Greece ‘Going Under’ to Drive Gold Jump!

• Yes, the moment is coming when the masses will realize that fiat currencies are in trouble! The Europeans are waking up to this reality and gold is making record highs in UK Sterling and Euro. Gold is also making record highs in JPY. It is a matter of time before gold embark on a smashing run against the USD.
    
  April 29 (Bloomberg) — Gold may rally to a record as the European sovereign debt crisis escalates, with Greece “going under” and investors losing confidence in paper currencies, said David Crichton-Watt, manager of Phoenix Gold Fund Ltd.
   
  “I would be surprised if the gold price doesn’t go over $1,500 this year,” said Crichton-Watt, whose $100 million fund returned 122 percent last year. Gold, which touched a record $1,226.56 an ounce in December, may also benefit from resurgent inflation, Crichton-Watt said in a phone interview today.
   
  The Greek public-debt crisis has infected financial markets worldwide, hurting equities and boosting gold, amid rising investor concern the nation may default. Gold was benefiting from safe-haven buying as contagion risks expanded, according to a report from Edel Tully, an analyst at UBS AG. Holdings in the SPDR Gold Trust climbed to an all-time high this week.
   
  “Now we’ve got Greece going under and a lot of other countries looking likely to follow,” said Kuala Lumpur, Malaysia-based Crichton-Watt, 62. “It’s really a declining confidence in paper currencies,” Crichton-Watt said.
   
  Bullion has risen 30 percent in the past year as investors from central banks to pension funds and individuals sought protection against currency debasement and inflation after governments spent $2 trillion to salvage the global economy from the worst recession since World War II. The precious metal has posted nine straight yearly gains from 2001.
    ….
  “There’s a potential for further price gains in gold as an inability by some European countries to service debt fuels flight-to-quality sentiment,” said Chris Yoo, head of the global derivatives team at Samsung Futures Inc. in Seoul.

end

Dr. Rima Laibow Explains The Illuminati Depopulation Agenda!

• Dr Rima Laibow is speaking the truth! The Illuminati want to ‘get rid’ of as much as 90% of world population! This is planned genocide. Vaccines are used actively to sterilize women, especially in 3rd world countries. Of course, these snakes will not tell you what is really in the vaccines. The Illuminists own most of the central banks, Big Pharma, MIC, large industrial corporations… of the world. Quotes:
   
  “The WHO is a private corporation just like the Federal Reserve and receives more than two thirds of its funding from the pharmaceutical industry.”
   
  What a head of state told Dr Laibow in 2002: “It’s almost time for the great culling to begin!”
   
• See also:
   
  Profitable Depopulation Plot Links JP Morgan-Chase
  And Goldman Sachs To Vaccination Contaminations
  And BigPharma Corruption
  A medical investigation into suspicious outbreaks and propaganda used to sell drugs and vaccines has exposed investment bankers at JP Morgan-Chase (JPMC) and Goldman Sachs (GS) for plotting to shock/stress, frighten, poison, and kill billions of people most profitably–pharmaceutically–according to the Editor-in-Chief of Medical Veritas journal.
   
  While researching a powerful Partnership for New York City (PFNYC), uniting Wall Street’s wealthiest industrialists, Harvard-trained public health expert, Dr. Leonard Horowitz, and investigative journalist, Sherri Kane, discovered shocking evidence of a conspiracy to commit global genocide by generating diseases and death to advance profitable pharmaceutical depopulation.
   
  Population planners at the highest levels of government and industry conspired to spread diseases, vaccines, drugs, and death most profitably, according to research published in the latest issue of Medical Veritas.

end

More Than a Million in U.S. May Lose Jobless Benefits !

• Yes, more green shoots. These people who have exhausted their jobless benefits will be taken out of the official unemployment statistics. They will be classified as ‘too lazy to get a job’! So, we should take them out from the unemployment stats! Main Street is getting killed while Wall Street is awarding themselves billions of dollars in bonus via their fraudulent mark to fantasy accounting! The snakes are using the oxymoronic: ‘jobless recovery’ phrase. They are willing to give unlimited amount of bailout monies to banksters while stuffing the people with the bill. But bailing out the people is a no-no. Bloomberg reports:
    
  April 29 (Bloomberg) — Since the U.S. recession began in December 2007, Congress has extended the length of unemployment benefits for the jobless three times. Now, the lawmakers may have reached their limit. They are quietly drawing the line at 99 weeks of aid, a mark that hundreds of thousands of Americans have already reached. In coming months, the number of those who will receive their final government check is projected to top 1 million.
   
