-FED, no taper
-Boehner ties Budget to Killing Obama-care
-Extensive Rioting in Greece
-As water recedes, 8 or more dead, thousands stranded in unprecedented USA Govt weather engineered event in Colorado. Virtual Press black out on suffering by Washington Likudniks and phony Patriots in the Pentagram
-Mossad Agent Al Sissi extracts coerced confession out of Mubarak he started Yom Kippur war in Conjunction with Syria to justify imminent war.
-Polls Show Merkel Coalition will have to break up
-NYC Demands Taxi Drivers Drive Nissans Only , Manhattan Fed AG says NY rife with Corruption
-Obama looking for Budget Shutdown-WSJ
-Spanish bad loans for July continued to hit fresh record highs
-SEC Forced to fan out over London this week due to UK Banking Criminality
-S&P Waters down MBS rating to get more business-Just like in 2007
-EU Parliament considering SWIFT Suspension due to NSA spying on EU financial transactions
-Fresh evidence surfaces Rebels behind latest chemical attack
-Japan said to be mulling plans to shoot down unmanned Chinese Drones near disputed Island
-France escalates calls for Force in Syria on ginned up UN report by Investment Banker Ban Ki Moon’s team
-China Pulls the sell UST card to stop war mongering and/or force some tapering..
-Israel admits it has been trying to illegally topple Assad govt for 2 Year, coincident with big oil strike
-Compare the news one person fetched over 24 hours versus what you were not told by Alex Jones and his staff of 35 today or by the five Hebrew Clowns at Zero Hedge or by BBN or Reuters. Matt Drudge and casts of 1000s from the CIA/Mossad who feed him, and Jeff Rense and however many new age groupies he has helping him, what did they not tell you today?
These people’s main job is to not report the news and if they should have to , to make sure you never ask the right questions, and if you make it that far, then they lead you to the wrong conclusions. Then if you come up with the right conclusion to ad hom you with the ‘conspiracy nut’ and attack and attack and attack.
Alex Jones has to be on the payroll, no one could be possibly that stupid with 35 employees and fetch so little hard news in a 24 hour cycle as his team did. Especially when I catch the so called Indy people reading this blog as often as the spooks. I think everyone at the Infowars organization is more or less snoozing and cruising and CPing it for being stooges for the PTB.
I’m very, very disappointed at this indy media. Hats off to the ‘real’ indy media like the guy who did the detailed meteorology for the Colorado Weather wars. That was spectacular.
I’m so, so tired of betrayal, lies, false flags, greed, wars, England, Israel, Washington DC, NYC, London, and most of all the Judas goats pretending to be Christians and on the Rothschilds /CIA Payroll. This guy is shameless.
-Well I got the right call, no taper. Which made it easy to make sure my spread trade was set appropriately.
Here is the Conf Link. I’m done for the day. Just going to ride long up and try and get back on short. Merkels election, EU needs ‘float’, Wars, Budget battle, lousy data. Bernanke knows the real jobless rate is over 20 %. I had a less than 25 % chance he would even taper by 5 billion. Golds knock down told the story for sure.
Release Date: September 18, 2013
For immediate release
Information received since the Federal Open Market Committee met in July suggests that economic activity has been expanding at a moderate pace. Some indicators of labor market conditions have shown further improvement in recent months, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has been strengthening, but mortgage rates have risen further and fiscal policy is restraining economic growth. Apart from fluctuations due to changes in energy prices, inflation has been running below the Committee’s longer-run objective, but longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic growth will pick up from its recent pace and the unemployment rate will gradually decline toward levels the Committee judges consistent with its dual mandate. The Committee sees the downside risks to the outlook for the economy and the labor market as having diminished, on net, since last fall, but the tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement in the economy and labor market. The Committee recognizes that inflation persistently below its 2 percent objective could pose risks to economic performance, but it anticipates that inflation will move back toward its objective over the medium term.
Taking into account the extent of federal fiscal retrenchment, the Committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program a year ago as consistent with growing underlying strength in the broader economy. However, the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases. Accordingly, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative, which in turn should promote a stronger economic recovery and help to ensure that inflation, over time, is at the rate most consistent with the Committee’s dual mandate.
The Committee will closely monitor incoming information on economic and financial developments in coming months and will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until the outlook for the labor market has improved substantially in a context of price stability. In judging when to moderate the pace of asset purchases, the Committee will, at its coming meetings, assess whether incoming information continues to support the Committee’s expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer-run objective. Asset purchases are not on a preset course, and the Committee’s decisions about their pace will remain contingent on the Committee’s economic outlook as well as its assessment of the likely efficacy and costs of such purchases.
To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Charles L. Evans; Jerome H. Powell; Eric S. Rosengren; Jeremy C. Stein; Daniel K. Tarullo; and Janet L. Yellen. Voting against the action was Esther L. George, who was concerned that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations.
-No taper, dumped short, boosted long
-Spread trader here. t-3 minutes
stupid govt official-White House official says Yellen front runner for FED chair, Reuters reports.
-10 minutes before FMOC
-Another indy writer notes crock of lies in Navy Shooting
Note local who walked/drove by the place said they had very, very tight security including marines there. All lies all the time by the Pentagon/White House/Police/Washington DC thugs
Elite police team sent to Washington’s Navy Yard shootings was ordered to leave rather than intervene, BBC learns http://bbc.in/19eggQF
Why bother they probably had Seal Team Whatever shooting up the fish then the patsy and sex orgy there after to celebrate what ‘men/homos’ they are in the Navy. Could have been Mossad/SAS contractors I suppose.
The FOMC’s big decision is at 14:00ET and Chairman Bernanke’s press conference at 14:30ET. After bottoming out on Monday at seven-week lows versus the greenback, the euro has rallied into the upper half of its recent range, hitting 1.3365 overnight. EUR/USD has softened a bit coming into the US session, to around 1.3340.
