Speaking at his annual state of the European Union address, Barroso, in a desperate bid to save the euro from destruction, said that the nations of the EU need to realise they are 'in the crisis together.' He said the crisis, which had hit Greece, Portugal and Spain had 'fuelled populism and extremism' in Europe. Barroso said: "Europe needs a new direction."

"Old ideas" will not work anymore and greater political union is needed in order to save the euro currency, he said. Barroso said the EU needs to "move toward a federation of nation states" that involves shared sovereignty, drawing a distinction between that and a "superstate."

"Pooled sovereignty means more power, not less," he argued. The EC chief even claimed that the EU should have its own military force which would be able to intervene in conflicts 'when needed.'

Williams says, “You’re likely going to see a dollar sell-off... That should evolve into hyperinflation.” Williams, “Doesn’t see the current system holding together without hyperinflation beyond 2014.” He contends the real annual deficit is “$5 trillion per year” and says, “That’s beyond containment.”

Williams predicts, “Hyperinflation is virtually assured because the Fed doesn’t have any options left.” Williams says people should get prepared because we are facing a “man-made disaster.”

Right now, the US dollar is the primary reserve currency of the world. Even though that status has been chipped away at in recent years, US dollars still make up more than 60 percent of all foreign currency reserves in the world. Most international trade (including the buying and selling of oil) is conducted in US dollars, and this gives the United States a tremendous economic advantage. Since so much trade is done in dollars, there is a constant demand for more dollars all over the globe from countries that need them for trading purposes.

So the Federal Reserve is able to flood our financial system with dollars without it causing a tremendous amount of inflation because the rest of the world ends up soaking up a lot of those dollars. But now that is changing. China and Russia have been spearheading a movement to shift away from using the US dollar in international trade. At the moment, the shift is happening gradually, but at some point a tipping point will come (for example if Saudi Arabia were to declare that it will no longer take US dollars for oil) and the entire global financial system is going to change.

When that tipping point comes the global demand for US dollars is going to absolutely plummet and nightmarish inflation will come to the United States. If such a scenario sounds far out to you, then you have not been paying attention. In fact, China and Russia have been working very hard to move us toward exactly such a scenario.

Just the other day, China and Germany agreed to start conducting an increasing amount of trade with each other in their own currencies. You would think that a major currency agreement between the 2nd and 4th largest economies on the face of the planet would make headlines all over the United States. Instead, the silence in the US media was deafening.

At this point, Moody's is threatening to cut the credit rating of the federal government if a deal is not reached soon to reduce our debt to GDP ratio. And Moody's is not the only one concerned about our exploding debt. German Finance Minister Wolfgang Schaeuble recently stated that he believes that "there is great uncertainty about the course American politics will take in dealing the US government's debts, which are much too high".

Once the US dollar loses reserve currency status, that will be a major turning point in the history of our country. We will never fully recover from that, and we will never get back to the same level of prosperity that we are enjoying today. So enjoy spending those dollars while you can. The party is almost over.

The People's Daily, the official newspaper of the Communist Party of China, stated in a September 11 editorial that reports about China’s recent long-range nuclear-missile tests, including a future multiple-warhead ICBM, are part of a major shift in its nuclear posture. “China must accelerate upgrading and strengthening its nuclear deterrent and make it real and believable,” the newspaper said.

The unusual statement was followed by another alarming comment: China should use its nuclear forces to coerce its enemies.

“China should change its past nuclear image, explore the possibility of using the nuclear deterrent to change China’s strategic environment peacefully but firmly, and make China a large country that no country dares provoke easily,” the newspaper said.

US officials said that China on July 24 conducted the first flight test of a new road-mobile ICBM called the DF-41 that will be fitted with between three and 10 warheads. It would be the first of China’s strategic missiles to be outfitted with multiple, independently targetable re-entry vehicles, or MIRVs. China’s military has had MIRV technology for years, after covertly acquiring the know-how during the administration of President Clinton, when similar technology used in launching multiple satellites was transferred to the Chinese.

