Israel’s Non-Stop Iran Spite Puts Ties With US in Firing Line!

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
- The 13th Tribe of Khazaria! Ashkenazi Khazars Are Not The Jews of The Bible!
If almost 98% of JEWS we know today are NOT semitic, wouldn’t the term ANTI-SEMITIC be null and void? I made this video with 3 Jewish friends who admit they are not Semites!!!!
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“Many [modern-day Jews] of whom have clamored to go back [to Palestine] NEVER had antecedents [physical ancestors] in that part of the world …. The OVERWHELMING majority of Jews are descendants from the converts of Khazaria and elsewhere who ADOPTED Judaism…. This VIEW of the NON-ethnicity of the largest portion of Jewry IS SUSTAINED by such prominent anthropologists as Ripley, Weissenberg, Hertz, Boas, Pittard, Fishberg, Mead and others. . “
- Dr. Alfred M. Lilienthal
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“… Though many Jews are NOT of Semitic origin, we are the religious, spiritual, and national [but NOT genetic] descendants of those who first formed the early foundations of Judaism who were Semites”
- Rabbi Cyril A. Stanway in “Viewpoints,” Thursday, November 8, 1990, in the Sun-News (Las Cruces, New Mexico)
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“. . these Eastern European, Yiddish-speaking Jews who form the Zionist group practically in toto [almost entirely], have NEITHER a geographic, historic NOR ethnic connection with either the Jews [Israelite Judahites] of the Old Testament OR the land known today as Palestine. “
- Jewish Dr. Benjamin H. Freedman, published by the National Economic Council, Inc. as “Council Letter No. 177 (October 15, 1947)
- - 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.
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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.
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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”. – “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. – 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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History of The “Six Million” Myth!
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 !
The Hidden History of Jewish Bolshevism & Freemasonry! How Masonic Wall Street Banksters Financed The Communist Revolution Which Killed Over 100 Million People!
Mark Weber: Wilhelm Höttl And The Elusive ‘Six Million’! Part 2 – How Many Jews Died?
Ashkenazi Khazars (90+% of modern Jewry) are not the Jews of the Bible!
Benjamin Freedman: Ashkenazi Khazars Self Style “Jews” Are Not Semitic And Not The Biological Descendents of The 12 Tribes of Israel !
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!
Texe Marrs: Conspiracy of The 6 Pointed Star!
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!
“ … it turns out the creation of Israel had not, after all, been a haphazard fight in which the Arabs fled their homes at the directives of their own leaders, but it had been an unprovoked, systematic campaign of ethnic cleansing by the Jewish militia involving massacres, terrorism and the wholesale looting of an entire nation.” - from 4:22 onwards
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Netanyahu: No Lebanon Will Be on The Map!

Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
- The people running/ruling Zionist ’666′ Israel, the Satanic counterfeit are Freemasons-Illuminists-Satanists. Do not be deceived. They couldn’t care less if Zionist Israel is destroyed. They won’t give a damn when millions are killed. They serve the Masonic god: Lucifer. Watch as these snakes lead the nation to the Satanic World War 3 plan and ultimately destroys it.
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Texe Marrs:
Former Prime Minister Benjamin Netanyahu has publicly stated (see the Israeli publication Shishi, Spring 1994) that he was initiated into the Masonic Lodge while in the United States. The La Republica newspaper stated that Prime Minister Yitzak Rabin was active in Masonry and estimated there are 4,000 Israeli Freemasons, divided into 76 lodges. Most Israeli judges and religious figures are Masons. Rothschild-supported Hebrew University in Israel has erected an Egyptian obelisk, symbol of Freemasonry, in its courtyard, and inside the new Israeli Supreme Court building is a law library architecturally designed in the shape of an Egyptian pyramid.
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Messianic Jew Jerry Golden:
In the United States you have the York and Scottish Rites but in France you have the Mizraim Lodge. It is from the Mizraim Lodge of Freemasonry that you will find the Illuminati. It is in fact, the heart and soul of the Synagogue of Satan. What is even more disturbing, you will find that every Mason in Israel, that includes most of the Politicians and Supreme Court Judges all are Freemasons from the Mizraim Lodge, the ones who wrote the Protocols of Zion, the enemies of the Jewish people. So those who have planned the destruction of Israel are now in control, in Israel.
