Joint Statement From Merkel And Sarkozy On Global Financial Crisis

Joint Statement From Merkel And Sarkozy On Global Financial Crisis (ZeroHedge, Aug 7, 2011):

Below is the full text of the joint French-German statement attempting to prevent another European market collapse. Next up are comparable statements from the ECB and from theG7. We expect many more before the night is out.

Following is the full text of a joint statement issued on Sunday by German Chancellor Angela Merkel and French President Nicolas Sarkozy on measures to tackle the euro zone debt crisis.

President Sarkozy and Chancellor Merkel reiterate their commitment to fully implement the decisions taken by the heads of state and government of the euro area and the EU institutions on July 21st 2011.

In particular, they stress the importance that parliamentary approval will be obtained swiftly by the end of September in their two countries.

They welcome the recent measures announced by Italy and Spain with regard to faster fiscal consolidation and improved competitiveness. Especially the Italian authorities’ goal to achieve a balanced budget a year earlier than previously envisaged is of fundamental importance. They stress that complete and speedy implementation of the announced measures is key to restore market confidence.

As decided on July 21st, the effectiveness of the EFSF will be improved and its flexibility increased linked to appropriate conditionality, in particular through the following instruments: precautionary program, finance recapitalization of financial institutions and to intervene in secondary markets on the basis of an ECB analysis recognizing the existence of exceptional financial market circumstances and risks to financial stability and on the basis of a decision by mutual agreement of the member states, in order to avoid contagion.

German Chancellor Angela Merkel Calls For NEW WORLD ORDER (ARD – Tagesthemen, June 4, 2011)

ARD (full name: Arbeitsgemeinschaft der öffentlich-rechtlichen Rundfunkanstalten der Bundesrepublik Deutschland – “Consortium of public-law broadcasting institutions of the Federal Republic of Germany”) is a joint organization of Germany’s regional public-service broadcasters. It was founded in West Germany in 1950 to represent the common interests of the new, decentralized, post-war broadcasting services — in particular the introduction of a joint television network.


Angela Merkel fordert öffentlich Neue Weltordnung – 04.06.2011

Added: 05.06.2011

Auf dem Evangelischen Kirchentag 2011: “Souveränität und Rechte abgeben!”

Merkel wörtlich:

„Warum ist Kopenhagen gescheitert? Im Grunde sind wir zum Schluss an einem Punkt gescheitert, der ganz interessant ist in Zusammenhang mit der Globalen Ordnung!” [Globale Ordnung = New World Order]

“China und Indien haben gesagt: Wir sind bereit, uns [zu diversen Klimaschutzzielen] zu verpflichten, aber wir sind nicht bereit, uns verbindlich international zu verpflichten. Wir machen das zu Hause, ihr müsst uns glauben, aber wir geben keine Souveränität ab an internationale Organisationen.”

“Und das ist der vielleicht spannende Schritt, den wir Europäer ja schon gewohnt sind. Wir haben lauter Souveränität an die Europäische Kommission abgegeben. Manchmal sind wir sauer darüber, aber wir haben´s gemacht. Und andere Länder sind daran überhaupt noch nicht gewöhnt.”

“Wenn man eine wirkliche Weltordnung haben will, eine globale politische Ordnung, dann wird man nicht umhinkommen, an einigen Stellen auch Souveränität, Rechte an andere abzugeben. Das heißt, dass andere internationale Organisationen uns dann bestrafen können, wenn wir irgendetwas nicht einhalten. Und davor schrecken viele Länder noch zurück. Das ist aus meiner Sicht ein wirklich interkultureller Prozess, den wir durchlaufen müssen.”

Google translation:

Merkel literally:

“Why Copenhagen is failed? Basically, we have failed in the end to a point that is quite interesting in the context of the global order, “[Global Order = New World Order]

“China and India have said we are ready to take [to various climate change goals] oblige, but we are ready to commit to binding international We do this at home, her we need to believe, but we make no sovereignty. international organizations. ”

“And this is perhaps the most interesting step that we Europeans are already accustomed. We have given a loud sovereignty to the European Commission. Sometimes we are angry about it, but we have done it. And other countries are accustomed to still not believe it. ”

“If you want a real world order, a global political order, then you can not help but come in some places sovereignty, rights to give to others. This means that other international organizations punish us can if we do not respect anything. And before deter many countries still back. This is, in my view a truly inter-cultural process, we have to go through. “

Cyber War Rule Of Engagement Drawn Up

The world needs to draw up new accords on online warfare to deal with the growing dangers of attacks in cyberspace, David Cameron and fellow international leaders will be told on Friday.


Hillary Clinton will join David Cameron and Angela Merkel at the Munich Security Conference Photo: EPA

Proposals for adapting the Geneva and Hague conventions to provide “rules of engagement” for “cyber war” will be delivered to the Munich Security Conference by American and Russian experts at the influential EastWest Institute, a New York-based think-tank.

World leaders attending the annual Munich gathering include Mr Cameron, Hillary Clinton, the US secretary of state, and Angela Merkel, the German chancellor.

The EastWest Institute will argue that the new rules will be needed to protect civilian facilities such as hospitals and schools from being hit in future online conflicts.

The team will tell the security conference that discriminating between military and civilian targets and identifying attackers presents major new challenges in the internet era.

