EU

If You STILL Haven’t Bought Any Physical Gold Yet …

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… not to forget physical silver!!!

– If You Haven’t Bought Any Gold Yet… (ZeroHedge, July 21, 2011):

If You Haven’t Bought Any Gold Yet…

Print. Lie. Borrow. Deceive. Deny. These are a the principal tenants of the Greek restructuring plan that were released today from Brussels… it’s as if EU policymakers put it together after shaking a Magic 8-ball.

The whole world knows that Greece is bankrupt and has been living bailout to bailout for over a year. Deep in debt and devoid of cash, the country has completely forsaken its sovereignty in exchange for becoming a ward of the European Union; Prime Minister George Papandreou is now a hapless stooge awaiting instructions from Germany.

It’s ironic that the Greek proposal released today calls for a ‘Marshall Plan’ of investment across Europe… given that the last time Greece was being controlled by Germany was during the country’s occupation by Nazi forces after being vanquished by Hitler’s 12th Army in April 1941.

And so, with limited debate and even less fanfare, Europe has just officially signed on to destroy its own currency. Utterly worthless, quasi-defaulted Greek debt will become perfectly acceptable collateral, much in the same way that the US Federal Reserve took every scrap of toxic paper it could find off banks in 2008 and 2009.

Given the favorable market reaction, European politicians must be feeling pretty proud of themselves. The euro is up. The stock market is up. Oil is up. Well, never mind about oil, they’ll blame that on evil speculators… just like food prices.

Read moreIf You STILL Haven’t Bought Any Physical Gold Yet …

Portugal’s PM Pedro Passos Coelho Discovers ‘Colossal’ Budget Hole

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– Portugal’s Prime Minister Pedro Passos Coelho discovers ‘colossal’ budget hole (Telegraph, July 18, 2011):

Yields on two-year Portuguese debt rose to a fresh record of 20.3pc on Monday, reflecting fears by investors that the country would struggle to pull itself out of downward spiral without some form of debt restructuring.

Mr Passos Coelho also appeared to caution the European authorities that his government will not tolerate heavy-handed interference in the country.

Read morePortugal’s PM Pedro Passos Coelho Discovers ‘Colossal’ Budget Hole

Head Of The World’s Biggest Hedge Fund Sees ‘Economic Collapse’ Due To Money Printing By Early 2013

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– The Head Of The World’s Biggest Hedge Fund Sees “Economic Collapse” Due To Money Printing By Early 2013 (ZeroHedge, July 18, 2011):

As part of its most recent issue the New Yorker has released a must read interview with Ray Dalio – head of the world’s biggest hedge fund, Bridgewater. Dalio’s fund, which according to some may now be as large as $80 billion, continues to outperform even in this problematic environment, indicating that unlike various other managers who shall remain nameless, and whose wealth is built up almost exclusively on one trade (and that belonging to someone else in the first place), Dalio, despite rumors that he is preparing to leave his current position and is actively seeking a replacement, is still keenly able to adapt to changing macro conditions. Which is why his warning about future rounds of QE, which he sees as a certainty, should be heeded. Especially since it conforms 100% with the warnings of Zero Hedge – Dalio believes that future inevitable money printing will “lead to a collapse in currencies and bond markets.” Dalio is even kind enough to give a time frame. “I think late 2012 or early 2013 is going to be another very difficult period.” He is, to say the least, quite diplomatic.

From the full interview:

Dalio believes that some heavily indebted countries, including the United States, will eventually opt for printing money as a way to deal with their debts, which will lead to a collapse in their currency and in their bond markets. “There hasn’t been a case in history where they haven’t eventually printed money and devalued their currency,” he said. Other developed countries, particularly those tied to the euro and thus to the European Central Bank, don’t have the option of printing money and are destined to undergo “classic depressions,” Dalio said. The recent deal to avoid an immediate debt default by Greece didn’t alter his pessimistic view. “People concentrate on the particular thing of the moment, and they forget the larger underlying forces,” he said. “That’s what got us into the debt crisis. It’s just today, today.”
Dalio’s assessment sounded alarmingly plausible. But when one plays the global financial markets a thorough economic analysis is only the first stage of the game. At least as important is getting the timing right. I asked Dalio when all this would start to come together. “I think late 2012 or early 2013 is going to be another very difficult period,” he said.

Translation: enjoy your -0.002% Bills and paying uncle Sam to hold your money while you can.