  It’s a deadline that has rarely been mentioned in recent debates over jobless benefits, in which Republicans have delayed aid because of cost concerns. The deadline hasn’t been lost on Teauna Stephney, a 39-year-old single mother from Bothell, Washington, who said she could become homeless once her $407 weekly checks stop in June.
   
  “What are people like me supposed to do?” said Stephney, who said almost two years of benefits haven’t proved long enough for her to find work after she lost her last job in August 2008. Referring to lawmakers, she said, “I would like them to come and talk to me and spend a day in my shoes.”
   
  Democrats who have pushed through the past extensions agree there’s insufficient backing to go beyond 99 weeks, largely because of mounting concern over the federal deficit, projected to reach $1.5 trillion this year. “You can’t go on forever,” said Senate Finance Committee Chairman Max Baucus, of Montana, whose panel oversees the benefits program. “I think 99 weeks is sufficient,” he said.
   
  “There’s just been no discussion to go beyond that,” said Senator Byron Dorgan, a North Dakota Democrat.
   
  ‘Anxious’
  Some Republicans say cutting off aid will spur people to find work. “We have study after study that shows people are more anxious to get a job after they run out of benefits,” said Representative John Linder of Georgia, the top Republican on the Ways and Means subcommittee with jurisdiction over the unemployment program. “Continuing to extend this isn’t helping them or us.” Allowing the ranks of those who lose their aid to swell carries risks for Democrats in November’s elections.
   
  “They’re damned if they do and damned if they don’t,” said Stuart Rothenberg, publisher of the Rothenberg Political Report. Voters are “sensitive these days to spending and deficit issues and yet there are going to be people who need help, and if the administration ignores them, they’ll look rather callous.”
   
  Negative ‘Atmospherics’
  Baucus said extension legislation would fail in the Senate because of both the deficit and the negative “atmospherics” of lengthening the weeks of aid into triple digits. “The best thing to do is get this economy turned around” to create jobs, said Baucus.
   
  Unemployment aid has become one of the federal budget’s fastest-growing components, with costs this year likely to reach $200 billion. That’s six times what was typically spent before the recession. Since the recession began, aid extensions added 53 weeks of assistance to the 46 weeks that had been in place. About 11 million Americans, roughly 70 percent of the nation’s jobless, in March received unemployment checks averaging $320 per week.
   
  The challenge for lawmakers is that while benefits have reached record lengths, so has long-term unemployment. According to the Bureau of Labor Statistics, 44 percent of the jobless have been out of work for at least six months, the biggest share since the government began keeping track in 1948.
   
  3.4 Million
  About 3.4 million Americans — approximately the population of Connecticut — have been out of work for more than a year, according to a study by the Pew Fiscal Analysis Initiative. The states, not the federal government, track how many exhaust their unemployment benefits, said U.S. Labor Department spokesman Matthew Wald.
   
  Interviews with state officials found that in New York, 57,000 people have received their last check. In Florida, 130,000 are no longer eligible as are about 30,000 Ohioans. Those numbers will grow, according to Goldman Sachs Group Inc., which projects that more than 400,000 may soon begin losing benefits every month.
   
  “The political climate is not as conducive to additional expansions as it had been last year,” a Goldman analysis said. “The result is likely to be a greater share of unemployed workers not receiving unemployment compensation.”

end

European Central Bank President Calls for Corrupt BIS to Boss Global Government in CFR Speech !

• The Illuminist owned central bank cartel is waging a massive war against the sheeple of the world. They have allowed enormous amount of debts to build over the past 1-2 decades via extremely low interest rates. History tells us their method: Allow asset inflation via extremely low interest rates. Thereafter, engineer a collapse by contracting the money supply. This is simply stated: Crack up and Boom!
   
• When the economy collapse, the banksters go in and buy asset at dirt cheap prices, all the while using money provided by the sheeple! They control the printing of fiat currencies and is accountable no no one. Bernanke has publicly admitted that the FedRes essentially printed US$1.3T out of thin air to buy toxic MBS, derivatives…from the banks!
   
• This cabal is intent on rulng the world via One World Government, One World Central Bank and One World Currency. Either the IMF or the BIS will play the role of the One World Central Bank. If the heat is too much from the sheeple, I believe they will sacrifice the IMF to take the blame and goto the BIS. The BIS is, after all, already the central bank of central banks. Paul J Watson has written a well researched article. This is a must read for all who want to know what is really happening behind the scenes!
    
  In a speech before the elitist Council On Foreign Relations organization in New York earlier this week, President of the European Central Bank Jean-Claude Trichet called for the imposition of global governance to be bossed by the G20 and the corrupt Bank of International Settlements in the name of safeguarding the global economy.
   
