Corporate and personal bankruptcies are surging. Social discontent is on the rise. Tensions between countries within Europe are higher than ever. Not a pretty picture? Hardly. It’s the nastiest economic picture for Europe since the 1930s, when 17 European countries went belly up, sending hundreds of billions of dollars’ worth of francs, marks, lira, guilders, and more flooding into the U.S. That, in turn, sent the U.S. stock markets exploding higher. It sent the dollar and gold simultaneously to the moon as well.
The third Greece’s bailout fixed the problem, the EU is on the mend, but nothing could be further from the truth. – France had a splendid opportunity to turn the Greek crisis into their own advantage, by changing the rules of the game, that now France will never going to win. – So, the French government has missed a major opportunity to render itself sustainable within the single currency, while its construct continues to weaken the entire EU-banking system.
Greeks are the victims of anti-democratic and criminal policies that carry with them the threat of a humanitarian crisis. Says, Zoi Konstantopoulou, in The Daily Beast, Sep 20, 2015
Central banks around the world are involved in the markets. The worldwide debt level is higher than it has ever been. Most countries are on the brink of bankruptcy…
In a true free market economy you have to have people work, use what they need to live on and then save money, and that dictates interest rates and tells businessmen what they should do. Well, that isn’t the way it works any more. The so-called capital comes from the Fed and they create it out of thin air. So everything is a mistake and everything is going to be volatile. You can do this for a while when the country is very wealthy, and a currency is very strong.
But eventually people mistrust the government. They don’t pay interest, they have a huge amount of principal to pay, and corporations are deeply in debt, they borrow a lot of money practically for free and they buy up their stocks. All is a complete mess. It’s artificial. It has nothing to do with freedom, has nothing to do with free markets, and the sooner we realize this, the sooner we’ll nationalize all central banks central, get rid of economic planning and especially look into the serious problems produced by the Federal Reserve System.
Austerity and climbing debt levels are hollowing out Europe’s economic growth. According to Eurostat, Europe’s GDP in the second quarter of 2015 slowed to 0.3%, leaving output 1.2% higher than a year ago. The figure disappointed all 19 economists polled who were expecting 0.4% growth. France’s economy is slumping. GDP growth of 0.2% was expected, but growth came in at 0.0%.
All of this continues to create the worst unemployment seen in modern history. – All of EU nations are in the depths of a nightmare caused by austerity measures. Unemployment in Greece is at 25.6%. Spain: 22.5%. Portugal: 12.4%. Belgium: 8.6%. Italy: 12.7%. – Youth unemployment among – less than 25 years – is still off the charts. In June 2015, 3.181 million young people were unemployed in the EU, an unemployment rate of 22.5% for the whole of the EU!
“Austerity is class war.”
Pointed the former Finance Minister of Greece, Yanis Varoufakis out, what he saw as a contradiction between cutting welfare and social security, while giving tax cuts to the rich, arguing it was a case of government redirecting money from the poor to the rich. – VIDEO.
To overrun Europe and impoverish it even further; the Rothschild Khazarian Mafia financed, and organised this refuge crisis. Consequently the EU last week has quietly split-up and technically doesn’t exist anymore as a united Union, because many EU-countries have implemented their own border controls, and have abandoned the Schengen agreement. Hungarian PM’s insights into European migrant policy:
‘If we cannot solve this, Schengen is over.’
This makes the EU the biggest and most chaotic area ever observed. From the Middle East flooded millions of refugees into Europe, and is threatening to send tens of millions more, which has prompted serious infighting in the internal power structures.
Austria, Hungary, Croatia, and others have closed their borders entirely. The German government has commandeered community centres, sports facilities, parks and the like to accommodate millions of refugees.
Next to Greece, also other European countries such as Spain, Portugal, Italy, France, and Ireland are all experiencing various degrees of austerity diseases. – As millions of refugees paid by Washington and its NATO enablers’ wars, seek refuge in Europe; budgets for social welfare are further depressed, requiring incalculable additional financial necessary outlays for the incoming refugees.
Those illegal immigrants arriving in Europe all claim to be Syrians. One genuine Syrian said 75 per cent of those claiming refugee status were not from Syria at all. Worse, as a result, ISIS claims thousands of their operatives are already embedded in the hoards currently flooding Europe.
