Posted in Economics, trade and business, Europe, financial crisis, government, Leaders, politicians, celebrities, news, tagged crash, Euro, European Union, IMF, Nigel Farage, reset, UK Independence Party on February 28, 2013 | Leave a Comment »
Go, go, go Nigel Farage, the world’s most interesting speaker on the Euro crisis:
Posted in global, health, solutions, U.S., tagged asleep, collapse, enlightenment, European Union, fraud, lies, Oligarchs, overwhelming, sheep, wake up, waking up on December 26, 2011 | Leave a Comment »
Like a 2×4 hitting ‘em to get their attention . . . many things can precipitate a radical change in viewpoint–and drive the masses to want answers, to wake up. For example:
The more people who realize the financial and political situation is engineered for the good of a very few and not the people, the more wake up.
Such paths to waking up the masses include: (Source)
Posted in Economics, trade and business, Europe, financial crisis, fraud, government, Leaders, politicians, celebrities, tagged European Parliament, European Union, Nigel Farage, UK Independence Party on June 3, 2011 | 2 Comments »
Posted in Economics, trade and business, Europe, financial crisis, government, news, tagged austerity, bailouts, collapse, crash, debt, European Union, José Luis Rodríguez Zapatero, Oligarchs, Spain, tax on May 11, 2011 | 1 Comment »
Instead of helping the Spanish people and small businesses, the government has bailed out its big banks and then implemented austerity measures to try to dig its way out of its fiscal hole. That’s why people are protesting. (Source)
Posted in Conflict, protest, war, global, government, news, rights, tagged activist, albania, algeria, america, argentina, Asia, australia, Awakening, bangladesh, belgium, britain, canada, chile, collapse, corrupt, corruption, crisis, cuba, cyprus, dictator, dictatorship, Egypt, engine, england, EU, European Union, financial crisis, gaza, global hierarchy, Global Political Awakening, globalization, government, Greece, hamas, honduras, india, Ireland, israel, Italy, jordan, middle east, molotov cocktail, nation, news, Obama, palestine, protest, protests, riots, tunisia, turkey, U.S., UK, united kingdom, United States, venezuela, war, yemen, Zbigniew Brzezinski on February 7, 2011 | Leave a Comment »
What we are dealing with here, is nothing short than the transformation of the world as we know it. It is going to sweep the Arab world and from there it will sweep outward in all directions.
Look upon the world at this time and marvel. You can see the plans hatch and fail in real time. You can see the wave, as it rises up from the plains and sweeps around the world into the hearts of every living thing, causing them to vibrate and cry out the truth concerning themselves. (Source)
This video shows 24 different countries that began 2011 with protests. The video shows the country location and news about the protest/riot. 2011 protests are increasing in quantity and support. Countries shown are Albania, Algeria, Argentina, Australia, Bangladesh, Belgium, Canada, Chile, Cuba, Cyprus, Egypt, Greece, Honduras, India, Ireland, Israel, Italy, Jordan, Tunisia, Turkey, United Kingdom, United States of America, Venezuela and Yemen.
Posted in Economics, trade and business, Europe, financial crisis, fraud, government, news, tagged Bank, Debt bondage, European Union, Government of Spain, Greece, International Monetary Fund, Ireland, Privatization, Spain on December 3, 2010 | 4 Comments »
The Spanish government is looking at auctioning stakes in its national lottery operator and airports, while Ireland will look at privatisations in its electricity and gas sectors as part of a joint European Union and IMF bail-out package agreed on Sunday. (Source)
Looting of Greece and the Looting of Ireland: The IMF-sponsored looting of Greece has begun. They will “privatize” the railways, the water and sewerage services, the postal service, the airports, cut the wages and pensions for public workers, and increase sales, fuel and alcohol taxes and send them directly to the banks. (Source)
Regarding “Bailouts” and “easy credit”: Which country has successfully borrowed its way out of a debt crisis? Not any. So why do it?
The plan is for the controllers of global money to further consolidate their power by instituting widespread debt slavery: “to bankrupt all countries and turn them into satellites by foreclosing on the bankrupt countries.” (Source)
Debt is not just a credit instrument, it is an instrument of political and economic control. (Source)
As Mr Strauss-Kahn, head of the International Monetary Fund,
threatens warns says:
“European nations need to cede more of their sovereignty and hand greater powers to the centre to avoid future crises.” (Source)
Posted in Economics, trade and business, Europe, financial crisis, government, tagged Angela Merkel, Euro, European Commission, European Community, European Council, European Parliament, European Union, Nicolas Sarkozy, Nigel Farage, Portugal, Spain, wall street on December 2, 2010 | Leave a Comment »
The European Union (the “EU”) is facing a multitude of issues.
