The EU Meltdown is it all bad? and is the IMF the solution or the problem?

European Debt Crisis Spiraling Out of Control, Will Greece Be Europe’s Lehman Brothers?
Economics / Global Debt Crisis
May 01, 2010 – 08:15 AM
By: Justice_Litle

MORE DOOM SAYERS AND SCAREMONGERORS ABOUND ,THE END OF THE WORLD IS NIGH!!!

The Greek debt crisis now threatens to spiral out of control – in spite of IMF rescue efforts – and the fate of the entire eurozone is at stake.
The Greek debt crisis is serious… deadly serious. Those who still think the situation will turn out okay – that it will “blow over” – are clinging to foolish hopes, just as they have done at great cost in the past.
And what do I mean by “deadly serious?” Put it this way. The world may soon face the credible threat of systemic collapse for the entire eurozone.

ITS THE END OF THE EURO AND THE EUROZONE

I’m not kidding here. It’s important that you get you a mental handle on this.

“Investors are abandoning the euro at a rate not seen since the collapse of Lehman Brothers Holdings Inc.,” Bloomberg reported this week, “as Europe’s worsening fiscal crisis threatens to splinter the 16-nation currency union.”
The Lehman Brothers reference is not overkill. When Lehman went under in September 2008, it led to a horrifying domino chain of events that completely seized up the markets. The global financial system had a massive heart attack.
Now we are facing the same prospect in Europe.

THE SKY IS FALLING AND ONLY THE IMF AND THE NEW WORLD ORDER CAN SAVE US!!!

To Know Is to Fear
Those who aren’t concerned over what’s happening in Europe now simply aren’t paying attention. Those who ARE paying attention are seriously frightened.
To give you a sense of what we’re dealing with, I’ve compiled a series of quotes and commentary from observers in the know (bold emphasis mine).
In a few days time, there might not be a euro zone for us to discuss. – Nouriel Roubini, Roubini Global Economics 
It’s like Lehman Brothers and Bear Stearns. It is not so much the fundamentals as it is the unwillingness of the market to fund you. – Phillip Lane, Professor of International Economics, Trinity University
I covered emerging market sovereign bonds for many years, but I’ve never seen anything like this: a country trading at levels where the bear case is terrifying, the bull case is very hard to articulate, and everybody is talking about a possible default even when the country has an investment-grade credit rating from two agencies and is only one notch below investment grade at the third. Maybe the only thing which really explains what’s going on is that both yields and ratings are sticky. Which would imply that Greece has a long way to deteriorate from here. – financial blogger Felix Salmon
The situation is deteriorating rapidly, and it’s not clear who’s in a position to stop the Greeks from going into a default situation. That creates a spillover effect. – Dr. Edward Yardeni, Yardeni Research
The issue is rollover risk [referring to Spanish debt contagion]. Spain has to issue new debt plus roll over existing debt to the tune of 225 billion euros this year. Fourty-five percent of their debt is held by foreigners so they are dependent on the kindness of strangers. – Jonathan Tepper, Variant Perception
Spain’s cash flows are extremely bad… Spain’s living standards are reliant on not just the roll of old debt, but also on significant further external lending… – Ray Dalio, Bridgewater Associates (one of the world’s largest hedge funds)
Everything you knew or thought you believed about the European economy – and the eurozone, which lies at its heart – was just ripped up by financial markets and thrown out of the proverbial window. …This is not now about Greece… This is about the fundamental structure of the eurozone. – Simon Johnson, former IMF chief economist

MEANWHILE IN REALITY ,THE SOLUTION FOR GREECE IS SIMPLE.

DECLARE THE DEBT ILLEGAL AND INSTALL A DIRECT DEMOCRACY GOVERNMENT. IT WORKED FOR ICELAND ,ARGENTINA AND ECUADOR!

In November 2008, Ecuador became the first country to undertake an examination of the legitimacy and structure of its foreign debt. An independent debt audit commissioned by the government of Ecuador documented hundreds of allegations of irregularity, illegality, and illegitimacy in contracts of debt to predatory international lenders. The loans, according to the report, violated Ecuador’s domestic laws, US Securities and Exchange Commission regulations, and general principles of international law. Ecuador’s use of legitimacy as a legal argument for defaulting set a major precedent; indeed, the formation of a debt auditing commission sets a precedent.

http://www.projectcensored.org/top-stories/articles/10-ecuador-declares-foreign-debt-illegitimate/

IT SEEMS THAT GOLDMAN SACHS AND FRIENDS WHERE UP TO ILLEGAL ACTIVITIES WITH THE GREEK GOVERNMENT.IF GOLDMAN SACHS COMMITTED FRAUD THEN THE DEBT IN NULL AND VOID AND GOLDMAN SACHS ARE IN COURT ON MORE FRAUD CHARGES .