Read moreCyber War Rule Of Engagement Drawn Up

France and Germany Veto Increase in EU Rescue Fund

From the article:  “… a well-covered auction of €1.25bn of Portuguese debt…”

Italy: Youth Unemployment Hits Record 28.9 Percent

That said, with fundamentals no longer relevant, the only catalysts the market is concerned about for the next several days will be the plethora of bond auctions with Portugal coming to market tomorrow, followed promptly by Spain. Both are expected to price their issues at or near all time wide levels, which explains why the ECB has been in the market all day today, buying up every piece of paper available in an attempt to stabilize the market ahead of tomorrow.



Germany and France have rejected calls by Brussels for a rapid increase in the size and powers of the EU’s rescue machinery, once again exposing serious differences at the heart of monetary union.


France’s President Sarkozy with German Chancellor Angela Merkel.  Photo: REUTERS

Jose Barroso, head of the European Commission, called on EU leaders to boost the firepower of the EU’s €440bn (£366bn) bail-out fund and beef up its role, allowing it to intervene with pre-emptive bond purchases to help states under threat.

“It is important for the markets to know that Eurozone leaders are committed to do whatever is necessary,” he said, hoping for action as soon as early February.

He also proposed a “new phase of European integration” with far-reaching oversight of the budgets, pensions, labour markets, and trade flows of EU states to prevent a recurrence of the imbalances that led to the EMU debt crisis.

Mr Barroso said the fund boost was a “precautionary” move, not directed at any one country. The gambit is risky since it may be taken by investors as a sign that Brussels fears imminent contagion to Spain, deemed too big for the current fund.

Read moreFrance and Germany Veto Increase in EU Rescue Fund

The No.1 Trend Forecaster Gerald Celente: Righteous Rage – Wikileaks BS – Class Warfare Has Begun – Bailout Bubble Bursting – The Great War – This Is Not America, It’s Fascism

If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York Post

When CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline News

There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
– CNBC

Those who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street Journal

A network of 25 experts whose range of specialties would rival many university faculties.
– The Economist

Rage against the Fed, the Media and all things else

Added:15. December 2010

On Wikileaks:

Who Is Really Behind Wikileaks?

Wikileaks: A US Government Con Job

–  Wikileaks: Brought to you by the CIA or Mossad

More with Gerald Celente:

America – The End of Liberty (Documentary)

Interview With Gerald Celente: The Gestapo of Food

Overdose – The Next Financial Crisis (Documentary)

The No.1 Trend Forecaster Gerald Celente: And Now We’re Headed For The GREATEST Depression

Read moreThe No.1 Trend Forecaster Gerald Celente: Righteous Rage – Wikileaks BS – Class Warfare Has Begun – Bailout Bubble Bursting – The Great War – This Is Not America, It’s Fascism

Angela Merkel: ‘If this is the sort of club the euro is becoming, perhaps Germany should leave’

Germany should have left the euro a long time ago.

Flashback:

Max Keiser: Teutonic Genie out of bottle, America punches itself in face

Financial analyst Max Keiser predicts the rise of Germany competing with China as global super power.

“We are in a currency war”, says Max Keiser.

Listen Germany, listen and leave the euro (… and stop the fascist New World Order)!


60 Percent of Germans Want The Mighty Deutschmark Back


Nearly 60 per cent of Germans want the mighty Deutschmark back

The German chancellor warned her country could pull out of the euro as nations wrangled over the future of the single currency, it has emerged.

Angela Merkel had a row with the Greek prime minister George Papandreou at a summit in October, according to reports.

The Greek leader is said to have branded the German plans to re-open the Lisbon Treaty and establish a permanent bailout fund for debt crises ‘undemocratic’ at the October 28 meeting.

Ms Merkel retorted: ‘If this is the sort of club the euro is becoming, perhaps Germany should leave,’ according to government figures at the dinner.

Her spokesman Steffen Seibert refused to comment on the claims yesterday when contacted by The Guardian but said the threat was ‘not plausible’.

‘The chancellor sees the euro as the central European project, wants to secure and defend it and the government,’ he said. ‘Germany is unconditionally and resolutely committed to the euro.’

Read moreAngela Merkel: ‘If this is the sort of club the euro is becoming, perhaps Germany should leave’

EU: Contagion May Force Euro Leaders to Expand Arsenal to Counter Debt Crisis

See also:

Ireland Bailout Fails To Calm Nervy Markets – Prof. Nouriel Roubini Tells Portugal To Seek Bailout, Spain ‘Too Big To Bail Out’


Dec 1 (Bloomberg) — Investors’ no-confidence vote in the aid package for Ireland may force European policy makers to expand their arsenal to fight the debt crisis threatening to tear the euro apart.

Options outlined by economists at Societe Generale SA and Barclays Capital include: Boosting the 750 billion-euro ($975 billion) temporary rescue fund or turning it into an asset- buying program; cutting interest rates on bailout loans; issuing joint bonds for the 16 euro nations or flooding the economy with cash from the European Central Bank.

All would be unprecedented, and none of Europe’s political leaders — dominated by German Chancellor Angela Merkel — has indicated the steps are being considered. Earlier this year, they struggled to cobble together the measures that investors and economists now say are proving inadequate to safeguard the euro and keep speculators at bay.

“You’ve had repeated interventions, but the markets are still selling in response,” said Andrew Balls, London-based head of European portfolio management at Pacific Investment Management Co., which runs the world’s biggest bond fund. “Policy makers have to move beyond a country-by-country approach and think about the system-wide challenges.”

