Posts Tagged ‘Bailout’

I.M.F., E.C.B. and E.U. Officials To Be Arrested by Greek Police for Undermining Democracy and Looting Greece

Monday, February 13th, 2012

GREEK POLICE THREATEN TO ARREST TROIKA AS BUDGET ROW ESCALATES

by Jane Burgermeister

*GREEK POLICE SAY THEY WILL ARREST TROIKA FOR JEOPARDISING SURVIVAL OF GREEK PEOPLE AND UNDERMINING DEMOCRACY

*WILDCAT STRIKES AND SIT INS IN PROTEST AT NEW AUSTERITY MEASURES

*EU TRIES TO COMPEL ALL POLITICAL PARTIES TO SIGN UP BEFORE ELECTIONS: END OF DEMOCRACY

greek police
The Greek police force is seeking an arrest warrant for the “Troika” officials belonging to the European Commission, the European Central Bank and the International Monetary Fund.

The Greek police federation sent a letter to ECB, the IMF and the EC, warning them that the arrest of the Troika could be imminent in a letter, which was also published in the Greek press.

http://www.reuters.com/article/2012/02/10/us-greece-police-idUSTRE8190UC20120210

http://www.welt.de/politik/article13861468/Griechen-Polizei-droht-EU-Gesandten-mit-Verhaftung.html

The police accuse the Troika of undermining democracy, jeopardizing the survival of the Greek people and looting the country.

No doubt there is one honest judge left who will be ready to sign the arrest warrant if the police really need one. After all, police just nab burglars and put them in jail even without a warrant.

This blogger has argued all along that the Greek penal euro bailout is a gigantic crime scene and those individual who are responsible should be held to account.

The Troika are key figures in the EU bankster bailout scam, but the investigation needs to be widened. European Arrest Warrants should be issued for the German Chancellor Angela Merkel, the French President Nicolas Sarkozy as well as the German Finance Minister Wolfgang Schäuble, among others.

Firstly, Merkel played a crucial role in burying the recommendation by German economists for an orderly insolvency mechanism to be introduced in 2010, leaving Greece facing the prospect of a chaotic default inside the eurozone if it does not agree to paying penal interest rates to foreign creditors on a staggering and growing national debt.

Secondly, Merkel bullied Greek Prime Minister Andreas Papandreous into dropping a referendum on the euro bailout scam according to Bild newspaper, which celebrated her as “Merkules”.

“The open threats worked,” writes Bild, brazenly admitting the thuggery of Merkel. How long are people in Europe going to tolerate this mafia in power?

http://www.bild.de/politik/ausland/griechenland-krise/griechen-kuschen-vor-merkel-20811288.bild.html

German citizens, who are also victims of the same bankster bailout scam – plans are afoot to raise the pension age to 75 or 80 -, should do their civic duty and support the arrest of this clique before Germans suffer the same fate and austerity cuts as the euro Ponzi scheme runs its course.

The Greek police threat to arrest the Troika comes as people are rising up against a new wave of austerity cuts.

More legal action should be launched by Greece to sue the EU, IMF and ECB for compensation.

In 2010 already this blog explained that the austerity measures being implemented by the Troika would lead to a death debt spiral. Greece is sinking deeper and deeper in debt precisely because it is doing what the Troika says. The mainstream media turn cause and effect on their head and claim Greece is in trouble because it is NOT carrying out austerity measures.

Greece is in a death spiral, Ambrose Evans-Pritchard wrote in the Telegraph yesterday.

“Another normal day at the Hellenic Statistical Authority.

We learn that:

Greece’s manufacturing output contracted by 15.5pc in December from a year earlier.

Industrial output fell 11.3pc, compared to minus 7.8pc in November.

Unemployment jumped to 20.9pc in November, up from 18.2pc a month earlier.

I have little further to add. This is what a death spiral looks like,” he writes.

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100014720/greek-death-spiral-accelerates/

“It is what can happen if you join a fixed exchange system, then take out very large debts in what amounts to a foreign currency, and then have simultaneous monetary and fiscal contraction imposed upon you,” he writes.