Goldman Sachs Bet Against Entire European Nations – Who Were Clients – the Same Way It Bet Against Its Subprime Mortgage Clients

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Doing God’s work!

– Matt Taibbi: The People vs. Goldman Sachs (Rolling Stone)

– Goldman Bet Against Entire European Nations – Who Were Clients – the Same Way It Bet Against Its Subprime Mortgage Clients (Washington’s Blog, July 16, 2011):

It is well-documented that big banks like Goldman Sachs made money by betting against investments which they themselves bundled and sold to their own clients, such as packages of subprime mortgage-related products such as collateralized debt obligations.

This practice not only was illegal and unethical, but actually worsened the subprime crisis. See this, this, this, this and this.

But did you know that the big banks did the same thing with entire European nations?

Read moreGoldman Sachs Bet Against Entire European Nations – Who Were Clients – the Same Way It Bet Against Its Subprime Mortgage Clients

Italy And The Euro On The Edge: By Engulfing Italy, The Euro Crisis Has Entered A Perilous New Phase – With The Single Currency Itself Now At Risk

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– Italy And The Euro On The Edge: By Engulfing Italy, The Euro Crisis Has Entered A Perilous New Phase – With The Single Currency Itself Now At Risk (The Economist, July 14, 2011):

FOR more than a year the euro zone’s debt drama has lurched from one nail-biting scene to another. First Greece took centre stage; then Ireland; then Portugal; then Greece again. Each time European policymakers reacted similarly: with denial and dithering, followed at the eleventh hour with a half-baked rescue plan to buy time.

This week the shortcomings of this muddling-through were laid bare (see article). Financial markets turned on Italy, the euro zone’s third-biggest economy, with alarming speed. Yields on ten-year Italian bonds jumped by almost a percentage point in two trading days: on July 12th they breached 6%, their highest since the euro was created. The Milan stockmarket slumped to its lowest in two years. Though bond yields subsequently fell back, the debt crisis has clearly entered a new phase. No longer confined to the small peripheral economies of Greece, Ireland and Portugal, it has hurdled over Spain, supposedly next in line, and reached one of the euro zone’s giants. All its members, but especially Germany, face a stark choice.

Consider the stakes. Italy has the biggest sovereign-debt market in Europe and the third-biggest in the world. It has €1.9 trillion ($2.6 trillion) of sovereign debt outstanding, 120% of its GDP, three times as much as Greece, Ireland and Portugal combined—and far more than the €250 billion or so left in the European Financial Stability Facility (EFSF), the currency club’s rescue kitty. Default would have calamitous consequences for the euro and the world economy. Even if the more likely immediate prospect is sustained stress in the Italian bond market, that will surely prompt investors to flee European assets, making the continent’s recovery ever harder. Meanwhile in the background there is the absurd pantomime of Barack Obama and congressional Republicans feuding over how to raise the federal government’s debt ceiling to stave off an American “default” (see article). That may have distracted American investors briefly; once they realise how much is at stake in Italy, it will not help.

From Rome to Brussels, Frankfurt and Berlin

Read moreItaly And The Euro On The Edge: By Engulfing Italy, The Euro Crisis Has Entered A Perilous New Phase – With The Single Currency Itself Now At Risk

The Worlds Largest Human Experiment: GMO’s In Europe – Why Europeans (And Everyone Else) Should Be Worried (Part 2)

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– The world’s largest human experiment part two: why Europeans (and everyone else) should be worried (Activist Post, July 11, 2011):

In part one of what will become a long-running series, I briefly outlined two recent papers published in the renowned peer-reviewed journal, Chemical Research in Toxicology, which revealed the horrifying effects of Monsanto’s best-selling glyphosate-based Roundup herbicide.

These two independent and highly rigorous studies found that Roundup caused critical cell damage including necrosis, a horrendous process in which cells break down and release their contents into the surrounding area, creating widespread, unmitigated cell death. The Monsanto formulation was found to be much more devastating to human cells than the glyphosate herbicide alone.

The studies that comprised the bulk of part one of this series were published in an American journal, yet the people of the United States seem, on the whole, ignorant of the dangers of Roundup and the specifically modified Roundup Ready genetically modified seeds made to be able to absorb the toxin and live.

