All of this is 100% true but I would not give a break to the EU they knew what the deal was and the bankers did as well — there are no innocents in this and all must pay the price.
I am just going to assume that you are aware of the financial mess Greece has created for itself. This is no one’s fault but Greece — all of Greece. This means the politicians and the people. This is not the fault of the bankers. The bankers have finally come to the point where they realized that Greece was not going to pay them back so they stopped lending. However, Greece has not stopped spending. That is what the ‘crisis’ is all about: the people of Greece refuse to live on what they make, they are demanding to get what the politicians who bribed them for their votes promised. The problem is, those promises (bribes) were made by placing a claim on other people’s’ money — a claim the Greek politicians had no authority to make. So now, when the bills are due and there is no money to pay…
German Chancellor Angela Merkel and her French counterpart Francois Hollande have called on Greece to make “serious” proposals. There is no such thing as debt forgiveness, as the German’s received in 1953. Merkel sold the euro under the pretense that there would be no bailout for southern Europe; any money lent must be repaid. So it does not matter that the underlying structure cannot support that expectation. Her personal career now depends upon that event, no matter how unreasonable.
Greek PM Alexis Tsipras is due to address a summit of Eurozone leaders on Tuesday. However, he is ignoring his own mandate:end austerity. He continues to try to negotiate with the EU when it is clear that the same line of thinking that created the crisis will not provide a solution. This entire Euro Crisis will spread between now and October; things are going to get worse before they get better. So do not expect the euro or the markets to understand this instantly. They do not yet comprehend the depth of this crisis.
Much to the surprise of the EU and the rest of the world, apparently, the Greek rejection of the EU’s current refinancing terms was a shock. As the post is being writing the No’s are over 60% which all but assures the no vote when all the ballots are counted. This level of dissatisfaction was not expected and leaves Brussels with major problems. As I see it there are only six options.
Number one is the EU central bank (the ECB) acquires all the Greek debt in the private sector at a discount level that leaves them all solvent. This would delay the real issues but still precipitate a market collapse on Monday unless they don’t open the exchanges.
Number two is the American Central bank (the FED) acquires all the Greek debt in the private sector at a discount level that leaves them all solvent. This would delay the real issues but avoid a market collapse on Monday and we’d see a drop but probably not a major one.
Number three Greek government could nullify the election and either argue for better terms or agree to the existing terms of the EU. This would delay the real issues but avoid a market collapse on Monday and we’d see a drop but probably not a major one.
Number four the EU could seize all the assets of Greece and take Greece over as a defaulted creditor. Greece would be given the option to capitulate or the EU would occupy Greece.This would delay the real issues but still precipitate a market collapse on Monday unless they don’t open the exchanges
Number five the EU could consider this a rebellion and send in a military contingent to throw out the government and install an occupation government. This would also trigger a market collapse unless the exchanges are closed Monday.
Number six another country could buy the Greek debt held by the EU. This could be Russia China India or the US. This might also mean the need for an occupying force but might not. The market would go down but not as far as either of the other options.
As can be seen for these options there are no good ones for the EU or Greece.— we will know in a few hours what will happen.
Our staff there in Athens right now is reporting that it appears the NO vote has the majority. This is a vote that demonstrates Brussels has been dead wrong with austerity for the last 5 years. This is likely to encourage a contagion. Brussels will most likely resist for this is now all about saving their power and self-interest. They have crushed the European economy all for the benefit of the bondholders. There has to be a new way forward for this same line of thinking cannot resolve the Euro Crisis.
It is not final as of yet. But this is the reading from our people on the ground in Athens. This is not the official poll which still says it is very close.
Since these “rapes” are primarily committed by young Muslim men we must look at the definition of rape and if we consider that difference then these “rapes” are not really rapes and must be removed from the statistics as they gave an unfair few of young Muslim men.
In Islam women hold an inferior position and are owned property by the men and Kafir women are nothing but slaves. So in either case but particularly with Kafir women who are owned by the Muslims the Muslim men are only taking what belongs to them and si it is not rape.
I would add the Iran and China understand that western governments and press are seriously mentally defective, and will believe anything they are told.
China promises to keep increasing their CO2 emissions for the next 15 years, while calling the massive increase a “carbon intensity reduction”
Beijing: China, the world’s biggest emitter of greenhouse gases, has submitted a new carbon intensity reduction target to the United Nations while reaffirming its goal to curb carbon emissions by 2030, or “even earlier”.
Premier Li Keqiang made the announcement while during a visit to Paris, where the global climate conference will take place at the end of the year.
