Greece Debt Crisis To Trigger Financial Tsunami Across Europe !
- I think the sovereign debt crisis still has at least a year to play out. The Illuminati want to build this into a humongous problem and then crash it. They want nations to be in more debt, for the debt to GDP to go well over 100% and then pull the plug. It will collapse irretrievably. This will result in massive unemployment, abject poverty and deep economic depression. The Illuminist controlled western government will then expand employment and expand wars.
- Many sheeple will be employed by the Illuminist governments. They will be totally controlled and will toe the official line. When these sheeple oppose the police state they will lose their jobs. So, the sheeple have a choice: support the fascist police state, wars, the military, Illuminist financial system… etc or lose your jobs and you will not be able to feed your family, you will be earmarked as enemies of the state. Most will make the least painful choice. Pravda reports:
The summit of the European Union continued on March 26 in Brussels. The most important issue on the agenda of the summit is the crisis in Greece. The biggest intrigue of the meeting is about the stance of the EU’s largest country – Germany – which is supposed to carry most of the burden of help to the country that faces the danger of default. German Chancellor Angela Merkel stated earlier that Greece was not supposed to receive any international help. She reportedly did not even want to discuss this issue in Brussels.
However, Merkel delivered a speech on March 25, in which she had to touch upon the most serious question for the European Union for the time being. She still insisted that financial assistance could be provided to Greece only in case of extreme emergency. She said that the Greek government had not declared its insolvency, therefore there was no reason to rescue the country.
However, Merkel had to change her mind a little. She said that Greece could receive help from the International Monetary Fund, in which Germany plays an important role. If other countries wish to support Greece, Germany would not mind, Merkel also said. However, she strongly rejected the variant, in which the funds would be assigned from both the budget of the European Union and from the IMF. She said that it could be possible in case of emergency, which, as she said, had not come yet. She also said that it would be absurd to think of Germany as a scapegoat for the problems that Europe was facing.
However, Merkel found no understanding among her European counterparts. Deputy head of the European Commission Viviane Reding said that the crisis in Greece could trigger a financial tsunami in the whole of Europe. “If Greece enters the state of default, the consequences will be visible everywhere – in Britain, Spain, France, Portugal and Italy,” she said.
Reding urged Merkel to place European interests above the national interests of Germany and agree to help Greece before it is too late. The Prime Minister of Luxembourg Jean-Claude Juncker did not share Merkel’s point of view either. “We came to Brussels to make a decision. Probably, we will agree upon the provision of bilateral assistance from the IMF and the EU,” he said before the summit. Mr. Juncker acknowledged that it would be very difficult to overpersuade Germany.
Spanish Prime Minister Jose Luis Zapatero said that Europe’s assistance to Greece would be a loan, which the nation would have to return with interest. Zapatero added that all countries of the euro zone must take responsibility to help Greece, the IMF was not necessary at all, he said. Greek Prime Minister George Papandreou said prior to the summit that the situation in Greece – a 300-billion-euro debt and a 13-percent budget deficit – was a challenge to the entire euro zone. As a result, All 16 euro zone countries have backed a financing plan to help debt-laden Greece, which will include IMF money. The safety net would total up to 22bn euros (£20bn), but would only be used if market lending to Greece dried up.
European Commission President Jose Manuel Barroso said he was “extremely happy that we’ve reached this deal”, calling it “a right decision”. The joint eurozone and International Monetary Fund bail-out program envisages strict conditions and requires the unanimous agreement of the 16 euro zone nations to release loans. The agreement included no numbers, but officials in Brussels speaking on condition of anonymity said the total package would be some 22bn euros.
The euro rose from a 10-month low against the dollar after European leaders meeting in Brussels endorsed a Franco-German proposal to assist Greece through a mix of International Monetary Fund and bilateral loans, Bloomberg said. Europe’s currency advanced for the first time in four days versus the dollar after European leaders put the IMF on standby to help debt-stricken Greece.The euro will likely fall to $1.20 to $1.25 against the dollar over the next 6 to 12 months.
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Bond Market Verdict: Treasuries Riskier Than Toilet Paper!
- America needs to borrow about US$1.6T for this financial year and needs to refinance about US$1.9T. At some point in time the market will no longer be able to absorb this much borrowing. The bond market will collapse and bond yields will rise precipitously. Bond market D-Day is inching closer and closer. This week 10 year bond yield rose from 3.6x% to 3.9x%. Will we see 10yr yield rise above 4%? Definitely! The question is: how high will long-term interest rates go? Above 10%? I won’t bet against it! If treasuries are no longer a safe haven, where will the money flow to? My gut says: gold!
