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Kajzer Soze
Creativity knows no borders! Don't you agree?
Posted in: EntertainmentFriday, October 26, 2012
Sunday, October 21, 2012
Macedonians invented the first submarine?!
It is a little known fact that the ancient Macedonians were pioneers in protected underwater diving, i.e. they were the first people (for which there are records) that made some kind of a submarine. The first protected underwater diving attempts were performed using a large glass bell which used a rope to be lowered to the seabed. Inside the bell was the diver, who enjoyed the sight under water through the walls of the bell. The bell had a continuous flow of air. Certainly in this way the submarine could not reach great depths, but at the time of antiquities, it is still considered as an interesting discovery.
More researchers on the history of protected underwater diving mention Macedonians as pioneers of such diving. Thus, for example, the famous oceanographer and underwater diving expert Dr. Stephen Wood in his paper "Milestones in the history of the exploration of the oceans" clearly stated that the Macedonians were the ones who first began with a protected underwater diving. He mentions an Indian medieval illustration showing scuba diving with great glass bell, that Indians have inherited from the Macedonians. In this connection, Dr. Wood writes:
"One of the earliest reports on the use of devices which enabled the diver to enter under water with a certain degree of protection and supply of air entering in the diving bell, is one that Kolimfa has used around 330 BC according to the previous diving under water of Alexander the Great. This bell is painted by an Indian miniature painter in 1575. Testimony of such a bell appears in the 13th century in a French manuscript titled 'The True History of Alexander'."
Some insufficiently informed researchers believe that the protected underwater diving by the Macedonians is only a romantic legend, created in the Middle Ages. Namely, it is known that during the Middle Ages, were created a number of stories and legends about Alexander. Likely that these stories and legends were based on the content of older records or oral legends of antiquities, which over time, in the Middle Ages were redesigned and amended with various fantastic tales associated with his life, especially his trips. Thus, romantic legends and stories were created with fantastic motifs (Alexander encounters with various monsters, finding a water source with vitalising effect, trips to nonexistent and strange countries, etc.).. In this context, some believe that the protected underwater diving practiced by the Macedonians is only a fabrication of medieval authors.
However, such claims are arguably denied by scientist Dr. Wood, who offers ancient (not just medieval) testimonies of protected underwater diving by the Macedonians. In fact, he writes that even Aristotle mentions this diving. In connection with all this, in addition to his paper, Dr. Wood writes:
"In his work 'Probleranta', Aristotle describes the system for underwater diving of his time, and says: 'They invent device through which divers could breathe. It was a dish that descended down and of course it was not filled with water, but with air, which constantly supplied dived people."
Aristotle was born in the city of Stagira in Macedonia and he (at least by his father) is considered to be Macedonian. He was the main teacher of Alexander the Great. Thus, the testimony of Aristotle's protected underwater diving (given in the 4th century BC) refutes the opinions that it was a romantic fabrication of medieval authors.
Today almost all stakeholders in the area and beyond accept that the Macedonians were pioneers in protected underwater diving. Thus, for example, in the contemporary known general computer Encarta Encyclopedia (quote work title: Diving, underwater), as official stance is mentioned the fact that it was the Macedonians who were the first pioneers in the field of protected underwater diving. In this connection, we can read:
"Underwater diving is entering and staying under the surface because of work or study. Diving without mechanical assistance was practiced even in antiquities for collecting pearls and sponges. Different ways to supply the diver with air in order to allow him a longer stay under water were tested as early as the 4th century BC. It is believed that Alexander the Great carried out underwater diving machine that was probably a primitive form of diving bell, and Aristotle mentions the diver techniques that allowed him to breathe underwater."
Protected underwater diving by Macedonians is illustrated in a 15th century illustration. In particular it is an illustration from a French manuscript published in Rouen in 1445. The manuscript is known under the title "Old French prose - romance of Alexander." It is illustrated with a miniature featuring Alexander diving under water in a glass container, tied with ropes to a ship in which there are two persons siting. It is interesting in the illustration Alexander and his friends are dressed in what was then a French outfit. In fact, this practice (characters from older history to represent improper clothing, i.e. clothing from the time of the creation of the image) is well known in the history of art.
To conclusion is that there is a strong evidence that the Macedonians were those who remain recorded in history as pioneers in protected underwater diving and this is accepted as the official attitude of the authorities concerned in the area.
Posted in: World News
Saturday, October 20, 2012
Thursday, October 18, 2012
Shark tattoo on an amputated hand
Is it another eccentric tattoo? Maybe it's just a way to cover the terrible destiny of his hand, or just maybe painting how he lost his hand. Anyway, we can all agree - creative tattoo ..
