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Originally posted by curioustype
OK guys, US Army up to DEFCON 2 (penultimate setting to war/attack) re: Korea...China appears to side with N Korea, and also appears to hold up Europe and USA economies via debt / bonds...but also tied up into the $...
So my question is this, assuming there may be an aversion of, or gap between a war starting and an all out MAD type WW III, what do you think might happen to the world economy and these key relationships, are we looking at China continuing it's current positions whilst simultaneously waring against the USA?
All seems very odd, not just scary, odd, or am I the only one?
Greece wants to slash its enormous medical bill as part of its effort to reduce the country's crippling debt.
The world's leading supplier of the anti-diabetes drug insulin is withdrawing its medication from Greece.
Novo Nordisk, a Danish company, objects to a government decree ordering a 25% price cut in all medicines.
People with diabetes in Greece have condemned the Danish action as "brutal capitalist blackmail".
"As you well may know, Greece is presently in dire economic and social straits, and you could not have acted in a more insensitive manner at a more inopportune time."
Originally posted by DangerDeath
They learn from each other and support each other.
A disease in which impaired function and the destruction of tissue are caused by an immune reaction in which abnormal antibodies are produced and attack the body's own cells and tissues. Autoimmune diseases include a wide variety of disorders, including many disorders of connective tissue, such as systemic lupus erythematosus and rheumatoid arthritis.
THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy.
Greek politicians have played down the prospect of abandoning the euro, which could lead to the break-up of the single currency.
Speaking from Athens yesterday, Doug McWilliams, chief executive of the CEBR, said: “Leaving the euro would mean the new currency will fall by a minimum of 15%. But as the national debt is valued in euros, this would raise the debt from its current level of 120% of GDP to 140% overnight.
Greece’s departure from the euro would prove disastrous for German and French banks, to which it owes billions of euros.
McWilliams called the move “virtually inevitable” and said other members may follow.
“The only question is the timing,” he said. “The other issue is the extent of contagion. Spain would probably be forced to follow suit, and probably Portugal and Italy, though the Italian debt position is less serious.
“Could this be the last weekend of the single currency? Quite possibly, yes.”
That option is now on the table after recently several high ranking Chinese officials threatened to use the so-called “nuclear option,” the liquidation of their U.S. holdings, to counteract current pressure from U.S. congress over the Yuan. Such liquidation could cause the dollar to plummet in value and threaten to seriously destabilize the American economy.
For all America’s military spending, it is defenseless against this “nuclear” threat.
Originally posted by DangerDeath
The world's leading supplier of the anti-diabetes drug insulin is withdrawing its medication from Greece.
Novo Nordisk, a Danish company, objects to a government decree ordering a 25% price cut in all medicines.
People with diabetes in Greece have condemned the Danish action as "brutal capitalist blackmail".
They need Health Care...