millionaire patriot wants YOU armed and trained

MILLIONAIRE PATRIOT WANTS YOU ARMED AND TRAINED Offers His Own Money to Provide You With Springfield Armory Pistol and 30-State Concealed Weapon Permit Dear Newsmax reader, The next four years may prove to be a turning point for all freedom loving Americans. With the new administration holding party majorities in the House and Senate, we are facing the worst political environment for the passage of unchecked gun control legislation and further erosion of our constitutional right to bear arms than we have previously seen in our lifetimes. As the nation creeps from recession to depression, the potential for civil unrest in every major city grows more likely. There has never been a more crucial time in our nation's history to make sure you are armed and trained for the protection of yourself and your family. One man in our country knows this better than most, and I'm proud to tell you, he is doing something about it. His name is Dr. Ignatius Piazza. He is the Founder and Director of Front Sight Firearms Training Institute and is known by his hundreds of thousands of students as 'The Millionaire Patriot' because he has literally given away millions of dollars in free and discounted training to law abiding citizens to assist them is securing what he refers to as "The Comfort of Skill at Arms." Dr. Piazza, the Millionaire Patriot, wants YOU armed and trained and he is putting his money where his mouth is. He is providing you with the opportunity to attend five days of world class training at his Front Sight Firearms Training Institute with everything you need to secure permits to carry a concealed handgun in over 30 states—all for pennies-on-the-dollar! Plus, if you act quickly before all the guns he set aside are gone, he will give you, free of charge, a Springfield Armory XD Pistol in your choice of 9mm, .40SW, or .45ACP! That's right. This is legitimate. Thousands of people have already taken advantage of it AND YOU SHOULD TOO! I can personally vouch for Dr. Piazza and his Front Sight Firearms Training Institute. I believe now more than ever before that EVERY American should be armed and trained to the highest levels possible—levels that exceed law enforcement and military standards. Take advantage of the Millionaire Patriot's offer. Get armed and trained to prepare for what may be coming in the next four years! NOW is the time to get armed and trained. Don't wait until it is too late. Click for more details about the Millionaire Patriot's amazing offer. Sincerely, Joseph Farah Editor and Chief Executive Officer www.WorldNetDaily.com P.S., You have never seen me make such a personal endorsement, so take heed to the fact that I am telling you to take advantage of Dr. Piazza's offer to get five days of world class training at Front Sight, concealed weapon permits good in 30 states, and a FREE Springfield Armory XD Pistol

mexican oil wealth until 2080

El Universal | The man in charge of finding oil and gas in Mexico, Carlos Morales Gil, said that companies Goyler & McNaughton, Netherland Sewell & Ryder Scott and a certified original volume of reserves in the palaeochannels of Chicontepec by 139 billion barrels of crude oil equivalent.

The director of Pemex Exploration and Production (PEP) said in an interview with El Universal volumes of hydrocarbons that are certified, "not a number that I've invented."He clarified that this amount of oil can only be drawn with the available technology, some 18 billion barrels in the next 30 years.

But what will happen to the remaining 118 billion barrels, "he questioned. "We are going to be there, because at the moment there is no technology that allows us to extract that resource," he replied. Probably, he added, over time there is a technologist who will provide the ability to "squeeze" the most Chicontepec.

Although the resources in the 29 certificates that make up the active fields require investments to be acquired and developed the category of economically exploitable reserves, only in terms of volume is equivalent to half the proven reserves of Saudi Arabia, 78% of the reserves Canada and equal to those of Iran, three countries with the largest volume of world oil reserves and 3.8 times higher than Cantarell.

menace spreads in guatemala

Reuters | Guatemala, scarred by years of civil war and rampant street gang crime, is suffering a new scourge as violent Mexican drug traffickers put down deep roots in the country.

A Mexican army crackdown has driven some cartels to seek a haven for their operations across the border in Guatemala, attracted by endemic corruption, weak policing and its position on the overland smuggling route north for Colombian cocaine.

That is a headache for President Alvaro Colom as the cartels employ the same violent tactics that have sown terror in Mexico.

"They are moving in because Guatemala is a paradise for drug traffickers. It's a poor country with a lot of corruption and the judicial system is very weak," Guatemalan Vice President Rafael Espada told Reuters in a recent interview.