With Congress racing toward the end of the federal government’s FY on Sept. 30, the deadline to avert a government shutdown, the House GOP continues to place roadblocks in the way of short-term budget extension in the perennial game of chicken Congress and the White House have played these last 3 years over the budget. Obama seems equally bent on shutting down the govt to get unlimited spending. Senate majority leader Reid and minority leader McConnell warned that there is no plan B if things fall apart in the House. Last week the House had to shelve a two-step plan that would have funded the government and allowed a separate (but symbolic) vote on defunding Obamacare. This morning House Speaker Boehner is pushing a plan for a single bill that both funds the government and defunds Obamacare, although it has little chance of passing the Senate, bringing a shutdown even closer to becoming a reality. Obamacare is extraordinary unpopular, and more so every day with everyone, but the paid off whores on both sides of the aisle in the Senate working for the British-Israel New World Order and with the Insurance companies that have no limit on what they can charge for govt mandated health car enjoying the same virtual immunity from usury charges credit card companies presently have.
Walgreen joined many other big corporations in moving a big chunk of its workforce off the company’s health insurance plan and onto private online marketplaces known as exchanges. Approximately 160K employees, or 67% of Walgreen’s workforce, will join Aon’s exchange, which begins operations on Jan 1st, 2014, although the first Obamacare exchanges will start up next month. Shares of AON are up 2.5% or so. Employees lose out, Zionist owned Insurance firms win!
The August starts and permits data is the latest housing report that suggests the industry has leveled off after months of surging business.
Shares of Adobe are up 7.5% despite missing consensus expectations in both its Q3 report and its Q4 guidance. Traders are buying on the firm success in moving customers onto recurring software subscriptions under its Creative Cloud service. Multiple analysts raised PTs on the firm. FedEx is up 2.8% thanks to decent Q1 results and news that its express unit will increase shipping rates by an average of 3.9% effective January, 2014, even though top line revenue growth was not in line with real inflation rates and as package shipment growth in the USA was virtually non existent. FedEX has done an excellent job in squeezing costs (employees).
General equity has drifted down since the opening as the budget woes played out on Financial TV but are rebounding slightly into the FOMC meeting. Gold managed to prop its head above 1300 but is clearly being whacked by Goldmans who said they would whack gold going into the taper. We know why Goldman always wins in gold trading, they see everyone elses trade first thank to the NSA. The NSA assures everyone they can be trusted, just like on 911 apparently. Bond markets in the USA ignored China now show at the TIC trough yesterday and China’s warning of too much exposure to USTs overnight. But when you got a balance sheet of 3.5 Tln of Bonds you’re the market maker and price fixer and setter, so what does the FED care ?
(US) MBA Mortgage Applications w/e Sept 13th: +11.2% v -13.5% prior
(US) Aug Housing Starts: 891K v 923Ke; Building Permits: 918K v 950Ke
(US) DOE Crude: -4.4M v -1.0Me; Gasoline: -1.6M v +0.5Me; Distillate: -1.1M v +1.0Me
(BR) Brazil Sept Final IGP-M Inflation: 1.4% v 0.1% prelim
|Japan: Nikkei 225||14505.36||193.69||1.35%|
|Stoxx Europe 600||313.28||1.33||0.43%|
|UK: FTSE 100||6558.82||-11.35||-0.17%|
|Australia $ (AUD/USD)||0.9369||0.0014|
|Swiss Franc (USD/CHF)||0.9241||-0.0018|
|WSJ Dollar Index||73.33||-0.11|
|E-mini S&P 500||1695.25||-3.00||-0.18%|
|U.S. 10 Year||-3/32||2.864|
|German 10 Year||-10/32||2.003|
|Japan 10 Year||1/32||0.713|
-Late Europe, Europe Close
Complete tape painting job by ESM/ECB ahead of elections. Just continued to build short in DAX. Former Italian Prime Minister Silvio Berlusconi is considering running for election as a member of the European Parliament for Estonia, a country where Italian laws prohibiting him from running for office do not apply, according to press reports.Note that in Italy, it is looking as if Berlusconi may refrain from blowing up the government as the Senate panel votes this morning to strip him of his status, ahead of a full Senate vote in the next few weeks.
(PL) Poland Aug Sold Industrial Output M/M: -4.5% v -3.8%e; Y/Y: 2.2% v 2.7%e
(PL) Poland Aug PPI M/M: -0.3% v 0.1%e v 0.2% prior; Y/Y: -1.1% v -0.7%e
(PT) Portugal Aug PPI M/M: 0.0 v 0.6% prior; Y/Y: 1.1% v 1.3% prior
|UK: FTSE 100||6558.82||-11.35||-0.17%|
|France: CAC 40||4170.40||24.89||0.60%|
|Stoxx Europe 600||313.28||1.33||0.43%|
|Japan: Nikkei 225||14505.36||193.69||1.35%|
-House Speaker Boehner, under pressure from conservatives, said that the House would vote on legislation that would link essential funding to keep the government open this fall with a cut-off of funding for the health-care law. WSJ
-GOOG/APPL Launch Health Science firm to beat death-Time Magazine
They already have the technology but its got be done in the test tube. This is to make sure team Anglosaxon-Israel are first in line for immortality. No respect for God and the length of days he programmed our lives for. Naturally you need a lot less people if everyone lives for 700-1000 years like the Bible said man used to before God shortened our lives as we got too corrupt with age. The ‘nice’ thing is you will live to 700 or 1000, not age at all in terms of being tired and your body will finally give out. By them they , the British-Israelite hope to transfer their spirits/souls to a machine. Big fantasy of being God by the Secular Jews like Ray Kurzweil, Star Treks William Shatner (too late for you fatty).
-S&P Warns on Portugal Debt
-Colorado Floods leave at least 8 dead, 1000s stranded in USA Govt weather engineered event
Big Censorship by the New England gang. The world centers around the pricks from Tel Aviv-London-NYC and Washington DC and their false flags.
Weather wars. Many years ago I was traveling on business through there and picked up a local paper and found out the Queen of England had purchased property right about where the storm was centered. Looks like she does not want any neighbors. Maybe she plans to rule the USA from there with her evil Scions. Denver is supposedly the back up USA Capitol after the Coasts are destroyed. Looks like this is the prep work to build the infrastructure the Crown wants and foist the bills off on the rest of us.