This prompted the ‘good guy’ Martin Dempsey, Chairman of the Joint Chiefs of Staff at the Pentagon, to fly to Germany and Turkey to deal with the situation, according to Pentagon sources. He told the Germans to impose border controls and stop the flood of refugees. He also told the Germans, Turks and NATO to align with Russia in Syria against ISIS and their Israeli and Gulf Cooperation Council backers, sources report.
As correctly has been questioned: “If Israel and Saudi Arabia won’t take these refugees, why should anybody else have to?” Of course not, those are the two countries under protection of the RKM; for the time being Saudi Arabia as the protector of the petrodollar, and Israel as the future seat of the cabal’s World Government, better stated World’s Dictatorship. – This all shows clearly that the EU experiment is basically dead and probably spells the end of the European Union as a viable – universal – trading entity. Likewise the Rothschild owned Economist confirms:
Suspending Schengen is just a sticking plaster for Europe’s refugee crisis, which could persist for many years… This beggar-thy-neighbour mind-set is reckless. It will ultimately lead to the breakdown of Schengen, and a European freedom will have been lost. The idea that EU leaders can act in the common interest will have suffered yet another blow… If the euro zone is stagnant, Britain leaves and Europeans can no longer travel freely, citizens might then ask: what exactly is the point of the EU?
It is the same big lie that was used by banks and corporations to exploit many Latin American, Asian and African countries for many decades. In this manner EU countries are not only robbed of their sovereignty, but also all their valuable assets. Greece was made to fail, by the falsifications implemented by Mario Draghi then employed at Goldman Sachs, now the president of the ECB.
In short, the banks wrecked the Greek government, and then deliberately pushed it into unsustainable debt, while revenue-generating public assets were sold off to elite oligarchs and international corporations.
The way it is done is explained in Mafia literature; they take over a good running business. First, they do something to disrupt the business – by staging a failure that generates horrendous financial claims that require compensation, or just start a fire. When the business starts to suffer, the Godfather would generously offer some money as a token of friendship. In return, they take over part of the business, one and put of their insiders in charge of procurement, making eventually the business theirs. The owner becomes eventually embroiled in a spiral of misery and soon will be broken, if lucky, still alive.
In the same manner the big banks control the politics of nations. In 2011, when the Greek prime minister refused to accept a second massive bailout, the banks forced him out of office and immediately replaced him with the Vice President of ECB! No elections needed. Screw democracy. And what would this new guy do? Sign on the dotted line of every peace of paperwork that the bankers bring in.
The Troika, breathing heavily down Tsipras’ neck, and the economic fundamentalists insisting that belt tightening, slashing budgets and imposed taxes were the way to go, got what they wanted: Greek’s capitulation. The stormy narrative of blackmail, giving Greek citizens the impression that a vote against any austerity measure directed by the EU and facilitated by the banking system would be a vote against Europe, had worked.
Tsipras, despite claiming to be a shining hope against the Troika’s financial vultures lost out after his finance minister purposely was ousted. All the hope for a change was crushed and the Greeks continue to suffer under even more austerity as before.
Tsipras has given his country effectively away. This all looks a cruel act of dressing-up, as a temporary suspension of chaos. – The anti-austerity advocates who insisted that a program without actual incentives for economic growth was no program at all, were shunted aside. The finance minister Yanis Varoufakis received effectively his marching orders enabling the Troika to get everything their way.
Europe, like the US, has become an opportunity wasteland for the young. Greece has been sacrificed for the private bankers, and Italy, Spain, and Portugal are waiting in the wings. Instead of independent European nations, a fascist centralized EU authority is rising, with private bankers acting through the EU appointing the governments they’re liking as seen in Greece and Italy.
The headlines out of Europe are hair curling.
- European stocks had their worst quarter in four years!
- German unemployment rate suddenly explodes!
- Portuguese voters abandoning the EU in droves!
Germany, the economic engine in Europe — is being attacked from every side:
- China’s slowdown is taking massive chunks of capital out of the German economy.
- The scandal at Volkswagen is threatening one of its largest employers and exporters.