This is what happens

1) if you join a fixed exchange system at a rate which makes your domestic industry uncompetitive

2) then are allowed to run up a huge current account deficit in stealth by courtesy of the ECB and Bundesbank using the Target 2 payments system,

3) then have statisticians in the EU and Greek exaggerate your national debt to declare a national souvereign debt crisis,

4) and then have a brutal corset of interest payments to the banksters imposed on you, and also simultaneous monetary and fiscal contraction.

108 Pasok MPs have now called for an investigation into the statistics fraud.

http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_15_09/02/2012_427044

What this looting means for ordinary people in Greece is explained by Daniel Neun.

http://www.radio-utopie.de/2012/02/09/der-weltfinanzkrieg-iii-griechenland-im-wurgegriff-der-menschenschinder-geostrategische-hintergrunde/

500,000 people in Greece, in the meantime, have no more funds at all. They can’t claim support from the state and they can’t get a job.

15,000 people are already homeless.

The unemployment rate among people under 25 is 50%.

Children are collapsing in schools due to a lack of nourishment.

250,000 people depend on the church and charity for a daily meal.

The Orthodox church feeds 30,000 people a day.

Half the apartment blocks in the poor districts of Athens were not heated this winter.

Half a million people have gone to eke out a living in the country.

One million people are threatened with having their electricity cut off because they cannot pay the property tax which is being collected by electricity companies.

Every fifth business in Athens has closed down.

And the new round of cuts has not even begun to take effect.

Minimum wages will be cut by 22%.

The wages of state employees to be frozen.

150,000 officials are to be axed by 2012.

Power, infrastructure and real estate is to be sold off to foreign companies for a song under a special trust agency.

The banks are to receive 40 billion euros as recapitalization.

http://www.radio-utopie.de/2012/02/10/griechenland-ticker-tag-1-im-sozialen-aufstand/

To accelerate the looting of Greece, Merkel and Schäuble proposed setting up a “Gauleiter” or budget overseer with control over the entire tax revenues of the country. Another proposal is to set up a special account to service the foreign creditors which the Greek government has no access to.

A German lawmaker has even called for Greece to be given a new name.

Georgios „Jorgo“ Chatzimarkakis said that the country needs to be given a new constitution – perhaps one enshrining Angela Merkel as the new Queen.

http://www.focus.de/politik/ausland/europapolitiker-chatzimarkakis-fdp-mann-fordert-umbenennung-griechenlands_aid_710678.html

Is it any wonder that the country is now on the brink of a revolution with wildcat strikes and the occupation of ministry buildings?

http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_10/02/2012_427106

Only in the studios of ARD Globalist puppet Thomas Gottschalk do the voice of the Greek people not count. Gottschalk portrays the Greeks as children who need supervision of their economy because they can’t manage it themselves by adults like much of the rest of the mainstream German media, including Bild newspaper.

Germans should run the Greek economy because Greeks are too infantile to manage it. Democracy has no more role to pay. That is the patronizing message of Gottschalk crammed into the first week of his new early evening propaganda show.

The Telegraph calls the comments of far-right party leader, George Karatzaferis inflammatory, also strongly suggesting an independent political view has no more place in the new Greek bankster colony.

“The Greek far-right party leader, George Karatzaferis, said he could not vote in favour of the €130bn proposed bailout package proposed for the country.

In inflammatory comments made at a press conference, Mr Karatzaferis also said the IMF mission chief for Greece should be persona non grata in the country.

I explained to the other political leaders that I cannot vote for this loan agreement. If we want things to go forward, Poul Thomsen must be declared persona non grata for Greece.

We are not going to vote. Humiliation was imposed on us. I do not tolerate this. And I do not allow it, no matter how hungry I might be.

Ouch.”

http://www.telegraph.co.uk/finance/debt-crisis-live/9073437/Debt-crisis-live.html

The Greek parliament is expected to vote through the EU package this Sunday as it has voted through all the other austerity cuts so far.

