News & Analysis
A Phony EU Crisis
Europe's leaders have grasped the nettle. Faced with a spiraling bond crisis in Italy and Spain and the greatest threat to the EU project for 50 years, they have ripped up their bail-out strategy and taken a large stride towards a "liability union." – UK Telegraph
Dominant Social Theme: Oh, it is the end of the world. The EU is dead. Oh, it is not the end. Long live the EU and the great men and women who saved it ... History is being made ... etc. ... etc. ...
Free-Market Analysis: We have watched the unraveling of Europe for over a year now and can say with some shock and dismay, as the final act grows near, that what we have been treated to is probably nothing more than an elaborately scripted farce. Or call it a dominant social theme (the EU is in trouble and needs rescue by the great statesmen of Brussels).
Now a deal has been struck to “save” Greece (though it is the banks that are being saved yet again, not Greece). The Germans won’t like it as Merkel seems now to have committed them to guarantee, at least informally, hundreds of billions of euros in PIGS assets. But apparently whether the “little people” like something or not doesn’t matter now in this “new” world.
The only danger is over-reach. The crisis, long expected, may still spin out of control or prove insoluble. But there is no doubt the Eurocrats expected this crisis and planned for it. The idea was to use its chaos to create a closer European federation and that is just what they're trying to do. Out of chaos, order ...
The elites that stand behind the EU are trying to build a one-world order, and they will stop at nothing to get it. The same thing is going on in the US with the debt crisis. An orchestrated agenda. The Americans will eventually get European-style austerity. They simply don't understand the ramifications yet.
These economic crises cannot be pure happenstance. We've suggested they can spin out of control, and perhaps they will; but they are all manmade events, the direct outcome of economic constructs and policies of enormous wealth and control. Somebody set up the 100 central banks around the world that report directly to the Bank for International Settlements in Switzerland. These are quasi-private entities, many of them. Are we supposed to believe that no one takes a profit on them? That there is no way they compensate their creators?
The money and power is unimaginable. The BIS controls the central banks that in turn control the big banks around the world. The stock exchanges with their endless mergers are controlled as well; and the bond markets, it seems. If the elites control the banking industry – and they do – then they must also control currency markets – at least to some extent. And we are supposed to believe that Greece, little Greece, caused such havoc with this financial system that Merkel and Sarkozy had to meet to save it in the nick of time?
Increasingly, we don't believe it. The entire amount of the Greek default is in the low hundreds of billions. That's pocket change for these trillionaire, globalist banking families and their corporate, religious and military enablers. It's walking-around money. They can spend more than that in a day, an hour even.
The whole thing is a set up. It must be. A shadow play. A crisis created to build further global governance. The only question is whether they can control the resultant fallout in the long term, for the damage far exceeds Greece now.
The Internet has certainly made that more questionable, for it has informed Europeans of what's really going on and helped organize them. Still, the EU grinds on. Dominant social themes of the elite are rarely if ever cancelled. They tend to continue until they meet immovable resistance, either from the marketplace or people.
Constitutions mean nothing. Promises are made to be broken. Treaties are talk for children, merely incremental markers trailing in the wake of global governance. By their actions ye shall know them. As with sharks, their momentum must be never stilled. Here's more from the Telegraph article:
The three rescued countries of Greece, Ireland and Portugal have in turn been offered a lifeline out of crippling debt-deflation. The tetchy negotiations dragged on for hours, with an irascible Finland at one point demanding that Greece offer the Parthenon, the Acropolis and its islands as collateral for the second €110bn (£97bn) rescue package. France and its allies abandoned their long struggle to prevent a Greek default, opening the way for the first sovereign insolvency in Western Europe since the Second World War. Objections from the European Central Bank were swept aside. Germany has obtained its fig leaf concession: burden-sharing for bankers.
As a quid pro quo, Germany has dropped its vehement opposition to debt sharing and crossed the line in the sand towards fiscal federalism. It has agreed to turn the eurozone's €440bn bail-out fund (EFSF) into what amounts to a European Monetary Fund, and arguably into an EU Treasury in embryo ... Global markets surged as the details of the EU statement leaked. Credit default swaps measuring bond risk on Ireland and Portugal saw the biggest one-day fall on record. Commission chief Jose Manuel Barroso said politicians and markets had finally "come together" for the first time since the crisis began.