  In an address entitled “Global Governance Today,” Trichet proclaims how the elite need to impose “A set of rules, institutions, informal groupings and cooperation mechanisms that we call “global governance”. During the course of the speech, Trichet uses the term “global governance” well over a dozen times, outlining how “global governance is of the essence” to avoid another financial crisis.
   
  Section one of Trichet’s speech is entitled, “Why we need global governance,” and from then on he constantly invokes the economic downturn as a justification for empowering secretive, undemocratic and corrupt global institutions with the power to rule the world.
    
  A full transcript of the speech was also carried by the Bank for International Settlements, an international organization of central banks that has constantly lobbied for a centralized global currency to replace that of nation states. Trichet praises the BIS as being “ahead of the curve” in dealing with the financial crisis during the speech.
   
  The primary outfit that will boss the institutions of global governance, according to Trichet, is the Global Economy Meeting (GEM), which regularly meets at the BIS headquarters in Basel. This group, states Trichet, “has become the prime group for global governance among central banks”. The GEM is basically a policy steering committee under the umbrella of the Bank for International Settlements.
   
  The BIS is a branch of the of the Bretton-Woods International Financial architecture and closely allied with the Bilderberg Group. It is controlled by an inner elite that represents all the world’s major central banking institutions. John Maynard Keynes, perhaps the most influential economist of all time, wanted it closed down as it was used to launder money for the Nazis during World War II.
   
  Financial website Investors Insight describe the BIS as “the most powerful bank you’ve never heard of,” labeling it “the most powerful financial institution on earth”. The bank wields power through its control of vast amounts of global currencies. The BIS controls no less than 7% of the world’s available foreign exchange funds, as well as owning 712 tons of gold bullion.
   
  “By controlling foreign exchange currency, plus gold, the BIS can go a long way toward determining the economic conditions in any given country,” writes Doug Casey. “Remember that the next time Ben Bernanke or European Central Bank President Jean-Claude Trichet announces an interest rate hike. You can bet it didn’t happen without the concurrence of the BIS Board.” The BIS is basically a huge slush fund for global government through which secret transfers of wealth from citizens are surreptitiously handed to the IMF.
   
  “For example, U.S. taxpayer monies can be passed through BIS to the IMF and from there anywhere. In essence, the BIS launders the money, since there is no specific accounting of where particular deposits came from and where they went,” writes Casey.
   
  “The bank was a major player promoting the adoption of the euro as Europe’s common currency. There are rumors that its next project is persuading the U.S., Canada and Mexico to switch to a similar regional money, perhaps to be called the “amero,” and it’s logical to assume the bank’s ultimate goal is a single world currency. That would simplify transactions and really solidify the bank’s control of the planetary economy,” adds Casey.
   
   …. to continue reading click here!

end

EMU Domino Fears As Spain Downgraded, Germany Drags Feet on Rescue!

• This Greece mini meltdown will past. I don’t believe the Illuminists are ready to pull the plug on the sovereign debt crisis. They will build this into an even bigger problem over the next 12 months. After which, all Eurozone countries will be stuffed to their noses in debts. They will then detonate this ginormous debt bomb and crash the global economic, financial and currency system. The smart money are all quietly fleeing into hard assets particularly gold!
   
• What we are seeing: is the controlled demolition of the old order to make way for a New World Order. This is for One World Government, One World Bank and One World Currency! This is a planned collapse orchestrated by the Illuminist money powers!
   
  German leaders have agreed in principle to a rescue package of up to €135bn for Greece in emergency talks with EU and IMF officials, but failed to offer any clarity on the conditions for such aid.
    
  Hopes for a respite for Southern Europe’s battered bond markets were quickly dashed as Standard & Poor’s downgraded Spain. Rainer Brüderle, Germany’s economy minister, said the Greek bail-out would be much larger than first thought, acknowledging that Greece cannot hope to tap the private debt markets for three years.
    
  The heads of the European Central Bank and the International Monetary Fund made a joint pilgrimage to Berlin, pleading with lawmakers in the Bundestag to throw their full weight behind rescue efforts before the chain-reaction spreads to Portugal and the rest of the EMU periphery. Their presence as supplicants in Berlin marks the symbolic moment when Germany appears the undisputed master of Europe.
   
  Dominique Strauss-Kahn, the IMF’s chief, said the stability of the eurozone itself is in danger. “We need to act swiftly and strongly,” he said. German Chancellor Angela Merkel once again refused to give concrete assurances, leaving the markets as wary as ever over the real intentions of Berlin. “This is about the stability of the euro overall, and we won’t avoid this responsibility. But the challenge is for Greece to accept an ambitious program,” she said.
   