-Silvio Berlusconi vows to remain at centre of Italy’s political life, even if expelled from Parliament for tax fraud
-Prince Williams Personal Military Guard Dogs put down as too violent after he leaves Military Service
Gone ahead of him to the river Styx. Demon dogs, probably engineered in a lab, they did not want the public to see and not suitable for ‘re-homing’?
-Mubark (coerced ?) Confession he started Yom Kippur war first
He was an idiot if he did as he took the bait. When people are pleading for their life they often confess to the strangest things. Various IDF sources have said Israel attacked first, others have said Israel wanted the war badly and baited them into a preemptive war to get control of the Sinai /Suez ,which they were thwarted from when they went to war with the Brits/France in 1956 to grab it back from Egypt after Nasser nationalized it when England’s extended operating agreement expired.
Recall Rothschilds funded the Brits portion of the canal and got the King of Egypts share at fire sale prices, back in the the mid 1800s after he had gone in hock with France to build it. Then the English invaded Egypt/Sudan to guard it in the 1880s and took possession of Egypt’s govt to control it with hand picked lackeys after the King was given the boot from running the govt and reduced to a figure head. England got that canal at fire-sale prices and road the Suez canal concession for nearly 100 years even though they never built it. Without it the English would have been defeated early in WW1 and WW2. They plan these wars decades ahead of time. That is why ‘they’ don’t lose in general.
IDF officer Israel Shahaks research deviates quite a bit from Mubarak’s supposed confession. Remember Mubarak is under the thumb of Mossad/Jewish agent Al Sissi and Israel is looking for a reason to go to war. The 73 war was jointly against Syria and Egypt with Israel looking explicitly to gain the Golan Heights and watershed and the Suez Canal/Sinai.
Israeli author Israel Shahak, and former IDF Officer wrote in 1997: “Israel clearly prepares itself to seek overtly a hegemony over the entire Middle East…without hesitating to use for the purpose all means available, including nuclear ones.”
Mubaraks confession is strangely timed. Israel is seeking ‘justification’ from its Rabbis for ‘revenge’ killing for war they almost assuredly started in 1973 even if they did not fire the first shot so to speak, , so the Rabbis can bless the imminent war to carve Syria up so Israel-Kurdistan can get those 4 Tln dollars worth of oil as justified revenge with this latest Mubarak confession. Syria/Egypt ‘started’ the war and Israel must be avenged of the deaths in Syria according to Jewish law. An Eye for and Eye a tooth for tooth, ex the Talmud demands 10,000 lives for the life of every Jew who is killed.
This is Zionist Kabuki theater. Very strange unless you know the mind of the Jew and the laws of revenge demanded by the Talmud. This likely coerced confession says the Syrian war is fait accompli in Syria, at least in the minds of the Israelis and their rabbis. They have ‘justification’ now to slaughter the Syrians with Mubarak’s confession, which I do not believe he would have given willingly knowing as most all Arabs do know the Jews think about, and dream about , and extract revenge even if it takes thousands of years. Likely his family was threatened by Mossad types brought in to extract the confession by Crypto Jew, General Al Sissi. With this confessions the Rabbis would not believe their strange god was on their side in attacking Syria and carving it up.
-Lavarov: Russia to provide UNSC with data for chemical weapons’ use by Syrian rebels
Arrest John McCain /Lindsey Graham for fomenting war crimes
-Boehner in deep Electoral cess pool over Syria Betrayal
Boehner: House will defund Obamacare-BBN-TV
Likely he was going to lose his speaker ship and be kicked to the floor with his Zionist lover Cantor.
1/2 Of Tory Party has Quit since Cameron took the reins in 2005
-Markets at a Glance
Just treading water until the FOMC witching hour. London had to knock gold below 1300. That is what they do in London. Naked short, and steal other peoples gold and lie about it.
|Japan: Nikkei 225||14505.36||193.69||1.35%|
|Stoxx Europe 600||312.64||0.69||0.22%|
|UK: FTSE 100||6561.05||-9.12||-0.14%|
|Australia $ (AUD/USD)||0.9351||-0.0005|
|Swiss Franc (USD/CHF)||0.9259||-0.0001|
|WSJ Dollar Index||73.41||-0.03|
|E-mini S&P 500||1697.50||-0.75||-0.04%|
|U.S. 10 Year||-2/32||2.861|
|German 10 Year||-10/32||2.004|
|Japan 10 Year||1/32||0.713|
-Surveillance ruling: No telecommunications company has ever challenged the government’s orders to turn over records in the National Security Agency’s phone-data-collection program, according to a declassified court opinion released Tuesday. WSJ
‘Rampant’ corruption: Manhattan U.S. Attorney Preet Bharara told a new state commission on Tuesday that New York politics is infected with a “show-me-the-money culture.” AP
Pray for this young man’s safety. Thanks.
-How Disloyal and Traitorous are the people of NYC
Well the national news has kept this silent. You have to buy a Nissan, a Japanese made Nissan if you want to be in the Taxi business in NYC. Boycott NYC. Try not to spit on any New Yorkers and refrain from calling them greedy traitors and redcoats and banking criminals if you meet one as leopards don’t change their spots. No wonder Jesse Jackson quipped once NYC was ‘hymie’ town. What an un-American city just like Washington DC and London and Tel Aviv. Japan’s unemployment is 4 %, and the USA has 25 unemployment/underemployment and Bloomberg and his gang of Anglo-Zionists and LGBTs demand you buy a Nissan? Now you know why Bloomberg went to London and turned NYC into Pig-Central after talking to Rothschilds. How much is the Jew Bloomberg making off this corruption? That is want to know. What was the payola as they say in NYC?
