Do You Get THAT Feeling? - page 72

 

One more no comment ....

Files:
 
mladen:
One more no comment ....

As we learned polls mean nothing....

 
Pava:
As we learned polls mean nothing....

I was not puzzled by the first place (it is well know that voters prefer those that appear the most on the TV), but see Chris Cristie

Christie is struggling with poor approval ratings at home. A Monmouth University poll last week showed a majority - 57 percent - of New Jersey voters say that he should resign now that he's made his White House bid official
 
mladen:
I was not puzzled by the first place (it is well know that voters prefer those that appear the most on the TV), but see Chris Cristie

he got more than 1 VOTE???!!!

 

Tsipras Stunner: Creditors Said "There Is No Point In Holding Elections" In Bailed Out Countries

"As if the long-suffering Greek people need more tragedy in their lives, here comes an admission from their chosen "leader" that Greece, as a sovereign nation, no longer exists:GREEK PM TSIPRAS SAYS LENDERS GIVE A MESSAGE THAT IN COUNTRIES UNDER A BAILOUT THERE IS NO POINT IN HOLDING ELECTIONS.?"read more

 
theNews:
Tsipras Stunner: Creditors Said "There Is No Point In Holding Elections" In Bailed Out Countries "As if the long-suffering Greek people need more tragedy in their lives, here comes an admission from their chosen "leader" that Greece, as a sovereign nation, no longer exists:GREEK PM TSIPRAS SAYS LENDERS GIVE A MESSAGE THAT IN COUNTRIES UNDER A BAILOUT THERE IS NO POINT IN HOLDING ELECTIONS.?"read more

Nothing new : that goes on for years, just we (the sheeple) are playing the 3 monkeys

 
mladen:
Nothing new : that goes on for years, just we (the sheeple) are playing the 3 monkeys

We are more monkeys than just 3 (no thinking monkey is not in that picture, but should be)

 

The Shocking 2008 AIG Report On The Motives Behind Europe's "Perpetual Crisis" And The Death Of Greece

Meet Bernard Connolly.

Barnard is a British economist whose rise to prominence started when he worked for many years at the European Commission in Brussels, where he was head of the unit responsible for the European Monetary System and monetary policies. In other words, if any one was familiar with what the ascent of the Euro would lead to, it would be him.

We say "eventual" because he was terminated by the Commission in 1995. The catalyst may well have been his book "The Rotten Heart of Europe: The Dirty War for Europe's Money, a negative treatment of the European Exchange Rate Mechanism" which Eurocrats did not take too very lightly.

However, Bernard is more notable not his books, or his employment in Brussels, but where he went next and what he did there.

After ending his relationship with Europe, Bernaned worked at Banque AIG, the Paris-based financial arm of the infamous AIG whose collapse together with that of Lehman, was the primary catalyst for the great financial crisis. Bernard however was not in the front office and did not trade CDS, but was the global strategist. Here is euro skepticism flourished and culminated in a report on May 30, 2008, months before the GSEs and Lehman failed, and AIG was bailed out.

The report was titled "Europe - Drive or Driven", and it should have been a must read for all Greek (and Europeans) some 7 years ago as it not only lays out precisely why Greece is now on the verge of not only sovereign capitulation but total collapse, but presents what may be the true motives behind Europe's perpetual crisis and why it almost appears as if the core European countries demand that the sick men of Europe, because Greece is just the first of many, remain and keep Europe in a state of perpetual turmoil.

From May 30, 2008

The Global Economic Crisis and the EMU Crisis

  • The global crisis is the result of intertemporal misallocation (Greenspan; EMU).
  • In effect, there has been a global Ponzi game.
  • In Europe, this was intensified by the myth that “current accounts don’t matter in a monetary union”: EMU is the biggest credit bubble of them all.
  • The treaty says that government should have the same credit status as private sector borrowers.
  • Monetary union means greater economic instability.
  • These two factors should mean a worsened credit standing in EMU, yet government bond spreads actually diminished in EMU and ratings agencies actually upgraded governments
  • When the bubble bursts…

    • A collapsing credit bubble in the world means collapsing domestic demand in deficit countries (e.g. US, Britain, Balkans, Baltics – and several euro-area countries)
    • In the US, and to some extent Britain, domestic demand is being supported by rate cuts and, in the US, by a fiscal stimulus
    • In the affected euro-area countries, it isn’t
    • In the absence of support for domestic demand, affected countries will be forced into an improvement in net exports via improved competitiveness
    • In the US and Britain, this is happening through currency depreciation; in the euro area it isn’t.

"Yes, Varoufakis was right, and will be right in the end: the cost of a Grexit would have been too great in the future. However he did not anticipate that Europe has a just as powerful counterweapon: locking up Greek deposits indefinitely right now.

Greece folded.

Which brings us to the final question: What Europe Wants?

Here is Connolly's answer:

To use global issues as excuses to extend its power:

  • environmental issues: increase control over member countries; advance idea of global governance
  • terrorism: use excuse for greater control over police and judicial issues; increase extent of surveillance
  • global financial crisis: kill two birds (free market; Anglo-Saxon economies) with one stone (Europe-wide regulator; attempts at global financial governance)
  • EMU: create a crisis to force introduction of “European economic government”
  • And there it is: in four simple bullet points laid out in a 7 year old presentation, a prediction which is about to be proven right. Because once Greece folds, next will be Italy, Spain, Portugal, and so on, until the European Economic Government, also known as the "European Empire", controlled by a handful of "northern" European players and the bankers financially backing them, shifts from mere vision to reality. "

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