Posted in: Entertainment
1912 - First Balkan War
First Balkan War erupted in October 1912, in which Serbia, Montenegro and Bulgaria fought against the Ottoman Empire, in a coalition called "The Balkan League". The war ended with an armistice on December 3rd the same year. At the Peace Conference in London, May 30th 1913, Turkey had to give up all possessions in Europe, apart from Edirne, which the allies managed to take but failed to hold under their authority. Macedonian people took an active part in the war, fighting with expectation for freedom and independence. But instead, the Allies divided Macedonia, which, in turn, due to "inadequate separation" was the reason for the beginning of the Second Balkan War.
At the same time, Italy sends it's own troops in Libya and several islands in the Ege Sea. There are numerous uprisings in Arabia against the Turkish authority, so the large and well equipped Turkish army suffers defeat and loses in almost all fronts. The city of Thessaloniki, with more than 100.000 soldiers, most modern canons and navy with 6 submarines, surrenders to the Greek army without a fight. That same Greek army didn't managed to conquer the fortress of Janina, while the fortress of Edirne is conquered by the Bulgarian army in which for the first time were used airplanes for bombarding. Bulgarian army approached 20 km outside of Istanbul and Macedonian soldiers showed dedicated fight in stopping the counter attacks of the Ottoman army lead by Mustafa Kemal Ataturk.
Ottoman Turks were chased away from the Balkan, but with the Peace Conference East Trakia and Edirne remained under their authority, while Macedonia was divided between Serbia, Bulgaria and Greece, which meant that the Macedonians fought in the war only to be conquered again by her neighbors.
Posted in: World News
Wednesday, October 17, 2012
Cro-Cop on Blake's dirty move
The main fight of the K-1 event in Tokyo had a very disputable situation - Blake hitting Mirko Cro-Cop in a situation when the Croatian fighter reached his hand as a sign of apology.
Red corner jumped a minute before the end of the third round when the American fighter Randy Blake gave Mirko a "cheap" hit after he offered an apology for the punch he was going to make, but in the end he didn't.
However, although the Croatian fans reacted extremely sharp, like most around the world, "bad blood" between Mirko and Blake doesn't exist. They met in the hallway right after the fight and they even photographed together.
"I turned away from him and I wanted to give him a friendly hand, and he hit me. He made a good clean hit in the chin. I was not shaken or knocked down, more surprised. It was certainly a bit unsportsmanlike and dirty, but I'm an experienced fighter and I have to protect myself at every minute during a fight, so I have no hard feelings. This is such a sport, and I have to be careful in these situations" - said Mirko after the fight.
Mirko started the fight little more restrained at the beginning , but that obviously was the plan, and Cro Cop is very pleased with what he did:
"I felt great in the match. There had been no muscle cramps or something similar. Now I feel good. Superbly. If the tournament went on, I could immediately go into the next match. I'm delighted about that."
Blake complained a bit to the situation during the second round when the referee counted him because he was knocked down, but he claimed that he had received a blow to the genitals. "It was a clean hit above the belt. I'm sure of that and the judge counted him fairly." added Mirko on the subject.
Although Blake's incorrect move didn't leave that impression, the American still greatly appreciates Croatian fighter:
"It was a privilege to fight you. Thank you for this opportunity. You're a legend of the sport and you deserved to win." Blake referred to Mirko during a meeting after the match.
It's still unknown who will be Mirko's next opponent, because now that is determined by drawing lot, and Mirko watched performances of other fighters as much as he could:
"There were some excellent fights. Morosanu and Slowinski made a terrific match. They were just torn up. It's all a lottery. Gerges couldn't walk after the fight, and he is a top fighter. There are eight hazardous boys left and whoever the draw grants me, it will not be easy."said Cro Cop after the match in Tokyo.
Otherwise, Mirko earned lower left leg injury during the match with Blake. He earned a cut and the first estimation was that it had to be sewed, but the situation still turned out to be a little bit better than it seemed at first sight. The cut is long about eight inches and doctors thought to sent Mirko immediately to sewing, but after they cleaned the injury and gave a better view, they decided it's better to heal on itself.
"I felt great in the match. There had been no muscle cramps or something similar. Now I feel good. Superbly. If the tournament went on, I could immediately go into the next match. I'm delighted about that."