- - Zionist ’666′ Israel is a nation great at lying, propaganda and false flag terrorism. But the world is waking up to their scam. This is a genocidal, neo Nazi country which has been practising genocide and ethnic cleansing on the Palestinian people for the past 64+ years! (emphasis mine)
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Netanyahu: No Lebanon will be on the map!
by Lisa Karpova, http://english.pravda.ru/
Israel what was that about MAPS?
For years, the paranoid Israelis have been screaming bloody murder that the President of Iran, Mahmoud Ahmadinejad, said that “Israel should be wiped from the map.” Of course, the man said no such thing, it was a deliberate mis-translation meant to serve their purposes: to demonize Ahmadinejad and Iran and to justify an unprovoked attack against the Islamic Republic of Iran.
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So what did Ahmadinejad actually say? To quote his exact words in Farsi:
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“Imam ghoft een rezhim-e ishghalgar-e qods bayad az safheh-ye ruzgar mahv shavad.”
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The full quote translated directly to English:
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“The Imam said this regime occupying Jerusalem must vanish from the page of time.”
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Word by word translation:
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Imam (Khomeini) ghoft (said) een (this) rezhim-e (regime) ishghalgar-e (occupying) qods (Jerusalem) bayad (must) az safheh-ye ruzgar (from page of time) mahv shavad (vanish from).
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So that should settle the disinformation campaign being waged in order to set the stage for an aggressive attack against Iran and their paranoid delusions that Iran is building a nuclear weapon in order to “wipe them off the map.”
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If they are nothing, they are constantly hysterical, while collecting billions annually in American taxpayer money to feed the hysteria and the lust for war and to take out those governments they don’t like, preferably by proxy in the form of NATO or the US Armed Forces.
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But it’s ironic. There was no fuss or screaming about Netanyahu’s alleged diatribe reported in several sources: allegedly, that when Israel is done with them, there will be NO Lebanon on the new world map.
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“Congratulations Mr. Netanyahu, my first question is that does the beginning of the large train line’s construction confirm the announcement of the dissident Syrian Intelligence Office that you will strike Lebanon?”
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In reply, Netanyahu stated:
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“Yes, and it is not a secret that it will happen with U.S.-Gulf support and that is why they have been warned, but before you ask, you have a look at the new map of the world and see that there is no nation with this name.”
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Given that the UN Security Council has listed 388 Israeli airspace violations by Israel against Lebanon, there is no doubt what Israel is planning regarding Lebanon.
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President Michel Suleiman condemned Israeli Prime Minister Benjamin Netanyahu’s recent statements on Lebanon, saying that its existence will not be affected by his remarks. Odd that no one else, no big mouth, big talking, big stick western nations voiced the slightest concern that this nuclear armed, racist apartheid state, that has used weapons of mass destruction against Lebanon in the past, committing a genocide against the Lebanese people, was threatening them yet again.
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He added in a statement: “Lebanon is the only country to have defeated Israel militarily and the Jewish state is still recovering from it.” Indeed, the only thing that stopped Israel in 2006 from wiping Lebanon off the map was the defense against them provided by Hezbollah, who sent them crying with their tails between their legs.
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“Lebanon’s diversity is the complete opposite of Israel’s racist system, which has no place in the world,” stressed the president.
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Odd, isn’t it, that all of the countries attacked by the west, enemies of Israel, can all say the same thing. That they were the models of tolerance, brotherhood, prosperity and human rights, unlike the western allies of Saudi Arabia, Qatar. etc. that are horrid feudal examples of barbaric practices and backwardness.
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“Lebanon is one of the founders of the United Nations and the Universal Declaration of Human Rights and Netanyahu’s statements reflect his contempt for humans,” Suleiman added.
