By Michael J. Wilson (NJ)
Finance ministers from an inner core of eurozone countries held secret talks in Luxembourg on the night of the 6th of May 2011 to discuss the implications of Greece leaving the eurozone and reintroducing its own currency, as that option has already been considered by Greece.
If Greece leaves the euro, the collapse of the EU becomes inevitable. “The unthinkable became inevitable three times during Europe’s debt crisis: First Greece, then Ireland and now Portugal all appealed to their neighbors to bail them out after insisting they would never do so.” (LA Times, 15.04.2011) And the London Guardian reported that “Athens had floated the idea of leaving the single currency altogether.” (06.05.2011)
There is little that beleaguered Merkel can do as “she struggles to regain her [political] clout,” the LA Times cynically comments on April 4, 2011. Pressurising Germany, for aid, has exhausted its resources and thus those of the whole EU. Whenever a country needs to be “bailed out” by Germany (under the guise of the EU) the Wall-Street-Gang, unofficially led by the private Jewish institution FED (Federal Reserve System), present new CDS-bets, as being due for payment.
All so-called loans to EU countries, provided by “the markets”, contain clauses subjecting the countries to loan-linked CDS (Credit Default Swap) agreements. The “markets” then demand payments for these CDS bets at their discretion. A secret financial society presents these bets of trillions of euros to be paid. “A Secretive Banking Elite Rules Trading in Derivatives … nine members of an elite Wall Street society share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.” (NYT, 11.12.2010) Germany’s most renowned newspaper wrote: “These bets, meant to blast the single currency, are traded as CDS (Credit Default Swaps) within a secretive financial elite. The bookmakers consist of five investment banks. Even the regulatory authorities are not permitted to look into the books. They trade outside of the official financial markets and institutions. As long they are left free to act only they know what amounts are in the pipelines.” (Frankfurter Allgemeine Zeitung, 07.03.2010, p. 12)
The secretive banking elite can increase their so-called loans without any limit being imposed. In the case of the Greek Bail-Out the country’s debt rose within months by 500 percent. “Wall Street institutions made a profit of 500 percent within three months through CDS papers in the beginning of the Greek crisis”. (Spiegel.de, 05.05.2010) Since usury is officially banned in all countries they have invented the derivative system (betting on bets) as a substitute. Needless to say, only they can win these bets. If they wish, they can present new bets every day and literally demand any amount due immediately. Thus, pushing Germany as the sole EU financier, to complete exhaustion of her resources. Example: Greece was “rescued” in May 2010 through guarantees in the amount of 110 billion euros (to cover 25 billion euros of loans and 85 billion euros to cover the country’s CDS bubble). One year on, Greece owes again 330 billion euros in CDS bets: “At this time Greece owes 330 billion euros.” (Spiegel.de, 07.05.2011)
Since these hyenas have also destroyed their home base (the USA) by undermining the dollar through their speculative fraud-system, they need to bring Europe and China to their knees in order to survive this crucial period of currency wars.
It is a tribute system. They want the rest of the western world being enslaved for the next 1000 generations to come by paying up inconceivable amounts of money (in whatever applicable new currencies) for these signed bail-out guarantees. First and foremost they want Germany to be enslaved and shackled forever.
This means of bailing out countries and banks is literally monetary tribute forever and of no benefit to the recipients, and is a gigantic fraud. Mr Blankfein, from Goldman Sachs, even boasted before Congress on 27 April 2010 that the tribute system is based on bets without physical substance: “Every futures contract on oil, or anything else, could characterize it as a bet. … Some of these things do not exist physically.”
They have never provided real investments for the guaranteed sums, nor have they granted loans in significant amounts. The amounts claimed as due are fictitious. Their stooges in western governments have sold out to the banksters and become slaves.