Chancellor Angela Merkel said the goal was to "go to the root of the problems", but she may not find it easy to secure political assent for such sweeping concessions from her own parliament. The accord is a spectacular volte-face. Her mantra until now has always been that "collectivisation of risks" would be a grave error ... EU officials hope that a debt rollover plan for Greece can be limited to a short technical default. The ECB has backed down on its threat to reject Greek bonds as collateral. The formula will not be extended to Portugal and Ireland. It is understood that rating agencies will hold fire for the sake of global stability.
How neat is this? Like watching a play where all the problems are resolved in the third act. We even learn that the markets rallied in relief (at least to begin with) after the deal was announced! Yes, the EU has moved one step further (a big one) toward federal consolidation. The question is only whether the Germans, in aggregate, will resist, and what will be the results if they do. The Zero Hedge website claims today that this new deal places Germany in the position of underwriting the whole of the failing PIGS universe. The Germans may wake up in open revolt.
It doesn't seem bothersome, anymore, than Greek unrest. The shadow play continues. The ECB was immoveable in its rigor up until the last minute. But somehow the ECB backed down. The rating agencies that were so horrible have suddenly retreated. Everyone has "compromised." Problems have magically evaporated. Frau Merkel had threatened not to attend the meeting, but somehow in a single evening she was able to come to yet another "historic" breakthrough with Nicolas Sarkozy.
Perhaps the Eurocrats are merely desperate. Or perhaps they are following a script. We’ve seen it before. US Congressional Democrats sacrificed their careers to pass the leveling health care Act. Now Merkel is sacrificing her career to prop up the EU. Maybe she has been promised something.
Will the Germans riot in the streets? There is already a German Tea Party movement. How about Greece and Spain? Summer is not over yet. And yet … perhaps not. Perhaps, somehow, the elites can impose a federation on nation-states that have been independent for 2,000 years or longer. We don’t see how, (the EU with its debts seems unworkable) but one thing we’re convinced of now is that the elites are arrogant enough to try. The whole mechanism reeks of arrogance.
There is no end to their mischief and scheming. We've been privileged to watch how history operates for the past several years and we've paid close attention. We've come to the conclusion, as Henry Ford once said, that history is bunk. It's directed. This EU "grand compromise" has been in the works for months, for years – perhaps for decades.
What a farce! It began with the mysterious leaked argument between Sarkozy and Merkel – like the first shot of a war. The EU then was said to be on the edge of a breakup. Sarkozy had threatened to withdraw France. The union teetered – and the crisis was on! And on ... and on ... and on ...
Endless meetings, constant market movements, the mainstream media bewailing every moment. The EU is on the brink. The euro is on the brink. The Greeks are rioting (that was real); the Spanish are protesting (that was real, too). But it was just an act. It's all too neat, too well orchestrated.
And now we are starting to see the liniments of what is REALLY planned. "The communiqué called for a "Marshall Plan" to bring the Greek economy back to life. "To be credible, the EFSF needs to be proportional to the scale of contagion: we think €2 trillion is needed," one top Eurocrat is quoted as saying.
The “transfer” that the Germans were assured would never happen is now starting to take place. Others will pay, too. But in Germany there is the constitutional question, as well. We are told German judges are to evaluate the legality. Yet what judge on earth would pull down the union at this point? If the German people want to stop what’s going on, they will have to do so themselves, non-violently if possible in the streets. Of course that hasn’t yet helped the Greeks.
Step by step, promotions are implemented and international structures are built. The politicians and generals in the modern era are literally actors on the stage. Some stand athwart history and others position themselves "progressively." Miraculously, accommodations are reached in the nick of the time. Alternatively, war is declared. The narrative is provided. History is "written."
Even in war, the elites apparently control both sides of the conflict. The goals are achieved via the Hegelian Dialectic that allows the powers-that-be to push the larger social conversation in whatever direction they choose. Of course, that's always towards a greater global union these days.
