Germany Slams ‘Stupid’ US Plans To Boost EU Rescue Fund !
- This is just more political theatre. The Illuminist plan is to collapse the Eurozone and then the rest of the world ! A great deal more volatility is coming. The financial tsunami waves will get larger and larger until the entire system collapses! Gold and silver are pretty cheap now. They are your insurance against world financial and monetary system collapse. There will be violent volatile moves going forward in prices. But gold should hit US$3,500/oz and silver US$150/oz within a year!
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Germany slams ‘stupid’ US plans to boost EU rescue fund
By Ambrose Evans-Pritchard, http://www.telegraph.co.uk/
Germany and America were on a collision course on Tuesday night over the handling of Europe’s debt crisis after Berlin savaged plans to boost the EU rescue fund as a “stupid idea” and told the White House to sort out its own mess before giving gratuitous advice to others.
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German finance minister Wolfgang Schauble said it would be a folly to boost the EU’s bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.
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“I don’t understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense,” he said.
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Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is “scaring the world”.
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“It’s always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government,” he said.
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The comments risk irritating the White House. US Treasury Secretary Tim Geithner has been a key driver of plans to give the EFSF enough firepower to shore up Italy and Spain, fearing a drift into “cascading default, bank runs and catastrophic risk” without dramatic action.
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…. for the complete article click here!
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Economist John Perkins: The Global Elite’s Crime Syndicate!
- See also:
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John Perkins: Libya – It’s Not About Oil, It’s About Currency and Loans!
‘Global Economic Crisis’ Exposes Plans For a Global Military Dictatorship!
Confessions of an Economic Hit Man – John Perkins
John Perkins: The Secret History of the American Empire
John Perkins: The CIA & Chiquita Inc Engineered Coup in Honduras?
Economic Hitman! Western Predatory Capitalism!
Swiss Banker Unmasks Bilderberg Criminals!
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Keiser Report: Pax Americana Pyramid Nightmare!
- YouTube:
This week Max Keiser and co-host Stacy Herbert discuss “Operation Twist”, “BMW Town” and other pyramid schemes. In the second half of the show, Max talks to in-studio guest Joe Weisenthal of Business Insider about Operation Twist, monetary policy and Groupon.
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Israel Impunity Intact on Ground, Palestine Bid a Fixed Game!
- Modern Judaism is not the religion of the Bible! See here!
- Modern Ashkenazi Jews are not the Jews of the Bible! God’s covenant was with Abraham and his biological descendents. Ashkenazi Jews are not semitic and their ancestors were never in Palestine. They are not the descendents of Abraham/Isaac/Israel. They have no right to stay in Palestine. What the Zionists are doing to the Palestinians is called: genocide and ethnic cleansing! Zionist ’666′ Israel is not the Israel of the Bible! It is a LIE!
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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)
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The Jewish Encyclopedia:
“Khazars, a non-Semitic, Asiatic, Mongolian tribal nation who emigrated into Eastern Europe about the first century, who were converted as an entire nation to Judaism in the seventh century by the expanding Russian nation which absorbed the entire Khazar population, and who account for the presence in Eastern Europe of the great numbers of Yiddish-speaking Jews in Russia, Poland, Lithuania, Galatia, Besserabia and Rumania.”
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The American Peoples Encyclopedia
… for 1954 at 15-292 records the following in reference to the Khazars: “In the year 740 A.D. the Khazars were officially converted to Judaism. A century later they were crushed by the incoming Slavic-speaking people and were scattered over central Europe where they were known as Jews.
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According to the standard Jewish Encyclopedia 96% of all the Jews known to the world today are descendents of the Khazar tribes of Russia, Eastern Europe and western Mongolia.
- - The Bible specifically forbids the ill-treatment of people different from us ie: strangers. What Zionist ’666′ Israel does to the Palestinians is called: genocide and ethnic cleansing! Zionist ’666′ Israel is in total violation of God’s law!
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Exodus 22:21
“You shall neither mistreat a stranger nor oppress him, for you were strangers in the land of Egypt.”
Exodus 23:9
“Also you shall not oppress a stranger, for you know the heart of a stranger, because you were strangers in the land of Egypt.”