Blake complained a bit to the situation during the second round when the referee counted him because he was knocked down, but he claimed that he had received a blow to the genitals. "It was a clean hit above the belt. I'm sure of that and the judge counted him fairly." added Mirko on the subject.
Although Blake's incorrect move didn't leave that impression, the American still greatly appreciates Croatian fighter:
"It was a privilege to fight you. Thank you for this opportunity. You're a legend of the sport and you deserved to win." Blake referred to Mirko during a meeting after the match.
It's still unknown who will be Mirko's next opponent, because now that is determined by drawing lot, and Mirko watched performances of other fighters as much as he could:
"There were some excellent fights. Morosanu and Slowinski made a terrific match. They were just torn up. It's all a lottery. Gerges couldn't walk after the fight, and he is a top fighter. There are eight hazardous boys left and whoever the draw grants me, it will not be easy."said Cro Cop after the match in Tokyo.
Otherwise, Mirko earned lower left leg injury during the match with Blake. He earned a cut and the first estimation was that it had to be sewed, but the situation still turned out to be a little bit better than it seemed at first sight. The cut is long about eight inches and doctors thought to sent Mirko immediately to sewing, but after they cleaned the injury and gave a better view, they decided it's better to heal on itself.
Posted in: Sport
Monday, October 15, 2012
Al Capone knows proper PR!
We all have that doubts about which is the proper PR we should do in our everyday life. I guess Al Capone found his proper PR ..
Posted in: Entertainment
Saturday, October 13, 2012
After four years of absence, Cro Cop enjoys divine status in Japan
Croats and Japanese have so little in common. Maybe it's even better to say nothing except that Mirko Filipovic is a hero to both nations. In Croatia he is one of the icons of sports scene, and in Japan is practically a deity. Although he didn't fought for four years in the Land of the Rising Sun, most Japanese will bow down to the floor even if you only mention his left hand, and in their eyes you will see the passion that has not disappeared despite the huge crisis that hit the combat sport in this country.
If you are a Croat, the first thing you'll face at the same minute you enter Japan is - Aaaa Mirko Cro Cop!, with gesticulations matching those of Mirko, which shows the love and respect they cherish for him. The legend lives on ..
Lets get back to the beginning of the story. Croats and Japanese really have nothing in common. They are quiet, humble, hard-working, their society is governed as the finest pharmacies. Always thinking of others first, and then about themselves. And Croats are ... Maybe it's better not to go into details and explain, but the differences are obvious. Cro Cop still manages to connect both extremes and to connect these two nations. The Japanese have recognized in him a samurai spirit, maximum commitment to the sport and martial indisputable quality. Even now, when he is no longer in his prime and best results are behind him, Filipovic has remained a great professional. On an extremely important match against Randy Blake, who follows him on Sunday, Cro Cop arrived in the Japanese metropolis with his team almost a week earlier in order to acclimate maximally and that nothing would be left to chance.
At the age of 38 attention should be payed to every detail, knowing that even the smallest details are important, and Randy Blake is a serious task that must be completed successfully, and then prepare for an assault on the K-1 title that escaped from him in 1999th.
Now his motivation is bigger, the desire even stronger. The bad episodes in the UFC awakened additional defiance, his team says he is maximum ready, completely healthy and "alight" to the limit. Frankly speaking, the opportunity that it's offered to him is unique and hardly will be repeated ever again.
Laschenko, Gerges, Catinas, Londt - names that certainly should not be underestimated, but with his quality and experience, Cro Cop still stands out as one of the favorites. Matches against Sefo and Lorena were a good guide, although all of the team and Filipovic himself are aware that room for improvement still exist.
American karate fighter on the other side of the ring will be a great indicator of whether the progress is achieved. Is Mirko completely "transformed" on kick boxing and big gloves.
After a few days of quality training in Tokyo, Cro Cop reserved Friday for rest and relaxation. In the afternoon hours he only did easier stretching which is understandably ahead of tomorrow's pretty busy day. On Saturday, the organizers, in fact, planned to double the program - the official weigh-in and press conference at which the public will be presented to all couples. What the most important thing is, according to Cro Cop coach - Mirko acclimated and adapted to weather and climate change.
Unfortunately, the organizers did not succeed in the promotion of the K-1 Final 16 tournament. Although Cro Cop remains a "heart attack" on the streets of Tokyo, very few know that Filipovic will compete on Sunday in the Japanese capital. With all the effort you could not find a single poster, video on TV or a billboard announcing the K-1 tournament. When you have a super star who filled Saitama Super Arena to the last seat and breaks all box office records in Japan in martial arts, then you must use that. People who now lead the K-1 clearly have their own, another vision of how to re-popularize the sport and return it to the path of the old glory. But it's still another story that should be left for another time ..
