Report: U.S. Government and NATO Worked with Bin Laden and His Top Lieutenant 3 Months AFTER 9/11 !
- Anyone who has studied the history of Al Qaeda knows it is really the CIA. Osama bin Laden was a CIA asset till the day he died. The history of Muslim fundamentalism / radicalism / terrorism shows that it was founded/established by western Illuminist intelligence agencies: MI6, CIA … etc. These ‘Muslim’ terrorist organizations are still under the control of western Illuminist intelligence agencies. These terrorist organizations should really be called Masonic(ie. Illuminist, Satanic) and not Muslim. Unfortunately, many Muslim sheeple are deceived useful idiots serving in these organizations.
- - These agencies do not work for the interest of the British, American … public. They are Illuminist and they serve the Luciferian New World Order, World Government agenda. This is not to say that everyone in these organizations are Illuminists-Satanists. This is not the case. What I am saying is: the top echelons, people in power are Illuminist-Satanists. The lower rung employees are really just deceived useful idiots and many are good people.
- - Report: U.S. Government and NATO Worked with Bin Laden and His Top Lieutenant 3 Months AFTER 9/11!
by Washington’s Blog, via http://www.infowars.com/
Former FBI translator Sibel Edmonds has been deemed credible by the Department of Justice’s Inspector General, several senators (free subscription required), and a coalition of prominent conservative and liberal groups.
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The ACLU described Edmonds as:
The most gagged person in the history of the United States of America.
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And famed Pentagon Papers whistleblower Daniel Ellsberg says that Edmonds possesses information “far more explosive than the Pentagon Papers”.
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Edmonds translated terror-related communications for the FBI right after 9/11. In that capacity, she read communications between terrorists and other radicals.
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Edmonds said last week that Bin Laden – and his number 2 Al Qaeda lieutenant – Ayman al-Zawahiri – worked with the U.S. government for 3 months after 9/11 to coordinate destablization in the Caucus region: (see video top of post)
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By way of background, the former Italian Prime Minister, an Italian judge, and the former head of Italian counterintelligence admit that NATO, with the help of the Pentagon and CIA, carried out terror bombings in Italy and other European countries in the 1950s and blamed the communists, in order to rally people’s support for their governments in Europe in their fight against communism.
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As one participant in this formerly-secret program stated: “You had to attack civilians, people, women, children, innocent people, unknown people far removed from any political game. The reason was quite simple. They were supposed to force these people, the Italian public, to turn to the state to ask for greater security” (and see this)(Italy and other European countries subject to the terror campaign had joined NATO before the bombings occurred).
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This was codenamed “Operation Gladio”. And watch this BBC special. And see this for background.
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Edmonds says that some portions of Operation Gladio are continuing to this day, and that Ayman al-Zawahiri and Bin Laden worked for NATO and the Pentagon as part of Operation Gladio:
- Edmonds told us:
For the past 11 years I have been emphasizing that my State Secrets Privilege & Gag Orders had to do with the FBI files (covering period 1996-2002 February) on covert-terrorist operations in Caucasus and Central Asia backed, managed and armed by US actors. These US-NATO directed operations in the region involved Bin-Laden and mainly Zawahiri …..
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The FBI documents contained damning evidence (audio and written) collected between 1996-2002 tying these terror operations directly to the U.S. persons in the State Department/CIA and Pentagon. Also, how the State Department got Congress to grant huge amounts of funds to “front’ NGOs and businesses (mainly Turkish companies in US-listed/members of ATC) to funnel money to the terrorist cells in this region.
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If this sounds crazy, please remember that the former U.S. National Security Adviser (and a top Obama foreign policy adviser) admitted that the U.S. created, organized and armed the Mujahadeen in Afghanistan – including Bin Laden – to fight the Soviets. (The Mujahadeen eventually morphed into Al Qaeda.)
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read more!
