German Professors Challenge Greek Bailout Legislation, Declare it Unconstitutional

Commentary:

Greece should (arrest the Goldman Sachs banksters) default on those bonds that are unpayable and let the stupid investors/banksters eat the losses.

Instead the people in Greece and the EU will be presented with the bill, created by corrupt elite criminals.

Now Germany is portrayed as not willing to help the people of Greece.

The Greek bailout is not about helping the people.

It is about looting the people in the EU (and everywhere else) until there is nothing left. This is happening everywhere.

Max Keiser on Greece: ‘The IMF is a Financial Mafia’:

“The only solution for Greece is to arrest the Goldman Sachs bankers immediately and all those involved in the fabrication of Greek economic data in 2000, when you became a member of the eurozone. The next step is to nationalize all banks like Sweden did in 1993. The International Monetary Fund is that last thing you need. You will lose your sovereignty. It exercises terrorism. You will be raped in such a way, that it will be the worst pain you have ever felt.

If someone burns down your house in order to sell you charcoal, would you consider this logical? That is exactly what Goldman Sachs did to the Greek economy. They burned you down like arsonists and then they tell you not to worry they’ll give you charcoal. It’s outrageous. The IMF has said that it can provide Greece with help. The Wall Street investment hedge funds are attacking Greece’s bond market so that the Greek economy collapses. And they’re doing this for a simple reason; to force the Greek people to ask for help from the IMF. The IMF will say, we came because you asked for our help. Wall Street bankers work very closely with the IMF. It’s a financial mafia and the hedge funds are the assassins. Research conducted on Goldman Sachs in the USA and in Europe show how big a mafia it is. They are involved in illegal activity throughout the world.?

Germany is on the side of the Wall Street bankers. Germany doesn’t care about Greece or the euro. The euro replaced a cheap capital in order to uphold competitiveness in its export market. As long as Greece is a problem, the euro falls, which is something that is in Germany’s interest.

The European Union and the euro are competing with the dollar. Unfortunately, the crisis will destroy the euro. The financial terrorists on Wall Street intend to destroy Portugal, and other countries, after Greece. The destruction of the euro will allow the dollar to be the only international currency, the only fiscal reserve. If a country wants to buy petroleum, it must purchase dollars first. If a country wants to buy copper, it must purchase dollars first. Because these and many other commodities are only sold in dollars. This means that the U.S. is making a continuous profit. The whole world is obliged to buy dollars. The euro threatened the empire of the dollar. It was naturally not appreciated by Wall Street bankers. They are using the crisis to destroy the euro. The Greek people must stand up to the bankers, just like the Icelandic people did.”

The reality is that:

Elite (Bilderberg) puppet Merkel urges parliament to give more taxpayer money to Deutsche Bank under pretext of “Greek bailout”

– Germany staggers under bank bailout and souvereign debt

– Faces financial meltdown with Greece

– Banks poised to buy up bankrupted countries

Merkel urges Germany to support Greece with bail-out (BBC News):

“Quite simply Europe’s future is at stake,” Ms Merkel said. “Europe is at a fork in the road.”

Parliamentary approval is needed for the EU and IMF to start disbursing the 110bn-euro ($143bn; £95bn) bail-out.

Elite puppet President Obama, for example, added more to the National Debt in 120 days than all other Presidents did in the past 220 years, yet feels qualified to lecture Americans about ‘fiscal responsibility’.

Gordon Brown and Alistair Darling hail themselves as saviors, who saved the UK from the financial crisis.
What they are really doing is bankrupting the UK and destroying the pound.

UK budget deficit to surpass Greece’s as worst in EU

The majority of the people is still ignorant about what all this dramatically increased government debt and policies like quantitative easing by their central banks (=printing money = creating money out of thin air = increasing the money supply = INFLATION) mean for them.

Here is (again) what it means:

“When a country embarks on deficit financing and inflationism you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
– John Maynard Keynes

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
– Alan Greenspan

“The one aim of these financiers is world control by the creation of inextinguishable debts.”
– Henry Ford

“I place the economy among the first and most important virtues, and public debt as the greatest of dangers.”
– Thomas Jefferson

“There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved.”
– Ludwig von Mises

And Obama knows exactly what he is doing:

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama

After the elite criminals will have bankrupted and collapsed EVERYTHING they will propose the New World Order as the only solution to all the problems that they have created in the first place.

Rise up people (peaceful) … or fall and live as slaves.

Germany should leave the EU and the euro and go back to the German mark, backed with gold.


Professors to challenge Greek bailout legislation in Germany

angela-merkel
Elite puppet Angela Merkel

Karlsruhe, Germany – A group of professors who want Germany to be guided by its national interests promised Tuesday to mount a court challenge this week against legislation on bailing out Greece.

They are to demand Friday that the Federal Constitutional Court declare the legislation a breach of the German constitution.

A spokesman said he would file suit straight after Germany’s parliament is expected to pass a law committing Berlin to a 22.4-billion-euro (29-billion-dollar) share in European Union rescue loans to Athens.

The aid is unpopular among Germans, who say they have had to endure lagging wages, high taxes and retirement deferrals for years. News reports in Germany have portrayed Greece as spendthrift, corrupt and undeserving.

“We’ll hand in the docket at 12 noon and announce why,” said Karl Albrecht Schachtschneider, a retired professor of public law.

He told the German Press Agency dpa he was backed by three economics professors, Joachim Starbatty, Wilhelm Noelling and Wilhelm Hankel, as well as by retired Thyssen chief executive Dieter Spethmann.

Schachtschneider mounted an unsuccessful court challenge in 1998 against Germany’s abolition of its deutschmark currency and adoption of the euro. He contended then Germany should be guided solely by its own national interests.

He said in Karlsruhe that aid to Greece would trigger an inflationary policy that would undermine the German constitution’s pledges to preserve private property and uphold social fairness.

He charged the bill would also overstep criteria laid down by the constitutional court last year when it said the European Union’s Treaty of Lisbon encroached on rights of the German parliament. Germany had to revise its treaty legislation after that ruling.

The constitutional court in Karlsruhe has a history of judicial activism, often ruling that Berlin legislation is unconstitutional.

Berlin is set to rush the legislation through this Friday.

Tue, 04 May 2010 15:32:13 GMT

Source: Earth Times

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