Read moreThe Worlds Largest Human Experiment: GMO’s In Europe – Why Europeans (And Everyone Else) Should Be Worried (Part 2)

Greece Bilderberg PM George Papandreou Says Second Bailout Needed Urgently (To Give It To His Banksters Friends)

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Flashback:

– Greece Must Sell Up To €300 Billion ($434 Billion) In State Property!!!

– NWO Financial Terrorist Attack On Greece: Max Keiser, Nigel Farage, Gerald Celente On Greek Austerity & Bailout

– The No.1 Trend Forecaster Gerald Celente on Greece: ‘The IMF Is Nothing More Than The International Mafia Federation’ Stealing Big!

– The Papas And The Papas: Greece’s First Family

– Greece: Default Is Inevitable (By Mario Blejer, who was former president of the Central Bank of Argentina, and has held top positions at the International Monetary Fund, the World Bank and the Bank of England.)

– The Big Fat Greek Sell-Off: Foreigners (Like Rothschild) Have Come To Sell The Family Silver

– Accusations Of Treason In The Greek Parliament Against Bilderberg PM Papandreou

– Here Is What Happens After Greece Defaults

– 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.

On Bilderberg:

– Top Swiss Banking Insider Exposes The Bilderberg Group

– Bilderberg 2000 with Papandreou

– Bilderberg 2010 with Minister of Finance George Papaconstantinou

Enough:

– Former Assistant Secretary of the US Treasury Dr. Paul Craig Roberts: Revolution is the Only Answer (For Greece, Ireland etc.)

People of Greece BUY, BUY, BUY physical gold and silver (Maple Leaf, American Eagle, Wiener Philharmoniker 1 oz coins) to PROTECT YOUR ASSETS …

… and to help us to destroy the Illuminati banksters, exposing their gigantic, unprecedented silver short position:

– Silver Market Manipulation Exposed: BIS Changed Silver Data From $203 to $93 Billion in Silver Liabilities: $93 Billion Is Still Absurdly Large At About 6.2 Billion Oz. Of Silver, Or About 8.8 Years Of Worth Of World Annual Mine Production Of Silver

– Accordingly, it sure is a good thing that the world’s biggest derivatives player – J.P. Morgan – has ‘seemingly’ NEVER, EVER made a bet even ’1 % wrong’ with their 80 Trillion derivatives book. The Morgue has a Market Cap of roughly $180 billion. A wrong bet of a mere 1% on their ‘book’ would translate to a loss of $800 billion dollars eviscerating their entire capital base more than four times over. The knock on effect from such an event would trigger multiple tsunamis reverberating through the global financial system. Sounds absurd, but it’s pure math.

Greece PM says second bailout needed urgently

– Greece PM says second bailout needed urgently (Reuters, July 13, 2011):

Greek Prime Minister George Papandreou said the euro zone and International Monetary Fund must quickly approve a second bailout for his country to avoid its economic reform plans collapsing, a German newspaper reported.

“The current mood doesn’t help us to get through this crisis,” Papandreou told the Financial Times Deutschland, in a brief preview of an interview to be published in the paper’s Thursday’s edition.

“This uncertainty scares investors. If we don’t get a decision soon supporting the second Greek programme so that the country can begin its far-reaching reforms, the programme itself could be held up.”

Read moreGreece Bilderberg PM George Papandreou Says Second Bailout Needed Urgently (To Give It To His Banksters Friends)

BATTLE FOR LIBYA: Eye Witness Account From Libya and Gaddafi – NATO And Rebel Atrocities

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In case you find the claims in the video below far fetched:

“The truth is, there is no Islamic army or terrorist group called Al Qaeda. And any informed intelligence officer knows this. But there is a propaganda campaign to make the public believe in the presence of an identified entity representing the ‘devil’ only in order to drive the TV watcher to accept a unified international leadership for a war against terrorism. The country behind this propaganda is the US.”
– Robin Cook, Former British Foreign Secretary

– Al Qaeda Doesn’t Exist or How The US Created Al Qaeda (Documentary)

So there really is no Al-Qaeda, only Al-CIAda!


YouTube Added: 10.07.2011

See also:

Read moreBATTLE FOR LIBYA: Eye Witness Account From Libya and Gaddafi – NATO And Rebel Atrocities

International Lawyer Franklin Lamb In Tripoli – Libyans Ask ‘Why Now?’

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YouTube 10.07.2011

A fresh report from Tripoli on the mood and situation on the ground. Franklin Lamb is a well known International lawyer who provides regular updates from the Arab world.

