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.)


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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

House Committee on Homeland Security Seeks Cooperation from Max Keiser on Financial Terrorism

Can’t make this up!


Here is an email from a member of the House Committee on Homeland Security to Max Keiser regarding Financial Terrorism. Both the email and Max Keiser’s response had me laughing my head off.

Hi Mr. Keiser,

My name is Chris Beck and I work on the staff of the House Committee on Homeland Security in Washington, DC. I have been reading and listening to you regarding the May 6 stock market plunge and the likelihood that this was an act of financial terrorism. I think this is a huge issue that has not been given enough attention, and may warrant oversight by our committee. I would greatly appreciate the chance to talk to you to make sure I understand the nuts and bolts, and to figure out what avenues may be available to correct what appears to be a massive fraud that could undermine U.S. National Security. Can you please contact me and let me know if you are available to talk?
Thank you,
Chris

Chris Beck, Ph.D.
Senior Advisor for Science and Technology
House Committee on Homeland Security

I asked Max Keiser how he responded.

Max Replied “I told him to investigate this financial terrorist crime happening right now! in real time!

Max went on to say …

I think it’s really incredible how clueless these people are.

Given the recent track record of corrupt regulators in D.C. it’s not hard to imagine that Chris Beck is wittingly or unwittingly just bird dogging intelligence that will be fed to Goldman and used to package ever more exotic Financial Terrorist weapons.

My position is the government IS Goldman and any info gleaned by this type of thing will end up helping no one BUT Goldman.

Here is the video that Chris Beck was responding to. Play the first few minutes of it. It will have you rolling on the floor.

I am also told that homeland security was interested in talking with David DeGraw about his post on Market Oracle Financial Terrorism Operations: 9/29/08 & 5/6/10.

This reads like a spoof straight out of The Onion, but I have phone numbers and email address and a chain of emails to verify.

Read moreHouse Committee on Homeland Security Seeks Cooperation from Max Keiser on Financial Terrorism

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

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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)


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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!)

Hedge Funds Bet Europe’s $1 Trillion Bailout Won’t Solve Crisis, Forecast Jump in Inflation, Buy Gold

John Paulson, who made $15 billion betting on the subprime trade, is one manager who may not be replicating the CDS trade he used three years ago. Earlier this month, in a conference call with investors, he called Europe’s debt problems “manageable.”

A weaker euro will benefit French and German exporters, he told clients. Like Bass, he’s been forecasting a jump in inflation, which is why he’s been a buyer of gold and gold producers since at least last year.


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J. Kyle Bass smiles in the office of his company, Hayman Capital Partners, in Dallas. (Bloomberg)

May 19 (Bloomberg) — Kyle Bass, who made $500 million in 2007 on the U.S. subprime collapse, is betting Europe’s debt crisis won’t be solved by the $1 trillion loan package the International Monetary Fund and European Union agreed on last week.

“The EU and the IMF effectively went all-in with a bad hand in the highest stakes game of financial poker ever played with the world,” wrote Bass, head of Dallas-based Hayman Advisors LP, in a letter to clients sent after the bailout was announced.

Bass bought gold last week and took other steps to position the fund for hyperinflation and a “competitive devaluation” by Europe, Japan and the U.S. that he is forecasting, according to the letter. Christopher Kirkpatrick, general counsel for Hayman, declined to elaborate on the comments.

Read moreHedge Funds Bet Europe’s $1 Trillion Bailout Won’t Solve Crisis, Forecast Jump in Inflation, Buy Gold

Germany, France May Hurt AAA Ratings in ‘Ponzi Game at The Highest Level’

This bailout is a Ponzi scheme and the people will foot the bill:

Here Is Who Just Got Their A$$ Saved By The Huge Euro Bailout (Business Insider)

Federal Reserve Opens Line Of Credit To Europe (AP)

Stephen Pope of Cantor Fitzgerald on ECB buying government bonds: ‘This is total, undiluted quantitative easing.’ (Forbes)

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


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The Deutsche Bundesbank. (Bloomberg)

May 11 (Bloomberg) — Germany and France are among top- rated euro-area states that may compromise their AAA grades by standing behind the debts of weaker members with their 750 billion-euro ($955 billion) stabilization fund.

