Search Results for “pres. clinton + fannie mae + subprime mortgages”.


Summary: The FED prints money without end. Now, however, it is enough for the Chinese: they no longer want to buy dollars and soon not even  U.S. debt any more - and they can settle their oil trade in yuan. This means the great collapse of the U.S.: Its great power status is based on the dollar as a reserve currency (petro - dollar).

A former senior FED official has apologized for the boundless money printing. He recognized the program as the largest back-door Wall Street money machine of all times.
The worst thing is that even though the FED prints so much new money (85 billion dollars a month ) - lending fhas fallen, as the banks use the cheap money for their own speculations in government bonds and gold - and do not direct the money into the real economy. The same is happening in Europe.

It’s good times for the banks: After the prescription by the Clinton administration of the “subprime” mortgages, JP Morgan Chase was  the author of the CDO trading with these mortgages - and earned outrageously on it. It got taxpayer bailouts - and continues trading derivatives. A new bubble has been created that can explode at any time. Worldwide, there are interest derivatives worth at least 441 billion dollars which may have to be paid by the taxpayers and savers.

J.P. Morgan Chase Chase now has to pay a symbolic € 13 billion for the scandal that sent the whole world into unemployment and increasing poverty - and broght the bank  billions if not trillions of dollars.
JP Morgan Chase has admitted to have deceived the world. Half of the 13 billion dollars will be paid by the taxpayer. It is no punishment, merely an agreement with the government that the Bankers have in their firm grip as bribed lackeys, anyway. Of course, the defrauded investors will not get a cent.

Rothschild´s central bankster robbers have a long list of sins with lies and deceit in which they channel the money of even the poorest of the world into their own pockets - especially JP Morgan, Goldman Sachs and the U.S. Fed, which has cruelly stolen the values ​​of the Americans. It is no better in other countries subjected to  a Rothschild Central Bank. Those who do not have such a bank are “rogue states”, and they are being imposed Rothschild central banks through wars by the U.S. politician lackeys .

The only respectable and reasonable financial investigator, Bill Still, says for the umpteenth time there is only one solution: states must cease to borrow from the central banks, even print their own money - and prohibit banks from lending money they do not have. Abraham Lincoln and John Kennedy did that and were shot.

EU politicians and states are looking for new taxation objects to save their impossible EU-project, meaning  a hefty bloodletting for savers and taxpayers.

Now,  EU Parliament President Martin Schulz desperately wants to solve the job and debt crisis with new debts - although that proved a catastrophic cure over the past 6 years. But neither the banks nor the enterprises want such credits.
Because  EU/IMF credits are associated with increasing austerity measures need is increasing worldwide up to the point of general uprising of the peoples.
Martin Schultz knows and says a project or idea cannot exist if peoples turn their backs on it. He says that the existence of the EU is threatened. Be assured: The EU will not cease without having drawn the last cent out of our pockets - and the last cartridge of Eurogendfor has been fired - against us or the Illuminati. A gigantic Western social and economic collapse is planned so the elite can make good on its motto: Order out of Chaos (which they mus first bring about).

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The new junkers come from all over the world. The investors are the new feudal rulers of Europe. They rule with the knout, the debt-whip. They are blowing the horn for hunting Europe. They fire real bullets. Who presents the ECB policy as one-sided, acts “nationalistically” said Draghi. The ECB officials play the role of powerful political commissioners. Their speech is to make the “investors” - i.e. the big banks - happy.
(Deutsche Wirtschaftsnachrichten 22. Nov. 2013).

Desperate EU parliament president, Martin Schultz:  “When people turn away from a project or an idea, then at some point it will come to an end. The survival of the EU is threatened” (Deutsche Welle 4 Febr. 2013).

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Documentation

First I ask you to see this video which explains  the Global Union of the united  Rothschild/Rockefeller Syndicate. Their tools are their Freemasons.

Something  threatening is coming up in that connection: the Illuminati are letting us pay for their introduction of their one world dictatorship.

EU Commission Pres. José Barroso declares the EU an empire!

Destroying the USA
Activist Post 21 Nov. 2013, Michael Snyde
r:  China just dropped an absolute bombshell: The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves (now ca. $3.66 trillion, mainly US dollars”). Many U.S. analysts are suggesting that China could also soon stop buying any more U.S. debt.