Recorded July 10 2011.

He can be reached at [email protected]

The US is not playing a limited role:

– US Air Force Global Strike Command Hits 150 Targets In Libya Using Strategic Bombers

– US Forces STILL Flying Hundreds Of Bombing Raids Over Libya As Liar In Chief Obama Says America Is Only Playing A Limited Role

And again, the unconstitutional, illegal war against Libya is not about protecting civilians …

– Dennis Kucinich: The US Must End Its Illegal War In Libya Now – ‘The president even ignored his top legal advisers at the Pentagon and the department of justice who insisted he needed congressional approval before bombing Libya’

– William Engdahl on Libya: ‘The NATO High Command Ought To Be Tried For Crimes Against Humanity For Bombing Civilians’

– NATO Declares Total War On The People Of Libya: Bombs May Hit Any Place At Any Time! – Total Destruction!

– US Admiral Admits NATO Trying To Kill Gaddafi

… it is about money, power and control. Libyans supporting of Gaddafi:

– Rep. Ron Paul on CNN: Libyan War Is ‘About Commercial Business!’ (And Totally Unconstitutional!)

– Illuminati Banksters Raping And Pillaging Libya – Goldman Sachs And Muammar Gaddafi

– Libyan Majority In Support Of Gaddafi: One Million Pro-Gaddafi Demo in Tripoli

– Libya: John Perkins: It’s Not About Oil, It’s About Currency and Loans – Rothschilds Finish Off Gaddafi – ‘The Price of Freedom’, Highest Standard of Living in Africa

Hungary Destroys All GMO Maize Fields (Around 400 Hectares) – GMO Seeds Are Banned In Hungary BUT Controllers Found Pioneer And Monsanto Products

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See also:

– Peru Approves 10 Year BAN on GM Crops

– Hungary destroys all GMO maize fields (All About Feed, 13 July, 2011):

Some 400 hectares of maize found to have been grown with genetically modified seeds have been destroyed throughout Hungary deputy state secretary of the Ministry of Rural Development Lajos Bognar said.
The GMO maize has been ploughed under, said Lajos Bognar, but pollen has not spread from the maize, he added. Unlike several EU members, GMO seeds are banned in Hungary.

Authorities have been checking for GMO crops since the beginning of this year as a new regulation came in force this March which stipulates GMO checks before seeds are introduced to the market.

The checks will continue despite the fact that seed traders are obliged to make sure that their products are GMO free, Bognar said.

Compensation unlikely

Controllers have found Pioneer and Monsanto products among the seeds planted. The free movement of goods within the EU means that authorities will not investigate how the seeds arrived in Hungary but they will check where the goods can be found, Bognar said.

Read moreHungary Destroys All GMO Maize Fields (Around 400 Hectares) – GMO Seeds Are Banned In Hungary BUT Controllers Found Pioneer And Monsanto Products

Gold Price Hits New Record High Of $1,587 Per Ounce, Silver Gains More Than 5% To $38.30 Per Ounce

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– Gold Rises to a Record as Debt, Growth Concerns Spur Demand as Alternative (Bloomberg, July 13, 2011)

– Gold price hits record high (Guardian, July 13, 2011):

Fears over inflation and European debt drive price of gold to $1,587 an ounce

The gold price reached record highs on Wednesday as investors scrambled for safe havens in the face of Europe’s escalating debt crisis.

Fears of higher inflation also helped to push up the precious metal by 1.2%. It hit its highest point of $1,587.46 per ounce after Ben Bernanke, chairman of the US Federal Reserve, hinted at further efforts to stimulate the American economy.

The gold price has now posted its eighth consecutive daily rise, gaining $100 per ounce since the start of July. Other precious metals also rallied, with silver gaining more than 5% to $38.30 per ounce.

Read moreGold Price Hits New Record High Of $1,587 Per Ounce, Silver Gains More Than 5% To $38.30 Per Ounce

Moody’s Cuts Ireland to Junk, Retains Negative Outlook; Why Ireland Should Be Thankful!

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– Moody’s Cuts Ireland to Junk, Retains Negative Outlook; Ireland Should Be Thankful (Global Economic Analysis, July 13, 2011):

Moody’s just effectively spit in the face of EU commissioner Michel Barnier who wants to prohibit rating debt of countries in rescue programs.