Scores of Mexican traffickers are operating in Guatemala, including members of the Sinaloa cartel run by top fugitive Joaquin "Shorty" Guzman and the rival Gulf cartel's armed "Zetas" wing, officials say.

"It's the biggest challenge for Colom's government," said Guatemalan political analyst Manuel Villacorta.

Colom's security forces lack money, recruits, equipment, guns and intelligence to face the Mexicans, he said. "It's impossible for Guatemala, with the resources it has, to be able to address the problem."

As in Mexico, where about 6,000 people were murdered in the drugs war last year, the cartels buy off Guatemalan police and army officers as well as judges and politicians to protect their business, and pose a long-term threat to its democracy.

Guatemala's 1960-96 civil war left more than 200,000 dead, and street gangs that sprang up after the conflict have pushed the murder rate to among the highest in the Americas.

Colom was elected a year ago on a crime-fighting platform but 2008 was one of the most violent years on record with more than 6,000 murders out of a population of just 13 million.

obama, gates at odds over cia whistleblower protections

Washington Post | During an election featuring Democratic allegations that U.S. intelligence was distorted to justify a misbegotten war, Barack Obama endorsed new protections for national security officers who blow the whistle on abusive, corrupt or illegal behavior, by offering them the right to sue for damages and challenge denials of their security clearances.

But by keeping a Republican-appointed secretary of defense strongly opposed to those changes, President Obama is finding the path to a new policy on federal whistleblowing much more complicated.

Defense Secretary Robert M. Gates and other top Bush appointees wrote an unusually tough letter to Congress last year asserting that the bill protecting whistleblowers would threaten national security, violate the Constitution and undermine the government's ability to safeguard legitimate secrets.

The legislation, passed this year by the House, is still being reviewed by the White House, according to the Office of the Director of National Intelligence. "We understand this is an important issue, and we're committed to addressing it in a manner that is consistent with national security," said spokeswoman Wendy Morigi, declining to comment further.
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The bill has evoked strong feelings on both sides because it would extend a series of rights held by most federal workers to dissident employees at the CIA, the National Security Agency, the Defense Intelligence Agency, the FBI and other intelligence agencies. Unlike their counterparts elsewhere, they cannot now appeal adverse administrative decisions outside their agencies, either to a special civil service board or to a federal court. Along with others, they also cannot win compensatory damages for improper job decisions or sue to regain their clearances.

For those on the fence about Obamamandian moral grounding, THIS is the executive decision to watch.....,

phoenix arizona second only to mexico city

Phoenix, Arizona has become the kidnapping capital of America, with more incidents than any other city in the world outside of Mexico City and over 370 cases last year alone. But local authorities say Washington, DC is too obsessed with al Qaeda terrorists to care about what is happening in their own backyard right now.

“We’re in the eye of the storm,” Phoenix Police Chief Andy Anderson told ABC News of the violent crimes and ruthless tactics spurred by Mexico’s drug cartels that have expanded business across the border. “If it doesn’t stop here, if we’re not able to fix it here and get it turned around, it will go across the nation,” he said.

California Attorney General Jerry Brown warned that as the U.S. government focuses so intently on Islamic extremist groups, other types of terrorists — those involved with the same kidnappings, extortion and drug cartels that are sweeping Phoenix — are overlooked.

marchers block US border to protest army presence

Associated Press | Hundreds of people blocked bridges to the United States in three border cities Tuesday, demanding the army leave in another challenge for the Mexican government as it struggles to quell escalating drug violence.

The protests in Ciudad Juarez blocked traffic for about two hours across three bridges connecting the city to El Paso, Texas. Similar protests broke out on bridges in the border cities of Nuevo Laredo and Reynosa. Demonstrators blocked city hall and a main avenue in the northern industrial city of Monterrey and roads in the Gulf state of Veracruz.

It was the largest display of discontent against the army's role in an anti-drug crackdown since President Felipe Calderon began deploying soldiers across the country two years ago to fight cartels. About 45,000 soldiers are now spread out across Mexico.

Government and army officials claimed that drug cartels organized similar protests in Monterrey earlier this month to undermine the crackdown. Federal officials had no immediate comment on Tuesday's protests.

Human rights activists say there are legitimate complaints about abuses by soldiers, including cases in which patrols allegedly opened fire on civilians at military checkpoints. But they say it is unclear who has been behind the demonstrations.

