“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
“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
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ↄ⃝ Copyleft CanadaNewsLibre 2012
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
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.
Speech against Raising the Debt Ceiling by 1.2 Trillion – Jan 18 2012CongressmanRonPaul
Economy squeezed as Debt accelerates
By Ron Paul
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 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.”
“The Houses of Morgan, Goldman and the other Big Five are justifiably worried right now, because an “event of default” declared on European sovereign debt could jeopardize their $32 trillion derivatives scheme.”
Farage: Globalist Troika Driving Greece Towards Violent Revolution europarl
• 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
“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?
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.
The Global Financial System is the Problem,
not Countries’ Spending Habits
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.
“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
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:
“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.”
“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 Continue reading