Now China has apparently decided that it is time to let the dollar collapse. The Shanghai Futures Exchange (SHFE) may price its crude oil futures contract in yuan, its chairman said.
The false prosperity that most Americans are enjoying today will soon start disappearing.

Bill Still has got the cure for this petrodollar crisis, which usually triggered wars: 1. Forbid states making debts by borrowing their money from the central banks, which print it out of thin air.  2. Forbid banks to lend money they don´t have (fractional reserve). For the borrower is the serf of the lender (Wall Street, London City, central banks)

If you have not seen Bill Still´s film, The Moneymasters from 1996, you can  see this fundamental video here:

What these criminals have done to the world after 1996, Bill Still has described here.

Money_masters2

“The purpose of this financial crisis is to take down the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority [GMA - run directly by international bankers freed of any government control] -a planetary financial control organization”. And in consequence:

“The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… Their secret is that they have annexed from governments, monarchies, and republics the power to create the world’s money…” .- Prof. Carroll Quigley renowned, late Georgetown macro-historian, author of Tragedy and Hope and Bill Clinton´s mentor.

Instead, this biggest wealth transfer ever is going from the pockets of American (and) all citizens of the world underlying a central bank and its affiliates into the pockets of the Illuminati.

How the FED´s money printing out of thin air, while increasing sovereign debt immensely, went into the pockets of the bankster Illuminati

Andrew Huszar Nov. 11, 2013: I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin quantitative easing as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.

Time Business and Money 13 Nov. 2013, Andrew Huszar: If you compare the first day of trading in my program in January of 2009, and the last day of trading fifteen months later, the overall amount of U.S. mortgage lending had actually decreased despite the fact that the Fed had spent $1.25 trillion trying to stimulate mortgage lending. In fact, if you look as late as 2012, U.S. mortgage lending was at a fifteen year low. The banks weren’t making more loans. Instead, they were often investing their extra money into securities to take advantage of the rising tide of asset prices in the market.

Federal-Reserve-Balance-Sheet-425x255Federal Reserve Balance Sheet

Now the world is inextricably interwoven in the web of Rothschild´s disastrous  central banking system
Infowars 15 Nov. 2013
: Just the suggestion that the Fed would begin to slow down the quantitative easing a little bit was enough to send the financial markets into panic mode a few months ago.  If the Fed does decide to permanently stop quantitative easing a big crisis will occur.

How the Rothschild bankers pay a song for the biggest theft in history - after that of their their sister, Rothschild´FED.
Deutsche Wirtschaftsnachrichten 19 Nov. 2013: According to the Washington Department of Justice, the U.S. bank J.P. Morgan Chase will pay $ 13 billion to settle their dispute with the government about dubious mortgage business. The sum is the highest that has ever been paid by a single group, the Department said .

Under the agreement, J.P. Morgan acknowledged to have deceived the public to a large extent, as the New York Attorney General said. Employees had knowingly sold to investors products that were of lower quality than specified. However,  no manager is apparently held accountable for the (illegal) manipulations.
It does not count as a punishment but as a deal with investigators. Because of the cheap money,  the bank can easily make the payment. U.S. taxpayers will pay half the sum, because the payment of the tax is deductible. The payment goes to the U.S. Treasury.

Michael Snyder of the reputable blog “The Economic Collapse”: US economy is like a dying cancer patient: The disease has spread all over the body. If you kill the cancer cells you kill the patient. There are 441 trillion dollars of interest derivatives on the world market. He advises us to prepare for the coming storm. He is extremely concerned about the next 2 years. Poverty and looting will follow.

EU-Parliament President Martin Schultz: “The survival of the EU is threatened.”

Helpless Martin Schulz: The debt crisis is best solved with new debt.
DWN 22 Nov. 2013: The EU wants to help poor states with cheap loans. The banks would even be forced to give business loans, which they do not want to if they are not sure to get the money back.
The problem is that companies do not want any credit. Anyway, they have many favourable credit offers. The volume of lending in the euro zone has fallen by six per cent since the beginning of 2010, Schulz said.