Bond Market Verdict: Treasuries Riskier Than Toilet Paper!
…. Bottom line: Bond investors are now viewing Treasuries as riskier than a vast array of corporate debt. They’d rather own bonds backed by sales of toilet paper than the full faith and credit of the United States. If that’s not a sign of how low we’ve sunk, I don’t know what is!
The Proof Is in the Pudding —
The Daily Verdicts Handed Down
By Investors Worldwide
Treasury Secretary Tim Geithner recently sat in front of ABC News cameras and made a solemn pledge. Asked about whether the U.S.’s credit rating would drop below AAA, he said, “Absolutely not.” For emphasis, he added, “That will never happen to this country.”
You know what though? Talk is cheap. Policymakers can bloviate all they want. But the bond market renders its verdict on the credit quality of everyone from municipalities to corporations to governments each and every trading day.
The relative behavior of different types of bonds — and the credit default swaps that reference them — tells you everything you need to know about who is really in good shape, and who isn’t. And right now, the trading action proves the U.S. is guilty of running a profligate, debt-ridden operation, one that’s in worse shape than some American corporations.
The evidence? Bloomberg data shows the yield on Berkshire’s notes due in February 2012 dropped to 0.89 percent, 3.5 basis points below comparable-maturity Treasuries, in mid-March. Berkshire is officially rated AA+ by Standard & Poor’s, one notch below AAA.
Procter’s August 2012 notes slipped to 1.12 percent, beating Treasuries by 6 basis points. The consumer products company is rated AA-, three notches below the U.S.
J&J? Its August 2012 notes yielded 3 basis points less than Treasuries as of mid-February. Unlike the other companies, it is rated AAA. But still, you’re talking about an astounding thing here.
The Market Is Speaking.
Will Washington Listen?
Look, corporations don’t have the vast holdings, legal standing, or massive resources of sovereign nations. Their fortunes can rise and fall with the economy. They can go broke. Their bonds almost always trade with a yield “spread” to Treasuries to account for those additional risks. But that’s starting to change …
Because of the crazy “borrow, print, spend” policy here in the U.S., investors are backing away from sovereign debt and gravitating toward corporate securities. The auctions of $42 billion in 5-year Treasury notes and $32 billion in 7-year notes this week were stark examples of Uncle Sam’s fading fortunes. Bidding was weaker than expected and the Treasury was forced to offer generous yields to get the money it desperately needs. The message from the markets is loud and clear: Get your financial house in order … or we’ll FORCE you to do it!
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A London Trader Walks The CFTC Through a Silver Manipulation in Advance!
- The western Illuminati controls the fiat currency central banking system. They have an effective hegemony over the entire world’s financial and economic system. They view gold and silver as the main threat to their fiat currencies. This is why, via the Illuminati owned, gold cartel bullion banks they constantly attack the precious metals market to drive prices of gold and silver down.
- Should gold and silver prices escalate, it means that the world view gold and silver as more precious than fiat currencies. Remember, gold and silver have been money for 5000+ years, throughout history, throughout numerous empires and cultures. A return to gold and silver will spell the end of the Illuminati controlled fiat currencies central banking system. It will spell the end of their One World Government, One World Currency, One World Central Bank plan.
Additional Statement by Bill Murphy, Chairman Gold Anti-Trust Action Committee to the U.S. Commodity Futures Trading Commission, Washington, D.C., March 25, 2010
On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.
In November 2009 Maguire contacted the CFTC enforcement division to report this criminal activity. He described in detail the way JPMorgan Chase signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.
On February 3 Maguire gave two days’ warning by e-mail to Eliud Ramirez, a senior investigator for the CFTC’s Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. On February 5, as market events played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress. It would not be possible to predict such a market move unless the market was manipulated.
In an e-mail on February 5 Maguire wrote: “It is common knowledge here in London among the metals traders that it is JPM’s intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in this loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC’s allowing by your own definition an illegal concentrated and manipulative position to continue.”
Expiry of the COMEX April call options is tomorrow, March 26. There was large open interest in strikes from $1,100 to $1,150 in gold. As always happens month after month, HSBC and JPM sell short in large quantities to overwhelm all bids and make unsuspecting option holders lose their money. As predicted by GATA, the manipulation started on March 19, when gold was trading at $1,126. Last night it traded at $1,085.
