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Summary: The first phase of the financial crisis, which was launched by the Clinton Administration and cannibalistic Wall Street banksters was the impoverishment of ordinary people, who lost everything: houses, jobs, savings. And when they found no more prey, the banksters began eating each other. We are now in the 2. phase where the odds are bigger: The ruining of endebted countries, who have to sell their assets to the banksters at basement prices. Thereby, the bankstersare enriching themselves once more on the backs of their fellow-humans, whom they forced to give their tax payer money to enrich the banksters after the first phase (bail-outs) – and who now are about to lose their pensions and social states – as the banksters take over nations´ sources of revenues. The EU is a clever trap of the banksters, who are closely associated with the EU, the World Bank and the IMF. For the EU binds their minions, “our” politicians, to a pact which is to pour money into the bottomless holes of the PIIGS countries, giving up the economic sovereignty of their nations entirely. So in the end, the well-to-do EU countries will also be depleted of money which never flows into the economies of EU states – but is just used to pay interest rates to the Wall Street vultures, who thus generate more debt and poverty. As the most suffering countries realize this construction their populations are becoming more and more rebellious. However, the “International Community” is prepared with gendarmerie and domestic military forces to quell regular rebellions.
Goldman Sachs gave Greece a secret loan to enable her to join the euro. However, in return Goldman Sachs took Greece´s sources of revenues – dooming her to default at the cost of the EU. Greece is worst hit – but similar arrangements are said to have been made with the other EU countries.
For example this year, global capitalists are slated to acquire 84 percent of OTE, the Greek telecommunications provider. In addition, private bankers will assume 66 percent ownership of the Greek Postal Savings Bank; 51 percent of the National Lottery; 60 percent of the Salonika Water Authority; 68 percent of DEPA, the natural gas utility; and 25 percent ownership of the ports of Piraeus and Salonika.
Next year, the capitalist grab for public property increases in intensity with Athens International Airport coming under 79 percent private ownership. The global capitalists will also obtain 100 percent ownership of the Egniata toll motorway; 60 percent of Hellenic Post; 66 percent of OPAP, the state-run video-lotto and online sports betting firm; 73 percent of the Athens Water Authority; 83 percent of DEI, the Greek Electric Authority; and 51 percent of the Greek Regional Airports Authority. Massive sell-off lists of public property are now also being drawn up by the governments of Portugal, Spain, Italy, and Ireland. In the United States, there are calls for the privatization of the US Postal Service, Social Sec.
Libya expects similar arrangements.
To speed our ruin, the EU wants to epand its budget to above 1 trillion euro. For that reason, the EU wants to levy direct taxes on us (financial taxes, VAT). Besides, in order to promote its CO2-utopia, the EU will tax every energy supply not already made unnecessarily more expensive by the ETS-stock exchanges, which bestow so fat salaries on the banksters. Barroso lies when he says that the CO2-tax is to be higher for fossil than bio-fuels, the latter emitting less greenhouse gas. Yet another study by the Institute for European Environmental Policy (8. November 2010) finds that the use of additional conventional biofuels up to 2020 on the scale anticipated in the 23 NREAPs would lead to between 80.5% and 167 % more greenhouse gas emissions than meeting the same need through fossil fuel use. But no matter how much austerity and poverty the EU imposes on its populations it is simply not enough. No wonder: “We are now implementing the new system of European governance,” commission chief Jose Manuel Barroso proclaimed in the European Parliament in Strasbourg. How can they get away with it? The right, which also controls the three European institutions, feels increasingly confident that the growing number of strikes and protests are an unrepresentative irrelevance. Most citizens approve of the strategy of austerity, they believe. Speaking to reporters on Tuesday, Barroso crowed how in his native Portugal that parties that rejected austerity had been trounced in the recent general election. The thread running through almost all the recommendations is that the masochism (and sadism) must continue. And they can do so, because our media are brainwashing us day in day out to accept the costs not only due to the economicallt completely untenable euro – which at some time will be replaced by an even more disastrous world currency – but also a more and more costly immigration of backward people as well as the EU´s climate ambitions, which amount to no more than pillaging and world government.
Now, even the European Central Bank which has taken on it the guarantees of the rubbish loans is about to default – unless EU tax payers pay all those loans that defaulting EU members are unable to pay. And where does the money go? Correct to Wall Street and the London City vultures controlled by Rothschild.
Never in my memory has USGovt leadership been so disrespected. Never has Wall Street been so culpable for financial ruin, yet still in power running the USGovt finance ministries.