Fall of rome

DWN 23 Nov. 2013: Thomas Cole, Course of the empire - Rome´s destruction.
The Vandals of the finance markets are brooding on the right time. Then Rome will fall and not just Rome.
“The states of the euro zone are in tremendous trouble. „Acc. to my opinion  they are  steering towards disaster.“
(Roger Nightingale, economist with RDN Associates)

Comment
Of course, the  public looted by the Rothschild/Rockefeller banks will have no compensation. The ridiculously small amount of damages go to the state which has been so large with taxpayer Bail-outs to JP Morgan & Co. This syndicate will give you negative interest rates - (in the US, too)- now also demanded by ECB boss, Draghi - for being able to speculate with your bank savings, let you as a taxpayer pay for their losses and then let you pay when the banks become insolvent. Furhermore they plan to cut a 10% one time tax from your ever so small bank account to service the Rothschild banks.

This is the Justice of Weishaupt´s/Rothschild´s New World Order. The Clinton administration ordered the banks to launch subprime mortgages, which were bundled and sliced into tranches by J.P. Morgan´s design , the so-called CDOs (Collateral Debt Obligations), so no one knew what he bought.  JP Morgan made an incredible lot of money on it. The same was true of  Morgan´s robbery of the Lehman Brothers Bank, which suddenly was technically insolvent due to the  Mark-to-Market rule of the Basel II, which  is a construct of Rothschild´s BIS, a tool, by which most banks can be driven into insolvency at any time.
They are up to having our societies collapse - in order to build their NWO out of the Chaos.

Gold-man sachs

These robber banks even managed to rob the revenues of states in dire strait - like the deal the Rothschild bank Goldman Sachs made with corrupt Greek politicians. However, Goldman Sachs took the Greek revenues from lottery, airports etc. for many years. Similar arrangements exist for several European states, so  it is said. And when the states cannot pay their due interest they have EU taxpayer bail-outs, whereby the debtor (and creditor) states are driven more and more into the morass of sovereign debt and dependence on Rothschild. Now, EU Parliament President Schultz wants to increase the debts and thus the dependence on his masters, Rothschild/Rockefeller. At the same time, the  EU demands more austerity - which means increasing poverty and social riots. For the euro makes devaluation or increasing interest rates, and so foreign capital investment, otherwise impossible.
But worst of all are the Rothschild central banks, which create money out of thin air, lend it against interest rates that they fix themselves - thus sending states into deeper and deeper debt  - and thus political dependence on Rothschild.

And the whole mess is protected by the evil Rothschild/Rockefeller structure called the EU - acc. to Nigel Farage a continuation of the USSR, ruled by former Communists wih a dictatorial, Communist program. Farage was not allowed to finish his speech in the EU Parliament, where truth is banned.

This is the recipe for raising of the masses against the EU. And no Eurogendfor will be able - or loyal - enough to handle this. The EU is building its own coffin.

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.

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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.

Dog-eats-own-tail

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).

Kissinger-order-chaosHorizontal PyramidThe 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.

Merkel-naziuniform2

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 Athensacknowledge 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. 2011Greece 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.

SupercorporationThe 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.

GreenspanEUObserver 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. 2011The 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 Barroso-surlower 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 Mervyn-kingnot having their intended effect on the markets”.

The British Pound
The Telegraph 6 Oct. 2011Sir 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.

Comments
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.

Euro-cracksNevertheless, 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?

Summary: The first phase of the financial crisis, which was launched by the Clinton Administration and cannibalistic Wall Street banksters was the impoverishment of ordinary people, who lost everything: houses, jobs, savings. And when they found no more prey, the banksters began eating each other.  We are now in the 2. phase where the odds are bigger: The ruining of endebted countries, who have to sell their assets to the banksters at basement prices. Thereby, the bankstersare enriching themselves once more on the backs of their fellow-humans, whom they forced to give their tax payer money  to enrich the banksters after the first phase (bail-outs) - and who now are about to lose their pensions and social states - as the banksters take over nations´ sources of revenues. The EU is a clever trap of the banksters, who are closely associated with the EU, the World Bank and the IMF. For the EU binds their minions, “our” politicians, to a pact which is to pour money into the bottomless holes of the PIIGS countries, giving up the economic sovereignty of their nations entirely.  So in the end, the well-to-do EU countries will also be depleted of money which never flows into the economies of EU states  - but is just used to pay interest rates to the Wall Street vultures, who thus generate more debt and poverty. As the most suffering countries realize this construction   their populations are becoming more and more rebellious. However, the “International Community” is prepared with gendarmerie and domestic military forces to quell regular rebellions.

