Category Archives: greece

Greece To Exit From Rothschild’s European Union Banking Scheme!

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A protest against austerity serfdom measures in Athens. Greece is considering leaving the euro zone, according to sources in the German government.

The debt crisis in Greece has taken on a dramatic new twist. Sources with information about the government’s actions have informed SPIEGEL ONLINE that Athens is considering withdrawing from the euro zone. The common currency area’s finance ministers and representatives of the European Commission are holding a secret crisis meeting in Luxembourg on Friday night.

Britain Mobilizes Against The Banking Cabal ~ Videos.

Greece’s economic problems are massive, with protests against the government being held almost daily. Now Prime Minister George Papandreou apparently feels he has no other option: SPIEGEL ONLINE has obtained information from German government sources knowledgeable of the situation in Athens indicating that Papandreou’s government is considering abandoning the euro and reintroducing its own currency.

  The European Union Game Is Over: Nigel Farage MEP ~ German Chancellor Angela Merkel: NWO Has Failed, Germany Returning To Its Christian Roots!

Alarmed by Athens’ intentions, the European Commission has called a crisis meeting in Luxembourg on Friday night. The meeting is taking place at Château de Senningen, a site used by the Luxembourg government for official meetings. In addition to Greece’s possible exit from the currency union, a speedy restructuring of the country’s debt also features on the agenda. One year after the Greek crisis broke out, the development represents a potentially existential turning point for the European monetary union — regardless which variant is ultimately decided upon for dealing with Greece’s massive troubles.

Given the tense situation, the meeting in Luxembourg has been declared highly confidential, with only the euro-zone finance ministers and senior staff members permitted to attend. Finance Minister Wolfgang Schäuble of Chancellor Angela Merkel’s conservative Christian Democratic Union (CDU) and Jörg Asmussen, an influential state secretary in the Finance Ministry, are attending on Germany’s behalf.

‘Considerable Devaluation’

Sources told SPIEGEL ONLINE that Schäuble intends to seek to prevent Greece from leaving the euro zone if at all possible. He will take with him to the meeting in Luxembourg an internal paper prepared by the experts at his ministry warning of the possible dire consequences if Athens were to drop the euro.

ITS TIME TO CRUSH THE EUROPEAN UNION ~ ITS TIME TO DROP THE EURO!

“It would lead to a considerable devaluation of the new (Greek) domestic currency against the euro,” the paper states. According to German Finance Ministry estimates, the currency could lose as much as 50 percent of its value, leading to a drastic increase in Greek national debt. Schäuble’s staff have calculated that Greece’s national deficit would rise to 200 percent of gross domestic product after such a devaluation. “A debt restructuring would be inevitable,” his experts warn in the paper. In other words: Greece would go bankrupt.

France’s Sarkozy: Multiculturalism Has Failed – World – CBN News

It remains unclear whether it would even be legally possible for Greece to depart from the euro zone. Legal experts believe it would also be necessary for the country to split from the European Union entirely in order to abandon the common currency. At the same time, it is questionable whether other members of the currency union would actually refuse to accept a unilateral exit from the euro zone by the government in Athens.

What is certain, according to the assessment of the German Finance Ministry, is that the measure would have a disastrous impact on the European economy.

“The currency conversion would lead to capital flight,” they write. And Greece might see itself as forced to implement controls on the transfer of capital to stop the flight of funds out of the country. “This could not be reconciled with the fundamental freedoms instilled in the European internal market,” the paper states. In addition, the country would also be cut off from capital markets for years to come.

In addition, the withdrawal of a country from the common currency union would “seriously damage faith in the functioning of the euro zone,” the document continues. International investors would be forced to consider the possibility that further euro-zone members could withdraw in the future. “That would lead to contagion in the euro zone,” the paper continues.

Remembering Argentina As Rothschild’s BluePrint For The United States!

Banks at Risk

Moreover, should Athens turn its back on the common currency zone, it would have serious implications for the already wobbly banking sector, particularly in Greece itself. The change in currency “would consume the entire capital base of the banking system and the country’s banks would be abruptly insolvent.” Banks outside of Greece would suffer as well. “Credit institutions in Germany and elsewhere would be confronted with considerable losses on their outstanding debts,” the paper reads.