Read moreMoody’s Cuts Ireland to Junk, Retains Negative Outlook; Why Ireland Should Be Thankful!

Moody’s Downgrades Ireland’s Credit Rating From Baa3 To Junk

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– Moody’s Downgrades Ireland From Baa3 To Junk (ZeroHedge, July 12, 2011):

Who would have thought a few years ago that Moody’s would be one of the biggest supporters of the gold bulls…

Moody’s Investors Service has today downgraded Ireland’s foreign- and local-currency government bond ratings by one notch to Ba1 from Baa3. The outlook on the ratings remains negative.

Read moreMoody’s Downgrades Ireland’s Credit Rating From Baa3 To Junk

Emergency Summit: European Leaders Consider Greek Default

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‘BTFD!’ (Buy the f****ing dip!)

I am talking about gold and silver.

Protect yourself.

Without protection:

– Belarus Devalues Its Currency By 56% Overnight, Against Every Currency Out There:

Luckily for those who held their “money” in the form of gold and silver, they just got an instantaneous 56% value preservation and a relative boost in their purchasing power with just one central bank announcement.

Spain is too big to bail out! (Unless they turn on the unconstitutional ECB printing press again.) This would be THE END, which is why the European leaders are panicking.

– Europe considers Greek default, leaders to meet (Reuters, July 12, 2011):

BRUSSELS (Reuters) – European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens’ debts and to stop contagion spreading to Italy and Spain.

“There will be an extra summit this Friday,” a senior euro zone diplomat told Reuters, suggesting policymakers have been seized with a new sense of urgency after markets started targeting Italian assets.

Worsening political tensions between Prime Minister Silvio Berlusconi and his Finance Minister Giulio Tremonti have caused markets to focus on Italy’s shaky banks and chances its budget deal could stumble, and to look afresh at Spain, the euro zone’s fourth largest economy.

Willem Buiter, chief economist at Citi and a former UK central banker, said there now was a clear danger of the debt crisis spreading beyond Greece, Ireland and Portugal, the three nations bailed out so far.

Read moreEmergency Summit: European Leaders Consider Greek Default

BASF Considers Genetically Modified Crop Exit in Germany And Possible Move To The US

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– German Franken Potato Co. Wants To Set Up Shop Here (Health Freedom Alliance, July 7, 2011):

The largest chemical maker, BASF SE, might remove their GM crop research firm of 700 people from Germany due to heated, growing political opposition. Where can they go and be welcomed with open arms? The US, of course. Even Monsanto is paring down in Germany because its “basic framework doesn’t lend itself to further products.”

Germany is not too keen on nuclear reactors any more and the German Green Party likens the instability and risk of nuclear power to that of GMOs. The fear is that when things go wrong, it’s the people who have to deal with damages and costs.

The EU is allowing individual states to ban GMO cultivation which also allows the speedy approval process for the states that favor GMOs. Clive James, founder of nonprofit International Service for the Acquisition of Agri-biotech Applications argues that Germany will suffer economic damage to lose the scientists and firms. That they are not cooperating with “‘an essential element’ to help reach the United Nation’s goals of cutting poverty and hunger.”

~Health Freedoms

– BASF Said to Consider Genetically Modified Crop Exit in Germany (Bloomberg, July 6, 2011):

BASF SE (BAS), the world’s biggest chemical maker, may withdraw genetically modified crop research from Germany in response to growing political opposition, three people familiar with discussions said.

The maker of the Amflora scientific potato is considering the future of its research facility in rural Limburgerhof in southwestern Germany, said the people, who asked not to be identified because the plans aren’t public. A move to the U.S. is possible for the plant biotechnology operations, which employ 700, said one of the people.

Read moreBASF Considers Genetically Modified Crop Exit in Germany And Possible Move To The US

German Exports Increase More Than Forecast

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See also:

– Outrage As Germany ‘Sells’ 200 Battle Tanks To Saudi Arabia

– German Exports Increase More Than Forecast as Nation Weathers Euro Crisis (Bloomberg, July 8, 2011):

German exports increased more than economists forecast in May, adding to signs the sovereign debt crisis isn’t harming Europe’s largest economy.

Exports, adjusted for work days and seasonal changes, increased 4.3 percent from April, when they fell 5.6 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a gain of 1.5 percent, according to the median of 12 estimates in a Bloomberg News survey. Imports rose 3.7 percent from the previous month.

