Sunday, November 13, 2011

Kill your saviour: currencies’ crisis is looming

Published 1 June 2010 (!!!)

If politically invincible Berlusconi is forced out by the, so-called, "financial markets" it's clear something profound is going on. Not to feel sorry for Berlusconi, but it looks like financial fraudsters took over the running of the democracies. It's likely to lead to a sorry end. This article was written well over a year ago and it reads as if it was written today. It's mind boggling that MSM, BBC, FT, The Economist, politicians and policy makers are so late discussing the real issues. What they discuss today - the risk of eurozone break out - was the issue over a year ago. Are all these guys intellectually deficient or, possibly, supporting this massive financiers scam, the 'largest heist in history"? We have to gear up for a nasty result of this mess: this is what we must discuss now.

Posted by ant @ 09:27 AM (2032 views)
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14 thoughts on “Kill your saviour: currencies’ crisis is looming

  • its becoming clear that leaders of countries went on a spending spree to end all spending sprees and benefitted financially..directly or indirectly

    now its all gone wrong,they want to 99% of ordinary people to pay for it.

    THAT is why we have social unrest,which will continue until this fraud is addressed and people prosecuted

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  • Yep, where are all the pundits: all these mainstream media with their experts? Do they not understand that they look at best incompetent, and – making a reasonable judgment – quite retarded?

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  • Prescience? Depends whether you regard the euro crisis in Pytel’s terms as primarily a continuation of the pyramid scheme or as primarily the result of an inherent weakness of governments that haven’t got their own central banks. People have been predicting the collapse of such governments for the last 20 years http://pragcap.com/mmt-the-euro-the-greatest-prediction-of-the-last-20-years

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  • 2012 Mayan prophecy, seems to be stacking up nicely, end of money & new beginning etc..Let’s wait,see & Enjoy the ride.. 🙂

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  • @icarus: you should realise that there are revolving doors between people on top of the political world and on top the financial world. This is effectively the same group of people (e.g. Tony Blair: Senior Advisor to JP Morgan but also… ex Prime Minister of the UK; this is a very representative example). So it is a nonsense to distinguish between the bankers and political decision makers (who, supposedly, made mistakes). No there were not mistakes, my dear. This is what the free market capitalism (as it used to be) degenerated into. A thieving and corrupt system designed to fleece the middle tax payers for the benefit of the elite. (Those who laugh out conspiracy theories should reflect that conspiracy exists and is quite popular. Otherwise it would not have been defined specifically in law, but dealt with under common law as general dishonesty, which incidentally it is as well. The legislators would not have spent time to legislate against a crime of conspiracy if it was not a social problem.)

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  • “There is a perverse, sinister side of this process: the very same bankers and financiers whose institutions (i.e. the vehicles of their actions and source of rather exuberant income; this must not be confused with proper ownership, shareholding) were saved from spectacular collapse with “stimulus packages” are now using their institutions, saved by taxpayers’ money, and taxpayers’ money to attack the budgets of governments (i.e. taxpayers).”

    Yep, that pretty much says it all. Jon Stewart put a humourous spin on it — not that this made it any less perverse — around the same time in 2010. If you are in the UK, you need to watch using a Firefox browser with an add-on that let’s you get around the block put on here (just google “how to watch the Daily Show in the UK” and you’ll find it).

    http://www.thedailyshow.com/watch/thu-may-13-2010/hoarders

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  • ……and the technocrats that are being put in charge all have links with the investment banks that caused the problem in the first place. Greece would never have got into the euro without Goldman Sachs’ dishonesty.

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  • ant – there are problems inherent in a currency union where sovereign states have no control over their curency and this is the major problem with the eurozone. There’s no point in conflating this with the financial and economic problems of states with their own central banks and saying it’s all down to a corrupt elite with a timeless agenda. Of course there’s corruption and gravy trains, compliant media and ‘experts’ who get to the microphone only because the powerful like the noises thay make etc. etc., But if you think it’s all one big scheme you have to explain who designed it (Rothschilds? Bilderberg?) and when. At what point was the plot conceived and were the euro enthusiasts of 20 years ago in on it? Did they design the eurozone with bankers’ benefit in mind (or was it designed for some other selfish group – German exporters perhaps?). And if the eurozone is a means for banking and political elites to fleece the rest of the population why didn’t the British elites join in the game?

    If you say that bankers’ schemes blow up economies and bankers try to take the money and run then I agree. If you say they buy politicians in order to live off taxpayers, or that bankers are behind the austerity measures that are sending the Eurozone into a double-dip recession or worse I’ll buy that too. Buy analysis goes out of the door when you say it’s all down to a grand scheme. Conspiracy? Lots of small ones, no Big One.

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  • You wrote: “But if you think it’s all one big scheme you have to explain who designed it (Rothschilds? Bilderberg?) and when.”

    I do not think that the law deals with a crime of conspiracy to defraud in order to give inspiration for amateurs and enthusiasts to act. My view is that this should be dealt with by professional law enforcement agencies. The starting point is that the financial system was turned to and is being run (from legal and technical perspective) as a giant global pyramid scheme. And pyramid schemes are highly illegal. One may believe that such pyramid scheme was created by accident (then would have to deal with the issue of gross negligence and massive widespread incompetence in the financial industry). Therefore it seems more plausible to choose as a point of departure for any investigation that the massive global pyramid scheme was designed and executed by top decision makers in the financial industry (and politics).

    BTw, it seems to me that the eurozone was designed by idiots and hijacked by the fraudsters as a perfect vehicle for executing a global pyramid growth.

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  • “designed by idiots and hijacked by fraudsters” – supports my point that incompetence and opportunism as well as conspiracy with a small c are all in the mix and refutes your earlier post that there are grand designs and no mistakes.

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  • What icarus said @8. But it does make you wonder about how the likes of GS have spread their influence throughout the financial industry and into the political arena.

    Beware the ‘unknown unknowns’!

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  • Corporate Capitalism, isn’t it just about stealing that which belongs to everyone and then selling it back to them in a currency which you control, and then you go awol and lose control of the beast that you created. So you have to create another beast and so on and so forth, etc, etc, me old chaps whato!

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  • @10, icarus: I broadly agree. However I would leave it to a professional investigation to decide how big this ‘c’ is. I have, frankly, no preconception.

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  • world economy around $65 trillion

    derivitives are about $645 trillion

    so money that does not exist is 10 x world gdp

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