Eurozone Debt Crisis: Talks Break Down as Angela Merkel Rejects Rescue Deal !
- The political theatre continues. The most likely outcome is that the politician snakes will do just enough to kick the can down the road and enslave the sheeple with even more debts. But at most, they will kick it down a further 3 months before things come to a head. The Eurozone will go down sooner or later!
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Eurozone debt crisis: talks break down as Angela Merkel rejects rescue deal
By James Kirkup, and Bruno Waterfield in Brussels, http://www.telegraph.co.uk/
Rows between Europe’s leaders threatened to undermine attempts to rescue the eurozone as it emerged that a make-or-break summit will not address key aspects of the deepening crisis.
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As Germany raised fresh objections to the proposed rescue deal for indebted eurozone countries, the International Monetary Fund signalled it was considering stepping in – a move that could lead to British taxpayers paying to support the single currency.
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Amid mounting Coalition tensions over Europe between the Conservatives and Liberal Democrats, David Cameron will today travel to Brussels, where European Union leaders have promised to hammer out a deal to resolve Europe’s debt crisis.
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But officials admitted last night that many of the details of any deal will not be resolved tonight and will have to wait for another meeting of EU finance ministers at the weekend. The gloomy outlook worried financial markets. The FTSE 100 index closed down at 5525, and shares in Germany, France and the US all fell.
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The single currency rescue effort was left hanging in the balance last night as Germany and Italy both challenged aspects of the likely deal. EU leaders have said a summit tonight will outline plans to cut Greece’s crippling debt burden and expand a bail-out fund meant to support larger EU economies such as Italy and Spain.
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Yet leaders last night appeared to be little closer to settling their long-standing differences on those issues. The biggest row centres on the role of the European Central Bank in bailing out struggling eurozone economies.
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A draft agreement circulated among leaders yesterday suggested that the ECB should go on buying the bonds of troubled members, effectively lending money to them directly.
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… for the full article click here!
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Bill Schnoebelen: Exposing The Illuminati From Within!
- Just who exactly is the Satanic Illuminati? Where did they originate from? What are their religious philosophy and methods ? What has the illuminati, FreeMasons, Nimrod, Knights Templar… got to do with the New World Order ?
- - This is a video lecture by an Ex Satanist Illuminati. Bill Schnoebelen was a Satanic and Voodoo High Priest, 2nd degree Church of Satan, New Age guru, occultist, spirit channeler, 90th degree Mason, Knight Templar and a member of the Illuminati.
- - In June 1984 Bill Schnoebelen turned away from the Illuminati by the power of God unto the Gospel of Jesus Christ. Since 1986 he has been serving as a preacher of God and helping those who were harmed by the illuminati.
- - Bill goes thru the entire history of the Illuminati starting as far back as Nimrod and the Towel of Babel. He traces how the various organizations of the illuminati evolved and operates. Bill shows how the conspiracy works, how it uses the Lodge, the highest echelons of power and technology from secret “black project” operations to form a world government.
- - See also:
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Bill Schnoebelen: UFO, Aliens And The Nephilim EndTime Attack on Humanity!
Bill Schnoebelen: UFOs, Aliens, Masonry And Satanism In The Occult Social Order!
Bill Schnoebelen: The Light Behind Free Masonry – Satanism!
Fritz Springmeier: The Top 13 Illuminati (Satanic) Bloodlines And Mind Control !
John Todd (1970s): Ex Council of 13 Illuminati Member Reveals How the Illuminists Work. Trilateral Commission, Council on Foreign Relations, Illuminati Corporations, World Government, Attack On Christian Church, Rock Music….
Conspiritus: The Illuminati Conspiracy!
Dr. John Coleman: The Illuminist Committee of 300!
Dr. John Coleman: Illuminist Committee of 300 Staged Atrocities for World Government !
Dr. John Coleman Reveals The Illuminist Committee of 300 Plans for America!
The History of the Illuminati ! The 13 Satanic Bloodlines!