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Syria and Hezbollah in Lebanon are on high alert in anticipation of an Israeli attack on Lebanon, the London-based A-Sharq al-Awsat daily reported recently. According to the report, Hezbollah has been monitoring with caution the reinforcement of IDF troops along the Lebanon border.
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It is also interesting to note that the Emir of Qatar, Sheikh Hamad bin Khalifa Al-Thani, admitted that the Israeli train line is funded by Qatar, UAE, and Saudi Arabia. Asked if he was not afraid of his people, he affirmed the close friendly relations between the two countries. Qatar, the one that has had a vested interest in formenting terrorism and and ‘regime change” in Libya, Syria and elsewhere.
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Isn’t it odd that Israel is allowed to wave the stick at anybody it feels like with impunity, while they maintain a monopoly on nuclear weapons in the Middle East? The same country that has threatened all the capitals of Europe?
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Greece Needs New 3rd Bail-Out, Leaders Told !
- There is no bailout of Greece. Calling it a ‘bailout’ is a deliberate misnomer to deceive the sheeple. It is simply the financial rape of Greece by Illuminist banksters!
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Greece needs new bail-out, leaders told !
By Louise Armitstead, http://www.telegraph.co.uk/
European finance ministers gathered in Brussels to approve the release of a €130bn (£109.3bn) bail-out for Greece – amid growing warnings that the rescue package is already inadequate.
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Wolfgang Schaeuble, Germany’s finance minister, admitted “nobody can rule out” that Athens would need yet another rescue fund while economists warned that the terms of the current bail-out would crush growth in Greece.
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Holger Schmieding, chief economist at Berenberg Bank said: “The debt-swap deal does not solve the problems of Greece at all. Of course, without it, Greece would be in huge trouble. But Greece’s problem is that it has to return to growth. Otherwise, no debt burden is sustainable.”
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Michael Hewson of CMC Markets: “There is widespread acknowledgment that even after last weeks debt swap that the country will in all probability need a third bailout, after economic data Friday showed that the economy shrank even more than first thought in fourth quarter, by 7.5pc.”
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In Germany lawyers said they were preparing a class action on behalf of 110 investors who want to sue banks for advising them to buy Greek debt. Bondmarket investors ignored political claims that the Greek crisis was solved: new Greek government bonds remained the highest yielding debt in the eurozone.
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… for more click here!
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Egypt Poised To Join Russian Alliance! Move To Declare Israel as Its First Enemy!
- The pace towards the Satanic World War 3 Plan has just quickened. Why would America foment the Arab Spring revolution throughout the Middle East and hand it over to the Muslim (Masonic really) Brotherhood? Hosni Mubarak was in the Zionist’s payroll and was friendly towards Zionist Israel and America. So why would the Illuminist US government foment regime change and allow the Muslim Brotherhood to take power in Egypt? If peace is the plan why change from a Zionist friendly Mubarak to an unfriendly Muslim Brotherhood? Peace is not the plan! The Satanic World War 3 is the planned.
- - The people running America, Zionist ’666′ Israel and the Muslim Brotherhood are Masonic-Illuminists-Satanists. They want a Greater Middle East war to destroy the entire Middle East and Zionist ’666′ Israel also. These people do not serve the public/sheeple. They serve their Masonic god: Lucifer! Watch as the Anglo-American-Zionist Illuminists use their military outpost, the Satanic counterfeit, Zionist ’666′ Israel to initiate this war and commit suicide in the process.
- - This coming war is really a war against the Jewish/Christian/Muslim … sheeple. But they are too dense to understand what is really going on. They will volunteer to serve their Illuminist masters to kill each other. It is about the Luciferians dividing and conquering the world. The sheeple are simply deceived useful idiots complicit in their own destruction. Many Christian sheeple will fall when Zionist ’666′ Israel is destroyed.
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Egypt poised to join Russian alliance!
by http://www.presstv.ir/
A prominent political activist says Egypt’s move to declare Israel as its first enemy may push Washington to cut aid to Cairo, but will open an opportunity to befriend Moscow.
