Chronicle of Neil Keenan’s Trillion Dollar Bonds Lawsuit: The BIS, Bretton Woods, Black Gold, Maklumat Codes and MASS ARRESTS
Washington DC: Find That Elusive Moral Compass and Give The World The TRUTH about 9/11
2010 And Beyond: In The Midst of Nightmares, The Awakening Struggles for A Voice – Around The World
Occupy Wall Street – 1st Call To Wake Up The Masses Begins, More Occupations Coming
Chronicle of Financial Greed and Megalomania
Slaying Of The Gmork
Wikileaks, Whistleblowers, and Dismantling Psychopathic Empire in the 21st Century
Hunt For Justice -or- Bagging the Collective Parasites
§ ≈∞ ≈∞ ≈∞ ≈ §
”You and your colleagues have helped to build and manage a machinery that has committed treason and genocide on a breathtaking scale. The history of Goldman Sachs over the last two decades is living proof that it is possible to kill with a financial system and a pen.”
Catherine Austin Fitts:
E-mail to a Member of the Research Team at Goldman Sachs
This serious incident for the former IMF chief is just one more in what has been, and what will be, a string of setbacks for those in high power without conscience and without a Spiritual Heart that is in order. Very often, no matter what Powers That Be who wish to continue this charade of greedy hubris, the boomerang is going to come back at them faster than ever before in one form or another. How symbolic that the man at the head of the (visible) IMF bank cartel pyramid has toppled in a hard fall in the space of hours. Found innocent or found guilty remains to be seen but the larger picture shows us this is just one of what is becoming a long string of setbacks for those who climb too high.
Read the July 21, 2011 Fed Audit - criminal!
“The overal (sic) speech of the Greek PM,constitutes a direct attempt to apply state terrorism to the Greek population ,a practice that cannot and will not be tollerated (sic)by the citizens and/or the international community… “ Stop Cartel
“Yet Guido said something else which may be of interest to everyone else in Europe: ‘I don’t want a German Europe. Q. What do you want? A.A European Germany.’ “ Zero Hedge
Shades of 1938
Privatisation (sic) agency chief resigns
“Explaining the reason for his resignation Mitropoulos states, ‘In order to accelerate privatization and to carry out the projected result, the government must provide full support for the administration of the Hellenic Republic Asset Development Fund (HRADF), facilitate all actions, and promote privatization as planned. This will give a message of reliability, professionalism and commitment to those looking to invest in Greece. The newly elected government has not given the support needed… Instead, they have indirectly yet systematically reduced the prestige and credibility in the eyes of potential investors. Furthermore, no set date has been given to the Chairman of the Board to resume meetings and indeed accelerate the privatization program. In these conditions I can no longer work professionally and effectively in my role as CEO entrusted by the state in July 2011.’ “
99% of the people of this planet have less than zero sense of credibility in “privatization” investors. Do you read one single word in this resignation narrative that has any sense whatsoever about the moral ineptitude of catering to global financial thugs while nearly destroying a country’s greatest resource, which is the PEOPLE! What a jerk.
Scandal At The IMF: Senior Economist Resigns, Says “Ashamed To Have Had Any Association With Fund At All”
“The rats everywhere are now jumping furiously off the titanic, but few had taken the time to write a letter explaining in detail just how cracked and broken the hull really was. This has now changed, with the departure of Peter Doyle, formerly a division chief in the IMF’s European Department responsible for non-crisis countries and currently an adviser to the Fund. Not content with quietly slinking off the scandal ridden organization which has become the butt of all jokes in the international community, where humor about Lagarde’s Louis Vuitton panhandling bag is as pervasive as punchlines about just how incompetent the organization is at actually doing its duty, Doyle has penned the following scathing letter which tears down every myth about the IMF: from its impartiality, to the selection process of its head, to its effectiveness.”
In Win for M15 Movement, Spain Opens Criminal Probe of Ex-IMF and Bankia Chief Rodrigo Rato “DemocracyNow.org – Protesters in Spain are celebrating a major victory after the country’s high court opened a criminal investigation into Rodrigo Rato, the former head of Spain’s biggest mortgage lender, Bankia. Rato, also the ex-chief of the International Monetary Fund, has been ordered to appear in court to face criminal fraud accusations related to the downfall of Bankia, a banking giant at the center of Spain’s economic meltdown. The news marks a rare case where a former bank executive is facing a criminal probe related to the global financial crisis. Reporting from Madrid, Democracy Now! host Amy Goodman speaks with Madrid-based activist Olma Gálvez, an organizer with Democracia Real Ya, or Real Democracy Now, part of the May 15 Movement in Spain.”
No doubt, slow-motion “mass arrests” are going to be rolling out now.
Breaking: Home and offices of Nicolas Sarkozy raided by police
(Google translation) “Officers from the financial police and the justice of Bordeaux Jean-Michel Gentil raided, Tuesday, July 3 in the morning, the home of Carla Bruni-Sarkozy , Villa Montmorency in the 16th arrondissement of Paris, the law firm Arnaud, Claude and Associates, in which Nicolas Sarkozy holds units, located 53, boulevard Malesherbes (17 th), and its new premises at its disposal as a former head of state, located 27, rue de Miromesnil.”
No more Mr. Nice Guys – round them all up!
More from France24: Police search Nicolas Sarkozy’s home and office
Tsipras: renounce austerity terms immediately
” ‘Continuing the bailout’s austerity will push our country to voluntarily withdraw from the eurozone,’ [Alexis Tsipras] told the conference.”
” ‘The most important parts of society, the young scientists, the pioneers of Greece’s future, are being pushed to the margins of society and fleeing abroad.’ “
“Tsipras said the country should demand that the concessions granted to Spain at last week’s EU summit also be applied to Greece, particularly the direct recapitalisation of banks from EU rescue funds. In Greece’s case, direct recapitalisation (sic) would cut about 50bn euros from the national debt.”
How invigorating to listen to a sane, rational, line-in-the-sand approach to the menace called the global bankster cabal .
German Spy Chief Quits over Botched Terror Probe
“The head of Germany’s domestic intelligence service, Heinz Fromm, resigned on Monday following the emergence of a series of errors in the investigation into neo-Nazi terrorists who killed 10 people and eluded authorities for over a decade.”
“Authorities including the police have had to admit that their investigations were hampered by a lack of coordination, and that they made crucial mistakes. Criticism intensified following the discovery last week that Fromm’s agency shredded files relating to the NSU.“
This follows in the footsteps of our CIA shredding incriminating evidence regarding Able Danger and 9/11 and leviathan corps like Enron employing the shredder machine. Exactly how is it a “mistake” to shred clearly important information? Do these documents just push themselves through the grinder? The public is well beyond the point of taking at face value that, “oh, it was just a series of errors.” Its time to shred all this deceit, amorality and evil intentions hidden in the caves of darkness on this planet.
Head of Fed’s Plunge Protection Team Withdraws Resignation, Will Stay As Advisor To Goldman’s Bill Dudley
“The status quo must continue at all costs. And for those wondering why Sack must stay on at all costs, we bring your attention to the following post from December 2010: “Why Does Brian Sack Interact With Goldman’s “FX Committee“?” [emphasis within article]
Federal Reserve Bank of New York: Brian Sack to Resign from New York Fed “NEW YORK—The Federal Reserve Bank of New York today announced that Brian Sack, executive vice president and head of the Markets Group, is resigning from the Bank effective September 14, 2012.”
“Mr. Sack will step down as head of the Markets Group and SOMA Manager on June 29, 2012. He will then be placed on leave until September 14, 2012, during which he will have limited contact with the Bank and no access to Bank information, including FOMC and supervisory materials.”
Getting closer and closer….
Royal Bank of Scotland in new blow as glitch hits millions
“Software problems that left customers at the bank and at RBS-owned lenders NatWest and Ulster Bank unable to pay bills, access accounts and receive wages have been fixed — but a huge backlog of unprocessed transactions remain.”
“Despite the banks’ moves, customers continued to vent their anger on social networking websites.”
” ‘ Goodbye NatWest, from a customer of 25 years’ standing,’ read one comment posted Monday on Twitter.”
Ah, “Universe” throws yet another monkey wrench into the works of the global bankster cabal, giving thousands more a really, really good reason to MOVE YOUR MONEY! Stop supporting these global thugs!
Rapanos not to take finmin job
“Rapanos, who currently heads the National Bank of Greece, said he would not be assuming the position in a letter to Prime Minister Antonis Samaras.”
” ‘I wish you a speedy recovery for your health problems,’ Samaras wrote in a letter accepting the decision.”
Mr. Rapanos, take some time to grow a vegetable garden. Does wonders for one’s stress overload. As a matter of fact, the entire G20 reps should start a community garden – and get out of the way of the people!
Greek PM and finance minister to miss key EU summit due to health problems
“The new Greek prime minister, Antonis Samaras, who underwent eye surgery on Saturday, will not attend a key summit of EU leaders this week, when Athens will seek to ease the punishing terms of its international bailout.”
“The incoming finance minister, Vassilis Rapanos, will also miss the summit having been rushed to hospital on Friday before he could be sworn in, complaining of nausea, intense abdominal pains and dizziness. He remains in hospital.”
These days, the “glamor” of power doesn’t seem so thrilling, huh?
Humpty Van Rompuy Has Fallen Off The Wall
“You may have noticed, I have certainly noticed, that Europe is living in a kind of dream world where they propose various schemes and hope that you see them as some kind of solution for their problems and so; go back to sleep. This worked initially and they keep hoping it will work again but the Sleeper has awakened and is paying attention which is why the ‘Headline Rallies’ have become so short in duration.”
He gets it! Truly gets it. Awake and aware are we, now. The people are not buying, are not investing because they are awake and aware! No matter what the G20 or poster child for the NWO Van Rompuy do, we have seen the elephant – no more supporting these global crooks. Many are now busy using their money to help rebuild from the ground up.
Sarkozy on the radar of French prosecutors
“At 12.01am on Saturday, Sarkozy’s presidential immunity, a law which protects France’s head of states from prosecution, will be officially withdrawn.”
“Sarkozy will then be at the mercy of prosecutors and judges investigating a series of scandals related to illegal party funding and kickbacks which plagued his five years in office.”
Out of office for just weeks and the wheels of justice already start turning – in France. Over here, Bush/Cheney and the we-all-know-who-they-are banksters still walk free against the backdrop of far, far worse. Justice is coming to America.
Pasok Throws A Monkey Wrench Into Coalition Discussions
“As reported in the previous post, the Greek PASOK party of former PM G-Pap may have thrown a grenade into coalition discussion, following an announcement by Katerina Diamantopoulou that Pasok will not join into a coalition government with ND unless Syriza also joins said coalition. Which Syriza stated moments ago it would not do. The question then comes whether ND can form a government (150+ seats) with any of the other remaining parties (up to and including neo-nazi New Dawn or the communists… why is there no Pirate party in Greece?). “
Any investor with even a modicum of good sense (and cents) would not touch the markets now with a 10-foot pole. I pulled mine out….and now I’m busy being happy growing a vegetable garden. To each his (and her) own, I guess.
To add to a massively building force pushing back against global cabals is this from France:
Socialists secure absolute majority in French parliament
“Prime Minister Jean-Marc Ayrault thanked voters for their “coherent choice” of a Socialist-led National Assembly in a televised speech broadcast as estimates were still trickling in. ‘Our parliamentary democracy will be restored,’ said Ayrault, adding that the ‘voice of the opposition’ would be heard.”
The outrageous editorial in Financial Times Deutschland captured broad TV and radio attention
“The outrageous editorial in Financial Times Deutschland captured broad TV and radio attention, though it did not make it into the Greek press since it was published today.”
“It advised Greeks to vote for New Democracy leader Antonis Samaras, who just happens to be German Chancellor Angela Merkel’s fellow conservative. While admitting that ND for decades had wrong-headed policies and is co-responsible for today’s misery, it declared that: “The best solution for your country is a coalition government headed by Samaras.” The editorial caused an uproar in Greece, and it seems to be pushing people closer to Tsipras. For most Greeks, it was the latest example of German gall.”
I’m sure the Greek citizens are just about over-the-top on this incessant bullying.
The Genius of Mutual Indebtedness – Nigel Farage
<img title=”pippilong12″ src=”http://mayavision2012.files.wordpress.com/2010/03/pippilong121.jpg?w=24&h=24″ alt=”" width=”24″ height=”24″ /> <img title=”Applause” src=”http://smileys.on-my-web.com/repository/Respect/respect-applause-002.gif” alt=”" width=”30″ height=”15″ />
Italy Struggles to Break Out of Downward Spiral
“[...] Italians were relatively tranquil in their reactions to the latest ‘Black Monday’ on the stock markets, when stocks fell sharply following the announcement that the Italian economy had contracted by 0.8 percent in the first quarter of 2012. They have come to expect such plunges. The focus of the euro crisis is, after Spain, shifting again to Italy. Italian share prices have plummeted, and yields on Italian government bonds jumped back over the dangerously high 6 percent mark. Stock markets insiders report that hedge funds are investing large sums of money in bets against the country, on the assumption that yields will continue to rise — and are thereby fueling the downward spiral.”
So while these “investors” do their hedging with no moral currency in their portfolios , citizens of yet another country must pay for bankster amorality by suffering greatly to serve the Masters.
IMF chief Christine Lagarde warns world risks triple crisis
“Lagarde, a right-wing former French finance minister, recently caused a storm of controversy after she accused Europeans of blocking progress to end the current financial crisis. Asked if she sympathised with Greeks impoverished by austerity measurers demanded by Brussels, she said the children of Niger were more her concern. It also emerged that Lagarde pays no tax on her $467,940 (£298,675) a year salary.“
She doesn’t even pay taxes? Okay, Mr. Tsipras, the ball is in your court.
Tsipras lashes out at Angela Merkel
“Coalition of the Radical Left (Syriza) leader Alexis Tsipras strongly criticised German chancellor Angela Merkel on her statement on Friday, that Greece must fulfill all its commitments as a condition for remaining in the eurozone, and called on Merkel to clearly state ‘what article of the European Treaties sets out the Memorandums of austerity as a condition for membership in the eurozone’.”
French Parliamentary Election Boosts Hollande
“Sunday’s results also mean that political gridlock will be averted: The left-wing president will not have to work with a right-wing prime minister, a constellation known in France as “cohabitation.” It also means that Hollande will most likely not have to rely on euroskeptic hard leftists to pass legislation — thus enabling him to stick to his guns in the mounting euro crisis.”
“Observers said that the result means that Hollande’s Socialist Party bloc will probably win the 289 seats needed for an outright majority in the 577-seat National Assembly, especially with the Greens on board.”
Here They Come: Ireland Demands Renegotiation Of Its Bailout Terms To Match Spain
“Recall that mere hours ago we asked: ‘We also wonder how will Ireland feel knowing that it has to suffer under backbreaking austerity in exchange for Troika generosity, while Spain gets away scott free.’ We now know. From the AFP: ‘Ireland wants to renegotiate its rescue plan to benefit from the same treatment as Spain, which looks set to win a bailout for its banks without any broader economic reforms in return, European sources said on Saturday.’ And with Ireland on the renegotiation train, next comes Greece. Only with Greece the wheels for a bailout overhaul are already in motion and are called a ‘vote of Syriza on June 17.’ “
…and here we go – food fight! Rotten eggs and all.
Moody’s takes multiple actions on German banks’ ratings; most outlooks now stable
“Frankfurt am Main, June 06, 2012 — Moody’s Investors Service has today taken various rating actions on seven German banks and their subsidiaries, as well as one German subsidiary of a foreign group. As a result, the long-term debt and deposit ratings for six groups and one German subsidiary of a foreign group have declined by one notch, while the ratings for one group were confirmed. Moody’s also downgraded the long-term debt and deposit ratings for several subsidiaries of these groups, by up to three notches. At the same time, the short-term ratings for three groups as well as one German subsidiary of a foreign group have been downgraded by one notch, triggered by the long-term rating downgrades. “
Is June 6th D-Day Once Again?
“The ECB meeting on June the 6th seems key to me. Markets and economies are teetering across the globe. More and more people are coming to the conclusion that a Greek Exit would be catastrophic. Central banks won’t want to act as though they are panicking, but neither will they want to wait much longer to act. The regularly scheduled ECB meeting on the 6th is an ideal date for the first salvo to be fired.”
Okay. Just before the “ring of fire” solar eclipse on 05/20/12, the Facebook IPO, looking all shiny and gleaming as it shot out the gate, was a major financial and electronic disaster almost within minutes. So, now the EU “leaders” decide to announce “action items” just as a very rare Venus (in retrograde!) transit of the sun, squaring Mars comes into view? All I can say is cover your heads when the plaster starts falling from the ceiling.
World Bank Blasts Europe’s Euro-Crisis Management
“Such sentiments about the dangers currently facing the European common currency are hardly new. But this week, concern at the highest levels appears to be slowly morphing into panic. Several senior European leaders have urged speedy action to prevent the situation in Greece and Spain from spiralling out of control — amid increasing indications that that is exactly what might be happening.“
” ‘We are seeing a perfect storm,’ Raj Badiani, an economist at IHS Global Insight, told the Financial Times.”
Oh, yeah. And this hub of global banksters deserve to watch as the boomerang of greed comes back to smack them. With the Sun/Venus/Mars action taking place on June 5-6, that “perfect storm” may clean out many hidden Gmork lairs. World citizens will take some extra heat, but it will pale by comparison to the downfall of many of the .01%, IMHO.
In test for euro zone, Ireland votes on fiscal treaty
“DUBLIN — Linked by a common currency but not a common economy, the crisis-battered euro-zone nations are facing a pivotal choice: Either move more closely together or risk their currency union breaking apart. But are European voters — some in nations divided by centuries of rivalries — willing to take that leap toward closer integration?”
“The fiercely independent Irish are about to offer a window into the answer.”
If a thug sent by your credit card company came to your home and, after analyzing your charges, demanded that you spend far less on clothing, food, and do-it-yourself supplies for your family and far more on huge purchases at major corporate outlets so they can collect more fees from you, what would you say?
Irish to ratify EU deficit-fighting treaty after ‘yes’ vote
“Referendum officials compiling unofficial results say Ireland’s voters have decided to ratify the European Union’s deficit-fighting treaty with “yes” votes reaching nearly 60 per cent.”
I was really hoping they would go the way Iceland did. Perhaps, like here in the US, they had very little, if no, access to what a success story that was.
Pensioner hangs himself in Nikaia park
“A 61-year old pensioner was found hanging from a tree on Wednesday, in the Agios Filipos park of the Nikaia area. “
“His neighbours described the pensioner – a father of two- as a hard working man. He had been employed in ship repairs and construction sites and up until recently, he had been working as an electrician on a merchant ship.”
“He was facing sizeable financial problems and it was these that pushed him over the edge.”
05/24/12 Athens News: Mother and son jump to their deaths
“A mother and son have jumped to their death from the roof of a five-floor building in an apparent suicide.”
“The son recently wrote a blog post describing his current situation:”” ‘I have been taking care of my 90 year old mother for 20 years now … Three or four years ago she was diagnosed with Alzheimer’s and recently she has been subject to schizophrenic fits and other health problems. Nursing homes don’t accept patients who are such a burden. The problem is that I was not prepared … when the economic crisis hit.’ “
Shame, shame! on the Eurocrats in power who have only succeeded in a “marked increase” in the the suicide rate in Greece.
Note found on Syntagma suicide victim
“State media has reported that the man who took his own life using a pistol on Syntagma Square, in central Athens, on Wednesday morning, left a suicide note.”
“Soon after the tragic incident, Laos head Yiorgos Karatzaferis noted in Parliament that the bullet that killed the man in Syntagma, also hit the conscience of the Greek political sphere. ‘This is not just a person that killed himself’, he said. ‘This event should make us understand that we have all been behind this, we have all pulled the trigger. What did this man see from us, before deciding to take his own life? He saw shady goings-on, he saw none of those that stole from him and the Greek people go to jail.’ ” [...]
