Just because you read it, see it or feel it, doesn’t mean it
is real or you understand it. I have
been horrified how the media sways the opinions of people and the market with
inaccurate or misleading information. The
whole Eurozone and Greek fiasco has been consuming headlines for months and now
is postponed until March. I have found most
of the information and publicity I have seen and heard is swayed and bias. The information varies from one extreme side
to the other; how the Greeks are lazy and spent more than they brought in, they
never enforce or paid taxes or they just want to blame the banks, they should
suffer, they already were bailed out once.
Greece may have been
irresponsible, but the banks funded that irresponsibility, knowing Greece
was totally bankrupt... The media is
making it seem like Greece
is snubbing The German taxpayer who is extending a hand just trying to help.
The understanding of the language used is what needs to be clear to people
reading about all of this as to what exactly the bailout entails.
The Greeks are upset because what
they are rejecting is a loan not a bailout, the term “bailout” is misleading on
so many levels. A “Bailout” is actually referring to the banks, unless they are
bailing out payments to Greek banks. It
is not Greece itself or its
economy, the money involved in the “bailout” will not help Greece. It will be used to bail out bad banks. Unfortunately, Greece is just a cover for the
money transfer. Just to be clear what
happened to the “loans” the last time, ninety-two percent went directly to
banks, six percent went to government, and only two percent went back to the
Greek people. The Greek people are the victims
of the banker cartel who is immune to any and all consequences with their
actions and funded Greece without effective collateral, knowing the credit risk
and dumped funds into it anyway, just socializing the loses to the taxpayers.
The real problem to the Euro group is how any
changes they make will affect the global derivatives market. The derivatives
market holds roughly seven hundred trillion dollars, ten times the size of the
world (GDP) it includes bonds from many different countries, even bankrupt
countries, like Greece. The entire western financial system has
sovereign bonds from other counties. Sovereign
bonds are seen as a “risk free” asset when considering the risk the chances a company
will go belly up is way more risk than a whole country going belly up. The
banks have to consider what happens to the trades made using Greek sovereign
bonds. Many factors have to be looked at
by both sides; one thing not mentioned much is the most important thing,
collateral. The primary collateral
underlying all of these trades is Greece. Sovereign bonds are the senior most assets
pledged as collateral for the trillions dollars worth of trades. The bondholders will be affected most by the decisions
made. Just how and how much they will be
affected is the real question. The last
bail out was for the Euro banks that held Greek bonds as collateral. This is not about helping and restricting the
Greek economy; it’s all about the Euro group and banks the collateral and
maintaining the balance sheet to avoid taking a loss.
To make the situation and language clear, to
the people of Europe, the Greeks have spoken at the Tour of Europe to correct
misleading information and terminology of just what they are asking for and
what the Euro group is offering. Greece and Germany are using non-communication
“communication” the resolution is not close.
Now Washington has stuck its nose in to
the Business between Greece
and the Euro group “urging a compromise” this has been by the US Treasury secretary,
Jacob Lew. Ironic that the United States can even speak on the debt with America
eight-teen trillion dollars in debt.
They want Greece to leave their policies
behind and pay back the debt they owe. This
of course is not going to happen. Why
would Greece pay it back even if it could when every country has debt in one
way or another and they are not expected to pay up the hundred percent in debt
they owe (US). Greece is just
a few years ahead of the rest of the world.
The numbers the Euro group is asking for will be impossible for Greece
to pay back. Can we even believe the
numbers that they are giving us? The
numbers are calculated by the same system that was used to get Greece
approved into the Euro. We saw those numbers, they were completely
fraudulent. How can we blame anyone or
take sides? The central banking system
has everyone believing that money is free, and now feel entitled to it. There maybe “no risk” in the central banking
system, but now there is no value. The
bankruptcy and austerity are now inevitable for many counties. This has all been a game, a play executed by best-organized
gangs of criminals, our world’s biggest gangsters, the banksters. They are who effectively control the biggest
forms of organized crime…the government.
All we can do is sit back and watch, while poor Spain and Italy, watching, and thinking,
saying, “We’re next”
Germany is doing all of this the
worst way they can. They are pushing the
decision back to March giving Russia
and China time to set up a
fund for Greece,
which would be a huge game changer. I am
sure the Eurozone ego would never see Greece
joining Russia
as part of its master plan. Spring tends
to be Europe’s protesting months, and
civilization cannot survive on run theft ethics. The Euro group has most likely already dumped
Greek bonds on pension funds long before now.
The only reason Greece
would repay is to give the Eurozone citizens reassurance that they haven’t just
been robbed. Default maybe the only answer;
it is immoral to ask future generations to pay debts they did not incur. . The
real problem ultimately is the fact, that to a central bank you are the
collateral.
This could this just be a step
closer to achieving a global currency deemed as the only legal tender by the
IMF. They all know the eventual inevitability, with their Madoff-scheme debt-based monetary system. We as individuals will have to change the
system ourselves and open our eyes. The change will require more
than merely recognizing the social facts about central banks; we have to
profoundly change paradigms that will be necessary to perceive those central banksters
facts in radically different ways. Then
you will have a chance of formulating real solutions to the endless cycle of
treacherous usury that is the banking system.
The global bond bubble is still going to burst; when it does, it will
make the last crisis look like a cartoon.
Let us not overlook the Euro banks as a whole are leveraged at
twenty-six to one.
Just for your own information…The Financial Crisis Inquiry Commission (FCIC) Report states
on page. 48
The
CFMA effectively shielded OTC derivatives from virtually all regulation or
oversight. Subsequently, other laws
enabled the expansion of the market. For
example, under a 2005 amendment to the bankruptcy laws, derivatives
counterparties were given the advantage over other creditors of being able to
immediately terminate their contracts and seize collateral at the time of
bankruptcy.
