The Greek Fiasco Trundles On

Has a deal been reached to solve Greece’s debt problem? No.

Has a deal been cobbled together to impose more hardship on the Greek people because the arrogant EU pen pushers and backroom deal makers are unable to admit failure and thus will do anything that will allow them to kick the can down the road a little further before the inevitable default and Greece is forced out of the Euro? Yes, well sort of.

Will the Greek parliament approve the deal? Unlikely.

If the Greek parliament does approve the deal will there be a return to civil unrest in Greek cities? Very likely.

Will the government of Greece fall? It’s a question of when rather than if.

Will the other EU nations approve the deal? The Finns have promised to veto it and Germany’s parliament, The Reichstag is deeply divided on the issue. About half of EU member states have strong misgivings, based on fears that sooner or later Germany will do the same to them.

So what should all this tell us in Britain? That we should ignore the blandishments of those neo-Nazi lefties who would sell out our national sovereignty and be happy to see our great nation absorbed into a Euronazi bureaucratic dictatorship (called The German Empire) because by now anybody with eyes to see and ears to hear should be aware that the EU is an undemocratic attempt by a cabal of unelected bureaucrats to destroy national independence and create a supranational tyranny.

Cameron’s Tories and the Labour leadership contenders with the exception of Liz Kendall, the only one talking any sense and so, predictably, the one trailing in fourth position behind the two spouters of anodyne platitudes and the left wing idiot) are making populist noises about reclaiming sovereignty from Brussels.

The Greek debacle should demonstrate to even the most brain dead political apparatchik there is no way to negotiate with the bureaucratic fascists, it’s like punching a sponge. The only way to escape is to walk away and face the consequences, which is what Britain should do now. Every day’s delay will only make our eventual exit harder.

Let’s put the optimistic drivel of mainstream media into perspective by looking at what is really happening in Greece as this will be the pattern for other nations that do not quit the EU.

Greece’s governmental debt to private investors (bondholders) as of, first, December 2009; and, then, five years later, December 2014, fell by over 80%. In almost all countries, private investors either eliminated or steeply reduced their holdings of Greek government bonds during that 5-year period.

(Overall, it was reduced by 83%; but, in countries such as France, Portugal, Ireland, Austria, and Belgium, it was reduced closer to 100% — all of it.)

In other words: by December 2009, word was out amongst the financial aristocracy that only suckers would want to buy their Greek debt holdings from them. So where do you find enough clueless saps to pay premium prices for worthless shite? There just aren’t that many idiots in the world so the bankers and investors deployed the fail – safe system set up in past centuries that permits or rather compels governments to buy the wealthy elite’s bad bets at face value despite its worthlessness in real terms; for governments to become the suckers with pockets full of taxpayers money when private individuals back off.

Not all Greek debt was sold directly to governments; much of it went instead indirectly, to agencies (bond dealers and brokers) that the industry elite set up as basically transfer-agencies for passing junk from the private sector to governments; in other words, as middlemen, to transfer unpayable debt-obligations to various governments’ taxpayers.

So who actually bought Greek debt you might well ask. Who were these governments and middlemen-agencies? According to Bloomberg, as of January 2015, they were: 62% Euro-member governments (including the European Financial Stability Facility); 10% International Monetary Fund (IMF), and 8% European Central Bank; then, 17% still remained with private investors; and 3% was owned by “other.”

What got bailed-out was private investors, not ‘the Greek people’ or ‘The Greek nation’ as mainstream media have constantly tried to suggest.

A reasonable assumption (and one often used by media commentators) is that a large part of the Greek debt to the Germans was the result of Greek consumption of German goods and services bought with the German provided credit. In that case, the Germans have lost the Greek goods and services that could have potentially been bought with the money that is owed to them.” But this is entirely false: that “consumption” was by the aristocracy, not by the public, anywhere or at any time.

After all, as we have showed, it’s the elite and their agencies that get bailed-out, not the public, not now, not ever. (The same thing is happening now in Ukraine.)

In other words this whole Greek crisis has been about transferring debt from bankers, investors, hedge funds and financial institutions to taxpayers. Because in spite of what the pseudo-anarchists of the occupy movement may tell you, the bankers and their buddies are not stupid and they have leaned that if bureaucracies such as the E U and the United Nations are put between the democratic process and the global financial system so that voters cannot call ‘ enough’, the flow of cash from us poor taxpayers into the pockets of the super rich is endless and unstoppable.

Market Rigging: Another Conspiracy Theory Is Expose As Truth

goldman-sachs
Evidence of market rigging

A few days ago I had a comment from outside the community complaining about my having suggested several times in one article that the Rothschild Banking Dynasty was well served by the latest scaremongering pack of lies about climate catastrophe to come out of the United Nations Inter Governmental Panel on Climate Change (IPCC). I was gobsmacked to learn that there was still somebody who either did not know Goldman Sachs is owned by Rothschilds or did not know that Goldman Sachs was the leading player in efforts to create a trillion dollar carbon trading market. G. S. made many times more money from the putative carbon cap and trade scam than even Al Gore.