A rare glimmer of gut truth was voiced by Mr. Karatzaferis.
Related post: Dominique Strauss-Kahn, IMF, EU, FRes and WB: The Higher We Climb…..
The President of the Bundesbank Lashes Out
“Jens Weidmann, President of the German Bundesbank and member of the ECB Council, ventured into a veritable lion’s den with an interview in Le Monde, the number one liberal daily in France whose editorial bend has been supporting President François Hollande and his ‘growth’ policies.”
” ‘Being in favor of growth is like being in favor of peace in the world,‘ Weidmann said about the raging debate of growth vs. austerity. “
So, if Mr. Weidmann is saying that favoring growth = favoring world peace, then he is silently saying he favors austerity because it equals war/conflict. With that statement alone, he sure let down his shield to expose a devious, mischievous true agenda, IMHO. These people have got to be relieved of their power – and soon.
Spain region, Greek exit warnings rattle euro zone
“”There is no organized discussion at the European level along the lines of: what do we do (if Greece leaves),” Didier Reynders, who is both Belgium’s foreign minister and deputy prime minister, told the European American Press Club in Paris. ‘Now, if central banks and companies are not preparing for the scenario, that would be a grave professional error.’ “
Expect it. They Do. No more monopoly money. Game over.
Lagarde fires broadside at Greece
“”Do you know what”, she continued in the same mood, “as far as Athens is concerned, I also think about all those people who are trying to escape tax all the time. All these people in Greece who are trying to escape tax”.
“The reporter then asked her to once again consider the less privileged, those struggling to survive with no jobs, as Greece now numbers unemployment figures well past the one million mark but Lagarde did not appear phased. “
“ ‘Yeah,’ I think of them equally. And I think they should also help themselves collectively, by all paying their tax.
“For Lagarde, at least in this interview, it was a case of Greeks finally having to pay the cost of having a “nice time” up to this point, as the reporter put it, to which the IMF chief simply answered, ‘Yeah’ “.
Until now, I was actually gaining a little respect for Ms. Lagarde – this killed it all. Ms. Lagarde, the stories I have logged with respect to who are not paying taxes are the uber rich! How dare you pound the citizens here. They did not create this mess; the IMF/FRes/WB et. al. , together with Ms. Merkel, Mr. Sarkozy and other so-called “world leaders” threw this world and its citizens into complete crisis for the own personal greed, avarice, narcissism and megalomanical behavior.
“The Washington Post mentioned the Friday 18th temporary arrests, but made no reference to the integrity of the German policemen who peacefully escorted the Blockupy protesters. As a result of their actions, no violence and no arrests took place on Saturday. This is a great example that without undercover agents provocateurs and policemen breaking the constitutional right of public manifestation, the protesters are in fact acting peaceful and civilized.”
“The German police gave an example of morality, integrity and democracy. Some may not realize it, but this is a major step towards the decline of the banking elite and mankind’s enslavement.
If this is an accurate story, what a beautiful thing to behold.
That these beautiful people are marching in the thousands in a country not directly suffering austerity, to support and defend the rights of those in other countries, shows that the Awakening is kicking into high gear. A reminder – when our governments talk about protecting “National Security”, they are NOT talking about you and me – they are talking about the protection of international corporate/bankster thugs and their psychopathically driven, megalomaniacal narcissism .
Poll shows Syriza in ballot lead
“The Public Issue/Skai TV poll showed Syriza leading with 30 percent of the vote, four points ahead of the New Democracy party, which is backing the bailout. In a previous survey by the same pollster on May 19, Syriza was leading with 28 percent to New Democracy’s 24 percent.”
Zero Hedge: Nigel Farage On Europe’s Economic Suicide “Dismissing the propaganda-like vision of growth and jobs that is now at the forefront of any and every word from the status-quo seekers that are the European Elite, England’s Nigel Farage notes the hypocrisy of the forthcoming summit’s agenda.”
Van Rompuy should be sitting in the ICC hotseat. Mr. Farage has consistently called a spade a SPADE and it’s true, the Emperor has NO clothes!
Strauss-Kahn gang rape investigation launched
“French prosecutors on Monday opened a preliminary investigation into allegations that former IMF chief Dominique Strauss-Kahn (pictured) took part in a gang rape in Washington in 2010. He has already been charged in northern France for ‘pimping’.”
And this man ran the IMF, making decisions that have destroyed the lives of citizens in “country-of-the-week” gang pillaging.
New French govt agrees 30% pay cut for president, ministers
“France’s new Socialist government agreed a 30% salary cut for the president and for members of the cabinet at its first meeting on Thursday. ‘It’s setting an example,’ Prime Minister Jean-Marc Ayrault said in a televised interview Wednesday. “
Market News: “BRUSSELS (MNI) – The European Commission is not working on any contingency plans should Greece leave the Eurozone, a spokesperson for the Commission said on Friday.”
” “We completely deny that we are working on any such emergency plans‘ the spokesperson told MNI.”
Yep, I do believe that the Universe has stopped holding its breath and is beginning to exhale. Universe is just too bloated with lies from the Global Banksters and is about to unleash its fury, IMHO.
Alexis Tsipras: Austerity Will Send Greece (and Europe) ‘Directly To Hell’
” ‘We want to change the austerity measures in Greece, also in Europe,’ Tsipras told Christiane Amanpour. ‘We want to do this with the incorporation of other forces and people of Europe, the people who want a big change. Because everybody now understands that with this policy we are going directly to the hell. And we want to change this way.’ “
From my perspectives, the greatest fear of the Global Banksters/EU dictators is that if Greece does exit, they will prove to be so resourceful that they will bounce back into production and soon find that they are back on their feet. If THAT occurs, Portugal, Ireland, Italy, and Spain will be looking to do just the same. I wrote a little essay a year ago about this: On Surviving the Rancid Fruits of Madness of Unbridled Economic Colonization
Der Spiegel calls for Greece exit from the euro
“In a sign Germany is coming to terms with a possible Greek departure, senior players in both business and political communities said this week the euro zone could survive without Greece because the bloc is now more resilient to shocks.”
“Many European countries seem to be coming to terms with the possibility of a Greek exit. Austrian Chancellor Werner Faymann was quoted as saying he also did not wish for a Greek exit but “in theory, a lot is imaginable”. (Reuters)”
Merkel’s party suffers heavy losses in state election
“REUTERS - Chancellor Angela Merkel’s conservatives suffered a crushing defeat on Sunday in an election in Germany’s most populous state, a result which could embolden the left opposition to step up its criticism of her European austerity policies.”
“The blow comes only two days before France’s new president, Socialist Francois Hollande, is due to visit Berlin and press Merkel for a shift away from austerity and more emphasis on growth-oriented measures in Europe.”
It’s time for megalomaniacal global oligarchs to give up the ghost of Empire. The only path left open for them is to start eating their own. The rest of the world is ready to move on.
05/06/12 Spiegel: Merkel’s Party Suffers Setback in Regional Election
“German Chancellor Angela Merkel’s party suffered a setback in an election in the northern state of Schleswig-Holstein, where voters punished the current center-right coalition government by voting it out of office. “
“The party’s troubles have prompted speculation about the stability of Merkel’s government, and may force her to seek a new, stronger, coalition partner after the next general election scheduled for 2013. The Schleswig-Holstein result is also likely to boost the FDP’s campaign in the far larger and more important state of North Rhine-Westphalia, which will hold an election on Sunday, May 13.”
The New American:
Congress Debates the Federal Reserve: Reform or Abolish?
“The subcommittee hearing, entitled ‘The Federal Reserve System: Mend It or End It?’, examined a range of different proposals to reform the nation’s monetary system — it was supposed to look at six different options emanating from both parties. One of the measures on the agenda was Congressman Paul’s own ‘Federal Reserve Board Abolition Act,’” legislation to dismantle the central bank and restore sound money based on market principles. “
“Several experts who testified before the subcommittee agreed with Paul’s proposals. And while efforts to reform the central bank have persisted for a century, in the wake of the economic crisis — which saw the Fed shower trillions of dollars on domestic and foreign banks — popular outrage has forced the controversy back into the spotlight. “
That it is now being discussed in open hearings is a sign that the Banksters have been taken down a notch or two. Tell the FRes to packs its bags and close the Global Shop of Avarice.
At least 100,000 march in Spain over austerity
“MADRID — At least 100,000 Spaniards angered by grim economic prospects and the political handling of the international financial crisis turned out for street demonstrations in the country’s cities Saturday, marking the one-year anniversary of a movement that inspired similar pressure groups in other countries.”
Spain takes over Bankia to steady ailing sector
“The sector has been through three major overhauls since a building and property market crash in 2008, which left lenders with what is now about 184 billion euros ($238 billion) in toxic assets including repossessed housing complexes that stand empty.”
“Holding 10 percent of deposits in Spain’s banking system, Bankia is by far the largest of eight banks that the government has rescued in recent years. It was formed in 2010 when the government forced a number of savings banks into a merger to try to save them.”
New Documents Shine Light on Euro Birth Defects
“In response to a request by SPIEGEL, the German government has, for the first time, released hundreds of pages of documents from 1994 to 1998 on the introduction of the euro and the inclusion of Italy in the euro zone. They include reports from the German embassy in Rome, internal government memos and letters, and hand-written minutes of the chancellor’s meetings.”
“The documents prove what was only assumed until now: Italy should never have been accepted into the common currency zone. The decision to invite Rome to join was based almost exclusively on political considerations at the expense of economic criteria. It also created a precedent for a much bigger mistake two years later, namely Greece’s acceptance into the euro zone.”
Angry Greeks reject bailout, risk euro exit
“Greek voters enraged by economic hardship caused by the terms of an international bailout turned on ruling parties in an election on Sunday, putting the country’s future in the euro zone at risk and threatening to revive Europe’s debt crisis.”
It appears that the current “government leaders” (Oligarchies) of Greece, Germany, and France are going to pay heavily for the pillaging they have done – so, so arrogantly.
Hollande Defeats Sarkozy in Shift of Power to Socialists
“Francois Hollande defeated French President Nicolas Sarkozy as voters handed control of the second-biggest European economy to the Socialists for the first time in 17 years.”
“The 57-year-old Hollande got about 52 percent against about 48 percent for Sarkozy, according to estimates by four pollsters. The campaign isn’t over. France elects its lower house of parliament in five weeks, prompting calls from backers of both candidates to keep fighting.”
Judge: Maid’s NY Suit Vs Strauss-Kahn Can Proceed
“A hotel maid’s sexual assault lawsuit against Dominique Strauss-Kahn can go forward to trial, a judge ruled Tuesday, rebuffing the former International Monetary Fund leader’s diplomatic-immunity claim.”
“Strauss-Kahn argued that he was immune from the lawsuit because of his former IMF job. Invoking an American sports metaphor to strike down Strauss-Kahn’s argument, McKeon noted that the lending agency’s own rules limit its official’s immunity to things they do in their official capacities, and that Strauss-Kahn had resigned his post by the time he was sued.”
Anti-austerity anger sweeps Europe on May Day
“From the eye of the eurozone debt storm in Madrid to the streets of Paris and Athens, where tottering governments face elections within days, marchers spoke of job losses, spending cuts and hard times.”
“More than two years after the eurozone sovereign debt crisis erupted, frustration with austerity is boiling over across the continent as voters wait in vain for signs of the economic pay-off.”
Never underestimate the power of a People scorned!
Romanian govt falls in no-confidence vote
“Thousands of people have protested in both countries in recent months, calling for their governments to abandon the belt-tightening measures and resign in some of the biggest rallies seen since the overthrow of communism in 1989.”
“In Bucharest, some 235 lawmakers voted against Prime Minister Mihai Razvan Ungureanu, four more votes than needed. Romania’s national currency, the leu, fell close to an all-time low on the news.”
S&P cuts Spain ratings two notches to BBB-plus
“The ratings agency put a negative outlook on the credit and said it believes the government will also have to provide more financial support for the euro zone nation’s banking sector.”
Actually, the “rating” of certain global bankster cabalists (IMF, WB, FRes, et. al) should be cut from “Free Range” to “ICC Prisoner.”
Spanish Royalty in Crisis after King’s Antics
“The photos of the big game hunter on cover pages, holding his gun as he stood in front of a gray corpse and an ivory hunting trophy, even annoyed Spain’s royalists. He was on a luxury safari (at an estimated cost of more than €40,000, or $52,000) at precisely a time when the financial markets are demanding higher and higher risk premiums on Spanish government bonds. It’s also a time at which conservative Prime Minister Mariano Rajoy feels compelled to beef up his €27 billion austerity package with another €10 billion in budget cuts to education and healthcare. To make matters worse, the Spanish oil company Repsol is effectively being expropriated in Argentina. In other words, while their head of state was enjoying himself in Africa, his subjects were experiencing one of the worst weeks of the year.”
Really, Kings and royalty should have been relegated to fairy-tale books and clichés by now. Such a concept is soooo not fashionable with Awakened 21st Century humanity.
Dutch Government Resigns Over Budget Crisis
“The government information service announced Queen Beatrix had accepted the resignation of Prime Minister Mark Rutte and his Cabinet after a meeting in which Rutte told her talks on a new austerity package had failed over the weekend.”
Chomp, chomp, chomp.
04/23/12 Radio Netherlands Worldwide: Dutch government on brink of collapse
“Geert Wilders has withdrawn his party’s support for the Dutch coalition government and has called for new elections. Prime Minister Mark Rutte says new elections are now very likely. “
“Mr Wilders argues that the total package on the table at the Catshuis would have caused his supporters too much pain, particularly those living on retirement benefits. ‘We don’t want our pensioners to bleed just to meet the dictates coming from Brussels. Today, I can look my electorate directly in the eye and say we didn’t cave in to the bureaucrats in Brussels.’ “
Well, it was the Dutch explorer Henry Hudson who discovered what would be come New York, the Capital of Financial Greed. Brendan Gill, Writer: “New York City was founded by the Dutch! The Dutch didn’t give a damn about anything except making money – and the more money you made, the closer you were to God.” Thus, the U.S. has the most dysfunctional, megalomaniacal financial society on earth today.
IMF chief seeks fresh funds for poor countries
“Lagarde urged wealthy countries, which made a profit from the IMF’s sale of 403.3 metric tons (444.56 tons) of gold last year, to reinvest the windfalls into the PRGT.”
“We need more money in that trust if we want to finance concessional loans for the low-income countries,” she said after talks in Washington with African finance chiefs.”
Umm…quite a sign that TPTW have been told in no uncertain terms that the IMF/WB better clean up its act and stop stealing that money for “the rich countries” and their elite thugs.
Tsochadzopoulos taken to Korydallos prison
“Former Pasok minister Akis Tsohadzopoulos was remanded in custody pending trial at Korydallos prison on Tuesday, on foot of an order issued the previous by an examining magistrate and prosecutor order that he be remanded in custody pending trial.”
“As Kathimerini reports, former PASOK defense minister Akis Tsochatzopoulos has had one of his properties in central Athens seized, the same he is alleged not to have declared to avoid paying taxes. Yep – one of the top Greek political figures caught in tax evasion.”
“And one thought such travesties only occur in the US. But wait there is more: this is the same defense minister whom the Greek Parliament voted in favor of indicting in connection with taking bribes for the purchase of submarines. “
Ah, now we begin to spot the tip of the iceberg and exactly where it arises—from the top echelons of Greek government [and elements of governance around the world]…and this is precisely why Greek citizens are suffering horrendously. Look UP, not down.
Tax Deal Rewards Germans with Swiss Bank Accounts
“Under the plan, German holders of offshore accounts in Switzerland are able to absolve themselves of all guilt by making a moderate partial payment. The Swiss bank issues its customer a confirmation and transfers the funds to the German treasury, and the tax evader remains anonymous. And should he ever receive a visit from German tax investigators in the future, all he has to do is present the confirmation from his bank — and he’s off the hook. “
“The government’s political credibility is on the line. Chancellor Angela Merkel is determined to avoid a fairness debate. And her coalition partner, the business-friendly Free Democratic Party (FDP), which faced a PR disaster after the hotel tax was lowered from 19 to 7 percent, is being careful not to be seen as the party for high earners.”
Ms. Merkel and the entire EU/global financial-terrorist cabal don’t appear to realize they are teetering at the very edge of a vat of quicksand because they are too busy looking over their collective shoulder at the Truth coming after them.
“The new allegations are based on a case that made headlines in Germany and internationally in 2010. In February of that year, Peter B.’s team bought a CD containing data about German clients of Credit Suisse for €2.5 million ($3.3 million). The seller was a 42-year-old Austrian man called Wolfgang U., who lived in Switzerland. Wolfgang U. acted as a middleman for the former Credit Suisse employee who stole the data. “
Beginning to see action higher up the food chain now.
How and Why Germany Can Leave the Euro If It Has To
“This is the mother of all bombshells in Europe and no one is talking about it. Germany basically announced that it will allow German banks to DUMP euro-zone government bonds off their balance sheets. It also announced it will provide up to 400 billion euros in backstops and 80 billion euros for bank recapitalization.” [italics by me - black bold embedded in article]
Trench Warfare in Frankfurt – Conflict Erupts as Deutsche Bank Charts Its Future
“Three men are fighting for their reputations at Germany’s largest lender. Jain is determined to avoid being branded as a cold-hearted gambler. Future co-CEO Fitschen is fighting against being labeled a figurehead. Finally, Ackermann is desperate to defend his reputation as a major banker who steadily guided Deutsche Bank through the financial crisis and, as a savior of the financial system, negotiated with the world’s most important players.”
There’s “trouble in River City”, eh…
Special report: A Greek banker’s secret property deals
“Michalis Sallas, executive chairman of Piraeus Bank, Greece‘s fourth largest, and Sophia Staikou are a Greek power couple, symbols of the fast-growth years after the country joined the euro in 2001.”
“But an investigation of public documents, including financial statements and property records, shows the couple may also be emblematic of the lack of transparency and weak corporate governance that have fueled Greece’s financial problems.”
Vaso Papandreou to be second high profile Pasok “casualty” of coming elections
“Papandreou, an economist, further warned that the Memorandum and the economic policy being followed cannot bring Greece out of the crisis, while she also severely criticised the preceding Pasok government under George Papandreou, saying ‘we are not talking about mistakes, but about crimes‘, although adding that George Papandreou had ‘good intentions but produced catastrophic results’.”
Between the flurry of lies and deceit, a little more Truth trickles through.
Merkel Braces for Possible Sarkozy Election Defeat
“Angela Merkel initially refused to receive French presidential candidate François Hollande when he offered a meeting recently. But as his victory against Nicolas Sarkozy seems more likely, the German Chancellery has made its first contacts with the Socialist Party politician’s camp. After all, Berlin and Paris must stick together. “
Banks continue to bleed deposits: ECB
“Firms and consumers continued to pull their money out of Greek banks at a rapid rate in February, European Central Bank data showed on Wednesday, underscoring the lack of trust the country’s banking system faces.”
“The 24-hour general strike comes a day before government ministers are set to adopt a new austerity budget to meet strict guidelines set by eurozone leaders.”
[Center for European Reform chief economist Simon Tilford]: ” ‘What’s worrying about what we are seeing is that very little seems to have been learned from what happened in Greece and Ireland and Portugal,’ he said. ‘They are applying the same strategy to Spain. Now the big risk for the eurozone is that Spain is twice as big as those three economies combined. So if Spain gets into similar difficulties, it won’t just be a tragedy for the Spanish people, but it will also pose an existential threat to the euro.’ “
The day will come – and soon – when we see these major global banksters who have ravaged and pillaged the eurozone countries in cuffs. Don’t be surprised if an arrest or two comes just as one of them is giving another arrogant speech or in lounging a back room divvying up the spoils of the plebs.