Calderon's offensive was initially widely popular among Mexicans hopeful for an end to relentless shootings, kidnappings and killings. But drug violence has only surged since then, with drug gangs beheading rivals and attacking police nearly every day. More than 6,000 people were killed in drug violence last year.

Border towns have been transformed by the crackdown, with soldiers in ski masks regularly rumbling down the streets in large convoys.

mexico will cause the collapse of america...,

police battle wave of abductions

Arizona Republic | Phoenix police are aggressively trying to reduce the number of near-daily home invasions and kidnappings, which helped earn the city the title of "kidnap-for-ransom capital" of the U.S.

Generally characterized as drug-related violence driven by gangs ripping off competitors, many of the kidnapping cases assigned to the city's robbery detectives involved masked gunmen armed with high-powered assault rifles and bulletproof vests, emulating tactical strike-team maneuvers to force others to forfeit drugs or cash.

But other experts said the crimes are primarily the work of small-time dealers trying to take advantage of the large number of stash houses scattered throughout the Valley, which serve as part of a nationwide distribution center for drug organizations.

Incidents in which gangs of gunmen pose as police are common in Arizona, where the drug business is booming.

In 2005, then-Gov. Janet Napolitano declared a "crisis" after a crime wave and again after another round of violence prompted a surge of border patrol agents in 2007. Drug dealers have waged violent battles over smuggling routes and territory as long as narcotics have been around, said Doug Coleman, a federal drug-enforcement agent in Phoenix, who sees the spike in kidnappings-for-ransom as a new twist on an old tactic.

drought and 2009 global food production

Market Skeptics | Consider the graphic below depicting countries by USD value of their agricultural output, as of 2006.


Now, consider the same graphic with the countries experiencing droughts highlighted.

palin's managerial skills

Houston Chronicle | Alaska Gov. Sarah Palin's first two years in office have been called a time of milk and honey, when the resource-rich state was flush with wealth from record oil prices.

The second half of her term isn't looking so rosy as Palin faces her first major financial challenge as governor.

The rapid decline of oil prices has left the state in a looming budget crisis and a late-entrant in the national recession. And that could have political repercussions for the former Republican vice presidential hopeful, who has signaled an interest in a 2012 presidential run but must stay visible in the Lower 48 to be successful.

"Given these bad times, she's going to have a much more difficult time traveling outside Alaska," said Larry Sabato, director of the University of Virginia's Center for Politics. "When times are good, people will let their governor roam. In bad times, citizens expect their governor to stay home and work on solving the problems."

Oil accounts for as much as 90 percent of state revenues. So the plunge of North Slope crude from an all-time high of $144.59 per barrel last July threatens to give the state an estimated budget shortfall of up to $1.5 billion in the fiscal year that ends June 30.

Palin bills herself as a fiscal conservative, and has called for reducing state spending by $268 million in this budget year, but lawmakers and others say these aren't reductions at all and do nothing to curtail spending. For example, the bulk of that sum — $200 million — is unspent tax credits for companies investing in oil and gas development that are being returned to the treasury.

Palin also is seeking approval from lawmakers to tap budget reserves to fill the deficit. She also has implemented a state hiring freeze that exempts public safety employees, but other departments are lining up to ask for waivers.

It's a long way from Palin's early tenure — particularly last year when the state's treasury was bloated with surplus money from the skyrocketing oil prices.

Iran pins hopes on Russia

RIA Novosti | Iran expects to receive the backing of Russia, which holds the presidency of the Shanghai Cooperation Organization, in its bid for full membership of the organization, Iran's foreign minister said on Monday.

The SCO comprises Russia, China, Kazakhstan, Tajikistan, Kyrgyzstan, and Uzbekistan. Russia took over the presidency of the organization last August. Iran and Pakistan have observer status within the organization.

"Iran has officially addressed SCO members and expects its observer status to be finally upgraded to full membership during Russia's chairmanship period," Manouchehr Mottaki said in an interview with RIA Novosti.

Widely seen as a counterweight to NATO's influence in Eurasia, the group primarily addresses security issues, but has recently moved to embrace economic and energy projects.

Iran and Pakistan, observers since 2005, have said they want to become permanent members of the organization, but their requests have yet to be officially considered.

Russia and China have expressed caution over admitting Iran, which is embroiled in a long-running dispute with the West and Israel over its nuclear program and alleged support for radical groups in Lebanon and other countries.