“Al Qaeda is a creation of the US intelligence apparatus! It is extremely well documented ! Many of the terrorist attacks are in fact orchestrated by the US intelligence and military!” - Michel Chossudovsky P2, 7:40 onwards
- Muslim Brotherhood created by British Intelligence
By fabricating a bogus war between Islamic fundamentalism and the West, the globalists are able to attack their real enemy, humanity. Pulling the strings, they will ensure that both Western and Muslim states are degraded and finally completely subjugated to their odious rule.
- - The Masonic Origins of the Muslim Brotherhood (emphasis mine)
The Masonic origins of the Islamists movements, and their true goal to undermine Islam and fight for Western Zionist Powers such as Britain and the United States of America. The Muslim Brotherhood has acted as a clever technique to recruit agent-provocateurs for the Illuminati. The lowest ranks may sincerely believe they are defending Islam, and confronting “Western imperialism”. However, these various terrorist groups, through representing different factions, are part of a single network serving the same Illuminati cause.
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When we explore the political and financial connections of the terrorists, we find that these are not merely wayward fanatics, operating in isolation, but that their channels penetrate to the upper reaches of power, in the British and American governments, and outward into the nether regions of the occult and criminal underworlds.
- - Terrorism And The Illuminati! A 3,000 Year History! by David Livingstone
Contrary to myth being fabricated, Islam does not pose a threat to the West. Rather, Islamic “terrorist” organizations have been created to serve Western imperialistic objectives. These groups are intertwined with Western power through a network of occult secret societies. This relationship dates back to sixth century BC, and the birth of the Kabbalah, in Babylon; a plot to seek world domination through the use of magic and deception.
“The ultimate goal that these people have in mind … is the goal to create a One World Government run by the banking industry .. run by the bankers! … The whole agenda is to create a One World Government where everybody has an RFID chip implanted !”
- Aaron Russo 0:15 onwards
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“He’s (Rockefeller) the one who told me 11 months before 9/11 ever happen, there was going to be an event. .. And out of that event we will invade Afghanistan, (for) the pipelines to the Caspian sea. We were going to invade Iraq .. to take over the oil fields, establish a base in the Middle East and make it all a part of the New World Order! And we will go after Chavez Venezuela. Sure enough 9/11 happened ! … And there was going to be this War on Terror which has no real enemy. And the whole thing is a giant HOAX! … This whole War on Terror is a FRAUD! ”
– Aaron Russo 2:30 onwards
All scams are based on deception and mis-direction! ’666′ is coming!
In this ground-breaking book, Mark Curtis reveals the covert history of British collusion with radical Islamic and terrorist groups. Secret Affairs shows how governments since the 1940s have connived with militant forces to control oil resources and overthrow governments. The story of how Britain has helped nurture the rise of global terrorism has never been told.
Who is behind Muslim Fundamentalism & Terrorism? Western Illuminist governments and their intelligence agencies! It is deliberate and not a miscalculation as Dreyfuss asserts! They are still owned by the western Illuminati!
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Italian Supreme Court President Blames Bilderberg For Terrorist Attacks!
Strange visit by Bilderberger Eric Schmidt to North Korea. Click on image for article!
- The Bilderberg Group is a part of the western Illuminati round table! It is a geo-political arm of the Illuminati. Ask yourself this: Why did Google chairman Eric Schmidt, a Bilderberg member, visit North Korea in January 2013? There is an occult (ie. Satanic) agenda hidden from the sheeple’s view. Things are not what they appear to be!
Illuminati Round Table, Geo-Political Organization Chart
- Italian Supreme Court President Blames Bilderberg For Terrorist Attacks!
by Paul Joseph Watson, www.Infowars.com
Honorary President of the Supreme Court of Italy and former Senior Investigative Judge Ferdinando Imposimato, the man who prosecuted the case involving the assassination attempt against Pope John Paul II, has sensationally accused the Bilderberg Group of being behind terrorist attacks in Europe.