DSK get preliminary charges in prostitution probe
“The French charges come two days before a New York court takes up a civil case in which a hotel maid accuses Strauss-Kahn of sexually assaulting her.”
“Lawyer Richard Malka told reporters afterward that Strauss-Kahn was given preliminary charges of ‘aggravated procurement in an organized gang.’ “
One-two punch today for DSK.
Hearing to test Strauss-Kahn’s claims of ‘diplomatic immunity’
“AP – After criminal sexual assault charges against Dominique Strauss-Kahn dissolved last year due to prosecutors’ doubts about his accuser’s reliability, she vowed to get her day in another court.”
“…Wednesday’s hearing is likely to revolve around the complex laws that shield diplomats from prosecution and lawsuits in their host countries. And Strauss-Kahn’s arguments are raising some novel questions about the scope of those laws, experts say.”
Hiding behind ‘diplomatic immunity’ in such a case is cowardly and shameful, IMHO.
CME Clearing Europe Vacates Registration as Derivatives Clearing Organization Prior to Greek CDS Payouts
“CME Clearing Europe has vacated its registration as a derivatives clearing organization, less than a week before the March 19th Greek debt auction, after which CDS payouts will be required.”
“So it appears that the CME is scared s***less of the possibility of an imminent $50 trillion credit default swap seize up/ conflagration once the Greek CDS payouts begin after the March 19th Greek debt auction. There is simply no other explanation for the CME to voluntarily request to vacate its registration as a derivatives clearing organization! ” [link added by me]
Here is a very interesting interpretation of this “voluntary request” by CME from Daven (moniker: “Da Asian Brutha at DivCos:
“This one’s big. Incredibly big.
I would rate this one as way up there with the news of China’s over 100 billion dollar dump of US Treasuries last quarter. Actually, I’d rate it a lot higher.
Now, why do I rank this as higher than China’s Treasury dump, which of course is the Check Mate move? Imagine you’re in a Casino on the Atlantic City Boardwalk. Now, when you go to the Casinos to gamble, it’s a contract between you and the counterparty. The function of the Casino is to act as a clearing house. Any transaction has to go through the Casino. And just like a Casino, CME Clearing Europe was a CLEARING HOUSE for all derivatives transactions that occured in Europe. http://www.cmeclearingeurope.com/. Not surprisingly, they’re based out of London. “
[Read his comments on this story in its entirety HERE ]
Deutsche Boerse to sue EU over blocked NYSE merger
“Deutsche Boerse AG said it considers the decision by the European Commission to block the deal to be “faulty” on several aspects and will take its complaint to a European court in Luxembourg. It did not specify what aspects of the Commission’s ruling it was objecting to.”
“A spokesman for the Commission said Tuesday that the regulator stood by its decision and would defend it in court. ‘It was the right decision because this merger, if it had taken place, would have created a monopoly on a global market,’ said Antoine Colombani. ‘And this would have harmed the thousands of companies which use these products (derivatives) to hedge their risks.’ ” [emphasis mine]
And that’s the truth…plghhhhh.
EU Blocks Merger of NYSE and Deutsche Börse
“The Commission, the EU’s executive body which is also responsible for regulating competition within the bloc, argued that the combined company would have had too much power over trading in European derivatives, the term for financial instruments based on the value of an underlying asset, such as futures contracts and swaps.”
” ‘The merger between Deutsche Börse and NYSE Euronext would have led to a near-monopoly in European financial derivatives worldwide,’ said EU Competition Commissioner Joaquin Almunia Wednesday in a statement. ‘We tried to find a solution, but the remedies offered fell far short of resolving the concerns.’ “
EU leaning to block NYSE-Deutsche Boerse merger
“NYSE Euronext and Deutsche Boerse say the merger would strengthen mainland Europe as a financial center and cut costs for banks and other financial firms that would use the combined exchange.”
“Opponents of the deal, such as the Nasdaq OMX market and the parent company of the London Stock Exchange, will seek to convince commissioners that it could destroy other companies trying to move into derivatives trading.”
One gets the sense that global banksters are so desperate as to just make things up as they go. Of course, that’s the nature of addiction of narcissistic power mongers.
Merkel Annoyed at Sarkozy’s Campaign U-Turn
“Last Wednesday, he made his change in campaign strategy public when he said in a radio interview: ‘The election campaign is a matter for the French people.’ “
“By then, Merkel had already heard he was turning down her help, and she complained to confidants about the Frenchman’s erratic behavior. A few days later, she took Sarkozy aside during the EU summit in Brussels at the beginning of March and asked him what was going on. He agreed to hold at least one joint appearance with her.”
At this rate, global politicians will go down by their own erratic campaign rhetoric. Its like beating a dead horse to me. Our republican candidates in the U.S. already seem to be leading the way to self-destruction. More chomp, chomp, chomp.
Merkel Forges Anti-Hollande Alliance in Europe
“German Foreign Minister Guido Westerwelle of the business-friendly Free Democrats, Merkel’s junior coalition partner, is critical of Merkel’s position. Officials close to him told SPIEGEL ONLINE that French-German relations could be damaged by giving the impression of any boycott against Hollande. Even though the German government disagrees with Hollande on a range of issues, it must make clear that Berlin would work with whoever was elected as French president, the officials said.”
“Westerwelle has been eying Merkel’s interference in the French campaign with mounting suspicion. After Merkel gave a joint television interview with Sarkozy last month, Westerwelle had said: ‘The German government isn’t a contender in the French election campaign.’ “
Bravo, Mr. Westerwelle. This “shunning” is the height of arrogance at best; fear of exposure of Truth as well with a French “opposition” candidate likely. How do the German citizens feel about Ms. Merkel spending so much time trying to bend other countries to her will? Many Americans are just as outraged that Israel seems to have a choke hold on American politics. 2012 is the year to send them all back to their dark corners for a “breather.”
Parties – and pirates – spring up ahead of election
“Rebel MPs and angry citizens have formed four new parties this week alone, riding a wave of frustration at decades of political cronyism and mismanagement that has plunged Greece into a debt crisis and its deepest recession since the Second World War.”
“Playing on anti-German feeling which is riding high among Greeks who blame Berlin for their job losses and wage cuts, Kammenos launched his party in Distomo, central Greece, where the dozens of villagers were massacred by German troops in the Second World War. ‘”We beat them (the Germans) in the war. We’ll beat them again in the Fourth Reich they are trying to impose,’ he said.
They will not forgive and will never forget. Expect them.
Two ministry officials remanded on bribery charges: “Liakos was arrested as he was accepting a bag containing 120,000 euro in pre-marked notes from the businessman making the accusations against him.”
“The second man charged in connection with the case, Constantinos Kazazakis, denied all knowledge or involvement in the process of approving the application.”
“The two are accused of blackmailing a businessman into paying them generous bribes in order to expedite the process of releasing state subsidised investment funds for his hotel unit.”
Spain deficit decision sparks Austria appeal
” ‘Yesterday’s decision shows that the Eurozone is increasingly being torn between the strict-austerity-and-rules-based approach and a more growth-oriented approach,’ Carsten Brzeski, an economist at ING in Brussels, said in a note.”
Cyprus gets junk rating
“The island nation has already lost access to international debt markets, and is being kept afloat this year thanks to a €2.5 billion bilateral loan from Russia.”
“It is the second ratings agency to cut Cyprus to junk, after Standard and Poor’s, which has Cyprus at BB+.Fitch rates Cyprus BBB-, one notch above junk.”
Trade unions organize mass rallies against labour law reforms
“Hundreds of thousands of people in 60 cities across Spain took part Sunday in demonstrations called by the country’s
main trade unions to protest the government’s tough new labor reforms and cutbacks.”
“Ignacio Fernandez Toxo of Workers Commission said the austerity package was so heavily tilted in favor of businesses that it made working conditions in Spain resemble those that existed under the dictatorship of Gen. Francisco Franco, who ruled from 1939-1975.”
The population did not cause this crisis—global banksters and political fascists did. They are pushing 99% of the of the population this planet over the edge with this dangerous, psychopathic game they play with ultimately billions of lives.
Greece Has Defaulted: Here Is Where We Stand
“After reading this, everyone should have a fairly good grasp of what happened not only today, but ever since the great (and quite endless) European financial crisis took center stage, and what to look forward to next…” read on...
Sarkozy to quit politics if he loses re-election bid
“REUTERS – French President Nicolas Sarkozy said on Thursday he would fight with everything he has to win a second term but will bow out of politics if he loses an April-May election.”
“Sarkozy, who is badly lagging Socialist challenger Francois Hollande in opinion polls six weeks before the first round of voting, said Hollande’s lack of ministerial or international experience was a problem at a time of economic turmoil.”
And just WHO started the ball rolling toward this global economic turmoil and WHO subsequently contributed to a complete economic disaster in their panic to limit the damage? The Fed Reserve/JPMorgan/GoldmanSachs/BofA/Citigroup and Merkel/Sarkozy/IMF/WBl technocrats, respectively. Our governments need fresh faces and fresh perspectives on the issues facing our globe-leaders not tainted by the corruption and greed that started all this in the first place.
Statistics chief quizzed on deficit revision
“[Andreas] Georgiou insisted that he had reformed the agency and accused other board members of undermining his authority. He did not…deny emailing to troika chief Poul Thomsen to request the latter’s help in changing the laws governing the authority so as to strengthen his authority.”
“The parliamentary committee also called Georgiou’s predecessor, Manolis Kontopyrakis, to testify but the latter did not appear, claiming reasons of poor health. The head of the committee, Christos Protopapas, advised Kontopyrakis’ lawyer that his client’s must come forward to testify, by force if necessary, since he was a key witness in the case.”
01/23/12 Athens News: Cracks in Pasok, government
“Crisis conditions have arisen in the Papademos government, during critical consultations on the PSI, as well as in the Pasok ranks, due to Peponis’ decision to forward to parliament the Greek Statistical Authority (Elstat) case in order to investigate possible criminal responsibility of George Papandreou and Yiorgos Papakonstantinou.”
“According to former Elstat executive Zoi Georganta’s accusations, in November 2010 the agency revised the deficit to 15.4% from 12% that it actually was in order to take further unfavourable economic measures.”
Pumping up the volume on politicoeconomic infighting. Chomp, chomp, chomp….
Euro-Zone Central Bank System Massively Imbalanced
“The crucial clue came from the same man whose signature once adorned the deutsche mark: Helmut Schlesinger, former president of Germany’s central bank, the Bundesbank. He was the one who pointed Hans-Werner Sinn, an economist in Munich, in the direction of a strange entry in the Bundesbank’s statistics: In late 2010, records showed claims on other euro-zone central banks totaling over €300 billion ($400 billion). Curious, Sinn began to dig deeper. What he found exceeded his worst expectations. “
” ‘This is dangerous,’ Sinn says, his eyes flashing. These outstanding balances owed by other central banks open Germany up to blackmail, he explains. ‘Now everyone knows we have to save the euro, at almost any cost.’ “
What a tangled web we weave….
Suspected antiquities smugglers to testify
“After legally tapping the man’s phone, police uncovered suspicious discussions in which the 68-year-old was seeking to sell ancient artefacts (sic). In the course of the investigation, a 66-year-old man was arrested along with 44 other suspects, ranging in ages from 25-74 – including pensioners, municipal employees and professionals.”
“The 66-year-old suspected mastermind is a retired customs broker from Gerakarou, Thessaloniki. The artefacts were brought to the 66-year-old who assessed their value and channelled (sic) them to private collectors or auction houses in the US, Britain, Switzerland, Germany and Bulgaria.”
If they ever release the actual names of the “private collectors”, I suspect they will have very well-known, bankster names behind them (I’m thinking within the BIS, FedRes, et. al).
Robbery at Olympia; minister tenders resignation
“Police are on the hunt for two thieves who carried out an armed robbery of archaeological artefacts at Ancient Olympia, birthplace of the Olympic Games, on Friday morning.”
“It is believed that the thieves fled with some 65-68 ancient copper and clay artefacts and a gold ring. “
So, perhaps the “global investors” are this desperate now? Yep. Our global financial terrorism is so widespread, one cannot help but be jaded with such suspicion these days.
Moody’s downgrades Greece yet again
“Moody’s lowered Greece’s local and foreign-currency bond ratings a notch to C from Ca, becoming the third credit rating agency to downgrade the country following the announcement of the swap deal to lighten its debt burden.”
“Moody’s says that bonds rated C ‘are the lowest rated class and are typically in default, with little prospect for recovery of principal or interest.’ The rating agency added that it did not assign any future outlook.”
[...] “As AP reports, ‘Several hundred angry protesters have booed President Nicolas Sarkozy, forcing him to take refuge in a cafe protected by riot police as he campaigned in France’s southwest Basque country.’ It appears that the European discontent is finally seeping rather aggressively into the core, and the political overhaul which many assume will take the Greek model of bloodless technocratic coups by banker appointed puppets may just not work too well elsewhere. In other news, the French now surrender to the French.” [emphasis embedded in article except italics, by me]
German Court Grants Parliament More Say in Bailouts
“[...] It decided that the nine-member panel of lawmakers set up to approve urgent action by the euro rescue fund was ‘in large part’ unconstitutional and would need to be enlarged.”
“The court suspended the panel at the end of October pending its ruling after two parliamentarians from the opposition Social Democrats had filed a complaint, arguing that parliamentary powers were being undermined. The German constitution guarantees parliamentary oversight of the country’s budget. Given the amounts of money necessary in bailing out stricken euro-zone countries, the court was concerned that the oversight guarantee was being ignored.”
Smart and just.
S&P downgrades Greece to selective default
“Standard & Poor’s on Monday cut Greece’s long-term ratings to ‘selective default’, the second ratings agency to proceed with a widely expected downgrade after the country announced a bond swap plan to lighten its debt burden.”
“The agency defines its ‘selective default’ status as one where the obligor has selectively defaulted on a specific issue or class of obligations but will continue to meet payment obligations on other issues or classes in a timely manner.”
Two Year Reminder For The Fed: How Is That Investigation Into Goldman’s Greek Currency Swaps Going?
“Goldman Sachs spokesman Michael DuVally declined to comment on the Fed’s probe.’As a matter of policy we don’t comment on legal or regulatory matters,‘ DuVally said. Goldman Sachs had defended the transactions in a statement posted on its Website Sunday. The firm said they had a ‘minimal effect’ on Greece’s overall fiscal situation.” Maybe, just maybe it is time, two years later, for the world to hear something, anything, from the Fed as to what its seemingly quite extensive investigation into Goldman’s has yielded. “
No. 1: It’s about time we insist that this policy of “we don’t comment on legal or regulatory matters” gets thrown from the dark cave so the flashlight of Truth can shine. No 2: Marginalize and then End the Fed.
German minister first in govt call for Greece euro exit
“Hans-Peter Friedrich, a leader of the conservative Christian Social Union (CSU) that is the sister part of Merkel’s Christian Democrats (CDU), told Der Spiegel news magazine Greece’s chances of restoring its fiscal health would be greater outside the euro.”
Independent MP announces new party
“According to the founding declaration presented by Kammenos, the new party demands abolition of the memorandum and refuses to accept the what it says is an illicit debt created by loansharking interest rates.
He added that the party comes in response to attacks by what he called the ‘new order’ that is behind memorandums, national degradation and “violent economic attacks on the Greek family”.
“It also calls for theabolition of every form of immunity enjoyed by officials, MPs and ministers and demands the payment of the German war reparations and the occupation loans.”
Hungary faces loss of aid for breaking EU budget rules
“The European commission has flexed its new fiscal surveillance muscles by proposing to suspend almost €500m (£421m) in structural aid to Hungary for persistently breaching budget deficit rules.”
“Budapest says it managed to get below the 3% ceiling last year but Rehn dismissed this as due to one-off factors – without which the deficit would be closer to 10%. ‘It is now for the Hungarian government to act before the suspension (of €495m from the EU cohesion fund) takes effect.’ “
Why ANY country would want to join the EU and its Gestapo-like fiscal bullying is totally beyond me. Countries and their diverse cultures are the most important component of life on this planet. Bullying the world by forcing these countries to march to the same drummer is insane. The PEOPLE have the power to sustain if they cultivate unity and creativity.
BTW, could the fact that Hungary bans Momsanto/GMO seeds have anything to do with implementing this “surveillance muscle.”
Parliament approves statistics probe
“In September, two former Hellenic Statistical Authority (Elstat) officials accused its chief, Andreas Georgiou, of inflating the public deficit data under pressure from the then Papandreou government, which was seeking to justify harsh new austerity measures.”
” ‘Establishing a commission of inquiry is an act of responsibility by parliament, which has a moral obligation towards the political system itself and the public,’ former finance minister Yiorgos Papakonstantinou said. ‘This issue must be cleared up now with a thorough investigation.’ “
‘The FDP Awakens from Its Coma’
“The decision to select Joachim Gauck as the official candidate to become German president on Sunday only happened after a major dispute between Philipp Rösler, the head of the Free Democratic Party, and Chancellor Angela Merkel. Rösler won the battle, but the fallout is expected to be major in the coalition government, German editorialists argue. “
“Depending on where they fall on the political scale, editorialists at leading German newspapers on Tuesday universally argue that Rösler’s move was as brave as it was calculated, and will possibly even breathe new life into a party that for months now has appeared to be moribund. But many also warn it will further strain a volatile coalition government that has had serious trouble finding its way and just getting along. “
In the 21st century, politically charged power trips are so, well… gauche.
“He has been summoned for questioning on Tuesday in connection with a police probe into the organisation of sex parties in restaurants and swingers’ clubs in Paris, Washington, Madrid, Vienna and Ghent, Belgium.”
“Strauss-Kahn could face charges if magistrates deem he was aware the women who took part were prostitutes and the funds to pay them were fraudulently obtained, as is being alleged against other suspects, the source said.”
Why am I not surprised?
Theodorakis’ call to arms
“When parliament debated the EU-IMF bailout memorandum on February 12, Mikis Theodorakis and Manolis Glezos, famed for their resistance during the German occupation and the Greek junta, were looking on in the chamber. The two octogenarians and former MPs had just suffered a police teargas attack in Syntagma Square. They are among the most prominent crusaders against the unprecedented austerity dictated by Greece’s creditors.”
“In a recent open letter to the international community, entitled “The Truth about Greece”, composer Mikis Theodorakis points to a nexus of military industrial interests – from Germany and France to the US – which profited from Greece’s excessive borrowing for decades.”
World Bank President Leaving
“WASHINGTON (AP) — World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization.”
“White House spokesman Jay Carney said he did not know if President Barack Obama had spoken with Zoellick and had no information on possible successors. ‘There has been much speculation but I’m not going to confirm any of it,’ Carney said.”
This important news definitely could be signaling a “changing of the guard”, posited in the Financial Tyranny investigation.
Analysis: country heads for record books as economy slumps
“Comparing crises is like comparing apples and oranges. Every country is different, economically and politically. However, Greece stands out in one important respect: its downturn has already lasted twice as long as the average crisis and yet there is no end in sight, according to Mark Weisbrot, co-director of the Centre for Economic and Policy Research, a think tank in Washington.”
“But Weisbrot believes Greece’s plight is now so serious it should take the risk and abandon the euro. ‘My prediction is that if Greece left they would do quite well, just like Argentina. They would have a brief crisis and would come out of it and grow very rapidly,’ he said.”
It seems to me as well that the IMF/BIS/WB/Germany are rapidly building a deep, aggressive, abiding resentment not only from Greek citizens, but from around the world. If these global banksters continue their financial terrorism and don’t let go of the vice-grip they are frantically wielding in its name, the blow-back down the road will be doubly viscous. The chaos there has already started. Greece should leave the Zone because at least, they can move through the chaos much more quickly and regain their dignity and strength by their own hand–-instead of helping German Foreign Minister Guido Westerwelle with his wet dream of a “European Germany“.