Read moreEU: Contagion May Force Euro Leaders to Expand Arsenal to Counter Debt Crisis

Wikileaks Release: US Embassy Cables Leak Sparks Global Diplomatic Crisis

• More than 250,000 dispatches reveal US foreign strategies
• Diplomats ordered to spy on allies as well as enemies
• Saudi king urged Washington to bomb Iran

Read the full coverage of the US embassy cables


The release of more than 250,000 US embassy cables reveals previously secret information on American intelligence gathering, and political and military strategy. Photograph: Rex Features

The United States was catapulted into a worldwide diplomatic crisis today, with the leaking to the Guardian and other international media of more than 250,000 classified cables from its embassies, many sent as recently as February this year.

At the start of a series of daily extracts from the US embassy cables – many designated “secret” – the Guardian can disclose that Arab leaders are privately urging an air strike on Iran and that US officials have been instructed to spy on the UN leadership.

These two revelations alone would be likely to reverberate around the world. But the secret dispatches, which were obtained by WikiLeaks, the whistleblowers’ website, also reveal Washington’s evaluation of many other highly sensitive international issues.

These include a shift in relations between China and North Korea, high-level concerns over Pakistan’s growing instability, and details of clandestine US efforts to combat al-Qaida in Yemen.

Among scores of disclosures that are likely to cause uproar, the cables detail:

Read moreWikileaks Release: US Embassy Cables Leak Sparks Global Diplomatic Crisis

EU rescue costs start to threaten Germany itself

Criminal elite puppet governments all over the world are bankrupting their countries, funneling billions and trillions of  euros and dollars to their elite puppet bankster friends.

That money ends up into the hands of just a view elite criminals that planned all of this.

The perfect elitist government-bank robbery and the people are footed with an unpayable bill that completely destroys their financial future.

See also:

EU rescue costs start to threaten Germany itself


The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union.


Chancellor Angela Merkel would risk popular fury if she had to raise fresh funds for eurozone debtors at a time of welfare cuts in Germany.

Credit default swaps (CDS) measuring risk on German, French and Dutch bonds have surged over recent days, rising significantly above the levels of non-EMU states in Scandinavia.

“Germany cannot keep paying for bail-outs without going bankrupt itself,” said Professor Wilhelm Hankel, of Frankfurt University. “This is frightening people. You cannot find a bank safe deposit box in Germany because every single one has already been taken and stuffed with gold and silver. It is like an underground Switzerland within our borders. People have terrible memories of 1948 and 1923 when they lost their savings.”

The refrain was picked up this week by German finance minister Wolfgang Schäuble. “We’re not swimming in money, we’re drowning in debts,” he told the Bundestag.

While Germany’s public and private debt is not extreme, it is very high for a country on the cusp of an acute ageing crisis. Adjusted for demographics, Germany is already one of the most indebted nations in the world.

Reports that EU officials are hatching plans to double the size of EU’s €440bn (£373bn) rescue mechanism have inevitably caused outrage in Germany. Brussels has denied the claims, but the story has refused to die precisely because markets know the European Financial Stability Facility (EFSF) cannot cope with the all too possible event of a triple bail-out for Ireland, Portugal and Spain.

Read moreEU rescue costs start to threaten Germany itself

Elite Puppet David Cameron’s U-Turn Denies Britain EU Referendum

David Cameron, like Gordon Brown before, is an elite puppet.

President Obama has already been proven to be worse than even G. W. Bush.

Presidents or Prime Ministers are not elected, but selected.



David Cameron has now backed plans to sneak changes into the Lisbon Treaty

BRITONS have been robbed of the chance to vote on a power grab by Brussels despite promises of a referendum.

In the wake of the Lisbon Treaty fiasco, David Cameron vowed Britain would never again give away powers to Brussels without first holding a referendum.

In a spectacular U-turn, however, Mr Cameron has now backed plans to sneak changes into the Lisbon Treaty without triggering referendums across Europe.

It is a significant victory for German Chancellor Angela Merkel, who was last night dining with the Camerons at ­Chequers, the Prime Minister’s country retreat in Buckinghamshire.

At the Council of Ministers, Europe’s prime ministers and presidents backed “a limited treaty change” to deliver tighter fiscal discipline across the EU and a ­permanent bail-out fund for members of the eurozone. The change will create an “economic government” for Europe.

Nigel Farage, frontrunner to lead the UK Independence Party, said: “It is one of the most massive power grabs they have ever attempted but because it is so ­devilishly complicated this might just sneak through by default. But make no mistake, these are draconian powers and without a shadow of a doubt this should trigger a referendum.”

Leaders are petrified that any change to the EU treaties would spark referendums in the UK, Ireland and the Netherlands.

In Britain the EU Referendum Campaign has been launched calling on the ­Government to give the country the vote denied when Gordon Brown ratified the Lisbon Treaty. More than 5,000 Sunday Express readers signed up after we highlighted the campaign last week.

Read moreElite Puppet David Cameron’s U-Turn Denies Britain EU Referendum

Sarkozy and Merkel: We Need A New EU Treaty

The coalition government faces the prospect of a referendum on Europe and the outbreak of political warfare between the Conservatives and Liberal Democrats after Nicolas Sarkozy and Angela Merkel demanded a new EU treaty within two years.


Nicholas Sarkozy and Angela Merkel walk at a beach in Deauville Photo: REUTERS

Following a meeting in France, the French President threw his weight behind calls from the German Chancellor for changes to the Lisbon Treaty in order to prevent future government debt crises threatening the euro zone.

The move is a serious setback for David Cameron because he has opposed any fresh EU institutional changes and recently renewed his “referendum lock” pledge to hold a popular vote on any future treaty that passes new powers to Brussels.