All the Marbles: The struggle between the ECB/IMF and the financial crowd is about not just the future of the euro (if any), but the future of the EU and the ECM. If Ireland, Greece, or Portugal defaults, where does the damage stop? When do the riots end? When do the wars commence? (Source)
You Know They’re in Trouble When They Start Saying Things Like This:
Merkel, Sarkozy Repeat ‘Total Determination’ to Defend Euro: French President Nicolas Sarkozy and German Chancellor Angela Merkel repeated their “total” commitment to defending the euro and the region’s financial stability. “Our determination is total,” Mr. Sarkozy told a joint press conference halfway through a meeting of most of the French and German cabinets on Friday. (Source: WSJ)
European Parliament, Strasbourg – 24 November 2010
European Council and Commission statements – Conclusions of the European Council meeting on economic governance (28-29 October)
Nigel Farage To European Parliament: “The Euro Game Is Up… Just Who The Hell Do You Think You Are? You Are Very Dangerous People”
Posted in Economics, trade and business, Europe, financial crisis, government, Harm, pain and hurt, Oligarchs, tagged Angela Merkel, Bank of International Settlements, banksters, bond holders, Chancellor of Germany, debt slavery, European Central Bank, European Union, Eurozone, Germany, Government of Ireland, Herman Van Rompuy, Iceland, International Monetary Fund, Ireland, Irish government, Irish Prime Minister Brian Cowen, patsy, President of the European Council, sell out, shill on November 18, 2010 | 5 Comments »
Update 12/10/2010: €40m in Bonuses for Greedy Irish
In the Old Country: Ireland is massively in debt to the IMF/EU because it (stupidly) bailed out its banks. Now AIB, one of the bailed out banks, is paying the people who ruined both the bank and the country €40 M in bonuses because – you’ve heard this before – if they don’t the clever boys and girls who sank an entire country will go to work elsewhere. Where? (Source)
The cost of the €40 M in bonuses will be paid for via cuts in everything for everybody else, in other words by harsh austerity measures, BUT:
Austerity Measures Will Fail: “The more that countries reduce wages and costs, the heavier their inherited debt loads become. And, as debt burdens become heavier, public spending must be cut further and taxes increased to service the government’s debt and that of its wards, like the banks. This, in turn, creates the need for more internal devaluation, further heightening the debt burden, and so on, in a vicious spiral downward into depression.” (Source)
Update 1/4/2011: Irish Leaders Castigated As Greatest Traitors Of All Time: Brian Cowen and Brian Lenihan are now being reviled as the villains who inflicted horrendous financial disaster upon the Irish people and forced the enslavement of future generations to a criminal cadre of International Banksters. (Source)
Jean-Claude Trichet, head of the European Central Bank, “has made very clear his opposition to “haircuts” (losses) for secured and unsecured bank creditors. In response to Fine Gael’s plan to unilaterally restructure Ireland’s debt, Trichet insisted that the bailout plans for Ireland’s banks have already been decided and that “the plans have to be executed. . . We have a programme, approved by the international community, approved by the IMF board, the entire world, approved by the European [Union], approved and financed by the IMF and the European [Union]” (Source)
Shouldn’t bankers like Trichet ask the people of Ireland if they want to assume the defaulted obligations of international bond holders, to become the designated debt slaves paying off defaulted obligations through higher taxes, just so that international bond holders don’t have to “take a haircut” (take a loss on their bonds).
Hmmmmm, anyone wonder how that would play out?
In October of 2008, Germany and France led a European Union bailout of 1 trillion Euros, and “World markets initially soared as European governments pumped billions into crippled banks. Central banks in Europe also mounted a new offensive to restart lending by supplying unlimited amounts of dollars to commercial banks in a joint operation.”
The American bailouts even went to European banks, as it was reported in March of 2009 that, “European banks declined to discuss a report that they were beneficiaries of the $173 billion bail-out of insurer AIG,” as “Goldman Sachs, Morgan Stanley and a host of other U.S. and European banks had been paid roughly $50 billion since the Federal Reserve first extended aid to AIG.” Among the European banks, “French banks Societe Generale and Calyon on Sunday declined to comment on the story, as did Deutsche Bank, Britain’s Barclays and unlisted Dutch group Rabobank.” Other banks that got money from the US bailout include HSBC, Wachovia, Merrill Lynch, Banco Santander and Royal Bank of Scotland. Because AIG was essentially insolvent, “the bailout enabled AIG to pay its counterparty banks for extra collateral,” with “Goldman Sachs and Deutsche bank each receiving $6 billion in payments between mid-September and December.”
In April of 2009, it was reported that, “EU governments have committed 3 trillion Euros [or $4 trillion dollars] to bail out banks with guarantees or cash injections in the wake of the global financial crisis, the European Commission.”
