Titles:

• UBS report says death of Euro will lead to doomsday
• Is Erdogen fooling the people over ties with the Jewish State?
• Likelihood of all-out Middle East war increasing
• Saudi prince: U.S. missed chance for Afghan withdrawal
• Karachi violence: MQM tells US they are outgunned in Karachi

Details:

UBS report says death of Euro will lead to doomsday
According to a report released by the Union Bank of Switzerland entitled "Euro Break Up-The Consequences," the death of the euro is inevitable and the long-term effects of such an event will potentially include civil war, the collapse of international trade and sovereign default.The report lays the foundation of its assertions by declaring, "Under the current structure and with the current membership, the Euro does not work. Either the current structure will have to change, or the current membership will have to change."The same report calculates the cost of the withdrawal of any country from the euro zone, with much of the attention focused on Germany. The report reads:"Were a stronger country such as Germany to leave the Euro, the consequences would include corporate default, recapitalization of the banking system and collapse of international trade. If Germany were to leave, we believe the cost to be around EUR6,000 to EUR8,000 for every German adult and child in the first year, and a range of EUR3,500 to EUR4,500 per person per year thereafter. That is the equivalent of 20 percent to 25 percent of GDP in the first year." Some contend that focus on Germany may indicate that Germany may already be considering withdrawing from the euro. Zero Hedge reports: "The scariest thing, however, by far, is that for this report to have been issued, it means that Germany is now actively considering dumping the euro."

Is Erdogen fooling the people over ties with the Jewish State?
The Turkish government and opposition exchanged criticism over Turkey's handling of deteriorating relations with Israel on Wednesday, with the opposition claiming that Erdoğan's administration had led to UN legitimization of Israel's naval blockade on Gaza and a blow to Turkish prestige. Turkey will defend its honor against Israel regardless of the cost, responded Turkish Prime Minister Recep Tayyip Erdoğan according to the Turkish daily Hurriyet. "Whatever the cost, be it 15 million dollars, or 150 million dollars... Turkey will not give value to that when necessary. What matters for us is to not let anyone trample on our honor," Erdoğan vowed.  Turkey's opposition leader Kemal Kılıçdaroğlu of the Republican People's Party (CHP) also dismissed the recent downgrade in Turkish-Israeli diplomatic relations, saying that they "have no function other than deceiving the Turkish people," and claiming that the US radar to be placed in Turkey will be used to protect Israel.

Likelihood of all-out Middle East war increasing
The likelihood of an all-out regional war in the Middle East is increasing, the head of the Jewish State's Home Front Command said on Monday.  Speaking to the Institute for National Security Studies, Major General Eyal Eisenberg said that such a conflict could potentially include the use of weapons of mass destruction. Eisenberg cautioned that the Arab Spring could turn into the "Radical Islamic Winter".

Saudi prince: U.S. missed chance for Afghan withdrawal
The United States should have used the killing of Osama bin Laden to declare victory and quickly withdraw from Afghanistan and now faces an increasingly nationalist uprising in the country, a senior Saudi prince said on Wednesday. Prince Turki al-Faisal, a former Saudi intelligence chief and ambassador to Britain and the United States, said the Obama administration had not been given enough credit for removing the al Qaeda leader, who was shot dead by U.S. special forces in Pakistan on May 1. Al-Faisal said Obama should have used bin Laden's death to announce an immediate military withdrawal. "I don't mean withdrawing your embassy, your economic aid or your other support, but having troops on the ground in Afghanistan has never succeeded," he said. "I'm afraid America will come to a time -- whether it is next year or the year after or the year after -- when it will inevitably have to withdraw, and this would have been the perfect moment to leave with a victory and not to go on and sort of continue in this endless (conflict)." Al-Faisal, who over his career has had extensive contacts with a range of Afghan political factions, said it was clear the conflict no longer just involved the Islamist Taliban and its supporters in Pashtun tribal areas. "The Afghan people will not accept foreign troops ... They are going to fight them," he said. "It's not just Pashtuns who are fighting back against Americans, now it is gaining a nationwide complexion."Asked if U.S. efforts to move toward political talks with the Taliban led by Mullah Omar would bear fruit, al-Faisal said the time for that may have already passed. "I think now frankly Mullah Omar is extraneous," al-Faisal said. "All the information that we see is that he is probably somewhere in Pakistan, not even in Afghanistan, and it is becoming more of a nationalist resistance movement to the presence of foreign troops. So Mullah Omar will be one of many ... who are conducting the resistance."