In a joint statement with Chancellor Merkel, President Sarkozy proposed revisions to the EU treaty in order to bring in tough sanctions against countries that threatened the euro’s stability by running high levels of government debt and to set up permanent EU bail-out fund.

“Germany and France together will put forward a revision to the treaties so that political sanctions can be made and for support mechanisms to be made ongoing in order to ensure the financial stability of the euro zone,” he said.

Read moreSarkozy and Merkel: We Need A New EU Treaty

Chancellor Angela Merkel: Multiculturalism in Germany Has ‘Failed Utterly’

Elite puppet Angela Merkel will say whatever she is told to tell the public by her elite masters

Watch the video here.


Chancellor’s remarks, which claimed multiculturalism had ‘failed utterly’, interpreted as a shift rightwards from previous views


Chancellor Angela Merkel says multiculturalism in Germany has ‘failed utterly’. She tells a conference of the youth wing of her Christian Democratic Union party that Germans and foreign workers could not ‘live happily side by side’

Chancellor Angela Merkel has declared the death of multiculturalism in Germany, saying that it had “failed utterly” , in what has been interpreted as a startling shift from her previous views. The German leader said it had been an illusion to think that Germans and foreign workers could “live happily side by side”.

“We kidded ourselves for a while that they wouldn’t stay, but that’s not the reality,” she said at a conference of the youth wing of her Christian Democratic Union party at the weekend, referring to the gastarbeiters, or guest workers, who arrived in Germany to fill a labour shortage during the economic boom of the 1960s.

“Of course the tendency had been to say, ‘let’s adopt the multicultural concept and live happily side by side, and be happy to be living with each other’. But this concept has failed, and failed utterly,” she said, without elaborating on the nature and causes of this failure.

Merkel’s verdict marks a shift in her previously liberal line on immigration which had always put her at odds with the more conservative wing of the party.

While she stressed in the same speech that immigrants were welcome in Germany and that Islam was a part of the nation’s modern-day culture, her remarks positioned her closer to Horst Seehofer, the Bavarian state premier of the Christian Social Union, who last week called for an end to immigration from Turkey and Arab countries.

They also align her with Thilo Sarrazin, the former Bundesbank member whose book on how the failure of many of Germany’s 16 million immigrants to integrate was contributing to Germany’s decline led to his dismissal.

Sharing the same podium as Merkel in Potsdam, Seehofer also said “multiculturalism is dead” and that both the rightwing parties were committed to a “dominant German culture”. If Germany did not revise its immigration policies, he said, it was in danger of becoming “the world’s welfare office”.

Read moreChancellor Angela Merkel: Multiculturalism in Germany Has ‘Failed Utterly’

Bilderberg Merkel presents the bill for the bankster bailouts: Germany’s largest programme of public sector cuts

All to bailout a few banksters. This is not about helping the people of Greece:

The ECB’s Greek Exposure Is Bigger Than Its Own Capital and Reserves Of (Only) €77.3 Billion

Former Bundesbank Head Karl Otto Pöhl: Bailout Plan Is All About ‘Rescuing Banks and Rich Greeks’

ECB Buying Up Greek Bonds; German Central Bankers Suspect French Intrigue

France’s Europe Minister Pierre Lellouche: Eurozone Bailout Violates EU Laws


Angela Merkel unveils Germany’s largest programme of public sector cuts

angela-merkel
Freemason Angela Merkel

Germany seems to be heading for a summer of unrest after Angela Merkel announced what she described as the country’s largest programme of public sector cuts.

The package, agreed after two days of Cabinet discussion, amounts to slashing the budget by €80 billion (£66 billion) between now and 2014. The aim is to ensure that Germany meets the euro-stability pact criteria for public borrowing by 2013.

“The last two days have entailed a unique act of exertion,” the Chancellor said when she presented what the German press is already calling her “list of horrors”.

“The crisis in Greece has shown us the importance of good housekeeping,” Ms Merkel added. “Germany has a responsibility to set a good example.”

For 2011 Germany has promised cuts of €11.2 billion, with another €2 billion having to be found to prop up the state health insurance fund. By 2013 the cuts will reach €23.7 billion.

“Over the last years we have lived beyond our means,” said Guido Westerwelle, the head of the Free Democrats and Ms Merkel’s coalition partner.

The cuts will include redundancy for more than 10,000 civil servants working for federal ministries, a scaling down of welfare payments and the loss of about 40,000 jobs from the Army. Karl-Theodor zu Guttenberg, the Defence Minister, has been ordered to prepare proposals by September. He favours suspending conscription and closing barracks but this may not be enough to bring the hefty savings demanded of him.

Read moreBilderberg Merkel presents the bill for the bankster bailouts: Germany’s largest programme of public sector cuts

France’s Europe Minister Pierre Lellouche: Eurozone Bailout Violates EU Laws

See also:

Greek Bailout: Two Secret Exit Clauses – Why Europe Is Now Cheering For Its Own Demise

Germany: Parliament Votes to Give 66 % of Annual Income Tax Revenue to The Banksters

Greek Central Bank Accused of Encouraging Naked Short Selling of Greek Bonds

ECB Resorts to ‘Nuclear Option,’ Intervenes in Bond Market to Fight Euro Crisis


pierre-lellouche
Pierre Lellouche

EU bail-out scheme alters bloc treaties, says France (Financial Times):

The eurozone’s €440bn debt guarantee scheme is tantamount to the adoption of a Nato-style mutual defence clause and marks an “unprecedented” change to the bloc’s treaties, according to France’s Europe minister.

