Fri 28 Oct 2011
Impoverishing EURO. EU War with the Robber-Banksters? EU Council President: “The Euro Always Was a Political Project Meaning a Loss of Sovereignty for All”
LATEST The New York Times 29 Oct. 2011: EU is asking China for financial help - giving it its so far biggest opportunity to exercise financial clout in the Western world. But the Chinese are cautious and demand significant concessions, including financial guarantees.
Summary: The ongoing worldwide economic crisis was created by the White House, Wall Street´s dirty derivative trading and the US Federal Reserve´s and US government´s bail-outs with taxpayer money. This pattern has spread to Europe as well - by means of e.g. Goldman Sachs´undercover loans to many EU countries who have in return given Goldman Sachs their sources of revenue as collaterals, thus only having decreasing tax income and austerity measures, which cause revolutionary conditions, at their disposal to repay their enormous debts and meet their social obligations.
As time is passing by, it becomes more and more evident that the EU´s NWO-political but economically impossible euro project is aggravating the economic crisis worldwide through bail-outs with taxpayer money of both banks and entire defaulting countries - Greece, Portugal and Ireland first and foremost - Italy, Spain, and others to follow suite. The thought of excluding such countries from the euro is taboo, because the euro is the glue to make countries of the unnatural EU bloc adhere to each other - and to make them manageable tools in the hands of the New World Order Illuminati. The euro countries are thus barred from using the usual tools to adjust their currencies: devaluation and interest hikes.
In that situation EU Commission President, José Barroso, is babbling about creating growth at the same time as he is calling for combating harmless CO2, which he untruthfully blames for an inexistent,”manmade global warming”, to be paid for by poorer and poorer EU taxpayers. He even lets the Royal Society of London fight this windmill by means of toxic chemtrails - paid for by taxpayers - and by supporting Rothschild´s climate echange trading of CO2 as if this gas of life were shares. The consumers pay over their energy bills. Furthermore, he in Copenhagen, he accepted our money is to be sent to loyal corrupt LDC dictators and their banks by Rothschild´s Global Environmental Facility, the biggest bank on Earth, and the fraudulent European Investment Bank, as “climate mitigation”.
Moreover, Barroso & Co have been praising the NWO-engineered “Arab Spring” and in particular the “humanitarian” attack on Africa´s richest country, Libya,bombing it back to the Stone Ages by mean of expensive taxpayer-paid bombs (so far the Libyan war has cost Denmark 500 mio. kroner), killing thousands of civilians and creating enormous waves of refugees to the EU, which, of course keeps them, invites their families and nourishes them (besides an additional 56 mio Africans + their families by 2050) - most of them being unskilled labour. This is due to the very costly secret Euromediterranean Process/the Union for the Mediterranean - also paid by European taxpayers to an increasing extent. I have time and again documented these statements on this blog. Against this backdrop, Mr. Barroso & Co even speak of spending more money on refugees and Roma over the next few years.
So, where does this unelected, amateurish eurocratic European government , the EU Commission, imagine the money to come from for all this totally unnecessary, political bogus? From growth!! And from “Eurobonds” they say, forgetting that no sensible investor will buy such junk paper based on a defaulting euro to be compared with the US subprime mortgages which triggered the crisis in 2008.
And who has the money for the underlying consumption? Only the more and more well-paid eurocrats - and although their number is big , they are not enough, and they probably know the risk too well. The NWO is a scandal - and it is a scandal that the Europeans allow it to develop. However, the Greeks, Spaniards, Italians; Portuguese are about to have had enough: Riots and general strikes are emerging and persevere.
EU Pres. van Rompuy does not conceal the purpose of the euro, which will probably only default to be replaced by the world currency in preparation - and only when the last cent has been drawn out of the Germans´ pockets: “The euro began as a political project, and so it remains. We should not forget the basic reasons for this enterprise, which stem from that idea of peace, democracy and a social market economy which we call the European model. Those who say they want less Europe should be answered with more Europe! The crisis in the euro area requires us to do more, in terms of fiscal discipline. This will come about through the new Stability and Growth Pact, as well as the Euro-Plus Pact. But we need to go further, and we also need economic and fiscal integration …to demonstrate that we share a common destiny. We need to acknowledge that this means a loss of sovereignty for all, and not only for the countries in difficulty.”