Leviticus 19:33
‘And if a stranger dwells with you in your land, you shall not mistreat him.’
Leviticus 19:34
The stranger who dwells among you shall be to you as one born among you, and you shall love him as yourself; for you were strangers in the land of Egypt: I am the LORD your God.
Leviticus 23:22
‘When you reap the harvest of your land, you shall not wholly reap the corners of your field when you reap, nor shall you gather any gleaning from your harvest. You shall leave them for the poor and for the stranger: I am the LORD your God.’
Leviticus 24:22
You shall have the same law for the stranger and for one from your own country; for I am the LORD your God.
Ezekiel 47:22-23
22 It shall be that you will divide it by lot as an inheritance for yourselves, and for the strangers who dwell among you and who bear children among you. They shall be to you as native-born among the children of Israel; they shall have an inheritance with you among the tribes of Israel. 23 And it shall be that in whatever tribe the stranger dwells, there you shall give him his inheritance,” says the Lord GOD.
- - The so-called Star of David is a Satanic symbol. Satanists and occult practitioners use it for calling Satan and demons!
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Former Satanist, Bill Schnoebelen (now born again Christian)
“A hexagram must be present to call forth a demon” and ” it is a very powerful tool to invoke Satan”.
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“To the sorcerer, the hexagram is a powerful tool to invoke Satan.” In fact, the word “hex” — as to put a “hex” or “curse” on people — comes from this word.
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If you examine the so-called “Star of David,” or hexagram, closely, you will discover something astonishing. It has six points, forms six equilateral triangles, and in its interior forms a six sided hexagon — thus it reveals the number of Satan’ antichrist beast, — 6 points, 6 triangles, and the 6 sides of the hexagram — 666 !!!
- - See also:
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Bolshevik Jews Plotted The Ukrainian Holocaust!
The Jewish Genocide of 1.4+ Million Armenian Christians!
The Bolshevik Jews Behind The Deaths of 40+ Millions During The Communist Revolution!
YNET Israel News: Stalin’s Jews. We Mustn’t Forget That Some of Greatest Murderers of Modern Times Were Jewish!
Bolshevik Jews Plotted The Ukrainian Holocaust!
Mark Weber: The Jewish Role in the Bolshevik Revolution and Russia’s Early Soviet Regime! During Which 20+ Million Russians Died !
Ashkenazi Khazars (90+% of modern Jewry) are not the Jews of the Bible!
The 2002 Jenin Holocaust of Palestinians By Zionist ’666′ Israel !
Deir Yassin Remembered ! The 1948 Holocaust of Palestinians by Zionist ’666′ Israel !
Jewish Historian Ilan Pappe: History of Zionism – Genocide And Ethnic Cleansing of Palestine!
Jenin Massacre
Jewish Historian Teddy Katz: 1948 Tantura Massacre of Palestinians! Genocide And Ethnic Cleansing!
Zionist ’666′ Israeli Apartheid and The Nakba!
Forget Deir Yassin: Its Victims Were “Unworthy”! The Holocaust of Palestinians by Zionist ’666′ Israel !
Holocaustianity: Zionism’s Big Lie!
Repost: Holocaust, Hate Speech & Were the Germans so Stupid?
Jack Bernstein: The Life of an American Jew in Racist Marxist Israel !
Peace, Propaganda & The Promised Land ! US Media And The Israeli-Palestinian Conflict!
’666′ Star of David, Satanic Curse / Hex(agram) On Humanity! Occult Symbol.
The Historical Truth About Auschwitz!
Jewish Estimate Sees Number of Holocaust Dead Drop To 2.8 Million!
Fred Leuchter: The End of The Auschwitz Gas Chambers Myth!
Fred A. Leuchter, Jr.: Inside the Auschwitz ‘Gas Chambers’!
The Rudolf Report: Expert Report on Chemical and Technical Aspects of the ‘Gas Chambers’ of Auschwitz!
Barbara Kulaszka: What is ‘Holocaust Denial’?
How Many Died At Auschwitz?
How the Illuminati Manipulates Jews!
Hitler Was A Rothschild Jew?!
Norman Finkelstein on Zionism And The Holocaust Industry!
Holocaust Denier Death, Mossad Linked. How Many Jews Died in the German Concentration Camps?