Karachi violence: MQM tells US they are outgunned in Karachi 
The Muttahidda Qaumi Movement (MQM) told the United States that the Mohajirs were outgunned by the Pashtuns in Karachi and talked of a conspiracy by the Pakistani establishment designed to keep Punjabis in power, claimed an April 2009 secret US embassy cable, released by Wikileaks. The wire, headlined MQM principles and conspiracy, covers a meeting of US Embassy Charge d'Affairs Gerald Feierstein with MQM leaders Farooq Sattar and Abbas Haider Rizvi. It said Rizvi became animated at the mention of his hometown. He reminded the US diplomat that he represented one of the most ethnically diverse districts in Karachi and, therefore, one of the most volatile. He claimed Taliban maintain safe houses and weapon stashes in Pashtun neighborhoods. Glossing over his own party's reputation for political retribution, Rizvi claimed Mohajirs were outgunned by the Pashtun. Sattar and Rizvi again asserted the conspiracy of Pakistan's establishment stoking ethnic rivalry, designed to keep Punjabis in power. The Charged d'Affairs met with Sattar and Rizvi to discuss their party's stance against the recently signed Nizam-e-Adl Regulation, their ideas for a GOP (government of Pakistan) response and the potential for violence in the mega-city their party controls. Sattar said he had predicted the failure of dialogue with the frontier militants and advocated a strong military response. He asserted that, though part of the ruling coalition, the Pakistan People's Party (PPP) had not confided any counter-terrorism strategic plans and surprised MQM (and apparently PPP members too) with an April 13 parliamentary resolution, endorsing the regulations. He suggested that all major political parties approach the Army to request immediate action against the Taliban. Rizvi complained that fellow coalition partner Awami National Party (ANP) was fanning Pashtun ethno-nationalism in Karachi, and still moving forward with plans for a controversial May 12 commemoration of 2007 intra-party violence.

More recent revelations from Wikileaks have yet again exposed the traitors within the civilian and military leadership. The way in which the civilian leadership expressed happiness over the Raymond Davis and Abbotabad incidents and the way in which the military leadership responded, devoid of honour and valour, have made clear that they are as loyal to America as Musharraf was. Not to mention three People's Party Provincial Ministers keeping

 Titles:

• Italian town prints its own currency to fight austerity measures
• Wealthy Germans want to pay more taxes
• Jewish State dispatches 2 warships to Egyptian border
• Iran's supreme leader warns against U.S. benefit from uprisings
• Iraq and Afghanistan: US loses $60 billion in waste and fraud

 Details:

Italian town prints its own currency to fight austerity measures
If you're a small-town mayor unhappy with your national government, there's one thing you can do: declare independence and start issuing currency with your face on it. Just ask the mayor (or should we say, prince?) of Filettino, Italy. Italy is right in the middle of the larger sovereign debt crisis going on in Europe, which is shaking the confidence of markets across the globe. The Italian government has issued a number of austerity measures to get its books in order, including plans to merge the governments of towns with less than 1,000 people to cut costs. That's 1,963 towns total. But Luca Sellari, the mayor of Filettino, Italy, is fighting back. Rather than give into the national government's demands, Sellari wants his central Italian town of 598 to become an independent state under a monarch. Who would be the monarch, you ask? Well, Sellari, of course. "It's everyone's dream to be a prince," he told The New York Times.
Printing more money to address a lack of confidence in fiat money is a recipe for failure and will only lead to inflation. The only solution is to return to the gold standard. This is where paper money is backed by gold and silver, and prices automatically stabilise.