Moody’s Delivers Damning Verdict on Euro Zone
“The markets may have been unusually upbeat about the euro zone in recent weeks, but the ratings agencies clearly remain unconvinced that Europe can get its debt crisis under control.”
“Among the countries downgraded were Italy, Portugal, Spain, Slovakia, Slovenia and Malta. Italy and Spain saw their rating drop from A2 to A3, Slovakia and Slovenia were downgraded from A1 to A2, Spain from A1 to A3 and Portugal from Ba2 to Ba3. The outlook for all six countries was put as “negative,” a sign that Moody’s sees a good chance that the ratings will be cut again in the coming 18 months. [...] “
These days, whenever I hear about how “upbeat” the stock market it, I have this picture of a bunch of old men behind a machine, feeding it with anything they can to preserve an illusion. Then I see the one feeding this monster machine turn back to face other old men and with a gnarled and frantic look, he shouts, “What do you mean the ‘printing machine broke down?!?’ “
Zero Hedge: Athens Burning As Police Runs Out Of Tear Gas “Here are some updates:
- FTW: Public order minister resigns in Greece as fires burn – BBC
- Rioting spreads across central Athens, at least 5 buildings set ablaze – AP
- 2:02PM EST: FIRES ARE BURNING SEVERAL SMALL BUSINESSES AROUND ATHENS AS PROTESTERS CLASH WITH POLICE NEAR GREEK PARLIAMENT
- 1:52 PM EST: POLICE ARE CLEARING PROTESTERS FROM OUT IN FRONT OF GREEK PARLIAMENT BUILDING
- 1:50 PM EST: ATMS ARE REPORTEDLY EMPTY AROUND ATHENS… STILL UNCONFIRMED WORKING TO CONFIRM THIS
- 1:48 PM EST: LARGE FIRES ARE REPORTED AROUND ATHENS… INCLUDING A BRANCH OF EUROBANK AND STARBUCKS
- Skai TV reports that police have run out of tear gas & have asked for more supplies to be brought”
“As a reminder, the final vote is not until midnight.”
Since that update, the Greek Public Order Minister has resigned and their Parliament just passed that 2nd bailout! The people have simply had it with these global bully banksters and their megalomaniacal madness for money and world control. [What is most disgusting is how stocks rise in direct proportion to the degree suffering that human Life Force suffers. Torture by money wrenching.] Expect major, major take downs of this collective evil in 2012. Perhaps that Police Union wanting to arrest IMF/EU officials will find that judge, pretty soon (see below).
Greek police union wants to arrest EU/IMF officials
“In a letter obtained by Reuters on Friday, the Federation of Greek Police accused the officials of ‘…blackmail, covertly abolishing or eroding democracy and national sovereignty‘ and said one target of its warrants would be the IMF’s top official for Greece, Poul Thomsen.”
“The letter was also addressed to the European Central Bank’s mission chief in Greece, Klaus Masuch, and the former European Commission chief inspector for Greece, Servaas Deroose.”
This is the beginning of the next step in bringing down Financial Tyranny. Watch for this to catch on, first in the southern European countries, and finally on the North American continent—my intuition tells me to look for developments along these lines to rise considerably within the next three and a half months.
Greek ministers resign as bailout hangs in balance
“Five Greek politicians, including the deputy foreign minister, resigned Friday over a crunch bailout agreement that the country needs to avoid bankruptcy. Greece’s future in the euro is now increasingly precarious and violence erupted in Athens. “
” ‘Greeks’ standard of living in the event of a disorderly default would collapse, and the country would be swept into a deep vortex of recession, instability, unemployment and penury. These developments would lead, sooner or later, to exit from the euro [said techocrat Papademos].’”
The Greek citizens are already into that “deep vortex” Mr. Papademos. What concerns you and your fascist cronies is that YOUR collective standard of living [created by plundering, bribing, etc] will be in that vortex, which you all well deserve.
Romania awaits new government
” ‘It is the moment for important political decisions. From this point of view, I took the decision to give up the government’s mandate,’ [PM Emile] Boc said in a speech after a government meeting.”
“Boc slashed public salaries by a quarter and raised the sales tax to secure a $26.24bn International Monetary Fund (IMF) bailout deal and boost the economy after a deep and bitter recession.”
“But thousands of Romanians have braved freezing temperatures in the last month to protest against Boc and Basescu.” [embedded link added by me]
Romanians see through the sleight-of-hand tricks, just like millions of their brethren around the world. United we stand. Our greatest challenge now is to spot the distractions and put them down as we march toward Truth.
Romania: Undermining democracy is unacceptable – European Parliament “31th January 2012. Today the European Socialists and Democrats co-organised a hearing on political abuse and citizens’ reactions in Romania. Various speakers from Romania and Brussels discussed how to safeguard democracy in Romania and prevent further moves towards authoritarian structures in the country. Among them, S&D Leader Hannes Swoboda, ALDE Leader Guy Verhofstadt (European Liberals), PSD Leader Victor Ponta, PNL Leader Crin Antonescu and PC Leader Daniel Constantin”
Now Even Greek Politicans Are Taking Cover
“Greeks yanked €65 billion out of their bank accounts since 2009, Finance Minister Evangelos Venizelos told parliament on Friday.”
“And now even the political elite in Greece is taking cover: former Prime Minister George Papandreou told MPs of his party, the Pasok, that the coalition government of Prime Minister Lucas Papademos should stay in power till the regular elections in late 2013—rather than hold early elections.”
“Thus, Papademos would take the fall for Greece’s default and exit from the Eurozone. The former Governor of the Bank of Greece is a ‘technocrat’ who was anointed last November when Papandreou resigned. He is expendable. Dynastic career politicians like Papandreou might then rise from the chaos that would follow Greece’s return to the drachma. Political positioning for the “afterwards” has begun.”
So much for I-want-to-control-the world global fascists. There’s a built-in clause in Mother Nature’s “contract” with humanity that says something like, “Go in peace. But if you run roughshod across this planet like a bulls in a china shop, We reserve the right to tweek the global DNA that will stop you. You break it, you buy it. Got it?” When will they ever learn?
EURUSD Tumbles On Rumor Of Papademos Resignation, Eurogroup Meeting Delay
“EURUSD longs just got punk’d again, with the EURUSD surging to over 1.32 on the fake BLS number (1.2 million labor force decline, whatever, with ), when it collapsed by 100 pips as the news we tweeted earlier that Greek PM Papademos may resign today throwing the entire Greek bailout out of the window, if his talks for further austerity fail.” [link added by me]
” And just to make the confusion complete, Jean Claude Juncker just announced there would be no Eurogroup meeting on February 6. So while the market is celebrating the rotation of banker jobs with minimum wage jobs, Greece may be on the verge of blowing up Europe.”
Pop! goes the weasel.
Twenty-eight MPs raise German war reparations issue
“The 28 MPs underlined that at an Italian-German financial conference held in Rome in 1942, the Axis powers arbitrarily decided that occupied Greece, as it had fought on the side of the Allies, was obliged to fund the country’s occupation through a ‘loan’.”
“The MPs stressed that the now united German state owes Greece, a Second World War victor, roughly 54bn euros before interest, underlining that Greece was the victim of unparalleled cruelty inflicted by the Nazi forces.”
Now come out the skeletons in the closet. Getting down to the real nitty-gritty here. I sense a catharsis coming on.
Former RBS boss Fred Goodwin stripped of knighthood
“Fred Goodwin was the dominant decision-maker at RBS at the time. In reaching this decision, it was
recognised that widespread concern about Fred Goodwin’s decisions meant that the retention of a knighthood for ‘services to banking’ could not be sustained.”
“And Mr Miliband said the public wanted to see further sweeping changes to boardroom culture and remuneration.”
” ‘It is right that Fred Goodwin lost his knighthood but I think it is only the start of the change we need in our boardrooms.’ “
Losing his knighthood was secondary to having already lost his manhood by crossing the line from ethics and honor to the dark side of Gmorkish behavior.
Greek officials attack EU and IMF as debt talks stall
“Greek officials launched a vociferous behind the scenes attack on European Union and International Monetary Fund negotiators as talks in Athens over the country’s mounting debts appeared to stall.”
“One aide said: ‘All round there is an understanding that the situation is quite dramatic. Our discussions in Brussels were tough and honest with things being laid out in an austere manner. We understand how difficult it is for MPs who are now faced with the hard option of voting through another round of austerity measures but the stakes are very high and one of our greatest concerns is that they don’t understand just how high they are.’ “
Yeah, the “high stakes” involved isn’t around the concern for the masses but the total collapse of the wetdreams of the control-freaking banksters and their political puppets behind NWO/Global Empire, which will find them behind bars sooner or later; likely sooner.
European Politicians in Denial as Greece Unravels
“Europe’s politicians continue to battle reality. Everyone knows that Greece cannot repay its massive pile of debts, now at more than €350 billion ($459 billion). But instead of effectively reducing the financial burden, European politicians intend to approve new loans for the government in Athens and go on fighting debt with new debt. ‘If the country wants to remain in the euro zone, we should support it,” says Austrian Chancellor Werner Faymann. ‘ “
The EU almost choked on its venom when Papandreos wanted to call a referendum to see if THE PEOPLE wanted to say in the EU. Faymann wasn’t talking about the citizens of Greece; just the technocrats that stole their Parliament.
keeping with the subject of EU denial: Zerohedge: One Dam Metaphor for the 2012 Global Financial System: “Unfortunately for the real economy, common sense has nothing to do with the official response of central governments and banks. Their entire raison d’etre (reason to be) is self-preservation and the preservation of the financial Elites that set the context and policy of the State and central bank.”
To avoid the exposure of their own complicity and incompetence, the officials would rather risk systemic collapse of the dam. The global exercise of masking the true risks in the system can be summarized as “extend and pretend,” and for the the past four years [...] [emphasis embedded in original article]
“Hours before the start of Monday’s European Union summit in Brussels that aims to seek more growth and jobs, Belgium’s three main unions served warning that efforts to reinvigorate the European economy should center on taxing multinationals instead of slashing public services and imposing a pension reform that forces people to work longer and cuts payments in some cases.”
Absolutely. And those who feel “inconvenienced” by these massive strikes should consider supporting the strikers because if they are not being pelted by unconscionable decision by these “global masters” now, they soon will be. Doubt it not.
Fitch downgrades credit ratings of five Eurozone nations
“Frankfurt, Germany—U.S. ratings firm Fitch says it is downgrading the credit ratings of five countries that use the euro, including economic heavyweights Italy and Spain.”
“Fitch Ratings blamed the revisions on ‘the marked deterioration in the economic outlook’ in Europe and ‘the absence of a credible financial firewall against contagion and self-fulfilling liquidity crises.’ “
One huge slippery slope.
Exclusive: Germany wants Greece to relinquish budget controls
“The German demands for greater control over Greek budget policy comes amid intense talks to finalize a second 130-billion euro rescue package for Greece, which has repeatedly failed to meet the fiscal targets set out for it by its international lenders.”
“It is likely to spark a strong reaction in Athens ahead of elections expected to take place in April.”
A “strong reaction”? How about ballistic? Okay, now I’m convinced that this is a 1939-45 German imperial takeover of Europe using financial tyranny this time. Millions of lives may not be dying by tanks and bombers planes this time but the devastation to millions of people is just as threatened. But, like all megalomaniacal ideologies, this one too shall have its end.
Tyler Durden at Zero Hedge seems to agree: The Silent Anschluss: Germany Formally Requests That Greece Hand Over Its Fiscal Independence “Because while today it is the fiscal apparatus, tomorrow it is the legislative. As for the executive: who cares. At that point Goldman will merely appoint one of its retired partners as Greek president and Greece will become the first 21st century German, pardon, European colony. But at least it will have its precious euro. We can’t wait until Greek citizens find out about this quiet coup. “
“The Fed’s announcement that it was unlikely to raise interest rates until at least late 2014, more than a year beyond its previous guidance, immediately pushed down Treasury bond yields and Bernanke’s comments to the media raised expectations of a further round of so-called quantitative easing, or QE3.”
“The Fed in late 2008 slashed interest rates to near zero and has since bought $2.3 trillion in long-term securities in an unprecedented drive to spur growth and revive the economy after the worst recession in decades. Yet the recovery has been slow and the outlook issued by the Fed on Wednesday was bleak.”
I would suggest reading what Commenter “Da Asian Brutha” at DivCos Forum ["The Treasury Bubble Derivatives Riddle Parts 1 and 2"] has to say about “the rest of the story.” Here’s an excerpt:
“Now, there’s a very interesting thing that just shoves itself out for the astute. Those same institutions who received loans ARE NOT LIQUIDATING TREASURIES. They’ll liquidate everything, they’ll even destroy their own nation’s economies to get money, any money to pay those insurance policies off, EXCEPT liquidate Treasuries. In fact, they’ll park those Fed Loans into MORE TREASURIES, and eat themselves up from the inside rather than let go of their Treasury holdings. And they’re being desperately blatant about it.”
Lira Drops for 2nd Day as ECB May Not Take Losses on Greek Debt
“A senior member of Chancellor Angela Merkel’s government rejected suggestions that the ECB take losses on its Greek debt holdings, backing the bank in a dispute with the International Monetary Fund.”
‘Today risk is not trading well compared to the start of this week,’ Sukru Haskan, a currency trader at Barclays Bank Plc in London, said in e-mailed comments. ‘News reports coming out today are all risk negative.’ “
The more I follow this insane debacle, the more it feels like 1939-45 imperial takeover of Europe—not with horrendous military might, but with financial tyranny, still trying to achieve the same goal.
Davos elite: Capitalism has widened income gap
“With the global economic outlook gloomy at best as Europe struggles with its debt crisis, there’s a sense at the heavily guarded World Economic Forum in the Swiss Alps that free markets are on trial.”
“Many rejected the suggestion from Sharan Burrow, the general secretary of the International Trade Union Confederation, that capitalism has lost its ‘moral compass’ and needed to be ‘reset.’ Still, representatives of the business community insisted they were learning from the mistakes that dragged the world into its deepest economic recession since the World War II.”
Sounds as though Ms. Burrow was the only voice willing to call a spade a spade when she opined that loss of a “moral compass.”
Zero Hedge: The Art Of Extortion: Now At The IMF “Now Christine Lagarde, managing director of the IMF, has stepped into the extortion racket herself and threatened that there would be another Great Depression—the red line on the financial threat-o-meter—if certain countries and their taxpayers didn’t fork over more money. She never mentioned Germany and the US by name, but those were her prime targets. “
“Meanwhile, in one of the most above-board shining examples of a virtuous country in the Eurozone—the outright opposite of Greece—there has been a hiccup. Read…. Bribery, Kickbacks, and Money Laundering at the Austrian National Bank.“
The global financial military arm of the GMORK is bound to increase the infighting to the sound of “chomp, chomp, chomp” as they eat their own. Its the nature of the (dying) Beast.
Croatians Vote in EU Accession Referendum
“Croatian citizens are voting on Sunday in a referendum on the former Yugoslav republic’s accession to the European Union scheduled for next year.”
“Official reports suggest that Croatia is hit by a recession, which could be aggravated, if the country joins the EU. Croatia’s unemployment rate currently stands at around 17% and its budget deficit is projected at 6.2% of GDP.”
Since I do not live in Croatia, I don’t know what news they are receiving. However, most of the world has seen a devastating downward spiral and pilfering of treasuries for most of the weaker countries who have joined the EU. Very likely, however, the euro will be history by the end of this year. Good luck, Croatia.
Senior MEP sparks outrage by handing over post to her husband
“Diana Wallis, a former vice-president of the EU assembly and a senior Lib Dem, will formally announce her resignation on Friday.”
“The Yorkshire MEP is standing down after losing a bid to become the parliament’s president and under EU election rules will replaced by the next person on the Lib Dem list in her region – her husband.”
Eastern Europe Swings Right
“A dangerous storm is brewing in the shadow of the euro crisis. The devastating consequences of the 2008 global financial crisis were never fully overcome in Eastern Europe, and more countries in the region are falling into financial and economic imbalance, battling sprawling debt, high budget deficits, recessions and unemployment. “
“Following a short period of euphoria over the end of the dictatorship, the Hungarian economy suffered a swift and sustained collapse, and hundreds of thousands were suddenly unemployed. As a small group of old-yet-new elites enriched themselves with the often dubious, criminal privatization of former public property, the rest of the population was forced to suffer repeated economic and social shock therapies. This meant that few attempts to reform national and public finances were ever seen through. “
An end must come for the IMF/WB/FRes/EU, and soon—with prosecutions to follow. What specific banksters, crony-capitalists, and extremist “religious” ideologies have done globally to all living things on earth is deplorable and a clear and present danger to our planet.
Updates on the legal pressure by the EU on Hungary’s laws
“The Commission, the EU’s executive, said the laws governing the central bank, the retirement age of judges and the country’s data protection authority violated EU rules and needed to be changed within one month if Hungary wanted to avoid being taken to the European Court of Justice, the EU’s highest court.”
Guest Post: Decentralization Is The Only Plausible Economic Solution Left
“The problem today is that independent markets have been artificially and quite deliberately removed from the public view. As I have said in the past, centralization is a powerful tool for elitists, because it allows them to remove all choice from a system until the only options left to the people are those that the establishment desires. Though we deeply long for free and vibrant trade unhindered by corporate oligarchy, we are told that such a thing does not exist, and that we must make due with the corrupt ramshackle economy we have been given. I say, this is simply not so…” [emphasis mine]
Standard & Poor’s downgrades EU bailout fun EFSF
“S&P’s downgrade of France and Austria on Friday meant there were not enough AAA rated guarantors for the fund to maintain its top rating.”
“The idea of the EFSF was for countries with top credit ratings to borrow money cheaply that they could then lend on to countries that were struggling.”
I don’t know if money really is the root of all evil (with the exception of Rothschild/Rockefeller-inspired power trip delusions), but it is certainly at the root of some really stupid, megalomaniacal ideas, such as the EU, NAFTA, NATO, UN…..
Zero Hedge: The Real Dark Horse – S&P’s Mass Downgrade FAQ May Have Just Hobbled The European Sovereign Debt Market “All your questions about the historic European downgrade should be answered after reading the following FAQ. Or so S&P believes. Ironically, it does an admirable job, because the following presentation successfully manages to negate years of endless lies and propaganda by Europe’s incompetent and corrupt klepocrarts [sic], and lays out the true terrifying perspective currently splayed out before the eurozone better than most analyses we have seen to date.”
No more Mr. Nice guy from this journalist. Speaking truth to power is awesome, no?
Okay, now this time, (4:03 pm EST) French finance minister confirms S&P downgrade ” AFP - France’s finance minister confirmed on Friday that the ratings agency Standard and Poor’s had warned the government of its intention to strip the country of its triple-A credit rating.”
“Speaking on public television, Francois Baroin said the firm would bring its rating down one notch to AA+, but insisted that it was the government and not private agencies or the markets that would decide on economic policy.”
UPDATE on S&P downgrades:
Apparently the news by CNBC and many other outlets was “premature”?
France24 reports: EU tightens rules after S&P’s French downgrade error “The European Union plans to tighten the screws on rating agencies in a raft of new proposals including judicial action, issued amid concern over Standard and Poor’s erroneous downgrade of France.”
They are all eating their own, now.
CNBC Original headline and news was: France Downgraded by S&P, Others Set to Follow: Reports
“Standard & Poor’s has downgraded France’s credit rating, French TV reported Friday, while several other euro zone countries face the same fate later in the day, according to reports. “
“Germany and the Netherlands aren’t among those facing a downgrade, a senior euro zone government source told Reuters. Another source confirmed “several” countries would be hit.”