“China’s carbon dioxide emissions will peak by around 2030 and China will work hard to achieve the target at an even earlier date,” Mr Li said in a statement after meeting with French President Francois Hollande.
It is utterly amazing that so many supposedly smart analysts and highly paid wealth managers cannot see the obvious path on which the US Dollar treads, limps, and struts proudly, dangerously, and abusively, suspended by numerous false cables and tethers.
The US Dollar cannot be sustained in its current form or on its present course. The abuse of its management and stewardship will be told in history books (possibly with certain chapters scribed by the Jackass).
The aggressive defense of the US Dollar includes criminal activity on a widespread scale never witnessed before.
It is a veritable global money war, not so much a global financial crisis. The system, centered upon the US Dollar, is collapsing under its own insolvency and corrupt underpinnings amidst the din of war.
The truth is almost nowhere to be seen.
The US Govt. is demanding that allies support the global currency reserve, even though doing so guarantees a financial structure collapse and an economic breakdown. The safe haven is Gold & Silver, in the form of bars & coins, kept secure outside all nations that speak English, and outside nations that are closely allied with the US Fed and US Dept. Treasury which operate like a vast crime syndicate.
The current system is destined to failure. Time is running out. The only assets to thrive in the coming climax will be precious metals, property containing commodity resources, and certain commercial property, surely farmlands, maybe some collectibles. The year 2015 will not end with any basic resemblance to the beginning of 2015.
“the 90’s is gonna make the 60’s look like the 50’s”~ Dennis Hopper
The interior structures are fracturing, seizing, cracking, rupturing, and convulsing. The banking masters are having an increasingly difficult time to conceal the damage, corrosion, ruin, and breakdown. Meanwhile the Chinese are wresting control of the Gold market. They will liberate when they feel like it and not a moment before.
That will happen when they are unable to garner more gold with the heavy discount that Wall Street must provide in order to keep the system appear to run smoothly.
That will happen when grow tired of tolerating the insufferable arrogance of the West, and its corruption with enormous abuse.
That will happen with the fading of the Empire of Lies, their Kingdom of Chaos, and the Endless Wars.
The system under the USD canopy cannot continue too many more months. It is an absolute miracle that the King Dollar has survived to 2015 since the extreme events required to secure its perch.
To the Jackass, QE, and War, guarantee the US Dollar imminent death.
But the death warrant factors have grown, while the dynamics of the pathogenesis have amplified. A grand isolation will result, like a quarantine, followed by liquidation, identification of the grand rogue nations, clarification of the terrorism source, finally marked by removal of the US Dollar as global reserve.
In its place will come the Chinese RMB [Renminbi] currency as caretaker reserve currency, followed in time by the return to the Gold Standard.
Several nations will issue sovereign debt in RMB terms, much like the many Western corporations. Extensive trade settlement in the RMB will be seen, alongside Gold Trade Notes used as letters of credit in trade. The Gold Standard will arrive on the trade corridors, followed by the banking reserve management, and finally in the currency arena.
The USDollar has been served notice of its removal, replacement, and demise.
PRELIMINARY DEATH NOTICES
The events of late 2001 with the inside job and staged planned 9/11 attacks opened the gates for a US Fascist State. The Patriot Act solidified the Gestapo Manifesto on usurped power. The Fascist Business Model unfolded, complete with permitted corruption, the Too Big To Fail Banks, the legislation written by big banks, the massive bond fraud, the narcotics money laundering dependence, followed by the rancid bitter fruit from the model.
The US Economy and US financial system would never recover from the bank heist at the World Trade Center. Most Americans were not even aware that WTCenter housed the largest private bank in the world. The US Dollar was given a delayed death sentence.
The events of late 2008 with the killjob execution of Lehman Brothers revealed both the US banking system insolvency and the motive to kill a fellow Wall Street bank in order to preserve Goldman Sachs.
The venerable crime syndicate HQ in GoldSax managed to receive 100 cents per dollar insured, after cutting off Lehman with collusion by JPMorgan. If truth be known, GSax was even more vulnerable to mortgage bond losses than Lehman. The Wall Street banks were seen as insolvent crime centers. The US Dollar was given a delayed death sentence.
The Events of 2012 with the permanent installation of Quantitative Easing (QE) was made in order to cover the nearly infinite US Govt. debt, which foreign investors were no longer showing in purchase demand. The US Fed put QE in place to create a backdoor bailout for Wall Street banks, which held inordinate volume of the toxic paper in UST Bond and US Agency Mortgage securities. Their counterfeit had been rampant.