Gideon Levy: Ethnic Cleansing of Palestinians, Or, Democratic Israel At Work?!
Israel Admits It Covertly Canceled Residency Status of 140,000 Palestinians!
Flashback 1990: Holocaust Expert Rejects Charge That Nazis Made Soap From Jews!
Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
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Bacevich: US Wars Serve Powerful Interests!
US: Money only for wars and banksters!
Euro Zone Struggles To Stem Crisis; Obama Urges Action!
- 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…
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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. …
- - Alot of what is happening is really political theatre: the CYA (Cover Your Ass) kind. Illuminist politicians are selling to the public that they are doing all they can to avert global collapse. This is really for sheeple consumption. The real Illuminist plan calls for a global economic, financial and monetary meltdown leading to world war 3!
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Euro zone struggles to stem crisis; Obama urges action
By Emily Flitter and Luke Baker | Reuters
Euro-zone officials are working to magnify the firepower of the region’s rescue fund, European Central Bank policymakers said on Monday, while President Barack Obama piled on pressure for Europe to staunch a sovereign debt crisis that threatens the world economy.
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Obama, saying the crisis “is scaring the world,” urged leaders of the 17-nation euro zone to act quickly to help a region where banks have not fully recovered from the 2008 financial crisis and which is now suffering from the Greek government’s debt crisis.
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“They are trying to take responsible actions but those actions haven’t been quite as quick as they need to be,” Obama told a citizens’ meeting in Mountain View, California.
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After meeting at the IMF/World Bank and G20 meetings in Washington D.C. last week, European policymakers said on Monday they are working on ways to shore up the euro zone financial system and prevent the region’s government debt crisis from spreading, but their mixed messages on the size of a rescue fund and the role of the ECB underscored the difficulties for 17 euro-zone nations in reaching consensus.
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ECB Executive Board member Lorenzo Bini Smaghi, speaking in New York, said that the 440 billion euros in the bailout fund, known as the European Financial Stability Facility (ESFS), could be used as collateral to borrow from the European Central Bank making more money available for crisis fighting, but it was up to European Union governments to decide how to do this.
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“I know that people are thinking about these things. They may not be willing to admit it in the public, but they are thinking about these things,” he said, citing the example of two U.S. programs used to recapitalize banks in the 2008-09 financial crisis.
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Officials are examining “how to leverage the money out of the EFSF in a more innovative and efficient way,” he told a conference organized by Medley Advisors.
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But Germany’s central banker Jens Weidmann poured scorn on a beefed-up bailout fund. Leveraging the assets could discourage politicians from taking the tough political decisions to cut budget deficits and would weaken faith in the euro, Weidmann said in Washington.
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“A bazooka! I don’t think it is a recipe that works in Europe,” he told the American Council on Germany. Markets are not concerned about the size of the rescue fund, rather about the political capacity to deliver, he said. “This is a very dangerous thing. It means you completely blur the responsibility between fiscal and monetary policy.”
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… for the full article click here!
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Greg Hunter: It’s Much Worse than 2008!
- The MSM tells us that things are better! Really? Banks are stronger! Really? I don’t think so. The situation has become orders of magnitude worse. More debts have been piled upon existing debts. The banks which caused all the problems have gotten bigger and are still engaging in their financial casino, derivatives games!
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It’s Much Worse than 2008 !
By Greg Hunter’s USAWatchdog.com
I keep hearing the so-called experts say how much better shape the banks are in now than in the last financial meltdown of 2008. To that, I say horse hooey! Any expert worth his salt knows that nothing has been fixed in the financial system. The problems were papered over with fiat currency and the proverbial can kicked down the road—ting ting ting. You will know things are truly getting better when the banks start valuing the assets on their books at what they can be sold for today, not for what they hope to get for them a couple of decades in the future.
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Even with what I call government sanctioned accounting fraud, the banks are still in just as much trouble as they were in 2008, and probably more. Lost in the cliff dive the markets took last week were the downgrades of three very big U.S. banks. There was zero talk of downgrades in 2008, and now Moody’s has cut the debt rating of Bank of America, Wells Fargo and Citigroup. Last week, Reuters reported, “The government is “more likely now than during the financial crisis to allow a large bank to fail should it become financially troubled,” said the rating agency, a unit of Moody’s Corp (MCO.N). ‘This is crystallizing the fact we’re in a new political reality,’ said Jason Ware, equity analyst with Salt Lake City-based Albion Financial Group.” (Click here for the complete Reuters story.)