” ‘Remain alert tonight when U.S. markets close,’ said another euro zone source.” [emphasis mine]
Ooh, how ominous is that remark, huh? When the entire global Ponzi scheme collapses on its own sociopathic footprint, Humanity will have one focus; going after, as Dylan Ratigan” so eloquently puts it, The Greedy Bastards!
World Economic Forum warns of economic turmoil and social upheaval
“The study said early hopes that closer global integration would inevitably lead to higher living standards for all were at risk of being dashed by trends that left large numbers of people fearful about the future.”
” ‘Individuals are increasingly being asked to bear risks previously assumed by governments and companies to obtain a secure retirement and access to quality healthcare. This report is a wake-up call to both the public and private sectors to come up with constructive ways to realign the expectations of an increasingly anxious global community,’ said John Drzik, chief executive of management consultants Oliver Wyman.”
BTW, the WEF is also named in the hefty lawsuit filed by Neil Keenan. What a tangled web we weave when we practice to deceive, and TPTB have really mangled this web of deceit.
Merkel to meet IMF chief in euro crisis flurry
“AFP – German Chancellor Angela Merkel was due to meet IMF chief Christine Lagarde here later Tuesday for talks set to focus on Greece as it races to reduce its debt in a bid to secure more aid.”
” ‘The situation is tense, very tense,’ Sarkozy told reporters after his talks with Merkel in which they both vowed to speed up a raft of measures to combat the debt turmoil.”
If Sarkozy states “The situation is tense, very tense”, then they are in an outright ego-clashing brawl.
Hungary Folds, Ready To Change Its Laws To Get European Bailout Money
“If there is any one more vivid confirmation of Mayer Rothschild words ‘Let me issue and control a nation’s money and I care not who writes the laws’ then we have yet to find it. Today Hungary, which had ‘valiantly’ defied Europe and the IMF in ignoring pressure to make its central bank more ‘malleable’ finally folded, following a recent explosion in its bond yields, a surge in CDS to records, and a collapse in its currency. And to think how easy it is to subjugate a state to slave status in our ‘globalized’ days without shedding one drop of blood. “
My one consolation is that 2012 will see the beginning of the end of financial megalomania.
Spiegel: Scandal ‘Could Mean the End of Merkel’s Government’ “German President Christian Wulff refuses to step down amid a scandal involving a threatening phone call to a major newspaper and dodgy business dealings. German commentators warn that his resignation could cause Angela Merkel’s government to collapse.”
“Merkel’s conservative Christian Democratic Union (CDU) strongly denied media reports that they had been holding talks with their coalition partners, the Bavarian Christian Social Union (CSU) and the business-friendly Free Democrats (FDP), about the best course of action should Wulff step down. Government spokesman Steffen Seibert said on Monday that Merkel saw no reason to address the issue of a possible resignation by Wulff.. In a high-profile television interview last week, Wulff admitted he had made a ‘serious mistake’ by phoning Diekmann but denied he had considered resigning.”
Well, Swiss CB chair Hildebrand adamantly stated several times last week that he refused to resign – today, he “abruptly resigned.” As stated previously in various ways here, 2012 will be the year that Truth begins to emerge anywhere and everywhere that lies and darkness have nested.
French Scandal Exposed Global Corruption “In this regard former French President Sarkozy case of “$900 million deal of Agosta Submarines with Pakistan in 1994″ almost emerged as hallmark of global corruption. The French Investigating Authorities probed the said deal and proved that Sarkozy when he was a budget minister has signed the Agosta deal in 1994. Alleges stated that under the terms of the said deal, Pakistani officials would receive 338 million francs as a commission, while another 216 million would be added to the price of the contract and returned to Balladur’s campaign account as kickbacks.”
This year, we will see the “elite” cashing in their political chips.
Breaking News: Swiss central bank chairman Hildebrand resigns “ZURICH, SWITZERLAND – Philipp Hildebrand, chairman of the Swiss National Bank, has resigned, effective immediately, the SNB has announced. He will issue a press statement at 15:15. Details to follow.”
More from the AP: Swiss National Bank chief quits amid trades uproar “GENEVA (AP) — Swiss National Bank Chairman Philip Hildebrand resigned abruptly Monday, bowing to a public uproar over his private currency deals just as a Swiss parliamentary committee was preparing to grill him behind closed doors.”
” ‘ I would like to think I have been a damn good central banker,’ Hildebrand told reporters.”
If his personal wealth came by global pillaging, bankster robberies, self-aggrandizement, and total lack of conscience, then I suppose he is/was a “a damn good central banker.’
Has Italy Gone Fascist?
“In August this year, CLSA’s Russell Napier wrote: “Italy is scary – yields will rise when governments chose to take money from their savers – what Russell calls THE GREAT THEFT – Expect massive capital flight”. Yet while Russell was commenting on Italy’s opening move in repressing private capital by raising the capital gains tax, but not on gains of government debt, the situation has moved with such speed over the past 5 months that the emergence of the first Fascist regime following the 2008 crisis can probably now be associated with the new Monti government.”
Global financial terrorism is a far, far greater threat to Humanity than a nuclear bomb. Think about that.
Report: Swiss bank chief profited by dollar trades
“The Zurich-based Weltwoche weekly said it has obtained bank statements showing that Hildebrand himself bought large amounts of U.S. dollars before selling them for profit – after his central bank depressed the value of the Swiss franc.”
“More surprisingly, the magazine claims Hildebrand also bought over half a million U.S. dollars in two transactions on Aug. 15, 2011, three weeks before the Swiss central bank that he leads set the minimum exchange rate of the euro at 1.20 francs. The surprise central bank move caused the value of the Swiss franc to instantly drop about 8 percent against other major currencies, including the dollar.”
And the beat goes on. Somebody! Stop these delusional drummers!
Blunt warning from Athens on euro future
“Greece and its EU partners have repeatedly ruled out a euro exit, which could drag the single currency bloc even deeper into crisis, and usually avoid saying this is a possible scenario.”
I cannot speak for Greek citizens but I do know that in 2008 when we in the U.S. were warned that not bailing out the Banksters would cause a “catastrophe”, we obviously did not avert one by bailing them out , did we? In the end, the global bankster apparatus must be removed.
Greek tax officials on strike over salary cuts
“ATHENS, Greece (AP) — Greek tax officials walked off the job Thursday at the start of a 48-hour strike to protest salary cuts and other austerity measures, as the government struggles to meet revenue targets demanded by the country’s international creditors.”
“Tax offices shut down for the last two working days of the year, prompting hundreds of Greeks on Wednesday to rush to settle last-minute issues before the strike. Many handed over their car license plates, preferring to keep their vehicles off the road rather than paying an increased tax.”
Great tactic by Greek citizens.
New Greek Government Runs Out of Steam
“The transitional government started out with a lot of goodwill from the Greek public, but it has lost that trust in record time. When it was formed, some 48 percent of Greeks said they had confidence in the government — but only 26 percent still do today. And the proportion of Greeks who distrust Papademos has surged to 65 percent from 38 percent. Almost four out of five Greeks now think their country is heading in the wrong direction. “
No politicoeconomic entity has more cultural and intellectual investment in a country than its citizenry. Give Greece back to the Greek citizens ! Period, point.
Euro hits 11-month low against the dollar as banks hoard ECB cash
“The European single currency hit a fresh 11-month low against the dollar of $1.291 and a 10-year low against the yen as data showed banks were hoarding the cash recently injected by the European Central Bank rather than lending it out – a bad omen for the European economy in 2012.”
” ‘If European banks are still this concerned, it’s not a good sign,’ said Karl Schamotta, senior markets strategist with Western Union Business Solutions. ‘That underlines the possibility that this liquidity crunch is getting worse and will continue into the new year.’ “
Definitely too many cooks in the EU financial kitchen. They’re all just staring at the burnt turkey instead of coming to terms with it and throwing the thing out.
“After .. the heroic exodus abroad of huge amounts of capital-product of the timeless robbery of the big business elit,politicians and their accomplices against the citizens of this country..
“Greeks, in the year 2011, are crowding in Christmas soup kitchens, like the one organized this year at Rouf,a central region of Athens ..”
“This is not just an economic crisis..It is a hummanitarian [sic] catastrophe within Eurozone!”
Argentina’s Lessons for a Crisis-Ridden Europe
“Few countries have the kind of extensive experience with financial crises that Argentina does, a country which underwent three collapses in the space of 20 years. Hyperinflation, chaos at the banks, debt moratoriums, debt restructuring — the same scenes simply repeated themselves. Argentines saw three different currencies come and go within 10 years and the country was a regular customer at the International Monetary Fund (IMF).”
“The former president answers the door himself, his face marked by bitterness. De la Rúa considers himself a victim of the IMF and of neoliberal financial gurus in Washington. ‘The IMF wanted to make an example of Argentina,’ he says. In particular, he blames Horst Köhler, head of the IMF at the time, for the crash, saying Köhler conjured up’a perfect storm’ with his hard-line conditions. “ [emphasis mine]
Greek Weekend Strike To Shut Down Museums
“ATHENS, Greece (AP) — Greek guards say scores of archaeological sites and museums across the country will be shut down over weekends beginning at Christmas as they strike to protest the lack of extra weekend pay.”
Fitch warns on eurozone bail-out fund
” ‘The AAA rating on debt issues of the European Financial Stability Facility largely depends on France and Germany retaining their AAA status,’ the company said in a statement. Fitch said its decision last week to change its outlook on France to ‘negative’” implied that the risk of a downgrade of the EFSF had increased.”
“A key factor will be how the US responds to pressure to chip in, as the biggest single IMF member economy and a major trading partner of the euro zone.
Washington however has its own debt and budget crises to contend with. [emphasis mine]
Eurozone crisis: Foreign Office plans evacuation of expatriates
” ‘The nuclear scenario would be having thousands of Brits stranded at the airports in Spain and Portugal with no way to get money from the cash dispenser and no way to get home. Who would be blamed for this? The Foreign Office,’ an official said.”
“ ‘We are looking at how we can help evacuate them if the banks in Spain and Portugal collapse, getting people cash, things like that, sending planes. We did similar things in Lebanon in 2006. We are coordinating with the Treasury.’ ”
Amid euro crisis, Merkel beset by domestic turbulence
“(BERLIN) – Just when she should be devoting all her energy to saving the euro, German Chancellor Angela Merkel is beset by political turbulence at home, in particular a crisis within her coalition allies.”
“Having slumped in polls to below five percent, the threshold required for winning a seat in parliament, the pro-business party this week abruptly lost its general secretary Christian Lindner. To add to the party’s headaches, his hastily designated successor Patrick Doering is under investigation for a suspected hit-and-run incident involving a damaged car.”
I tell you true, “Universe” is working overtime to thwart and scramble attempts by megalomaniacal “world leaders” everywhere to wreak havoc on this planet.
Torrent of bad financial news flows out of Europe
“DUBLIN — Alarming financial news flowed out of Europe in a torrent Friday, just a week after the EU leaders struck a deal they thought would contain the continent’s debt crisis.”
” ‘Current policies are making recovery almost impossible,’ said David Begg, general secretary of the Irish Congress of Trade Unions. ‘No economy can sustain the sort of ongoing damage that is being inflicted on us.’ ” [emphasis mine]
I sense major synchronicity emerging today.
Re: CONFIRMED: The Trillion-Dollar Lawsuit That Could End Financial Tyranny
Courthouse News Service: MANHATTAN (CN) – An American expatriate in Bulgaria claims the United Nations, the World Economic Forum, the Office of International Treasury Control and the Italian government conspired with a host of others to steal more than $1.1 trillion in financial instruments intended to support humanitarian purposes.
Nigel Farage: Bully Boys in Brussels Building Europrison “ ‘The biggest threat we face now in Europe is to keep countries like Greece, Portugal, Ireland – even Spain and Italy – trapped inside an economic prison, stripped of their democracy. The governments of Italy and Greece were removed by these bully-boys in Brussels. The bigger threat for them is to stay and die a long economic death,’ said Farage.”
Polish Opposition: EU fiscal treaty means German rule
“BRUSSELS – Opposition leader Jaroslaw Kaczynski has said Polish leaders at last week’s EU summit sold the country’s sovereignty to Germany for the sake of ‘private interests.’ “
” ‘This [the new treaty on joint economic governance ] is an attack on our sovereignty, our status, our dignity but also our interests. Only people who have gone mad, to put it mildly, would believe that others, those more powerful than us, will look after our interests,’ Kaczynski said.”
Stay strong, Poland. [related post: Poland’s Tragic Loss: A Devastating 911 In Reverse ]
12/13/11 Democracy Movement: New EU deal faces multiple referendum threats“The deal is designed to extend EU control over the tax and spend policies of the
elected national governments of its member countries by transferring greater power over national budgets to EU institutions.”
“But according to EUobserver, ‘serious obstacles are beginning to materialise in Ireland, the Netherlands, Austria, Romania and Denmark, while Finland, Latvia and the Czech Republic may also present the process with additional hurdles.’ “
UK unemployment up next, as euro hits 1.3000
“The slide in the single currency over the past 24 hours is surprising in so far that it has taken so long to come about. Against a backdrop of concerns about ratings downgrades, a lack of large scale ECB intervention, and Angela Merkel’s reiteration that there would be no increase in the new bailout fund, it was news out of the US that really helped push things along. “
12/14/11 ZeroHedge: Euro Drops Under 1.3000 Following Record High Yield On Italian 5 Year Auction “And result: EURUSD < 1.3000 which means bad things for the record high correlated stock market… and the Christmas Rally.”
EUR Pops As EFSF Issues 3-Month Payday Loans Then Promptly Tumbles On News Greek Lenders Fail To Reach Deal, Lethal Grenade Attack In Belgium
“Following a series of modestly successful debt auctions out of Europe, primarily in Spain and Greece, the morning capped its positive tone after the EFSF managed to sell €2 billion of 3 month deals: an event to which the EURUSD popped by 40 pips as apparently investors do not expect the EFSF to go insolvent in 91 days. However, the positive mood was quickly wiped out after Reuters reported minutes ago that private bondholders have concluded talks in Athens without reaching a deal, which confirms that that very basis of the July 21 deal, not to mention its October revision, the NPV ‘ trim’ of Greek notional bonds, is and continues to be elusive, which means that Europe’s banks are certainly unable to still take even a 50% haircut, despite all protestations to the opposite namely that everyone has cut their Greek exposure. In other words, Europe’s banks have, once again, lied to everyone. And rounding up the sour note of the morning is the breaking out of Liege, Belgium where one or more attackers are said to have thrown Grenades at a bus stop, with at least 2 people confirmed dead and 10 wounded. Unfortunately, the deadly anger is spreading ever closer to the core of Europe.”
Eurozone Crisis: Most Germans and French DON’T Want To Stay In The Euro
“A startling poll last night showed that only a third of French people believed that their country should stay in the euro indefinitely.”
“The situation in Germany was scarcely better with support for staying in the single currency long-term standing at just 41 per cent.”
The Swiss Government Is Getting Ready For Collapse Of The Euro
“The Swiss government is preparing for a collapse of the euro, according to Swiss Finance Minister Eveline Widmer-Schlumpf.”
“She told parliament that a work group was studying the imposition of capital controls and negative interest rates to protect Switzerland from the capital flight that a euro collapse would engender (Handelsblatt).”
Whats in the new deal to save the euro
“Twenty-three European Union states agreed Friday to set up a new treaty, giving up crucial powers over their own budgets in an attempt to overcome a crippling debt crisis. “
“Initial market reaction to the deal was lukewarm and many of the details of the new treaty and how the firewalls will function remain to be worked out. After many summits that claimed to have ended the crisis, investors and analysts have become cautious in their assessment of yet another grand declaration. Much will depend on whether the stricter fiscal rules can persuade the ECB to unleash massive funds to buy up eurozone bad debt. “
There are over 500 million eurozone citizens who have been given zero say-so in how their lives will be dictated by money. Global banksters and reckless spending by politicians/military trashed our economies ( side note: U.S. Pentagon spending is obscene!) . Think not that the masses won’t rise up to unbelievable levels to see that this globally corrupted financial apparatus is entirely replaced by putting Humanity itself first.
12/09/11 Telegraph: Europe’s blithering idiots and their flim-flam treaty
Surveillance video of Dominique Strauss-Kahn and Ms Diallo at the Sofitel Hotel
Google translation of one paragraph: “A scene also takes place in a hallway at the Sofitel in front of a local security: an agent of the hotel, Adrian Branch, calls the police to warn them that an employee says he was victim of “sexual assault”
The news channel broadcast Thursday BFMTV continuous images of CCTV cameras in the Sofitel New York May 14, which show Dominique Strauss-Kahn and the maid Nafissatou Diallo”
Bank of France debts jump tenfold on capital flight
“French lenders lost €100bn (£86bn) in short-term deposits in September alone, mostly due to precautionary moves by US money market funds and Asian investors afraid of France’s exposure to Italy. “There were huge net capital outflows,” said Eric Dor from the IESEG School of Management in Lille. “
S&P Will Put All 17 Eurozone Countries on Credit Watch Negative
“While downgrades of the AAA-rated sovereigns would probably have the most impact on the way EU leaders can handle the crisis, a downgrade of multiple euro area states could still prove a major blow for the eurozone bailout plan.”
…and divorce papers are on their way.
Euro crisis spurs Germanophobic voices in France
“While President Nicolas Sarkozy and Chancellor Angela Merkel battle it out over what forces to deploy to end the euro crisis, some in the French elite are retreating into historical stereotypes not seen for generations.”
The EU Honeymoon is officially over.
Chris Martenson Discusses The Future Of Europe And Of the Global Economy
“Chris Martenson points out that the whole world simply has too much debt. This is why he believes that there won’t be a real solution to the euro crisis. The big question will rather be who will take losses on the debt, which can’t possibly be repaid. The lack of political leadership and unwillingness to accept reality is contributing to this crisis. “
General Strike today in Greece. Protest Rallies In Athens
“The 24-hour strike is the first test of union opposition to Prime Minister Lucas Papademos’ three-
week-old government, and is set to halt most public services. Protest rallies are planned in central Athens to start after 11 a.m. (0900 GMT).”
” ‘They are creating a situation that can no longer be tolerated, can no longer be endured. Unfortunately people are in a state somewhere between poverty and despair,’ Ilias Iliopoulos, deputy leader of the civil servants’ union ADEDY told AP television. ‘The measures are supposed to improve the country’s financial situation, but the country is getting deeper into debt, unemployment is rising, and the recession — unprecedented in recent times — is worse than anywhere else in Europe. People are falling apart.’ “
11/26/11 Telegraph: Prepare for riots in euro collapse, Foreign Office warns “Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis. The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.”
LIVE STREAMING FROM GREECE - Police violence today. StopCartel independent stream on their way to cover. Probably will be up about 11:30 a.m. (EST)
Summary from chatroom member FuRious ~10:45 (EST) 11/25: “There was an unprovoked attack against about 50 protesters of the I’m not Paying movement. Riot cops surrounded them and started beating them up without any provocation at all. Cops were telling them that they had orders to make arrests. Residents of the area started approaching then and pulling the protesters out of the cops’ circle to rescue them. 2 are in the hospital and 9 were arrested…there is now an urgent call for ppl to assemble in front of the Police station where they r kept for solidarity.”
11/24/11 Portugal lowered to junk status as big strike hits “The strike was called by Portugal’s two largest trade union confederations, representing more than 1 million mostly blue-collar workers. Much of the private sector remained open for business, but a huge Volkswagen car plant south of Lisbon, which accounts for 10 percent of Portuguese exports, decided to shut down production for the day because of problems facing its suppliers.”