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The Egyptian parliament has voted for a motion which calls Israel the first enemy of Egypt. The text — approved by the parliament’s lower house — calls for the expulsion of Israel’s ambassador to Cairo and recalling of Egypt’s envoy to Tel Aviv.
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Lawmakers also voted for a halt to natural gas exports to Israel and called on the government to revise all of its agreements with Tel Aviv. Press TV has conducted an interview with Mark Glenn, co-founder of the Crescent & Cross Solidarity Movement, to further discuss the issue. The following is a transcription of the interview.
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Press TV: How significant a diplomatic gesture is this in terms of a rise of a post-Mubarak Egypt, in your opinion?
Glenn: I think it’s extremely important. Generally speaking, throughout history whenever a country cuts off diplomatic ties with each other that basically says we don’t want to speak with you anymore.
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I think that this is extremely significant particularly in light of the fact that Egypt is the first Arab country to sign a peace agreement with Israel to recognize it as a political entity. So in that regards, it is extremely significant.
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I can only hope that those in power in Egypt can follow up with it by forming powerful alliances with countries such as Russia because the United States, obviously, is not going to help these people out if they’re not going to honor the peace agreement with Israel in the 1979 Camp David Accord.
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So, I think that this is an extremely hopeful trend, although we also have to be concerned about what is Israel to do because this obviously gives Israel all the things that she needs to wage war against Egypt with [the conflict] in the Sinai Peninsula — which she considers to be hers anyway.
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Press TV: With SCAF (the Supreme Council of the Armed Forces in Egypt) ultimately making all the decisions, how far is it going to go especially considering SCAF does dance to Washington’s tune due to the millions it gets in aid?
Glenn: Well, it dances to Washington’s tune so long as it doesn’t get another friend in the region that it can depend on. If Egypt is able to form any kind of practical and profitable alliance, say with Russia, then things could be markedly different. They would see all sorts of changes taking place in Egypt, asserting herself as a sovereign country in the region.
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Eurozone Not Out of The Woods, RBC Executive Warns!

Source: http://presstv.com/
- It ain’t over till the fat lady sings. The Eurozone is heading towards a cataclysmic crash. More debts have been piled upon existing debts to create an even bigger problem! Don’t let the financial MSM’s beautiful lies deceive you.
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Euro zone not out of the woods, RBC executive warns!
by eric reguly , http://www.theglobeandmail.com/
Approval of Greece’s sovereign debt overhaul, the biggest bond restructuring on record, does not mean the worst is over for the euro zone despite buoyant markets, one of the top Royal Bank of Canada .. executives and other market watchers say.
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“The market is having to work through this crisis in successive waves,” Harry Samuel, chief executive officer of RBC’s European investment arm, said in an interview Wednesday in London.
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“The market has clearly moved through one wave of the crisis, but that doesn’t mean there aren’t more problems to come, both within Greece and other elements of the euro zone.”
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He is not alone in his views. In recent days, several analysts and economists have urged investors to stay cautious, suggesting that the Greek restructuring and the European Central Bank’s €1-trillion ($1.3-trillion) liquidity injection into the banking system have merely lulled the markets. The injection, some have said, is an “adrenalin rush” that could wear off fairly quickly.
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They fear Portugal could erupt and that Greece’s second bailout, combined with the bond “haircut” that eliminated more than €100-billion of national debt, are insufficient to keep the country out of the critical care ward for long.
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In a note, Société Générale economists James Nixon and Michel Martinez said that “significant doubts remain about the viability of the plan for Greece” and that Athens will probably not meet its fiscal deficit targets.
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“This practice of underestimating the fiscal multipliers simply because it is politically expedient is one of the reasons why it will only be a matter of time before Europe’s sovereign tensions re-emerge,” they said.
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… for more click here!
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Now Even The Eurozone Admits It Has Condemned Greece To Never-Ending Austerity!
- It is a question of when the plug will be pulled on the Eurozone! When it comes crashing down, it will be the beginning of the global economic, financial and monetary meltdown!
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Now even the eurozone admits it has condemned Greece to never-ending austerity!