Greek Bondholders “Fooled” or Goldman Sachs Committing Fraud?
Today, she questions why Bloomberg prefers to only discuss the Goldman Sachs-Greece cross currency swaps subterfuge as a sort of foolishness, rather than taking a much more serious tone.
Smith takes Bloomberg to task for using “fooled” when “more obvious F-words, like ‘Fraud’ (as in defrauded) or ‘fleeced’” should have been considered. Then, she digs into her banking experience to relate how to her it seems nearly impossible that Goldman wouldn’t know the nature and extent of the Greek swaps contracts when the bond offering was issued.
http://dailyreckoning.com/greek-bondholders-fooled-or-goldman-sachs-committing-fraud/

THE GREEKS SHOULD ALSO KEEP PROTESTING AND FIRE THIER TREASONOUS POLITIONS,AND INSTALL DIRECT DEMOCRACY ,IT WORKED VERY WELL FOR THE ICELANDIC PEOPLE,IT WILL WORK JUST AS WELL FOR GREEKS ,SPAINISH OR BRITS.

The (Icelandic) referendum for or against taking over the Ice-save debts unconditionally by the Icelandic tax-payer has brought a clear “No” vote with 93.2% of those who voted, while participation of voters in the referendum was at 62,7%.
Publicly both the British government, as well as the IMF, seem to have mellowed in their rhetoric and ready for a compromise in their demands.
In time there eventually were a  few other voices to be heard on Icelandic media, but the government itself didn´t budge. No matter what reasonable and respected voices had to say on the matter. The government opposed the idea of a direct democratic decision.
Until the last minute the government had tried to discourage the voters from voting. The Prime Minister and the Minister of Finance both said they would not participate in the referendum. They saw it as a “waste of money” and a “farce”.
This disregard for the very people who had put them into office angered just about everybody who is the slightest bit interested in politics here.

WHY SUCH A RESPONSE FROM THE ELECTED DICTATORS?

The Icelandic referendum, the voice of the people against the blackmailing power of the international financial elites might now have become precedent for other countries in similar situations.
What the bankers seem to fear above all things is a direct democracy in financial matters.
And no doubt that´s quite a reasonable fear, for such a democracy would lead to more and more people getting informed about financial matters and the money-creation process itself.
The knowledge about this process coupled with the instruments of a direct democracy would lead eventually and without any doubt to a monetary reform and a loss of power for the international bankers.
A DIRECT DEMOCRACY WOULD END THE FINANCIAL AND BANKING CRISIS STONE DEAD!!!!!!

WE CAN ALL BE DEBT FREE TOMORROW!!!

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin . . . Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again . . . Take this great power away from them, and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. . . . But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.
– Sir Josiah Stamp, Director of the Bank of England, 1927

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

Thomas Jefferson

ANDREW JACKSON was the ONE president that cleared Americas debt ,when faced with financial ruin How did he manage it?

“The Bank is trying to kill me, but I shall kill it!”

ANDREW JACKSONS VIEW OF THE BANKS….NO BAILOUT.

“You are a nest of vipers and thieves, and by the grace of the almighty God, I will root you out!”

ANDREW JACKSON’S VIEW ON CORPORATIONS

Corporations have neither bodies to kick nor souls to damn.

ANDREW JACKSONS VIEW ON THE BRIGHTEST AND THE BEST

Hemans gallows ought to be the fate of all such ambitious men who would involve their country in civil wars, and all the evils in its train that they might  reign & ride on its whirlwinds & direct the Storm– The free people of these United States have spoken, and consigned these wicked demagogues to their proper  doom.

IN FACT THE ICELANDIC BANK SHOULD OF BEEN SHUT DOWN AND ASSET STRIPPED LONG AGO. BUT THAT WOULD MEAN SELLING GOLDMAN SACHS AND FRIENDS ASSETS!!! BETTER JUST MAKE THE TAXPAYER PICK UP THE DEBT ,BRIBE OR BLACKMAIL THE GOVERNMENT INTO SELLING THIER POPULATIONS INTO DEBT SLAVERY …AND JUST TELL THEM ITS ONLT 2 BILLION EUROS WHEN IN FACTS ITS 40 BILLION!!!!!!