Conclusion: Thank goodness the extraordinary Brussels bureaucrats have once more performed a miracle, salvaging the EU yet again, at least for now. Was there ever any doubt?
Posted by amanfromMars on 07/24/11 11:24 PM
"Consequently, nobody can fool the Mather Nature. This New World Order will collapse like an old Soviet Union but with much more violence and bloodshed."
And it may also be the case that nobody is fooling Mother Russia either. And the Daily Bell is somewhat slow in drawing its readership's attention to A.N.Other New World Orderly Control Program which would leave the perversions and subversions of the collapsing Western system to the West, for who wants to be tied to a turkey which doesn't fly, whenever you can soar with a phoenix risen from the ashes of oppression ........ Click to view link
I imagine that Western elites which have so demonstrably failed to provide peace and comfortable prosperity to all in preference for the obscene gathering of perceived global wealth for a few, and which they would be seen as being lead administration for, would rightly be fearing the blood to be spilled in violence as their own, as the system collapses around them and the blame for its demise lands unequivocably/unequivocally at their doors. It will though be dog eat dog blood as they each try to avoid the fate which destiny provides, and the buck of mass fury and violent anger is passed up the chains of command so that the real powers that be get all that they deserve.
It is a surely a clear sign that such an elite grouping must be of very low intelligence and actually must be being led by fools whenever they would not have the power to ensure that their demise is not guaranteed because of the work that they do and the perceived wealth that they command.
It is a fools gold indeed they would be worshiping when such is the case.
Posted by bob on 07/23/11 03:34 PM
After all, Great Greek people cannot have a genuine Greek PM. They got a Jew.
I close my case with an observation that the entire system is Mickey Mouse one. There is a good, old American saying: if you put two turkeys together, they still will not fly like an eagle.
Consequently, nobody can fool the Mather Nature. This New World Order will collapse like an old Soviet Union but with much more violence and bloodshed.
Posted by rossbcan on 07/23/11 10:42 AM
"Does anyone know how we can escape this madness?"
Just say NO (and REALLY mean IT)! THINK about it:
Click to view link
Posted by rossbcan on 07/23/11 09:58 AM
DB: "the EU with its debts seems unworkable"
This "debt" is a "Tar Baby", fraudulently created, a seed of dissent / conflict between those who attempt to pass it on and those unfortunate enough to be stuck with it. The last question that will be tolerated to entertain is: Who caused and therefore "owns" this debt? Qui Bono? Where does the money trail lead? Is it "odious debt"?
And, this theatre of the absurd is all about making it appear "neccessary" (Machiavailli, falsely framed "arguments") that this "debt" be socialized, a collective "responsibility" (which really means: the nearly extinct producive). After all, given the taxing power of states on elites behalf. this debt REALLY EQUALS YOUR (and your children's) servitude.
The "Tar Baby" will end up with whatever group is weakest in blowback.
Posted by rossbcan on 07/23/11 08:45 AM
DB: "The crisis, long expected, may still spin out of control or prove insoluble."
A matter of perspective. Those in control (self-appointed "problem solvers" with a self-decreed monopoly of choice that it is very ill advised to tolerate) have their "definitions" of "acceptable" solutions (They and their cronies benefit and, continue to get "something from nothing" at the expense of the productive).
Insoluble, because the prey has become aware and, are reacting:
Click to view link
So, the ONLY consideration IS: How much collateral damage are the productive gonna take before they conclude the "debate" is a faux distraction (futile search for "pretexts to prey") and, central controllers are determined to prey and are immune to fact / reason because this is the ONLY way they KNOW how to survive (as opposed to peaceful, honest trade, quid pro quo).
Once the majority concludes to demand "where's the beef" and withdraws support until it is forthcoming, grand theft civilization (the rules by which we peacefully cooperate for MUTUAL self interest - decreed as "selfish" by elite law) is OVER as is general servitude for the productive.
Elites (predators) shoulda learned from history. Without fully informed "consent of the governed", they are toast and stability (AKA: their safety) lasts only so long as the seed corn of civilization (their food) lasts.