Truly the Controversy of Zion
-Meet the Bidens, Lawless Jews-Lesbian Brawl
A niece of United States Vice President Joseph Biden was charged on Tuesday with allegedly taking a swing at a New York City police officer who was at the woman’s home to break-up a fight with a roommate, a law-enforcement official said.Caroline Biden was given a desk appearance ticket on Tuesday afternoon for obstructing government administration, resisting arrest and harassment, the official said.Ms. Biden was released and will have to appear in court some time in the next month. It was unclear if she had retained an attorney.Police were called to a Tribeca apartment just before 8 a.m. regarding a dispute between Ms. Biden and a roommate, the official said.When the officer got between the roommates to keep them separated, Ms. Biden allegedly “swung at the female cop” and was taken into custody, the official said.Ms. Biden is the daughter of Mr. Biden’s brother James Biden Sr. WSJ
-The Controversy of Zion
Anglosaxon Judge Steals 36 Story Mid Town Manhattan Bldg from Iran to reward delusional /misinformed or lying Zionists ‘claimants’ stating Iran carried out 911
The USA law is truly Justus Anglosaxons and our Jewish cousins. I have never seen such a lawless govt. Here NATO/Israel are making war on Iran with these sanction and Mossad/MI6 lead and funded rebels and terrorist trying to destablize their govt, just like they are doing in Syria, and the Iranians are blamed. No good deed goes unpunished by the NYC crowd.
Manufacturing another Zionist reality, just like the Holocaust extortion racket against Germany that never ends. Here are the people that want the building. Jewish 911 ‘victims’ mainly. These people were already paid around 4.5 million per family by the rest of the USA in what was a clear false flag spearheaded by Israel and the UK on 911 . If Hell did not exist for these British-Israelites, nature would create it. Hey they have an official 911 report issued by a bunch of Lying Anglosaxon and Jewish extremists, aka neocons, and since the neocons are Friends of the Bush family who are good friends of their cousins the Windsor-Rothschilds say it is so, it must be so, despite the laws of physics making liars out of Bush’s friends on the 911 commission. I wonder if George Bush and Dick Cheney ever stay awake at night thinking about hell. We do know that Dick Cheney sleeps with the light on.
Pray for Justice for the Anglosaxons and their Zionist allies in the USA. Looks like eventually Israel is recompensed and utterly destroyed forever for its wickedness. You never hear anyone preach about this. Zion is in England now so hard to say if they will be destroyed as well.
8 For it is the day of the Lord’s vengeance, and the year of recompences for the controversy of Zion.9 And the streams thereof shall be turned into pitch, and the dust thereof into brimstone, and the land thereof shall become burning pitch.10 It shall not be quenched night nor day; the smoke thereof shall go up for ever: from generation to generation it shall lie waste; none shall pass through it for ever and ever.10 But the cormorant and the bittern shall possess it; the owl also and the raven shall dwell in it: and he shall stretch out upon it the line of confusion, and the stones of emptiness.12 They shall call the nobles thereof to the kingdom, but none shall be there, and all her princes shall be nothing.13 And thorns shall come up in her palaces, nettles and brambles in the fortresses thereof: and it shall be an habitation of dragons, and a court for owls.
-FEDEX earning keeping up with real inflation on declining revenue in real terms. Anemic USA market
For the quarter ended Aug. 31, FedEx reported a profit of $489 million, or $1.53 a share, up from $459 million, or $1.45 a share, a year earlier. Revenue rose 2.1% to $11.02 billion. Analysts surveyed by Thomson Reuters had projected a per-share profit of $1.50 and revenue of $10.97 billion.Operating margin widened to 7.2% from 6.9%. “Growth in overall demand for our broad global portfolio of solutions drove our improved first-quarter results,” said Chairman and Chief Executive Frederick W. Smith. He added FedEx Express remains focused on cutting costs as it faces challenging global economic conditions, while FedEx Ground continues to generate strong profitability as demand grows. The company backed its full-year earnings projection.The express-shipping business–by far the company’s largest top-line contributor–reported revenue slipped 0.4%. The segment’s operating profit jumped 14%. Package volume rose 1% in the U.S. and 4% abroad.The ground-shipping segment posted revenue growth of 11%, helped by continued growth in home delivery and commercial business services. Operating profit rose 5.2%, while average daily volume rose 11% for FedEx ground and 26% for FedEx SmartPost
-Obama looking for Budget War next
The European Commission has unveiled plans to start talks on an investment agreement with China in May. (trading jobs for trading profits for the banks)
Feckless evil spawn of Satan/Rothschilds Hollande , in the face of rising anger and opposition to his intransigence to a Syria peace, tossed a soupcon to the French rabble and averred taxes might be too high.France’s state auditor yesterday urged the government to limit spending rather than increase taxes to improve the government budget, warning that the system could be hurt by an interest rate increase due to the reliance on short term debt funding. The French press was forced to carry Russia’s rebuttals and Syria’s new evidence which no doubt took the wind out of the Zionist warship sails this morning in France.
Sweden Central Bank (Riksbank) Minutes said there are increasing signs of improved economic activity; signs of economic improvement abroad is uneven; households remain highly indebted which means vulnerability to shocks.
Bank of England (B0E) Minutes: No members judged more stimulus appropriate at present; no comment on if market rate expectations are justified. BOE staff now sees Q3 growth at 0.7% vs 0.5% seen in Aug. Sterling rise likely to dampen inflation over the medium term, but oil price increases if sustained could boost inflation in the short-term. (BOE) Agents Survey: UK firms broadly positive about BoE forward guidance.
The City of London attacked Germany’s weak population dynamics in the WSJ. If you run big debt you had better have big growth and growth requires Children. German culture is far too selfish and unChristian these days, much like the USA. Germans will either have to import Muslims/Turks or maybe go after the 30-40 million German Americans and get them to return home. Not likely with the Zionist Jews running Germany.
Five days ahead of the German elections, a new Allensbach poll shows that Chancellor Merkel’s governing coalition would not retain its parliamentary majority – with the CDU/CSU on 39%, the SPD on 25%, the Greens on 11%, Die Linke on 9%, the FDP on 6%, the AfD on 3.5%, and the Pirate party on 2%.
German Chancellor Merkel said is planning to reform renewables act after the election. She will press the EU for climate reduction target for 2030. Separately EU Parliament environmental panel rejected CO2 market report.
Italy is considering delaying target of achieving balanced budget in structural terms until 2014, according to govt source.Maurizio Gasparri, a senior member of Silvio Berlusconi’s PdL party and a Vice-President of the Italian Senate, said yesterday, “It’s time to stop it with the ‘corporals of the day’ such as [EU Economic and Monetary Affairs Commissioner] Olli Rehn, a Mr Nobody who comes to Italy acting as a supervisor. He should rather meditate on the disasters that people like him have caused by destroying Europe. Thick bureaucrats who kill the peoples and make the continent die because of China’s unfair competition and [their] ruinous economic policies.”