The package is “making debt profiles deteriorate, potentially damaging the ratings of core sovereigns,” said Stefan Kolek, a strategist at UniCredit SpA in Munich. “It’s a kind of Ponzi game at the highest level.”

The unprecedented loan package was designed by the European Union and the International Monetary Fund to halt a sovereign- debt crisis that threatened to push Greece, Portugal and Spain into default and shatter confidence in the euro. As part of the support plan, Germany’s Bundesbank, the Bank of France and the Bank of Italy started buying government bonds yesterday.

Bonds of Portugal, Spain and other deficit-plagued nations on Europe’s periphery soared yesterday and bunds — the safe haven for holders of European government bonds — weakened as the threat of a Greek default receded. The cost of insuring against sovereign losses using credit-default swaps tumbled yesterday, with contracts on Greece sliding 370 basis points, their biggest one-day decline, to 577, according to CMA DataVision.

Read moreGermany, France May Hurt AAA Ratings in ‘Ponzi Game at The Highest Level’

Here Is Who Just Got Their A$$ Saved By The Huge Euro Bailout

Guess who will pay for this bailout? That’s right. You will pay for it all.

See also:

Federal Reserve Opens Line Of Credit To Europe (AP)

Stephen Pope of Cantor Fitzgerald on ECB buying government bonds: ‘This is total, undiluted quantitative easing.’ (Forbes)

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


european-central-bank-ecb

So Europe announced its gigantic bailout last night, consisting of a fund worth nearly $1 trillion, alongside ECB quantitative easing.

Stocks are going nuts. Dow futures are up nearly 400 points.

But the real winning market is the CAC-40, the French index. It’s up 9%. That’s because French banks were among the most exposed to Greece, and now they just got their butts saved.


French banks represent over 25% of claims. That’s why the CAC-40 is up 9%.

french-banks-represent-over-25-of-claims-thats-why-the-cac-40-is-up-9

Banks: Swiss banks represent over 20% of claims

banks-swiss-banks-represent-over-20-of-claims

German banks represent close to 15% of claims. Germany’s market is rallying big.

german-banks-represent-close-to-15-of-claims-germanys-market-is-rallying-big

Read moreHere Is Who Just Got Their A$$ Saved By The Huge Euro Bailout

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

Top Soviet Commander: USSR came close to defeat by Nazi Germany

An interview in which a Soviet commander admitted how close Moscow came to defeat by Germany during the Second World War has been broadcast in Russia for the first time.

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Russian General Georgi Zhukov (centre) and his officers near the Seelower Hoehen battlefields in April 1945 Photo: AFP/GETTY IMAGES

The Soviet Union nearly lost the war in 1941 and suffered from poor planning, according to Marshal Georgy Zhukov in the frank television interview that has been banned since it was recorded in 1966.

Zhukov, the most decorated general in the history of both Russia and the Soviet Union, admitted that Soviet generals were not confident that they could hold the German forces at the Mozhaisk defence line outside Moscow.

“Did the commanders have confidence we would hold that line of defence and be able to halt the enemy? I have to say frankly that we did not have complete certainty.

“It would have been possible to contain the initial units of the opponent but if he quickly sent in his main group, he would have been difficult to stop,” he told the interviewer, the Soviet writer Konstantin Simonov.

Zhukov also revealed details of his exchanges with Joseph Stalin, the wartime leader, in the interview broadcast on state-run Channel One.

He recalled that a flu-struck Stalin summoned him to Moscow in October 1941 to salvage what until then had been a stuttering defence on the Western front outside Moscow.

After arriving at the front, Zhukov found that the defences in place were “absolutely insufficient”.

“It was an extremely dangerous situation. In essence, all the approaches to Moscow were open,” he said. “Our troops on the Mozhaisk defence line could not have stopped the enemy if he moved on Moscow.”

“I telephoned Stalin. I said the most urgent thing is to occupy the Mozhaisk defence line as in parts of the Western front in essence there are no (Soviet) troops.

Shortly afterwards, Stalin phoned Zhukov back to inform him he had been made commander of the Western Front.

Read moreTop Soviet Commander: USSR came close to defeat by Nazi Germany

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