Both China and Russia have major commercial interests in Iran. China wants Iranian oil and gas, and to sell weapons and other goods to the country, while Moscow hopes to sell more weapons and nuclear energy technology to Tehran.

a 'fraud' bigger than madoff?

Independent | In what could turn out to be the greatest fraud in US history, American authorities have started to investigate the alleged role of senior military officers in the misuse of $125bn (£88bn) in a US -directed effort to reconstruct Iraq after the fall of Saddam Hussein. The exact sum missing may never be clear, but a report by the US Special Inspector General for Iraq Reconstruction (SIGIR) suggests it may exceed $50bn, making it an even bigger theft than Bernard Madoff's notorious Ponzi scheme.

Despite the vast sums expended on rebuilding by the US since 2003, there have been no cranes visible on the Baghdad skyline except those at work building a new US embassy and others rusting beside a half-built giant mosque that Saddam was constructing when he was overthrown. One of the few visible signs of government work on Baghdad's infrastructure is a tireless attention to planting palm trees and flowers in the centre strip between main roads. Those are then dug up and replanted a few months later.

Iraqi leaders are convinced that the theft or waste of huge sums of US and Iraqi government money could have happened only if senior US officials were themselves involved in the corruption. In 2004-05, the entire Iraq military procurement budget of $1.3bn was siphoned off from the Iraqi Defence Ministry in return for 28-year-old Soviet helicopters too obsolete to fly and armoured cars easily penetrated by rifle bullets. Iraqi officials were blamed for the theft, but US military officials were largely in control of the Defence Ministry at the time and must have been either highly negligent or participants in the fraud.

The end of the Bush administration which launched the war may give fresh impetus to investigations into frauds in which tens of billions of dollars were spent on reconstruction with little being built that could be used. In the early days of the occupation, well-connected Republicans were awarded jobs in Iraq, regardless of experience. A 24-year-old from a Republican family was put in charge of the Baghdad stock exchange which had to close down because he allegedly forgot to renew the lease on its building.

an american foreign legion?

Middle East Online | A leaner, meaner, higher tech force -- that was what George W. Bush and his Secretary of Defense Donald Rumsfeld promised to transform the American military into. Instead, they came close to turning it into a foreign legion. Foreign as in being constantly deployed overseas on imperial errands; foreign as in being ever more reliant on private military contractors; foreign as in being increasingly segregated from the elites that profit most from its actions, yet serve the least in its ranks.

Now would be a good time for President Barack Obama and Secretary of Defense Robert Gates to begin to reclaim that military for its proper purpose: to support and defend the Constitution of the United States against all enemies, foreign and domestic. Now would be a good time to ask exactly why, and for whom, our troops are currently fighting and dying in the urban jungles of Iraq and the hostile hills of Afghanistan.

A few fortnights and forever ago, in the Bush years, our "expeditionary" military came remarkably close to resembling an updated version of the French Foreign Legion in the ways it was conceived and used by those in power -- and even, to some extent, in its makeup.

For the metropolitan French elite of an earlier era, the Foreign Legion -- best known to Americans from countless old action films -- was an assemblage of military adventurers and rootless romantics, volunteers willing to man an army fighting colonial wars in far-flung places. Those wars served the narrow interests of people who weren't particularly concerned about the fate of the legion itself.

the politics of economic disaster

Agence Global | Every day, I read another economist, journalist, or government official opining on how best to achieve economic recovery in this country or that. Needless to say, the remedies all contradict each other. But almost all of these pundits seem to me to live in fantasyland. They actually seem to believe their remedies will work in some relatively short period of time.

The fact is that the world is only at the beginning of a depression that will last for quite a while and will get far worse than it is now. The immediate issue for governments is not how to recover but how to survive the growing popular anger they are all, without exception, facing.

Let us start with the economic realities of the present. Just about everybody throughout the world -- governments, enterprises, individuals -- has been living above their income for the last 10-30 years, and doing it by borrowing. The world went giddy with inflated earnings and inflated consumption. Bubbles have to burst. This one has now burst (or actually several bubbles have burst). The impossibility of continuing on this path has sunk into consciousness, and suddenly everyone has gotten scared that they are running out of real money -- governments, enterprises, individuals.