Read moreGerman Exports Increase More Than Forecast

Portuguese Bonds In Meltdown

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– Portuguese Bonds In Melt Down – Euro Gold Rises To €1,056/oz – 3% From Record Nominal High On Contagion Risk (ZeroHedge, July 6, 2011):

The Moody’s downgrade of Portugal has led to a brutal sell off in Portuguese debt in morning trade which has seen Portuguese 10 year bond yields surge from 11.02% to 12.23%. Yields on Portuguese two-year notes soared 212 basis points to over 15.14 percent. There is increasing speculation that another downgrading of Ireland is imminent and Ireland’s 10 year yield has surged to over 12%.

Portugal received a $112 billion loan package only two months ago. It was due to sell 1 billion euros of treasury bills today but     the Portuguese government debt agency IGCP said it sold 848 million euros of bills due in October.

Portugal is a reminder that Greece is just the tip of the iceberg and Portugal, Ireland, Spain, Italy, Belgium, Hungary in Europe and the U.S. itself face similar challenges, of greater and lesser degrees.

Greece Must Sell Up To €300 Billion ($434 Billion) In State Property!!!

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First bankrupted, then raped and pillaged by the elitists:

– NWO Financial Terrorist Attack On Greece: Max Keiser, Nigel Farage, Gerald Celente On Greek Austerity & Bailout

– The No.1 Trend Forecaster Gerald Celente on Greece: ‘The IMF Is Nothing More Than The International Mafia Federation’ Stealing Big!

– Greece needs Herculean reforms to secure bailout (Reuters, July 3, 2011):

Greece is set for an uphill struggle this week launching sell-offs and tax system reforms to meet European Union and IMF conditions for bailing it out.

A warning from Eurogroup chairman Jean-Claude Juncker that Greece will lose sovereignty and jobs to meet those criteria has enraged unions. Any suggestion of foreign intervention in running the country is an incendiary political issue that will make implementing reforms even tougher.

Read moreGreece Must Sell Up To €300 Billion ($434 Billion) In State Property!!!

Theater Of The Absurd: Greece Has Already Missed Its June Budget Target

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– Theater Of The Absurd: Greece Has Already Missed Its June Budget Target (ZeroHedge, July 4, 2011):

The 5th Greek bailout tranche has not been delivered yet, under the very, very strict condition that the country adhere to the terms of its pillaging by European banks, and already Greece, which has proven beyond a reasonable doubt that a country that refuses to do work, and conducts full day strikes on a whim actually does not grow, has just fallen behind a critical monthly Troica benchmark. From Dow Jones: “Greece is at risk of missing a key budget target in June, European Union experts said in a report, a sign of the uphill struggle the country faces as it tries to get its deficit reduction plans back on track. The report, prepared by European Commission budget experts with input from European Central Bank officials and published over the weekend, says that Greece could miss its June target for its primary budget balance, a measure of the government deficit that excludes interest payments on outstanding debt.” And here is why the last thing anyone in Europe cares about is actual Greek growth: “Government revenue faces “significant” shortfalls that have only partially been offset by lower spending and delayed payments, the report says. “As a result, the quarterly performance criterion on the primary balance could be missed already in June.” June. As in before the disbursement of cash contingent on the primary balance being met…

More:

Read moreTheater Of The Absurd: Greece Has Already Missed Its June Budget Target

Eurogroup Approves Fifth Greek Bailout Tranche – COMPLETE STATEMENT AND MATH FAIL

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Related info:

– NWO Financial Terrorist Attack On Greece: Max Keiser, Nigel Farage, Gerald Celente On Greek Austerity & Bailout

– Eurogroup Approves Fifth Greek Bailout Tranche – Complete Statement And Math Fail (ZeroHedge, July 3, 2011):