If you are a Croat, the first thing you'll face at the same minute you enter Japan is - Aaaa Mirko Cro Cop!, with gesticulations matching those of Mirko, which shows the love and respect they cherish for him. The legend lives on ..
Lets get back to the beginning of the story. Croats and Japanese really have nothing in common. They are quiet, humble, hard-working, their society is governed as the finest pharmacies. Always thinking of others first, and then about themselves. And Croats are ... Maybe it's better not to go into details and explain, but the differences are obvious. Cro Cop still manages to connect both extremes and to connect these two nations. The Japanese have recognized in him a samurai spirit, maximum commitment to the sport and martial indisputable quality. Even now, when he is no longer in his prime and best results are behind him, Filipovic has remained a great professional. On an extremely important match against Randy Blake, who follows him on Sunday, Cro Cop arrived in the Japanese metropolis with his team almost a week earlier in order to acclimate maximally and that nothing would be left to chance.
At the age of 38 attention should be payed to every detail, knowing that even the smallest details are important, and Randy Blake is a serious task that must be completed successfully, and then prepare for an assault on the K-1 title that escaped from him in 1999th.
Now his motivation is bigger, the desire even stronger. The bad episodes in the UFC awakened additional defiance, his team says he is maximum ready, completely healthy and "alight" to the limit. Frankly speaking, the opportunity that it's offered to him is unique and hardly will be repeated ever again.
Laschenko, Gerges, Catinas, Londt - names that certainly should not be underestimated, but with his quality and experience, Cro Cop still stands out as one of the favorites. Matches against Sefo and Lorena were a good guide, although all of the team and Filipovic himself are aware that room for improvement still exist.
American karate fighter on the other side of the ring will be a great indicator of whether the progress is achieved. Is Mirko completely "transformed" on kick boxing and big gloves.
After a few days of quality training in Tokyo, Cro Cop reserved Friday for rest and relaxation. In the afternoon hours he only did easier stretching which is understandably ahead of tomorrow's pretty busy day. On Saturday, the organizers, in fact, planned to double the program - the official weigh-in and press conference at which the public will be presented to all couples. What the most important thing is, according to Cro Cop coach - Mirko acclimated and adapted to weather and climate change.
Unfortunately, the organizers did not succeed in the promotion of the K-1 Final 16 tournament. Although Cro Cop remains a "heart attack" on the streets of Tokyo, very few know that Filipovic will compete on Sunday in the Japanese capital. With all the effort you could not find a single poster, video on TV or a billboard announcing the K-1 tournament. When you have a super star who filled Saitama Super Arena to the last seat and breaks all box office records in Japan in martial arts, then you must use that. People who now lead the K-1 clearly have their own, another vision of how to re-popularize the sport and return it to the path of the old glory. But it's still another story that should be left for another time ..
Posted in: Sport
Friday, October 12, 2012
Tour de France - TOUR DE DOPING
ASTOUNDING FACT!
In the last 15 years, astonishing 12 times the title was deprived from the winner of the Tour de France. Even one-third of all competitors in the Tour de France from 1998 to 2012 took "candies" and only in the last edition is (still) not detected any rider among the top 10 that used banned substances. The greatest disappointment in this statistics is the name of the legend - Lance Armstrong, who admitted the charges of the US doping agency one month ago.
Posted in: Sport
Wednesday, October 10, 2012
Tattooed cross on forehead protected women from abduction
"The Turks are disgusted by the cross."
Due to the self-sacrifice of the Savior Jesus Christ, who with this act redeemed the world from sin, in Christian doctrine, among other things, the cross becomes a symbol of salvation. In Macedonia, which is mentioned several times in the Bible, the role of the cross during the five-century Ottoman period is more than just symbolic.
U.S. newspaper "The St. Louis Republic", in an article from the April 5, 1903, writes about the cross as the savior of Macedonian women:
"Tattooed cross protects women. Christian women from Macedonia, marked with a cross between the eyes." According to the same article, a cross was tattooed to "all girls who showed signs of sexual maturity or extraordinary beauty, to prevent their abductions by the Turks."
Reasons why this practice was carried out are described in the article entitled "Macedonian refugees", in the illustrated accessory to the American Journal "New York Tribune" from April 5, 1903:
"It was typically in one province young Christian girls to be stolen for the harems of Turkish governors and other officials. Once the girls grew into women, a small cross was tattooed between their eyes. The cross saved these girls from the harems. Many women had their girls taken in front of their eyes by the soldiers, and if men resisted they were shot on the spot."