The financial/economic crises was started by smart Wall Street banksters in 2008, selling fraudulent subprime mortgages – even bundling them and cutting them into tranches (Credit Default Swaps) and selling those products to privates and other banks as well as to insurance companies. Alone the name of the product should have been a warning. No one could judge the financial quality of those subprime mortgages. It was all inspired by the Clinton administration who demanded the banksters to give mortgages to insolvent citizens. Some big banks went bankrupt (The governmental banks Fannie Mae und Freddie Mac, the Lehman Brothers, the Washington Mutual Bank, and Bear Stearns). They were swallowed by the bigger Wall Street sharks, in Particular JP Morgan, at basement prices with money from JP´s partners, The Federal Reserve and the US Treasury (Hank Paulsen being a former Goldman Sachs CEO), who liberally paid these fraud banksters taxpayer money for their skilled robberies. At the same time, small savers lost everything – including their homes. Here is a long list of their crimes – and Pres. Obama is also bought by them.
The next “victims” were countries like Greece, who had entered the euro under false pretences, having a loan from Wall Street Bank, Goldman Sachs, to bring its debt down to the 60% of the GDP allowed by the EU. In return a secret agreement was made that Goldman Sachs was to have Greek State proceeds from lottery, airports etc. – this being left off the book. The same transactions were made with governments all over Europe. The EU is said not to have known about this, which I doubt. Today Greece is the jumping board for the EU and the big banks to pillage European taxpayers for Greek bail-outs. At the same time Greece is the model for pillaging Ireland, Portugal, Spain – and in the end all of Europe being depleted of money to pay for the defaulting PIIGS countries – in particular of their gold reserves – and others like perhaps Belgium, too as well as for the CO2–climate fraud and a financially extremely heavy immigration burden. The European Council fears, that Italy is now about to follow Greece, Ireland and Portugal. Then the controller of the Wall Street bank corporations, Rothschild, ( through JP Morgan and its Chase Morgan, the Goldman Sachs, and Morgan Stanley, the FED – and see this FED-ownership list – has Europe with poor, robbed people in the firm grip of the “International Community”. And then they will force such defaulting states to sell their land to get money. Right now Greece has 6 islands for sale: six islands on sale are Lihnari, Kaltsonisi, Amorgos, Kardiotissa, Nafsika and Vouvalo – to be bought by Turks first and formost. The Central Banks are controlled by the same dynasty that controls Wall Street, The Federal Reserve and the London City.
Not a cent of the EU and IMF loans to Greece is flowing into the Greek economy. All the money is flowing back into banks as interest on former loans (Video above) . The Greek only feel the increasing austerity due to more and more debt – which leads to more rebellion.
The Daily Mail 29 June 2011: Parts of the Greek capital were ablaze and dozens were injured as youths hurled rocks, bricks and petrol bombs at police, who responded with baton charges and tear gas.
Everyone from doctors and ambulance drivers to casino workers and even actors at a state-funded theatre stopped work yesterday to join the strikers or held stoppages for several hours. The rioting came as the Greek parliament debated a £25billion austerity package demanded by the European Union. Without a new plan in place, the EU and International Monetary Fund say they will withhold around £10billion in euro loans that Greece needs to repay debts in mid-July. However, polls suggest up to 80 per cent of Greeks oppose the measures. The money is coming from a newly established EU financial Institution called the “European Stability Mechanism”(in German), having 700 bn. euro at its disposal – to be guaranteed by EU countries within and outside the Euro zone.
Intrepid Report 15 June 2011 – Wayne Madsen: What lies in store for Greece, Portugal, Spain, Ireland, Italy, and, in short order, the United States, is the wholesale sell-off of public property to private corporations at bargain basement prices. What the despots who gather in their secretive lairs at Davos, Cernobbio, Bilderberg, and G8/G20 are bringing about is a world where no property is owned by the state, which by default means the people. Total corporate control over every facet of life equals extreme fascism.
The vampire capitalists have the full backing of the International Monetary Fund, European Commission, and the European Central Bank. For example, this year global capitalists are slated to acquire 84 percent of OTE, the Greek telecommunications provider. In addition, private bankers will assume 66 percent ownership of the Greek Postal Savings Bank; 51 percent of the National Lottery; 60 percent of the Salonika Water Authority; 68 percent of DEPA, the natural gas utility; and 25 percent ownership of the ports of Piraeus and Salonika.