Goldman Sachs gave Greece a secret loan to enable her to join the euro.  However, in return Goldman Sachs took Greece´s sources of revenues - dooming her to default at the cost of the EU.  Greece is worst hit - but similar arrangements are said to have been made with the other EU countries.

For example this year, global capitalists are slated to acquire 84 percent of OTE, the Greek telecommunications provider. In addition, private bankers will assume 66 percent ownership of the Greek Postal Savings Bank; 51 percent of the National Lottery; 60 percent of the Salonika Water Authority; 68 percent of DEPA, the natural gas utility; and 25 percent ownership of the ports of Piraeus and Salonika.
Next year, the capitalist grab for public property increases in intensity with Athens International Airport coming under 79 percent private ownership. The global capitalists will also obtain 100 percent ownership of the Egniata toll motorway; 60 percent of Hellenic Post; 66 percent of OPAP, the state-run video-lotto and online sports betting firm; 73 percent of the Athens Water Authority; 83 percent of DEI, the Greek Electric Authority; and 51 percent of the Greek Regional Airports Authority. Massive sell-off lists of public property are now also being drawn up by the governments of Portugal, Spain, Italy, and Ireland. In the United States, there are calls for the privatization of the US Postal Service, Social Sec.
Libya expects similar arrangements.

To speed our ruin, the EU wants to epand its budget to above 1 trillion euro. For that reason, the EU wants to levy direct taxes on us (financial taxes, VAT). Besides, in order to promote its CO2-utopia, the EU will tax every energy supply not already made unnecessarily more expensive  by the ETS-stock exchanges, which bestow so fat salaries on the banksters. Barroso lies when  he says that the CO2-tax is to be higher for fossil than bio-fuels, the latter emitting less greenhouse gas. Yet another study by the Institute for European Environmental Policy (8. November 2010) finds that the use of additional conventional biofuels up to 2020 on the scale anticipated in the 23 NREAPs would lead to between 80.5% and 167 % more greenhouse gas emissions than meeting the same need through fossil fuel use. But no matter how much austerity and poverty the EU imposes on its populations it is simply not enough. No wonder:  “We are now implementing the new system of European governance,” commission chief Jose Manuel Barroso proclaimed in the European Parliament in Strasbourg. How can they get away with it?  The right, which also controls the three European institutions, feels increasingly confident that the growing number of strikes and protests are an unrepresentative irrelevance. Most citizens approve of the strategy of austerity, they believe. Speaking to reporters on Tuesday, Barroso crowed how in his native Portugal that parties that rejected austerity had been trounced in the recent general election. The thread running through almost all the recommendations is that the masochism (and sadism) must continue.  And they can do so, because our media are brainwashing us day in day out to accept the costs not only due to the economicallt completely untenable euro - which at some time will be replaced by an even more disastrous world currency - but also a more and more costly immigration of backward people as well as the EU´s climate ambitions, which amount to no more than pillaging and world government.

Now, even the European Central Bank which has taken on it the guarantees of the rubbish  loans is about to default - unless EU tax payers pay all those loans that defaulting EU members are unable to pay. And where does the money go? Correct to Wall Street and the London City vultures controlled by Rothschild.

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Never in my memory has USGovt leadership been so disrespected. Never has Wall Street been so culpable for financial ruin, yet still in power running the USGovt finance ministries.

The financial/economic crises was started by smart Wall Street banksters in 2008, selling fraudulent subprime mortgages – even bundling them and cutting them into tranches (Credit Default Swaps) and selling those products to privates and other banks as well as to insurance companies. Alone the name of the product should have been a warning. No one could judge the financial quality of those subprime mortgages. It was all inspired by the Clinton administration who demanded the banksters to give mortgages to insolvent citizens. Some big banks went bankrupt (The governmental banks  Fannie Mae und Freddie Mac, the Lehman Brothers, the Washington Mutual Bank, and Bear Stearns). They were swallowed by the bigger Wall Street sharks, in Particular JP Morgan, at basement prices with money from JP´s partners, The Federal Reserve and the US Treasury (Hank Paulsen being a former Goldman Sachs CEO), who liberally paid these fraud banksters taxpayer money for their skilled robberies. At the same time, small savers lost everything – including their homes. Here is a long list of their crimes – and Pres. Obama is also bought by them.