THIS IS A GOOD THING, COMPARED TO BEING A TAX PAYING SERF TO ROTHSCHILD FOR YOUR WHOLE LIFE.

The European Central Bank (ECB) would also feel the effects. The Frankfurt-based institution would be forced to “write down a significant portion of its claims as irrecoverable.” In addition to its exposure to the banks, the ECB also owns large amounts of Greek state bonds, which it has purchased in recent months. Officials at the Finance Ministry estimate the total to be worth at least €40 billion ($58 billion) “Given its 27 percent share of ECB capital, Germany would bear the majority of the losses,” the paper reads.

 THE U.S. CITIZEN IS TO OWN THEIR OWN MONEY NOT ROTHSCHILD!

In short, a Greek withdrawal from the euro zone and an ensuing national default would be expensive for euro-zone countries and their taxpayers. Together with the International Monetary Fund, the EU member states have already pledged €110 billion ($159.5 billion) in aid to Athens — half of which has already been paid out.

ITS ALL FRAUD MONEY ANYWAYS, TIME TO DUMP THE EUROPEAN UNION AKA; ROTHSCHILD BANKING SCHEME AKA; NEW WORLD HOARDING!

“Should the country become insolvent,” the paper reads, “euro-zone countries would have to renounce a portion of their claims.” –> YIPPEE!!!!

Spiegel Online

Glass Steagall Act With Stroke Of A Pen Will Nullify Derivative Debt: Europe To Effectively Restore Glass Steagall – Including Austria And Belgium!

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SHHHHHHH ~ NOT THE GLASS STEAGALL ACT

Britain Caught Absconding America’s Wealth : ‘Their Spin’ Britain Threatens War – British Foreign Office Has Communicated Direct Threats To Sovereign U.S. Department Of State : Passage Of McCain/Cantwell Glass Steagall Amendment Will Be An Act Of War Against The British/Rothschild Government!

With Cristiana Muscardini, Deputy Chairman of the International Trade Committee, filing a resolution to effectively restore Glass Steagall in Europe, to be voted upon in the European Parliament, AND with Austria and Belgium seriously considering following in Germany’s footsteps, it certainly SEEMS clear that the “long arm of Wall Street” (as denounced by Michigan Senator Carl Levin) has helped to establish the UNITED STATES as the key contributor to the complete defeat of any global financial reform component in America, whatsoever.

While this may come as some sort of personal shock to those who feel that Big Brother resides in the city of London and that the “men behind the curtains” are mostly Rothschilds or “Royals”, the undeniable fact that the Wall Street captured Administration and especially the Federal Reserve are the modern day equivalent of Mayer Rothschild’s most formidable ambitions to achieve global financial domination should be fairly clear by now.

Though few could have imagined, prior to the Declaration of Independance, that Rothschild would indeed succeed in creating a global cartel of private “central banks” with the authority to control the money supply and interest rate of the currencies of sovereign nations, he most certainly did, and the most powerful of these is obviously the one that controls the supply and rate of the world’s reserve currency.

America’s Debt Is Smoke And Mirrors: Dodd/Frank Most Culpable In Fraudulent Paper Scam!

But that time is coming to an end.

WHEN IT COMES … you will recognize the rallying cry of the GLOBALISTS as they demand that the bankrupt system be bailed out NO MATTER WHAT IT TAKES … They will call it a CONTAGION OF LOST CONFIDENCE. CONfidence that we MUST RESTORE – NO MATTER WHAT THE PRICE (of the BAILOUT).

But SOVEREIGNISTS will repudiate the GLOBAL BAILOUT as a DEATH DECREE upon the working classes of the world.

Yes, it will be a little inconvenient when the gas pumps stop taking credit cards and when power systems fail and your bank shutters … but have faith that WE THE PEOPLE can rely on ourselves, our neighbors, our friends and most importantly our STATE GOVERNMENT to issue the credit to restore systems at the basic level, STATE BY STATE.

