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The Shocking 2008 AIG Report On "Empire Europe" And The Death Of Greece
Yesterday, Nomura's Richard Koo presented one of the better assessments of the situation in Greece, when he said that the "IMF is slowly beginning to understand the Greek economy", which explains its strategic U-turn, one which now demands far greater debt cuts than what Europe, and Germany in particular, is willing to concede.
Koo further notes that "the reason is that Greece’s GDP has plunged because fiscal consolidation was carried out during a balance sheet recession, resulting in a destructive deflationary spiral that has devastated the lives of ordinary Greeks. While the nation may appear to be making progress when we view the data as a percentage of GDP, the raw data show an economy in collapse. This difference in perspectives widened the gap separating European creditors who thought everything is going well, and the Greek public who has been suffering serious declines in their standard of living. And this rift in perceptions was perhaps nowhere as evident as in the results of the national referendum on 5 July."
The observation of the Greek economic devastation is absolutely accurate, and is no surprise to our readers: it has been our base case that not only Greece, but the rest of Europe's peripheral countries would suffer an ongoing deterioration in living standards due to lack of an external rebalancing (thanks to the common currency) leaving internal devaluation (plunging wages, deflation, economic devastation) as the possibility to remain competitive in the Euro Area; however where our opinion differs from that of Koo is the "motives" behind the creditors' unwillingness to honestly interpret the situation on the ground in Greece.
Yes, it is true that it is the same creditors who were the next beneficiaries of some 90% of incremental debt-funded proceeds entering Greece (only 11% of the €220+ billion in Greek bailouts ever reached the general population), and as a result they may have had the impression that ordinary Greeks are also enjoying the spoils of their bailout.
They were not, as the events of July 5 showed.
But while the former Fed economist will surely attribute this "oversight" to mere carelessness or at best, stupidity, even if an entire nation of 11 million people is suffering more than ever in history as a result of what is, at best, a failed experiment, there may be a more ulterior truth to events in Greece in the past 5 years especially considering Germany's stern insistence on not writing off Greek debts despite what is now an accepted fact that without a major debt haircut Greece simply is unviable.
Meet Bernard Connolly.
Barnard is a British economist whose rise to prominence started when he worked for many years at the European Commission in Brussels, where he was head of the unit responsible for the European Monetary System and monetary policies. In other words, if any one was familiar with what the ascent of the Euro would lead to, it would be him.
We say "eventual" because he was terminated by the Commission in 1995. The catalyst may well have been his book "The Rotten Heart of Europe: The Dirty War for Europe's Money, a negative treatment of the European Exchange Rate Mechanism" which Eurocrats did not take too very lightly.
However, Bernard is more notable not his books, or his employment in Brussels, but where he went next and what he did there.
After ending his relationship with Europe, Bernaned worked at Banque AIG, the Paris-based financial arm of the infamous AIG whose collapse together with that of Lehman, was the primary catalyst for the great financial crisis. Bernard however was not in the front office and did not trade CDS, but was the global strategist. Here is euro skepticism flourished and culminated in a report on May 30, 2008, months before the GSEs and Lehman failed, and AIG was bailed out.
The report was titled "Europe - Drive or Driven", and it should have been a must read for all Greek (and Europeans) some 7 years ago as it not only lays out precisely why Greece is now on the verge of not only sovereign capitulation but total collapse, but presents what may be the true motives behind Europe's perpetual crisis and why it almost appears as if the core European countries demand that the sick men of Europe, because Greece is just the first of many, remain and keep Europe in a state of perpetual turmoil.
And since this report is as relevant now as it was 7 years ago, we lay out some of its key highlights again.
From May 30, 2008
The Global Economic Crisis and the EMU Crisis
- The global crisis is the result of intertemporal misallocation (Greenspan; EMU).
- In effect, there has been a global Ponzi game.
- In Europe, this was intensified by the myth that “current accounts don’t matter in a monetary union”: EMU is the biggest credit bubble of them all.
- The treaty says that government should have the same credit status as private sector borrowers.
- Monetary union means greater economic instability.
- These two factors should mean a worsened credit standing in EMU, yet government bond spreads actually diminished in EMU and ratings agencies actually upgraded governments
When the bubble bursts…
- A collapsing credit bubble in the world means collapsing domestic demand in deficit countries (e.g. US, Britain, Balkans, Baltics – and several euro-area countries)
- In the US, and to some extent Britain, domestic demand is being supported by rate cuts and, in the US, by a fiscal stimulus
- In the affected euro-area countries, it isn’t
- In the absence of support for domestic demand, affected countries will be forced into an improvement in net exports via improved competitiveness
- In the US and Britain, this is happening through currency depreciation; in the euro area it isn’t.
[ZH: it is now, but for Greece it is far too late, plus any incremental "support" merely makes the European debt bubble even greater as we have shown recently]
And the implied real exchange rate movements are enormous…
- Obstfeld and Rogoff saw a need for perhaps a 65% real effective exchange rate move for the US if current account adjustment were sudden (e.g., after a housing collapse).
- The effect is linear in the size of the current account deficit relative to the size of the traded goods sector, so for the four
large euro-area deficit countries we get the required real exchange rate movements as:
- Greece: 94%
- Spain: 55%
- Portugal 36%
- Italy: 9%
- France 15%
…meaning huge required inflation differentials between blocs within the euro area
- If the ECB tries to avoid depression in the deficit bloc (i.e., keeps its inflation rate at, say, 3%) and the deficit countries as a bloc (equivalent to about 2/3 of euro-area GDP) have to improve competitiveness by, say, 30%, over a five-year period, then that would involve euro depreciation of 50% and (with1/3 passthrough into German Bloc CPI) a rise of 17% (almost 3½% a year) German Bloc price level, taking German Bloc inflation to around 6½% for five years.
The ECB did not. Instead it chose the following, which is also why youth unemployment in the periphery is about 50%:
- If instead the ECB tried to keep euro-area inflation at 2% (and no change in the euro), all the competitiveness change would have to come from Latin Bloc deflation; that would almost certainly involve a horrible depression, financial chaos, widespread default, social distress and possibly political instability.
- But this would mean substantial euro-area deflation, too, so hitting the euro-area target must involve substantial euro depreciation and a substantial increase in German Bloc inflation.
- These are all first-round calculations – they do not take account of wage-price spirals in the German Bloc as economies overheat.
And this is where it all comes home for Greece:
Things are even worse for individual countries
- If the ECB decides to avoid depression, deflation and default in the weakest country (Greece), the required depreciation of the euro would be enormous and German Bloc inflation would be well into double digits for several years.
- If weak countries have, individually, little political influence, it will be hard for them to get the ECB to bail them out via low interest rates and a weak euro.
- But if there is no ECB bailout, vulnerable economies face catastrophe.