The next “victims” were countries like Greece, who had entered the euro under false pretences, having a loan from Wall Street Bank, Goldman Sachs, to bring its debt down to the 60% of the GDP allowed by the EU. In return a secret agreement was made that Goldman Sachs was to have Greek State proceeds from lottery, airports etc. – this being left off the book. The same transactions were made with governments all over Europe. The EU is said not to have known about this, which I doubt. Today Greece is the jumping board for the EU and the big banks to pillage European taxpayers for Greek bail-outs. At the same time Greece is the model for pillaging Ireland, Portugal,  Spain – and  in the end all of Europe being depleted of money to pay for the defaulting PIIGS countries – in particular of their gold reserves – and others like perhaps Belgium, too as well as for the CO2–climate fraud and a financially extremely heavy immigration burden. The European Council fears, that Italy is now about to follow Greece, Ireland and Portugal. Then the controller of the Wall Street bank corporations, Rothschild,  ( through JP Morgan and its Chase Morgan, the Goldman Sachs, and Morgan Stanley, the FED - and see this FED-ownership list - has Europe with poor, robbed people in the firm grip of the “International Community”. And then they will force such defaulting states to sell their land to get money. Right now Greece has 6 islands for sale: six islands on sale are Lihnari, Kaltsonisi, Amorgos, Kardiotissa, Nafsika and Vouvalo – to be bought by Turks first and formost.   The Central Banks are controlled by the same dynasty that controls Wall Street, The Federal Reserve and the London City.

Not a cent of the EU and IMF loans to Greece is flowing into the Greek economy. All the money is flowing back into banks as interest on former loans (Video above) . The Greek only feel the increasing austerity due to more and more debt – which leads to more rebellion.

Greek-austerityThe Daily Mail 29 June 2011: Parts of the Greek capital were ablaze and dozens were injured as youths hurled rocks, bricks and petrol bombs at police, who responded with baton charges and tear gas.
Everyone from doctors and ambulance drivers to casino workers and even actors at a state-funded theatre stopped work yesterday to join the strikers or held stoppages for several hours. The rioting came as the Greek parliament debated a £25billion austerity package demanded by the European Union. Without a new plan in place, the EU and International Monetary Fund say they will withhold around £10billion in euro loans that Greece needs to repay debts in mid-July. However, polls suggest up to 80 per cent of Greeks oppose the measures. The money is coming from a newly established EU financial Institution called the “European Stability Mechanism”(in German), having 700 bn. euro at its disposal – to be guaranteed by EU countries within and outside the Euro zone.

Intrepid Report 15 June 2011 - Wayne Madsen: What lies in store for Greece, Portugal, Spain, Ireland, Italy, and, in short order, the United States, is the wholesale sell-off of public property to private corporations at bargain basement prices. What the despots who gather in their secretive lairs at Davos, Cernobbio, Bilderberg, and G8/G20 are bringing about is a world where no property is owned by the state, which by default means the people. Total corporate control over every facet of life equals extreme fascism.

Euro-brokenThe vampire capitalists have the full backing of the International Monetary Fund, European Commission, and the European Central Bank. For example, this year global capitalists are slated to acquire 84 percent of OTE, the Greek telecommunications provider. In addition, private bankers will assume 66 percent ownership of the Greek Postal Savings Bank; 51 percent of the National Lottery; 60 percent of the Salonika Water Authority; 68 percent of DEPA, the natural gas utility; and 25 percent ownership of the ports of Piraeus and Salonika.
Next year, the capitalist grab for public property increases in intensity with Athens International Airport coming under 79 percent private ownership. The global capitalists will also obtain 100 percent ownership of the Egniata toll motorway; 60 percent of Hellenic Post; 66 percent of OPAP, the state-run video-lotto and online sports betting firm; 73 percent of the Athens Water Authority; 83 percent of DEI, the Greek Electric Authority; and 51 percent of the Greek Regional Airports Authority. Massive sell-off lists of public property are now also being drawn up by the governments of Portugal, Spain, Italy, and Ireland. In the United States, there are calls for the privatization of the US Postal Service, Social Security, and Medicare. Greek-riots-28-juneAbove all, ruthless Goldman Sachs is responsible for the fraud behind Geece´s admission to the EU: A secret loan to reduce Greek debt – in return for the country´s revenues.