However, even Greek Finance Minister Evangelos Venizelos has been forced to recognise that the country is at a turning point and must make a decision about whether to chose the euro or the Drachma. Especially if the Drachma is introduced as public money printed by the government with no interest attached, a return to the Drachma should prove to be the start of a recovery for Greece, attracting tourists, making its industry competitive again and allowing liquidity to flow through the economy.

http://birdflu666.wordpress.com/2012/02/10/greek-police-threaten-to-arrest-troika-as-budget-row-escalates/

Keiser Report: Troika Tanks & Junta Bots (E187)

A 117-Nation Alliance is Working to Free the World From The Bankster Filth Financial Terrorists

Wednesday, December 14th, 2011

CONFIRMED: The Trillion-Dollar Lawsuit That Could End Financial Tyranny

Written by David Wilcock
Monday, 12 December 2011 12:12

It could be the biggest, most explosive story in modern history. We are just starting to put the pieces together and understand what is going on in the occult financial geopolitical scene, and how a 117-nation alliance is working to free the Earth from financial tyranny.

 On the same day this article came out, Benjamin Fulford was allegedly detained in a hotel against his will by a “CIA-type group”… and his life may be in danger.
This caused him to miss his appearance on a TV show he was scheduled to be on. The videos are at the end. This could be serious. We pray for Ben’s well-being and encourage you to help spread the word. Publicity is protection!
 We just found out that Fulford is alive and OK. He may have been held in the hotel for his own protection, but we do not know yet. More information will follow as soon as we get it and will be updated below.]
IT MAY BE THE BEST THING THAT’S EVER HAPPENED TO US
As I write these words, the average person is coming face-to-face with disturbing, if not dire news.
Not only could the disastrous financial debacle of 2008 be about to repeat itself, it may even be a lot worse this time.
Stick 'en up - This is a bail-out
As of November 28, 2011, media outlets announced that we could be as little as ten days away from a complete collapse of the Euro — and with it, much of the rest of the world’s economies could be pulled down as well.
Yet another grandiose “bailout” maneuver was used to buy some time — but this has done little to address the gnawing unease in the public, particularly as the saber-rattling in the Middle East is again reaching a fever pitch.
This, at least, is the mainstream media’s perspective on what is going on — and thankfully, it is completely baseless.
In classic Orwellian terms — such as “War is Peace, Freedom is Slavery, Ignorance is Strength” — the mainstream media’s “Global Financial Collapse” cry of doom may very well be the best thing that’s ever happened to us.
At least in any known, recorded history.

A VERY MYSTERIOUS, VERY QUIET AND VERY LARGE-SCALE FINANCIAL SCANDAL

You are about to dive into a story that, for quite some time now, has been nothing but a great-sounding idea — a wonderful “what if.” Almost nothing of this story could be found in the mainstream media.

However, the bizarre origin of the story did briefly find its way into FOX’s Glenn Beck show in 2009.

I highly recommend you watch this first, as it will draw you directly into the mystery — which flickered for the briefest moment in mainstream media, only to disappear into shuddering silence:

Notice that Beck says FOX contacted the Treasury Department about this case, and received an official blow-off letter in response — basically saying they had “no comment” on this 134 billion dollars in US bonds, seized at the Italian border, as it was “evidence in an ongoing investigation.”
Beck then goes on to put up the numbers of which countries hold the largest numbers of US bonds. In order, they are China at 763.5 billion, Japan at 685.9 billion, the United Kingdom at 152.8 billion, Russia at 137.0 billion and Brazil at 126.0 billion.
Based on the public, unclassified numbers, 134.5 billion dollars in US bonds could only have been produced by Russia, the UK, Japan or China… no one else. The amount of money is so huge that if Russia produced it, they would only have 2.5 billion dollars in US bonds left over!
Joe Wiesenthal, the editor of BusinessInsider.com, said that whether this was a government dumping its bonds or a counterfeit operation, it was “gigantic” in scope and “unlike anything we’ve ever seen — not just in size but also in sophistication.”
According to Wiesenthal, in order to counterfeit these bonds, “it would be the kind of technology you would expect only a government to have.” Wiesenthal also believes the 1934 issuance date on the bonds suggests they may be elaborate forgeries.