11/24/11 Greece: Stormtroopers move in to arrest protesters at electricity corp. “Nikos Fotopoulos and 13 other Genop-DEI union officials were detained for questioning after up to 80 MAT riot police scuffled with protesters and forced the building in Holargos, northern Athens, to reopen.”
” ‘We will not back down in our struggle. This fight is about the whole of Greek society. It is about not cutting power to the homes of the poor, the unemployed, the pensioners,’ Fotopoulos said before being detained.”
11/24/11 48-hour strike, the workers decided PPC
11/24/11 GSEE calls 24-hour strike for December 1 “The country’s private trade union federation said today that it has called a 24-hour strike on Thursday December 1 to protest against the draft 2012 austerity budget. Public sector trade union ADEDY, which represents about 500,000 state employees, will decide later on Tuesday if it will join the walkout.”
11/21/11 Greece: workers blockade state electricity sites
“Protesting power and municipal workers blockaded several state electricity company buildings around Greece Monday, in protest at an emergency property tax being collected through electricity bills.”
11/19/11: Stop Cartel – Greece : ‘Nobody” leads polls ahead of election in Greece “The MRB poll showed that, when asked which of the top two parties could deal with the country’s problems, only 7.6 percent of respondents chose Pasok, while New Democracy got 16.3 percent. ‘Neither’ scored 66.8 percent.”
11/17/11 protest marches in Greece
Greece has been through this before—in 1833: “The Bavarian advisers were arrayed in a council of regency headed by Count Josef Ludwig von Armansperg, who as minister of finance, had recently succeeded in restoring Bavarian credit at the cost of his popularity. The United Kingdom and the Rothschild bank, who were underwriting the Greek loans, insisted on financial stringency from Armansperg. The Greeks were soon more heavily taxed than under Turkish rule. ” (Wikipedia)
They won’t get fooled again
Occupy Euro: German ‘greed’ vaccine “The pro-equality Occupy movement is quickly gathering pace in Germany, with fresh protests are now starting in the capital Berlin and the country’s financial heartland of Frankfurt. Thousands are set to join the demonstrations – seeking to draw attention to rampant corporate greed and the increasing poverty of the masses. The German Occupy movement has also made significant steps in legitimising itself – having earned the support of two major political factions. RT discusses what the protesters hope to achieve today – and their chances of doing so – with one of the organizers.”
The folk memory that makes Germany reluctant to act over the euro
“What makes the crisis so intractable is that Germany, the only country that can bring about a solution, is prevented from doing so by its political culture – an elite locked into a version of history that bears little relation to reality.”
“Admitting that the euro has failed as a currency would not mean that ‘Europe’ has failed too. It would be a long-overdue recognition not only of economic, but also of human, reality. The end of the euro need not mean the end of Europe. “
Ireland’s Financial Expert Eddie Hobbs advising people to get out of the Euro as it is going to collapse.
UK Independence Party
UKIP pours scorn on Greek Puppet
“The appointment of new Greek PM Lucas Papdemos signals a bad day for Greece, says UKIP Leader Nigel Farage.
” ‘That an unelected technocratic puppet has been made prime minister of Greece should make democrats wince in horror,’ he said. ”The EU has helped trash two governments in a fortnight showing that national democracy and EU membership are incompatible.’ ” [emphasis mine]
11/09-10/11 Guardian: Reports that Germany and France have begun talks to break up the eurozone
11/09/11 Financial TImes: Europe: rise of the calculating machine “If ever modern Europe needed brave, charismatic leaders to carry their nation through turbulent times, it would seem to be now. Instead, it is as if the crew of the Starship Enterprise had concluded that Captain Jean-Luc Picard is no longer the man for the job and that it is time to send for the Borg.” [emphasis mine]“
Stop Cartel – A Voice for Greek citizens How rescue turns into a nightmare in the hands of the Greek regime “The worst, nightmarish scenario for Greece might unfortunately be confirmed as long as the resisting Greek people’s forces that are activated in the country do not express a clear political line and an economic plan of overthrow of the current regime, a plan which should entail:” read plan….
11/10/11 – StopCartel Livestream: A leaked EU/Bankster document “plan” given to StopCartelgr was summarized live today, a plan that apparently had been in the works for months.
In brief, the document plan outlined that the new “PM” (technocrat Papademos) will NOT be transitional. This secret “plan” outlines how media, etc. would “transform” Papademos into a “popular politician” by manipulation and then deceitfully draw only “corporate” members into “Parliament.” In short, they are trying to create a permanent Greek technocracy by deceiving the people.
Full write-up to follow from StopCartel.net . Now that this information is being disseminated to the Greek citizens and they realize the Truth, I am informed that the gloves will come off.
[And it appears the "media" has already jumped into action: Citizens strongly back unity coalition: polls . Of course, this "poll rigging" will be exposed only days from now, IMHO ]
Defiant Berlusconi Taken Down By Markets
“Berlusconi announced Tuesday he would resign after parliament passes economic reforms demanded by the European Union. He acted in the face of a relentless investor attack on Italy’s government bonds and crumbling support in parliament, almost certainly ending a political career in which he achieved the feat of becoming his nation’s longest-serving premier.”
Greece coalition deal struck, PM Papandreou to step down
“International pressure and a looming collapse of his government last week forced Papandreou to abandon his plans to hold the referendum on the new 130-billion-euro ($179 billion) rescue package for Greece, which was approved by euro zone leaders Oct 26. Without loans from EU and IMF lenders, which have been frozen over political uncertainty, Greece may default on its 360-billion-euro ($495 billion) debt in the coming weeks, media reports said.”
I”m putting a $99 Monopoly bet on the virtual table. 2-to-1 -conjunction of Venus/Pluto in Capricorn Dec 1 thru Dec 5 will bring a HUGE political/econ upheaval.
Europen elites should be wary of a Greek Spring
“The elite’s fear of “contagion” should not be just about the euro – they should also fear Greek resistance spreading across Europe.”
Crisis in Greece: Experts Call For Return of the Drachma
Italy’s Berlusconi returns to rebellion, calls to quit
“EU leaders are exasperated by the Berlusconi government’s erratic response to the crisis, which may threaten the entire euro zone if Italy does not shore up its finances and regain the confidence of markets.”
“With doubts over Greece’s future in the euro zone already rocking markets, German Chancellor Angela Merkel called for swift reforms in Italy Thursday and French President Nicolas Sarkozy said the focus should be on making sure measures are implemented.”
The EU/WB/IMF continue to insist that there “Shareholders’ are above the will and needs of more and more countries. They have blatantly insisted that citizens do no count and deliberately repress democracy. I fully expect a huge blowback will be bestowed upon TPTB here. Before Dec 2011 passes.
CNN: Greek cabinet supports call for referendum on bailout
“‘The vote was unanimous, though some of the ministers expressed criticism prior to casting their votes, CNN affiliate Mega Channel reported.”
Obviously, the reporting on this event is biased. I think perhaps PM Papandreau has seen the writing on the wall and decided to get on the right side of history over this global bankster battle.
Astrologically speaking, my sense is that in the 1st week of Dec 2011, we are going to see a very major “upheaval” somewhere in the global banking system.
The Greek PM knows that the eurozone bailout could cause revolution
“You see, whether there’s a referendum or a general election in Greece, it is vital that the Greek people feel that they have a say. Without this democratic valve, the country could well descend into anarchy.”
“Let’s face it, the planned austerity package is vicious, and will severely damage living standards. Now I’m as opposed to public-sector expenditure as anyone. But cutting the salaries of state employees by 20-30 per cent and whacking up their taxes simultaneously is bonkers – and certainly so when, thanks to the euro, there is no likelihood of private sector growth.”
The top officials in the Greek military have been replaced . “In what Athens News is calling “a surprise move”, defence minister Panos Beglitis has proposed changing the chief of the Greek National Defence General Staff, the chief of the Greek Army General Staff, the chief of the Greek Air Force, and (in a clean sweep) the chief of the Greek Air Force.”
“Last month he claimed that the Greek military establishment was a “state within the state.”Today’s move has prompted some eager speculation that Beglitis was trying to break up a military coup, but there’s no evidence (that I’ve seen) that this is really true.”
Greek referendum threatens new euro zone crisis
“Papandreou, whose ruling Socialist party has suffered several defections as it pushes waves of austerity measures through parliament while protesters rally outside, said he needed wider political backing for the fiscal measures and structural reforms demanded by international lenders.”
“Analysts said holding a referendum — likely to be held early next year and only Greece’s second in almost 40 years — was baffling, given that the latest opinion poll showed a majority of Greeks took a negative view of the bailout deal.”
Giving the people their inherent right to decide their own fate is ”baffling” to analysts? What pompous, self-serving arrogance. The People’s global movement will bring down this monstrous banking apparatus in the end – with or without a referendum
Greek Anger on Debt Agreement Is Focused Especially on Germany
“Here in Greece, anger is running so high — especially toward Germany, whose Nazi occupation still leaves deep scars here and which now dominates the European Union’s bailout of debt-ridden Greece — that National Day celebrations were called off on Friday in the northern city of Thessaloniki for the first time ever after a group shouted “traitor” to the Greek president, Karolos Papoulias.”
The global bankster cartel apparatus simply must fall. Together, united, Humanity will see to it that they slay this Gmork.
IDS threat to quit: I won’t vote against my Eurosceptic principles again, warns ex-leader
“Iain Duncan Smith has threatened to quit the Government if David Cameron ever again tries to force him to vote against his Eurosceptic principles.”
Give this man a round of applause!
MP Carswell GETS IT!
Spiegel: The World From Berlin: EU Summits ‘Won’t Rescue Euro, Will Only Buy Time’ “After 12 hours of at times ill-tempered talks that once again highlighted gaping divisions on how to rescue the currency, the leaders got closer to agreement on bank recapitalization and on how to leverage their rescue fund to try to avoid bond market turmoil following a Greek debt cut. Final decisions were put off until Wednesday’s summit and it remains unclear how much of a hit banks will have to take on a Greek haircut — 40, 50 or 60 percent. “
Big Banks Under Pressure in Europe Crisis
“The continent’s biggest financial institutions were at the center of talks as leaders entered marathon negotiations in Brussels, at the end of which they have promised to present a comprehensive plan to take Europe out of its crippling debt crisis.
“Between now and Wednesday we have to find a solution, a structural solution, an ambitious solution and a definitive solution,” French President Nicolas Sarkozy said as he arrived in Brussels. “There’s no other choice.”
LIVE BLOG: “Hundreds of 1000s protest in Budapest “The demonstration ended without any atrocities and, despite the unfavorable weather conditions, the organizers managed to repeat the same turnout they had drawn in March 15. Independent Hungarian newspapers emphasize the “liberated” spirit of the protest in their summaries. Some point out that young and old stood shoulder to shoulder to protest the government. They give details of the civil sphere initiatives represented at the protest and their various causes (the movement against the country’s media law, its constitution, the treatment of the Roma and the homeless, attacks on the country’s cultural institutions, the erosion of democracy, the push-back against workers’ rights and the arrogance of the government and its rule by force). “
ZeroHedge: Dollar Yen Plummets To New Post World War 2 Low “The USD just dumped across all major pairs after the recent support in the USDJPY at 76.65 was just broken, leading to a huge plunge first in the Dollar-Yen, to a fresh post WW2 lowm and then in all other pairs. It is unclear what is driving this: probably some combination of QE3 expectations and technical trading now that the bottom has been taken out. The signal is irrelevant: it all originates at the central banks these days anyway. Expect imminent chatter of BOJ intervention to protect its exporters.”
Federal Reserve Board Rife With Conflict of Interest, GAO Report “The makeup of the Federal Reserve’s board of directors poses a conflict of interest and there is concern that several financial firms and corporations could have reaped monetary benefits from their executives’ close ties to the Fed, according to a new report released today by the Government Accountability Office.”
BofA Said to Split Regulators Over Moving Merrill Derivatives to Bank Unit
“Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation.”
“The Federal Reserve and Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by counterparties, said the people, who asked to remain anonymous because they weren’t authorized to speak publicly. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people. The bank doesn’t believe regulatory approval is needed, said people with knowledge of its position.”
S&P downgrades 24 Italian banks, financial firms “Standard & Poor’s on Tuesday downgraded 24 Italian banks and financial institutions, citing renewed “market tensions” and lower economic growth prospects.”
Platinum Citizenship and Timothy Geithner “ I want to talk about what Geithner *did*, structurally to bring about this situation. We’re all aware of the two tiered political system in which protesters can be run over by police scooters but marauders in suits are put on the President’s jobs council to chuckle nervously at Occupy Wall Street. But behind the political inequality lies a new order of credit allocation. Tim Geithner created a two-tiered monetary system, a kind of money they have which you can’t get. He wasn’t alone in doing this. Financial institutions spent hundreds of millions of dollars influencing federal officials to coalesce a bailout while politicians treated them as a special class of super Americans. But he more than anyone else in the crisis period was the central figure in the creation of our current aristocratic monetary order.”
Europe crisis leaves French G-20 goals in tatters “PARIS (AP) — French President Nicolas Sarkozy promised an ‘ambitious and humble’ year as leader of the Group of 20 rich and developing economies, and he has a lot to be humble about.”
“Despite a warning earlier this year from Christine Lagarde — then his finance minister, now IMF chief — that a failure to address global imbalances would “lead us straight into the wall of another debt crisis,” that is exactly where the G-20 has wound up.”
France and Germany agree plan to recapitalize European banks
“The leaders of France and Germany have announced that they are ready to recapitalise Europe‘s troubled banks and have reached agreement on a ‘long-lasting, complete package’ to counter the bloc’s debt crisis.”
“But the German chancellor, Angela Merkel, and Nicolas Sarkozy, the French president, refused to go into detail about the plans, saying they had to think of the markets and iron out ‘technical issues’ before consulting the other 25 leaders in the European Union.”
Again, all this has to do with “pleasing” the stock market (and withholding information about this plan as a manipulative trick) rather than what is moral and rationale, which is thinking of the european citizens. Trying to bolster a psychologically labile mass of stock traders is simply feeding the monster that feeds off the human race and earth’s resources, IMHO.
BBC Does It Again: ‘In The Absence of a Credible Plan We Will Have A Global Financial Meltdown In Two or Three Weeks – IMF Advisor
“A week after the BBC exploded Alessio Rastani to the stage, it has just done it all over again. In an interview with IMF advisor Robert Shapiro, the bailout expert has pretty much said what, once again, is on everyone’s mind: ‘If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system. We are not just talking about a relatively small Belgian bank, we are talking about the largest banks in the world, the largest banks in Germany, the largest banks in France, that will spread to the United Kingdom, it will spread everywhere because the global financial system is so interconnected.’ “
“LISBON — Tens of thousands of people rallied in Portugal Saturday against the government’s austerity measures, protest organisers said, amid projections that the economic situation was far worse than expected.”
“Government and private sector workers demonstrated in Lisbon and Porto, following a call by the country’s largest trade union federation to speak out against policies it says threaten “jobs, workers, pensions and social rights.”
Since that BBC broadcast (video above), some questions have been raised about Alessio Rastani’s legitimacy as a “trader“, although he stands by his statement—so all that remains to be sorted out.
Zerohedge says: Step Aside BBC “Trader”: Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse “Either the YesMen have infiltrated Italy’s biggest, and most undercapitalied, bank, or the stress of constant, repeated lying and prevarication has finally gotten to the very people who know their livelihoods hang by a thread, and the second the great ponzi is unwound their jobs, careers, and entire way of life will be gone. Such as the head of UniCredit global securities Attila Szalay-Berzeviczy, and former Chairman of the Hungarian stock exchange, who has written an unbelievable oped in the Hungarian portal Index.hu which, frankly, make Alessio “BBC Trader” Rastani’s provocative speech seem like a bedtime story. Only this time one can’t scapegoat Szalay-Berzeviczy “naivete” on inexperience or the desire to gain public prominence. If someone knows the truth, it is the guy at the top of UniCredit, which we expect to promptly trade limit down once we hit print. Among the stunning allegations (stunning in that an actual banker dares to tell the truth) are the following: “the euro is “practically dead” and Europe faces a financial earthquake from a Greek default“… “The euro is beyond rescue”… “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”….”A Greek default will trigger an immediate “magnitude 10” earthquake across Europe.“…”Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty “within minutes.” In other words: welcome to the Apocalypse… ” (emphasis included in report)
RianNovosti: Nationwide Strike Shuts Down Greek Public Sector “Public services were shut down
across Greece on Wednesday in a nationwide strike over an austerity drive by the government, which is struggling to avert a default. More than 400 domestic and international flights were cancelled, schools have been closed and hospitals are running on emergency staff. Later in the day, state workers, students and pensioners will march on Athens’s central Syntagma Square and protest outside parliament.”
Without the euro, would Europe have turned to war?
“Germany’s Helmut Kohl and France’s Francois Mitterrand — and just about every European leader since — saw a common currency as essentially a political project, meant to cement European unity and remove that danger. For them, a world without the euro would have been a world increasingly threatened by conflict and perhaps even war.”
“War would not have come to Europe, with or without the euro. A prediction made by Harvard economist Martin Feldstein in 1997 seems closer to reality. He argued that the introduction of the euro would lead to major friction within the European Union, because the problems in maintaining a common currency among so many countries would create confrontations and a rebirth of nationalism.”
Very educational—it helps me understand what got Europe into their euro mess.
Merkel Consults With The Pope On Financial Crisis
“German Chancellor Angela Merkel said she and Pope Benedict XVI spoke about financial markets after meeting with him today as he began a four-day visit to Germany. “
“No word on exactly what he said.”
Seems like the blind leading the blind, as they walk their way around walls a’crumbling at their own hands.
Dow falls more than 400 on fears about economy
“Stocks have closed sharply lower after investors sold stocks with abandon, convinced that the U.S. and the world are
headed for a new recession.”
“Nineteen stocks fell for every one that rose. Trading volume was high on the New York Stock Exchange, at 6.9 billion. Oil and metals prices, which rely on economic demand, sank. Traders sought the safety of Treasury bonds.”
£64bn wiped of FTSE 100 as global markets slump
“During a nervy and dramatic day’s trading in London, the FTSE 100 index tumbled 246 points, or 4.67%, to close at 5041. This is the blue-chip index’s worst daily fall in percentage terms since March 2009, and its biggest points fall since November 2008 in the aftermath of the collapse of Lehman Brothers.”
IMF warns that time is running out to sort out global financial system “The International Monetary Fund warned on Wednesday that time was running out to tackle weaknesses in the global financial system following a substantial increase in risks to stability over the past few months.”
“”Since our previous report, financial stability risks have increased substantially – reversing some of the progress that had been made over the previous three years. So we are back in the danger zone,” José Viñals, the IMF‘s financial counsellor, told journalists in Washington DC.”
They are afraid – very, very afraid. WeThePeople know how to take care of ourselves, while they will end up eating one another.
Suicides in Greece Rise Since Austerity – the Cruelest Toll “Two years into Greece’s debt crisis, its citizens are reeling from austerity measures imposed to prevent a government debt default that could cause havoc throughout Europe. The economic pain is the price Greece and Europe are paying to defend the euro, the centerpiece of 60 years of efforts to unite the Continent. But as Greece’s economy shrinks, its society is fraying, raising questions about how long Greeks will be able to take the strain.”
How do these global banksters and govt leaders sleep at night? In coffins?
MSNBC Bottom Line:
NYU’s Roubini – Greece should default, leave euro
Greece should start an orderly default, voluntarily leave the euro zone and return to its former currency the drachma in order to avoid a “vicious cycle of insolvency, low competitiveness and ever-deepening depression,” economist Nouriel Roubini said in a column published in the Financial Times Monday.