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In an interview with the ArticoloTre website, Imposimato, who was also involved in the case involving the kidnapping and murder of former Italian Prime Minister Aldo Moro, said that he “found a document that left me appalled” implicating the Bilderberg Group in conspiring with the far right organization Ordine Nuovo to commit terror attacks.
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Speaking of unsolved murders in Italy and the document in his possession, Imposimato stated, “When it comes to slaughter it also speaks of the Bilderberg Group. I believe this document. I did some tests and I can say that behind the strategy of tension and the slaughters there is also the Bilderberg group, a sort of Big Brother is over, maneuvering, using terrorists and Masons. “
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The “strategy of tension” refers to a policy under the auspices of Operation Gladio, a NATO cold war “stay behind” project that sought to create an expedient political climate in Europe by having its agents carry out terror attacks which were then blamed on both far left and far right political groups.
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Gladio was designed to demonize political opposition and “force the public to turn to the state to ask for greater security,” according to the testimony of former Gladio agent Vincenzo Vinciguerra. In 2000, an Italian parliamentary investigation found that the 1980 Bologna train bombing, which killed 85 people, was carried out by “men inside Italian state institutions and … men linked to the structures of United States intelligence.”
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“You had to attack civilians, the people, women, children, innocent people, unknown people far removed from any political game,” Vinciguerra explained in sworn testimony.
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“The reason was quite simple. They were supposed to force these people, the Italian public, to turn to the state to ask for greater security. This is the political logic that lies behind all the massacres and the bombings which remain unpunished, because the state cannot convict itself or declare itself responsible for what happened,” he added.
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Imposimato stated that he was given the document by a former Ordine Nuovo terrorist. Members of Ordine Nuovo (Italian for “New Order”) participated in numerous deadly terrorist attacks, including the 1969 Piazza Fontana bombing, the 1970 Rome-Messina train attack, the 1974 Piazza della Loggia bombing in Brescia, and the Italicus Express bombing in 1974.
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The Bilderberg Group is an annual confab of around 120 of the most influential power brokers on the planet from the world of politics, business, banking, academia, media, and even royalty. The organization’s yearly meeting is held in a plush hotel resort in either Europe, Canada or America, but despite a plethora of heavy hitters in attendance, the mainstream media affords the event scant coverage, labeling it a mere talking shop despite former NATO Secretary-General and Bilderberg member Willy Claes’ 2010 admission that Bilderberg attendees are mandated to implement policy decisions that are formulated during the meeting.
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There are innumerable other examples of how Bilderberg has influenced major global events ahead of time, picking Presidents and Prime Ministers on a regular basis with total contempt for the democratic process.
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In 2009, Bilderberg chairman Étienne Davignon even bragged about how the Euro single currency was a brainchild of the Bilderberg Group.
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Imposimato’s broadside against Bilderberg follows in the footsteps of his compatriot Alfonso Luigi Marra, a prominent lawyer who recently requested that the Public Prosecutor of Rome investigate the Bilderberg Group for criminal activity, questioning whether the elitist organization’s 2011 meeting in Switzerland led to the selection of Mario Monti as Prime Minister of Italy.
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Labeling the group a “unique, illegal brotherhood” of elitists who consider themselves to be “above the law,” Marra pointed the finger at Bilderberg for engineering wars, economic collapses, and arming dictators, activities which, “constitute an obvious, blatant violation, to say the least, of the articles of the Criminal Code.”
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The precise date and location of the 2013 Bilderberg meeting is yet to be confirmed, although speculation has centered around the confab taking place somewhere near London in early June.
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A Tipping Point In The Financial System?
The Illuminists are lining up the pieces for a catastrophic global collapse!
- A Tipping Point In The Financial System?!
by Deviant Investor, http://www.deviantinvestor.com/
March and April 2013 may go down in history as the tipping point for the western financial system.
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We have already seen:
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- Lehman Brothers and many other financial firms collapse.
- $700 Billion in TARP funds arranged by banking insiders for banking insiders at the expense of US taxpayers.