In an interview with the Financial Times, Pierre Lellouche laid bare the French government’s conviction that the emergency stabilisation scheme agreed earlier this month amounted to a fundamental revision of the European Union’s rules and a leap towards an economic government for the bloc.

“It is an enormous change,” Mr Lellouche said. “It explains some of the reticence.

It is expressly forbidden in the treaties by the famous no bail-out clause. De facto, we have changed the treaty,” he added.

Read moreFrance’s Europe Minister Pierre Lellouche: Eurozone Bailout Violates EU Laws

Max Keiser: Big Banks Retroactively Allocate Losing Trades to Clients, Keep Winning Trades for Themselves

Max Keiser – journalist, former Wall Street broker and options trader, and inventor of the software which is now being used for high frequency trading – claims that the big banks retroactively allocate losing trades to their clients, and keep the winning trades for their own proprietary trading desks:

Keiser Report: Goldman Sachs, Undeclared Enemy of the State

Added: 25. May 2010

This is the second time in the couple of weeks that Keiser has made this allegation. When he first brought this up, Keiser said that he has first-hand knowledge of this unlawful activity because – when he was a trader – he and everyone else did the same thing.

Submitted by George Washington on 05/27/2010 17:08 -0500

Source: ZeroHedge

More on Goldman Sachs ‘doing God’s work’:

Stock Market Collapse: More Goldman Sachs Market Rigging?!

Dr. Len Horowitz: Profitable Depopulation Plot Links JPMorgan and Goldman Sachs to Vaccination Contaminations and Big Pharma Corruption

Goldman Sachs Bankster Blankfein Supports Financial Reform Bill

Goldman Sachs Banksters ‘Made Fortune Betting Against Clients’

Computerized Front-Running: How a Computer Program Designed to Save the Free Market Turned Into a Monster

Goldman Sachs taps President Obama’s former White House counsel, Gregory Craig

President Obama Repaying His Masters At Goldman Sachs

Goldman Sachs Banksters Implicated in Shorting Lehman Shares

Perfect Timing: Goldman Sachs Set to Pay £3.5 Billion in Bonuses For Just 3 Months’ Work!

SEC Accuses Goldman Sachs of Civil Fraud

Looting Main Street: How the nation’s biggest banks are ripping off American cities with the same predatory deals that brought down Greece

Goldman Sachs Squeezes Hedge Funds in $110 Billion ‘Collateral Arbitrage’

Read moreMax Keiser: Big Banks Retroactively Allocate Losing Trades to Clients, Keep Winning Trades for Themselves

Germany: Parliament Votes to Give 66 % of Annual Income Tax Revenue to The Banksters

Here is what Wolfgang Schäuble had to say:

German Lawmakers Approve Share of $1 Trillion Bailout (Bloomberg):

“Every other alternative is much worse and much more dangerous, so we have to do this,” Finance Minister Wolfgang Schaeuble told the lower house, or Bundestag, in Berlin before the vote. “We’re not doing this for others, we’re doing it for ourselves and for future generations.”

These elite puppets have just bankrupted Germany:

“Never in recent European history have governments so blatantly looted taxpayers.

If nothing is done to reverse these bills, the economic and social collapse of Germany, Greece and EU nations is inevitable.”

What this really is, is an unprecedented looting of the people by the elitists that control the governments, the central banks, the IMF and the media.

When the elite will have totally bankrupted the people and everything will go into total collapse mode they will present the New World Order (world government and a new world currency) as the only solution to all the problems that they have created in the first place. (See related information at the end of the article.)


reichstag-berlin-germany1
Reichstag, Berlin

Germany’s parliament today passed a bill that will mean that about 66 per cent of the country’s income tax revenue each year will go to banks in the form of interest payments on souvereign dent bonds held by Greece, Portugal and other eurozone nations.

Chancellor Angela Merkel’s centre-right coalition government voted to give 123 billion as Germany’s portion of a 750-billion euro loan guarantee package prepared by the European Union and the International Monetary Fund to enable governments to keep up interest payments to banks on souvereign debt.

The bill was passed by the Bundestag with with 319 “yes” votes, 73 “no” votes and 195 abstentions.

The abstentions came from the center-left opposition Greens and Social Democrats (SPD) and a handful of CDU/CSU and FDP backbenchers. The 123 billion euro bank package comes on top of the 22.4 billon that Germany’s parliament voted to give Greece two weeks ago.

German taxpayers will, therefore, have to give 145 billion euros or 77% of the country’s annual income tax revenue to the banks in the highly likely event of Greece, Portugal and other countries not being able to meet their souvereign debt interest payments.

Read moreGermany: Parliament Votes to Give 66 % of Annual Income Tax Revenue to The Banksters

German Lawmakers Approve Share of $1 Trillion Bailout

‘For future generations!’ Sure! Future generations have just been looted and raped!

Now That Is One SERIOUSLY Hyperbolic Alert On CNBC Business Insider (CNBC):

“FATE OF FREE WORLD HANGS ON VOTE IN GERMAN PARLIAMENT.”

Reminds me of:

How the crooked bailout was passed by Congress:

Rep. Michael Burgess: “We Are Under Martial Law”:


German Lawmakers Approve Share of $1 Trillion Bailout

wolfgang-schaeuble
Schaeuble waits on German lawmakers’ decision. (Bloomberg)

May 21 (Bloomberg) — German lawmakers approved their country’s share of a $1 trillion euro-region bailout in a vote today, allaying market concern that they would balk at approving a second emergency aid package in as many weeks.