Cases of female abductions by Turkish soldiers are also mentioned in the French newspaper "La Vie Populaire", in the article of February 24, 1903, titled "The crimes in Macedonia":
"No women are protected from violence and in a number of villages have been reported cases of abductions."
In the illustrated accessory to the "New York Tribune" newspaper from April 26, 1903, this practice of tattooing young Macedonians in order to save themselves from abductions, is mentioned again:
"Rural women with indelible cross between the eyes. When they were little they showed signs of beauty and their parents mark them (with cross) to prevent Turks to grab them for the harems."
The same journal writes a brief, but clear enough sentence on how the cross saved Macedonian women from abduction:
"The Turks are disgusted by the cross."
But except that Macedonian women were seeking protection and relief from the cross, they also protected the Christianity by themselves and refused to become Muslims. Perhaps the best known example is the history of the Holy Great Martyr Zlata Meglenska, that despite the cruelest torture and threat of death refused to abandon Christianity and become a Muslim.
Abduction of young Macedonian women and their resistance against becoming Muslims, was transformed into national songs by the Macedonian people.
Posted in: World News
NBC gives a shot to Bear Grylls
The saga around Bear Grylls adventure show is finally over. The man who amused us with his incredible surviving skills, techniques of cooking turtles, eating live wоrms and deаd animals, drinking blood out of rotting animal corpses and sleeping in unimaginable natural environments, got the chance he was searching. That chance is called NBC.
As we all know, Bear Grylls glorified himself on the television screens through the cooperation with the TV house Discovery, in which he had the opportunity to present his army surviving skills in the reality show called "Man vs. Wild", covering surroundings of almost all continents.
Return of Grylls on TV screens is scheduled for next summer and the contract is signed with NBC. The new TV show will be called "Get out alive" and NBC had already sign up for eight new episodes. The content of the new show refers to a reality show with several competitors in which they'll be divided into two teams and they will be tested based on a cruel surviving methods. From what it's known for the new show that will start next year, the show will be all about working in teams to complete the given tasks in which they'll be exposed to incredibly rough conditions, something like already known "Survivor", but the expectations are far more demanding knowing Grylls attitude.
Bear's former TV show ended with a contract dispute on March 14th, after TV house Discovery announced they will not continue to cooperate with Grylls anymore.
Bear Grylls was the main character in "Man vs. Wild", a TV show that was on the air on Discovery since 2006, with seven seasons which included 68 episodes that were transmitted into 200 countries world wide.
Although he became a hero for a generation of fans who recognized in Bear's toughness, the show was followed with a great controversy about how much of the survival was real. Rumors claimed that he had a whole team of experts and surviving gurus that set the scenes for him, building shelters and making meals, and that for the time being, Bear slept in hotels.
Although he became a hero for a generation of fans who recognized in Bear's toughness, the show was followed with a great controversy about how much of the survival was real. Rumors claimed that he had a whole team of experts and surviving gurus that set the scenes for him, building shelters and making meals, and that for the time being, Bear slept in hotels.
Posted in: Entertainment
Tuesday, October 9, 2012
Messi and C.Ronaldo are payed poorly?
After Cristiano Ronaldo said last month that he was sad, Spanish media have speculated that the reason for his sadness is small salary. He is one of the best players on the planet, but even nine other players have higher salary than him.
In what kind of a depression will he fall if he finds out that his salary is equal to that of the 52nd best paid baseball player of the MLB league?
Cristiano Ronaldo's salary in Real Madrid is about $13 million per year, and it's a minimal compared with other sports. He receives as much as the wage of Andrew Bogut of the Golden State, the 36th best paid basketball player in the NBA, than Matt Ryan, the 13th best paid rugby player from Atlanta Falcons and Travis Hafner, 52nd on the list of best paid baseball players in the MLB league.
Lionel Messi with $13.6 million is at the same level with Tyson Chandler from New York Knicks, which is 29th best paid in the NBA, the same as the 10th best paid in the NFL and 49th in MLB.
The only football player that to some extent can be worn with the salaries of the players from other sports is the best paid footballer on the planet, Samuel Eto'o. His salary in Anzhi is about $26 million per year, which is much more than the best paid NFL player (Dwight Freeney $19 million).
However, Eto'o earns less than the best paid basketball player Kobe Bryant ($27.8 million) and best paid baseball player Alex Rodriguez ($30 million).