That's not only how it all played out, but it has also led - as we have seen - to Greece which clearly had "little political influence" to lose it all, and is now on the verge of abdicating its sovereignty to an oligarchy of unelected political bureaucrats and German industrial interests (remember: German exports account for 40% of GDP and a weak EUR is far, far more valuable than a strong DEM).
In further retrospect, the above assessment and the current events also explain Wolfgang Schauble's cryptic statement to Welt am Sontag in this 2011 interview:
Schauble: "We decided to arrive at a political union via an economic and currency union. We had the hope - and we still have it today - that the Euro will gradually bring about political union. But we're not there yet, and that's one of the reasons why the markets are distrustful.
Welt am Sontag: "So will the markets now force us into a political union?"
Schauble: "Most member states are not yet fully prepared to accept the necessary constraints on national sovereignty. But trust me the problem can be solved."
And, thanks to Greece, we are about to see precisely how.
So is there an other way out? The answer is yes - and it is precisely the basis for Varoufakis huge "game theory" gamble over the past 6 months, a gamble which was all about "who has more leverage" as we explained in January. However, thanks to the arrival of QE just in time, it allowed the ECB to set and control market prices (markets which no longer had to discount adverse outcomes and merely frontrun a central bank) of equities and bonds, in the process crushing all Greek leverage.
- Current account deficits can be closed without a corresponding reduction in the trade deficit if current transfers are big enough.
- The treaty prohibits a takeover of a country’s public debt, but does not prohibit additional transfers to support private spending.
- The ECB is in effect already helping some banking systems by accepting increasingly risky collateral (but note that this may be helping German, Dutch/Belgian banks as well as, say, Spanish banks – note public disagreement between Mersch and Weber).
- But the numbers involved in a complete fiscal bailout would be staggering: eliminating current-account deficits within the euro area by fiscal bailouts would require the surplus countries (the German Bloc) to make payments equivalent to 16% of their total government revenues (7% of their GDP).
Yes, Varoufakis was right, and will be right in the end: the cost of a Grexit would have been too great in the future. However he did not anticipate that Europe has a just as powerful counterweapon: locking up Greek deposits indefinitely right now.
Greece folded.
Which brings us to the final question: What Europe Wants?
Here is Connolly's answer:
To use global issues as excuses to extend its power:
- environmental issues: increase control over member countries; advance idea of global governance
- terrorism: use excuse for greater control over police and judicial issues; increase extent of surveillance
- global financial crisis: kill two birds (free market; Anglo-Saxon economies) with one stone (Europe-wide regulator; attempts at global financial governance)
- EMU: create a crisis to force introduction of “European economic government”
And there it is: in four simple bullet points laid out in a 7 year old presentation, a prediction which is about to be proven right. Because once Greece folds, next will be Italy, Spain, Portugal, and so on, until the European Economic Government, also known as the "European Empire", controlled by a handful of "northern" European players and the bankers financially backing them, shifts from mere vision to reality.
* * *
Full presentation below
h/t @TrueSinews
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inflation is the only thing keeping this pyramid scheme going
Satanists running the financial world. They should all be hung.
Not shocking report for me. BTFD.
broccoliman strikes again
When the media and governments can’t be trusted, you have no choice than to analyze the information yourself, review history for context, and come to your own rational conclusions. Those rational conclusions, as to what is and may happen, are going to be more accurate than what you are spoon fed by the powers that be. But don’t be surprised if you do anything but keep that analysis to yourself when you are labeled a conspiracy theorist. When the government and media do nothing but tell half-truths and lies that title should be worn with pride.
HOLY GLOBAL FACISM BATMAN!
Greece is a sideshow.
"... So while the European ruling plutocracy is trying to find a new way to further dispossess the Greek people and keep southern Europe subjugated to the rule of international bankers and financiers, the participants of the double summit in Ufa are laying the basis of a new world order, but not at all the New World Order predicted by George H.W. Bush. One could say that they are building an anti New World Order.
Predictably, the western elites and their corporate media are in a “deep denial” mode. Not only do they not comment much about this truly historical event, but when they comment about it they assiduously avoid discussing the immense implications which these events will have for the entire planet. This borders on magical thinking: if I close my eyes hard enough and long enough this nightmare will eventually vanish.
It won’t. "
http://thesaker.is/a-tale-of-two-world-orders-unz-review-column/
"... Get ready for ground shattering geopolitical changes. At the crossroads of Asia and Europe, it has been decided that the Russian city of Ufa will be the point of convergence for all the initiatives and projects of the Silk World Order of trade and integration that China and Russia are spearheading. Ufa, which is the capital of Russia’s Bashkortostan, is being used to simultaneously host an extraordinary summit for both the BRICS—which has increasing become an alternative forum to that of the G7—and the Shanghai Cooperation Organization (SCO) respectively from July 8 to 9 and from July 9 to 10, 2015. ...
...The Silk World Order that is being shaped in Ufa will see the existing Bretton Woods financial architecture of the world unraveled and replaced by one that is no longer dominated by the trilateral grouping of the United States, Western Europe, and Japan. The monopoly of the World Bank and the International Monetary Fund, which has benefited Washington, is at its end. The US dollar as a currency in bilateral and multilateral trade is being scraped by the BRICS, SCO, and EEU— Washington’s flooding of oil markets was partially aimed at derailing this by forcing renewed dependence on the US dollar for energy trade. ..."
http://www.globalresearch.ca/the-us-dollar-and-bretton-woods-are-finished-the-bricssco-summits-in-ufa-marks-the-start-of-a-silk-world-order/5461828
The US will use the EU as a baseball bat to beat the BRICS into submission.
or vice versa.
Look for the 10 kings. They will rise up out of Europe.
Beast with 7 heads and 10 horns (kings?)?
The illEUsion of democracy.
A little background on AIG's connections going back to OSS and currently the CIA
https://www.corbettreport.com/episode-232-aig-exposed/
Not saying the above report of AIG's is not correct - it's just not purely an insurance co.'s analysis.
Nobody's going to a city the avr. temp is 10d F. or below, for 4 months of the year. GlobalResearch is so full of it.
Here is an older and similar confession by Romano Prodi (common currency will create a crisis allowing European fiscal integration).
AIG? Didn't those cocksuckers get bailed out?
HANG...ALL...BANKERS!
They were selling default insurance on the fraudclosure fiasco but never had the capital to pay out. Hank Greenberg's AIG sure did get bailed out...at par.
Too bad for him Goldman's Blankfein stole his bailout loot! Whooops.
"the report from the iron mountain" has a sequel?
F the EU.
Not to nit pick nope-1004, thats not the word you are looking for, its 'Hanged'.
Dont ask me where I know it from but its true, you can never be 'Hung', only 'Hanged'.