OTHER LINKS TO COVERAGE OF THE ORIGINAL SCANDAL
Once you know what you are looking for, you can do some digging and find all the most significant articles published online about this strange story when it first broke in June, 2009.
Here is the original Bloomberg article on the scandal:
Here is a Daily Kos summary of links describing what may have happened:
Here is an Asia Times article on the issue, which has a lot more detail:
In these two articles, “The Underground Investor” analyzed the evidence and clearly established how strange this whole story really was:

http://www.theundergroundinvestor.com/2009/07/possible-links-to-a-coming-bank-holiday-in-the-ongoing-134-5-billion-bearer-bond-mystery/


THE LAWSUIT IS NOW A REALITY FOR ALL TO SEE
Ever since this bizarre event happened, the only follow-up to the story has been in the form of an elaborate amount of ‘insider’ information leaked by Benjamin Fulford — the former Asia-Pacific bureau chief for Forbes Magazine — on a week-by-week basis.
Finally, the lawsuit at the epicenter of this investigation has now become a tangible reality — validating everything Fulford has been saying about this mysterious case since it originally started.
Looming storm clouds threatened to demolish Fulford’s credibility in a single crash of lightning as the all-important date of November 15th, 2011 came and went — with nothing to show for it — after years of fanfare and buildup on his websites.
However, on November 23, 2011, the clouds parted. A vast, 111-page legal complaint was filed in the United States District Court for the Southern District of New York. This complaint is now a provable matter of public record… as you are about to see.
I have since discovered hundreds of pages of intricate, complex material to read, firsthand eyewitnesses to interview, and official documents to scrutinize. There is no lack of “homework” to be done for those who are interested.

Irish Population Calls for Audit of National Asset Management Agency (NAMA)

Friday, November 25th, 2011

Audit NAMA

If the Irish state is going to pay for NAMA for 20-30 years, the Irish people demand to know what is on NAMAs books. There are multiple indications of criminality involved in contracts developers agreed with the banks. It is widely accepted that NAMA is riddled with dodgy contracts, however, immunity from the Freedom of Information Act inhibits further investigation into this matter. But we know for certain, members of the DDDA failed to comply with statutory requirements to desist from any considerations of matters before the authority in which they may have had a commercial interest.

An audit of NAMA would expose these crimes, it would lead to the shutdown of a large portion of NAMAs activities if not the entire agency itself, thereby reducing the “national debt” by almost 50%.

The “brains” behind NAMA include: Frank Daly a former revenue commissioner who upon retirement from that post in April 2008, was taken on a private dinner by Irelands banks; Steven Sealy, who comes form the steering committee of the IMF; Alan Ahearne who comes from the Federal Reserve, is an acolyte of Alan Greenspan; Kevin Cardiff, enough said; Peter Bacon, former managing director of Goodbody Stockbrokers.

All of the men mentioned above, the “brains” behind NAMA, are directly or indirectly involved in the type of finance capital that brought about the need for NAMA in the first place.

We are told that NAMA is not a bailout for developers, but the evidence suggests that this is exactly what NAMA is.
Stick 'en up - This is a bail-out
Max Keiser on the Irish Economy November 2011

The Real EU Democracy: “Papandreou Threatened With Assassination If He Went Ahead With Referendum”

Monday, November 14th, 2011

Daniel Estulin : Sarkozy threatened Papandreou with Death During the G20

Investigative Journalist Daniel Estulin reveals the death threat that caused Greek PM Papandreou to renege on his promise of a bailout referendum for the Greek people ,According to Estulin’s sources, Papandreou’s abrupt turnabout was the result of a direct threat from Sarkozy and the Eurozone powers.
Sarkozy threatened Papandreou with death if he went forward with the national referendum on Greek debt.  The Greek PM was threatened on both sides, first by people within Greece and then by the banking criminals.  Papandreou chose a way out to save his own skin and divert the blame on the next PM…a former ECB banker.

If the ECB & IMF get away with this robbery, Greece will spiral into chaos and revolution. Watch for scapegoat violence … we are run by gutless, bureaucrats who probably don’t even know how to punch out of a paper bag.. they cant even open their own car doors and why they need red carpet … when they are talking about global depression !

Isn’t it time to bring out the guillotine!

http://geraldcelentechannel.blogspot.com/2011/11/daniel-estulin-sarkozy-threatened.html

justice for banksters