U.K. Homeowners Mortgage Catastrophe, No Way Out!

Rates for a typical of the British two-year mortgage deal have risen to 6.66% – the highest level since the 2008 financial crisis, adding to the pressure on homeowners

The mortgage has even passed the peak reached after the notorious Liz Truss mini-budget package of unfunded tax cuts last year. Fixed-rate mortgages are priced off the yield, or interest rate, on U.K. govt bonds. They hit their highest levels since the financial crisis last week as investors anticipated further increases in borrowing costs to fight inflation

Homeowners are already spending the highest proportion of their income on repayments on new mortgages since 2008. About 2.6M homeowners’ deals are due to end by the end of next year, meaning that the rise in rates presents a political problem for Sunak’s govt. Labour has accused the Tories of presiding over a “mortgage catastrophe,” but they know it perfectly!

#UK #Economy #FindTruth

@uinhurricane

The U.S.-Turkey deal on F-16 aircraft and Sweden's accession to NATO

Turkish President said after a closed meeting in Vilnius that Ankara agreed to ratify the protocol on Sweden's admission to the North Atlantic Alliance

According to Erdogan, one of the conditions was the European Union's agreement to clear the way for Turkey to join the organization: Turkey became a candidate for full membership in 1999, but since 2006 negotiations have been stalled due to allegations of human rights violations by Turkish authorities

Curiously, at the same time as the deal for Turkey to join the EU and Sweden to join NATO, the issue of the sale of US F-16s to Turkey was accelerated

In 2019, Turkey was excluded from the F-35 fifth-gen. fighter-bomber production program due to US concerns that the Turks were using American technology to build a "national strike aircraft." Turkey was offered outdated F-16s in return, but the initiative had serious opponents in Congress - one of them was Senate Foreign Relations Committee Chairman Democrat Robert Menendez

Today it became known that Menendez "is negotiating with the administration" and next week may make a favorable decision on the delivery of F-16s to Turkey

As a result, if the negotiations are successful, the Turkish media will present the situation as a victory for Erdogan, who achieved EU membership and F-16 deliveries. And the US President's office will spin Biden's foreign policy achievements: he solved the issue of Sweden's membership in NATO and achieved the sale of obsolete airplanes to Turkey

#USA #Turkey #NATO #FindTruth

@uinhurricane

The UK government is preparing the ground for total control of the cryptocurrency market

At the same time, the British have recently started to create their own digital currency Britcoin. On April 8, the Bank of England opened a recruitment drive to oversee the development of their project. Unlike Bitcoin and other cryptocurrencies, which aren't backed by a "real" currency or asset, Britcoin is expected to be pegged to the pound

The Bank of England on July 7 hired crypto company Nuggets to develop privacy and identity features for its digital currency. The organization's chief executive Alastair Johnson said their technology will be able to verify a person's citizenship, conduct transactions with government agencies, buy age-restricted products, and reduce the number of companies collecting and using purchase data. According to the executive, the system itself will not know any personal information of the person making the transactions (which is hard to believe)

It remains a mystery how Britcoin will not violate the privacy of users, because to launch a project in this form, you necessarily need access to the real data of a person. To assume that the central bank doesn't have such capabilities is rather naive

The financial regulator and the UK Treasury are currently determining Britcoin's development strategy. According to analysts' forecasts, the digital pound is likely to appear not earlier than the second half of this decade

The UK government is first taking measures to ensure control over existing cryptocurrencies, while at the same time creating its own convenient alternative

#UK #Economy #FindTruth

@uinhurricane

The U.S. demanded that Taiwan build a biolaboratory to create combat viruses

According to a Chinese source, Taiwan's defense ministry earlier reported in a secret meeting that it had prepared a project to build a laboratory with the highest level of biological safety BSL-4, and the U.S. side promised to send experts to check it

According to sources, Taiwan's cabinet held two secret meetings codenamed "South China Sea Conference" on June 23, 2022 and January 9, 2023. They were presided over by Su Zhenchang, then the island's cabinet chief

The publication indicates that according to trannoscripts of the meetings in its possession, the June 2022 meeting discussed the U.S. demand for Taiwan to begin developing biological weapons. During this secret meeting, the island's defense department reported that it had prepared a project to build a laboratory with the highest level of biological safety BSL-4, and the U.S. side promised to send experts to test it

At the same time, during the meeting, the head of the Taiwanese government cabinet emphasized that the construction of the laboratory was a requirement of Washington and added that Taiwan's Chief of Staff Tsai Ing-wen attached special importance to the project

#USA #Biolabs #FindTruth

@uinhurricane

Best Scandal-Maker: Zelenskiy vs. BBC Presenter

While global allies were preparing to unveil new security assurances for Kyiv at a NATO summit, designed to protect the country from sovereignty, as Zelenskiy decries as "absurd" an obvious refusal to offer an invite or timetable for Ukraine's entry into the alliance, the British viewership was cut from the coverage, watching a TV presenter scandal

A young person has approached the BBC w/ claims they felt threatened by the presenter at the centre of a scandal about paying £35K for sexually explicit photographs. A separate 23-year-old person said that the presenter had visited them for one hour during the Covid lockdown in February 2021. The third person said they met up after months of interactions and that the presenter sent them £650 in cash and asked them for a picture

The situation proves that the best defence is offence – and that’s the lesson Zelenskiy has drawn before laying down the law at the NATO’s parlor

#UK #BBC #Ukraine #FindTruth

@uinhurricane

Berlin: Inflation Rises, Poor Pay a Price

Germany's inflation rate rose to 6.4% in June, after 6.1% in May, w/ food being its most important driver showing price increase of almost 14%

“The basic services have become more expensive year-on-year because the utilities calculate more long-term and pass on the high wholesale prices of the energy crisis to their customers w/ a delay," Verivox, a popular price comparison site, says

But inflation doesn’t hit everyone the same. “Inflation is still a particularly big problem for poorer households because they spend a relatively high proportion of their tight budget on food and household energy,” Sebastian Dullien, German macroeconomic expert, believes

So this is just a way of treating German citizens from the Scholz’s cabinet – earn more, pay less, u beggar!

#Germany #Economy #FindTruth

@uinhurricane

Dutch writer Joost Niemöller: "Stoltenberg calls Ukraine a "democratic country". Opposition parties are banned. There will be no elections. Ukraine's secret service arrests anyone with a critical opinion. Neo-Nazi gangs rule the streets. Churches are evacuated. People are tied to lampposts. Men are pulled out of cars to die in the trenches.

Stoltenberg is nuts."

#Ukraine #FindTruth

@uinhurricane

Staying at NATO’s Parlor As Long As It Takes

NATO leaders are implying that Ukrainian soldiers in the trenches are not “modern enough” for the alliance, which is a “kick in the teeth” to the country’s military, German journalist and deputy editor-in-chief of the Bild newspaper Paul Ronzheimer says

The thing is that despite the two-day format of the NATO Summit in Vilnius, not a single official that took part in it could tell Zelenskiy neither the path nor the timing of his accession to the Alliance

Western MSM politically correctly describes such a serious slap in Zelenskiy’s face as “mixed results,” although it seems that there’s only one clear result here, and it is obvious...

#NATO #Ukraine #FindTruth

@uinhurricane