- Over $16 Trillion in bailouts, guarantees, swaps, and loans created by the Fed and given to various banks, nations, and other insiders.
- MFGlobal took “segregated” customer funds, the exchange provided no compensation to customers, and yet no criminal indictments have been issued.
- Global derivatives total $700 Trillion to well over $1,000 Trillion, depending on who is counting. Some are “toxic waste.”
- Many European bailouts and “fixes.”
- Spain, Italy, Slovenia, and perhaps France in trouble.
- US official debt approaching $17 Trillion with unfunded liabilities many times larger.
- The Federal Reserve creating $85 Billion per month (over $115,000,000 per hour) to support banks and the US government.
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So what other disasters could occur? In a word, Cyprus!
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- Not because the EU and Cyprus took Russian money.
- Not because several banks will close.
- Not because some deposits will be confiscated and/or frozen.
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In my opinion, the sign that a tipping point has occurred in the financial system is the real story:
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- The veil of banker honesty has been lifted. The EU/IMF/ECB will do whatever is necessary to support the banks, even if it means they will confiscate (tax, steal, bail-in) customer deposits.
- Customer deposits are NOT assets held in the bank for safe-keeping, but are liabilities of the bank and are not guaranteed to be made whole.
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read more!
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CEO Of Italy’s Largest Bank Says Haircuts Of Uninsured Depositors “Acceptable”, Should Become A Template!
- IMO, the Illuminists are intentionally fomenting distrust of the banking system. Ie. they are pulling the plug on the entire financial system! Their plan calls for a global economic, financial and currency collapse followed closely by WW3! The suggestion that finance ministers and bank CEOs do not understand the consequences of what they are saying ie. bank runs, is nonsensical. They want to initiate the destruction of fiat currencies via hyperinflation to lay the foundation for their coming One World Currency backed by gold and Global Supra-National Central Bank. When money is withdrawn from the banking system, it will flee into hard assets in particular gold/silver. It will cause a rise in inflation and then go out of control into hyperinflation!
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CEO Of Italy’s Largest Bank Says Haircuts Of Uninsured Depositors “Acceptable”, Should Become A Template!
by Tyler Durden, www.zerohedge.com
While the head of the ECB and his assorted kitchen sinks scramble to explain how Diesel-BOOM was horribly misunderstood when saying that depositor impairment may and will be the template for future European bank “resolution” (as should have been the case from Day 1), the CEO of Italy’s largest bank appears to have missed the memo. As Bloomberg reports, according to the chief executive Federico Ghizzoni, “uninsured deposits could be used in future bank failures provided global rulemakers agree on a common approach.” Or failing that, because if Cyprus taught us anything is that Europe will never have a common approach on anything, just use deposits as impairable liabilities, period, once the day of reckoning for Non-Performing Loans comes and these are forced to be remarked to reality, just as happened in Cyprus. One can only hope that uninsured deposits do not represent a substantial portion of the bank’s balance sheet because the CEO basically just told them they are next if when risk comes back to the Eurozone with a vengeance. Especially since as Mario Draghi was so helpful in pointing out, “there is no Plan B.“
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To wit:
Cutting large deposits in failing banks, along with other liabilities such as bonds, to offset losses is acceptable as long as small savers’ funds remain protected, Ghizzoni told reporters in Vienna late yesterday. The European Union has to introduce identical rules in all of its member states and ideally those rules would be coordinated globally, he said.
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In fact, to the Italian, deposit impairment is perfectly ok as long as “everyone does it” – in other words, if it does become the template the Dutch finance minister already said it is, then all is well.
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read more!
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Stephen Leeb: West Much Closer To Collapse As Gold War Continues To Rage!