This is how much the gold cartel fears the CFTC’s enforcement division. They thumb their noses at you because in more than a decade of complaints and 18 months of a silver market manipulation investigation nothing has been done to stop them. And this is why JPM’s cocky and arrogant traders in London are able to brag that they manipulate the market.
This is an outrage and we are making available to the press the e-mails from Maguire wherein he warns of a manipulative event. Additionally Maguire informed us that he has tape recordings of his telephone communications with the CFTC, which we are taking the appropriate legal steps to acquire.
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Philip Manduca: “We Are At A Tipping Point” And The Only Thing That May Save The Euro Is A Collapse Of The US!
- This sovereign debt crisis will have devastating consequence! It will collapse the economies of the Eurozone, US, UK and Japan. The Illuminati endgame is world war! See also:
Europe Rocked By Greece, Portugal Debt Fears!
Jim Rogers: Greece Bailout, Euro And EU Future!
This Year US Public Debt Could Reach End Game !
U.S. Is Riskier Than Euro Zone; So Says CDS Market !
Gerald Celente: Great 2010 Crash is Looming !
Bob Chapman: The Illuminist World Economic Collapse Bomb!
MEP: Euro Will Collapse, ‘Pig States’ To Bring EU Down !
ECB’s Nowotny Says Governments May Face Threat of ‘Debt Spiral’!
Moody’s Fears Social Unrest As AAA States Implement Austerity Plans!
Jim Rogers: Social Unrest, Debt Default & Government Corruption!
Marc Faber And Mish Shedlock: We’re Doomed and Washington Can’t Do Anything About It !
Collapse of the American Empire: Swift, Silent, Certain!
Bob Chapman: World Constitution, World Government and World Currency Run by Banksters! The Rise of The ‘Mystery Babylon Whore’ of Revelation 17!
Bob Chapman: Sovereign Debt Default, Dollar Devaluation, Economic Depression and War!
Europe’s Banks Brace For UK Debt Crisis!
Max Kaiser Details The Banking Cartels Financial Criminality in Pillaging Europe!
Riots in Athens as Thousands Protest Against Cutbacks!
Bill Fleckenstein: Greece And UK Are Suffering A Dire Funding Problem That Is Headed For US Shores!
Fitch Warns Britain and Questions Greek Rescue as Sovereign Risks Grow!
Bob Chapman: The Albatross of Sovereign Debt!
Marc Faber: Forget US Stocks, Buy Gold Every Month ‘Forever’!
Bob Chapman: The World is Heading Towards Many Years of Economic Darkness!
Bill Gross: Markets Will Soon Discover How Sovereign Nations Can Go Bust Just Like Companies!
Greece Now, U.K. Next as Scots Ready for Pound Plunge !
Ron Paul: The US Government’s Debt Can Never Be Repaid!
Bob Chapman: Illuminati Banksters’ Final Moves To Bankrupt The World And Push For World Government!
Dennis Gartman: The Euro Is ‘Doomed’ !
Concerns Grow Over China’s Sale of US Bonds!
Doomsday Is Here For The State Of Illinois!
Ron Paul: Chaos in The Streets and Poverty Coming To the USA!
Charlie Munger: Basically, It’s Over! A Parable About How One Nation Came To Financial Ruin!
On the Brink of a Bond Market Apocalypse!
Ron Paul: We Are On The Brink Of A Financial Cataclysmic Event ! We Will Have A Currency Crisis!
GEAB N°42 : Towards a Global Systemic Crisis of the World Economy!
Britain At Risk Of Worse Deficit Crisis Than Greece!
Charles Ortel: Risks of U.S. Default Are Very Real !
Bill Gross: Avoid UK Debts … It is “Resting On A Bed Of Nitroglycerine”!
Europe’s Exposure To ‘PIGS’ Problem!
Niall Ferguson: A Greek Crisis Is Coming To America!
Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse!
Spanish Intelligence Probing Debt “Attacks”!
Fears Rise of Euro Government Default !
Greece ‘Dress Rehearsal’ For U.S.!
20 Reasons Global Debt Time Bomb Explodes Soon!
John Mauldin: Greeks Bearing Gifts!
Niall Ferguson: Others Will Follow Greek Debt Tragedy!
Funds Flee Greece as Germany Warns of “Fatal” Eurozone Crisis!
S&P Threatens Japan Downgrade!
Bill Gross: Avoid UK Debts … It is “Resting On A Bed Of Nitroglycerine”!
The Global Debt Bomb!
Godfrey Bloom: End of National Sovereignty & The Beginning of Global Servitude !
Greece Debt Default Could Take Eurozone Down With It !