Miles Mogulescu: The Man Who May Bring the Banksters to Justice (If They Don’t Break His Knees First)
“New York State Attorney General Eric Schneiderman may go down in history as the most important public official in reforming the corrupt financial system that caused the great Financial Crisis of 2008 and holding the perps responsible — if he can hold out against pressure from Wall Street, the Federal Reserve, and the Obama administration to give Wall Street a “Get Out of Jail Free” card.”
This articles ought to pop your eyes open wide! Excellent information.
09/16/11 Yahoo: Austrian minister critisizes Geithner intervention “Maria Fekter says Geithner in ‘very dramatic terms’ urged the eurozone to get a grip on its debt crisis to avoid destabilizing the global financial system, but then immediately ruled out a tax on financial transactions, which some euro countries see as a way of sharing the burden of expensive bailouts.”
“Fekter said Friday ‘I would have expected that, if he explains the world to us, that he would also listen to what we want to explain to the Americans.’ “
Geithner, get out of the EU’s way, will ya? You and your Fed Res/Goldman Sachs cronies initiated this entire global economic crisis, so you are in no gracious position to be giving “advice” about increasing EU bailouts!
Politico – Book: Timothy Geithner ignored President Obama order“Treasury Secretary Timothy Geithner ignored President Barack Obama’s order to consider dissolving Citigroup, a new book by Pulitzer Prize-winning author Ron Suskind claims.”
Vote on Austerity Plan Sparks Clash in Italy
“Hundreds of protesters marched through Rome’s streets, some hurling smoke bombs, while storekeepers hastily shuttered display windows. As police helicopters buzzed overhead, officers in riot gear fanned out through the squares and alleys, herding the protesters away from Parliament and from the downtown palace where Berlusconi resides. At one point an officer struck a protester on his back with a club.”
Central Banks Can Fail, Should Return To Gold Standard: Asset Manager
“The Federal Reserve and other central banks are able to go bust and may yet do so, Urs Gmuer, an asset manager at Dolefin, a Swiss investment advisor, told CNBC Tuesday.”
“Gmuer said that for central banks with substantial amounts of risky assets on their balance sheets, such as the Federal Reserve, the Bank of England and the Swiss National Bank, getting out of the red could prove an impossible task.”"
Ah, but according to a report by Al Jazeera on a just released Wikileaks cable, China seemed in 2009 to believe that ” [the US and Europe] intend to weaken gold’s function as an international reserve currency. They don’t want to see other countries turning to gold reserves instead of the US dollar or Euro.“
“The Dutch government has proposed that highly indebted states be put into “guardianship”, with spending decisions seized from the elected government and placed under the direct control of a European commissioner.”
“If a state is unwilling to surrender its sovereignty in this way, then it would be forced to exit the euro.”
Whoa. The hubris and arrogance backing such a measure is astounding. If you were having problems paying a bill to your credit card co. [which, of course, big banks handed out to just about anyone and said "be fruitful and multiply....our profits"], would you let that bank have the right to take over the family budget?!? Would you mind if they then decided that great-grandmother really doesn’t need the healthcare provider you hired, or that you don’t need to use those grow-lights for tending your indoor garden?!? And if you DID mind, should they be allowed to ban you from your family structure…unless you had a mark on your forehead? Hummm?
The planet…this earth…was not created for corporations to destroy it’s abundant life – and livelihoods. It was made to support and sustain LIFE. This is all about protecting their own lavish lifestyles and pleasing international investors and nothing more, certainly not humanitarian issues. Sick, pathetic Souls, these are.
Italy to hike VAT as strikers protest austerity
” ‘The VAT hike and the willingness to work on pension reform will help reassure markets,’ said Barclays Capital economist Fabio Fois. ‘That said, in order to turn market sentiment decisively, they have to work more on growth measures.’ “
“As the government scrambled with the last minute changes to the package, protestors held rallies in around 100 towns and cities as part of a strike against the cuts called by Italy’s largest union, the CGIL.”
I am fed up to here with the mantra, ”pleasing the investors.” Elected governments (not investors, not private banks) are responsible for the general welfare of their citizens through their respective treasuries, period, point! Too bad investors greedily put their money into corrupt, megalomaniacial global corporate banksters, but that is theirproblem, not the problem of the public. My consolation is that there likely will be a phenomenal “Spiritual” turnaround within the next 15 months that greatly subdues these global leeches.
Sex charges dropped against Strauss-Kahn
“ A New York judge dismissed the sexual assault case against Dominique Strauss-Kahn, but the order is on hold until an appeals court rules on his accuser’s request for a special prosecutor.”
Prosecutors must have been paid off very generously.
AJE Documentary: The men who crashed the world
“In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne.”
Real Clear Markets:
High pressure on Sarkozy-Merkel euro zone talks
“President Nicolas Sarkozy and German Chancellor Angela Merkel are under pressure to show financial markets they are in agreement on doing more to shore up the embattled currency union — or risk watching the euro zone unravel.”
“Germany’s mass-circulation Bild newspaper warned Merkel on Tuesday not to cede on the issue of euro bonds, which some backbenchers in her Christian Democrats (CDU) party say should at least be debated. ‘ Euro bonds would ultimately make Germany the paymaster of Europe,’ wrote Bild on Tuesday. ‘The government must stick to its NO on euro bonds. All the debt sinners must clearly sort themselves out once and for all.’ “
It may well be that Germany’s citizens will be next to revolt, followed by (or perhaps in tandem with) Canada. I still perceive an October Surprise for the U.S.A. They are proposing the dissolution the sovereigns in order to “calm the markets”? Well, perhaps these “powers that be” can remain in an illusion of ivory towers but the rest of the world is Awake and steeped in reality—and they are on the move. I feel it in my bones.
Calls for a referendum on EU membership after David Cameron’s U-turn on tax
“Steve Baker, the Tory MP for Wycombe and a member of the fiercely eurosceptic 2010 Conservative intake, said: ‘It is very clear that the EU is heading at full speed towards being one country. As that is the case there is absolutely no doubt that the British people should be offered a vote on whether to be a part of that.’ “
” ‘George Osborne and David Cameron are taking another political gamble, as they did with the cuts,’ said Olaf Cramme, of the Policy Network thinktank. He believes further fiscal integration among euro members could alter decision-making across the whole EU. ‘The big difference now is that the euro has become the overriding interest – everything else will be subject to the euro.’ ” (emphasis mine)
What a tangled web we weave when we practice to deceive. Government leaders are selling out their own citizens in favor of groveling to the EU and its greedy, megalomaniacal global banksters. And they can’t understand why 1100+ young people took to the streets bent on destructive behavior with such abandon as to border on the final step in psychological crisis—mass suicide? They completely lost their moral compass trying to find their identity. They watch as global thugs economically pillage and destroy their livelihoods, communities, and their country on a breathtaking scale. The global banking apparatus must come down if the people are to rise up in dignity.
We were warned back in 2008. Here’s one who summed it all up:
“You and your colleagues have helped to build and manage a machinery that has committed treason and genocide on a breathtaking scale. The history of Goldman Sachs over the last two decades is living proof that it is possible to kill with a financial system and a pen.”
Catherine Austin Fitts: E-mail to a Member of the Research Team at Goldman Sachs
(See her blog:Financial Permaculture – Meet the Finance Team)
Maid sues Strauss-Kahn over NYC hotel encounter
“A hotel maid who accuses ex-International Monetary Fund boss Dominique Strauss-Kahn of sexual assault sued him Monday over what she calls a ‘violent and sadistic’ attack in an upscale suite that left her life ‘in shambles.’ “
“The filing of a civil lawsuit so quickly after an arrest provides an avenue for lawyers to pursue evidence and interview witnesses for a potential civil trial while memories are fresh. Other high-profile defendants who’ve faced civil suits and criminal charges at the same time include Los Angeles Lakers basketball star Kobe Bryant and late pop music icon Michael Jackson.”
WSJ: Market Sell-Off Intensifies, Dow Skids More Than 300 ”The stock-market carnage is leaving few places to hide.”
I’m just an observer on this planet but from my perspective in the bleachers, neither the IMF nor the Eurozone knows what the hell what they’re doing here. In collusion with the privately owned U.S. Federal Reserve, they have spent so long trying to throw up illusions of “stability”, they began to believe their own lies. This is an overburdened and eroded bridge that is soon to fall, no matter how may struts and bolts they try to replace. Then a real economy can be reborn in the rubble.They have spent so long trying to throw up illusions of “stability”, they began to believe their own lives. This is an overburdened and eroded bridge that is soon to fall. Then a real economy can be reborn in the rubble.
IMF Head Christine LaGarde Faces Inquiry
“A French court has ordered a formal investigation into whether the IMF head Christine Lagarde abused her position when she was finance minister in allowing a huge state settlement to a businessman friend of President Nicolas Sarkozy..”
“A judicial inquiry will now examine Lagarde’s decision to order arbitration instead of letting the Tapie affair be decided by the courts. It will also consider whether she refused expert advice to appeal against the huge payout, simply allowing Tapie to walk away with his cheque.”
Why wasnt’ this clarified before she was elected? Isn’t there at least one clean, honest person in power left in this world?
Guardian UK: Greece debt crisis: The ‘we won’t pay’ anti-austerity revolt “At the White Tower, Antonis Gazakis, a language and history teacher, says he is struck by how novices are now joining the protests, from myriad political standpoints, left to right, many with no links to parties or any history of protest. All were throwing themselves into debating how to change what they see as a corrupt political and parliamentary system. ‘Political history is being made in Greece,’ he says. ‘That’s why I’m staying around this summer. The last time people went out into a square demanding constitutional change like this was 1909. This is a golden opportunity, a paradigm shift. Greece has woken up.’ “
Εξουσία για το λαό! The Great mothership, the Great Procreator that has spawned endless wars and fostered the black art of ”divide and conquer” within humanity is a horrendously ruthless group of Gmorks running a banking/corporate cabal. They have infiltrated our governments, our treasury, our schools, our churches, our military, our healthcare systems—in short, our social fabric—in order to establish their so-called “King of the World” doctrine. This is our greatest threat. It is here where the buck really stops.
Dominique Strauss-Kahn’s accuser goes public as case nears collapse
“Until this week the US and UK media have protected the identity of Diallo, a 32-year-old refugee and mother of a 15-year-old daughter. But now she has gone public, fighting to get her day in court as her case against the former French presidential hopeful appears close to collapse.”
” ‘I want justice. I want him to go to jail,’ she said in her first television interview. ‘I want him to know that there is some places you cannot use your money, you cannot use your power when you do something like this.’ “
Okay, her turn to speak
Moody’s warns Greek default almost certain
“It was the second rating agency to warn of a default after euro zone leaders and banks agreed last week that the private sector would shoulder part of the burden of a rescue deal that offers Greece more cash and easier loan terms to keep it afloat and avoid further contagion.”
” ‘The announced EU program along with the Institute of International Finance’s statement implies that the probability of a distressed exchange, and hence a default, on Greek government bonds is virtually 100 percent,’ Moody’s said in a statement.
Greece gets new bailout with private sector help “The eurozone countries and the International Monetary Fund will give Greece a second bailout worth euro109 billion ($155 billion), on top of the euro110 billion already granted a year ago.”
” ‘Private sector involvment will be limited to Greece, and Greece only,’ EU President Herman Van Rompuy said.”
I’m filing van Rompuy’s statement in the “famous last words” category. They have no vision to see that the missing ingredient in the entire international economic mess is not circulating the stolen money back to The People, letting them locally use the creativity and innovation these self-absorbed jerks just do not possess. When the sole purpose here is to “please” intl speculators, they overlook 99.9% of the hands-on, real-life doers on this planet who can structure a real economy locally and regionally. The tree that refuses to bend with the changing winds will simply snap. I give it 18 weeks.
Eurozone weighs more powers for bailout fund
“While the eurozone ministers opened the door for buybacks — which they had firmly excluded as recently as March — they appeared to move away from a previous promise to avoid a default rating for Greece at all cost. Monday’s statement only said that the European Central Bank “confirmed its position … that a credit event or selective default should be avoided.”
“That’s much weaker language than in previous statements, where the ECB’s position had been backed by the finance ministers. It signals that finance ministers are considering harsher options for private sector involvement than the previously favored bond roll-overs.”
“Just like last year when the first bailout of Greece was met with significant opposition by German constitutional professors, the constitutionality of the upcoming bailout #2 is about to be questioned. Only this time it does not come from powerless academic but from the very top: the Federal Constitutional Court. From Frankfurter Allgemeine (google translated): ‘The federal government has to explain how the measures are compatible with the Basic Law….The government will have to justify before the court how the measures conform to the stabilization of the European currency with the Basic Law, and possibly with European law. It was originally envisaged in the Second Senate to negotiate in private. But this stance has apparently changed in the course of the discussions.’ As expected, the fine legal print is once again about to throw a major monkey wrench in the ongoing usurpation of constitutional right by the banking syndicate.” (emphasis mine)
The newsclip above echoes what I hear elsewhere; that this challenge ”is not expected” to hold. Three words come to mind: Expect the unexpected.
French journalist accuses Strauss-Kahn of attempted rape
“There is more bad news for Dominique Strauss-Kahn. A woman in France has officially accused him of trying to rape her during an interview in 2002. It comes a few days after the majority of bail restrictions against the former head of the IMF were lifted due to concerns about the credibility of the woman who has accused him of rape and sexual assault in New York.”
“The French Socialist Party says Dominique Strauss-Kahn is unlikely to run for the French presidency next year. Before the allegation in New York he was the front-runner among potential Socialist candidates and for many observers, the one with the best chance of beating incumbent Nicolas Sarkozy.”
“A party spokesman said Strauss-Kahn would be given plenty of time to think about the situation, and even if he misses the deadline of July 13 for the primaries then no one will stand in his way. That comment was made just hours before a lawyer for French journalist and writer Tristane Banon said his client would file an official complaint with police that Strauss-Kahn had tried to rape her nine years ago. Banon’s mother, a Socialist politician and friend of Strauss-Kahn, persuaded her daughter not to make a complaint at the time of the alleged assault.”
Well, that “larger spectrum of hidden issues” manifested sooner than I thought. What will make this twist really interesting is that the mother of the French journalist was ”a Socialist politician and friend of Strauss-Kahn” at the time of this 2007 alleged assault. As has been said: ”The tangled web we weave when we practice to deceive.”
Mr. Celente has been right on the button on so many political and socioeconomic trends over the years I have followed him. Unfortunately, he is relegated here in America to what many refer to as ”fringe” media. His Truths deserve to be heard by everyone around the world currently being trampled by unbridled, unchecked capitalism.
Strauss-Kahn freed from house arrest; charges stand
“Smiling faintly as he walked out of court, former IMF chief Dominique Strauss-Kahn was released from house arrest Friday after prosecutors acknowledged serious questions about the credibility of the hotel maid who accused him of sexual assault.”
“The charges against him stand — for now, at least. But weeks after saying it had a strong case that was only getting stronger, the district attorney’s office was on the defensive. So was the housekeeper’s lawyer, who continued to insist that Strauss-Kahn had violently abused the woman.”
Statement by an attorney for Strauss-Kahn:
Statement by an attorney for the alleged victim:
The alleged victim has now declared that she is going to waive her anonymity and go public.
This is an interesting and important turn of events. It raises many more questions than answers at this point. The events that led both Strauss-Kahn and the chambermaid into the spotlight may eventually evolve into a far larger spectrum of hidden issues.
BTW, when I watched one of the first live feeds of Ken Thompson’s narrative, he made a point after his graphic description of the woman’s vaginal bruising, etc. of something he learned regarding what I would call a conflict-of-interest issue; that someone very close to the Strauss-Kahn IMF camp was also either married to or a close associate of someone related to the Strauss-Kahn defense team–something along those lines, yet this statement has been edited out of all the videos and transcripts I have seens since the first airing. Just a little point that if true, should be looked into.
Massive Public Sector Strikes Have Begun In The UK
“THE UK IS being hit by one of the worst strikes in recent memory as services including schools, job centres and courts are hit. Hundreds of thousands of public sector workers are protesting over pension reforms.”
“The Guardian reports that a third of schools are expected to close and two-thirds of universities have cancelled lectures.
“Social welfare benefits will go unpaid, court cases will be postponed and airports are bracing themselves for backlogs at immigration. Travellers to the UK have been warned to expect delays with the strikes by border agency staff meaning ports and airports will be stretched. Coastguards, police support workers, and driving test examiners will also be among some of the 250,000 members of the PCS who will walkout.”
If the global banksters and politicoeconomic masterminds who sought to support their cushy lifestyles and utterly idiotic ideologies through war and repression by robbing the poor will be lucky to get through the end of 2012 with the shirts on their backs. If they do not make a major moral turnaround here, this is a bubble of megalomania that will burst at the seams soon. There is only one solution for them: GIVE THE PEOPLE BACK THEIR MONEY, you purveyors of greed and avarice, or you risk seeing millions x 10 descending on your Gmorky nests.
Greek debt crisis prompts fears of EU disintegration
“The physical construction of a united Europe seems to carry on in ignorance of the crises unfolding in the wider world. Up the road from the Justus Lipsius they are preparing the home for a new European diplomatic service, where many hundreds of mandarins will be based. Herman Van Rompuy, the first permanent president of the European council, briefed heads of government last Thursday night over dinner about the spanking new £280m base in which he will entertain EU leaders from 2014. David Cameron was apparently incensed and briefed the British press the next morning that European leaders did not ‘get it’ as they showed off their ‘gilded cages’ while Europe’s citizens endured austerity and Greece was on the rocks.”
“Van Rompuy’s talk of his new ‘palace’ offered a perfect excuse for Cameron to court popularity at home by attacking a Europe with its head still stuck in the clouds. But whether or not it was political opportunism, the prime minister had a point. Barroso may show refreshing realism, but too many of those at the centre of the EU project still remain in semi-denial. The new pragmatists seem at odds with an old order that refuses to give up. ‘We do have to respond differently and too often we fail to do so. We all have to rid ourselves of this idea that we are just programmed to march ever onwards,’ said one EU official.” (emphasis mine)”
” ‘We must avoid the country’s collapse with every effort,’ Papandreou said before the vote. ‘Outside, many are protesting. Some are truly suffering, others are losing they privileges. It is their democratic right. But they and no one else must never suffer the consequences and for their families of a collapse. We must do everything so that there is no freeze in payments.’ “
” ‘This is bad, the country will be sold for a piece of bread,’ said Dimitris Kostopoulos, a 48-year-old insurer. “There were many other more appropriate alternatives to this. Parliament has once again betrayed us.”
The IMF/EU/WB/Greek Parliament have now set the wheels of their misfortune in motion, but that is part of the natural course of Awakening forces now washing over this world—causing financial corruption to reach a fever that will have to break (down) before healing begins. When reporters and commentators were baffled by the eery silence of the crowds of protesters outside Parliament when they heard the news of passage of this bill, it was apparent to me that the strange paralysis of the crowd was a reflection of anger so deep, they realized at that point that with no options available, it would take a full government overthrow to right these injustices.
I’ve been hearing a whole lot about China, Israel, and governments of other nations trying desperately to silence any prominent leaders of human rights and freedom of speech in the wake of the Arab spring. It’s stunning to me because they don’t get it! They don’t get that the Awakening has reached the hearts and minds of humanity. The fear barrier is dissolving by a ‘Force’ these politicoeconomic power junkies and religious fanatics could never have anticipated and will not conquer. Silencing rights leaders and flooding the news with disinformation will not silence the masses—the masses are in the process of being absolutely embued with a ”sense of destiny”, growing exponentially now, to bring down a thoroughly corrupted and evil Brutal World Matrix of Power. Yes, many will fall down but in the end, those on the right side of this historic era will be the ones who end up standing in the aftermath.
The Prospect of a Greek Military Coup
“Talk has been circulating on whether a military coup might happen if austerity measures pass. In a message from an ‘Independent Movement of Military People’ to the Minister of Defence Panagiotis Beglitis, the army chided him for making false promise and creating a wealthy network of strong patronage ties.”