Posted by amanfromMars on 07/23/11 06:25 AM
"I agree that debt creation is their mode of operation, but it's not their end goal. Once having indebted nation-States beyond hope, the racketeering central banks follow up by "negociating" with the (planted)heads of state, for a total loss of sovereignty for the particular country - especially via the asset-stripping of strategic economic resources - water, electricity, oil, mines, manufacturing industries etc...
Total submission of the Western world's human population is their near term agenda." ..... Posted by Aloysius McGuinness on 07/22/11 10:33 PM
Here is a tale of two such plants, A. McGuinness, with notions of abilities way beyond their artificial station. Non-elected puppets with delusions of grandeur indeed ..... Click to view link ...... and seen increasingly by the nation and media, as being just so ill-equipped and intellectually wanting.
And going head to head against a well-connected, filthy rich media empire, which is traditional courted for its undoubted global influence, is one real dumb move which will have them rewarded appropriately to be sure. As I was saying ..... just sad puppets with delusions of grandeur indeed, and way out of their depth in a sea of crazy sharks.
Posted by Bischoff on 07/23/11 04:29 AM
Thanks for the offer, Dave. I scheduled transportation as a U.S. Army Transportation Officer. That was a long time ago.
We used lots of private contractors, for both less than and full truck loads, as well as for air cargo and PAX and sometimes even sealift cargo. It was a thoroughly interesting job. Long, long hours though...
The encouragement parole always was...."keep on trucking".
Posted by Aloysius McGuinness on 07/22/11 10:33 PM
Replying to Avatar
" since the Central Bank mode of operation is based on debt creation and expanding debt..."
I agree that debt creation is their mode of operation, but it's not their end goal. Once having indebted nation-States beyond hope, the racketeering central banks follow up by "negociating" with the (planted)heads of state, for a total loss of sovereignty for the particular country - especially via the asset-stripping of strategic economic resources - water, electricity, oil, mines, manufacturing industries etc...
Total submission of the Western world's human population is their near term agenda.
Subsequently, as wealth moves East, the Cartel of European Central Banks will fine tune their fractional-reserve efforts to do a like-wise operation on the that side of the world. The West is going to sink back to a "Dark Ages" kind of existance for the next 2 or 3 decades - the extremely rich and the extremely poor sheeple.
This Rothchild-inspired inter-connected banking cartel's total control over the economic independence of each nation, will permit them - if WE allow it - to gain as well total political control on a global scale.
Un-appetizing to say the least.
Posted by Dave Jr on 07/22/11 08:49 PM
Then we have more in common than I knew. Need 100,000 tons moved inside of a month? I can do it as safely and as efficiently as anyone.
Posted by Bischoff on 07/22/11 06:34 PM
Thanks, Dave...just an expression from an old Transportation Officer.....
Posted by Abu Aardvark on 07/22/11 06:29 PM
"I wouldnt call it a "movement" yet, because the so called "Wutbuerger" consist of quite disparate groups"
The "Gesellschaft für deutsche Sprache" (Society for german Language) actually opted "Wutbürger" as their annual choice as "Word Of The Year". The state sponsored and somewhat opaque outfit does so - for a reason or two, I'd suggest - since 1971.
"The Gesellschaft für deutsche Sprache (German pronunciation: [g?'z?l?aft fy??? 'd??t?? '?p?a?x?], Association for the German Language), or GfdS, with its headquarters in Wiesbaden is Germany's most important government-sponsored language society. Re-founded shortly after the Second World War in 1947, the GfdS is politically independent and the declared successor of the Allgemeiner Deutscher Sprachverein (ADSV), the General Association for the German Language, originally founded 1885 in Brunswick, Germany. Its aim is to research and cultivate the German language; to critically evaluate the current German language change; and to give recommendations concerning the current usage of German.
With its language advice service, the GfdS supports individuals, companies, authorities and institutions concerning questions of the usage of contemporary German with regard to spelling, grammar and style.
