1953 Miracle – ‘Greece (+20 countries) effectively wrote off a large chunk of Germany’s loans’

730px-The_Shirelles_-_Last_Minute_Miracle

Last Minute Miracle” / Wikimedia Commons

The 1953 agreement, in which Greece and about 20 other countries effectively wrote off a large chunk of Germany’s loans and restructured the rest, is a landmark case that shows how effective debt relief can be. It helped spark what became known as the German economic miracle So it’s perhaps ironic that Germany is now among the countries resisting Greece’s requests to have part of its debts written off.” (1) – emphasis added

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Farage: Once Greece leaves, the European Central Bank is bust!

“I remember being here ten years ago, hearing the launch of the Lisbon Agenda. We were told that with the euro, by 2010 we would have full employment and indeed that Europe would be the competitive and dynamic powerhouse of the world. By any objective criteria the Euro has failed, and in fact there is a looming, impending disaster.”  Nigel Farage

European Parliament, Strasbourg, 13 June 2012
• Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the ‘Europe of Freedom and Democracy’ (EFD) Group in the European Parliament – http://nigelfaragemep.co.uk

Disclaimer: The views expressed in this video are the sole responsibility of the author and do not necessarily reflect those of CanadaNewsLibre. The contents of this video are of sole responsibility of the author(s). CanadaNewsLibre will not be responsible or liable for any inaccurate or incorrect statements. http://canadanewslibre contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.

ↄ⃝ Copyleft CanadaNewsLibre 2012

Greece’s situation: A cover-job to mask the truth on catastrophic derivatives exposure?

Image: FreeDigitalPhotos.net *

The Truth of the matter is that the situation with Greece is being used as the cover-job to mask the truth about the catastrophic derivatives exposure of the world’s biggest banks.  I demonstrated a couple days ago how looking at just Greece in isolation could lead to tens of billions in losses for the biggest banks – primarily JP Morgan – if Greece leaves the EU and reinstates the drachma as its currency. (…) And the Greek situation – just like the Lehman collapse provided a cover-story for the massive mult-trillion dollar bailout of Wall Street’s finest in 2008 – is nothing more than an insidious cover-story to enable the Fed/ECB/BOE to print up and inject several more trillion in paper fiat currency in order to bail  out the big banks listed above out of their catastrophic insolvency, rendered largely by moral hazard-enabled investment failures made worse by the layering of 10’s of trillions in derivatives over the bad investments.

That’s the bottom line and that’s the Truth that you will never hear about from any politician or any mainstream media source.   Dave in Denver

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Billionaire Hugo Salinas Price: Saving Greece using Silver

Hugo Salinas Price’s Plan to save Greece using Silver

CNL Editor’s Note:

Watch  the complete excellent 13 minutes interview in the second half of The Keiser Report (from min 12.40) Max Keiser talks to Hugo Salinas Price who appeals to Alexis Tsipras to propose bringing a silver standard to Greece.
http://maxkeiser.com/2012/05/31/kr295-keiser-report-with-hugo-salinas-price/

Hugo Salinas Price is the founder of Mexico’s Elektra retail chain. Continue reading

Ron Paul: U.S. Economy squeezed as Debt accelerates

Speech against Raising the Debt Ceiling by 1.2 Trillion – Jan 18 2012

Economy squeezed as Debt accelerates

By Ron Paul
http://paul.house.gov/
February 27, 2012

Senator Jeff Sessions, ranking member of the Senate Budget Committee has pointed out that our per capita government debt is already larger than Greece’s.  Per person, our government owes over $49,000 compared to $38,937 per Greek citizen.  Our debt has just reached 101% of our Gross Domestic Product.  Our creditors see this and have quietly slowed down or stopped their lending to us.  As a result, the Federal Reserve has been outright monetizing debt as a way to patch things together and keep the economy on life support a little longer.  There is rapidly shrinking demand for our debt, and confidence in the dollar is falling.  This phenomenon is hidden only by the fact that confidence in all other fiat currencies is falling faster. Continue reading

Greece & Argentina: same Plot – same Cabal behind the scenes

Image: TeVe / Wikimedia *

“Greece today should do what Argentina did a decade ago: better to endure pain and hardship, and sort out the mess made by your politicians in connivance with international bankers on your own, wielding whatever shred of sovereignty you still have than allowing the Banker Vultures sitting in Frankfurt, New York and London decide your future.”
Adrian Salbuchi

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Nigel Farage: Greece is not run through democracy now

Farage: Globalist Troika Driving Greece Towards Violent Revolution

European Parliament, Strasbourg, February 15, 2012

• Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the ‘Europe of Freedom and Democracy’ (EFD) Group in the European Parliament

Transcript:

“Well Commissioner, you picked the right man. Puppet Papademos is in place and as Athens caught fire on Sunday night he rather took my breath away. He said, ‘Violence and destruction have no place in a democratic country.’

What democratic country?

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Suspension of Democracy in Italy and Greece signals Oligarchy’s drive for War

Democracy not Oligarchy / Occupy Montréal / Wiki Commons *

November 15, 2011

LAROUCHEPAC – The removal of democratically elected governments in Italy and Greece and their replacement with “bankers governments” has brought the world closer to the Third World War. The liquidation of parliamentary democracies in Europe’s southern flank signals the will of trans-Atlantic elites not to find a solution to the collapse of the global financial system, but to buy time while preparing for war.

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G20: Argentine President Cristina Fernandez slammed insane austerity measures imposed on Greece

Argentine President:
The Global Financial System is the Problem,
not Countries’ Spending Habits

Cristina Fernández, Presidente de Argentina / Wiki Commons *

LaRouchePac

November 5, 2011

In two separate speeches in Cannes, one to the official G-20 gathering and one to the “B-20” business forum, Argentine President Cristina Fernandez de Kirchner delivered a useful attack on the global financial system’s rampant speculative practices, and slammed the insane austerity measures now being imposed on Greece. She also highlighted the role that rating agencies had played in recent years, in creating the “fiction” that Greece was able to pay its debt, while “punishing” Argentina for not playing by their rules.

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Cheminade: Long Live a Free Greece!

Image: Idea go / FreeDigitalPhotos.net *

“It appears clearly that this phony Europe is constructed against the interest of the people and their mode of free and democratic expression”

“The time has come to end the bailout of megabanks and to separate investment banks from deposit and credit banks in order to deprive the speculators of their ammunition.”

“a public system of productive credit has to be created, a system capable of reorganizing our economies, not in the interest of substance-looting imperial monetarism, but in the interest of the creation of resources for the common good.”  Jacques Cheminade Candidate for President, France 2012

Greece has privately made its wish to leave the EuroZone

Harvey Organ:

One of my good friends writes this email to me and I believe he is correct. I am not sure if Greece will leave first or will Germany but the result is the same. He wishes to share his thoughts with you but remain nameless:

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Follow the Money: Behind Europe’s Debt Crisis Lurks Another Giant Bailout of Wall Street

European Debts and Deficits / Wiki Commons *

“The Street’s total exposure to the euro zone totals about $2.7 trillion.
“Greece isn’t the real problem. Nor is Ireland, Italy, Portugal, or Spain. The real problem is the financial system — centered on Wall Street. And we still haven’t solved it.”

Robert Reich

“And that problem will not be solved in the way that you might think of it, because the people ‘solving it’ are the same ones who created it. Their every effort will be directed toward increasing their power and preserving their situations and advantages, to the exclusion of most other concerns.”
Harvey Organ
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