:-)
Some of us can be hung.
:)
Both. Just to be sure.
Like a church mouse?
http://grammarist.com/usage/hanged-hung/
Thank you. "Hanged" implies a subdued body and death. "Hung" implies struggling to breathe while everyone in the street looks on as the banker flails, legs a swingin', from the lamp post.
lol.
Truthfully, I didn't know which tense to use, so InTheMix96 is right. But I don't care, as long as some corrupt bank ape swings.
I wasnt taking the piss nope-1004, I agree with most of everything you post, but that one thing has always stuck in my head.
You mate, are one of the good guys, and I would love to fucking hang the cunts meself.
;-)
hey no worries. I welcome down votes, corrections, dispute, and banter. I seek the truth. I dont' take anything personally, nor should anyone else. We're all here to find out 'why', and possibly lend help to correct the sad state .gov has turned into.
All good man!
While grammar Nazis take over internet comments, real Nazis take over Europe. Good show, boys.
haha!
;-)
Indeed you're right: clothes are hung, people are hanged!
A person can be hung if someone picks him up and hooks his collar on a coat rack. He would then be hung.
Here's the rule.
The ZH readers hung the crime of looting MF Global on Jon Corzine.
As a result, Jon Corzine was hanged by the neck.
It's only hanged when it's a (banker's) neck.
Psychopaths. They do not care one iota about people and the fuckwits CANNOT see what happens with central planning and absolute screwing down of the population. War. Or maybe that's what they want.
DavidC
I keep saying;every city ,state and nation needs a plentiful collection of LYNCHING LAMPOSTS at their deiposal. The need is becomming apparent. Milestones
<<<inflation is the only thing keeping this pyramid scheme going>>>
When there is inflation PM prices go up. /s
I do not understand why some leader does not take the opportunity, when they are having some sort of international summit, to capture and kill all the bankers.
Right? Its common enough knowledge when those big meetings happen. If ever there was a time and a place for a nuke to go off...
...you'd know the ones skipping the event helped set it up, and then try to assume everyone's old roles
Chris Hedges it's all in this vid,,long but put some time aside it's worth it..
https://www.youtube.com/watch?v=iA41ggsdeXE
This report is not shocking. Actually, it looks like a template for all governments.
Everyone with eyes to see and ears to hear should expect something similar in their neighbor hood soon too.
When it happens to everyone else's country it will only be a shock to those who have actually believed the MSM lies all along.
Yepper.
"The Squid never sleeps."
Crazy Goverments maybe.
What's that saying about "honey and vinegar" again?
This is more like "smell the glove!"
So trying to claim there is no overt "political dialogue" going on between Germany and say...the entire fucking EU!...is a little ridiculous.
They have the best economy in all of Europe right now...and they expect you to be obliterated by that apparently.
Move along...
A traditional pastime in the bunker is recapping the "hole in the quan-brain" handicappers shedding ink like a drooling Alzheimer-esque-ish Mephisto-Strutting Trance Dancer "snogged" somewhere between nothingness and eternity .. 4-X:
09:19 AM ET Stock Futures Flat, Nasdaq Gains; Celgene Spikes On Receptos Buyout Stocks Roll Higher, Trade Mixed BY ALAN R. ELLIOTT, INVESTOR'S BUSINESS DAILY
11:28AM ET US Stocks Rise 0.43%: JPM Surprises Markets, JNJ Beats Estimate BY Market Realist
12:07 PM ET Stocks Rise As World Markets Bet On Greek 'Yes' Vote BY KEN HOOVER, INVESTOR'S BUSINESS DAILY
01:48 PM ET Stocks Lose Some Steam; Group 1 Breaks Out BY VINCENT MAO, INVESTOR'S BUSINESS DAILY
03:00 PM ET Stocks Erase Gains As Selling Picks Up In Afternoon BY JUAN CARLOS ARANCIBIA, INVESTOR'S BUSINESS DAILY
... and so on and so on ... like that last retail player with 600$ on his VISA, and brainumors from his IDingDong is pumping the midway carnie barkers' Tumplr stats to infinti and beyond ... ain't that America!
Then comes european army...
They'd just end up reverting to type and fighting each other. England was once at war with France for 117 years the period of peace we've had now is still only small in the grand scheme of history.
The media make out like everyone gets along but the ingrained negative stereotypes never go away.
I am English and I would personally volunteer to invade France if it all kicks off. Get up early in the morning, ferry to Calais and then rough up a few locals, watch them all run away and be all finished for lunch. There would be time to invade Ireland later in the afternoon.
It'll be too late by the time they try military force since they have to rely on an unreliable part of the population for troops.......
Hillary Clinton Calls Donald Trump a RACIST… And Trump FIRES Back in an EPIC WAY!
http://www.thepoliticalinsider.com/hillary-clinton-calls-donald-trump-a-...
Typical Liberal Scum, Hillary has her ass handed to her and then brings out the race card.... Its the same old same old with these people.
It is so refreshing to see someone srtike back at the Deep State(Hillary!) like that! The MSM will report not one of his words, but report how he lost his cool, or has a temper...
Doesn't know that Hitlery and Trumpet are buddy-buddy, and have been for a long time.
Of course this OFF TOPIC POST was made to distract the reader from the fact that the EU Oligarchy is attempting to form a Super State and that the crisis in Greece has been planned since before 2008.
That is because Bill of Rights is a STATEIST who worships the STATE and desires the EVIL OF GOVERNMENT
It is going to be a glorious day to watch the Governments of the World BURN..
When the truth is told...The liars will junk it.
Whin the fuck cares about the psychopaths running to be the puppets of Goldman Sachs?
Fuck you stateist.
Your destruction is imminent.
Looking forward to September. The forces will overwhelm you.
fuckem..dig this...i'm sick to death of fraud
https://www.youtube.com/watch?v=UDp9YYV2Kcw
Trump flies into the face of political correctness which is the single largest threat to our freedoms. He is saying thing, for the most part verifiable truths, and they are trying to destroy him by attacking his assets. We the people do not have Trump's holdings to backstop our courage. We are dependent upon the corruption that our politicians have imposed upon us and cannot speak out without real threat to our existence. Any working person who said what Trump has said publicly would lose their job...or worse. Besides Trump's viability or even his politics, he is giving backbone to people who have been silenced for decades now. There is a reason why there is a silent majority....they are afraid to speak out. Holder will call us cowards because we do not seek "honest" conversations about race, when he knows full well that if we are not speaking honestly about these issues, it is because we are in fear of reprisal, not argument or debate.
Yell from the top of your lungs Donald! I may not agree with everything you say but I WILL SUPPORT YOUR RIGHT TO SAY IT, as our constitution promises each of us, and as we must insist upon. Hopefully Trump will give us the courage to cower no more.