In a bi-annual public ceremony, the GfdS awards the Media Award for Language Culture (Medienpreis für Sprachkultur). Furthermore, and in co-operation with the Alexander Rhomberg Foundation, the GfdS awards the annual Alexander Rhomberg Award for young journalists.
Since 1971, the GfdS produces the annual language retrospective, well-known for its 'Word of the Year' (Wort des Jahres)
Work for the German Parliament
The GfdS editorial panel of the parliament (Redaktionsstab der Gesellschaft für deutsche Sprache e. V. beim Deutschen Bundestag) gives linguistic advice to both the Federal Council Bundesrat and the Federal parliament Bundestag. They also advise ministries and authorities on both federal and state level as regards the linguistic correctness of draft legislation, by-laws, orders and other texts.
The most important task of the GfdS is to revise the language of draft legislation, by-laws and orders whose legal terminology must be formulated clearly and concisely."
Click to view linkür_deutsche_Sprache
Click to view link
Click to view link
Given the position, conjunctions and, ahem, "52 branches outside Germany, in 33 countries on four continents" ...
Click to view linkür_deutsche_Sprache#Branches_outside_Germany
... one might think that the whole enterprise looks like a duck, swims like a duck, and quacks like a duck.
Posted by Dave Jr on 07/22/11 06:28 PM
"Keep on trucking..."
Ingo, you are singing my tune, I love it.
Posted by Bischoff on 07/22/11 05:37 PM
"The whole thing is a set up. It must be. A shadow play. A crisis created to build further global governance. The only question is whether they can control the resultant fallout in the long term, for the damage far exceeds Greece now."
I don't know to what extent the "set up" is the result of conscious planning or a mere desire and drive to control things. The quest for control by a small section of the population over the rest is a natural phenomenon which, if not resisted will lead to a breakdown of the social system.
The tool which can possibly save us from a social breakdown is the internet. A site like "The Daily Bell" which brings focus to a plethora of facts helps people to figure it out. People will be able to pierce the mystique with which the power elite has surrounded itself. It was the lack facts which favored the power elites in the past. Now it is mainly the inability to make sense of the facts. What is needed is logic and proper thinking on the part of the average person to keep the power elite in check.
I have hope. People are not stupid. Sooner or later they'll figure it out. Once proper thinking put the right facts together, they'll see how they been manipulated all along. Then, all that is needed is courage refuse to put up with the manipulation.
The Daily Bell is a magnificient tool in the quest to "wake people up". So, I say to the Daily Bell ---- "Keep on trucking..."
Posted by David_Robertson on 07/22/11 05:27 PM
I was interested to see that Frau Merkel is referred to as a Verraeter-a traitor- on one of the websites you linked to, I believe it was Kopp online. Is it possible that this feeling is shared by many Germans? Would it make the Bundestag reject the agreement she has made on the Greek bailout?
Thanks for the quick overview of the German political scene. It is good to have something outside the main media sources.
Posted by David_Robertson on 07/22/11 05:05 PM
Thanks for the inside scoop Paris. From my distant vantage point in the heart of Scotland it appears that the politicians at the pinnacle of all Euro governments are really on the same bandwagon. They are separate entities from the people they govern and they make decisions together to advance THEIR goals at the expense of their "countrymen".
Your observations about the economics of the monetary union are simply common sense but as my mother told me "common sense is not very common".
Personally I believe we have just a short time to wait before it all becomes very clear to everyone exactly what has been going on. At that point I do not expect a violent reaction which would serve the financial oligarchy very well. I believe we have a very different denouement in store.
Posted by injun1 on 07/22/11 04:38 PM
Your point is well taken, thank you
Posted by johnblenkins on 07/22/11 03:59 PM
Very good point Dave.
Amazing that the West's first strategic move was to set up a Central
Bank. UN 1773 stated no boots on the ground, nothing about a boot on the throat.Not to mention Libya being the biggest financier behind Africans
own telecommunications satellite. Unencumbered by loans from the blood sucking Western Banks.
Next week the dollar/debt ceiling show is in Town.
Roll up roll up, We Will Scare You.
Fiat currencies holding up a faux market.
Against PMs the markets are down at least 50% since 2008.