Next year, the capitalist grab for public property increases in intensity with Athens International Airport coming under 79 percent private ownership. The global capitalists will also obtain 100 percent ownership of the Egniata toll motorway; 60 percent of Hellenic Post; 66 percent of OPAP, the state-run video-lotto and online sports betting firm; 73 percent of the Athens Water Authority; 83 percent of DEI, the Greek Electric Authority; and 51 percent of the Greek Regional Airports Authority. Massive sell-off lists of public property are now also being drawn up by the governments of Portugal, Spain, Italy, and Ireland. In the United States, there are calls for the privatization of the US Postal Service, Social Security, and Medicare. Above all, ruthless Goldman Sachs is responsible for the fraud behind Geece´s admission to the EU: A secret loan to reduce Greek debt – in return for the country´s revenues.
One Libyan government official spoke to in Tripoli to this reporter during an intensive NATO bombing assault and opined that the same fate is in store for his country. With the highest standard of living in Africa, Libyans could witness the U.S.- and NATO-backed rebel government begin to sell off Libyan government assets to global capitalists. The Libyan official said, “These people [global bankers] would sell the air if they could get away with it.”
Similar Measures as in Greece would crush German economy.
Spiegel 1 July 2011: Within just five years, the Greeks want to cut spending by the equivalent of 17 percent of their total GDP in 2010.
Applying this to Germany would amount to a savings goal of €425 billion — a gigantic sum that would mean the complete collapse of the German economy.The kind of chaos that would cause if public wages were slashed is unimaginable. Social Unrest would be Inevitable
The EU wants to levy direct taxes from us
EurActiv 30 June 2011: The European Commission yesterday (29 June) presented long-awaited proposals for the EU’s next seven-year budget (2014-2020). In a bid to reduce national contributions, the Commission suggested levying new taxes directly, a proposal that was strongly rejected by the UK, which labelled it “unrealistic”. The first option would be to tap into a European Financial Transactions Tax (FTT). Moreover, the EU executive suggested introducing a direct Value Added Tax (VAT) at EU level, shifting the burden from member states to taxpayers.
In a working document published in October, the Commission said that if the EU VAT was applied at a 1% rate across the EU, “combined with elimination of the existing VAT-based resource,” it would bring around €41 billion a year to the EU’s coffers.
José Manuel Barroso, president of the European Commission, proposed to increase the EU budget from the current €976 billion to €1.025 billion for the next seven-year period, which starts in 2014. This represents a 4.8% increase, which is beyond the average 2% inflation recorded in the last decade. Two new areas will benefit from significant new sources of funding – the EU’s External Action Service (EEAS), which was introduced after the Lisbon Treaty, and home affairs, which includes border control, security and immigration.
However much austerity has been imposed by EU member states, it is simply not enough.
EUOBSERVER / ANALYSIS 9 June 2011: “We are now implementing the new system of European governance,” commission chief Jose Manuel Barroso said in the European Parliament in Strasbourg. From intervening in collective bargaining to cut wages, to making it easier to fire workers, to a shift away from progressive taxation, through the new system, the EU hopes to utterly transform its member-state economies to be more competitive with the likes of the US, China and emerging economies. Early retirement should also be phased out. Brussels has also called for taxation in general to be shifted away from labour, where the higher the income, the higher the rate paid, and onto consumption, where everyone pays the same rate, regardless of income levels. Such efforts will not be easy to implement in many places.
In Athens big strikes against the only regulatory mechanism of the economy under the EU, austerity – and more austerity – are continuing. That country has lost its capability to devaluate its currency and to raise interest rates
Deutsche Welle 15 June 2011: All 27 states submit their budgets and broader economic plans to the commission – before they are submitted to national parliaments (‘European Semester’)- to see if they are sufficiently rigorous. Then in June, in the current and penultimate step in the process, the commission gives its appraisal of these plans, setting out what must be corrected, a series of recommendations that must also win endorsement from the European Council. Over the following 12-18 months, governments must put in place all the changes ordered by the Council-Commission duo.
If countries are in the eurozone, this oversight is backed up by the imposition of stiff fines for delinquent governments up to a maximum of 0.5 percent of GDP. For an economy the size of Spain, such a fine would amount to €5.25 billion. The commission did however acknowledge the anger regular Europeans feel at the austerity and liberalisation that has already been imposed in response to the crisis, but argues there is no alternative and that these changes should have been made years ago. The right, which also controls the three European institutions, feels increasingly confident that the growing number of strikes and protests are an unrepresentative irrelevance. Most citizens approve of the strategy of austerity, they believe. Speaking to reporters on Tuesday, Barroso crowed how in his native Portugal that parties that rejected austerity had been trounced in the recent general election.
