Financing the world…

We’re beginning to find out just  how big a chunk of federal emergency aid European banks got,  and businesses.   The feds pretty much gave the entire world short-term financing,  and there’s not a chance in hell it will be repaid properly.

But wait — there’s more!  Now we’re going to  bail out the EU some more,  even though the  EU is going to Hell in  a hurry.   Nicole Gelinas exposes another  dirty little secret about Europe’s financing.

The only good thing about the Dodd/Franks bill was that it forced the Fed  to reveal certain loans,  but there is $885 billion that we still  know nothing about.   Be sure to read the Wall Street Journal’s take,  here.

Irish austerity plan…

Read carefully.   Anything  about how Ireland got to where it is seem familiar?   Oh,  yeah.   Veronique de Rugy does her customary fine job of wrestling numbers into common sense.

While the Irish make several new holes in their belts,  the monsters who run the EU  are cooking — no,  really — they are in the kitchen.

For a slightly drier,  but still quite interesting look at the damage the EU has wrought,  go  here.

Hadley hacked?

It  appears the Hadley Climate Center has  either been hacked big-time,  or an insider friendly to actual science has let out lots of damaging traffic.   The  Shout First, Ask Questions Later blog has a good collection of links for you.

Sen. Jim Inhofe wasted no time in  crowing that he has been right all along.    I largely agree with him,  having learned eons ago that the more of a crisis proponents attempt to create,  the less of one it actually is.

Chris Horner weighs in at  BigGovernment,  and James Delingpole  chimes in at his Telegraph blog.    Even the lefty Guardian has a piece up,   as does the New York Times,  as well as the  environmental blog at the Wall Street Journal.

Pray that these revelations put a serious dent in the global management plans of the new EU President,  which is what the climate conference at Copenhagen is supposed to help usher in.  Senators Boxer and Kerry had already pushed the cap-and-trade bill into next year,  and Inhofe just put a broadside right through it.    And don’t be fooled by the plain looks of the EU president with the startling name of  Herman Van Rompuy,  who was handpicked to destroy nationhood.