The EU Faces Financial Waterloo!
- There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. – John Adams, 1826
- The naive and gullible believe that everything that is happening now is an accident. They believe that the rulers have good intentions but are simply overwhelmed by the problems. This is not the case. The rulers of this world are Illuminists. Their plan calls for the collapse of the Eurozone, thus triggering global economic, financial and monetary collapse. What they sell to the public is an illusion.
THE PROTOCOLS OF THE LEARNED ELDERS OF ZION (Satanic)
PROTOCOL No. 10
1. … I beg you to bear in mind that governments and people are content in the political with outside appearances. ….
OUR GOAL – WORLD POWER
3. We count upon attracting all nations to the task of erecting the new
fundamental structure, the project for which has been drawn up by us…
4. WHEN WE HAVE ACCOMPLISHED OUR COUP D’ETAT WE SHALL SAY THEN TO THE VARIOUS PEOPLES: “EVERYTHING HAS GONE TERRIBLY BADLY, ALL HAVE BEEN WORN OUT WITH SUFFERING. WE ARE DESTROYING THE CAUSES OF YOUR TORMENT – NATIONALITIES, FRONTIERS, DIFFERENCES OF COINAGES. YOU ARE AT LIBERTY, OF COURSE, TO PRONOUNCE SENTENCE UPON US, BUT CAN IT POSSIBLY BE A JUST ONE IF IT IS CONFIRMED BY YOU BEFORE YOU MAKE ANY TRIAL OF WHAT WE ARE OFFERING YOU.” … THEN WILL THE MOB EXALT US AND BEAR US UP IN THEIR HANDS IN A UNANIMOUS TRIUMPH OF HOPES AND EXPECTATIONS. …
- Without a growth plan, the EU faces financial Waterloo!
by Simon Jenkins, guardian.co.uk
The latest eurozone rescue scheme may save Greece for now, but it fails on a basic rule of classical economics
This really matters. It matters more than party conferences or Libyan wars or terrorist scares or Olympic games. Europe faces a Waterloo moment, perhaps even a Munich one, as 17 of its finance ministers dither over whether to rescue its economy from the financial wreckage of the past three years, or let it plunge into renewed depression.
A bad-tempered weekend at the IMF in Washington has reportedly led to a ghost of a plan that makes sense. It involves halving Greece’s debts to German and French banks, repeating the 21% “haircut” default of last July. This in turn will hurt the banks more than they might stand, so the second part of the plan props them with urgent subsidies. In a third part, some 2 trillion euros would be tipped into the European central bank, somehow to “firewall” the sovereign debts of Portugal and Ireland and perhaps even Italy and Spain.
This plan is first aid at the scene of the accident. But when all bad options have failed, desperate men turn to worse ones. The summer’s stress tests, bail-outs, Greek promises and quantitative easings are dead in the water. Europe’s weaker governments have gone on spending and borrowing, and banks lending. Greece’s chief paymaster, Germany, is fed up and Greece is on the brink of bankruptcy. Its workers will soon not get paid and its government might fall – an echo of Weimar.
Yet even this plan may not happen. It needs the 17 eurozone countries to agree, and this they cannot do. It is the nightmare scenario of Euro-enthusiasts down the ages, of a supposedly united continent collapsing in chaotic indecision, as in 1914 and 1939, and Germany emerging waving the key. The trouble today is that Germany, however benign, is ruled by a coalition crafted by the post-war allies so as never to exercise strong, united leadership. Even if Germany’s government is willing to rescue the euro, its divided assemblies can refuse. They vote on the new bail-out fund tomorrow, and the coalition’s Free Democrats say they will vote against it.
…. for the full article click here!
Sorry, the comment form is closed at this time.