Some Imperialist money changer might not be able to buy that chain of islands he was banking on, but I think the creature comforts we’ll all be denied for a few weeks, or even months, will come as more of a blow to the “intellectual elite and world bankers” than it will to people who work for a living.

While it may still be a little early to sound off any ALARMS, I am going into surgery tomorrow so this will be my last post for several weeks.

Just remember that money today is nothing more than electronic accounting entries in a computer. Entries to extend credit. All the paper printing that the Fed is doing merely funds those entries. like those made by the Depository Trust & Clearing Corporation, which clears more monetary volume in derivatives transactions in three days than the gross annual GDP of the USA. When i shuts down, thank your maker.

Then turn to your Sovereign State government to help begin rebuilding upon a real world foundation. By then the administrations credibility will be so beyond repair, it won’t be 70% of the American people who are abandoning Obama, it will be more like 97%, the same percent who are getting scrwwed by the 3% global elite they are aligned with.

Let them Fail

Criminal Rothschild Of London – Forcing International Debt With Monopoly Money!

USA Without Representation : U.K.’s Rothschild Going Bankrupt : Give Them Your Retirement Package! Main Stream Media Owned By General Electric And On Barry Soetoro’s Recovery Panel Wants You To Lay Down And Shut Up While Their Operatives Play Semantics With New Laws To Bail Out England And Roll You Over!

Iceland Checkmates: Criminal Goldmann Sachs – International Banking Cartel’s Extortion Ponzi Scheme For New World Order!

Broke And Loving It!

Iceland has the British Schemers (The NWO Gang) on the run.

Iceland Takes The Lead In Checkmating The Queen’s New World Order Ponzi Scheme.

High Noon In America: As 1776 Repeats Itself, In America’s Battle Against The British Monarchy’s/International Banking Cartel

The Deadly Evil Of British Monarchy’s Dismantling Of America – Video

Dodd (d-conn) Hides Out In Ireland On A Real Estate Bonanza, That He Does Not Know How Much He Paid For!

Round Up The British Dynasty & Their Ilk, For Their Very Own Nuremberg: Devil Is Exposed

Flag This! – $550 Billion USD Absconded From Federal Reserve Within 30 Minutes.

Where Are The Fraudsters Moving – To Live And Play?

Banking Cartel’s New Las Vegas – Dubai : Their Milk Money? – The United States!

 

Britain Caught Absconding America’s Wealth: Britain Threatens War – British Foreign Office Has Communicated Direct Threats To Sovereign U.S. Department Of State!

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STAND YOUR GROUND

STAND YOUR GROUND AGAINST ROTHSCHILD/BRITAIN

The McCain-Cantwell Derivatives War Has Begun

(LPAC) — Lyndon LaRouche today declared that the only hope for avoiding a near-term collapse of the entire global financial system is for the U.S. Senate to pass the Cantwell-McCain amendment, reinstating the Glass Steagall Act, that separated commercial banks from brokerage and insurance firms in 1933. “If the White House and the Senate Democratic leadership don’t succeed in sabotaging the vote on the Cantwell-McCain amendment next week, I believe it will pass with significant bipartisan support,” LaRouche said.

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Jacob Rothschild – British Banking Cartel Crashing : Only America’s Glass Steagall Act Can Save USA

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LaRouche International WebCast 3 Hours 18 Minutes

The British vs U.S. Glass-Steagall

11 Minutes

A New Era of Bipartisanship?

Britain’s Obama At An All Time Low : British Rothschild Must Be Brought Down By – Global Glass Steagall

Rothschild’s General, Barry Soetoro – At War With America: America, Never Submit To The Left Wing Fascists Who Illegally Passed The Health System Takeover!

Pelosi Held Back CBO Numbers – Willfully Constructed To Deceive And Bleed American Citizens!

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Revolting To Europe’s Failed Kyoto Conspiracy Scam: Greece Strengthens Ties With Israel

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Greece New Hydrogen Sub

The strategic and military ties between Greece and Israel are deepening in reverse proportion to Turkey’s estrangement from Israel and its growing closeness to Iran and Syria, DEBKAfile‘s military sources report. Significantly, when the commander of the Greek Navy, Vice Admiral G. Karamalikis secretly visited Israel earlier this month, he won the sort of red carpet which the Israel Defense Forces high command rarely gives foreign military visitors.