The QE enabled coverage of hidden derivative losses. The QE enabled coverage of foreign dumping of massive amounts of US Treasury Bonds. The permanent QE assures the US Dollar will be torn apart at its foundations, and laid bare to be seen as a Third world currency. The US Treasury Bond was given a near-term death sentence.
The events of 2014 with the Ukraine War was the most starkly ugly demonstration of war to defend the US Dollar. Not one in ten Americans regards the war as defensive but as a desperate ‘defensive measure’ to defend an increasingly rejected US Dollar on a global scale.
Russia no longer wishes to use the US Dollar, just like Iran.
The Kremlin booted out the Rothschild bankers two years ago. [It began in 2006]
The war sanctions against Russia assure the ruin of the European Economy.
The nations of the EU will splinter off, first at the periphery like in Greece, later at the core like in Germany.
PIGS nations (Portugal, Italy, Greece, Spain) have huge relative debt
PIGS nations have absurdly low bond yields, despite broken finances
Widely applied Austerity Budget Programs have exacerbated the wreckage
All long-term PIGS sovereign debt should be over 10% bond yield
Euro Central Bank has abused the sovereign debt market with its own QE
The Euro CB has become the sovereign bond market, with Bundesbank aid
As long as European PIGS debt is a rigged market, the US Dollar will die
LOST ALLIES & EXTREME ISOLATION
US Govt. and US Fed and US Military together force allies into strict obedience
Europe has morphed into a NATO war zone, not for security
To be US ally means the nation must commit economic and financial suicide
Foreign nations feel like subjects and vassals within King Dollar imperial court
European national leaders are subjugated under NATO Supreme Commander
The US Sphere resembles a crime syndicate led by tyrants in imperial manner
As long as the US attempts to run a global dictatorship, the US Dollar will die
He said to them in reply, “In the evening you say, ‘Tomorrow will be fair, for the sky is red’ and, in the morning, ‘Today will be stormy, for the sky is red and threatening.’ You know how to judge the appearance of the sky, but you cannot judge the signs of the times.
BRICS Bank to commence business on 7 July
June 20, 2015, 7:10 am
The BRICS New Development Bank will be launched at the first session of its Board of Governors in Moscow on 7 July, Russian officials have confirmed.
Russian Deputy Finance Minister Sergei Storchak announced at the St Petersburg International Economic Forum on Friday that the BRICS Bank will be ready for action after the maiden meet of the governors.
The New Development Bank will provide a financing alternative to the World Bank, where the five large emerging markets have sought more clout.
BRICS leaders also announced the establishment of the BRICS Contingent Reserve Arrangement, a 100-billion-dollar fund from which the BRICS member countries will be allowed to draw funds when going through a crisis.
The bank is set to be headquartered in Shanghai. India has already announced the first president of the Bank.
Russian Finance Minister Anton Siluanov will be the first chairman of the BRICS Bank’s Board of Governors.
The leaders of five of the world’s largest emerging markets will showcase a new currency reserve fund and development bank during the BRICS Summit in the Russian city of Ufa in July.
Brazil’s envoy to the IMF and newly announced BRICS Bank Vice President , Paulo Nogueirga Batista, said at the BRICS Business forum on Thursday in Russia that the BRICS are “not fully satisfied with the international financial architecture, not fully satisfied with the role that our countries are allowed to have at the IMF and the World Bank”.
“Our countries are very active in IMF….We work together at the IMF… Despite this active involvement in the Washington institutions, our countries have begun to realize that we need to do our own thing,” said Batista.
The group’s growth rate is still above that of the global average and its economic and political weight is increasing, evident from the decision of several European countries to join the China-led Asian Infrastructure Investment Bank.
As the BRICS countries prepare to launch new financial institutions like the $100 billion BRICS Bank, the China-led Asia Infrastructure Investment Bank, and a $100 billion BRICS currency reserve fund, the IMF has once again delayed voting reforms to give emerging countries greater say.
In doesn’t matter if we want to be at war! If you are being attacked you can’t wish it away. The Muslims have been at war with us for almost 1400 years and that war has never stopped. ISIS is just the latest version of what they want witch is a one world order where everyone is a Muslim
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
![The BRICS - Brazil, Russia, India, China and South Africa - agreed to set up the $100 billion development bank last July, in a step toward reshaping the Western-dominated international financial system [Xinhua]](https://i0.wp.com/thebricspost.com/wp-content/uploads/2015/06/001ec949c22b143856600b.jpg)
Centinel2012 