Exposing the Illuminati from Within
Again, Zionists Set Up Jews for Holocaust!
Myron Fagan’s 1960s Lecture Exposing The Illuminati, CFR And The Satanic One World Government Plan!
Svali: The Illuminati Defector Who Turned To Christ !
The Monopoly Men: The Illuminati Bankster Shadow Government!
Dark Secrets: Inside The Bohemian Grove! Satanism And The Ruling Elite!
The Western Illuminati Organization Chart. Source: http://www.stevequayle.com
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Bob Chapman: The FedRes Gets Its Orders From Wall Street !
- Bob Chapman – Radio Liberty Hour2 – 24 October 2011 : one of the problems they have in Europe right now is defaulting on derivatives , people sold them naked and they just default it’s unbelievable ,I do not know how long this is going to last I do not think anybody knows , I think where we are headed in here is ongoing decipation says Bob Chapman .The FED gets its orders from Wall Street , they own the FED and they are the one rigging the market , it is only a matter of time everything is coming down …the whole thing is on the verge of collapse , the american tax payers may end up picking up the bills for all these defaults in Europe …
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Savers Protect Your Deposits From Bankrupting Banks and Quantitative Inflation!
- The solution which the Illuminist banksters will go to ultimately is: create massive amount of money out of thin air! The Euro, UKP … and USD are toast ! The world is heading towards a global monetary meltdown! Protect yourselves with physical gold !
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Savers Protect Your Deposits From Bankrupting Banks and Quantitative Inflation!
By: Nadeem_Walayat, http://www.marketoracle.co.uk/
The Euro-zone continues to teeter over the edge of the financial abyss as bankrupting countries that cannot print Euro’s threaten the collapse of its banking system that would soon collapse the whole global banking system in a matter of hours as electronic bank runs sweep across the worlds financial system resulting in trillions of dollars worth of deposits being withdrawn in a matter of hours and thereby collapsing first the Euro-zone and then within 24 hours the UK, USA and Asia along with it. My recent article (Euro-Zone Prepares to Print Trillions in Advance of Greece Debt Default) covered the potential consequences for the world in the event of financial Armageddon, this article continues on from the last article that covered the inflationary depression consequences of money printing that the likes of Britain and the United States are engaged in and that the Euro-zone WILL eventually replicate (Bank of England’s Quantitative Inflation Bankster’s Paradise Inflationary Depression Economy ).
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The focus of this article will be on concrete steps that depositors need to take now to reduce the real risk of the actual loss of their funds on deposits at bankrupting banks before they should go on to protect against the ongoing real terms loss of value in the face of the perpetual money printing Quantitative Inflation Mega-trend.
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Banks Going Bankrupt – Lehman’s Bankruptcy Example
The 2008 Lehman’s bankruptcy irrevocably changed the financial world as within a matter of days a chain reaction of the worlds banks and insurers were on the verge of going bust, pushing the world towards financial armageddon as the following video illustrates of just how close the U.S. Financial System came towards total collapse. At 2 minutes, 20 seconds into this C-Span video clip, Rep. Paul Kanjorski of Pennsylvania in February 2009 explains how the Federal Reserve told Congress members about a “tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.” According to Kanjorski, this electronic transfer occurred over the period of an hour and threatened a further $5 trillion to be drawn out triggering a total collapse of the Financial System, which prompted Hank Paulson’s emergency $700 billion TARP bailout action.
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This is the real problem that the credit rating agencies, mainstream press and politicians are not stating which is that the fallout from sovereign default will not be orderly, yes the actual default process may be orderly, over seen and managed by the ECB with planned haircuts of first 20%, then 40% and then 60%, but the markets response won’t be orderly, depositors will panic and pull their funds from those they perceive as having the greatest exposure to a. sovereign debt and b. to sovereign debt derivatives. THIS IS ALREADY HAPPENING. Which is the real reason why the banks are not lending, because they know they cannot unwind their over-leveraged positions in the event of default so have been hoarding cash now in advance of sovereign default.