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… click here for full article !
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German Turmoil Over EU Bail-Outs as Top Judge Calls For Referendum!
RIP: Rest In Pieces
- The Illluminist money power is working very hard to break the resistance of the German people to the loss of national sovereignty and surrender to the EU central government. It will not be easy and they know it. The plan will not work. The Eurozone will collapse and the Euro is toast! (emphasis mine)
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German turmoil over EU bail-outs as top judge calls for referendum
By Ambrose Evans-Pritchard, http://www.telegraph.co.uk/
Germany’s top judge has issued a blunt warning that no further fiscal powers may be surrendered to Europe without a new constitution and a popular referendum, vastly complicating plans to boost the EU’s rescue machinery to €2 trillion (£1.7 trillion).
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Andreas Vosskuhle, head of the constitutional court, said politicians do not have the legal authority to sign away the birthright of the German people without their explicit consent. “The sovereignty of the German state is inviolate and anchored in perpetuity by basic law. It may not be abandoned by the legislature (even with its powers to amend the constitution),” he said.
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“There is little leeway left for giving up core powers to the EU. If one wants to go beyond this limit – which might be politically legitimate and desirable – then Germany must give itself a new constitution. A referendum would be necessary. This cannot be done without the people,” he told newspaper Frankfurter Allgemeine.
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The extraordinary interview comes just days before the Bundestag votes on a bill to revamp the EU’s €440bn bail-out fund (EFSF), enabling it to purchase EMU bonds pre-emptively and recapitalise banks. Tensions are running high after it emerged over the weekend that officials are working on plans sketched by the US Treasury and the European Commission to “leverage” the firepower of the EFSF to €2 trillion, in conjunction with lending from the European Central Bank.
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Carsten Schneider, finance spokesman for the Social Democrats, demanded that Chancellor Angela Merkel and finance minister Wolfgang Schäuble clarify their “true intentions ” before the vote on Thursday. “A new multi-trillion programme is being cooked up in Washington and Brussels, while the wool is being pulled over the eyes of Bundestag and German public. This is unacceptable,” he said.
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Prince Hermann Otto zu Solms-Hohensolms-Lich, the Bundestag’s deputy president and finance chief for the Free Democrats (FDP) in the ruling coalition, expressed outrage over the secret plans. “Unless the German finance minister can give an immediate assurance that there will be no leveraged formula, I will not vote for this law. We might as well dispense with months of negotiations if all this means is that the Bundestag will be circumvented and served cold left-overs,” he said.
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The accusation that German leaders are conspiring with EU officials to emasculate the Bundestag is highly sensitive, going to the core of the raging debate in recent months over EU encroachments on German democracy.
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Dr Vosskuhle said that the improvisation of far-reaching policies had become “dangerous”, and warned against schemes to circumvent the rule of law with backroom deals. “Germany has a great affinity for the rule of law. People expect the political class to obey the rules.”
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He reminded leaders that the court had set clear boundaries to EU bail-outs in a ruling earlier this month, although it gave the go-ahead for the package of measures agreed so far. “Our judgment makes clear that the Bundestag cannot abdicate its fiscal responsibilities to other actors. And no permanent mechanism may be created that entails taking over the liabilities of other states,” he said. When asked whether eurobonds are off limits, Dr Vosskuhle said any ruling by the judges would be “pretty clear”.
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Ewald Nowotny, Austria’s central bank governor, said it would be a grave error for Europe to try to bounce Germany into decision of huge scope and significance without the assent of the people.
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“It is quite dangerous when a feeling builds up in Germany that the country is being overrun, and specifically, that such an important country is being outvoted in the ECB,” he told Der Standard.
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There is little doubt that Chancellor Merkel can pass the EFSF bill with the help of the Social Democrats and Greens. It is less clear whether she can survive the vote without an absolute majority from her own coalition. Green leader Jurgen Trittin said her government would be “finished” if it has to rely on opposition votes.