The thread running through almost all the recommendations is that the masochism must continue. A list of demands to the economic policy of each country is given
The European Central bank in grave Danger
Spiegel 24 May 2011: Since the beginning of the financial crisis, banks in countries like Ireland, Portugal, Spain and Greece have unloaded risks amounting to several hundred billions of euros with central banks. The central banks have distributed large sums to their countries’ financial institutions to prevent them from collapsing. They have accepted securities as collateral, many of which are, to put it mildly, not particularly valuable.These risks are now on the ECB’s books, because the central banks of the euro countries are not autonomous but part of the ECB system. When banks in Ireland go bankrupt and their securities aren’t worth enough, the euro countries as a whole must account for the loss.
The Daily Mail 26 Jan. 2011: Mervyn King painted a picture of the nightmare facing millions of workers because of the toxic combination of soaring inflation and pay freezes or paltry pay rises. Families are being crippled by the biggest squeeze in their finances since the 1920s. In his first speech of the year, Britain’s most powerful banker admits many households are suffering misery, saying: ‘It is hardly surprising that unhappiness describes the reaction of many.’
Corporate taxes and their impact on research and development
EU Press Release 11 Apr. 2011 Algirdas Šemeta, EU Commissioner: The fragmentation of the Single Market with 27 divergent corporate tax schemes is a serious obstacle for businesses, leading to over-taxation and high compliance costs. In order to improve this situation, the Commission proposed last month to offer businesses a common way to compute and consolidate income tax bases in the EU – the Common Consolidated Company Tax Base or CCCTB.Furthermore, it would mean that cross-border loss relief would be allowed within the group, eliminating current situations of over-taxation.
European Carbon Tax
The day after tomorrow, the Commission will discuss a proposal to put in place a common EU framework for energy and CO2 taxation allowing Member States not only to make their tax systems “greener” but also to ensure that they foster growth and employment. 1. it will introduce two elements in the rate structure: one element based on CO2 emissions and another based on the energy contents of each product. Taxation will then be based on objective (mendacious) criteria and will provide for a consistent treatment of the energy sources and energy consumers.
2. by introducing a CO2 element in the taxation of energy products, it will provide a framework for Member States to apply CO2 taxation in all areas where the EU Emission Trading System does not apply. 3. it will ensure an adapted framework for the taxation of renewable energies, in particular biofuels, reflecting their lower CO2 emissions and energy content.
Our objective is less about introducing a new tax than about restructuring energy taxation (with a CO2-tax element) so as to meet the EU’s high priority goals of climate change, energy efficiency and fair competition. It will also be an opportunity to reflect on environmental taxation as a potential candidate in the endeavour to shift tax away from labour.
Here it is being admitted by the EU: The agenda of climate policy is to pillage and subdue us, which bring enormous bonuses to the banksters. For this policy any lie is usable, e.g. that biofuel reduces the emission of greenhouse gases.
A study by the Institute for European Environmental Policy (8. November 2010) finds that the use of additional conventional biofuels up to 2020 on the scale anticipated in the 23 NREAPs would lead to between 80.5 percent and 167 precent more greenhouse gas emissions than meeting the same need through fossil fuel use. But this is simply neglected for the NWO ideology:
“We are now implementing the new system of European governance,” commission chief Jose Manuel Barroso says. And this system is based on lies.
The case of Greece demonstrates not only the actual character of the EU led by the old Maoist, José Barroso on behalf of capitalism! – but also of the corporate New World Order: The nations are to give up their assets, their sources of revenues, to the Rothschild banks, one by one, a tendency started in Rio in 1992 with Rothschild´s Global Environmental Facility. As Wayne Madsen correctly writes: all property belonging to the state/the people is being taken away to be transferred to Rothschild´s corporations. Total corporate control over every facet of life equals extreme fascism.” And after the PIIGS countries will follow the defaults of states obliged to pay the debts of rhe PIIGS states. So, all of Europe´s assets – and those of the US, too, will be windfalls to the owners of the bank corporations – already are in fact. And of course such a thing will only happen after the peoples are unable to pay the increasing taxes levied on a national as well as on EU level to pay the banksters. What the populations feel is ever increasing austerity to bring about a 2 class system of a super rich caste of about 7000 corporation owners and their minions on one side and a populace of subdued proletariats on the other side. The middle class will disappear according to plan in this Agenda 21 nightmare. Revolutions will be crunched by police forces, gendarmerie like the Eurogendfor with a licence to kill and the US Homeland security´s National Guard and regular troops of the Northern Command or the Eurofor/ESDP. But mankind will love its bondage.