When that fear takes over, people stop spending, or lending. And when spending and lending declines significantly, enterprises stop producing or slow down. They may close down entirely, or at least fire workers. This is a vicious cycle, since closing down or firing workers leads to lower real demand and causes further reluctance to spend or to lend. It's called depression, and deflation.

right america feeling wronged

worth seeing as the sentiments expressed in this documentary will unfortunately figure prominently in our lives over the next few years...,

EU Götterdämmerung

UK Telegraph | Failure to save East Europe will lead to worldwide meltdown. The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point. If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial Götterdämmerung.

Austria's finance minister Josef Pröll made frantic efforts last week to put together a €150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent €230bn to the region, equal to 70pc of Austria's GDP.

"A failure rate of 10pc would lead to the collapse of the Austrian financial sector," reported Der Standard in Vienna. Unfortunately, that is about to happen.

The European Bank for Reconstruction and Development (EBRD) says bad debts will top 10pc and may reach 20pc. The Vienna press said Bank Austria and its Italian owner Unicredit face a "monetary Stalingrad" in the East.

Mr Pröll tried to drum up support for his rescue package from EU finance ministers in Brussels last week. The idea was scotched by Germany's Peer Steinbrück. Not our problem, he said. We'll see about that.

Stephen Jen, currency chief at Morgan Stanley, said Eastern Europe has borrowed $1.7 trillion abroad, much on short-term maturities. It must repay – or roll over – $400bn this year, equal to a third of the region's GDP. Good luck. The credit window has slammed shut.

Not even Russia can easily cover the $500bn dollar debts of its oligarchs while oil remains near $33 a barrel. The budget is based on Urals crude at $95. Russia has bled 36pc of its foreign reserves since August defending the ruble.

"This is the largest run on a currency in history," said Mr Jen.

In Poland, 60pc of mortgages are in Swiss francs. The zloty has just halved against the franc. Hungary, the Balkans, the Baltics, and Ukraine are all suffering variants of this story. As an act of collective folly – by lenders and borrowers – it matches America's sub-prime debacle. There is a crucial difference, however. European banks are on the hook for both. US banks are not.

Almost all East bloc debts are owed to West Europe, especially Austrian, Swedish, Greek, Italian, and Belgian banks. En plus, Europeans account for an astonishing 74pc of the entire $4.9 trillion portfolio of loans to emerging markets.

They are five times more exposed to this latest bust than American or Japanese banks, and they are 50pc more leveraged (IMF data).

Spain is up to its neck in Latin America, which has belatedly joined the slump (Mexico's car output fell 51pc in January, and Brazil lost 650,000 jobs in one month). Britain and Switzerland are up to their necks in Asia.

Whether it takes months, or just weeks, the world is going to discover that Europe's financial system is sunk, and that there is no EU Federal Reserve yet ready to act as a lender of last resort or to flood the markets with emergency stimulus.

it's a dirty job but someone had to do it

ChrisMartenson.com| Look, people at the supermarket checkout counter don't understand how serious the situation is. If we can't go on getting oil at the rate we have become accustomed to those shelves will be bare. The stuff's getting scarce now. The Chinese are after it; that's why they're supporting murderous regimes in Africa without asking any questions. Now you can't secure the stuff just by being nice and asking to buy some; you have to go after it strenuously and sometimes you have to throw a little weight around, or some other bastard will get it first. That's what geopolitics is about. It's dog eat dog and devil take the hindmost out there. Most wars in history have been about grabs for resources. That's what The Great game in central Asia has been about and is about now. We have to secure our oil fields and we have to get safe routes for those long pipelines to sea ports, through foreign countries, some of which don't like us much. We can't build them and we can't protect them unless we have military bases and unless we bribe or bully some of those regimes into doing what we want.

So can't you see that we had to take Iraq and Afghanistan. And what if Saddam had decided to stop trading oil in US dollars! GW and the team bit the bullet; they did what was necessary. And GW has been a great front man; he's taken the flak for a tough and dirty but crucial job. When everyone's criticising and you can't tell them what you are really doing its best if the mess looks like a mistake made by a buffoon.

Yes of course they were clumsy. In the past they have pulled off most of the coups and assassinations and invasions neatly and quietly - got rid of Noriega, Lumumba, the Sandinistas, put in the Shah, supported our kleptocrat Suharto in Indonesia for 30 years, eliminated deviance in Haiti and Grenada (especially important that, can't let the little ones get away with deviating - sets a bad example the rest might see they can follow) with not a grumble at home. Mind you they did stuff up a bit on Cuba and Venezuela.