Over 40 billion euro in 28167 claims made aganst the Kaupthing Bank, 23 Jan 2010
This document contains a list of 28167 claims, totaling over 40 billion euro, lodged against the failed Icelandic bank Kaupthing Bank hf. The document is significant because it reveals billions in cash, bonds and other property held with Kaupthing by a vast number of investors and asset hiders, including Goldman Sachs, Deutsche Bank, Credit Suisse, Morgan Stanly, Exista, Barclays, Commerzbank AG, etc. It was confidentially made available to claimants by the Kaupthing Winding-up committee
 http://file.wikileaks.org/files/kaupthing-claims.pdf

FYI GOLDMAN SACHS HERE IS HOW CAPITALISM WORKS ,ITS VERY SIMPLE.
1.Availability of credit allows money to flow between savers and borrowers.
2.Resources and funds are allocated to various projects or investments during a boom phase.
3.Eventually borrowing becomes excessive and leads to malinvestment,
4.At this stage, adherence to free market theory would allow for an efficient cleansing period and a healthy recovery period. How? Irresponsible and  unprofitable businesses fail. Bad debts get liquidated. Excess resources go on sale, flow into more stable ventures and pool together with more profitable  resources controlled by healthy corporations or entities
http://www.marketoracle.co.uk/Article6497.html

NEWSFLASH YOU ARE IRRESPONSIBLE AND UNPROFITABLE SO YOU GET LIQUIDATED AND YOUR ASSETS ARE SOLD TO STABLE PROFITABLE BUSSINESS. STOP BEGGING FOR TAXPAYER BAILOUTS AND GET A REAL JOB!!!

The Authorities Are Useless
SO GET RID OF THEM, ACTUALLY THEY ARE THE ACHITECTS OF THIS FINANCIAL DISASTER,THE IMF BROUGHT DISASTER TO ARGENTINA,SO GREECE TO NOT LISTEN TO THEM!!!
As the Greece crisis unfolds, we will hear more from various authorities on how the problem is “contained.” But if 2008 taught us anything at all, we should know just how useless such assurances are.
Subprime was supposed to be “contained” too, according to the U.S. Treasury and the Federal Reserve. Remember all those soothing words that amounted to “calm down, there’s nothing to worry about here,” just before the whole system nearly melted down?
It is the job of the authorities to manage risk for the entire system, and thus to jawbone investors into complacency whenever possible in order to keep a lid on panic. Unfortunately, this requires routinely telling people “everything is fine” when, in reality, all hell is threatening to break loose.
AND THE FEDERAL RESERVE HAVE BROUGHT DISASTER TO THE USA
The board of directors of each Federal Reserve Bank District also have regulatory and supervisory responsibilities. For example, a member bank (private bank) is not permitted to give out too many loans to people who cannot pay them back. This is because too many defaults on loans will lead to a bank run.
The punishment for making false statements or reports which overvalue an asset is also stated in the U.S. Code:[44]
Whoever knowingly makes any false statement or report, or willfully overvalues any land, property or security, for the purpose of influencing in any way…shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.
These aspects of the Federal Reserve System are the parts intended to prevent or minimize speculative asset bubbles which ultimately lead to severe market corrections. The recent bubbles and corrections in energies, grains, equity and debt products and real estate cast doubt on the efficacy of these controls.

SO WHY ARE THE BANKERS NOT FACING $1,000,000 FINES AND 30 YEARS IMPRISONMENT?!?!

THE FEDERAL RESERVE WAS ALSO SUPPOSED TO STABLISE THE DOLLAR…….
From 1776 to 1912 (136 years), the value of the dollar, relative to the Consumer Price Index, increased by 11%. A dollar could buy 11% more goods in 1912 than in 1776.
After the Fed’s creation, from 1913 to 2008 (95 years), the value of the dollar, relative to the Consumer Price Index, decreased by 95%. A dollar could buy 95% fewer goods in 2008 than in 1913.
https://cuthulan.wordpress.com/2009/09/03/the-record-of-the-federal-reserve/

