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Socio-Economics & History Commentary

Either Greece is Forced Out or Germany Walks… Either Way a Collapse is Coming!

  • The Eurozone is set for collapse. It is an intentional, planned crisis by the Anglo-American western Illuminati. The collapse will start in the PIIGS, cascade throughout Europe, UK, Japan … and finally America. The end point is the Satanic World War 3. This is their plan. Of course, it does not mean that they are God and everything they plan will be successful. I see them failing in their planned war against Iran! Iran will survive.
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  • The purpose of this global economic, financial and monetary collapse leading to world war is a Luciferian New World Order, World Government and Supra-National Global Central Bank –> ’666′! They want to set the stage for the introduction of their fake messiah, bringer of false peace, the Anti-Christ, the white horseman of Revelation 6! Christianity is targeted for destruction. Are you prepared for the attack or will you be a part of the great falling away of 2 Thess. 2:3 ?
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    Either Greece is Forced Out or Germany Walks… Either Way a Collapse is Coming! 
    by Phoenix Capital Research , http://www.zerohedge.com/ 
    The situation in Europe has now reached the point that the major players have shown their hands. And they are:
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    1. Germany will not put up more money unless Greece essentially passes up its fiscal sovereignty.
    2. The G20 will not give more money to Europe via the IMF unless Germany and other EU nations create a “firewall” by putting more capital into the ESM mega-fund.
    3. The ECB has announced Greek bonds are not eligible collateral for its LTRO operations, so if banks need immediate liquidity, they need to go to national central banks (read Germany). 
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    This is quite a turn of events. Prior to this, the ECB and Germany were seen to be working hand in hand (aside from the usual political spats) to save Europe. But between the ECB’s decision to swap out its Greek debt for new debt that won’t take a hit in the event of Greek default as well as its recent rejection of Greek debt as collateral for LTRO loans, it appears that the ECB is increasingly going to make Europe’s problems Germany’s problems.
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    Both parties have a lot to lose in this battle. Over a quarter of the ECB’s balance sheet is made up of PIIGS debt. And German banks have plenty of exposure to the PIIGS as well.
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    This is why both entities (the ECB and Germany) have made moves to firewall themselves from a European fall-out. However, it is Germany that appears to have realized the reality of the situation more clearly: that there is no “good” way out of this mess, that austerity measures only cripple economic growth and make defaults even more likely, and that the Great Euro experiment is coming to an end.
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    This is most clear in the fact that Germany doesn’t want to commit more funds to the ESM mega-fund. It’s also illustrated by Germany’s intense demands of Greece, demands it knows Greece won’t possibly go for (which begs the question, “is Germany trying to simply force Greece out of the Euro without having to explicitly call for its exit?).
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    After all, Germany has its own problems to deal with. German banks are some of the most highly leveraged in Europe. And when you include unfunded liabilities, German Debt to GDP is north of 200%.
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    Plus you have an increasingly outraged German populace (the majority of them don’t want a second Greek bailout) putting pressure on German politicians. Indeed, the only political points German leaders have scored in the last few months have come from playing hardball with Greece.
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    … for more click here!

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March 1, 2012 - Posted by | Economics, GeoPolitics | , , , , , , , , , , , ,

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