No wonder that the Illuminati are fighting for their junk currency, the euro. Angela Merkel: “If the euro collapses, Europe collapses.” So, EU economic dictatorship is the solution – not abolishment of the Euro - until they are ready to sacrifice the Euro for the supercorporation´s “Bancor” and SDRs. But that day may come soon, acc. to former Fed Chairman, Alan Greenspan: “The euro is breaking down and the process of its breaking down is creating very considerable difficulties in the European banking system.” He added: “That stuff [eurozone country bonds held by banks] has always been thought of as the ideal collateral and now it’s getting highly questionable. There is a growing cleavage in the economic and analytical and banking circles as to whether the euro should be 17 countries with very significantly different cultures … That cannot go on,” he said. “The general feeling out there is of a lull before the storm”.
Even Mr. Barroso sees the crisis for Italian and Spanish bonds and the ongoing downgradings of these economies as a threat to the euro. The Director of the bank of England, Sir Mervyn King: Sir Mervyn said the Bank had been driven by growing signs of a global economic disaster. “This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever.” The “deterioration in the outlook” meant more “quantitative easing” (money printing out of thin air) was justified, the Bank said. So, where is the growth to come from? From a developing hyperinflation Ponzi scheme?
Who is profiting from thus impoverishing us and abolishing the middle class that made the West wealthy? The Daily Mail 20 Oct. 2011: A University of Zurich study ‘proves’ that a small group, a “super corporation” of 147 (Rothschild-controlled) mutually intertwined companies wields huge power over the global economy, controlling 40 per cent of its wealth.
How the EU makes you poor – and praised by itself, media, politicians and markets worldwide
On 27 Oct. 2011 EU leaders, their loyal media and the NWO markets were praising themselves for having “saved Europe” (from falling back to national currencies and “selfishness”) at the cost of EU´s taxpayer serfs:
Banks now have to raise their core capital quotas to 9% (balance of a bank’s capital against its loans and investments). This is a reinforcement of the Basel II decision of no less 8% core capital, which due to the Mark to Market rule can make a fund or a bank like Bear Stearns technically insolvent from day to day in an uncertain market. At least this will make banks less willing to loan money for uncertain investments, as will the fact that the banks were ordered to write off 50 percent of Greek debt - roughly 100 billion euros. It will reduce Greece’s overall debt to 120 percent of gross domestic product (the EU allows 60%). You can be assured that this money will be taken back from bank customers.
EU leaders expanded the EFSF to almost a trillion euros from its current level of 440 billion. But it has yet to be decided how this “lever” will be achieved. Be assured that the money will be paid by taxpayers and consumers.
EU “growth”: The dog is eating its own tail.
Did you think the enormous sums to save defaulting states and banks would mean more investments and jobs? Wrong! They create poverty and diminishing demand through increasing taxes and austerity measures! The sums are meant to repay loans and/or even just interest to the bank giants who were so smart as to create the worldwide economic crisis with taxpayer money to enrich themselves. They could/can do so due to their ownership of the media and “our” politicians and here and here – as well as the EU and here and here.
EU Press Release 21 Oct. 2011: In the euro area the government debt to GDP ratio increased from 79.8% at the end of 2009 to 85.4% at the end of 2010, and in the EU27 from 74.7% to 80.2%. In 2010 the largest government deficits in percentage of GDP were recorded in Ireland (-31.3%), Greece (-10.6%), the United Kingdom (-10.3%), Portugal (-9.8%), Spain (-9.3%), Latvia (-8.3%), Poland (-7.8%), Slovakia
(-7.7%), France (-7.1%), Lithuania (-7.0%) and Romania (-6.9%). The lowest deficits were recorded in Luxembourg (-1.1%), Finland (-2.5%) and Denmark (-2.6%). Estonia and Sweden (both 0.2%) registered a slight government surplus in 2010. (The EU allows 3% government debt to GDP ratio).
The ongoing worldwide economic crisis was launched by the Wall Street, viz. Rothschild´s agent, JP Morgan´s, derivative trading with subprime mortgages and Pres Bill Clinton to pave the way for the chaos from which the Illuminist NWO and here one world government is to save us – by Fed and US Treasury bail-outs – and now bail-outs of states. The Euro crisis is due to fraudulent South European governments making obscure deals with greedy Goldman Sachs – a Rothschild agent – behind the back of the EU?? More here. But as the crisis develops it becomes more and more obvious that the EU is playing the principal role in defaulting all of Europe – wittingly or unwittingly. The “father of the Euro, Robert Mundell”, saw the euro just as an intermediary to the one world global currency.
The forces that constructed the Euro (US Council on Foreign Relations with its Wall Street bosses, the OSS/CIA, The Ford and Rockefeller Foundations) as a political glue to create an EU Unity block are now dismantling it – maybe soon, maybe only once the last cent has been drawn out of the Germans´ pockets.