More and More American States on Budget Brink!
Is The Euro Headed For A Breakup? ECB Prepares Legal Ground For Euro Rupture As Greek Crisis Escalates!
GEAB N°41: The Decade 2010 – 2020, Towards A Knockout Victory By Gold Over The Dollar!
GEAB N°40: Growing Sovereign Debt Default Risk Will Drive Central Banks Toward Gold!
Global Systemic Crisis: In pursuit of the Impossible Economic Recovery !
GEAB: China’s Great Escape from the Dollar Trap !
Eurozone Faces Meltdown Under Sovereign Debt Crisis 2010 !
Marc Faber: We Are Doomed!
Dollar Crisis Looms if US Doesn’t Curb Debt !
Marc Faber: The Next Thing You Need To Worry About Is The PIIGS! Eurozone Sovereign Debt Default Crisis!
A Global Fiasco Is Brewing In Japan!
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ThinkTank: Israel Could Use Tactical Nukes On Iran!
- The world has turned upside down. We have the Zionist state of Israel constantly threatening war against its neighbours, always lying and playing the victim. Then, we have Iran who does not have any nuclear weapons, has abide by the rules of the international community and has signed and complied with the Nuclear Non Proliferation Treaty. Zionist Israel has a few hundred nuclear bombs. It has violated hundreds of UN resolution and has never signed the NNPT. Who is the aggressor here? The western MSM paints Iran as the aggressor. This is pure nonsense and deliberate propaganda to promote war! What we are seeing is the Satanic 3 World Wars Plan being played out.
1980 Jewish Almanac
“Strictly speaking it is incorrect to call an ancient Israelite a ‘Jew’ or to call a contemporary Jew an Israelite or a Hebrew.”
(1980 Jewish Almanac, p. 3)
- The Zionist State of Israel is not the Israel of the Bible. Would God use the Satanic Star of David symbol for his beloved Israel? 6 pointed star, 6 mini-triangles surrounding 6 sided hexagon! ’666′ . It is not a biblical or Jewish symbol. Much rather it is an occult symbol. Christians should open their eyes and realize they are being deceived. It is the same Satanic methodology: subtlety and deception. Does God condone the murder, genocide of Palestinian women, children and civilians? Does God condone oppression of the Palestinians? I don’t think so!
JERUSALEM (Reuters) – Deeply concerned as it is by the risk of a nuclear-armed Iran, Israel has never even hinted at using atomic weapons to forestall the perceived threat.
But now a respected Washington think tank has said that low-radioactive yield “tactical” nuclear warheads would be one way for the Israelis to destroy Iranian uranium enrichment plants in remote, dug-in fortifications.
Despite the 65-year-old taboo against carrying out — or, for that matter, mooting – nuclear strikes, the Center for Strategic and International Studies (CSIS) says in a new report that “some believe that nuclear weapons are the only weapons that can destroy targets deep underground or in tunnels.”
But other independent experts are on record warning that such a scenario is based on the “myth” of a clean atomic attack and would be too politically hazardous to justify.
In their study titled “Options in Dealing with Iran’s Nuclear Program,” CSIS analysts Abdullah Toukan and Anthony Cordesman envisage the possibility of Israel “using these warheads as a substitute for conventional weapons” given the difficulty its jets would face in reaching Iran for anything more than a one-off sortie.
Ballistic missiles or submarine-launched cruise missiles could serve for Israeli tactical nuclear strikes without interference from Iranian air defenses, the 208-page report says. “Earth-penetrator” warheads would produce most damage.
Israel is widely assumed to have the Middle East’s sole atomic arsenal. Israeli leaders do not comment on this capability other than to underscore its deterrent role; President Shimon Peres has said repeatedly that “Israel will not be the first to introduce nuclear weapons to the region.” A veteran Israeli defense official, speaking on condition of anonymity, said preemptive nuclear strikes were foreign to the national doctrine: “Such weapons exist so as not to be used.”
….
There has been speculation that the United States — which, like Israel, has not ruled out military force to deny Iran atomic arms — could itself resort to tactical nuclear strikes. The Pentagon’s 2002 Nuclear Posture Review, which was leaked to the media, spoke of the need to develop new “mini-nukes” for defeating bunker systems. The review cited Iran among potential enemies that might eventually warrant a U.S. nuclear deployment.
Yet Toukan and Cordesman think it “very unlikely that any U.S. president would authorize the use of such nuclear weapons, or even allow … a strong ally such as Israel to use them, unless another country had used nuclear weapons against the U.S. and its allies.”