- West Much Closer To Collapse As Gold War Continues To Rage!
by www.kingworldnews.com
On the heels of the Cypriot Finance Minister quitting and continued volatility in gold, today acclaimed money manager Stephen Leeb told King World News the West is much closer to collapse than it was even three weeks ago, and gold is being sold to mask the desperate situation the West faces going forward. Here is what Leeb had to say in this powerful interview: “Eric, the thing to remember right now, gold is the barometer of what is wrong with the West. We can look at Cyprus, Spain, Italy, and say the West is sick. But you put the thermometer in your mouth and you see 98.6 (degrees, normal temperature), and that’s because someone is putting cold water on the thermometer right now in the form of selling gold.”
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“That can only continue for a certain period of time. After that period of time you will have what is known as the greatest short squeeze the world has ever seen (in gold). It could be that China suddenly decides they have enough gold and come out and say, ‘The yuan is partially backed by gold.’
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It could be any number of things but that catalyst is inevitable, it’s going to happen. I see us closer to major changes. A collapse of the current situation….
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Who’s Next? Italy’s Monte Paschi Admits To Billions In Deposit Outflows!
- Who’s Next? Italy’s Monte Paschi Admits To Billions In Deposit Outflows!
by Tyler Durden, www.zerohedge.com
It appears, given news from Italy today, that European depositors are increasingly coming to the realization that deposits in their local bank are not ‘safe’ places to put their spare cash, but are in fact loans to extremely leveraged businesses. In a somewhat wishy-washy, ‘hide-the-truth’-like statement on Monte dei Paschi’s website, the CEO admits to, “the withdrawal of several billion in deposits.” Of course, the reasons why these depositors withdrew their capital from the oldest bank in the world will never be known though of course he blames it on “reputational damage” from their derivative cheating scandal.
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Apparently the fact that this happened to come about six week after said scandal and the bank’s third bailout, and that the prior two bailouts did not result in such an outflow of unsecured liabilities (at least not to the public’s knowledge), was lost on the senior management, as was lost that a far greater catalyst may have been the slightly more troubling events in Cyprus in the second half of March. Unsurprisingly, as Reuters notes, the CEO declined to give a forecast on the level of deposits at the end of the first quarter of 2013; no wonder given the bank just doubled its expectations for bad loans and the ‘Cypriot Solution’ dangling over uninsured depositor hordes.
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Via Reuters,
Customers’ deposits at Italian bank Monte dei Paschi fell by “a few billion euros” … the bank said in a document posted on its web site on Saturday.
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But it has yet to make clear what impact the scandal itself had on its first quarter results.
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“The illicit nature of the derivatives trades and their consequence on the bank’s assets exposed the bank to reputational damage that was immediately translated into…the withdrawal of a few billion euros in deposits,” the bank said in a document for shareholders attending its April 29 meeting.
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Buchheit On Cyprus: “The Situation Is Spiralling Down”, And Why A Second Bailout May Be Needed ! Slovenia Next? Who Else ?? Then Spain & Italy??
- Buchheit On Cyprus: “The Situation Is Spiralling Down”, And Why A Second Bailout May Be Needed!
by Tyler Durden, www.zerohedge.com
When the world’s leading expert on Sovereign debt restructurings believes that the endgame for Cyprus might be another round of restructuring, adding that “I’m not sure this is over,” it is important to listen. With the calmness in Cyprus today more reflective of paralysis than confidence, Lee Buchheit senses that the parameters of how much money will be needed to recapitalize the banks have changed. He tells Bloomberg TV’s Lee Pacchia in this brief clip, “the situation is spiraling down… they’ll need more money because the economy is worse, tax collections less, deposits will flow out when they can flow out.” As for which European nation will be next in need of assistance with its sovereign debt burdens? Buchheit agrees with us that while many are looking to Slovenia, he sees real economic and political problems in both Italy and Spain remaining especially since the EU “have certainly changed the rules of the game.”
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Nigel Farage: Cyprus Rejection Sets Up A Crash In Markets!
Global meltdown is coming!
