European ‘Austerity’ Flames Out with Elections!

It’s a question of when?

• The Illuminist plan is for a global economic, financial and monetary collapse leading to World War 3. They know that all the Eurozone sovereign debts will never be paid back. The collapse will start in the PIIGS, spread to the rest of Europe, UK, Japan … and America. It appears, they are all set to pull the plug and detonate the entire current order/system in 2012! Via war the Illuminist banksters will accumulate even more wealth. Via war they will enforce draconian police state measures and martial law to protect themselves. Via war they will kill off a large portion of the sheeple which they consider as ‘useless eaters’.
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  European ‘Austerity’ Flames Out with Elections! 
  by Rick Ackerman, http://www.rickackerman.com/
  Europe’s doomed experiment with the politics of austerity went down in flames over the weekend as voters across the region veered sharply to the left in savaging incumbents. Elections in six European nations on Sunday promised to end any pretense of fiscal sanity. However, it remains to be seen how quickly and drastically the new leaders will act to further unbalance their nations’ books, ostensibly in the name of economic growth. Whatever they decide, there’s a Catch-22 that could make any promises of budget-busting relief for pensioners and public workers impossible to keep. Recall that even the socialists in Greece’s parliament were forced to support austerity measures a few months ago, because without such measures the country would have been unable to borrow enough cash to meet payroll.
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  In fact, despite several bailouts in the last two years, Greece remains so close to the edge financially that even hard-core socialists might find themselves forced to play ball with the bankers. The “middle way” for them, as has been the case all along, will be to talk austerity while practicing fiscal profligacy. Eurobank president Draghi offered a preview of how this would be done, cribbing a page from Goebbels’s handbook. At a “whisper campaign” meeting in Barcelona over the weekend, he was quoted as saying (whispering?) that Europe could hammer out a “growth compact” to go along with deficit reduction. Like Bernanke, he evidently thinks people are stupid enough to believe such claptrap. But even if it is unworkable as policy, it will used to “manage expectations” in the same cynical way that the Fed chairman manages them. Draghi’ s task will be more difficult, however, because he will be at odds not only with Germany’s conservative bankers, but with a German press that harbors no useful idiots like Nobelist Paul Krugman to zealously advocate ruinously inflationary fiscal policies and Big Guvvamint management of…everything.
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