Now the economically impossible euro-construction needs artificial respiration: 1. Further plundering of taxpayers beyond the mendacious CO2–blackmailing, paying for poisonous chemtrailing, NWO wars and bail-outs of banks as well as an increasing number defaulting euro-countries falling victims to their own irresponsibility and the Wall Street/London City bankster/FED/White House/NATO´s engineered global economic crisis. 2. The EU goes on forcing the banksters to bear the losses of their loans to the countries they have brought to default, because they helped embellish their debts so they were able to join the euro. Furthermore, e.g. Goldman Sachs took over the sources of revenues from Greece and other euro states, leaving them with decreasing tax incomes as their only revenues – besides austerity measures which are causing revolution–like riots and strikes. But will the banksters then react by refusing credits to defaulting countries – leading to the collapse of Europe? One is getting the impression that these forces are doing their utmost to impoverish us – to abolish the middle class through economic collapse.
The Daily Mail 28 Oct. 2011 brings this Street Poster from Athens Note the EU stars around the swastika.
EU Council President van Rompuy explains the purpose of the Euro: Total integration – abolishing national sovereignty
EU Council President, Herman van Rompuy 19 Oct. 2011: “The euro began as a political project, and so it remains. We should not forget the basic reasons for this enterprise, which stem from that idea of peace, democracy and a social market economy which we call the European model. Those who say they want less Europe should be answered with more Europe! The crisis in the euro area requires us to do more, in terms of fiscal discipline. This will come about through the new Stability and Growth Pact, as well as the Euro-Plus Pact. But we need to go further, and we also need economic and fiscal integration …to demonstrate that we share a common destiny. We need to acknowledge that this means a loss of sovereignty for all, and not only for the countries in difficulty.”
The Daily Mail 20 Oct. 2011: This is no ordinary woman. This is a woman with links to one of the world’s richest dynasties, Onassis. She has now fallen, like her country, on desperate times. She is a regular at a church soup kitchen in the Greek capital Athens and roots around in the overflowing garbage containers of the city for clothes.
But the EU is just delivering the chaos to be changed into order by the New EU-World Order by economic collapse
ANSAmed 20 Oct. 2011: Greece is getting ready to experience its second day of utter paralysis due to a 48-hour general strike called by Greece’s largest unions to protest against the government’s latest and more stringent austerity measures. Yesterday over 100,000 people took part in street demonstrations in Athens, where about 300 hooded youths gave rise to urban guerilla warfare in which about 50 people suffered injuries and major damage was done to Syntagma Square (where the parliament is located) and adjacent streets. No public transport, ferries and airlines are running, and public and private sectors employees are striking, as are the professional classes and supermarket employees. Rubbish collectors are also taking part in the strike. Schools and hospitals are closed, with only emergency services guaranteed.
The Daily Mail 20 Oct. 2011: “University of Zurich study ‘proves’ that a small group, a “super corporation” of 147 (Rothschild-controlled) companies wields huge power over the global economy, controlling 40 per cent of its wealth. The study is the first to look at all 43,060 transnational corporations and the web of ownership between them - and created a ‘map’ of 1,318 companies at the heart of the global economy. All own part or all of one another. Most are banks - the top 20 includes Barclays and Goldman Sachs.” Comment: Both the banks mentioned are Rothschild Banks.
The EU´s austerity measures create poverty, stifling consumption and growth. Therefore, Greece is now an LDC dependent on temporary clinics for migrants and refugees for her citizens
EUObserver 6 Oct. 2011: Europeans and Westerners in general are accustomed to being asked to donate money to emergency aid NGOs to tackle medical humanitarian crises in Africa, Asia and other parts of the developing world where governments are too unwilling, poor or incapable to be able to help their own citizens. It is unheard of for aid groups such as Medecins Sans Frontieres or Medicins du Monde to have to take over the role of providing basic medical services from normal state or private providers in a Western country. Butthat is what is happening in Greece now.
BBC 26 Sept. 2011: The collapse of the Euro is imminent.
Angela Merkel: “If the euro collapses, Europe collapses.” So, EU economic dictatorship is the solution – not abolishment of the Euro
Deutsche Welle 7 Sept. 2011: Germany’s constitutional court ruled Wednesday that the country’s contributions to a European Union bailout fund for Greece were constitutional. However, the judges did say parliament’s budget committee must have a bigger say in any future bailouts. The decision will likely make it more difficult for Germany, and therefore Europe, to move quickly on future eurozone bailouts. Said Chancellor merkel: “The euro guarantees a unified Europe”.