- Nigel Farage – Cyprus Rejection Sets Up A Crash In Markets!
by www.kingworldnews.com
Today Nigel Farage told King World News the Cyprus government officials would vote out of fear to save their own lives and that’s exactly what happened. Farage, who is Britain’s popular MEP, told KWN that what just happened in Cyprus is much bigger than the Icelandic revolt, and that it has now set up a crash in markets. Here is what Farage had to say in this extraorindary interview: “Even my direst predictions about what the bureaucrats in Brussels would do to prop-up the failing eurozone crisis, even I didn’t predict they would resort to theft, and that is all you can call this. It is theft. It is the breach, of course, of their deposit guarantee they put in place in 2008.”
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“And perhaps on a higher level it’s actually a breach of the basic principle of the rule of law, which is one of the governing functions of the whole of our Western civilization. So it is a truly astonishing thing that they (central planners) have done. Have they thought through the consequences of this? Because if you do it once (steal from bank depositors) in one eurozone country, what’s to stop you from doing it again in another eurozone country?….
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Banking Chief Calls For 15% Looting of Italians’ Savings!
- Banking Chief Calls For 15% Looting of Italians’ Savings!
by Paul Joseph Watson, www.Infowars.com
News that the International Monetary Fund initially demanded to loot a shocking 40% of savings from the private bank accounts of Cypriots underscores how residents of the Mediterranean country could be the latest victims of the infamous “IMF riot,” as the chief economist of the German Commerzbank calls for Italians to be similarly plundered for 15% of their savings.
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The government of Cyprus is set to vote tomorrow on enforcing a “tax,” which in reality is nothing less than a confiscation of private wealth, that would hit savers with between 100,000 to 500,000 euros with a levy of 9.9%. Those with over half a million euros will face an even higher rate of 15%.
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However, the scale of the robbery could have been far higher. As Zero Hedge reports, “It appears that the settled-upon 9.9% haircut is a ‘good deal’ compared to the stunning 40% of total deposits that Germany’s FinMin Schaeuble and the IMF demanded.”
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Now that the dictatorial EU and IMF have simply set about stealing the privately accrued wealth of lifetime savers in Europe, everyone is asking one question – who’s next?
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Joerg Kraemer, chief economist of the German Commerzbank, has called for private savings accounts in Italy to be similarly plundered. “A tax rate of 15 percent on financial assets would probably be enough to push the Italian government debt to below the critical level of 100 percent of gross domestic product,” he told Handelsblatt.
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Although many Cypriots reacted with an anger over the theft of their savings, with one man threatening to drive a bulldozer into his local bank, the reaction has so far been noticeably calmer than one would expect in a country like Italy, which has already been hit with violent anti-austerity riots over the past year.
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Are we now seeing yet another example of the “IMF riot” – where the banking elite deliberately fosters social dislocation as a ruse to seize control of a nation’s economy and begin the process of asset stripping, just as happened in Greece and Argentina? Are Cyprus and Italy now in the crosshairs?
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As respected investigative reporter Greg Palast exposed in 2001, the global banking elite, namely the World Bank and the IMF, have honed a technique that has allowed them to asset-strip numerous other countries in the past – that technique has come to be known as the “IMF riot.”
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In April 2001, Palast obtained leaked World Bank documents that outlined a four step process on how to loot nations of their wealth and infrastructure, placing control of resources into the hands of the banking elite.
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One of the final steps of the process, the “IMF riot,” detailed how the elite would plan for mass civil unrest ahead of time that would have the effect of scaring off investors and causing government bankruptcies.
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“This economic arson has its bright side – for foreigners, who can then pick off remaining assets at fire sale prices,” writes Palast, adding, “A pattern emerges. There are lots of losers but the clear winners seem to be the western banks and US Treasury.”
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Beppe Grillo: “Italy Is Already De Facto Out Of The Euro”!