El Pais reports that the Catalan government’s National Transition Council is finalising a report aimed at challenging the legal argument that an independent Catalonia would find itself out of the EU as Spanish Banks bad loans continued to mount in July. El Pais reported the Spanish government expects to save nearly €33bn between 2014 and 2022 thanks to the new pensions reform currently being drawn up.
UK-IOD, Director General Simon Walker: “In too many areas, Europe has lost its way… IoD members value the single market, but there’s much less enthusiasm for EU intervention in corporate governance, employment law and home affairs.” A poll of IoD members found that 57% of those surveyed called for David Cameron to follow through on his pledge to renegotiate the UK’s relationship with the EU. If a referendum were held, 49% of those said they would vote for the UK to remain a member of the EU and a third said continued membership would depend on a renegotiation. 15% said they would vote for a British exit. Mr Walker will say that “creating a single market for the services market and for the digital economy must be a priority”. (UK wants to rape every financial /advertising market in Europe with impunity ).
The Central Bank of Ireland has agreed a deal with the EU/IMF/ECB troika that will see Irish banks reach debt agreements with 15% of customers which have been in arrears on a mortgage for more than 90 days by December.
Belgium said its studying sale of its stake in BNP, no doubt taking its clue from the UK Treasury dumping its shares of LL on the market yesterday.Domestic European telecoms regulators have criticised the recent Commission proposals to overhaul the market, saying they were “rushed through” and adding that the state of the sector is “not quite as bleak as has been suggested”.
(UK) BOE VOTED 9-0 TO LEAVE INTEREST RATES UNCHANGED AT 0.50%
(UK) BOE VOTED 9-0 TO MAINTAIN ASSET PURCHASE TARGET (APT) AT £375B
(CH) SWISS SEPT CREDIT SUISSE ZEW EXPECTATIONS SURVEY: 16.3 V 7.2 PRIOR
(GR) GREECE JULY CURRENT ACCOUNT BALANCE: €2.73B V €663M PRIOR
Stoxx50 moves Basic Materials +1.1%, Industrials +0.7%, Technology +0.7%, Consumer Cyclical +0.4%, Consumer Non-Cyclical +0.4%, Financials +0.2%, Utilities flat, Telecom flat,; Energy -0.5%
|UK: FTSE 100||6576.95||6.78||0.10%|
|France: CAC 40||4167.22||21.71||0.52%|
|Stoxx Europe 600||313.38||1.43||0.46%|
|Japan: Nikkei 225||14505.36||193.69||1.35%|
|Swiss Franc (USD/CHF)||0.9265||0.0006|
|Australia $ (AUD/USD)||0.9350||-0.0005|
|WSJ Dollar Index||73.42||-0.02|
(IT) Spanish and Italian Bonds trade places as credit markets await Berlusconi fate, which will probably be postponed again today.
(EU)ECB’s Coeure: Sound financial system is important for financial stability, must lower fragmentation in the system. In the coming weeks, Eurosystem will finalize new framework for assessing securities settlement systems to decide eligibility for Eurosystem credit operations.
(EU) European repo market grew by about 9% in H1
(EU)ECB’s Money Market Contact Group Minutes: Draghi tells group ECB intends to move to simpler collateral framework when fragmentation is significantly reduced.
(DE) German FDP party would like to see the ESM expire as soon as a working stability union is established.
(BE) Belgium studying sale of its stake in BNP
(GR) German Fin Min Schaeuble: There will not be a second haircut for Greece debt
(CY)Cyprus Fin Min Georgiandes: Will do whatever we can to attract new companies; will not implement new taxes
(ES) Spain bank rescue fund (FROB) chief Carrascosa: Spain burden sharing cut recap cost by €13B; FROB to begin sale of NCG Banco in Oct
(PT) PORTUGAL DEBT AGENCY (IGCP) SELLS €1.25B V €1.00-1.25B INDICATED IN 3-MONTH AND 18-MONTH BILLS; Sells €500M in 3-month Bills; Avg Yield: 1.081% v 0.766% prior; Bid-to-cover:1.8x v 3.4x prior; Sells €750M in 18-month Bills; Avg Yield 2.293% v 1.603% prior; Bid-to-cover: 2.0x v 2.1x prior
(SE) Sweden sells SEK3.5B in 2019 bonds; Yield 2.027% v 1.2850% prior
(DE) Germany sells €4.22B in 0.25% 2015 Schatz; Avg Yield: 0.22% v 0.23% prior; bid-to-cover 1.6x v 1.8x prior
|German 10 Year||-10/32||2.004|
|France 10 Year||-4/32||2.506|
|Italy 10 Year||1/32||4.400|
|Spain 10 Year||-2/32||4.408|
|U.K. 10 Year||-16/32||2.827|
|U.S. 10 Year||-1/32||2.857|
-Africans Fight back against one sided /polluting deals from Chinacom Inc
The English must be proud of their evil Spawn in Beijing duplicating their rape and pillage of Africa in the 21 st century. The Chinese Politburo has 2 very high level Chinese Jews in it. I wonder what the Crown’s cut of this looting is? We saw how the English want all the blacks in Ethiopia to die today in the Daily Telegraph so they can sell the oil cheap to the Chinacoms and get their cut. Ethiopia is on the cusp of a really big find. Let the English die, let the Ethiopians live. They work with their own hands in Ethiopia.
-SEC flies to London this week to try and crack down on Hedge fund Crooks due to UK Govt Criminality and Complicity with Market Rigging Schemes
-Commodity/Trading Giant and Larry Summers Firm DE Shaw gets hand-slap fine for naked shorting
Way to go Larry!! Another get out of jail card for free!!
-London Traders flaunt USA Laws by fleeing to no Extradition France
The Jewish Rapist Polanski knew where to go to find refuge under the wings of the Vulture Rothschilds. English people have no shame. Why do we want a ‘free trade’ treaty with Europe before they return Polanski to serve his rape prison sentence and before these two crooks are turned over.