The Shocking 2008 AIG Report On The Motives Behind Europe's "Perpetual Crisis" And The Death Of Greece
"What Europe Wants" - to use global issues as excuses to extend its power...
Shocking? what government, from local to trans-national, doesn't want those things?
In other news, I would like a convertible and a blonde...
Schauble said it straight out. The Euro was invented to force political union in Europe.
They are going to make it happen through fear. Greece will implode, Portugal and PSain probably too before the rest of the countries all agree that they need to strengthen the political bonds that tie them together lest they all die of starvation.
And the poor Greeks are going to be made an example of to show to the rest of the Europeans this is what happens when you don't follow orders.
It is Federalization or bust.
"poor Greeks"
Exactly which army is forcing them to accept euros?
Its not charity...it's an entitlement. Don't you know the difference by now? A politician promised it and so therefore it must never be violated.
There is something in the water.
Somehow humans have forgotten that every promise must be backed by something of value...collateral so to speak. And if we know anything at all form our history, politicians have no collateral...nothing of value from which to back their promises. They have no spine, no character, no assets available to their public, yet people continue to take these promises to the bank like they were a check to be cashed at will. Foolish people. The check is a fraud drawn upon someone else's assets, but these foolish people do not care. It was a promise they cry. We must be made whole they demand. Who shall make them whole? Why of course it must be those who did not believe the false promises, the people who instead sought to provide for themselves, to save and invest in their future security.
Life is cycles. The fact that Greece is here again does not bode well for any of us. UnCivil War is coming.
Does "Wanting to have your cake and eat it too" ring any bells?
The German population need to wake the fuck up. A post politicaly unionised federation of Europe will! Hollow out their economy and tax them into poverty as the unelected mandarins and beurocrats embark on a central planning orgy of misallocation and waste. The productivity and relative wealth of Germany will be irresistibly low hanging fruit.
Hitler would be so jealous if he was alive today .... taking all that Gold & Treasure without firing a single shot.
gotta love the victors writing history
so how's that jive with...ah, fuckit, nevermind
What gold and treasure? Who's gold and treasure?
Greece?
They had gold and treasure?
That's odd. I thought they had been living off of debt all these years. I had no idea they had gold and treasures. Does the IMF know?
IE: The Billions and Billions paid to the Troika in interest on digital loan money created by a few keystrokes - paid not only by Greece but also by the rest of the EU Colony Debt Plantations.
At what interest rate? And this digital money, what was it used to pay for? Is that like the digital money you employer gives you to make your car payment?
I don't claim to know all there is about this, but all we have been reading is how Euro bonds are paying shit interest, savings actually paying negative interest and you are saying all of this debt is interest? Are they borrowing it from loan sharks at 120% interest?
My assumption has been that these loans have been continually poured down the rat hole of government employment and pensions...but I could be wrong. The lenders are demanding that the bleeding be stopped before they give more. Is that not what so many are complaining about,,,how the IMF and ECB continued to loan them money when they KNEW they couldn't pay it back? And so now they are evil for not doing more of it? If there are crooked bankers making unreasonable returns on these loans then they should get it hard, they should take the losses first. But if these are monies backstopped by investors who were only asking for modest returns on supposed secure debt, then fuck the Greeks. Let them hang in the wind.
5. Circuses and games to keep the masses distracted
Bread and Circumcisions.
These are the same bullet points the globalists are using to create a NWO. This report coming out now just goes to show that the whole "crisis" was staged to advance their agenda, and we will be facing another "crisis"soon.
The Russians have General Winter as one of their most valuable defenses against invading armies. The globe has Capitan Chaos to defend against globalists. Real chaos cannot be controlled, and we will have it.
9-11 helped as well, I mean the NWO building is standing where the twin towers were. Two ugly buildings replaced by a NWO symbol...right under our noses.
last time I drove down there, a wrong turn allowed me to flip that thing off from the north to the south to the east to the west
I find this not in the least bit surprising. I believe it was someone at the council on foreign relations who said "you will have global governance whether you like it or not".
given the european sheeple were disarmed years ago, how can they resist? thus, them first. North American Union to follow.
No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?
Thank you again Tyler, this is a great Public Service. Anyone now surprised at the Confederate Flag broo-haha? Dissent (the South) must be quashed. Watch for more Gun Control soon.
Debtland Uber Alles
Is it time for Merkle on parade in a toy car with a Shriners cap yet?
#41
Exactly as Carroll Quigley explained also
I suggest everyone download it while you can.
If you read the protocols you would have known this over 100 years ago. Now it's just in all of our goyim cattle faces and impossible to ignore.
The purpose of this "financial system" we all endure is to consolidate the power of a room full [70 or so] of satanic bastards over all of humanity.
100 year old prescience 4 u donkeys....
0 Place our agents and helpers everywhere
1 Take control of the media and use it in propaganda for our plans
2 Start fights between different races, classes and religions
3 Use bribery, threats, blackmail, lies and deception to get our way
4 Use Freemasonic Lodges to attract potential public officials
5 Appeal to successful people’s egos
6 Appoint puppet leaders who can be controlled by blackmail
7 Replace royal rule with socialist rule, then communism, then despotism
8 Abolish all rights and freedoms, except the right of force by us
9 Sacrifice people (including Jews sometimes) when necessary
10 Eliminate religion; replace it with science and materialism
11 Control the education system to spread deception and destroy intellect
12 Rewrite history to our benefit
13 Use our media to create entertaining distractions
14 Corrupt minds with filth and perversion
15 Encourage people to spy on one another
16 Keep the masses in poverty and perpetual labor
17 Take possession of all wealth, property and [especially] gold
18 Use gold to manipulate the markets
19 Introduce a progressive tax on wealth
20 Replace sound investment with speculation
21 Make long-term interest-bearing loans to governments
22 Give bad advice to governments and everyone else
23 Blame the victim
Moo.
That's a deep thought provoking comment right there.
Proto-tards...
you tend to get that when you mention a word of the root of the problem
ya know they're chomping at the bit over that red calf in AR doncha?
http://www.bible-prophecy.com/redheifer.htm
what if ot was in your power to disrupt the protocol?
lol
Can I have that with cheese please?
We'll all be living in a new, improved version of East Germany before long...
Murder also keeps it going.
Gee, and folks said, that this was all conspericy therory...
Included should be a post script by Lord Byron, the greatest debtor of them all. Ha. Ha. Ha.
he died in greece - coincidence!?
inspiration
May I explain/summaries the EU problem in a nutshell.
Working at the EU front I can tell you that there are some really talented people working there - don't count me.
However the problem is the layer of descission makers. These people are not willing, or not able, or follow a hidden agenda.
I have seen this so many times and it is totally frustrating!