Today a new PMs market is born in Hong Kong.
The fast buck China has exploded to a new found wealth.
Being destroyed almost as fast by inflation. Pigs up 93% Broilers up 80%+
Salad oil 70%+.
Where do you think a lot of that depreciating cash is going to go?
That's right back to those 5000 year old barbaric relics.
If you don't hold physical. You may as well be a eunuch.
400 years ago the EU was predictively described as A School boy republic.
That would not last long.
Today I saw that insipid little toad Van Rummpy declare.
"When we say we wont let the Euro go we mean it". So Masterful Herman!
You spread the pain until the whole of Europe rises up.
My rant, Thanks.
Posted by amanfromMars on 07/22/11 03:46 PM
injun 1, Howdy,
The number of people who know what Daily bell ringers talk about would surprise you, and they grow at an alarming exponential rate and can be found in the strangest of places and all the best of odd spaces. :-)
[quote]And there are always lamp-posts too ........
Posted Friday 22nd July 2011 19:29 GMT
"Well, yes .... Except that that's out too in the euro. National central banks aren't allowed to create more money. Only the ECB can do that. And they're not allowed to create more money in order to pay down national debts (aka, monetising the debt)." .... Tim Worstal Posted Friday 22nd July 2011 12:24 GMT
Oh please, Tim Worstall, you cannot be serious. "Not allowed to"? Isn't that exactly what the plonkers have done, and twice for Greece, to the tune of €200,000,000,000. It is the creation of debt, which is renamed and disguised as credit to lead the ignorant masses to believe that they are being done a great favour, rather than them doing the banking system a great favour and actually creating their business, which creates currency.
And the stupid bankers think to abuse their creators with their perverse games which would demand repayment with added crippling interest? Whenever their scam is widely known, and the internet is the great anonymous educator of the people, might the hanging space beneath the likes of a Blackfriars bridge be a much sought after premium spot market to settle outstanding business.
And now we wait to see what Uncle Sam does about lowering their debt, which of course, they can't and won't, and are actually planning to raise, and hope against hope that they can be thought of as being too big to fail, whenever they have been in a failed pariah terrorist nation state for ages already ........ trusting in the fogs of wars to hide that fact and the fact that they have no intelligence services to fix it with a radically New World Order agenda.
There are though others who would have cunning and canny plans which would help them and others similarly lost in the perverse depths of subversive despair of their own arrogant making.
Click to view link [/quote]
And with regard to ...."There are perhaps three types of people today.
1. The one that knows how to get the information
2 The one that knows how to use that information
3. And, the one that has no clue
I am afraid number three out numbers the first two." .... and whereas such is most definitely perfectly true, one really only needs the one of #1 and #2, to be able to do anything and everything that is needed for everyone.
Posted by Niklaus on 07/22/11 03:34 PM
"There is already a German Tea Party movement."
I wouldnt call it a "movement" yet, because the so called "Wutbuerger" consist of quite disparate groups. People who are against the Stuttgart railway station are often in sympathy to the green party. The green party is growing stronger and stronger, surpassing even the socialst party (SPD) now, and they came to power recently in Baden Wuerttemberg. The founding and subsequent politics of the green party is also strongly linked to the anti-nuclear movement.
However, the people unhappy with the mass immigration politics are from a totally different spectrum of society, there is little overlap, also from an idiological point of view. "Gruenen" politicians often state that multiculturalism has made Germany a more open society, whereas those active in new parties such as "pro Deutschland" and "Die Freiheit" are afraid of over-alienation of the society.
Then there is a movement of peaple engaged with the new free-market party, "Partei der Vernunft" (Click to view link), again from a totally different group of society. The founder of the PDV has published a good article on 911 in a mainstream media journal (Focus Money) and recently written a heavy book on "the system" (Das Kapitalismus-Komplott: Die geheimen Zirkel der Macht und ihre Methoden). Furthermore, 190 economy professors have recently joined forces against the bailouts (Click to view link). Another group is gathering around a new internet media outlet (Click to view link), discussing "the system" and regularly broadcasting daily news in a format strongly resembling the german classic mainstream evening broadcast "Tagesschau", with a famous news anchor (Eva Herman) who has been expelled by the establishment. Also, recently a well researched book on 911 for the 10th anniversary has been published by two respected journalists (9/11 - Zehn Jahre danach : Mathias Broeckers).