-S&P waters down MBS security ratings to get more Business
The evil worthless SEC!!!! Shades of 2007. This is what we get for Obama not putting these crooks in Jail, and they are suing the Feds for infringing on their ‘free speech’ rights.
-The grocer Safeway has gone on the defense days after the activist hedge fund Jana Partners declared a 6.2 percent stake in the company.Safeway, based in Pleasanton, Calif., said othat it had put into place a poison pill plan to prevent investors from acquiring more than 10 percent of the company.
Hedge fund ‘destroyers’ using the FEDS ‘fiat’ line to steal from others. Really this entire Hedge fund industry is as out of control and as destructive to the real economy as JPM/GS/HSBC/Citi, et al. Good for Safeway a well run union labor firm.
-Revelations the US is spying on international bank transfers has angered European parliamentarians. Some are calling for the suspension of the SWIFT deal between the EU and US.
Now you know why JPM/GS/HSBC always win, day after day in the markets and why Summers and Geithner went for broke and outsourced 2 million jobs so they could trade any financial product anywhere anytime including fraudulent ones in 2000. Unfortunately the statue of limitations has expired on sending Geithner,Summers and Rubin to jail along with Corzine, Paulson, etc. Recall Lord Madelson, was the ‘coordinator’ of this deal. Rothschilds homosexual hatchet man. Behind every great fortune lies a great crime as Balzac observed.
-Bank of Spain: Spanish banks’ bad loans as a percentage of total lending rose to a fresh high of 12 percent in July from 11.6 percent in June.
The finmin just keeps beating his chest, no bail out, recovery, recovery, si. What a totally broken economy like Greece. The Greeks are rioting again today. All this is being swept under the rug by the German media for Herr Merkel.
-London’s Village Idiot makes a Savant observation by chance
Boris Johnson has claimed that Britain’s economy has reached its “Costa Concordia” moment
In some ways hes right, its a sunk broken economy and ready to be towed to the Junk yard and destroyed and sold for scrap just like the Costa Concordia the Jewish Captain ran aground although it might sink again. 20 year housing bubble, 30 year financial bubble, outsourced everything to become a ‘trading” (financial pirate and dope running) nation hell bent on jamming ‘free trade’ agreements down everyones throat including outsourcing 2 million American jobs to China so it can become the Yuan King. With North Sea Oil in steep decline and industry gone you can see Why Prince Charles Kin Al Gore wants carbon trading out of London. If the Germans were smarter they could put the UK into receivership before the EU was put into one by the UK traders. The UK economy is like the USA economy DOA. The only thing going for it is the BOE pushed their duration curve way out for them whereas Geithner was told to due the opposite during Bernankes QE to sink the USS-USA before the UK Titanic. I don’t think Boris thinks that deeply though. He’s told what to do by the Banksters.
-Car Engineering Legend Toyoda-san dies
These Japanese are far more brilliant than the English, far more cultured and far more moral. Japan in many respect, ex the Fukushima job Israel/England/Australia pulled off is heaven on earth. No Jews, no English. A great place.
-Satanic evil Russell Brand finally scores a Royal Rothschilds kin
His current slut du jour is a Goldsmith, from ‘the Goldsmiths’. One of the most powerful and satanic Jewish families in modern history. He is not a ‘nice’ guy. Recall the antiChrist is said to be very charming. British-Israel in your face.
A couple of my readers met this creep. You knew this coyote ugly Anglo-Jewess Katy Perry did not have enough money or evil in her to hold a high level occult climber like him. Still he is out of his depth here unless he wants to start the vampire stuff up. He is in ‘Satan’s Jesters league wrt to evil but not in the Royal families league. The English are so, so evil. One EDL type tried to claim he was a Jew, but nope he is as English as they come. You know if the EDL is ashamed of you, you’re not even fit to be Lord of the Flies Mr. Brand. When the English wicked are found out they always seem to blame the Jews. It is very unfair in my estimation.
-Evil English Lord Demands Ethiopians Die for Crown Spoils
More cargo junk eugenics and cargo junk evolutionary science from the English. This guy only has one of those 3 year degrees in ‘natural science’ Cambridge hands out to students too stupid or lazy to major in a real science and get a PHD. Always pushing for abortion, for Christians yet Jews and their kin the English breed like rats.
He’s old as sin. He should do the world a favor and kill himself and snuff out his offspring if he is so inclined if he is so worried about overpopulation.
Ethiopians problems have nothing to do with their population. They are around 100 out of 192 in population density whereas the Brits are around 30 out of 192 nations in population density and don’t grow enough food in the UK and want 3o million more and have to steal from Germans, Russians, the Irish and Americans to get their food by rigging markets and getting the USA to pay for its defense and oil and dope empire. England only exists financially due to Dope Inc, and War-Oil inc, and without that the English starve and die as they produce Nothing but misery and war and sorrow for the world in England. The Jews at least build a lot of great stuff. Name anything from England you ever wanted or used. Its all rubbish in England, like the people. They cant even design a toilet or plumbing that works in the UK. The entire place runs off of German stuff and French stuff and American stuff, an other peoples oil and food.
Ethiopia was destroyed by Colonial meddling including the British, stirring up Civil wars and using the Ethiopians to defeat the Mahdi regime in the English Controlled Sudan/Egypt and constantly shifting borders due to English not drawing boarders along tribal lines like they failed to do in Sudan/Ethiopia, and the legacy problems centered around oil and other Resources England and Israel would like to exploit in that neck of the woods.
Ethiopia needs a rather modest water investment to insure adequate supply for drought years, which maybe weather engineered by the English. Ethiopia’s starvation problems started after a communist regime over turned the Emperors govt in 1974 and plunged the country into endless civil war that did not sort themselves out until the mid 90s when democratic govt was reestablished.
England or its nasty agent in the Horn of Africa , Israel has been behind all the civil wars in recent history. English drill bits are turning in Ethiopia as I speak. Likely the Brits will plunge the country into another civil war if the strike is big enough like they did in the Sudan after the French found really big oil in the South of the Sudan, now effectively and English colony Ethiopia is no exception to infernal English/Israeli meddling
. I rather like the Ethiopians, but never met an Englishman I could stand due their perversity and pagan beliefs.