It's the fucking game of the Ego.
Every time you think to yourself WTF when you hear a decision they have made, you know it is in the interests of the hidden agenda.
So what you're saying is...the agenda is too well hidden??
Substitute "Zion" for "Europe" and the picture becomes even clearer.
Liberty is a demand. Tyranny is submission..
Now that they have their own nation, shouldn't they "return" and live in it?!
I completely agree with you.
Every Zio must be forced to move to Israel.
Then we fence it in and lock it from the outside.
Laslty, we air drop in thousands of ovens.
The guilty, Zionist, or not, must be held accountable--Retribution.
Jews in the American country then must renounce their dual-citizenship, swear an oath of citizenship and fealty to the American country and people, and leave or sell any government, education, finance, and media position or ownership (Byzantium Rules), or sell their property and "return" to their homeland.
Jews are both the greatest force for mankind, and its greatest enemy. If properly corralled, and prevented from holding power, Jews contribute in unmeasurable ways to science, civilization, and society. Now that they have their own--stolen--homeland, let them reside here, however barred from power, or "return" home if power is also desired.
No cattle cars--Only stay and contribute, or "return."
Liberty is a demand. Tyranny is submission..
In the linked article below one can read, watch, as a typical corruption scheme involving Jews, quickly manifests itself, via connections and an agenda from up on high--Zion and the Rothschild's--to begin the process of wrecking a country and society for profit--plunder.
What was a simple venal scheme of corruption involving the theft of warprize ships and government contracts given to friends and cronies, turns into a scheme of tricking poor minorities to seek passage on one of Zion's ill gotten boats for the shores of what they have been told is paradise in the UK. Instead they find themselves competing with struggling Brits in a land and culture where there are few opportunities, they do not fit in, and are not welcome. Then the Zionist controlled media launches into a campaign of chastising the UK population over "integration" and anti-discrimination (division.) All of which becomes an excuse to being the the welfare state to full bloom.
Only 10 years after the Zionist scheme is begun, the UK explodes into race riots, starting in the Notting Hill section of London. To read the article is to see the same machinations used in the American country, except in the UK the fuel for their division, minorities, had to be imported. But then Zion, not satisfied with manipulating the black-white divide, is now importing Latinos in a same-similar scheme here in the American country.
http://www.theoccidentalobserver.net/2015/07/jews-the-ss-empire-windrush...
Tyranny is Their demand of Our submission, and our silence is their first and foremost demand.
Political Correctness
they want control of your opinions, if not through indoctrination then by force of intimidation.
ZH is our proof, as anonymity is our standard.
It must have escaped you that the EU elites are as Israel friendly as the the Obama admin: namely not.
They are ready to sacrifice Israel to their Arab/Iranian butt buddies, just not obvious enough for the useful idiots from leftists to libertarian.
They are supportive only as much as necessary to keep up the appearance.
ps:
"If they (Jews) all gather in Israel, it will save us the trouble of going after them worldwide."
Hassan Nasrallah, Hezbollah chief of Lebanon
nah, got you.
Another Conspiracy Fact. Where's all those do-gooder fraudulent global warming trolls and Europhile socialists now?
This is proof global socialism is just another fraud to enslave humanity. They're not enslaving mankind by killing socialism, you fucking idiots! The plan is to enslave mankind by killing democracy and free markets!
Where are the apologists to defend statism away? Ghordius? Bueller? Anybody? The truth is not subjective.
WHAT Europe Wanted in 2008 - To Use Global Issues to Extend Power
WHAT Europe Really Got (Now) - A Massive Build-up in Debt Levels, and Transfer of Losses to Ordinary Citizens, threatens to dissolve European unity completely!!!
MORAL OF THE STORY - it doesn't matter whether you call yourself a Socialist, a Capitalist, a Communist, a Conservative, or a Liberal. When you are in debt, you sold your future down the drain.
FASCIST (government of, for and by the multinational bankster corporate monopoly) TAKE-OVER is foreign to American representative democracy and Greek direct democracy (government of, for and by the People).
The fascist are criminals to our democracy Justice System that the fascist criminals have overthrown by the criminal tools of corruption and theft: fraud, forgery, bribery, bunko and Ponzi schemes, cohesion, extortion, embezzlement, theft, murder, and any other criminal act to farther their control and power over the People.
The central bankster criminals have declared war on the Peoples of the World with fraudulent debt implemented and foisted on the leaders of democratic nations.
Fraud by representative debt on to the People was the bankster criminal plan from the beginning of the European Union and American debt. The central banksters have set out to bankrupt nations by debt and take over the country assets; to hell with the People.
The People have said emphatically and democratically “NO” to criminal fraud and debt. It is time to hold a Peoples Court for Justice and arrest and charge the criminals with their crimes. Seize all bankster multinational assets until the end of the trials and forfeiture of the assets if found guilty. The criminals have destroyed your democracy set of criminal laws, so a Peoples Kangaroo Court is your only civil defense to restore your universal criminal laws. Don’t destroy your own civic property, seize their property.
uhh, yeah, those were all reasons for the EU in the first place.
Listen, these fuckers need your lots 'Consent', its what you are governed by, 'Consent', they need the acceptance of the population to do the things they do, and I dont think anyone has any idea just how quick folk are awakening to the deception right in front of their collective eyes. Laterally, they have to ask for your permission to do what they do, in your, name.
A law is a law is a law, maybe, what happens if you dont agree with said law, and 'Withdraw'? What about 'Statute'? How about 'Act'? Neither of which is 'Lawful', till you 'Agree' it is.
Ask the BBC, go and look it up, you dont have to pay fuck all to child raping, or protecting cunts, unless you 'Consent' to it.
They, the BBC, are some 150 million - 600 million quid missing depending where you read for this very reason.
You can only ever do what 'You' want to. You cannot be 'Forced', if you were and didnt agree, you were under 'Duress', and that my friends cannot be upheld in a 'Court Of Law'.
You, just 'You', are the one 'You' have been waiting for, all 'Your' life.
Now use it, 'Withdraw And Remove Your Con-Sent'.
Then Hang, or Skin the cunts alive.
:-)
Imagine if every country in the world used gold as their money.
Now overlay this universal currency - with the position in this article - that you can't have the same currency in countries with different levels of productivity & other differences without causing an imbalance.
This would be hogwash -
The labor rates should adjust to represent the value of labor in the common currency in each location.
Say in Germany you would earn an ounce of gold a week working a low skilled job - but in Greece the same job you would only get 1/2 an ounce.
The USA uses one currency in all 50 states - the guy washing dishes in San Fransisco is making $16 - the guy in Yankton South Dakota is making $8.