But after a promising start back in 2009 the putative carbon cap and trade market stalled and the Rothschilds had to look elsewhere for opportunities to loot the saving and pensions of ordinary punters. And their greedy, beady eyes focused on other cash cattle. And that is where out latest “conspiracy theory” that has proved to be pure, 24 carat truth.

Why then did Goldman re decide to redesign its uber-profitable FX vertical and redo it from scratch? Simples – their ability to rig and manipulate FX markets, which are now under every global regulator’s microscope after the “Cartel” members so foolishly let themselves be caught with their fingers in the till, no longer exists. The last big sting by the Goldman banksters was the gold bubble a couple of years ago when after spiking briefly at around $1900 an ounce, the yellow, shiny stuff crashed back to below $1200. That was done by short selling, a system for getting rich in the markets by selling stuff you don’t have and that probably does not exist at all as I explained in Naked Finance.

Exposure of a conspiracy to rig FX markets, coming so soon after the Libor scandal which exposed the manipulation of interest rates was a gift to make us “conspiracy theorists” (aka truth tellers) feel a little tingle in our lower abdomen.

Goldman’s move out of the naked shorting business in foreign exchange was confirmed when news broke that a dozen large investors have filed law suit against 12 major banks for “allegedly conspiring to rig global foreign-exchange prices.” Actually, “allegedly” is redundant in that sentence, anyone who has not known for years that the foreign exchange markets were rigged is either a Buddhist monk or a heavy drug user.

Wall Street Journal had this to say:

“The class-action lawsuit, filed in U.S. District Court in the Southern District of New York late Monday, was from a group of investors across the U.S. and Caribbean, including city and state pension plans.

“They accused the banks of communicating “with one another, including in chat rooms, via instant messages, and by emails, to carry out their conspiracy,” and for rigging foreign-exchange rates as far back as January 2003, the lawsuit said.

The banks sued are BofA, Barclays, BNP, Citi, Credit Suisse, Deutsche, Goldman, HSBC, JPM, Morgan Stanley, RBS and UBS, or, in other words all the usual suspects. And certainly all the Too Big To Fail banks that know they can rely on our money being stumped up to cover their arses.

In the complaint, the investors accused the banks of controlling foreign-exchange rates via a “small and close-knit group of traders.” They allege it became possible for banks to rig the market because the traders “have strong ties formed by working with one another in prior trading positions” and by in many cases living “in the same neighborhoods in the Essex countryside just northeast of London’s financial district.”

“They belong to the same social clubs, golf together, dine together and sit on many of the same charity boards,” the complaint adds.

And I can tell you they are often linked by having shagged the same women, oh yes, it’s an incesteous little world out there.

But the punchline is not that FX is rigged, as I said everybody who was paying attention knew that, but that as Goldman has shown by shifting its focus, the commodity market is the only one where manipulation, rigging and fraud are not only possible but smiled upon by regulators. Because one of the key commodities in said market is gold. And as everyone knows, alongside getting the stock market indices to all time highs, the other core mandate of central bankers everywhere is to push gold to 0, thus making fiat money the only currency in which goods can be traded and making us all slaves of our debts.

The worst news for champions of scepticism and freethinking is we are rapidly running out of “conspiracy theories” that haven’t been revealed as conspiracy facts yet.

(picture source)

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So You Think Control Of Media Is A Conspiracy Theory

control of media
Picture Source: zengardner.com

Oh yeah, we hear it all, “Just a crazy conspiracy theory”, “There’s nothing going on that the government doesn’t tell the whole truth about”, “Only a paranoid nut job would doubt the information in government propaganda handouts.”

Well how about this story which I found on Zero hedge which is becoming one of my favourite websites for accurate, verifiable news on finance and business. It concerns a factual article posted on the Financial Times website which was quickly removed and never appeared in print. Zero Hedge reproduce the article in full so I was able to verify its content.

from Zero Hedge

Two days ago the FT released a clear, informative and fact-based article, titled simply enough “Gold price rigging fears put investors on alert” in which author Madison Marriage, citing a report by the Fideres consultancy, revealed that global gold prices may have been manipulated on 50 per cent of occasions between January 2010 and December 2013.

To those who have been following the price action of gold in the past four years, gold manipulation is not only not surprising, but accepted and widely appreciated (because like the Chinese those who buy gold would rather do so at artificially low rather than artificially high fiat prices) and at this point, after every other product has been exposed to be blatantly and maliciously manipulated by the banking estate, it is taken for granted that the central banks’ primary fiat alternative, and biggest threat to the monetary status quo, has not …

Read full article at Zero Hedge (scroll down past the screenshot of what is at that Financial Times url now

If you still think there is no powerful group or cartel manipulating the world economy and that the global, totalitarian government called for by Rothschild, Rockefeller, Soros, Bill Gates, Pappy Bush, Barack Obama and Tony Blair amongst other criminals and undesirables is a jolly good idea and in everyone’s best interests, leave a comment and we’ll put your name forward for enrolment in the “Useless Eaters” regiment under the new Nazi progressive regime.]

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