- Beppe Grillo: “Italy Is Already De Facto Out Of The Euro”!
by Tyler Durden, www.zerohedge.com
In a preview of an interview he will conduct today with German’s Handelsblatt, the surprise winner of last month’s Italian elections Beppe Grillo said that Italy is “already de facto” outside the euro and runs the risk of being “dropped” by the region’s wealthiest members as soon as their banks recoup what they invested in the nation’s bonds. His suggestion – the same that got Greece’s G-Pap promptle sacked in late 2011 – a popular referendum to decide if Italy should remain in the Eurozone. Grillo’s best line, however, was saved for Mario Monti: “he is a bankruptcy trustee on behalf of the banks” which is perhaps the most astute description we have read of the former Goldman operative ever. Still think Grillo is just a simple-minded comic with a penchant for anarchy?
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From Handelsblatt:
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The Italian politician and surprise winner of the last general election, Beppe Grillo, does not believe the fate of Italy is to remain in the Euro-zone. “In fact, Italy’s already out of the euro,” said the leader of the party “five stars” in an interview with the Handelsblatt. He believes that the Nordic countries would keep Italy only so long, “until they have taken the pure investment banks in their Italian bonds again. Then they will drop us like a hot potato.“
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Grillo sketched a popular decision on the euro. It has to pass an exit from the euro but “not alone” but would “make an online referendum on the euro.” Just as on the Lisbon Treaty. These are “all issues on which our Constitution was ignored”.
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In Italy, 1000 Companies Go “Belly Up” Each Day!
- In Italy, 1000 Companies Go “Belly Up” Each Day!
by Tyler Durden, www.zerohedge.com
Since a government austerity plan intended to reduce the risk of a debt crisis and ensure the backing of the ECB took hold last year, Italy’s economy has tumbled into one of worst recessions of any euro zone country, and as NY Times reports, among Italy’s estimated six million companies, businesses of all sizes have been going belly up at the rate of 1,000 a day over the last year, especially among the small and midsize companies that represent the backbone of Italy’s shrinking economy. With policy “paralysis” now more likely following the recent inconclusive elections, Ken Rogoff warns, “this underscores the likelihood of Italy having a Japan-like decade with phenomenally slow growth,” and adds that this raises concerns over “the long-run stability of growth in the euro zone over all.”
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Italy’s longstanding problems have grown worse in the last year as tax increases and spending cuts were pressed by Mr. Monti. 50% of small companies – ones with fewer than 50 workers, which constitute the vast majority of Italy’s economy and long provided much of its vitality, that are buckling as banks halt lending and taxes rise – unable to pay their employees on time. With the European Union standing as America’s largest trading partner, problems that plague Europe’s economy will be felt across the Atlantic.
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Western World’s Perpetual Motion Ponzi Scheme To Collapse!
- Western World’s Perpetual Motion Ponzi Scheme To Collapse!
by www.kingworldnews.com
Today Egon von Greyerz warned King World News that the Western world is now fully engaged in a perpetual motion Ponzi scheme and a collapse is coming. Greyerz, who is founder of Matterhorn Asset Management, also said that propaganda will not save the West from what is coming. Here is what Greyerz had to say in this remarkable and exclusive interview: “Eric, the world is broke, and more and more individuals are broke or going broke. The reality now is that most individuals are one paycheck away from going under. These same people are also loaded with debt in many case. Students are also broke and they have massive loans but no jobs.”
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“The elderly have been drawing more than anticipated from their retirement accounts to cover their living expenses because they have little or no interest income. This is why people consistently reject any austerity measures proposed by Western governments. The Italian election this week was very significant….
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Merkel Advisor Feld: “Euro Crisis Will Return Shortly And With A Vengeance”!
Revelation 13:1 – Then I stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns,(b) and on his horns ten crowns, and on his heads a blasphemous name.