The lower house of parliament voted 319 to 73 in favor of contributing as much as 148 billion euros ($186 billion) to indebted European states to backstop the euro; 195 lawmakers abstained. The upper house, or Bundesrat, also passed the measure, sending it on to President Horst Koehler for signature.

“Every other alternative is much worse and much more dangerous, so we have to do this,” Finance Minister Wolfgang Schaeuble told the lower house, or Bundestag, in Berlin before the vote. “We’re not doing this for others, we’re doing it for ourselves and for future generations.”

Read moreGerman Lawmakers Approve Share of $1 Trillion Bailout

The German Government Has Had Enough, Bans Naked Short-Selling (Incl. Gold!)

Market chaos warning after German ban on shorting (Telegraph):

Traders are predicting chaos on the world’s second-largest government bond market after the German authorities on Tuesday announced a ban on all naked short-selling in European public debt, as well as shares in the country’s 10 largest financial institutions.

Bear Raid In Gold Results in an Historic One Day Liquidation: Höllenmädchen Merkel und die Straßenschreier(Jesse’s Café Américain)

Swaps Soar on Germany’s ‘Act of Desperation’: Credit Markets (Bloomberg)


reichstag-berlin-germany1
Reichstag, Berlin, Germany

If you thought the German government was going to be a lapdog for Sarcozy, or worse, was going to fellate Brussels and the ECB, you got a rude shock today.

It appears that the German Government has just plain had enough of the crap that the banksters have tried to pull, and has decided to do what Barack Obama should have done in early 2009.

That is:

  • No more naked credit crap, especially against sovereigns but not only against sovereigns.  No insurable interest, no CDS – period.
  • Naked shorting will now be actually stopped in 10 leading financial institutions.
  • Germany has had it with naked shorting of Gold, and specifically noted bank manipulation of gold prices via naked shorts beyond intent or ability to deliver.
  • Germany has also said that they’re not going to permit Euro derivatives that are not a “bonafide” FX hedge.  That is, no more naked bets on Euro movements either.
  • Hedge funds are going to be regulated, position size limits mandated and enforced, reporting enhanced and a transaction tax is coming.

It’s about damn time.

Oh, and it appears that instead of telling all the banksters what they were going to do and “getting permission” first, or even discussing it with other governments, the German Government did what all governments should do – make up your mind and then do it without giving a good damn whether the banksters or other governments like it – and without giving them input into the decision or notice that it’s coming.

The bid rigging, the game-playing and the rest are all a bunch of crap.  I’ve been hollering about this now for more than three years and yet our government spends it’s time fellating the bankers and their dogs instead of enforcing the law.

Read moreThe German Government Has Had Enough, Bans Naked Short-Selling (Incl. Gold!)

German Professors Challenge Greek Bailout Legislation, Declare it Unconstitutional

Commentary:

Greece should (arrest the Goldman Sachs banksters) default on those bonds that are unpayable and let the stupid investors/banksters eat the losses.

Instead the people in Greece and the EU will be presented with the bill, created by corrupt elite criminals.

Now Germany is portrayed as not willing to help the people of Greece.

The Greek bailout is not about helping the people.

It is about looting the people in the EU (and everywhere else) until there is nothing left. This is happening everywhere.

Max Keiser on Greece: ‘The IMF is a Financial Mafia’:

“The only solution for Greece is to arrest the Goldman Sachs bankers immediately and all those involved in the fabrication of Greek economic data in 2000, when you became a member of the eurozone. The next step is to nationalize all banks like Sweden did in 1993. The International Monetary Fund is that last thing you need. You will lose your sovereignty. It exercises terrorism. You will be raped in such a way, that it will be the worst pain you have ever felt.

If someone burns down your house in order to sell you charcoal, would you consider this logical? That is exactly what Goldman Sachs did to the Greek economy. They burned you down like arsonists and then they tell you not to worry they’ll give you charcoal. It’s outrageous. The IMF has said that it can provide Greece with help. The Wall Street investment hedge funds are attacking Greece’s bond market so that the Greek economy collapses. And they’re doing this for a simple reason; to force the Greek people to ask for help from the IMF. The IMF will say, we came because you asked for our help. Wall Street bankers work very closely with the IMF. It’s a financial mafia and the hedge funds are the assassins. Research conducted on Goldman Sachs in the USA and in Europe show how big a mafia it is. They are involved in illegal activity throughout the world.?

Germany is on the side of the Wall Street bankers. Germany doesn’t care about Greece or the euro. The euro replaced a cheap capital in order to uphold competitiveness in its export market. As long as Greece is a problem, the euro falls, which is something that is in Germany’s interest.

The European Union and the euro are competing with the dollar. Unfortunately, the crisis will destroy the euro. The financial terrorists on Wall Street intend to destroy Portugal, and other countries, after Greece. The destruction of the euro will allow the dollar to be the only international currency, the only fiscal reserve. If a country wants to buy petroleum, it must purchase dollars first. If a country wants to buy copper, it must purchase dollars first. Because these and many other commodities are only sold in dollars. This means that the U.S. is making a continuous profit. The whole world is obliged to buy dollars. The euro threatened the empire of the dollar. It was naturally not appreciated by Wall Street bankers. They are using the crisis to destroy the euro. The Greek people must stand up to the bankers, just like the Icelandic people did.”