It seems to me the common currency could work if they would allow labor rates to adjust and float - my guess is the government is fucking with things to prevent any downward adjustments.
gwar5 said ... "The plan is to enslave mankind by killing democracy and free markets!"
I have OFTEN thought, during my travels aroun the world, that FREE MARKETS (and Free Market principles) are probably more important than "Political Freedom". We all hope for good leaders. But truly good leaders are very rare - it doesn't matter why type of Government you have. Not many politicians truly act for the "betterment of society".
On the other hand - Free Markets are tremendously important!! Because free markets give ordinary citizens the opporunity to sell their products for a fair price, to make good judgments about their prosperity and their future, and to preserve "opportunity" at a personal level. Once the system becomes corrupt, the whole mass of the population is doomed to some type of slavery. You can never get ahead, because the "wheels of power" are always out of your reach. Free markets are the best and fairest way to give opportunities to everyone.
It has been astonishing - to see how quickly places such as the USA, UK and Europe have completely ABANDONED the principles of free markets. As soon as there are some real economic troubles, a build-up in debt, and a threat to existing power structures (i.e. banks) ... free markets are thrown completely out of the window.
Just amazing.
All of the pep talk that was given to kids in school about the benefits of the "free system" was just so much gibberish.
I agree with your thoughts up until the point where you said the USA,UK, and Europe have completely abandoned free market principles. I submit that the were never there in the first place. If they were we wouldn't have a debt based currency enslaving us and we would never have had a PPT in the first place. The "free" market has always been a manipulated market.
you raise a very good question.
did a Free Market ever exist? Or was it always an illusion?
Perhaps if the current crisis has any value, it will be for ordinary people to ask ... "Are we really free?", and "Who/What really controls our destiny?"
How about this then for use of the 'English Language',
You know when you get pulled by a 'Police-Man'? In older more wiser times, 'Peace-Officer', he was told to ask you do you 'Understand'? You of course say you do, as we all did, now turn that one word around, what he really asked was, do you 'Stand-Under'? His 'Authority', do you 'Consent' to what he is now going to accuse you of.
Funny thing the 'English Language', every word has very many meanings, and its right there in 'Blacks Law Dictionary'.
Dont take my word for it, it works the same way no matter how hard you try to prove it doesnt. 'Go-Ogle It'.
;-)
Meet your STRAWMAN.
https://m.youtube.com/watch?v=ME7K6P7hlko
Blacks' sits on my coffee table and I even read it on the crapper time to time. The list of terms with prefix 'REG' is astounding.
There is no way that Tsipras backed off from cowardice. I'm now confident he was bribed for an amount of money that would make any sad person smile. He sold Greece on the auction bloc.
These constant financial negotiations don't seem to be going anywhere fast. And aren't very effective. And there are all types of barriers to success on one small deal in a far more complex bigger picture. Is this the right path for future success? It looks like the IMF may finally be figuring something out. Is there enough time left?
This time around the IMF and Germany seem to be unwilling to go out on the limb to take primary ownership for the consequences. If a global visionary could break down all the old barriers and build new bridges it might make things go quite a bit more smoothly. This sounds simplified and cliche. To use an analogy instead of retracing old ground over and over on these negotiations again they could totally rethink the approach. Think outside the box and take a chance. Solve the biggest problem to alleviate all the smaller ones. Find a cheerleader for the new charted course. And to use a TV equivalent saying Save the Cheerleader Save the World. Who could be the hero? Is it possible to change course and stop a global collapse? If so who will step up and be the cheerleader and potential hero?
This course change would certainly stop everyone from having to expend so much energy to constantly put out the fires. The current path doesn't seem to be going anywhere except kicking the can down the road. When someone or group steps up they'll have to go out on a limb, target the main disconnect and reconnect, correct the path, get everyone back on track and solve the whole thing. I'm positive the details would be complex considering the current predicament. And I certainly wouldn't envy those that step up to the challenge.
After all what's the overall goal? It must be to reach an accord. Now is that just another temporary accord or a permanent one. How about one that lasts for an Eon? Accord for an Eon. That has a nice ring to it. It also reminds me of an accordion. Invented by a German but named so and patented by an Austrian according to Britannica. And the last tune I heard played on an accordion during Oktoberfest was Roll Out the Barrel. You may not like the accordion but it plays sounds harmoniously and prevents disharmonious playing. So it doesn't require tuning and anyone can play it.
Germany is in a tough position now. And the German people will soon feel the pain on the current course. But it took a humble accordion inventor to make a significant contribution to music. And by doing so creating the ability for anyone to play music harmoniously. We'll have to wait and see when or if there is someone that can contribute to a harmonious Accord for an Eon. The Germans have made many great significant cultural contributions of their own. Will someone from Germany or with German heritage step up? This would certainly put a significant feather in their cap.
Always check the source. This one come from AIG, company of thieves which I myself had a bad experience with long ago. It is of course US based international company and its in their interest to point finger at the others. But check the last years of deficit/surplus difference between US and the EU and you may start to see elephant in the room.
One more,
You know when you finally wake up and realise everything you ever held dear, close to your heart, was a lie? From the things your own mother told, and then taught you, right through 'School', to your now hated work position? You were told 'Exactly' how you should conduct and carry yourself so you would be a 'Valuable Member' of the 'Community', and found owt it was a mother fucking fabrication of proportions not many can get their heads round, you know that point?
I do, they didnt stop just there the filthy child molesting bastards of a pox on humanity what they are. The utter cunts 'Co-Opted' the very words we speak and typing into the ether here. The filth what they so surely are use your very words right back atcha.
The only thing you can do is withdraw your consent and live as you can till this breaks down, which it will. I say this all the time, but its as true as the nose on your face. There are no 'Political Solutions' to our collective problems folks. This one is on us, you and I. And its nearly here.
This path we are on was pre-determined, I wish you all well. May the very good prevail and those that warrant it be skinned alive like the fucking shit they are, just like you Tony B.Liar, I know you read here, and I hope you get the end you deserve, you deserve nothing less, you aint even worthy of being a cunt son. All you are is a piece of shit on the shoe of the walk of life, and nothing more. And I really do hope you meet 96....
:-)
I miss your old avatar brother... cheers mate...
Blame me daughter SGN2, it was my 4th birthday present. I hope in another time you and I can grab a beer or two.
Take care fella, best to you and yours, and lets prove, we is.
96
:-)
I bet you have great Road Rage. :)
Betcha I made you think Meat Hammer my friend.
I only have beef with those that 'Warrant It'.
;-)
I love your tirades, 96. They always put a smile on my face. If you ever get your hands around a banksters neck, I want to be there to see it.
Their plan is not working out very well. Their problems will only get worse. Their insistence on trying to hold the EU together will only cause more suffering and hurt their cause (centralized government) for many years.