Posted by paris on 07/22/11 03:32 PM
Although I am Greek come from Athene and I have already oppose at my government steps to reduse national public debt and austerity measures for the sake of Bank system and Lehman Brother wrong investments.
In other hand I should also oppose to the worldwide common sense that its impossible for common sense to admit that all members / states are equal to each other.
Is anuone to believe that 1 Greek euro = 1 German euro =1 France euro =……..=1 Latvia euro?
Is anyone to believe that 1 New York dollar = 1 California dollar = 1 Georgia dollar =…..= 1 Chicago dollar =……Click to view linke on fentlemen lets be serious to each other and it doesn't have to do if we are from American or European states or at least from Jewish great guys or graduated from LSE London School of Economics ……diploma throught internet access……cute.
Lets be serious one more time although I don't believe that nowadays exist economic science but the majority of economist are mathematics or creminals if we spread out the general meaning because the evidence point approve that claim.
Greece is small very small country with not important -not significant economy to affect global giant economies…….and precious metal market or Asian market…..again cute.
Small economy big problems and headache for economics giants who want majority to believe Goldman Sachs psychological operations in finance markets across the world.
Greece's GDP, at about $300 billion, represents approximately 0.5% of world output. Its $470 billion public debt is very large relative to the Greek economy's size, but less than 1% of global debt - and less than half is held by private banks (mainly Greek).
I am convinced that Greece is the right country to right position but they have the wrong Prime Minister George Ppandreou even to wrong position BECAUSE.
1 He isn't Greek because he was born in USA /Minessota state
2.He isn't Christian Orthodox like majority Greek population and as it is directed by Greek constitution but fake Jewish - Yahveh and that rise questions about the attitude and absolute silence of Greek Orthodox Church.
3.He had tied hard enouth to dissolve European States with his wrong decision and statements about Titanicus Greek economy furthermore creates with Goldman Sachs -Soros Credit Default Swaps market in USA and all investors and bank depositors draw their money from Greek banks to USA continent.
American Insuranse Companies (A.I.G) have invest 4 trillion dollars in Greece bailout so from other side its impossible this amount to be paid for the sake of Greece economy which in turn affect……precious metal market and Asian giant Economies.
Ppandreou has signed in secret agreements for CDS market like broker with Goldman Sachs -Soros in 3 meetings before Greek national elections and France playboy Dominique Straus Cohen (Jewish) according to his statement in France relevision.
Papandreou brothers are involved that they have established companies in CDS market and possible Greek bankruptsy and insolvent crisis and Prime Minister interconnections.
One more time we have the wrong guy to the wrong position at the wrong time because he claims that he is Jewish (fake Jewish) and approach Jewish community in order to stay longer in his position because there are many qualified Jewish who have the qualities to lead Greece country and don't couse insolvent crisis and social unrest.
Finishing my statement I would like to refer how it is possible for a bankruptsy bailout country like Greece (which affect…precious metal market) to be in complete secret agreement with France government to buy billions euros of military aircafts Mirage-2000-9 from Qatar Kingtom.
France Government have signed in agreement with Qatar kingtdom to buy military combat aircafts Rafale for development and……SECONDARY France to borrow money from European Central Bank in lower interest rates and lend to Greece in order Greece buy military combat aircrafts from Qatar Mirage-2000-9. (billions euro market).
Qatar Mirage-2000-9 have already been in Greece since months ago in Crete island at Suda airport and participate in military Libyan operations…..and although Qatar DON'T BELONG IN NATO nations Greece government at least must have parliament approval and it doesn't exist until now.
1 Greek euro = 1German euro = 1 France euro =………= 1Latvia euro
1New TYork dollar =1Califirnia dollar =……..= 1 Chicago dollar =……….1 Texas dollar
Let me say again that this is Mickey Mouse economics for Mickey Mouse politicians.