“We have to think about how to deal with a modified eurozone.” What exactly a “modified” eurozone means we don’t know. We will, however, surely find out soon enough. – Quote
- Merkel Advisor Feld: “Euro Crisis Will Return Shortly And With A Vengeance”!
by Tyler Durden, www.zerohedge.com
For all the groundless, starry-eyed optimism permeating Europe’s bureaucratic corridors of the fading oligarchy these days (because this time is not like every other time that, too, was different), there has always existed one sure, never-fail antidote: Germany, which without fail has managed to ground Europe any time its delusion of grandure hit escape velocity. Sure enough, while all the statist soothsayers who threatened with armageddon if the outcome of the Italian elections happened to be precisely the one that transpired, were stuck in backpedal mode, and scrambling to calm nerves that all shall be well after all, one person who refuses to play by the script is Lars Feld, member of panel of economic advisers to German Chancellor Angela Merkel, who in an interview with the Frankfurter Allgemeine Zeitung tomorrow says the euro crisis is to return shortly and “with a vengeance” as capital loss will lead to higher risk premiums for Italy’s interest rates.
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From Handelsblatt, previewing the FAZ Wednesday edition:
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The Italian economy would not find their way out of the recession, according to the pessimistic assessment by Lars Feld: “The sustainability of Italian public finances is in jeopardy. The euro crisis will therefore return shortly with a vengeance.”
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Apparently, the Italians were not ready to move on the path of reform that has been taken by Mr. Mario Monti, Field said.
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“You can not expect that Italy’s European partners or the ECB will stabilize the Italian economy, when its people are not ready for reform.”
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And making sure Feld is not alone, he was joined by Anton Boerner, head of Germany’s BGA exporters’ association, who in turn said Italy must reform tax, labor, judicial system or risk “irreparable damage” of euro. Finally, Boerner says if Italy not willing to reform, “we have to think about how to deal with a modified eurozone.”
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What exactly a “modified” eurozone means we don’t know. We will, however, surely find out soon enough.
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Will Italy Be The Spark That Sets Off Financial Armageddon In Europe?
Financial Armageddon dead ahead !
- Will Italy Be The Spark That Sets Off Financial Armageddon In Europe?
by Michael, http://theeconomiccollapseblog.com/
Is the financial collapse of Italy going to be the final blow that breaks the back of Europe financially? Most people don’t realize this, but Italy is actually the third largest debtor in the entire world after the United States and Japan. Italy currently has a debt to GDP ratio of more than 120 percent, and Italy has a bigger national debt than anyone else in Europe does. That is why it is such a big deal that Italian voters have just overwhelmingly rejected austerity. The political parties led by anti-austerity candidates Silvio Berlusconi and Beppe Grillo did far better than anticipated. When you combine their totals, they got more than 50 percent of the vote.
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Italian voters have seen what austerity has done to Greece and Spain and they want no part of it. Unfortunately for Italian voters, it has been the promise of austerity that has kept the Italian financial system stable in recent months. Now that Italian voters have clearly rejected austerity, investors are fearing that austerity programs all over Europe may start falling apart. This is creating quite a bit of panic in European financial markets right now. On Tuesday, Italian stocks had their worst day in 10 months, Italian bond yields rose by the most that we have seen in 19 months, and the stocks of the two largest banks in Italy both fell by more than 8 percent. Italy is already experiencing its fourth recession since 2001, and unemployment has been steadily rising. If Italy is now “ungovernable”, as many are saying, then what does that mean for the future of Italy? Will Italy be the spark that sets off financial armageddon in Europe?
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All of Europe was totally shocked by the election results in Italy. As you can see from the following excerpt from a Bloomberg article, the vote was very divided and the anti-austerity parties did much better than had been projected…
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The results showed pre-election favorite Pier Luigi Bersani won the lower house with 29.5 percent, less than a half a percentage point ahead of Silvio Berlusconi, the ex-premier fighting a tax-fraud conviction. Beppe Grillo, a former comedian, got 25.6 percent, while Monti scored 10.6 percent. Bersani and his allies got 31.6 percent of votes in the Senate, compared with 30.7 percent for Berlusconi and 23.79 percent for Grillo, according to final figures from the Interior Ministry.
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So what do those election results mean for Italy and for the rest of Europe? Right now, there is a lot of panic about those results. There is fear that what just happened in Italy could result in a rejection of austerity all over Europe…
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Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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