Can Europe Even Afford a Bailout?
NO!!!AND THERE IS NO LEGAL OR MORAL REASON THAT WE SHOULD!!!
As of now, it isn’t even clear whether Europe can afford a full bailout. Total cost estimates swing wildly, from a low end roughly $160 billion (for Greece alone) to an eye-watering $500 billion… or even more.
The real issue is contagion – not just the cost of bailing out Greece, but that of other troubled countries waiting in the wings. Looming largest among them: Spain.
“We have seen this movie before,” says U.S. Representative Mark Kirk, who sits on the House Appropriations Committee that oversees dispersion of IMF funds. Kirk had direct experience (via the World Bank) with the Mexican debt crisis in 1982.
“Spain is five times as big as Greece,” Kirk adds. “That would mean a package of 500 billion.”
And 500 billion isn’t even the worst estimate. David Mackie, chief economist with JPMorgan London, envisions the need for a eurozone rescue package equating to 600 billion euros… or a whopping $794 billion at current exchange rates.
Other investment bank analysts more or less agree with Mackie. “To fix the region’s fiscal crisis,” Bloomberg reports, “the EU may need a plan larger than the $700 billion Troubled Asset Relief Program deployed by the U.S…”

IS IT JUST COINCIDENCE THAT THE 4 RINGLEADERS IN THE PUSH FOR ILLEGAL WARS IN IRAQ AND AFGHANISTAN ARE ALSO THE WORLDS BIGGEST DEBTORS,BUT ITS THE TAXPAYER THAT ENDS UP PAYING THE DEBT,THE GOVERNMENT JUST CREATES IT!!!!!!
Rank   Country   CAB USD, bn  
1  People’s Republic of China 371.833
2  Germany 252.501
3  Japan 210.967
4  Saudi Arabia 95.762
5  Russia 76.163
6  Switzerland 70.797
7  Norway 59.983
8  Netherlands 52.522
176  Greece -44.218
177  Italy -52.725
178  Australia -56.342
179  United Kingdom -105.224
180  Spain -145.141
181  United States -731.214
https://cuthulan.wordpress.com/2010/02/25/its-official-the-economy-will-recover-when-pigs-fly/

FYI UK TAXPAYERS,IF IT CAN BE SHOWN THAT TONY BLAIR AND THE GOVERNMENT ILLEGALLY STARTED THE WAR ,THEN THE UK TAXPAYER IS NOT RESPONSIBLE FOR THE DEBT!! TONY BLAIR AND THOSE THAT LIED AND DECIEVED WITH FULL KNOWLEDGE ARE THE ONES RESPONSIBLE FOR THE DEBT!!!! ….SO MAYBE ITS TIME FOR THE PEOPLE TO SELL THE GOVERNMENT INTO DEBT SLAVERY!!!! SO LET THE HUNT BEGIN……

https://cuthulan.wordpress.com/2010/04/28/tony-blair-very-close-to-being-indicted-for-war-crime-in-malaysia/

https://cuthulan.wordpress.com/2010/02/07/where-have-all-the-burger-eating-war-monkeys-gone-cry-havoc-and-unleash-the-dogs-of-war-crimes/

A legal case was filed at the Audiencia Nacional against four United States presidents and four United Kingdom prime ministers for commissioning, condoning and/or perpetuating multiple war crimes, crimes against humanity, and genocide in Iraq.
 
This case, naming George H W Bush, William J Clinton, George W Bush, Barack H Obama, Margaret Thatcher, John Major, Anthony Blair and Gordon Brown, is brought by Iraqis and others who stand in solidarity with the Iraqi people and in defence of their rights and international law.

International Criminal Court complaint filed against Bush, Cheney, Rumsfeld, Tenet, Rice and Gonzales
Request for international arrest warrants
6 February 2010
https://cuthulan.wordpress.com/2009/10/11/blair-and-bush-and-co-war-criminals-named-and-shamed-now-lets-hunt-them-down-like-the-dogs-they-are/

The IMF Solves Little
SO GET RID OF IT ,THE IMF BROUGHT DISASTER TO ARGENTINA !!!