  “Europe risks the biggest coordination failure in modern history,” said David Simmonds, research chief at RBS. The Berlin talks are as vague as ever. “We believe that markets will remain very sceptical.” 
     ….
  The Greek debt market came close to disintegration yesterday. Yields on two-year bonds rose briefly to 38pc. “This no longer has anything to do with interest rates: it is a forward contract on the return of the Greek Drachma,” said Charles Dumas, head of Lombard Street Research.
   
  Markets are already looking beyond Greece to Portugal where spreads on 10-year bonds rose to 330 points — higher than the level that first prompted Athens to invoke aid — before falling back on pledges of further austerity. Premier Jose Socrates is to bring welfare cuts planned for 2011 and 2012, accepting that the markets will not give Portugal another year to tackle its deficit of 9.4pc of GDP.
   
  S&P cut Spanish debt one notch to AA with a negative outlook, warning that the fall-out from the housing bust will keep the country trapped in near slump until 2016. It said private sector debt of 178pc of GDP was a major concern. Daniel Cohn-Bendit, leader of the European Greens, said Europe’s handling of the crisis had been “catastrophic” and rebuked Germany for resorting the “discipline of the whip”.
     ….
  Greece knows it can opt for default at any time, setting off an EMU-wide crisis and bringing down Europe’s banks. It also knows that key figures in the Bundestag favour debt restructuring. “Those who chased high yield by purchasing Greek debt must share the costs,“ said Volker Wissing, chair of Bundestag’s finance committee. Leo Dautzenberg from the Christian Democrats said banks should prepare for a `haircut’ of up to 50pc.
   
  The ECB, Brussels, and the IMF have been fighting feverishly to head off such a move, fearing a financial chain-reaction. Julian Jessop from Capital Economics said investors have been too complacent about the EMU crisis. “This could pose as big a risk to the global economy and financial markets as the collapse of Lehman Brothers in September 2008. In some respects the wider fall-out might even be worse,” he said. The world has already used up its fiscal and monetary ammunition. What happens if there is a fresh shock?

end

Nouriel Roubini Warns Greece is Just The ‘Tip of The Iceberg’!

• Greece will be bailed out, no doubt about that. The talk is a bailout package of $120-$135B Euros spread over 3 years. Think about it for a moment: if Greece cannot pay its debts, you lend them even more at a higher interest rate and call it a bailout. The MSM sings: We are all safe and everything is ok. What do you think? How likely is Greece going to pay back the loans after a few years? This is a bankster engineered crisis!
   
• Can the people accept economic depression and eat grass to survive while all available money is sucked dry to pay the banksters? Greece is being sold to slavery to the banksters. Of course, the people must bailout the banksters and give them unlimited monies or the world will end. Will the banksters forgive the debts of the people, debts that were dumped on them by the banksters in the first place? This is just another scam! Bankster debts have been dumped onto sovereign nations and banksters are making the sheeple pay for it.
   
  Greece is just the “tip of the iceberg” of a sovereign debt crisis that has the potential to derail a global recovery, Nouriel Roubini has warned.
  Professor Roubini, the New York-based academic who was one of the few to anticipate the scale of the financial crisis, told a panel in California that the buildup of debt is likely to lead to countries defaulting or resorting to inflation to ease the burden on their populations.
   
  “While today markets are worried about Greece, Greece is just the tip of the iceberg,” Roubini told the Milken Institute Global Conference in Beverly Hills, California. “The thing I worry about is the buildup of sovereign debt.”
    
  Although Greece’s misreporting of the scale of its own debt has helped shatter investors’ faith, the southern European country is not alone in its struggle. The depth of the property bust in both Spain and Portugal has prompted the ratings agency Standard & Poor’s to downgrade the creditworthiness of both.
   
  European leaders, led by German chancellor Angela Merkel, the International Monetary Fund and Greece’s leaders are scrambling to approve a bail-out for Greece as financial markets drive its borrowing costs higher.
   
  “The ripple effects across the market are now more visible,” said Ciaran O’Hagan, an analyst at Societe Generale. “Contagion is amplifying.” Italy’s sale of up to €8bn euros of debt today will, according to analysts, provide a good gauge of whether the concerns about Greece and Portugal are spreading to other members of the Eurozone.

end

Tsunami Alarm: Tarpley Predicts 2nd Wave of Global Crisis Emerging from Greece !

• Financial terrorism! We have large Illuminist bankster corporations that are financially bigger than many countries attacking the Eurozone. Thereafter, UK, Japan and finally America! Why are many countries saddled with huge debts? They have been bailing out the banksters! Corrupt governments are providing banksters with unlimited bailouts and funding. In America alone, the bailouts, loan guarantees… amount to about US$27T for these banksters. This is an engineered crisis against the sheeple!

end