They say the United States would be central to any diplomatic solution to the Iranian standoff and is the only country that could launch a successful military strike on Iran. International experts who contributed essays to the 2003 book “Tactical Nuclear Weapons” mostly shied from hawkishness.
“Who could predict what might happen next if (the) taboo on the use of nuclear weapons were to be broken?” wrote former CIA director Stansfield Turner. “Getting tactical nuclear weapons under control, rather than attesting to their use by building new ones, should be our goal.” Princeton University physicist Robert Nelson assailed the idea that tactical nuclear weapons, detonated below ground, would pose tolerable risks for civilians and the environment. “This is a dangerous myth. In fact, shallow buried nuclear explosions produce far more local fallout than air or surface explosions of the same yield,” he argued.
Sam Gardiner, a retired U.S. air force colonel who runs wargames for various Washington agencies, said an Israeli decision on using non-conventional weapons against Iran would come down to how far its nuclear program was to be retarded. Israel supports efforts by world powers to rein in Iran — which denies seeking the bomb — through sanctions, and some experts say any pre-emptive Israeli strike would aim to jolt international diplomats into finally knuckling down on Tehran.
“If a 3-to-5 year delay were the Israeli objective, I expect it would drive their target people to say the only way it could be done is with tactical nuclear weapons,” Gardiner said. “I expect the Israeli objective to be more like a year. That is doable without tactical nuclear weapons.”
- See also:
The Iran Threat in the Age of Real-Axis-of-Evil Expansion!
Bomb, Bomb Iran? US In ‘Same Build-Up To War As To Iraq Invasion’ !
Ray McGovern: Could The Next Major World War be in Iran?
Ex. British Military: The Illuminati Plans World War 3 in 18 – 24 Months!
Lindsey Williams: Reality Disk 3. World War Planned After 2 Years. It Will Be Triggered In The Middle East!
Anglo-Israeli “Doomsday” War Scheme Advances!
2010: U.S. To Wage War Throughout The World!
Illuminati: The Hidden Agenda for World Government!
The United Nations and The Occult Agenda. The Coming One World Religious System!
US Offers Base For Terror? CIA Alleged Militant Link In Iran!
Lavrov: Still NO Proof of Iran’s Nuclear Weapon Decision !
The Construction of the Iran “Threat”: The Iran Versus the U.S.-Israeli-NATO Threats
Wars and Rumours of Wars: Coming Greater Middle East War To Trigger World War 3?
Did Ahmadinejad Really Called for Israel To Be ‘Wiped Off the Map’?
Iran Protests Courtesy of CIA
World Believes in The Same Iraq Style Lies About Iran
Ron Paul: Sanctions on Iran are an Act of War!
Iran FM Plays Down Threat of Pre-Emptive IDF Strike!
Intelligence Agencies Say No New Nukes in Iran
Iran to Completely Drop Dollar from Foreign Exchange!
The Real Reason for the Coming Iranian War: Oil and Pipeline Infrastructure!
Lavrov: No Proof Iran Makes Atomic Bomb!
The Real Reason Why USA & Israel Will Attack Iran!
America and Israel: More Lies, More Deception on Iran!
An Attack on Iran By America and Israel: Gold’s Blast-off?
Israeli, US Army Chiefs Hold Secret Talks on Iran!
Key Facts to Keep in Mind While Opposing War Against Iran!
Former UN Weapons Inspector: United States, Israel Creating Iran Crisis ‘Out of Nothing’.
Iran NOT After Nuclear Weapons, says IAEA Chief!
Ray McGovern: IRAN is IRAQ Part 2 !
Iran vs Israel: What The Media Wants You To Forget !
Iran, IAEA, Another War in the Works !
Iran’s Nuclear Program: Iran Truthful, in Treaty Compliance; US/Israel Lying, in Treaty Violation! False Flag, Lies and Nuclear Bombs!
Liberals and Democrats Will Support the Coming Mass Murder Campaign Against Iran !
Turkish President Erdogan: Focus on Israeli Nukes, not Iran Nuclear Energy Program !
Iran’s Nuclear Facilities: The Facts! Who is Really Destabilizing the Middle East?
Former UN Chief Inspector: There Were NO WMD in Iraq!
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Engdahl: Wall Street Pulled Greek Plug To Distract From Dollar Disaster!
- William Engdahl is correct: this is financial and economic warfare. The problems with Greece and the PIIGS are known for the better part of a decade. Why is the market making this into a crisis now? It is intentional and planned long ago.
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