The very critical, and very insufficient 5th bailout tranche to Greece, has now been approved. From Reuters: “Euro zone finance ministers agreed on Saturday to disburse a further 12 billion euros to Greece and said the details of a second aid package for Athens would be finalised by mid-September. After a conference call, the 17 euro zone ministers agreed that the fifth tranche of the 110-billion-euro bailout agreed with Greece in May 2010 would be paid by July 15, as long as the IMF’s board signs off on the disbursement. The IMF is expected to meet on July 8 to approve it. The payment will allow Greece to avoid the immediate threat of default, but the country still needs a second rescue package, which is also expected to total around 110 billion euros and which will now likely only be finalised in September. Between now and then, finance ministers will work on the “precise modalities and scale” of the private sector’s involvement in the second aid package, which Germany hopes will eventually total around 30 billion euros. Greece said it expected a final decision on a second bailout programme by mid-September to keep the country financed. Eurogroup decided through a teleconference today to work out a new programme on time, before mid-September,” Greek Finance Minister Evangelos Venizelos said shortly after the finance ministers approved the 12 billion euro disbursement.” More importantly, “The 12 billion euro payment will help Athens cover a 5.9 billion euro bond redemption in August, but the government still has a monumental hill to climb if it is to return to debt sustainability, with its debt-to-GDP ratio above 150 percent.”

Read moreEurogroup Approves Fifth Greek Bailout Tranche – COMPLETE STATEMENT AND MATH FAIL

NWO Financial Terrorist Attack On Greece: Max Keiser, Nigel Farage, Gerald Celente On Greek Austerity & Bailout

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See also:

– Former Goldman Sachs Managing Director Appointed European Central Bank President!

– Former Assistant Secretary of the US Treasury Dr. Paul Craig Roberts: Revolution is the Only Answer (For Greece, Ireland etc.)


Added: 02.07.2011

A short video about what’s happening in Greece at the present and what has lead Greece to this state. Speaking in the clips are Max Keiser, Nigel Farage and Gerald Celente. The clips are from Russia Today, Aljazeera and EU parliament. Music by Corner Stone Cues – Requiem For A Tower Mvt II III IV.

Athens Riots: ‘It Was A Real War On People By Cops & Government’

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Added: 01.07.2011

Greece has voted on a second bill in the final step towards implementing the next wave of austerity measures. Its the last hurdle that Athens has to jump to qualify for a new stack of European bailout funds. The plan’s met heavy public resistance with two days of rioting that’s left more than 300 people injured. Activist Kiriakos Tobras in Syntagma square says Greeks simply don’t want to pay for the mistakes of banks and politicians.

Microsoft Admits Patriot Act Can Access EU-Based Cloud Data

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– Microsoft admits Patriot Act can access EU-based cloud data (ZDNet, June 28, 2011):

LONDON — At the Office 365 launch, Gordon Frazer, managing director of Microsoft UK, gave the first admission that cloud data — regardless of where it is in the world — is not protected against the USA PATRIOT Act.

It was honestly music to my ears. After a year of researching the Patriot Act’s breadth and ability to access data held within protected EU boundaries, Microsoft finally and openly admitted it.

Read moreMicrosoft Admits Patriot Act Can Access EU-Based Cloud Data

Eurogroup Chief Jean-Claude Juncker Just Warned That Greek Sovereignty Will Now Be Massively Limited

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I guess the people of Greece will love to hear that.

And the people of Europe are all so very happy to be completely raped by the banksters, the ECB and their governments who all serve the elitists.

Democracy just turned into ‘DEMONcracy’.

– NWO Financial Terrorist Attack On Greece: Max Keiser, Nigel Farage, Gerald Celente On Greek Austerity & Bailout

– Athens Riots: ‘It Was A Real War On People By Cops & Government’

– The No.1 Trend Forecaster Gerald Celente on Greece: ‘The IMF Is Nothing More Than The International Mafia Federation’ Stealing Big!

– European Leaders Admit Preparing For A Greek Default

– ‘This Is Not A Program To Salvage The (Greek) Economy, It’s A Program For Pillage Before Bankruptcy’

– The Truth About Greece – Democracy vs Mythology – The Battle in Syntagma Square

– Former Goldman Sachs Managing Director Appointed European Central Bank President!

Flashback:

– How Greek Policemen Provided ‘Weapons’ (For Undercover Cops) To Provoke Violence At Syntagma Square (Video – 06/15/2011)


Jean-Claude Juncker

– Eurogroup chief Jean-Claude Juncker (Business Insider, July 3, 2011):

Them’s the breaks.

Take money from abroad, lose your freedom.

Eurogroup chief Jean-Claude Juncker just gave an interview to German magazine Focus, in which he said, via Reuters: “The sovereignty of Greece will be massively limited.”

He also likened the coming wave of Greek privatizations to that of East Germany, which had its own independent agency oversee the privatizations.

So obviously Juncker was talking to German readers, who are upset at the bailout, and want to see a high punishment exacted for Greece getting so much taxpayer money.