The reality is that:

Elite (Bilderberg) puppet Merkel urges parliament to give more taxpayer money to Deutsche Bank under pretext of “Greek bailout”

– Germany staggers under bank bailout and souvereign debt

– Faces financial meltdown with Greece

– Banks poised to buy up bankrupted countries

Merkel urges Germany to support Greece with bail-out (BBC News):

“Quite simply Europe’s future is at stake,” Ms Merkel said. “Europe is at a fork in the road.”

Parliamentary approval is needed for the EU and IMF to start disbursing the 110bn-euro ($143bn; £95bn) bail-out.

Elite puppet President Obama, for example, added more to the National Debt in 120 days than all other Presidents did in the past 220 years, yet feels qualified to lecture Americans about ‘fiscal responsibility’.

Gordon Brown and Alistair Darling hail themselves as saviors, who saved the UK from the financial crisis.
What they are really doing is bankrupting the UK and destroying the pound.

UK budget deficit to surpass Greece’s as worst in EU

The majority of the people is still ignorant about what all this dramatically increased government debt and policies like quantitative easing by their central banks (=printing money = creating money out of thin air = increasing the money supply = INFLATION) mean for them.

Here is (again) what it means:

“When a country embarks on deficit financing and inflationism you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
– John Maynard Keynes

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
– Alan Greenspan

“The one aim of these financiers is world control by the creation of inextinguishable debts.”
– Henry Ford

“I place the economy among the first and most important virtues, and public debt as the greatest of dangers.”
– Thomas Jefferson

“There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved.”
– Ludwig von Mises

And Obama knows exactly what he is doing:

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama

After the elite criminals will have bankrupted and collapsed EVERYTHING they will propose the New World Order as the only solution to all the problems that they have created in the first place.

Rise up people (peaceful) … or fall and live as slaves.

Germany should leave the EU and the euro and go back to the German mark, backed with gold.


Professors to challenge Greek bailout legislation in Germany

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Elite puppet Angela Merkel

Karlsruhe, Germany – A group of professors who want Germany to be guided by its national interests promised Tuesday to mount a court challenge this week against legislation on bailing out Greece.

They are to demand Friday that the Federal Constitutional Court declare the legislation a breach of the German constitution.

A spokesman said he would file suit straight after Germany’s parliament is expected to pass a law committing Berlin to a 22.4-billion-euro (29-billion-dollar) share in European Union rescue loans to Athens.

The aid is unpopular among Germans, who say they have had to endure lagging wages, high taxes and retirement deferrals for years. News reports in Germany have portrayed Greece as spendthrift, corrupt and undeserving.

“We’ll hand in the docket at 12 noon and announce why,” said Karl Albrecht Schachtschneider, a retired professor of public law.

He told the German Press Agency dpa he was backed by three economics professors, Joachim Starbatty, Wilhelm Noelling and Wilhelm Hankel, as well as by retired Thyssen chief executive Dieter Spethmann.

Read moreGerman Professors Challenge Greek Bailout Legislation, Declare it Unconstitutional

Greece Accepts Unprecedented Bailout From EU and IMF, ‘Savage’ Cuts

German Chancellor Angela Merkel Says She Was Right on Greece, Winning ‘Unthinkable’ Cuts (Bloomberg):

May 2 (Bloomberg) — German Chancellor Angela Merkel said she was right to demand International Monetary Fund involvement in the Greek bailout over the objections of her European peers, saying it resulted in previously “unthinkable” budget cuts by Greece.

“This is an ambitious program which contains tough savings measures and on the other hand seeks to improve the efficiency of the Greek economy,” Merkel told reporters in Bonn today. “Three months ago it would have been unthinkable that Greece would accept such tough conditions.”

The elitist solution for the financial crisis:

ECB President Jean-Claude Trichet calls for ‘Global Governance’ at the Council on Foreign Relations (Forbes)


Greece Accepts Terms of EU-Led Bailout, ‘Savage’ Cuts

greece-accepts-unprecedented-bailout-from-eu-and-imf-bailout

Olli Rehn, European Union economic and monetary affairs commissioner, right, holds a chart shows which reads ‘ Greece: reducing deficit, restoring growth’, as Jean-Claude Trichet, president of the European Central Bank (ECB), left, looks on as European Union finance ministers gather for an extraordinary meeting in Brussels today. (Bloomberg)

May 2 (Bloomberg) — Greece accepted an unprecedented bailout from the European Union and International Monetary Fund valued at more than 100 billion euros ($133 billion) to prevent default, agreeing to budget cuts that unions called “savage.”

The measures are worth 30 billion euros, or 13 percent of gross domestic product, and include wage cuts and a three-year freeze on pensions, Finance Minister George Papaconstantinou said in Athens today. Greece’s main sales tax rate will rise to 23 percent from 21 percent. The exact bailout amount will be agreed by euro-region finance ministers currently meeting in Brussels. Germany will provide 28 percent of the euro region contribution.

“Greece will be shielded from the international markets and will be able to put its house in order,” Papaconstantinou said in Athens. Prime Minister George Papandreou said “avoiding bankruptcy is a national red line” and the agreement will demand “big sacrifices” from Greeks to avoid “catastrophe.”

Read moreGreece Accepts Unprecedented Bailout From EU and IMF, ‘Savage’ Cuts

Greek Junk Contagion Presses EU to Broaden Bailout – ECB President Jean-Claude Trichet at CFR (April 26, 2010)

At the end of the following article famous investor Marc Faber had to say this:

“The best would be to kick out Greece and the countries that abuse the system,” Faber said in an interview. “They didn’t have the fiscal discipline that was essentially imposed by EU.”