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… for the full article click here!
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Italian Government on Brink as Debt Problems Take Toll !
Will the Italian boot kick the bucket?
- When Italy falls it is the end of the Eurozone! Italian 10 yr bonds are once again creeping over the 6% mark. So much for all the ECB bond buying. The Eurozone sovereign debt crisis cum banking solvency crisis can blow up at any moment. Have you protected yourself and family? Practically, all major western banks are bankrupt. Make sure you accumulate physical gold. Do not place your savings in the banks in fiat currencies. Buy physical gold and keep a minimum amount in the banking system. This crisis will circle the globe and many banks will go under. Asia will not escape this calamity. Fiat currencies will be going down the toilet bowl.
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Italian government on brink of collapse!
By Guy Dinmore in Rome and Peter Spiegel in Brussels
http://www.ft.com/
Italy’s prime minister was fighting on Tuesday night to stave off a collapse of his centre-right coalition government over European Union demands for more concrete economic reform measures in time for Wednesday’s highly anticipated summit of eurozone leaders.
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The demand came as European officials attempted to reach a final agreement on giving the eurozone’s €440bn rescue fund more firepower so that it can assist Italy by purchasing Italian bonds, lowering Rome’s borrowing rates, which are near 6 per cent.
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While such EU assistance falls well short of a full-scale Italian bail-out, senior European officials said it would come with tough new conditions, and that the demands on Silvio Berlusconi were the beginning of a more intrusive effort by Italy’s eurozone partners to ensure Rome convinces the financial markets it is sincere about fiscal reforms.
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Talks early on Tuesday between Mr Berlusconi and his Northern League coalition partners failed to resolve the deadlock – centred on proposed pension reforms – after inconclusive negotiations the night before.
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… click here for the full article!
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Italian government on brink as debt problems take toll !
by http://www.fundweb.co.uk/
The Italian government is on the brink of collapse, according to reports, as prime minister Silvio Berlusconi struggles to unite his political coalition into action.
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Berlusconi, who leads the Popolo della Libertà party, has been forced by European peers to take action over the country’s burgeoning debt problems. However, coalition members are at odds over how to cut debts and which austerity measures to pursue.
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Umberto Bossi, leader of the Lega Nord and part of Berlusconi’s coalition, states he would not raise the state pension age, saying “people would kill us”. He explains he would not raise the state pension age to appease the Germans.
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Gold Tops $1,700 on EU Debt-Crisis Concern, U.S. Inflation Risk!
- Has the Eurozone crisis been resolved? All the meetings essentially came up with nothing! This is intentional. The Illuminist plan calls for a global economic, financial and monetary meltdown. They are simply laying the foundations for their New Financial/Monetary Order –> ’666′. Out of the ensuing chaos which they are engineering, they want to condition the sheeple to accept their pre-planned solution. This is their Satanic Order Out of Chaos methodology! For protection get physical gold?
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Satanic doctrine teaches that, ultimately, the New World Order can be established in society only after a time of planned, great world turbulence and chaotic disorder. It is this very concept- “order out of chaos”- which is at the foundation of all Masonic doctrine. Significantly, Masonic initiates elevated to the 33 degree are given a “jewel” to wear proudly. This jewel is decorated with the sign of three, interlocked triangles, representing both the unholy trinity and the number 666. The jewel is also inscribed with the Latin inscription “Ordo Ab Chao,” interpreted as “Order Out of Chaos.”
Circle Of Intrigue, Page 94, Texe Marrs
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Here is the 33rd Degree Masonic Symbol
The higher-level initiates are well aware that in the working of The Plan (for a New World Order), death and bloodshed- unparalleled chaos are prescribed. John Randolph Price, president of the Planetary Commission and organizer each year of a massive and worldwide “Instant of Cooperation” event, has proclaimed that the “Divine Plan” requires chaos to cleanse and purge the world before a bright, new era can emerge.