It's all good if you don't live under their yoke.
before the end of this year red cross will provide food and medical assistance for the somali greeks
Connolly has an axe to grind. One thing he conveniently neglects to mention is what empire he is in favour of, because like it or not, the human race will always have an empire. Of course my question is rhetorical: it's clear he has no problem whatsoever with the US-UK Axis ruling the world and abusing its citizens through its propaganda machine and its financial and military terrorism. But not Europe. So Europe needs to get stronger militarily, financially and politically in order to stand up to this Anglo-American behemoth that has straddled the globe for over 200 years, bringing misery in its wake? Great. That's exactly how it should be. Did you really think Europe could walk up to Anglo-America and wave a candy floss in its face and hope to see it collapse? No. Then stop pissing me off with these shit articles promoting Pax Britannica. If a stronger Empire is to emerge it will have to fight dirty until the old empire is finally dead. Only then, in the future, when the new European empire is finally in place, can we judge whether or not it will be a friend of the people or not. I say it will. One thing I know, Connolly's alternative, Anglo-America, was never a friend of the people - its own, or others. An increasingly powerful Europe will see off what's left of the Anglo-American empire, and good riddance. With sincere condolences to Bernard Connolly who will break down in tears when that day comes.
What the 'cabal' wants is far greater than the 'currency' or the material items such as infrastructure.
The 'cabal' seeks a much larger prize, larger than the globe itself.
If you look at the big picture, the 'cabal' is so very much backed into a corner.
The 'cabal' has one last chance to at least hold on to their precious currency, and this 'chance' has to
do with something IN, or UNDER the area of Greece. Perhaps even above the area of Greece.
Think of what the 'cabal' seeks is an anomaly. An anomaly held secret for thousands of years or more.
Fear? Year Zero type of event?
It might not be as easy as the author puts it. Greece's Tsipras woud have cut his left arm to stay in the euro (he actually just did that, since the left wingers of Syriza are rebelling), but Italy is another story.
The Italians would be more than ready to exit the financial shitshow the euro has become. The only pro-euro party is Renzi's. Its days are now numbered.
Schäuble was a bit less cryptic in an interview with the NYT in 2011:
“We can only achieve a political union if we have a crisis”
www.nytimes.com/2011/11/19/world/europe/for-wolfgang-schauble-seeing-opp...
Jesus Christ..... These people are mad. And to think there are those that defend them.
Good catch! I already knew that Germany knew that Greece would never pay its debts back back when the first bailout was going on, but that just seals it. This is a classic case of "Problem, Reaction, Solution."
Banks, not tanks, BITCHEZ!
The Greek people have voted for incompetent governments for a very long time. As a country, they think like consumers, not "builders". Of course they will always live past their means.
This world war is monetary.
Last one.
NSA, GCHQ, you know when you 'Are' going to be held to 'Account', soon, and you will be mind, you know when you try the old 'Just Doing My Job'? You know that bit? You will, whether you agree or not, because you see fellas, neither us nor you caused these problems we live under, but you carried on anyway for the pay-check, or the feeling of superiority over others, or whatever it was that made you conduct yourselves against your fellow man, you know that bit?
Dog himself cant help you. I may post like a cunt, but I had to learn this shit, and I will be right by your side when they hang you for the ignorance you could have easily got rid of yourselves. Doing your job is never a wise thing. Look back, and look back in anger.
Nothing personal you see, just 'Common Law' some fucking 800 years old eh?
;-)
Death of a Nation.
If only King Cyrus the Great were here..he'd kick some ass.
So, in other words, WWII was just a prelude to WWIII, because history is condemned to repeat itself. It may not be Hitler trying to take over Europe, but Europeans haven't forgotten the German devistation. And, as the countries fall, one by one to the German hardline lenders, we'll have to watch until France enters into the mix. Then all hell will break loose. The Western European countries do not have the same cultures or work ethics as the Germans and the Germans will not be able to capture it, just like in WWII.
Smells like a Rothschild scheme to me, start currency, bankrupt member nations, scoop in and dissolve borders to make a super state.
Fuck it, very last one and I'm off to bed.
You are never on your own folks, somewhere, very close we are all the same, pissed off, and upset where we are heading, if you have kids like I do, you feel for them for us lot not doing what we could have because we either knew not enough, or those that could help us in that truth or thought you were the only one who knew shit like what we have just read and felt like I did once, helpless.
No you are not. Just this once, for the sake of us all, lets stop this. It started in Greece, lets stop it before we cant. You are not, and never will be be-holden to 'Debt'.
Thats the law. You lot on ZH are some of the best I have seen, keep it up.
You are Legion, and you will, know this.
Nite nite
;-)
Koo’s term “Balance sheet recession,” is absolutely accurate. In medical terms, once the problem is diagnosed, then a proper medicine can be applied.
With a balance sheet recession, the debt instruments are recalling their former credit at a high rate. New credit is not coming on line, and hence the drain rate causes “recession.”
The balance sheet is a double entry ledger, and its mechanics and the type of money it creates has predictable outputs.
Real Estate Bubble in Japan , led Koo to understand the phenomenon.
See this movie (below) for a real understanding about Japan, and to realize that the “credit” bubble was ON PURPOSE, and it allowed BOJ to get into full alignment and bring Japan fully under bankster control.
Prior to BOJ causing the purposeful bubble, Japan pursued a policy of directed industrial credit:
(Please also note: Japan was so productive under the old system, they threatened to swamp the world with goods. Humans + Machines = lots of stuff. We are held back purposefully by a money system that has little to no relation to what laboring humans actually need.)
https://www.youtube.com/watch?v=p5Ac7ap_MAY
Balance sheet recession and depressions are a functional output of a private credit system. The system goes into positive feedback, blowing bubbles in asset prices, and then sheeple respond to the prices and take out new loans, further pushing prices. The stock market will go up forever! Real Estate is will go up forever, just flip that house! Once the bubble pops, it creates a rapid down stroke that looks like a sawtooth. The rapid collapse makes the depression even deeper as people freak out.
For debt instruments to be paid, the CREDIT that was formed needs to mirror exactly the DEBT that was formed.
BUT, the two do not mirror and cannot mirror. The debts grow and compound mathematically. The debts can vector away to another economy. The credit as money can vector away to another economy. The debt instrument and its credit are then DISALLOWED from returning to each other for destruction. This lack of mirroring to allow the subsequent extinguishing necessary, and required “legally” at moment of hypothecation, is FRAUD. The conceit is that money will be available to pay later. This is implied in the contract. FRAUD is baked into the cake as system design.
On their path’s the instruments or their credit may also shoot through exchange rate mechanisms, further distorting the mirror. Tranching debt instruments to claim even more money from the supply is further FRAUD.
Bets using derivatives to make even more claims on what people need to transact and work, is YET MORE FRAUD.
