a departure from the eurozone.
Iceland's currency has fallen by around a quarter, helping its exports.
Economists on the right and left have recommended country deep in debt restructure repayments with bondholders, in effect writing off much of the debt.
Nobel prize winner Paul Krugman (pictured) has repeatedly called on Ireland, Greece and Portugal to consider leaving the euro area and defaulting on debts.
Iceland's recession has proved less severe and shorter than many analysts and the International Monetary Fund had feared.

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