Posted in: Sport
Austrians against further EU enlargement
After the entrance of Croatia in mid-2012, the Austrians do not want additional accession of new countries to the European Union, according to the public opinion survey which was carried out on Monday.
Austrians oppose most on the entrance of Albania, 68% of them are against, and only 15 percent agreed while the rest did not give an opinion, on Kosovo 66 percent against and 16 percent agree, Turkey 65 percent against and 17 percent agree, Serbia 61 percent against and 19 percent agree. These are the results of a survey conducted by the Society for social Research, Austrian Society for European Policy.
Almost uniformly negative attitude have towards BIH's entry into the EU, or 58 percent against and 22 percent agree, 55 percent against and 20 percent agree for Macedonia, for Montenegro 55 percent against and 21 percent agree.
The survey was conducted by telephone and included 500 Austrians.
Posted in: World News
Morning rituals of champions - urine instead of coffee
Trainers and doctors say that diet is one of the most important factors for good shape, but some athletes don't agree with this. This are the strangest ways of nutrition among athletes.
Michael Phelps champion nutrition consists of 12,000 calories per day, or six times more than any normal person. Among other things, it includes eating 8 eggs and three chocolate pancakes for breakfast, he eats pasta and two large sandwiches with ham, cheese and mayonnaise for lunch and eating one pound of pasta and pizza for dinner.
During the Olympic Games in Beijing in 2008, swimmer Ryan Lochte fed exclusively at McDonalds. He had his breakfast, lunch and dinner there, bringing in between 8,000 to 10,000 calories a day. But this unhealthy diet didn't prevent Lochte to win four gold medals at this Olympics.
Legendary baseball player of NY Jankees, Babe Ruth, was known for his routine which consisted of three hot-dogs before match, and he used to wake up every morning with one glass of whiskey.
Lamar Odom of the LA Clippers is never enough of candy. He eats 4-5 packets of chocolates every day, and often wakes up at night and can not fall asleep until he doesn't eat a few candies.
Candie addict is also NFL rugby player Marsawn Lynch who even consumes them during a match.
Brazilian UFC champion Lyoto Machida every morning drinks his own urine. This is routine he learned from his father who comes from Japan and is a former karate champion. They claim drinking urine is like a vaccine and has a healing effect.
Posted in: Sport
Monday, October 8, 2012
USA will bankrupt before Europe?
In the past three years, Americans have managed to convince us that the crisis is over, but not in Europe.
While Europe, with many troubles established the first elements of proficiency corresponding with the globalized world and began to control its public debt, they do not want to admit that the weakness of American democracy enable to increase the level of spending and public revenues suddenly to fall at unprecedented level.
Situation that the next president will face, who ever that would be, will be daunting.
At first glance, all is well on the opposite side of the Atlantic Ocean: Silicon Valley continues to be the leading place in world creativity. New York is still the most fascinating city in the world. American film continues to inspire the world. US armed forces are still allocated worldwide and democracy and security depends on them. US independence is secured by new sources of energy. Wrapped in her own optimism, America believes that will only be enough for some time to borrow, expecting growth to come back and swallow the debt.
But debt is growing much faster than ever before in the history of the United States (more than a billion dollars each year), almost faster than any country in Europe, and in two years will exceed 80 percent of GDP, which is more than double the level in 2008.
To finance the debt, this year federal budget borrows $4 billion, and debt servicing exceeds the defense budget, social security and health care system.
It will work as long as the creditors agree. They are of two types: Federal Reserve (U.S. central bank) which continuously print money (to borrow the state and commercial banks), and the new forces that have become richer with increasing of energy prices and this way invest their redundancy - in order this country to look strong and secure, in order not to exist alternative investments and in order US to be used as a mercenary.
Bank of federal reserves now owns one-sixth of the public debt, which is the highest level in US history. National funds will begin to diversify their investments. Financing of the US debt will be harder.
Logically, this will soon cause a decrease of the value of the dollar, increasing interest, which in the end would be disastrous - rise in interest rate for only one percent will increase the debt servicing of $100 billion.
At that point, US will declare bankruptcy. Can no longer help the unemployed of total 17 percent, would not be able to feed the 50 million people who would not survive without public kitchens, will not be able to repair old bridges and roads. Will not be able to rebuild its education system, which is disastrous (except most prestigious universities, where currently foreign students are becoming majority) and may not be able to maintain its military force.
If there isn't any technological breakthrough, or war economy, the decline of American society will seek pittance. But no one in Europe will benefit from it ..
Posted in: Economy