- A legion of Middle Eastern migrants, demanding to be fed, housed and cared for, is draining the nation’s coffers.
- And plunging energy prices have the country wrestling with powerful deflationary forces.
The worst kind of news imaginable for EU leaders: Slowing economies and stock markets add up to plunging tax revenues for EU governments. Plunging tax revenues are the worst news possible when they need all the money they can lay their hands on to service massive debts.
Europe’s great debt crisis is beginning unfold. When the dust settles, the EU will no longer exist. Many EU nations will have defaulted on their patently un-payable national debts. European stock markets will be smoldering ruins. While the Euro itself will be little more than a soon-to-be-forgotten relic.
The end of the Euro, of course, would once again bring into question the viability of the US dollar and the Federal Reserve Board resp. Central Banks.
In an interview with Swiss newspaper Finanz und Wirtschaft last week, newsletter publisher Jim Grant:
This is a monetary moment. I think we are looking at the beginning of the world’s reappraisal of the words and deeds of central bankers like Janet Yellen and Mario Draghi. What we’re waiting for is a sufficient recognition of the monetary disorder.
You see monetary disorder manifested in super-low interest rates, in the mispricing of credit broadly, and you see it in the escalation of radical monetary nostrums that are floating out of the various central banks and established temples of thought: Negative real rates, negative nominal rates, and the idea of helicopter money.
So you need some hedge against the loss of purchasing power that makes gold and gold-mining equities terrifically interesting now.
What the world is about to experience, is the end of a hundred years of false prosperity based on insincere money, which has benefitted a small elite but inflicted debt serfdom on the average person. This is a burden so heavy that the world will suffer for several generations to come.
All the manipulation has created massive bubbles everywhere and given a false impression that the world is built on a foundation of solid prosperity. But the true shock and fear in the world are about to emerge.
The First way continues under the regime of the same old criminals trying to stay in power in relentless pursuits to control and engineering society that can only spell destruction in all of people’s future: destruction of our liberties, destruction of our prosperity and destruction of our moral scope. For too long the controllers have lied, cheated and stolen their way for their own benefit by keeping the populace in debt enslavement through the central- and big banks that have decayed everything, all in accordance to Agenda 21. – More about in the next essay.
Picture yourself still alive, after the new world order is operational from 2030 onwards. By then for sure it’s too late. Humanity has become enslaved forever. Envisage a large percentage of humanity is dead and gone. Billions have died to various diseases all linked to toxins and engineered diseases, amongst others injected through vaccines, and sprayed from the sky by so called chemtrails, and onwards realize all this easily could have been avoided. The human species, you recognise, became victim of the corruption, greed, lies, deceptions, subsequent government policies, and mind-control, all on purpose caused by the Illuminati. – Humanity has become so locked in to their programmed paradigms that by the time enough people begin to think on their own, too many of them have already died in one way or another.
The other way will completely destroy the global fiat monetary system erasing all forms of false debt, false wealth, false power and false governance. It will be truly a Ludwig von Misses’ Global ‘Creative Destruction’ that has never been witnessed in history of mankind. – All types of paper and electronic debt, and wealth will evaporate in the blink of an eye, completely levelling the playing field in order to rebuild the monetary structures from the ground up. It is an action to be discovered the hard way but it is a necessary action in order to create a new future for all the people of the planet. A future with tremendous wealth for everyone on Earth, built on hard work and desire, complete honesty, and friendship.
All that’s left is a Reset
The Fed Can’t Fix It: “All That’s Left is a Reset, Shutdown of the System.”
Gold expert Bill Holter says, “All that’s left is a reset,” and the Fed is now helpless to stop the coming global financial calamity. This is not going to just be a financial problem, but a problem getting things like food you need to live on. Holter says,
“These big stores get stocked up every single night. The average store only has food for about two or three days. So, this is not going to just be an issue about you paying your bills. It’s going to break down so badly it is going to be an issue about whether or not you can get food.”
On gold and silver, is this the bottom? Holter says,
“To answer your question, yes, I think this is the bottom. Can they push the price down again? It’s possible, but like you say back in 2009, silver on the COMEX was trading just under $9, and to buy retail metal, you could not get anything under $15. The physical market has hit a hard bottom.”