“A number of US State Embassy cables have been released by WikiLeaks in recent months. The Greek newspaper Ta Nea has been covering revelations in the cables.” Read full story
Looks like the coming Greek revolution will be militarized.
Urban Survival—George Ure on the Greece crisis: “But here’s the question no one is asking: While we understand why people in Greece don’t like austerity any more than people anywhere else on the planet, no one has summarized the Greece budget (least-wise as I’ve seen it) to see how much of the current crisis is real current spending and income versus what portion is accumulated debt to the world bankster cabal?”
“If a significant fraction of austerity is due to accumulated debt screw ‘em. Void the debt and go on cash-basis accounting, operating the country within its current income. Which is what Iceland is heading toward. You see where Iceland just restructures with a billion worth of paper at 3%? Not entirely coincidental, we note that today is Icelandic Independence Day, which to my double entendre way of thinking is way cool.”
“The assembly voted confidence in the government, reshuffled by Prime Minister George Papandreou to stiffen resolve behind a painful new austerity program, by 155 votes to 143 with two abstentions.”
“Protesters besieged the parliament, chanting slogans against the politicians, shining hundreds of green laser lights at the building and into the eyes of riot police outside and pushing their hands forward in a traditional insult. They held up a mock gallows with several nooses.”
For what its worth, I have a strong “sensation” that ultimately, the Greek people will go a long way in bringing down a corrupt, megalomanic apparatus called IMF with EU close behind. “The Truth will set them free by Aug 2012″ runs through my mind.
Urban Survival—George Ure on the Greece crisis: “But here’s the question no one is asking: While we understand why people in Greece don’t like austerity any more than people anywhere else on the planet, no one has summarized the Greece budget (least-wise as I’ve seen it) to see how much of the current crisis is real current spending and income versus what portion is accumulated debt to the world bankster cabal?”
“If a significant fraction of austerity is due to accumulated debt screw ‘em. Void the debt and go on cash-basis accounting, operating the country within its current income. Which is what Iceland is heading toward. You see where Iceland just restructures with a billion worth of paper at 3%? Not entirely coincidental, we note that today is Icelandic Independence Day, which to my double entendre way of thinking is way cool.” (emphasis mine, links in narrative)
06/15/11 AJE: Greek PM offers to quit amid (anti-austerity) protests
“George Papandreou, the Greek prime minister, has offered to step down to facilitate the formation of a unity government to pass austerity measures, state TV reported. His offer on Wednesday came hours after protesters angry over sweeping spending cuts clashed with riot police in the capital Athens.”
“Papandreou said the new unity government must support the EU and IMF bailout, and should not seek to overhaul it.
“Prime minister Papandreou talked with Antonis Samaras [head of the conservative opposition] today and proposed that if the two agreed on a framework of specific commitments for changes in the country and the political system and specific targets, he would be willing to stand down from his office,” a government source told the Reuters news agency.”
“The opposition conservatives responded to the premier’s offer by stating that a unity government was only possible if Papandreou resigned and if the bailout was renegotiated.”
If all corrupt banksters (IMF, Fed Res, et. al), corporate mafiosos, and dictators, as well as dysfunctional Christian, Muslim, Catholic, Zionist, You-Name-It people were placed on one side of the world —and everyone else on the other side of the world—we could then see clearly that they would fill an area maybe the size of a small island. Can you imagine a small island of thugs causing so much misery on the other 6.8996 billion on the other side of the world? Of course not. These crooks started our economic downfall by stealing from us and they will have to own up to it by giving it back and going to prison. Our currency is self-empowerment and ingenuity. THINK BIGGER. BE THE CHANGE.
IMF Hacked: “Very Major Breach”
“The NYTimes says, “The [IMF] told its staff and its board of directors about the attack on Wednesday,” but they didn’t go into detail about the hack. However senior people familiar with the attack tell the NYTimes that it was a ‘very major breach.’ “
I just listened to a “cyber expert” on TV who listed reasons for the hack, which included “for financial gain”, to gain information by one country to “attack another country”, and “just kids having fun.” More information will come forth no doubt, but another reason might be to find and expose some of the most corrupt financial deals ever undertaken on this planet. And, this is not the first time they have been hacked. From November, 14, 2008 Fox News: Exclusive: Computer Hackers Break Into IMF Computers . If the IMF is incapable of handling their computer security even after three years of warning, why in the world are countries even dealing with them? They are already systemically destroying poorer countries around the world!
Arab revolutions mask economic status quo: Despite talk of a ‘new social contract’, financial powers seek to maintain their grip on the poor of the Middle East
“The World Bank and IMF have been restructuring the economies of the Middle East for decades, with largely negative results. Yet they are poised to play a major role in the post-revolutionary efforts to stabilise Egypt, Tunisia and other post-authoritarian states.”
“The post-1967 era of the Middle East can, in many ways, be defined by the turn towards market liberalisation across the region, although the attempts by Western lending institutions to pressure local governments to initiate structural reforms goes back to the Nasser period. From the start of the 1970s-era infitah, or opening, under Anwar Sadat, there have been over a dozen episodes of mass protest and even revolt against IMF and World Bank-imposed austerity measures. Not just in Egypt, which has had at least four such episodes, but in Algeria, Jordan, Lebanon and Turkey as well.”
“In short, resentment against the kind of neoliberal policies championed by the IMF and World Bank runs deep in Egypt and other Arab countries. Today, even senior officials of the Bank and Fund blame the imposition of ‘Washington Consensus’ models of restructuring developing economies for helping create the situation of economic hopelessness that sparked the Tunisian revolution.” (Emphasis mine)
The era of economic colonization through privatization is a monster Goliath that must and will be stopped if the Awakening plays out its natural course.
This man’s monetary perspective is interesting so I am posting it FYI.
Strauss-Kahn holed up under house arrest in Lower Manhattan
“Dominique Strauss-Kahn has finally been released on bail from Rikers Island after residents at the Bristol Plaza, where his wife had rented luxury accommodation, complained that his presence would prompt a media feeding frenzy and it would not accept the Frenchman.”
“This is the building at 71 Broadway not far from Ground Zero where Dominique Strauss-Kahn will spend his time under house arrest. It is the third apartment they looked at in day, finding a home for the former head of the IMF until his trial on June 6, has not been an easy matter. “ (Emphasis mine)
The former IMF chief, an iconic representation of global financial warfare, locked away near ground zero. I sense a hint of poetic justice in this somewhere, as though a symbolic prelude to a ground-breaking story just around the corner (so to speak).
Washington Post Business:
Strauss-Kahn indicted in sexual assault “A New York grand jury has indicted former International Monetary Fund managing director Dominique Strauss-Kahn on charges arising from the alleged sexual assault of a hotel maid last week, but a judge agreed Thursday that he could await trial in a New York apartment after posting $1 million in bail and agreeing to electronic monitoring.”
“The ruling ends Strauss-Kahn’s incarceration at the Rikers Island jail but leaves him facing trial on seven criminal charges, including commission of a criminal sexual act and attempted rape. He faces a prison term in excess of 25 years if convicted.”
Time for non-European to head the IMF
“All suspects are innocent until proven guilty, but most of us probably feel that New York authorities would not have pulled the managing director of the International Monetary Fund out of the first-class cabin just before takeoff and arrested him on charges of sexual assault without some powerful evidence.”
“Not only is Strauss-Kahn’s fall likely to put paid to any notion that French Finance Minister Christine Lagarde could become the first woman to fill the position; it makes it hard to defend the claim of any European to the job. MarketWatch Topics: Dominique Strauss-Kahn .”
“The Europeans are ruthless in holding on to their perquisites, and particularly now, when the IMF is playing a key role in euro-zone bailouts, they want one of their own in the job. By the same token, emerging-market countries complain that a European managing director is more lenient with the EU countries than with others when it comes to imposing conditions on bailouts. “
“Dominique Strauss-Kahn was taken off the Air France flight at John F. Kennedy International Airport by officers from the Port Authority of New York and New Jersey and turned over to police Saturday afternoon, said Paul J. Browne, New York Police Department spokesman.”
“The 32-year-old woman told authorities that she entered Strauss-Kahn’s room at the Sofitel near Manhattan’s Times Square at about 1 p.m. Eastern time (1600 GMT) Saturday and he emerged from the bedroom naked, threw her down and tried to sexually assault her, Browne said. She somehow broke free and escaped the room and told hotel staff what had happened, authorities said. They called police. When New York City police detectives arrived moments later, Strauss-Kahn had already left the hotel, leaving behind his mobile phone and other personal items, Browne said. ‘It looked like he got out of there in a hurry,’ Browne said.
§ ≈∞ ≈∞ ≈∞ ≈ §
RSN/Rolling Stone by Matt Taibbi:
Why is the Fed Bailing Out Qaddafi?
“I came across the curious case of the Arab Banking Corporation, better known as ABC, while researching a story about the results of the audit of the Federal Reserve. That story, which will be coming out in Rolling Stone in two weeks, will examine in detail some of the many lunacies uncovered by Senate investigators amid the recently-released list of bailout and emergency aid recipients – a list that includes many extremely shocking names, from foreign industrial competitors to hedge funds in tax-haven nations to various Wall Street figures of note (and some of their relatives). You will want to see this amazing list when it comes out, so please make sure to check the newsstands in two weeks’ time.”
“When I first started working on this story, one of Sanders’s aides was careful to point out the ABC loans. Later, I took a closer look at the company and found that it was 59% owned by the Central Bank of Libya, which I found very odd, even by the generally insane standards of the bailout era. Why, I wondered, would the Federal Reserve be giving Muammar Qaddafi $26 billion in near-zero interest loans? Exactly how does that address America’s financial problems? What bailout plan could that possibly be part of? ” [emphasis mine]
“DUBLIN—Political infighting engulfed Ireland on Tuesday, threatening to trigger a quick election and delay a massive EU-IMF bailout. Rebels from Prime Minister Brian Cowen’s own party pressed to oust him and opposition leaders demanded an election before Christmas. Despite the discontent, Cowen survived a meeting of his Fianna Fail party lawmakers without a direct challenge to his leadership—even though several told Cowen to his face he should quit because he lied to Ireland about secret bailout negotiations.”
People Power in action. Wake Up Americans…our turn to remake our own govt may not be far off, me thinks. BTW, why do they refer to the parliamentary opposition here as “rebels”? I’d say they are the voices of conscience.
IMF fears ‘social explosion’ from world jobs crisis
“”The labour market is in dire straits. The Great Recession has left behind a waste land of unemployment,” said Dominique Strauss-Kahn, the IMF’s chief, at an Oslo jobs summit with the International Labour Federation (ILO).”
“The IMF said there may be a link between rising inequality within Western economies and deflating demand. Historians say the last time that the wealth gap reached such skewed extremes was in 1928-1929. Some argue that wealth concentration may cause investment to outstrip demand, leading to over-capacity. This can trap the world in a slump.”
Do we really need the overinflated IMF to tell us that the concentration of wealth in this world is and always has been the problem?
Real News Network:
The IMF’s mid-life crisis
AHK [Polish] Google translation:
Goldman Sachs comes to Poland “The American Bank Goldman Sachs is planning to open an office in Warsaw. Of the top ten banks in the world are only two not represented in Poland: Barclays Capital and Morgan Stanley.”
“Poland is a very important market for us when it comes to expansion in Central Eastern Europe,” said the spokeswoman for Goldman Sachs for this region, Anna Krajewska.”
This is Twilight Zone material—why is a vast company largely responsible for the Global Crisis actually expanding?!??! They should be contracting miserably in Federal prison.
Goldman Sachs banker sacked by Kaczynski to head new Warsaw office for bigger business “A Goldman Sachs banker who was fired as Prime Minister by President Lech Kaczynski is set to head a new branch of the bank to be opened in Warsaw, according to the website of the Chamber of German and Polish Industry and Commerce.”
“Skrzypek pursued a monetary policy that was at odds with the wishes of the bankers and the pr [sic] euro, pro IMF Polish Prime Minister Donald Tusk. Greece’s [sic] is currently face [sic] ten years of rule by the IMF, the banker controlled financial body, following a debt mountain engineered with the help of Goldman Sachs as well as Goldman Sachs bankers employed in government positions.”
Related post Poland’s Tragic Loss: A Devastating 911 In Reverse
Greek Workers strike, challenge EU/IMF talks
“Doctors, nurses, teachers, tax officials and dockers stopped work, paralyzing public services, while thousands are expected to march to parliament at midday as European and IMF officials meet for the second day of talks that could lead to a financial bailout for Greece.”
” ‘We won’t tolerate any more measures because we cannot make ends meet. I have a mortgage, two children, I have cut down on every luxury,’ said 38-year old civil servant Pavlina Parteniou. ‘Why don’t they catch those who stole the money? Is my salary or my mother’s pension of 300 euros going to save the country?’ ” [emphasis mine]
Mr. Parteniou said it all. Those who stole the money must give it back. Otherwise, those at the bankster top driving this financial attack on ordinary citizens around our world will eventually fall on their own swords because hubris and greed can never sustain for long—their darkness is too heavy to bear the Light washing over our planet now.
Flashback to 2008-09: And who should we thank for getting the ball rolling toward global financial collapse ?The Privately Owned, internationally corrupt Federal Reserve/IMF -
“The Fed should be repealed, and the Fed Banks, having violated their charters, should be liquidated immediately. Faithless Government officials who have violated their oaths of office should be impeached and brought to trial.
“Unless this is done by us, I predict, that the American people, outraged, pillaged, insulted and betrayed as they are in their own land, will rise in their wrath, and will sweep the money changers out of the temple.
Congressman McFadden Remarks on the Federal Reserve Corporation, 1934
“These capitalists generally act harmoniously and in concert to fleece the people, and now that they have got into a quarrel with themselves, we are called upon to appropriate the people’s money to settle the quarrel.”
Lincoln’s Speech to Illinois legislature, Jan. 1837.
[Vol. 1, p. 24 Complete Works of Abraham Lincoln, ed. by Nicolay and Hay, 1905).
Greece has been through this before---in 1833:
"The Bavarian advisers were arrayed in a council of regency headed by Count Josef Ludwig von Armansperg, who as minister of finance, had recently succeeded in restoring Bavarian credit at the cost of his popularity. The United Kingdom and the Rothschild bank, who were underwriting the Greek loans, insisted on financial stringency from Armansperg. The Greeks were soon more heavily taxed than under Turkish rule. " (Wikipedia)
They won't get fooled again
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Our world has entered an era of reaping what has been, to put it mildly, 50+ years of sown, unbridled economic colonization, which simply replaced the physical one. What is happening is nothing less than an aggressive assault on sovereign nations (and states in the USA like Wisconsin and Ohio) to fork over their resources and labor to private companies interested only in profit and personal pleasure, certainly not YOU, because YOU are just a number, a disposable statistic. This is being done with such menacing, “or else” threats, it is predictable and understandable that with the parallel and unprecedented rise in access to information and Truth, humanity has been through a state of paralysis and disbelief, then panic, and then anger and outrage. But there is a further process of transformation that must be realized so that humanity can move through the turmoil and emerge into a better, more enlightened planet. It is time to turn that anger into sloughing off the dependence on external PowersThatBe and begin to look within and to begin manifesting local support networks in small groups.
The near economic collapse of Greece at this stage appears dire. Now, it may not be at all apparent at this stage, but I perceive that ultimately, the ingenuity of the people of Greece to bring down the matrix, the apparatus of global corruption, and rebuild their country (as will all of us) in their own People-Powered image will emerge as a model for the rest of the world. (I predict that by the end of Aug 2012, a mind-blowing EU/IMF ulterior-motive Truth re “austerity” will coalesce humanity everywhere in absolute worldwide action—something around the word “attrition”.) The same holds true with Libya. They will show us how to take a collapsed society and rebuild it on the foundation of local cooperative food and support ventures and mutual respect, void of government interventions. They will fend off negative, abusive ideologies and supplant them with nourishing, positive, creative unity. Simply put, a badly built and vastly complicated, corrupt international socioeconomic system will always prove unsustainable and not by fault of the people per se, but by the willingness of populations to hand over their self empowerment to those who lust for power. If we don’t take our Power back in this generation, future ones will carry a far heavier yoke of slavery to cater to the pleasures of pure Evil. Runaway drug abuse (to escape reality and reap billions for parasites), abusive/violent relationships, and many other ills our societies deal with today are products of up-to-now secretive Powers that have intentionally thown the yoke of slavery even upon the monied social climbers. The old ”Time Is Money” mantra has made many even in the higher rungs of society slaves to their own material demands. Time itself is may be disappearing.
Humanity will progress through this monolith of change when we completely change how we perceive this planet.
Turning to the Central and South Americas, notice that it is The People who are finally standing up and confronting the horrendous rise in drug mafiosos/murderers and politicoeconomic corruption in their countries. On to the Middle East, where it is the YOUTH bringing revolutions on and bringing down the dictators. In the USA, expect a similar outpouring, not against oppressors per se, but the Banksters/Federal Reserve and Corporate and State-sponsored lobbies. America’s 1st revolution really only did half the job; while the revolutionaries OVERTLY believed they had won independence from King George and colonialism, what they did not see on the horizon (they didn’t have Twitter then) was the sleazy, COVERT takeover and control of our monetary system by Rothschild agents, et. al. This generation will finish up what our forefathers began.
This is a generation that is very, very different and far more enlightened than their forebearers. I can comfortably state without blinking that this is the generation with important Wayshowers among them (not all are strictly human in the sense we perceive that today) whose “sleeping” DNA is now Awake and activated, nurtured by parents and grandparents, who saw it all of this coming. Yes, the fierce anger and lashing out is prevalent now because it has been so supremely repressed, but it will transform once the human mind sees through the haze before us on the near term and onto an equilibrium and calmer path as progress is made. Not all will be transformed, however. World leaders had no vision to see that this was all coming; they don’t have a clue what’s happening and how, because they have been self-absorbed in a tiny little narcissistic bubble. They now find themselves having to explain their own cozy alliances with evil . The point is, human endeavors that promote negativity and pain will not survive in the World To Come. Parallel realities are merging, as well. This will aid humanity in the longterm but can be unsettling for many in the short run. No one said it would be easy.
The extremists in this world, namely fundamental religious groups filled with prejudice and hatred (whether Christian, Muslim, Zionist, or other “control freak” ideology that derives its sustenance from the energy of violence and conflict) will come to an end. There is no room left for that venom in the world that is currently undergoing such a phenomenal leap in Consciousness, our great grandchildren’s children will be aghast at how viscious our world leaders had become by the time we reached by the time we arrived at the beginning decades of the 21st century. Political, economic, and military monoliths in power (i.e. NATO, IMF, UN, AIPAC), can not but fail in the New Energy permeating the planet. If they do not bend like the tree, they will simply snap. Entities without vision, foresight, and respect for Mother Nature will be out because She is taking off her nourishing apron and putting on her coat of armor to throw off Her disease.
What is vital to the natural progression of the Awakening is to move away from focusing on money (or more to the point, the belief in money) and start the work of forming small, local groups – talk with neighbors, with friends. Form no complex hierarchies. Lead by example. Work together on community gardens and harvest the seeds (my neighbors and I have reaped so many rewards re-learning vegetable gardening). Invest your money in good local farmers and local “clean” endeavors. Friend your local community bank and keep money in your community. Unfriend big business intruders. Bartering may be become a “primitive” new beginning but it will build positively if humans can learn to enjoy the little benefits of life. Look for beauty wherever you can find it and nourish it. The worst of times will bring out the very best in Mankind.
I was inspired to write something about this today. I will add to it in the hope it will bring some ideas and inspiration to a reader. Forget politics and remember your personal talents. Everyone has something to add.
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