Israeli Navy chief Vice Adm. Eli Marum took him around Navy HQ in Haifa port plus unusual tours of the top-secret INS Dolphin Type 800 submarine and the Saar V class INS Eilat 501 corvette.

The Dolphin is ranked as Israel’s premier long-distance deterrent weapon and believed by Western military experts to carry nuclear-capable cruise missiles.

Greek Navy Chief Vice Adm. G. Karamalikis

The Eilat was part of the Israeli submarine’s escort when it passed through the Suez Canal last June, starting out from the Mediterranean and heading to the Red Sea and back. Vice Adm. Marum accompanied the visitor and briefed him on the navy’s operational capabilities.

This demonstration focused on the vessels Israel has thrust to the fore in the last two years for Iran’s benefit, to display the extent of its long-distance military reach as far as Iran’s shorelines, the Persian Gulf and the Arabian Sea.

The military partnership between Israel and Greece is not new. In June 2008, their two air forces and navies conducted a joint war game, during which 100 Israeli fighter-bombers flew out from their bases as far as Greek skies and back, spanning a distance roughly equal to that between Israel and Iran. The exercise was meant to show Tehran the Israeli Air Force’s ability to cover the distance to Iran’s nuclear facilities and back. According to Western military sources, the maneuver included practice sorties by Israeli warplanes against Russian-made S-300 anti-missile missile batteries deployed by the Greek Army.

DEBKA

EU Kyoto Scam/IMF Revolt: Greece, Iceland, Latvia Lead the Way

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EUROPE'S KYOTO SCAM SENDING CONTINENT BACK TO THE DARK AGES

Europe’s Kyoto Scam | Cato Institute: Daily ..Complete Utter failure.

Kyoto sinks Europe: Billions in costs make it more and more …

Europe’s small, debt-strapped countries could follow the lead of Argentina and simply walk away from their debts. That would shift the burden to the creditor countries, which could solve the problem merely by a change in accounting rules.

Total financial collapse, once a problem only for developing countries, has now come to Europe. The International Monetary Fund is imposing its “austerity measures” on the outer circle of the European Union, withGreece, Iceland and Latvia the hardest hit. But these are not your ordinary third world debtor supplicants. Historically, the Vikings of Iceland successfully invaded Britain; Latvia  n tribes repulsed the Vikings; and the Greeks conquered the whole Persian empire. If anyone can stand up to the IMF, these stalwart European warriors can.

Dozens of countries have defaulted on their debts in recent decades, the most recent being Dubai, which declared a debt moratorium on November 26, 2009. If the once lavishly-rich Arab emirate can default, more desperate countries can; and when the alternative is to destroy the local economy, it is hard to argue that they shouldn’t. That is particularly true when the creditors are largely responsible for the debtor’s troubles, and there are good grounds for arguing the debts are not owed. Greece’s troubles originated when low interest rates that were inappropriate for Greece were maintained to rescue Germany from an economic slump. AndIceland and Latvia have been saddled with responsibility for private obligations to which they were not parties. Economist Michael Hudson writes:

“The European Union and International Monetary Fund have told them to replace private debts with public obligations, and to pay by raising taxes, slashing public spending and obliging citizens to deplete their savings. Resentment is growing not only toward those who ran up these debts . . . but also toward the neoliberal foreign advisors and creditors who pressured these governments to sell off the banks and public infrastructure to insiders.”

The Dysfunctional EU: Where a Common Currency Fails

Greece may be the first in the EU outer circle to revolt. According to Ambrose Evans-Pritchard in Sunday’s Daily Telegraph, “Greece has become the first country on the distressed fringes of Europe’s monetary union to defy Brussels and reject the Dark Age leech-cure of wage deflation.” Prime Minister George Papandreou said on Friday:

“Salaried workers will not pay for this situation: we will not proceed with wage freezes or cuts. We did not come to power to tear down the social state.”

Notes Evans-Pritchard:

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