But what about the International Monetary Fund? Can’t they fix the problem? Nope.
First of all, the IMF doesn’t have enough money to stop the contagion. If Greece were an isolated problem, and one which could feasibly be solved by an IMF cash injection, the answer would be “maybe.”
But Greece is not isolated. It is one “problem” of many. And no one really believes IMF money will help anything in the long run anyway.
IMF efforts to bail out Argentina turned out to be a disaster. Argentina tried to implement the IMF’s tough “austerity measures” – harsh fiscal conditions attached to the receipt of rescue funds – but cracked under the strain.
Argentina wound up going into default in 2002. If they couldn’t hack it, there is no way Greece can. There is no political will among Greek leaders to belt-tighten to the point of pushing the country into deep recession, or even depression, simply to pay off external debts.
What’s more, even if Greece takes IMF money, that just means existing creditors will be pushed to the back of the line. The IMF would demand preferential treatment as a lender of last resort (in terms of getting paid back first).
That means an IMF rescue package could actually make Greek debt holders more nervous, not less. Standard & Poor’s estimates that investors could lose as much as 200 billion euros, or $265 billion, in the event of a Greek debt default.

ARGENTINA HAS PROSPERED SINCE IT REJECTED THE IMF AND INSTALLED DIRECT DEMOCRACY.ECONOMIC AND CIVIL FREEDOMS ABOUND!!!I’D ADVISE GREECE TO DO THE SAME!

After the non-violent collapse of the Argentinean government in 2001/2002, the social and economic organization of Argentina has undergone major changes, though how important these changes are remains to be seen. Worker occupations of factories and popular assemblies have both been seen functioning in Argentina, and both are the kind of action endorsed by anarchists: the first is a case of direct action and the latter a case of direct democracy. Approximately 200 “recovered” factories (fábricas recuperadas) are now self-managed and collectively owned by workers. In the large majority of them, pay is completely egalitarian; generally no professional managers are employed, or managers are collectively controlled in the other cases. These co-operatives have organised themselves into networks. Solidarity and support from external groups such as neighborhood assemblies and unemployed (piquetero) groups have often been important for the survival of these factories. Similar developments have taken place in Brazil and Uruguay.[6] In 2004, Avi Lewis and Naomi Klein (author of No Logo) released the documentary The Take, which is about these events.

TODAY ARGENTINA HAS ECONOMICALLY GROWN AND HAS BECOME SOCIALLY LIBERATED ENDING THE FAKE WAR ON DRUGS

Argentina and Mexico have taken significant steps towards decriminalising drugs amid a growing Latin American backlash against the US-sponsored “war on drugs”.
Argentina’s supreme court has ruled it unconstitutional to punish people for using marijuana for personal consumption, an eagerly awaited judgment that gave the government the green light to push for further liberalisation.
It followed Mexico’s decision to stop prosecuting people for possession of relatively small quantities of marijuana, cocaine, heroin and other drugs. Instead, they will be referred to clinics and treated as patients, not criminals.
Brazil and Ecuador are also considering partial decriminalisation as part of a regional swing away from a decades-old policy of crackdowns still favoured by Washington.
“The tide is clearly turning. The ‘war on drugs’ strategy has failed,” Fernando Henrique Cardoso, a former Brazilian president, told the Guardian. Earlier this year, he and two former presidents of Colombia and Mexico published a landmark report calling for a new departure.
http://www.guardian.co.uk/world/2009/aug/31/mexico-argentina-decriminalise-drugs

https://cuthulan.wordpress.com/2010/01/30/war-on-drugs-officially-lost-another-fake-us-war-another-total-us-defeat/

The Germans Are Furious
SO WHERE THE ICELANDIC PEOPLE ,BUT THE ICELANDICS COULD DO SOMETHING ABOUT IT AS THEY LIVE IN A REAL DEMOCRACY,AND NOT THE DEMOCRACY ADVERTISED ON TV!!!
Furious Germans are another roadblock to crisis resolution.
According to a weekend survey from Bild, a popular German magazine, 86% of Germans are dead set against bailing Greece out with German funds. A survey from German television channel NTV further found a stunning 92% of Germans thought Greece should go bankrupt.
Not very charitable, those Germans. But can you blame them? They know that if Greece gets a handout, more will come… on a much bigger scale.
Under more normal circumstances, European politicians would simply try to run roughshod over the will of the German populace. But this time, things have been complicated by a looming election on May 9. German Chancellor Angela Merkel can’t afford to offend her constituents too much, even as other countries (like France) scream at Germany for not whipping out the checkbook.
WHY DO WE EVEN BOTHER HAVING PUBLIC OFFICIALS AND POLITIONS?! AT BEST THEY DO NOTHING ,AT WORST THEY CREATE OR MANIPULATE THE SITUATION TO THIER ADVANTAGE
No Black Swan Here
There has been no real leadership throughout this whole saga. Over the past few months, the ECB (European Central Bank) has revealed itself to be impotent and weak. Jean-Claude Trichet, the head of the ECB (and a man once dubbed “Mr. Euro”), has distinguished himself in the midst of Europe’s crisis about as well as George W. Bush did during the supbrime meltdown.
Meanwhile, the inability of Europe’s leaders to truly address the problem – or even to see and recognize the full extent of the problem in the first place – is eerily similar to the prevailing mood before Lehman’s collapse.
Some would call the threat of eurozone collapse a “black swan,” to use Nassim Taleb’s famous term for unexpected and highly improbable events. But such a characterization would be false.
That’s because, in many ways, the eurozone debt situation is the opposite of a black swan.