Pray our Lord deals with this evil man, if he will not repent. I’m so, so tired of the English and their lies and genocidal madness.
-Goof off Alex Jones, Jeff Rense
These guys are always behind the news. Sometimes as much a as 48 hours. Drudge is on top of the News. Jones has far more people and a team in London. If you’re in the markets and on top of the news and whats going on and I don’t mean Bloomberg TV or CNBC or CNN, you know Alex Jones is just a goof off handed a script like Rush Limbaugh (most likely). Ditto with this Paul Watson guy who is never on top of any of the London/Europe or Middle East news despite it being during his waking hours. You better work harder Rense/Jones/Watson you’re beginning to stink to the ZGRs readers. Peppy Le Jones. Peppy Le Rense, Peppy Le Watason never on top of the news. Always reading the ZGR to find the line. Heck I write more in a day than all of Alex Jones people put together. Delays typically mean, censors and spin. Ask Jeff Rense he was a pro liar for the Anglomasons at one time in his career.
-Fresh evidence shows Rebels likely Source of Chemical attack
-MI6/CIA MK Programming job? -Naval Yard Shooting
This Daily Mail owned by high level English Royal and close friends of the English Crown, is like the BBC another big spy organization as well as propaganda organ, but often the boys at MI6 or their counterparts at the Mossad/CIA will slip in the truth disguised as the absurd to mock the naivete of the English working class and to monitor comments to see if any are outside of the “USA is bad Matrix” or any whom perceive reality.
The Navy Shooter thought someone was hitting him with microwaves and hearing voices. Now that certainly could be the meds, or coming off them, but also numerous patents exist for using steered RF/Microwaves to mind control people and project voices into their heads. TV has carefully selected video frequencies to turn you into a Zombie. I never watched it. I’m not like you people who did. You have to be ‘deprogrammed’. I don’t.
Of course regardless of why he did it due to the meds, and/or mental illness, or if was setup as a patsy and programmed, pictured below are the real responsible parties who at the very least ‘stood down’ on 911, if they were not actively involved. USN helicopters from an offshore carrier run by a friend of Pappy Bush were buzzing the WTC towers before and after the 911 event and may have ‘pulled’ the trigger so to speak. So this could have been their boy placed there, and traumatized, or they could have picked him up out of the videos as an MK target. He was clearly under the care of a Military Shrink and would have relayed his 911 issues and stress to the shrink, making him a very likely MK programming target. The Colorado/Joker shooter also had a shrink with close ties the military industrial complex.
I won’t cover this anymore since the Feds/Pentagon has all the tapes. The entire story line is nearly as absurd as the ‘lone’ Fort Hood Shooter. No guy with a shotgun and couple of pistols he is not familiar with is going to hold off couple of SWAT teams with Automatic weapons that will go right through walls, more than five minutes, much less the 40 minutes they said it took to take the shooter down. There was more than one shooter. That’s a lot of people to kill with a shotgun due to the limited rounds they hold and he would have had to reload or use pistols he was not familiar with. Shooting any moving target with pistol is very hard. They say buckshot was used, I will bet it was military loads and they were not his. The Navy Seals are experts at killing quickly at close range with Automatic Shotguns.
Smirking scumbags from the USN, you can tell a couple of them at least know what really went on. I’m sick of the USA military and the USA peoples infatuation with the redcoats. Everyone pictured here should be fired. At the very least they failed to due their duty. On 911, I crossed the line from being anti-war to anti-military. I may have waited too long. Every Westpoint, Annapolis and Colorado Springs graduate costs out billions of dollars in payola, war profiteering, and terrorism, in our nation or abroad fighting for the English Crown and Israel. Wake up!!
Speaking of ‘traitors’ Alex Jones lost all the Twitter traffic about a drill presaging this event nearly exactly a few day before reported by people who worked there, that he posted a few hours after the shooting while the Twitter trail was hot. Twitter like GOOG is just another CIA /NSA spy branch. What a great ‘patriot’ you are Agnus Jones. Jones have typically been Navy men in USA history. So probably Grandpa Jones told him to back off. After all Alex Jones has said his ancestor was John Paul Jones, father of the USN. Probably his reticence to tell the truth means this was run by the Seals or ex Seal Contractors working for Derek Prince and the blackwater gang or whatever Derek calls his guys.
Ex the Nikkei Asian markets are largely unchanged as they tread water ahead of the FOMC. A recent poll after hours showed analysts to be split between a $10 bln/month taper or a taper of $5 bl/month or less. The FED shill emerged from his rat(e) hole and assured markets of a dovish outlook tomorrow long term, taper or not. Despite threats by Japan to shoot down any China Drones over the disputed Islands, and the hardening of UK- Israel-France line against Syria, Japanese markets took their cue from aggressive futures buying and the MOF conceding it might agree to some Corporate tax cuts and the WSJ shill. The Nikkei Stock Average jumped 193.69 points, or 1.35%, to end the day at 14,505.36.The benchmark index closed above the psychologically important 14,500 mark for the first time since July 25.
The Chinese showed they have not contained their housing bubble as the FEDs QE continues to rip through their economy. New home prices rose in August .8 % m/m v 0.7% prior; y/y 8.3% v 7.5% prior. The home prices rises in China is a proxy for the overall real inflation rate. The FEDs QE seems to have kicked off near 10 % inflation in Asia as they all peg. The USA inflation as so much gets exported to Asia with USA jobs, is around 5-8 % y/y. We certainly did not have the Chinese show up to buy bonds with the latest TIC. They were not sellers either. Along those lines, Chinese Jew and State Researcher Zhang said China was at risk due to USTs holdings. Perhaps a stop the war threat or to encourage tapering on the backs of the white hot housing markets, probably both.
S&P citing possibility of slippage in West Australia fiscal plans; Cuts rating to AA+ from AAA.) RBA’s Assistant Gov Edey said talk of a housing bubble would be alarmist; house prices have risen in line with income. That is patently an untrue statement by the RBA, which typically means the banks are in big, big trouble.
European markets opened flat.