One Libyan government official spoke to in Tripoli to this reporter  during an intensive NATO bombing assault and opined that the same fate is in store for his country. With the highest standard of living in Africa, Libyans could witness the U.S.- and NATO-backed rebel government begin to sell off Libyan government assets to global capitalists. The Libyan official said, “These people [global bankers] would sell the air if they could get away with it.”

Similar Measures as in Greece would crush German economy.
Spiegel 1 July 2011: Within just five years, the Greeks want to cut spending by the equivalent of 17 percent of their total GDP in 2010.
Applying this to Germany would amount to a savings goal of €425 billion — a gigantic sum that would mean the complete collapse of the German economy.The kind of chaos that would cause if public wages were slashed is unimaginable. Social Unrest would be Inevitable

The EU wants to levy direct taxes from us
EurActiv 30 June 2011: The European Commission yesterday (29 June) presented long-awaited proposals for the EU’s next seven-year budget (2014-2020). In a bid to reduce national contributions, the Commission suggested levying new taxes directly, a proposal that was strongly rejected by the UK, which labelled it “unrealistic”. The first option would be to tap into a European Financial Transactions Tax (FTT). Moreover, the EU executive suggested introducing a direct Value Added Tax (VAT) at EU level, shifting the burden from member states to taxpayers.
In a working document published in October, the Commission said that if the EU VAT was applied at a 1% rate across the EU, “combined with elimination of the existing VAT-based resource,” it would bring around €41 billion a year to the EU’s coffers.
José Manuel Barroso, president of the European Commission, proposed to increase the EU budget from the current €976 billion to €1.025 billion for the next seven-year period, which starts in 2014. This represents a 4.8% increase, which is beyond the average 2% inflation recorded in the last decade. Two new areas will benefit from significant new sources of funding – the EU’s External Action Service (EEAS), which was introduced after the Lisbon Treaty, and home affairs, which includes border control, security and immigration.

InterlinkageHowever much austerity has been imposed by EU member states, it is simply not enough.
EUOBSERVER / ANALYSIS 9 June 2011: “We are now implementing the new system of European governance,” commission chief Jose Manuel Barroso said in the European Parliament in Strasbourg.  From intervening in collective bargaining to cut wages, to making it easier to fire workers, to a shift away from progressive taxation, through the new system, the EU hopes to utterly transform its member-state economies to be more competitive with the likes of the US, China and emerging economies.  Early retirement should also be phased out. Brussels has also called for taxation in general to be shifted away from labour, where the higher the income, the higher the rate paid, and onto consumption, where everyone pays the same rate, regardless of income levels.  Such efforts will not be easy to implement in many places.

Greek-strikes-14-juneIn Athens big strikes against the only regulatory mechanism of the economy under the EU, austerity – and more austerity – are continuing. That country has lost its capability to devaluate its currency and to raise interest rates

Deutsche Welle 15 June 2011: All 27 states submit their budgets and broader economic plans to the commission - before they are submitted to national parliaments (‘European Semester’)- to see if they are sufficiently rigorous. Then in June, in the current and penultimate step in the process, the commission gives its appraisal of these plans, setting out what must be corrected, a series of recommendations that must also win endorsement from the European Council. Over the following 12-18 months, governments must put in place all the changes ordered by the Council-Commission duo.

If countries are in the eurozone, this oversight is backed up by the imposition of stiff fines for delinquent governments up to a maximum of 0.5 percent of GDP. For an economy the size of Spain, such a fine would amount to €5.25 billion. The commission did however acknowledge the anger regular Europeans feel at the austerity and liberalisation that has already been imposed in response to the crisis, but argues there is no alternative and that these changes should have been made years ago. The right, which also controls the three European institutions, feels increasingly confident that the growing number of strikes and protests are an unrepresentative irrelevance. Most citizens approve of the strategy of austerity, they believe. Speaking to reporters on Tuesday, Barroso crowed how in his native Portugal that parties that rejected austerity had been trounced in the recent general election.
The thread running through almost all the recommendations is that the masochism must continue. A list of demands to the economic policy of each country is given

The European Central bank in grave Danger
Spiegel 24 May 2011: Since the beginning of the financial crisis, banks in countries like Ireland, Portugal, Spain and Greece have unloaded risks amounting to several hundred billions of euros with central banks. The central banks have distributed large sums to their countries’ financial institutions to prevent them from collapsing. They have accepted securities as collateral, many of which are, to put it mildly, not particularly valuable.These risks are now on the ECB’s books, because the central banks of the euro countries are not autonomous but part of the ECB system. When banks in Ireland go bankrupt and their securities aren’t worth enough, the euro countries as a whole must account for the loss.

