Posted on 02/17/2012 6:04:10 PM PST by Lowell1775
If you lack something and can, get it now.
The Greek people have taken to the streets stating irrevocably that they don’t think they should be impoverished for a generation or more to make good on bad loans made by international bankers....
If the Greek deal falls through, or Greece defaults and walks away from the debt…..it burns $340 billion out of European bank equity. It also causes nerves to fray on the debts of Spain, Italy, Portugal, and even France…..all countries with far larger debts and therefore larger threats to the equity of the European banks......
Now....we find World Bank President Robert Zoellick stepping down in June. Zoellick has led the World Bank’s efforts during the global financial turmoil that started in 2008......
Hillary Clinton is seen as the first choice to replace him......
Dragging the fate of Greece out and the change in faces all seems conveniently timed, along with rising oil prices and threatened $6 a gallon gasoline in June, to ignite another financial and political meltdown like 2008 to influence our November elections……or perhaps even postpone them.
Neither the US nor the Europeans have made any indication whatsoever that they realize how unstable the debt monstrosity they have created has become. And none of the budgets in any of the developed world show the type of drastic cuts in expenses or increases in revenue needed to bring the debt balances back to manageable levels. All the major countries are going FURTHER into debt every day and often, as with the United States, at an accelerating rate.
.....right now the most likely trigger for serial defaults by the European countries is an Israeli-Iranian war spreading to involve the US, Russia and China. Now that would make mere economic hardship and hyperinflation seem like the good old days!
(Excerpt) Read more at opensourcesurvival.com ...
Author reminds us: "......none of the budgets in any of the developed world show the type of drastic cuts in expenses or increases in revenue needed to bring the debt balances back to manageable levels. All the major countries are going FURTHER into debt every day and often, as with the United States, at an accelerating rate."
I think we need to turn in our player pieces and start the game over again.
“Hillary Clinton is seen as the first choice to replace him.”
WHY?
Loans made by international bankers, to the government of Greece, so that the government of Greece would have money to pay ... the Greek people who are now taking to the streets protesting repaying those loans from which they benefited.
And how is it good news that China may be willing to loan the European Union MORE money so they can bail Greece out?
Oh Lord. It is worse than the author says.....
http://www.guardian.co.uk/world/richard-adams-blog/2012/feb/15/world-bank-president-clinton
Hillary now staying as Sec of State and Uncle Bill Clinton throws hat in ring.
All we need now is Soros as head of UN and our doom is complete.
Well she did turn $10,000 into how much before her husband was elected to office, you know the office he defiled.
Could the trillions in bogus bonds that have been found be a part of what is keeping the DOW up? volume is abnormally down since the beginning of the year and fake money, other fake money not the junk Bernanke is printing, could be what has been driving the DOW for some time now...
Just a thought.
Actually it was $1000 into $100,000
“economists from the University of North Florida and Auburn University investigated the odds of gaining a hundred-fold return in the cattle futures market during the period in question. Using a model that was stated to give the hypothetical investor the benefit of the doubt, they concluded that the odds of such a return happening were at best 1 in 31 trillion.”
Well, apparently she is good at managing money. I hear she once made $100,000 by investing $10,000 in cattle futures.
I read that Iceland’s debt was upgraded to BBB- or whatever the lowest investment grade was - that it’s economy is improving. They didn’t bail out their banks and now are improving.
They did what we should have done.
I believe we are purposey bing pushed into this box by the actions of our elected officials and the fraud and chiefs actions and policies. This is planned
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