Clashes continued in the early hours of Thursday morning. President Mohammed Mursi has appealed for calm, saying Egyptians "reject any kind of assault or insult" against the Prophet Muhammad. "I condemn and oppose all who... insult our prophet. [But] it is our duty to protect our guests and visitors from abroad," he said in a statement broadcast by state media. "I call on everyone to take that into consideration, to not violate Egyptian law... to not assault embassies."

Mitt Romney, Mr Obama's political foe, criticised his handling of the crisis. Ambassador J Christopher Stevens reportedly died of smoke inhalation after a crowd stormed the consulate. Three other Americans were also killed and the consulate set ablaze. Rocket-propelled grenades were reportedly fired during the assault on Tuesday night.

Correspondents say the film at the heart of the row, which appeared on Youtube translated into Arabic, is highly provocative and insulting to Muslims. An Islamic tenet bans the portrayal of the Prophet Muhammad. Cartoons featuring the founder of Islam sparked violent unrest among Muslims in 2005 when they were published by a Danish newspaper.

Libya is awash with weapons and armed militias - some of a salafist or extreme Islamic fundamentalist outlook - hold sway in many areas.

He said he is seeing with his own eyes military movements the likes of which he has never seen in his 20+ years in Israel .

What he called a massive redeployment and protective tactics of forces is underway. Over the last two days he has seen anti-aircraft missile deployments throughout the Jerusalem area including 3 mobile units that he can see from his office windows.

In addition, he has seen very large Israeli armored columns moving fast toward the Sinai where Egypt has now moved in Armor. There are reports of the top military leaders meeting with Israel’s Senior Rabbi which is something that has happened preceding every prior military campaign. His admonition is to watch carefully and pray for Israel and its people. He is convinced that barring something extraordinary Israel will attack Iran – with or without the US – and very soon.

It is the belief in Israel that [Mr] Obama does not stand with Israel but with the Arab countries. He has told me before that Israel will sabre rattle from time to time but that this time is very different from what he is seeing and hearing. He was at the Wailing Wall 2 days ago and there were hundreds of IDF soldiers there. As he was leaving he passed at least 20 military buses full of soldiers in route to the wall. He has never seen this before either.

[Mr] Imposimato presided over several terrorism-related cases, including the kidnapping and ultimate assassination of President Aldo Moro, the attempted assassination of Pope John Paul II, other political assassinations and kidnapping cases and several cases against the Mafia. He is a former Senator who served on the Anti-Mafia Commission in three administrations.

[Mr] Imposimato is also a former legal consultant to the United Nations regarding institution of laws to control drug trafficking. This week, Judge Imposimato stated publicly in writing that 9/11 was just like the “strategy of tension” carried out in Italy.

Specifically, the former Italian Prime Minister, Italian judges, and the former head of Italian counterintelligence admit that NATO, with the help of the Pentagon and CIA, carried out terror bombings in Italy and other European countries in the 1950s and blamed the communists, in order to rally people’s support for their governments in Europe in their fight against communism.

As one participant in this formerly-secret program stated: “You had to attack civilians, people, women, children, innocent people, unknown people far removed from any political game. The reason was quite simple. They were supposed to force these people, the Italian public, to turn to the state to ask for greater security”

The fate of the euro will be decided in Germany. That's what legendary investor George Soros writes in an essay this week published first by the New York Review of Books and later by Spiegel Online in Germany. The 82-year-old believes that Germany either needs to be convinced or pushed to take greater action. And he argues that the country must either lead as a "benevolent hegemon" or leave the euro.

Soros, a native of Hungary, has emerged as one of the leading critics of the German government's policies in addressing the euro crisis. In light of the dramatic developments in recent weeks, the billionaire investor has once again sharpened his arguments.

Since the start of the global financial crisis after the collapse of United States investment bank Lehman Brothers, Chancellor Angela Merkel has been to a large degree responsible for the erosion of unity that befell the European Union, Soros writes. Merkel's demand that each country provide guarantees for its own financial institutions was "the first step in a process of disintegration that is now threatening to destroy the European Union."

At each point in time over the past three years, the crisis could have been solved relatively easily and inexpensively, Soros writes. Instead, Germany missed every opportunity to resolve the crisis, and the situation deteriorated to the point that the very survival of the euro came into question. Meanwhile, Europe "did only the minimum necessary to avoid a collapse of the financial system." Now this has all come back to haunt it.