It seems that there are more important things for ECB President Jean-Claude Trichet to do right now than to speak at the Council on Foreign Relations in New York, unless you know that those elitists at Bilderberg, CFR and the Trilateral Commission, that rule the governments, the central banks, the corporations and the media have created this entire financial crisis.

The elite is looting the people in the US, Europe and everywhere else.

The elite is bankrupting the people until they beg for world government and the New World Order.

What could Greece do?

The Solution For Greece (Max Keiser, Matt Taibbi and Catherine Austin Fitts)

Message to the people of Greece: Avoid the IMF like hell, because the IMF is hell.

The people in Greece seem to have a much better understanding of what is happening to them than the people in the US and the UK.


Greek Junk Contagion Presses EU to Broaden Bailout (Update2)

jean-claude-trichet-at-cfr
Jean-Claude Trichet, president of the European Central Bank, speaks at the Council on Foreign Relations in New York, on April 26, 2010. (Bloomberg)

April 28 (Bloomberg) — Europe’s worsening debt crisis is intensifying pressure on policy makers to widen a bailout package beyond Greece after a cut in the nation’s rating to junk drove up borrowing costs from Italy to Portugal and Ireland.

As German Chancellor Angela Merkel delays approval of a 45 billion-euro ($59 billion) Greek rescue, the crisis is spreading. Portugal’s benchmark stock index yesterday fell the most since the aftermath of Lehman Brothers Holdings Inc.’s collapse, while the extra yield that investors demand to hold Italian and Irish debt over bunds remained near yesterday’s 10-month high.

Read moreGreek Junk Contagion Presses EU to Broaden Bailout – ECB President Jean-Claude Trichet at CFR (April 26, 2010)

German troops in Afghanistan call on Angela Merkel to explain why they are at war

angela-merkel-nato
Under pressure: German troops are calling on Chancellor Angela Merkel to tell them why they’re at war in Afghanistan

German soldiers are wearing their hearts on their sleeves – in the form of a badge that protests their country’s involvement in the war in Afghanistan.

Some troops have taken to wearing the cloth accessory that states – ironically – ‘I fight for Merkel’ in a bid to persuade the German Chancellor Angela Merkel to explain exactly what they are fighting and dying for.

Four more troops were killed, and five badly injured, in Afghanistan last week.

Seven soldiers have died there so far this month, bringing the total to 43 in all since they were first deployed eight years ago.

Unable to engage the Taliban directly on the ground, frustrated by their government’s inability to acknowledge they are even engaged in a war and angered by the lack of popular support for their mission, the badges are a low-key mutiny that has sent shock waves through the top brass of the Bundeswehr.

Soldiers were warned this week that it is illegal to sew the cloth patches on to their uniforms.

But that hasn’t stopped them from buying the badges in their hundreds, in desert beige or NATO green, at the ISAF camp at Mazar-e-Sharif.

Read moreGerman troops in Afghanistan call on Angela Merkel to explain why they are at war

Germany’s Bundesbank: Greek Rescue as a Threat to Economic Stability and Probably Illegal; Calls IMF ‘Inflation Maximising Fund’

See also:

Greek Debt Crisis Deepens; Investors Rush to Sell Greek Bonds

The Solution For Greece (Max Keiser, Matt Taibbi and Catherine Austin Fitts)


Germany’s Bundesbank has fired a warning shot at Chancellor Angela Merkel, attacking the joint EU-IMF rescue plan for Greece as a threat to economic stability and probably illegal.

axel-weber-bundesbank
The Bundesbank, headed by ultra-hawk Axel Weber, said the decision to bring in the IMF makes matters worse, arguing that the EU would impose tougher budgetary discipline. Photo: Reuters

Leaked extracts from an internal report appeared in the Frankfurter Rundschau and may have contributed to a fresh day of mayhem for Greek bonds. Investors were already digesting reports that Greek residents had shifted €10bn (£8.8bn) abroad over the first two months of the year.

The yield on two-year Greek bonds surged by 136 basis points in early trading to 8.3pc, up from 5.2pc last week. The market stabilised later as Athens announced a 40pc cut in the budget deficit over the first quarter, suggesting that austerity measures are bearing fruit.

The Bundesbank document offers a withering critique of the deal agreed by EU leaders two weeks ago, saying the plan had been cobbled together without consulting central banks and will lead to monetisation of debt. “It brings problems in respect to stability policy that should not be underestimated.”

The joint rescue between the IMF and the EU would turn the Bundesbank into a “money-printing machine” for the purchase of Greek bonds, according to Rundschau. This would breach the EU’s ‘no-bail clause’.

Hans Redeker, currency chief at BNP Paribas, said the report greatly strengthens the hand of EMU critics in Germany. A group of professors is already itching to file a complaint at the constitutional court to block the Greek rescue. “This reduces Merkel’s room for manoeuvre to zero,” he said.

The Bundesbank, headed by ultra-hawk Axel Weber, said the decision to bring in the IMF makes matters worse, arguing that the EU would impose tougher budgetary discipline.

The report mocked the IMF as the “Inflation Maximising Fund”, saying the body had gone soft under Dominique Strauss-Kahn, a French socialist and Keynesian. It has shifted focus from fiscal cleansing to “growth-oriented” financial policies. “Currency reserves from the Bundesbank cannot plausibly be made available for such purposes,” it said.

Read moreGermany’s Bundesbank: Greek Rescue as a Threat to Economic Stability and Probably Illegal; Calls IMF ‘Inflation Maximising Fund’