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The world as we see it

Freemont Group
01 July, 2012

A lot can happen in one month time. The following developments and articles caught our eye for various reasons:

The Greek elections of June 17 resulted in a narrow win for the pro-euro New Democracy party. The Greek political system allows 50 ‘ bonus seats to whomever wins the most seats, which means that New Democracy can form a coalition majority with the other main pro-euro party Pasok. What will that mean to Greece? Probably more of the same we've seen in the past 3 years: riots, bail-outs, austerity and new elections.

Meanwhile Spanish banks were bailed-out by the newly formed but not yet approved European Stability Mechanism. As always Nigel Farage gave a brilliant speech to deaf ears in the EU parliament, summarizing the utter stupidity of a debt union between broke nations.

Also held last month: the Bilderberg meeting in Virginia. With the upcoming elections the United States was the obvious choice. We won´t lose ourselves into conspiracy speculation, but we do like to point out that the definition of a conspiracy is a secret plan by a group of people to do something harmful or illegal. The fact that a group of powerful people (including representatives of elected governments) meet in secret should make any rational person suspicious. If these people have our best interests in mind, why the need for secrecy? The G20 meeting is on public record, as is almost everything that goes on at the IMF, World Bank or even the EU. And if something smells fishy, it probably is.
Bad news from the United States election front: Ron Paul has dropped out after it became clear that Mitt Romney´s lead was too great to overcome. His son, Senator Rand Paul, has endorsed Mitt Romney in the hopes of at least securing a vice-presidency. This move has been highly criticized by many Ron Paul supporters. Rand Paul defended himself against allegations of disloyalty by answering questions from supporter in this long interview. He compared his decision to that of his father when he shifted from the Libertarian Party to the Republican party in order to further the freedom movement. This is one of the biggest dilemma's for liberty minded people: should government be changed from within or challenged from the outside.
War looms between Turkey and Syria when a Turkish fighter jet was shot down by Syrian air defense systems. Following the incident, Turkey´s president Erdogan vowed to "teach Syria a lesson". It should be noted however that Turkey has admitted they support Islamic radicals in Syria and that their F4 fighter-bomber had indeed violated Syrian airspace. For those that are unfamiliar with military hardware: the F4 Phantom is a Vietnam era jet of which a remote controlled target drone version is available, which could explain why the wreckage, but not the pilots have been located.

A war between Turkey, a member of NATO, and Syria could trigger an international intervention in the war between the Syrian government and Sunni Islamic terrorists. All they need is a 'justification'.

Talking about drones, the University of Austin, Texas was asked by the Federal Aviation Authorities and the Department Homeland Security to test the security of one of their drones by trying to hack into their system. Professor Todd Humphreys and his team did just that, using equipment costing less than a $1000 to assemble they managed to fully take over control of the unmanned aircraft. The US government already uses drones domestically for various surveillance missions, so this news will undoubtedly make American citizens sleep better at night.

That irony can be a bitch was also discovered by British comedian Jim Carr. Jimmy, who can be highly critical of wealthy Brits who avoid taxation offshore, had some explaining to do after it was revealed he himself keeps his money on Jersey. Although his Jersey trust is entirely legal, Carr´s hypocritical behavior had placed himself in an indefensible positions when he was filleted by his own comedy show panel members in typical British fashion.

About the Author

Freemont Group

Freemont Group is a comprehensive provider of fiduciary services, including corporate formation and administration, trust, fund formation, legal-and tax services. Contact: info@freemontgroup.com


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