Wealthy Germans want to pay more taxes
Wealthy Germans are joining what is becoming a European trend: Ultra rich people saying they are willing to carry a higher tax burden in order to help the continent's economies struggling with crushing levels of debt. "I would have no problem if the top tax rate were to be raised," said Michael Otto, who is worth more than $16 billion ($11 billion) and heads up the massive mail order company of the same name.  Martin Kind, president of the Hannover 96 Bundesliga football club and head of a firm making hearing aids, echoed Otto's words while adding the condition that the national debt be addressed. "A few percentage points in higher taxes won't make the wealthy poor," said rock musician Marius Müller-Westernhagen. The words echo similar statements from famed US billionaire Warren Buffet, who has called on the rich to shoulder more of the burden during tough economic times. Sixteen wealthy French citizens, including Christophe de Margerie of oil giant Total and L'Oréal heir Liliane Bettencourt, signed a petition earlier this month, asking the government to increase their taxes. The French government has since proposed a three-percent surcharge for the country's ultra rich. Germany itself has a back-and-forth history of both wealthy people offering to pay more taxes and government officials criticizing their excesses.  A group of about 50 wealthy Germans called the Initiative of the Wealthy for a Wealth Tax, has been calling for higher taxes on the wealthy for some time now.
The monopoly of the super rich over the world's wealth, treasures and resources exists only because there is no other ideology to challenge their greed and hegemony. Islam is the only ideology in the world that categorically forbids the super rich from hoarding their wealth and mandates that they share it with the people. Allah mentions in Surah Al Hashr a translated meaning of which is: "And what Allah restored to His Messenger from the people of the towns - it is for Allah and for the Messenger and for [his] near relatives and orphans and the [stranded] traveler - so that it will not be a perpetual distribution among the rich from among you. And whatever the Messenger has given you - take; and what he has forbidden you - refrain from. And fear Allah ; indeed, Allah is severe in penalty." [Al-Hashr, 59:7]
 

Jewish State dispatches 2 warships to Egyptian border
The Jewish military said Monday that it has sent two additional warships to the Red Sea border with Egypt following warnings that militants are planning another attack from Egyptian soil. Monday saw IDF Chief of Staff Lt.-Gen Benny Gantz order the deployment across the entire southern sector, especially in the area near the Jewish State's border with Egypt. The southern sector, and especially the area adjacent to the border, has been virtually flooded with military forces, deployed in a manner defined by one security source as "unprecedented." No changes in security alignments were observed on the Egyptian side of the border.
It is clear that the Jewish state is an avowed enemy of Egypt, so why does the military regime insist on maintaining cordial ties with Jewish state. If the regime was sincere to Islam and Muslims it would: renege on Egypt's treaty with Israel, cut all diplomatic ties, stop the sale of gas and treat the Jewish state as the enemy of Muslims. Furthermore, the regime should take all measures to liberate Palestine from the Zionist occupation.

Iran's supreme leader warns against U.S. benefit from uprisings
Iran's supreme leader, Ayatollah Ali Khamenei, congratulated the "revolutionaries" behind the so-called Arab Spring rebellions but warned them against allowing the United States to take advantage of the upheaval, reflecting the Iranian leadership's deep unease with the uprisings that have swept the region. "If the Muslim nations stand against those who interfere in their internal affairs, these nations will experience progress," Khamenei said Wednesday. "But if the world of oppression and world Zionism, including the oppressive regime of the United States, take control, the Muslim world will experience major problems for decades."
So why does not Iran take the lead in standing up to America and helping Muslims to liberate themselves from the shackles of imperialism.  This is because Iran is actively involved in helping America cement its rule in Syria, Iraq and Afghanistan. Allah (SWT) says in the Quran: "Have you seen those who claim to believe in the revelation revealed to you and the revelation revealed earlier? They seek the ruling of taghoot (non-Islam) although they have been ordered to disbelieve in it." [TMQ An-Nisa: 60].

Iraq and Afghanistan: US loses $60 billion in waste and fraud
As much as $60 billion in US funds has been lost to waste and fraud in Iraq and Afghanistan over the past decade through lax oversight of contractors, poor planning and corruption, an independent panel investigating US wartime spending estimates. In its final report to Congress, the Commission on Wartime Contracting said the figure could grow as US support for reconstruction projects and programs wanes, leaving both countries to bear the long-term costs of sustaining the schools, medical clinics, barracks, roads and power plants already built with American tax dollars. Much of the waste and fraud could have been avoided, the commission said. Government agencies should overhaul the way they award and manage contracts in war zones so they don't repeat the mistakes made in Iraq and Afghanistan, the commission said. Among the report's 15 recommendations are the creation of an inspector general to monitor contracting during contingency operations and the appointment of a senior government official to improve planning and coordination. The Associated Press obtained a copy of the commission's 240-page report in advance of its scheduled public release on Wednesday.
Allah (swt ) in the Quran: "Indeed, Those Who Disbelieve Spend Their Wealth To Avert [People] From The Way Of Allah . So They Will Spend It; Then It Will Be For Them   [Source Of] Regret; Then They Will Be Overcome. And Those Who Have Disbelieved - Unto Hell They Will Be Gathered." [TMQ 8:36]

The recent announcement by the Energy and Water Regulatory Authority (EWURA) of a reduction in petroleum prices resulted in some oil companies undertaking a ‘cold protest' by not selling petrol for several days. This action harmed the general public as well as social and economic life; in the end,