Circle Of Intrigue, Page 100, Texe Marrs
- - Gold Tops $1,700 on EU Debt-Crisis Concern, U.S. Inflation Risk
Oct. 25 (Bloomberg) — Gold futures rose to the highest price in more than a month, topping $1,700 an ounce, as delays in resolving Europe’s debt crisis and renewed inflation concern in the U.S. spurred demand for the precious metal.
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A meeting of European Union finance ministers was canceled because bank-recapitalization issues cannot be decided before other elements of the rescue package, a person familiar with the matter said on condition of anonymity. Federal Reserve Vice Chairman Janet Yellen said on Oct. 21 that a third round of large-scale securities purchases may become warranted to boost the economy. Gold and silver posted the biggest gains today on the Standard & Poor’s GSCI index of 24 commodities.
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“Gold is getting support because there is a general consensus that there will be Fed-induced stimulus to support growth in U.S. at a time when Europe may go into recession because of the debt crisis,” Paul Dietrich, the chief executive officer of Foxhall Capital Management Inc., said in a telephone interview from Alexandria, Virginia. “And that may be inflationary.”
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Gold is in the 11th year of a bull market that sent prices to a record $1,923.70 on Sept. 6 as investors sought to diversify away from equities and some currencies. The precious metal has doubled since the end of 2008 as governments struggled with sovereign debt and an economic slowdown. In London, the bullion rally is the longest since at least 1920.Gold futures for December delivery gained 2.9 percent to settle at $1,700.40 at 1:40 p.m. on the Comex in New York, after touching $1,704.70, the highest for a most-active contract since Sept. 23. Prices are up 20 percent this year.
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European Crisis
A meeting of European Union finance ministers scheduled for tomorrow was canceled today while other leaders of the region prepared to meet tomorrow in Brussels for the second summit in four days in a bid to carve out a solution to the region’s debt crisis. They are seeking an agreement on bolstering the region’s rescue fund, recapitalizing banks and providing debt relief to Greece to avoid contagion spreading to Italy and Spain.
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… for the full article click here!
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KingWorldNews: Gold Stampede Imminent !
Gold exploded upwards about US$50 and silver up US$1.50. I think the correction phase is over. We are moving aggressively to the upside. Do not be surprised to see US$2,500/oz gold by the end of the year. Silver will be in the US$45-50/oz region. Click on the links (in brown) for the full article.
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John Hathaway: Gold Stampede Now Imminent !
“To the extent that this is a rigged game, the game is now over. We are not quite at stampede levels yet, but we will be. Who wants to hold euros? And if the US starts to intervene through some form of central bank asset purchases, lines of credit, whatever it is they use, nobody is going to want to hold the dollar either.
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The central banks are losing to the extent that they are failing to keep the gold price down. You know whoever is fighting this battle is fighting a losing battle. So I just don’t think there is going to be much courage left on the central bank side. If this latest ‘London Gold Pool’ style manipulation fails and at the same time you see more of this disgust with paper currencies, that’s where you will get nothing but air to the upside.”
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Rick Rule – Gold & Silver Surging as Takeover Mania to Begin !
“I understand now that the Europeans have had 22 emergency meetings and the market is impatient for them to do something. You and I both believe that the situation they face in Europe is not resolvable so they have probably already done as much as they can.” “But the market is impatient and I think the strength today in gold can probably be attributed to nervousness in the European situation. …”
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John Embry – Physical Gold Demand Crushing Manipulators!
“So there has been a great correction in gold and silver for no apparent reason other than central planners are trying to create a false impression. So be it, we will just have bigger gains going forward than if we would have started the next move from higher levels.”
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“To me the catalyst today is the issue that there is no solution to the European problem. All of the optimism that’s been out there has been based on the thought there was a solution and that the solution was going to be imminent. There are now clearly cracks in that facade and once again people are viewing gold as the ultimate safe haven and they know they better get some of it.
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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