WAS THIS THE PLAN ALL ALONG?
Fiscal crisis was both highly predictable for the euro member countries – many anticipated it from the initial launch of the euro – and highly probable to boot. The euro, some would argue, was a doomed experiment from the outset.
For all the above sturm und drang, we haven’t even touched on the scariest part of the situation yet – the fact that European banks could be more vulnerable now than U.S. banks at the height of the supbrime crisis. More on that next time.

Source: http://www.taipanpublishinggroup.com/taipan-daily-043010.html

By Justice Litle
http://www.taipanpublishinggroup.com/

Justice Litle is the Editorial Director of Taipan Publishing Group, Editor of Justice Litle’s Macro Trader and Managing Editor to the free investing and trading e-letter Taipan Daily. Justice began his career by pursuing a Ph.D. in literature and philosophy at Oxford University in England, and continued his education at Pulacki University in Olomouc, Czech Republic, and Macquarie University in Sydney, Australia.

http://www.marketoracle.co.uk/Article19114.html

BUT THE USA IS STILL FACING SOME PRETTY BIG FINACIAL PROBLEMS OF ITS OWN

A Hyper-Inflationary Great Depression Is Coming
Economics / HyperInflation
May 01, 2010 – 03:14 AM
 
By: The_Gold_Report
ShadowStats’ John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is in a depression and why a “Hyper-Inflationary Great Depression” is now unavoidable. John also shares why he selects gold as a metal for asset conversion in this exclusive interview with The Gold Report.

http://www.marketoracle.co.uk/Article19100.html

IT SEEMS TO ME THIS IS A MANUFACTURED CRISIS.IT HAS BEEN MADE BY THE IMF AND BANKERS AND POLTIONS USING FRAUD AND LIES. THE TAXPAYER IN REALITY IS NOT RESPONSIBLE FOR THIS SITUATION AND HAS NO REASON TO PICK UP THE BILL.

THE TAXPAYER SHOULD START LEGAL PROCEDINGS AGAINST BANKS FOR FRAUD AND STOCK MANIPULATION AND POLITIONS FOR LIES THAT STARTED ILLEGAL WARS.THE UK AND US TAXPAYERS ARE NOT RESPONSIBLE FOR A WAR STARTED BY GOVERNMENT LIES!!!!

SOLUTION
WE disband the unprofitable and fraudulant banks and return to state run banks, that print money FREE OF INTEREST!!

We Audit the Ferderal Reserve and Bank of England and all banks that took bailout money . We start fraud investigations.Only banks that have paided back there bailout money to the taxpayer ,including the interest,  and show a clean bill of health ,can keep thier bank status.The rest are asset stripped, fined and or jailed

DIRECT DEMOCRACY
https://cuthulan.wordpress.com/2010/01/14/a-direct-democracy-independant-scotland/

LIBERTARIAN SOCIALISM
https://cuthulan.wordpress.com/2009/11/04/libertarian-vs-authoritarian-todays-real-politic/

OR THE FINANCIAL SPOKESPERSONS SOLUTION

Financial Spokesperson No.1

“ROOLS?!?! We don’t need no stinkin ROOLS!!!”

Financial Spokesperson No.2

“OK everybody , just give us the money and no-one will get hurt!!!”

AND WELCOME TO THE WORLD OF DEBT SLAVERY

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2 Responses to The EU Meltdown is it all bad? and is the IMF the solution or the problem?

  1. […] dat onder een gemiddeld IMF-”hervormings”plan altijd degenen met de laagste inkomens de verliezers zijn (met EU-plannen is dat trouwens niet […]

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