Euro-sinks

The Daily Mail 26 Jan. 2011:  Mervyn King painted a picture of the nightmare facing millions of ­workers because of the toxic combination of soaring inflation and pay freezes or paltry pay rises. Families are being crippled by the biggest squeeze in their finances since the 1920s. In his first speech of the year, Britain’s most powerful banker admits many households are suffering misery, saying: ‘It is hardly surprising that unhappiness describes the reaction of many.’

Corporate taxes and their impact on research and development
EU Press Release 11 Apr. 2011 Algirdas Šemeta, EU Commissioner: The fragmentation of the Single Market with 27 divergent corporate tax schemes is a serious obstacle for businesses, leading to over-taxation and high compliance costs. In order to improve this situation, the Commission proposed last month to offer businesses a common way to compute and consolidate income tax bases in the EU - the Common Consolidated Company Tax Base or CCCTB.Furthermore, it would mean that cross-border loss relief would be allowed within the group, eliminating current situations of over-taxation.

European Carbon Tax
The day after tomorrow, the Commission will discuss a proposal to put in place a common EU framework for energy and CO2 taxation allowing Member States not only to make their tax systems “greener” but also to ensure that they foster growth and employment. 1. it will introduce two elements in the rate structure: one element based on CO2 emissions and another based on the energy contents of each product. Taxation will then be based on objective (mendacious) criteria and will provide for a consistent treatment of the energy sources and energy consumers.
2. by introducing a CO2 element in the taxation of energy products, it will provide a framework for Member States to apply CO2 taxation in all areas where the EU Emission Trading System does not apply. 3. it will ensure an adapted framework for the taxation of renewable energies, in particular biofuels, reflecting their lower CO2 emissions and energy content.

Our objective is less about introducing a new tax than about restructuring energy taxation (with a CO2-tax element) so as to meet the EU’s high priority goals of climate change, energy efficiency and fair competition. It will also be an opportunity to reflect on environmental taxation as a potential candidate in the endeavour to shift tax away from labour.

Comments
Here it is being admitted by the EU: The agenda of climate policy is to pillage and subdue us, which bring enormous bonuses to the banksters. For this policy any lie is usable, e.g. that biofuel reduces the emission of greenhouse gases.
A study by the Institute for European Environmental Policy (8. November 2010) finds that the use of additional conventional biofuels up to 2020 on the scale anticipated in the 23 NREAPs would Northcomlead to between 80.5 percent and 167 precent more greenhouse gas emissions than meeting the same need through fossil fuel use. But this is simply neglected for the NWO ideology:
“We are now implementing the new system of European governance,” commission chief Jose Manuel Barroso says. And this system is based on lies.

The case of Greece demonstrates not only the actual character of the  EU led by the old Maoist, José Barroso on behalf of capitalism! – but also of the corporate New World Order: The nations are to give up their assets, their sources of revenues, to the Rothschild banks, one by one, a tendency started in Rio in 1992 with Rothschild´s Global Environmental Facility. As Wayne Madsen correctly writes: all property belonging to the state/the people is being taken away to be transferred to Rothschild´s corporations. Total corporate control over every facet of life equals extreme fascism.” And after the PIIGS countries will follow the defaults of states obliged to pay the debts of rhe PIIGS states. So, all of Europe´s assets  – and those of the US, too, will be windfalls to the owners of the bank corporations – already are in fact. And of course such a thing will only happen after the peoples are unable to pay the increasing taxes levied on a national as well as on EU level to pay the banksters. What the populations feel is ever increasing austerity to bring about a 2 class system of a super rich caste of about 7000 corporation owners and their minions on one side and a populace of subdued proletariats on the other side. The middle class will disappear according to plan in this Agenda 21 nightmare. Revolutions will be crunched by police forces, gendarmerie like the Eurogendfor with a licence to kill and the US Homeland security´s National Guard and regular troops of the Northern Command or the Eurofor/ESDP.  But mankind will love its bondage.





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