In early February of 2009, the Telegraph published a story with a startling headline, “European banks may need 16.3 trillion pound bail-out, EC document warns.” Type this headline into google, and the link to the Telegraph appears. However, click on the link, and the title has changed to “European bank bail-out could push EU into crisis.” Further, they removed any mention of the amount of money that may be required for a bank bailout. The amount in dollars, however, nears $25 trillion. The amount is the cumulative total of the troubled assets on bank balance sheets, a staggering number derived from the derivatives trade.
The Telegraph reported that, “National leaders and EU officials share fears that a second bank bail-out in Europe will raise government borrowing at a time when investors – particularly those who lend money to European governments – have growing doubts over the ability of countries such as Spain, Greece, Portugal, Ireland, Italy and Britain to pay it back.”
When Eastern European countries were in desperate need of financial aid, and discussion was heated on the possibility of an EU bailout of Eastern Europe, the EU, at the behest of Angela Merkel of Germany, denied the East European bailout. However, this was more a public relations stunt than an actual policy position.
While the EU refused money to Eastern Europe in the form of a bailout, in late March European leaders “doubled the emergency funding for the fragile economies of central and eastern Europe and pledged to deliver another doubling of International Monetary Fund lending facilities by putting up 75bn Euros (70bn pounds).” EU leaders “agreed to increase funding for balance of payments support available for mainly eastern European member states from 25bn Euros to 50bn Euros.”
As explained in a Times article in June of 2009, Germany has been deceitful in its public stance versus its actual policy decisions. The article, worth quoting in large part, first explained that:
Europe is now in the middle of a perfect storm – a confluence of three separate, but interconnected economic crises which threaten far greater devastation than Britain or America have suffered from the credit crunch: the collapse of German industry and employment, the impending bankruptcy of Central European homeowners and businesses; and the threat of government debt defaults from loss of monetary control by the Irish Republic, Greece and Portugal, for instance on the eurozone periphery.
Taking the case of Latvia, the author asks, “If the crisis expands, other EU governments – and especially Germany’s – will face an existential question. Do they commit hundreds of billions of euros to guarantee the debts of fellow EU countries? Or do they allow government defaults and devaluations that may ultimately break up the single currency and further cripple German industry, as well as the country’s domestic banks?” While addressing that, “Publicly, German politicians have insisted that any bailouts or guarantees are out of the question,” however, “the pass has been quietly sold in Brussels, while politicians loudly protested their unshakeable commitment to defend it.”
The author addressed how in October of 2008:
[...] a previously unused regulation was discovered, allowing the creation of a 25 billion Euros “balance of payments facility” and authorising the EU to borrow substantial sums under its own “legal personality” for the first time. This facility was doubled again to 50 billion Euros in March. If Latvia’s financial problems turn into a full-scale crisis, these guarantees and cross-subsidies between EU governments will increase to hundreds of billions in the months ahead and will certainly mutate into large-scale centralised EU borrowing, jointly guaranteed by all the taxpayers of the EU.
[...] The new EU borrowing, for example, is legally an ‘off-budget’ and ‘back-to-back’ arrangement, which allows Germany to maintain the legal fiction that it is not guaranteeing the debts of Latvia et al. The EU’s bond prospectus to investors, however, makes quite clear where the financial burden truly lies: “From an investor’s point of view the bond is fully guaranteed by the EU budget and, ultimately, by the EU Member States.”
So Eastern Europe is getting, or presumably will get bailed out. Whether this is in the form of EU federalism, providing loans of its own accord, paid for by European taxpayers, or through the IMF, which will attach any loans with its stringent Structural Adjustment Program (SAP) conditionalities, or both. It turned out that the joint partnership of the IMF and EU is what provided the loans and continues to provide such loans.
As the Financial Times pointed out in August of 2009, “Bank failures or plunging currencies in the three Baltic nations – Latvia, Lithuania and Estonia – could threaten the fragile prospect of recovery in the rest of Europe. These countries also sit on one of the world’s most sensitive political fault-lines. They are the European Union’s frontier states, bordering Russia.” In July, Latvia “agreed its second loan in eight months from the IMF and the EU,” following the first one in December. Lithuania is reported to be following suit. However, as the Financial Times noted, the loans came with the IMF conditionalities: “The injection of cash is the good news. The bad news is that, in return for shoring up state finances, the new IMF deal will require the Latvian government to impose yet more pain on its suffering population. Public-sector wages have already been cut by about a third this year. Pensions have been sliced. Now the IMF requires Latvia to cut another 10 per cent from the state budget this autumn.”
If we are to believe the brief Telegraph report pertaining to nearly $25 trillion in bad bank assets, which was removed from the original article for undisclosed reasons, not citing a factual retraction, the question is, does this potential bailout still stand? These banks haven’t been rescued financially from the EU, so, presumably, these bad assets are still sitting on the bank balance sheets. This bubble has yet to blow. Combine this with the $23.7 trillion US bailout bubble, and there is nearly $50 trillion between the EU and the US waiting to burst.
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