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Her task has become that much harder after Standard & Poor’s hinted Germany itself might loose its AAA rating if the rescue machinery is greatly expanded.
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… for the full article click here!
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Germany At War Over Eurozone Bail-Out !
France's President Sarkozy with German Chancellor Angela Merkel. Photo: REUTERS
- The Eurozone sovereign debt crisis is about to get alot worse! All that is happening is for the consolidation of power by the Illuminists. They engineer this crisis to destroy national sovereignties in favour of a fascist central EU government!
- - Gold and silver look really cheap. Make sure you put your savings in physical precious metals. When the financial tsunami waves come, gold and silver are your ultimate protection. They are money for 5000+ years. Fiat currencies are really just a CONfidence Job! (emphasis mine)
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Germany at war over eurozone bail-out
By Philip Aldrick, http://www.telegraph.co.uk/
European officials have confirmed that discussions are afoot to boost the eurozone bail-out fund’s firepower as part of a grand plan to contain the region’s sovereign debt crisis in Greece.
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Confirmation of the talks, however, sparked outrage in Germany, where opposition politicians threatened to derail the plans by voting against a key amendment to the bail-out fund this Thursday. The head of Germany’s constitutional court also piled on the pressure by warning the government not to circumvent the law “by the back door”.
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Policymakers in Europe are working on a three-pronged plan to ringfence the euro crisis around Greece. Under the proposal, banks across the continent would be recapitalised with tens of billions of euros, the €440bn European Financial Stability Facility (EFSF) would be “leveraged up” through the European Central Bank (ECB) to provide €2 trillion of firepower, and Greece would be subjected to a managed default on 50pc of its debt but stay in the euro.
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Officials hope the move would restore confidence in Spain and Italy and calm nervous bond markets. The developments follow mounting international pressure on Europe’s leaders to fix their problems. President Barack Obama said last night that Europe’s debt crisis “is scaring the world”.
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On Monday, EU economic affairs commissioner Olli Rehn, confirmed that the euro bloc is “thinking about giving the EFSF greater leverage, to give it greater strength”.
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German ministers also hinted at plans to leverage the EFSF, but stressed the fund itself would not be increased. Chancellor Angela Merkel said the euro needed a firewall around Greece to stop the attacks on other European states.
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Finance minister Wolfgang Schaeuble insisted the EFSF needed to be more “efficient”, adding: “We are giving it the tools so it can work if necessary. Then we will use it effectively but we do not have the intention of boosting its volume.”
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Leveraging up the EFSF through the ECB, though, would not be without risk. Germany and France could both lose their AAA credit rating, a top official at Standard & Poor’s warned.
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David Beers, head of S&P’s sovereign rating group, said: “There is some recognition in the eurozone that there is no cheap, risk-free leveraging options for the EFSF any more.”
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On Thursday, the German parliament is expected to vote through reforms to the EFSF agreed on July 21 to make it more flexible. However, the latest revelations have redoubled opposition efforts.
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Social Democrat Carsten Schneider said the government should come clean on its “real intentions” and that “the parliament and public are having the wool pulled over their eyes”. His fears appeared to be confirmed by François Baroin, France’s finance minister, who said last week that the reforms would allow the EFSF to conduct joint operations with the ECB.
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Heaping more pressure on Chancellor Merkel, Andreas Vosskuhle, president of the German constitutional court, warned against further transfer of powers to Brussels. “If anyone wants to go beyond these boundaries, which may be politically justified, then Germany needs a new constitution. For that to occur, there must be a referendum,” he said.
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… for the full article click here!
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David Icke: This Economic Crisis Is Engineered by Illuminist Banksters To Drive Us To World Government, Global Supra-National Central Bank And One World Currency!
- David Icke begins at 1.55.
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Bob Chapman: The Correction in Gold & Silver Already Happened , Good Time To Buy!
- Bob Chapman - The Financial Survival – 26 September 2011 : the correction in Gold and Silver market already happened at these levels , this is a great opportunity to buy more physical gold and silver , if it is a bottom that’s great if it is close that’s OK and I am going to be buying today says bob Chapman , these markets are all manipulated it is ridiculous , you can’t use charts forget about it ….
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
