- See also:
New Generation 3D Holographic Projections!
Sony Holographic Display!
Touchable Holography Technology
- Alot of the reports in the financial MSM is to sell the Illuminist agenda. It motivates by spreading real or imagined fear. It is for the subtle manipulation of the currency market too. The sheeple are being herded subconsciously in the direction their Illuminist hidden masters want them to go.
- Is there a Euro crisis? Yes, there is. But it is an engineered crisis for the further integration/conquest of Europe via fraudulent finance. The FedRes’ capital base is only a few hundred billion dollars. How did it conjure up something like US$12.3 Trillion to lend out during the 2008 crisis? The money was created out of thin air. Similarly, the ECB and the privately owned Illuminist central banking cartel has that ‘ability’. It is legalized counterfeiting!
- When the banks are in trouble, the Illuminist central banksters run to their aid. They exaggerate the problem many fold via the corporate MSM. It is all perception management and propaganda. ‘We cannot let the banks fail or the whole world will end!’ What is really happening is the financial raping of the sheeple by the banksters. Profits are kept private (ie in Illuminists’ hands) while losses are socialized (ie stuff down the throat of the sheeple!).
- The Illuminist plan is for a One World Currency, Global Supra-National Central Bank and by extension World Government. At some point in time they will pull the plug on all major currencies ie cause them to collapse. They will then bring out their pre-planned World Currency solution. The rest of the world which refuses to fall into this new world ’666′ financial hegemony will be bombed by their MIC into compliance!
Euro at risk of collapse, says Treasury watchdog as economic crisis sweeps Continent
The Euro is at risk of collapse as economic crisis sweeps the continent, Britain’s independent Treasury watchdog warned last night. ‘General consensus’ is that currency unions ‘eventually fail’, Professor Steve Nickell, a senior member of the Office for Budget Responsibility, told MPs on the powerful Treasury Select Committee. And the OBR’s chairman, Robert Chote, added: ‘We are not assuming a cataclysmic outcome for the eurozone but, as Steve said, monetary arrangements come and monetary arrangements go.’
The admission by the leading economists came as eurozone finance ministers held an emergency meeting in Brussels to discuss possible measures to shore up the single currency.
Greece and Ireland have already been forced to accept bailouts – with Britain making its own £3.2billion direct loan to Ireland. There are fears Portugal and Spain may be next to go cap in hand for assistance from the EU and the International Monetary Fund.
Professor Nickell added: ‘Of course there is a possibility it will collapse, but at the moment it is not something to which I would assign a high probability.’ Both he and Mr Chote warned that the OBR had not incorporated into its forecasts any attempt at working out what would happen to the UK economy if the euro imploded.
Prof Nickell, a former member of the Bank of England’s Monetary Policy Committee which set interest rates, said he ‘would be quite happy’ to do so ‘if we felt it was a real concern’.
Meanwhile, top European officials yesterday insisted they have enough financial firepower to deal with Europe’s government debt crisis – but they id not rule out increasing the bailout fund in the future. Jean-Claude Juncker, who chaired a meeting of the eurozone’s 16 finance ministers on Monday, said that there wasn’t any immediate need to increase the £635 billion financial backstop despite concerns that it just isn’t enough. The fund is for eurozone governments in danger of running out of money.
‘For the time being, there’s no need to increase,’ Juncker said after the meeting. The big fear in the markets is that Portugal and Spain will join Greece and Ireland in needing a financial lifeline – and that Europe might not have enough bailout money available to cope. In May, eurozone governments and the International Monetary Fund set up the giant financial backstop for the currency bloc.
The majority is managed by the European Financial Stability Facility, which can issue up to £332 billion in bonds guaranteed by eurozone governments. The EU’s executive Commission can lend an additional £50 billion, while the IMF has said it would contribute up to £211 billion. The idea behind the facility was to reassure bond markets that countries would be able to pay – and halt the selloff of government bonds. Klaus Regling, who heads the EFSF said that Ireland’s £72 billion bailout agreed last month will use up less than 10 per cent of the total backstop. ‘There are sufficient resources left to deal with other relevant cases,’ Regling said.