By Jeremy Warner, http://www.telegraph.co.uk/
There’s a general view out there that with private creditors having agreed their 50pc haircut, the “Greek problem” has been solved, at least for now. Unfortunately, it has not.
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According to Reuters, an unpublished “Compliance Report” by EU executives has concluded that Greece will have to impose a further fiscal squeeze in 2013/14 amounting to some 5.5pc of GDP in order to meet the targets that underpin the second international bailout. The chances of Greece being able to do this are about zero, though that is my conclusion, not that of the report.
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According to the report, the austerity measures already adopted by Athens should be enough to bring the primary deficit down to the agreed 1.5pc this year. However, “current projections reveal large fiscal gaps in 2013-14″. The projected shortfall is reckoned to be about 5.5pc of GDP. All this, of course, assumes that Greece achieves the output levels forecast by the Troika, the chances of which are again about zero. So in fact, the required squeeze will be even larger, further undermining growth and digging an even deeper hole.
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Unabashed, the report states that “substantial additional expenditure cuts will have to be announced and adopted by Greece in the coming months, in particular when Greece updates its medium-term budget in May 2012″.
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Where is Greece expected to find these cuts? Further savings in welfare payments, pharmaceutical spending, defense and restructuring of central and local administration are said to be under discussion. Has anyone told the Greek electorate, which is due to go the polls next month, about this? Apparently not.
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Menacingly, the report adds that continuation of international financial assistance can only be expected if policy implementation improves.
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… for more click here!
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CFTC Vacates CME Clearing Europe Limited Registration as a Derivatives Clearing Organization!
- There appears to be quite alot of things happening behind the scenes in the financial derivatives market with regard to Greece’s default and triggering of CDSs. The rats are abandoning ship, taking cover because they expect something bad to happen!
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CFTC Vacates CME Clearing Europe Limited Registration as a Derivatives Clearing Organization!
by Ed Steer, http://www.caseyresearch.com/
According to financial analyst Louis Boulanger out of Auckland, New Zealand…”Something very nasty may be about to happen in the derivatives complex…”
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“Why would this latest announcement be important? Because it is the latest in a series since last week’s Greek government default on its sovereign debt and, while the mainstream financial media would have you believe this was a ‘non-event’ or ‘orderly default’ with minimal consequences, the truth of the matter is that we will not know how ‘orderly’ the default will be until the announced auction of the bonds to be swapped takes place next week at the date set by the ISDA. But, irrespective of the outcome next week, please note that last Friday WAS, in fact, the first sovereign debt default from a developed nation since World War II. That alone, makes it a very significant event.”
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“Since the default, there seems to be a raging wildfire behind the scenes as maybe the entire Credit Default Swap (CDS) market is stressed due to the Greek default. The losses may come fast and furious once the auction is held on March 19th, based on ISDA’s Big Bang Protocol.”
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Yesterday I ran the story that the CME’s chairman was leaving at the end of 2012. One wonders if this turn of events, plus others, is behind it. We’ll see.
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Here’s the press release from the CFTC’s website…and I thank reader ‘David in California’ for bringing this must read story to our attention. The link is here.
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Is The Greek Debt Problem Really Solved?
- The Greek debt problem has gotten worse. Fact: even though debt forgiveness amounted to around €100-billion they have taken on another €130-billion (bailout) of new debt! Ie. the amount of debt has increased by around €30-billion. It is a scam!
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Is the Greek Debt Problem Really Solved?
By Greg Hunter’s USAWatchdog.com
Yesterday, a short but ominous press release was issued at the Commodities Futures Trading Commission. It said, “At the request of CME Clearing Europe Limited (CMECEL), pursuant to Section 7 of the Commodity Exchange Act, the Commodity Futures Trading Commission issued an Order on March 13, 2012, vacating the registration of CMECEL as a derivatives clearing organization.” (Click here for the CFTC press release.) In plain English, the Chicago Mercantile Exchange (CME) no longer wants to be the clearing house for European derivatives. The derivatives market in Europe must have been very lucrative for the company. After all, just the credit default swap (CDS) market is reportedly worth $50 trillion globally. (A CDS is a form of insurance. If there is a default, the debt is paid by the entity that sold the insurance contract.) I ask myself, why would the CME willingly stop being the clearing house for this profitable and large market?