(CN) CHINA AUG NEW HOME PRICES M/M: RISES IN 66 OF 70 CITIES VS 62 PRIOR; Y/Y: PRICES RISE IN 69 OF 70 CITIES VS 69 PRIOR
(CH) China home price gains picking up the pace in Aug: new home prices m/m: 0.8% v 0.7% prior; y/y: 8.3% v 7.5% prior
(CN) China PBoC Q3 Survey: China bankers confidence index 61% v 64.1% prior; Bankers are seeing improved sentiment over economy in Q4
(AU) AUSTRALIA JUL WESTPAC LEADING INDEX M/M: 0.6% V 0.0% PRIOR (3-month high)
(AU) AUSTRALIA JUL CONFERENCE BOARD LEADING INDEX: +0.3% V -1.1% PRIOR
(NZ) NEW ZEALAND Q2 CURRENT ACCOUNT BALANCE (NZ$): -1.25B V -1.90BE; CURRENT ACCOUNT GDP RATIO YTD: -4.3% V -4.8%E
|UK: FTSE 100||6572.88||2.71||0.04%|
|France: CAC 40||4138.13||-7.38||-0.18%|
|Stoxx Europe 600||312.10||0.15||0.05%|
|Japan: Nikkei 225||14505.36||193.69||1.35%|
|Swiss Franc (USD/CHF)||0.9260||0.0001|
|Australia $ (AUD/USD)||0.9362||0.0006|
|WSJ Dollar Index||73.43||-0.01|
|German 10 Year||0/32||1.967|
|France 10 Year||4/32||2.478|
|Italy 10 Year||5/32||4.384|
|Spain 10 Year||4/32||4.387|
|U.K. 10 Year||1/32||2.758|
|U.S. 10 Year||4/32||2.840|
(US) WSJ Fed watcher/shill Hilsenrath: Fed does not want to upset markets tomorrow, so will make extra effort to reinforce low rate guidance; Fed really does not want to set off more market volatility
*Syria points out the Obvious, the West is not Sincere about Peace
Syria accused Western powers on Tuesday of trying to wreck prospects for a negotiated settlement to the country’s 2.5-year conflict by imposing preconditions on the peace process and supporting rebel fighters.The comments, highlighting the precariousness of any international mediation between Syria’s two warring parties, followed a meeting of foreign ministers from the United States, France and Britain a day earlier. They warned there would be consequences if President Bashar Assad did not hand over Syria’s chemical weapons.A U.S.-Russian deal to remove the weapons averted the immediate prospect of a U.S. military strike against Syria, but U.S. Secretary of State John Kerry insisted it offered Assad “no lifeline” and that he had “lost all legitimacy”.Syrian state news agency SANA quoted an unnamed foreign ministry official as saying the comments by the Western powers “exposed the truth of their aims in Syria” and their desire to impose their will on the Syrian people.”Discussion of political and constitutional legitimacy in Syria is the exclusive right of the Syrian people,” it said.The agreement to remove chemical agents by mid-2014 was seen as a diplomatic success for foreign powers that might reinvigorate efforts to set “Geneva 2″ peace talks.Geneva 2 seemed stalled indefinitely after a poison gas strike outside Damascus that killed hundreds of people. The opposition and Western powers blame Assad for the attack.The opposition has refused to attend Geneva 2 talks if they do not require that a final deal include the removal of Assad, whose family has ruled Syria for four decades.Kerry’s comments appeared aimed at assuaging opposition complaints that the diplomatic efforts on chemical weapons was restoring Assad’s legitimacy.Western powers have given some support to insurgents fighting to overthrow Assad but have hesitated to give them sophisticated weaponry because of rebel divisions and the dominance of hardline Islamist factions.SANA accused Western powers of trying to prolong the conflict and said their stated commitment to a negotiated solution “contradicts their continuing attempts to preempt the political process and impose preconditions on it and their continuing support for groups practicing violence and terrorism in Syria.”The SANA statement insisted Assad would remain in power “as long as the people desired it,” contradicting one of the primary opposition demands that he be removed.”Whoever is not pleased by this reality should not go to the Geneva conference,” the SANA statement said.More than 100,000 people have been killed in the conflict, which started as a peaceful protest movement in March 2011. Haaretz
*Russia Lambasts Zionist Run France over UN report claims
*About 2 years ago they made the big hit in Northern Iraq/Syria and the Levant Basin offshore Syria is rich and wanted by Turkey and Israel and the Kurds whom aim to extend Kurdistan to the sea.
Envoy: Israel Has Wanted Assad Gone Since Civil War Began
Israeli ambassador Michael Oren has revealed that the Israeli government has privately been seeking regime change in neighboring Syria for the past two years, since the ongoing civil war began.
That’s a stark shift from their public position, in which they’d claimed not to be taking sides in the war, though it does reflect Israel’s multiple military strikes on Syrian territory during that conflict.
Oren reasoned that the policy was part of their hostility toward Iran, and that the ouster of Assad as an Iranian ally would be a significant blow to them, adding that the rebels are predominantly Sunni and averse to the Shi’ite Iran.
Which is true of the rebels, but also ignores that al-Qaeda commands the loyalty of a significant chunk of the rebellion, with recent reports suggesting that around half of the fighters are jihadists either directly under al-Qaeda’s control or in sympathetic factions.
Israel’s foreign policy at present appears Iran-centric, but their government was uncomfortable with a relatively moderate Islamist government in neighboring Egypt, and it’s hard to imagine that an al-Qaeda-run emirate on their disputed northern border is really an improved situation for them.
France Still Pushing War, Threatening Finalization of Pact
The US-Russia pact on Syria was seemingly a done deal, pushing Syria on a speed-up above and beyond the requirements of the Chemical Weapons Convention (CWC), but giving up on US demands for a “military option.”
That deal seems to be in serious risk now, as France is pushing for attacking Syria and the US and Britain are no longer saying that they will accept a UN resolution based on what the US and Russia agreed to last week.
Russia says they won’t support any resolution authorizing use of force against Syria, and that means there could be an indefinite delay on any UN resolution, even though Syria ratified the CWC days ago.
France seems to be the driving force against the deal, and that decision seems to be in no small part based on the Hollande government’s desperation to assert itself as a world power, even if it means starting an unnecessary war in one of their former colonial possessions.