In Ireland, the Government unveiled the most feared budget in living memory. The massive £5 billion cost-cutting package slashed social welfare, including jobseekers and child benefit.
- Eurozone calamity dead ahead. It is a matter of when not whether. Nothing has been resolved. More debts (bailouts) have been piled upon existing debts. And they call this bailout? No one has been bailed out, except for the banksters! The can has been kicked further down the road and the bill stuffed down the throat of the sheeple! What a marvellous SCAM !
Walker’s World: The euro’s endgame
WASHINGTON, Dec. 6 (UPI) — It doesn’t take a seer to predict the next agonizing crisis for the eurozone. It simply requires a calendar. … the Irish crisis has simply been postponed, rather than resolved, by the latest $100 billion bailout devised last week by Ireland’s European partners.
Spain has to raise funds next year to roll over some $200 billion in existing bonds that fall due and also to finance next year’s deficit which is likely to exceed $100 billion. Spain’s autonomous regions, with debts of another $130 billion, are another problem.
The great question is how much interest will Spain have to pay to borrow these sums. French Finance Minister Christine Lagarde is right to complain that “irrational” bond markets demand that Spain pay the same interest rates as Pakistan. But the bond markets must be given an incentive against the prospect of default. Currently Spain has to pay almost 3 percent more than the German interest rate, which will be punishing, given that Spain’s economy is unlikely to grow even as much as 1 percent next year.
Then there is Italy, which has a state debt of $2.4 trillion and which is expected to be in the market to borrow at least $400 billion and maybe as much as $500 billion next year. Italy is having to pay interest that is 2 percent higher than German rates.
All of this is unsustainable and the markets know it. Given the collapse of their growth rates, Greece and Ireland won’t be able to repay their debts. Portugal, Spain and Italy wait nervously in the wings. Behind them, Europe’s banks are even more nervous at the talk of haircuts and defaults, since they have more than $2 trillion at risk in these wobbly countries. If and when defaults start, Europe’s banks will face a collective Lehman Brothers moment.
This week, the European Central Bank calmed the markets with massive interventions, buying tranches of hundred-billion euro bonds from Ireland and Portugal to push their borrowing rates down by a full percentage point. This is something the orthodox and cautious ECB hates to do but it felt it had no choice, such is the gravity of the threat.
There are now four scenarios for the euro. The first is that the eurozone moves to full fiscal as well as monetary union, with a common tax and budget policy and automatic cash transfers from richer to poor countries, much as New York exports money to poor states like Alabama. Another way to do this would be to have a single euro-bond, which would mean Germany guaranteeing the bonds of everyone else. Politically, this is very unlikely, since either course would require endless German subsidies.
The second scenario is that the ECB continues to buy the dodgy bonds of insolvent countries, in the hope that the savage austerity programs and long-delayed structural reforms (like raising the retirement age) will turn them into German-style powerhouses, or at least into paragons of fiscal orthodoxy. This is unlikely to succeed but it will at least buy time.
The third scenario is for “restructuring” of the weak countries’ debt, a polite way to describe a soft default. This could be through an agreement to extend the terms of loans or to defer interest payments, which the banks and bond-holders would hate but they may have little choice. This would shift the focus of the threat to Europe’s banks, which may have to be bailed out by the ECB in their turn.
The fourth scenario, a breakup of the euro, would be catastrophic for world financial market and for Europe. There would be massive bank failures and new currency controls. Germany would lose many of its export markets as a new deutsche mark would rise in value to punitive levels. For the Greeks, Portuguese and the Spanish, this would mean that existing euro debts would have to be paid in the new weaker national currencies and the level of debt wouldn’t just be 150 percent of their gross domestic product, but up to 250 percent. The domino effect of credit default swaps for failing banks would be another Lehman Brothers moment for the global financial system.
As we wait for the next Irish crisis and the next German election, the stakes are very high indeed.