So yes they did miscalculate in Iraq and Afghanistan but securing the empire is a difficult job, and it's a vital job. You cannot live in the way you have become accustomed, let alone have the 3% p. growth you insist on, unless we go on getting control of most of the dwindling resources an that means running those countries to our benefit not theirs. George and the Neo-cons have done it for you, in difficult circumstances. I think their critics should just be a bit more understanding and appreciative. If you want to go on living with your too-big houses and your plasmas and your jet-away vacations just quit the backchat and support your empire and those who secure it for you.

This letter to George Bush is an oldie but goodie written by Ted Trainer. Mr. Trainer's extensive writings on Farmer Brown and global livestock mismanagement can be found here.

hegemonic hustle...,

METimes | It remains to be seen how President Obama, the idealist liberal, views King Abdullah, the traditional monarch. The king has not left events to chance. Since the Gaza crisis, he has intensified his efforts to situate himself as the ultimate problem solver in the Middle East and the faithful defender of U.S. interests in the region. He and his government have consistently sent messages concerning peace with Israel, isolating Iran, and weakening Iran's supporters in the Arab world, i.e. Syria, Hezbollah, Hamas, and other nationalistic organizations. On Feb. 3, Abdullah's government issued an implicit call for Arabs to be aware of Iran's policies disguised as defending Arab and Muslim interests. The government, too, in cooperation with Egypt, organized a conference on Feb. 3 for foreign ministers of U.S.-allied states to back the peace initiative with Israel.

Motivated by ensuring the survival of and maintaining security in the kingdom, Abdullah is counting on Washington's traditional support. This may explain why he appears to be in a race with time to demonstrate to President Obama that his kingdom is a trusted ally which is willing to utilize its unlimited wealth and resources to steer events in the region into a direction that serves Israel's concerns for security, while optimizing what he perceives as American interests in the region.

Abdullah understands that Obama seeks to differentiate his administration's foreign policy from that of his predecessor, and that Obama might not agree or see eye to eye with him. Nevertheless, Abdullah knows that, at this moment, he holds the key to two important factors: the free flow of oil and peace with Israel. He is betting that Obama ultimately reciprocates his friendly gestures.

american bankster....,

Baseline Scenario | When you cut through the technical details and the marketing distractions, sorting out the US banking fiasco comes down to one, and only one, question. How tough are you willing to be on the people who control the country’s large banks?

One option is to be gentle with them and adopt only ideas that they pre-approve. This route involves complicated schemes to purchase, lend against, or otherwise “wash” toxic assets out of the banks using taxpayer subsidies. This will be expensive (for the taxpayer), messy politically, and - most likely - will not work, in the sense of restoring the banking system to something close to its normal mode of functioning; check with Hank Paulson for details.

Alternatively, you can be tough and take steps towards really assessing which banks are insolvent when you use market prices to value their assets. These banks can be taken over in a scaled-up FDIC-type procedure (no golden parachutes!), and controlling stakes in fully recapitalized banks can be sold off immediately to new private owners. The new private owners can handle, under proper anti-trust supervision, the break up the banks. This approach will be cheaper for the taxpayer (but nothing is free at this stage), easier to explain to the electorate and their representatives, and it will work - this is in fact the standard prescription because it always works. But it will not make powerful bankers happy.

So which way is the Obama Administration heading? We honestly don’t yet know; the signals are mixed.

Fist tap to rembom for the Simon Johnson interview and baseline scenario.

ireland ‘could default on debt’

Times Online | FEARS are mounting that Ireland could default on its soaring national debt pile, amid continuing worries about its troubled banking sector.

The cost of buying insurance against Irish government bonds rose to record highs on Friday, having almost tripled in a week. Debt-market investors now rank Ireland as the most troubled economy in Europe.

Simon Johnson, the former chief economist of the International Monetary Fund, called for this weekend’s meeting of G7 finance ministers to put Ireland’s troubles at the top of the agenda.

Johnson said: “Don’t, please, tell me more about the basic principles of financial reform unless and until you have addressed the Irish problem. And don’t tell me the Irish have to sort this out for themselves. Eventually, the world always comes to help; check your notes on Iceland.