Credit formed after hypothecation may channel through oligarchy, where it is hoarded or spent on luxury goods. Oligarchs love to hang debt instruments on the population. It is something like giving your neighbor your mortgage debts, but you get to spend the new credit. It’s so good to be an Oligarch; something like being a KING.
Note that there has been virtually NO understanding from economists, or politicians about the nature of a balance sheet recession. Chicago School Monetarists think money is a neutral veil, yet it is the dominant actor.
THERE ARE TWO CHOICES available to the West, absent changing the money system. 1) HAIRCUT THE DEBTS. They have grown out of bounds relative to the money supply. 2) Spend Exogenous money into the base of the population.
OH NO. Bankers will never go for the idea of Exogenous Treasury Money. This type of money, preferably debt free, can then channel into productivity. On its path it then enters the banking system and destroys the debt instruments. In a balance sheet recession, counter spending exogenous money is proper.
Counter spending QE is not proper, it rewards Oligarchs in the Casino. Besides QE is endogenous money formed within the private banking system.
In the U.S. , according to the Congressional Budget Office, the gap is 1T. The lack of employing labor and activity due to the malformed Credit system is leaving a huge amount (1T) of lost wealth not produced.
So, what about Greece, with their high unemployment derived as a functional output of poor money system design? What huge losses are they suffering?
Factor in other inefficiencies, especially losses to rent seeking then the real tragedy is an economy probably at 50% of its capability.
It England prior to WW2, the economy was stalled. Once the war broke out, it jumped up to 3X, and stayed there despite being bombed. This extra activity was due to exogenous money being directed into industry. Maybe Greece is at 30%, hard to say, but it is way down as Finance is fully in its harvest phase.
In a rather circuitous manner we have the proof that banks are being funded
with public money, well, just because they caused the crisis,
while dim little countries get killed by spreads (which the ECB gains from)
and the closing of banks e.g. Greece.
It's as if they planned the Euro and the banking crisis in order to reap
the rewards that all looters want.
Varoufakis publicised his country's plight, but his game theory came up short, last week.
With no plan b visible, Schabbly went for the jugular. So, one way or the other,
Greece folds, and everything collapses, this year or next.
At least the Portuguese have colonies to escape to. I hear Angola is nice.
1) Varoufakis had a Plan B, but Tsipras refused to use it. That was why Varoufakis resigned. After the referendum the negotiations had gotten to the point where a demonstration was necessary, showing what would happen in the case of Grexit (it involved seizing the Bank of Greece). It was so hardball that the cabinet voted it down 4 to 2.
2) Everything collapses, but it takes a little time. This year Greece, next year Spain or Portugal; U.S. will be deep in recession during the 2016 elections which could be interesting.
3) Asian Investment Bank is now up and running. Within a year Asia will be able to transfer its dependence on exporting to the U.S., to China. For the first time in two centuries China will dictate the terms of trade with the Anglo-American alliance.
I've set in a good supply of popcorn. Next year I'll plant the stuff.
You have a problem with your #3 there. All of China's markets are collapsing due to loss of confidence, fraud of re re re re ad infinitum rehypothecation of commodities, margin debt, and ponzi in the property/construction sector, and finally due to the Eurozone, the BRICS and the US falling into recession.
China is fucked and won't dictate shit.Nor will the US; they'll be too busy in '16 fighting over the presidential circus for who gets to be Captain on the Titanic.
It's all imploding, just not fast enough everywhere. But it will.
A.I.G.: Whiter Shade of Enronhttp://www.nytimes.com/2005/04/03/business/yourmoney/aig-whiter-shade-of...
Enron and Shell Get Taxpayer Money to Develop Controversial Pipeline in Boliviahttp://www.culturalsurvival.org/news/enron-and-shell-get-taxpayer-money-...
Shell Game
http://www.forbes.com/forbes/2002/0107/052.html
I predicted the wholesale destruction of the European Union when it was formed, but I did not document my prediction until I challenged a resident Economist on that very fact about 9 years ago now. The resident Economist disagreed with my prediction back then, but has changed his tune since I reminded him of my prediction years ago.
He is working and I am not. His predictions were wholeheartedly incorrect, and mine was spot on. Methinks, the entirety of the Corporation of the USA is next on the Economic hit list parade.
After all you have seen you think there is a chance that honesty will not be punished and delusions rewarded?
If the criminal banksters were prosecuted for American mortgage fraud back in 2000 the criminals would have been in prison instead of destroying the economies of the world with their New World Order.
According to Soviet dissident Vladimir Bukovsky, "In 1992 I had unprecedented access to Politburo and Central Committee secret documents which have been classified, and still are even now, for 30 years. These documents show very clearly that the whole idea of turning the European common market into a federal state was agreed between the left-wing parties of Europe and Moscow as a joint project which Gorbachev in 1988-89 called our 'common European home'." (interview by The Brussels Journal, February 23, 2006).
The European Union was a "monster", he argued, and it must be destroyed, the sooner the better, "before it develops into a full-fledged totalitarian state."
"Meanwhile they are introducing more and more ideology. The Soviet Union used to be a state run by ideology. Today’s ideology of the European Union is social-democratic, statist, and a big part of it is also political correctness. I watch very carefully how political correctness spreads and becomes an oppressive ideology."
The best laid plans of mice and men...
They can scheme and wish for domination all they want, but it will never come to pass.
Professor Richard Werner: "They agreed with me that [the Euro] was going to be a disaster. I asked the chief economist of what was then the fourth largest German bank: “If you think so, why don’t you speak up about this? You are forecasting gloom and doom, but I don’t see any reports by you or your bank about it.” His answer was shocking: He said that there had been clear instructions from the boards of all the large German banks to their staff that no report on the abolition of the D-Mark and the introduction of a European single currency that was in any way negative was allowed to be published. The economists in the private sector had been muzzled by their bosses. The same I heard from journalists. So the German media only quoted the rigged reports from the banking economists."
Those german banks are part of an international cabal (as are the french and dutch).
Network of 147 Companies Controls Nearly 40% of Global Economic Value of Transnational Corporations
https://publicintelligence.net/global-network-of-corporate-control/
Golden Dawn, it is now or never.
Time to throw out the cabal and take back Greece for the Greek people.
Funny how AIG writes this report and then is nationalized by the US government and used as a front to bail out European and other banks...and US DOJ/ NY AG's hassle Hank Greenberg for a long time until they finally lose in court.
Nice business you had there, Hank. Pity that something had to happen to it.
Every cowardly representative in that parlaiment that voted for this "bailout" (robbery) should be dragged out of that building and tarred and feathered. Peak hypocritical, lying self interest. They should all be ashamed beginning with that idiot leader of theirs who could have gotten up and left the room at any point.