EU Press release 29 Aug. 2011 , EU Commissioner Olli Rehn: There are currently rather high expectations on how eurobonds could help solve the debt crisis by pooling the debt issuance of euro-area member states. However, it is clear that eurobonds, in whatever form they were to be introduced, would have to be accompanied by a substantially reinforced fiscal surveillance and policy coordination. This would have unavoidable implications for fiscal sovereignty, which calls for a substantive debate in euro area member states to see if they would be ready to accept it.
EUObserver 24 Aug. 2011: Alan Greenspan, former FED chairman: “The euro is breaking down and the process of its breaking down is creating very considerable difficulties in the European banking system.” He added: “That stuff [eurozone country bonds held by banks] has always been thought of as the ideal collateral and now it’s getting highly questionable. There is a growing cleavage in the economic and analytical and banking circles as to whether the euro should be 17 countries with very significantly different cultures … That cannot go on,” he said. “The general feeling out there is of a lull before the storm.”
EUObserver 16 Aug. 2011: The European Central Bank last week spent a record €22bn buying euro-zone government bonds in a bid to prevent the eurozone debt crisis spreading. It shows the scale of the challenge faced by the bank in keeping down the borrowing costs of Italy and Spain, the eurozone’s third and fourth largest economies. Eurobonds would lower the borrowing costs of struggling eurozone countries but raise the costs of Germany and other countries currently considered a safe bet by markets – something that many politicians in northern better-off eurozone countries balk at.
EUObserver 4 Aug. 2011 European Commission President Jose Manuel Barroso has indicated that bond market developments on Italy and Spain threaten the very survival of the euro. The top official in a letter sent to the Heads of State or Government of the Euro area on Wednesday (3 August) and made public by the commission on Thursday said new bailout measures agreed by the 17 eurozone countries in July “are not having their intended effect on the markets”.
The British Pound
The Telegraph 6 Oct. 2011: Sir Mervyn said the Bank had been driven by growing signs of a global economic disaster. “This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. The “deterioration in the outlook” meant more “quantitative easing” (money printing out of thin air) was justified, the Bank said. Financial experts said the committee’s actions would be a “Titanic” disaster for pensioners, savers and workers approaching retirement. Critics of the policy say it pushes up inflation and drives down sterling. Michael Saunders of Citigroup, forecast that there could be as much as £225 billion more QE by next year. Inflation now stands at 4.5 per cent, and the Bank admitted it is likely to hit 5 per cent as soon as this month.
The EU imposes ever bigger austerity measures on its populations in order to save its political, but economically impossible project, the Euro, the basis of the total pooling of all political power with the unelected EU government, the EU Commission. This is to say the EU Commission which has been given the “power of automaticity” to de facto alone decide the economic policy of the EU Zone by means of the “European Stability and Competitiveness Pact” and the “European Semester”. This project excludes devaluation and interest hikes by defaulting countries – who thus have to be rescued by the wealthier countries – which will in the end make e.g. the EU dairy cow, Germany, default, too. The EU sees “growth” as the expediency from this downward spiral! But who has the money to buy and thus create that growth? The EU austerity measures make growth more and more impossible – a move which can only be intended.
Nevertheless, the incompetent Eurocrats carry on with their daydreaming which failed more and more when money was much more plentiful than now: EU Commissioner Laszlo Andor 18 Oct. 2011: “The EU Social Fund after 2013 should grow by at least 7.5% — and thus account for at least 25% of cohesion spending — that is, at least €84 billion for the seven-year period 2014 to 2020. The proposal also widens the scope for social inclusion by putting more emphasis on helping the most vulnerable by setting investment priorities for promoting social inclusion and combating poverty, including: 1. integrating marginalised communities, such as Roma; 2. combating discrimination; 3. improving access to services; 4. promoting social innovation, the social economy and social enterprises.”
These ideologically blinded Illuminists do not recognize that other ideological beliefs like Islam and the Roma culture are just as strong and blind as their own NWO–ideology and just don´t want to be integrated – not to mention assimilation.
EurActiv 20 Oct. 2011: Mr. Barroso aims at re-launching growth and job creation, a proposal to raise €50 billion for projects in the transport, energy and telecoms sector, using so-called “project bonds” (impossible to sell against the backdrop of the defaulting euro) to fund €50 billion worth of investment from the EU’s 2014-2020 budget. Not even Alan Greenspan believes in the castle in the air called eurobonds. Poor German taxpayers – or will the Communist wing of the Illuminati “Occupy Wall Street” and here complete the chaos through revolution?
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