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Just last week, it was reported there was a new Greek debt deal where 95% of the bondholders voluntarily agreed to take nearly a 75% loss on Greek debt. CNBC reported, “Greece successfully closed its bond swap offer to private creditors on Thursday, opening the way to securing the funding it needs to avert a messy default on its debt, according to several senior officials. . . . The biggest sovereign debt restructuring in history will see bond holders accept losses of some 74 percent on the value of their investments in a deal that will cut more than 100 billion euros from Greece’s crippling public debt.” Buried in the CNBC story was this little tidbit that said, “That would potentially trigger payouts on the credit default swaps (CDS) that some investors held on the bonds, an event which would have unknown consequences for the market.” (Click here for the complete CNBC story.)
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… for more click here!
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Strategist: Forget China, ‘Hard Landing’ in US, Europe!
- Forget China. ‘Hard Landing’ in US, Europe: Strategist!
By: Antonia Oprita, http://www.cnbc.com/
Developed economies are still experiencing an economic “hard landing” after the credit crunch, despite data showing small increases in gross domestic product. As a result, investors should worry more about the West than about China, which is managing its slowdown, a currency strategist told CNBC.com on Tuesday.
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Beijing announced recently that it has enough economic leeway to ease monetary policy, but it also introduced curbs to cool the real-estate sector. Those apparently mixed signals prompted some market watchers to say they were afraid of a sharp slowdown in the Chinese economy.
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“The bigger cycle we’re experiencing [in the West] is the result of the bursting of the credit bubble [in 2007],” Stephen Gallo, head of market analysis at Schneider Foreign Exchange, said in an interview. “This is what a hard landing looks like; I don’t know why people are so worried about China.”
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If central banks in Europe and the U.S. “were attacking and managing the problem” when they noticed the bubble in the property markets, the crisis would not have become so deep, Gallo said. He added that central banks could have set up rules on who could or could not get loans and used monetary policy to cool the red-hot real-estate markets.
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It will take a “very long” time for developed economies to get out of the hard landing phase as “it’s not just about deleveraging, it’s about credit channels not functioning,” he explained.
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… for more click here!
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Nigel Farage: Determined But Delusional Eurocrats Carry On Up The Khyber! What is Being Done is Not To Save Greece, (It Will Crucify Them) … But To Save The “Failing Euro Project”!
- Transcript:
Well, you’re back Mr Van Rompuy, another two and half years. No doubt a reward for your great success. Indeed, listening to you I thought perhaps I had got it all wrong. You talked about how positive the last Council meeting had been – that we’ve reached the turning point, that everything is going swimmingly. I was beginning to believe it.
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But then I realised you did not mention the D word- default. No, that cannot be talked about. We pretend there has not been a default. Well, we know in fact in Greece last week there was a very major credit event.
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And indeed, listening to all of you this morning, reminds me of the British comedy classic, ‘Carry On up the Khyber’ where the colonial English go on having dinner, ignoring the fact that impending disaster is all around them. You are determined but delusional in this attempt to keep the Euro propped up.
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And whilst you’re enjoying your dinner, incoming shells are landing all around you. Youth unemployment in Greece went through 50 per cent last week. That’s fine, carry on, serve the main course.
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And you will have seen yesterday that 110 German holders of Greek bonds are going to take legal action against the banks and against the Greek Government. But don’t worry chaps, carry on, everything is going to be fine.
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But perhaps the biggest bombshell is the German Finance Minister saying just yesterday nobody can exclude a third bailout. Pass the port. Do enjoy the party. I mean this is a farcical situation. And why is it happening? That’s what people in Europe want to know. Why is this happening?
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Is this being done to help Greece? No, it is going to crucify Greece. It is being done to prop up a failing project because you know that once Greece goes, others will go as well.
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And some of the language! Mr Barroso, when leaders stand up and say that political moves are irreversible, history has one lesson. You are always, always going to be proved to be wrong.
end




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