‘The Euro Game Is Up! Who the hell do you think you are?’ The EUSSR and the Chinese Republic of America?

Not usually a big fan of UKIP ,mainly because of thier pro-UK-unionism but anti-EU-unionism ,seems totally hypocritical to a Scottish Independence supportter! I am a supportter of direct democracy and non-centralised governments. UKIP seem very happy to be able to IMPOSE THIER WILL on smaller Scotland , BUT DO NOT LIKE having the EU’s, will imposed on smaller UK. This just REEKS of Hypocracy and “little England” mentality.

BUT I THINK HE HIS STRUCK A EUROPEAN NERVE WITH THIS SPEACH. WELL SAID MR. FARAGE ,JUST WHO DO THESE PEOPLE THINK THEY ARE?!?!

IT SEEMS THEY THINK THEY ARE OUR EMPERORS, DICTATORS AND PUBLIC MASTERS, AND WE MUST SERVE WITHOUT QUESTION, INSTEAD OF BEING PUBLIC SERVANTS THAT DO WHAT WE TELL THEM!!!

FYI NO EU PRESIDENT WANTED HERE!!!!

European Parliament, Strasbourg – 24 November 2010

Speaker: Nigel Farage MEP, UKIP, Co-President of the EFD group;

Debate: European Council and Commission statements – Conclusions of the European Council meeting on economic governance (28-29 October)

Transcript:

Good morning, Mr van Rompuy,

You’ve been in office for one year and in that time the whole edifice is beginning to crumble, there’s chaos, the money’s running out – I should thank you; you should perhaps be the pin-up boy of the Eurosceptic movement.
But just look around this chamber, this morning. Just look at these faces. Look at the fear. Look at the anger. Poor old Barroso here looks like he’s seen a ghost.
They’re begining to understand that the game is up and yet in their desperation to preserve their dream, they want to remove any remaining traces of democracy from the system. And it’s pretty clear that none of you have learnt anything.
When you yourself, Mr van Rompuy, say that the euro has brought us stability. I suppose I could applaud you for having a sense of humour, but isn’t this, really, just the bunker mentality?
Your fanaticism is out in the open. You talked about the fact that it was a lie to believe that the nation state could exist in the 21st Century globalised world. Well, that may be true in the case of Belgium, who haven’t had a government for six months, but for the rest of us, right across every member state in this Union – and perhaps this is why we see the fear in the faces – increasingly people are saying, ‘We don’t want that flag. We don’t want the anthem. We don’t want this political class. We want the whole thing consigned to the dustbin of history.’
And we had the Greek tragedy earlier on this year, and now we have this situation in Ireland. Now I know that the stupidity and greed of Irish politicians has a lot to do with this. They should never ever have joined the euro. They suffered with low interest rates, a false boom and a massive bust.
But look at your response to them. What they’re being told, as their government is collapsing, is that it would be inappropriate for them to have a general election. In fact Commissioner Rehn here said they had to agree their budget first before they’d be allowed to have a general election.

Just who the hell do you think you people are?

You are very very dangerous people, indeed. Your obsession with creating this Euro state means that you’re happy to destroy democracy. You appear to be happy for millions and millions of people to be unemployed and to be poor. Untold millions must suffer so that your Euro dream can continue.
Well it won’t work. Because it’s Portugal next, with their debt levels of 325% of GDP, they’re the next ones on the list, and after that I suspect it will be Spain. And the bailout for Spain would be seven times the size of Ireland’s and at that moment all of the bailout money has gone – there won’t be anymore.
But it is even more serious than economics. Because if you rob people of their identity. If you rob them of their emocracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that really happens.

 Credits:
Video: EbS – European Parliament
Music:
– Intro from ‘Velvet Choker’ – Cornerstone Cues
– Closing from ‘Red Army is the Strongest’, by the Soviet Red Army Choir.
http://www.youtube.com/watch?v=Fyq7WRr_GPg

UK Independence Party MEP Godfrey Bloom is evicted from the chamber for calling Martin Schulz MEP an undemocratic fascist. Martin Schulz has previously called Eurosceptics the same. Nigel Farage states ‘One rule for Europhiles and another for Eurosceptics’
http://revolutionarypolitics.tv/video/viewVideo.php?video_id=13214

99% Of You Say: Get Us Out of Europe — UK Poll
A MASSIVE wave of public support was last night surging behind the Daily Express’s crusade to liberate Britain from the stranglehold of Brussels.
An exclusive poll conducted on the first day of our crusade showed an astonishing 99 per cent of people agree we should quit the European Union.
http://www.activistpost.com/2010/11/99-of-you-say-get-us-out-of-europe-uk.html

HERE IS HOW THE LISBON TREATY GOT SHOVED DOWN OUR THROATS AFTER EUROPEAN REFERENDUMS REJECTED IT!!

MEPs Protest (The Original Video)
The Hemicycle, European Parliament,
Strasbourg – 12.12.2007:
The President of the European Commission, the President of the European Council and the President of the European Parliament gather to sign the Charter of Fundamental Rights, which will replace the European Convention on Human Rights. The Charter forms part of the “Lisbon Treaty”, recently known as the “reform treaty”, or the redesigned Constitutional Treaty.
A number of Members of the European Parliament (MEP) rose in protest against the “Lisbon Treaty” (signed by the 27 Heads of State and Government on 13.12.2007).
The “Lisbon Treaty” establishes the same EU Constitution that was rejected by the French and Dutch referendums in 2005.
This violates the principle of unanimity, where all Member States must consent to each treaty.
As Italian interior minister, Giuliano Amato said at the London School of Economics last February, “The good thing about not calling it a constitution is that no one can ask for a referendum.”
As a result, the French and Dutch votes were ignored, and five governments have cancelled a promised referendum (Czech Rep., Denmark, Poland, Portugal, UK).
Only Ireland will have a referendum. The other 26 Member States will ratify the treaty in parliament without asking the people.
The Future of Europe can be different than the centralised monolith which the EU Constitution creates. The ‘single market’ (the ‘four freedoms of movement’) does not need to be governed by an EU bureaucracy which plans the economy and regulates our lives.
EU romanticism must stop. The EU is not what it seems to be.
Have your say on the Future of Europe.
Go to http://x09.eu and sign for a REFERENDUM in your country.

I HAVE NOTHING AGAINST BEING A FREE AND EQUAL MEMEBER OF THE EUROPEAN COMMUNITY. I LIKE EUROPE AND EUROPEANS AND ALL OUR WONDERFUL WAYS. WE HAVE COME A LONG WAY FROM THE 1940’s AND MASS MURDER AND STARVATION.THE EUROPEAN PEOPLE I LOVE , EUROPEAN POLITIONS I HATE!!

OF COURSE THE EU POLITIONS TOLD US THE WORST IS ALREADY OVER
Worst of the economic crisis is over, says EU chief
Published Date: 08 September 2010
By David Maddox
THE head of the European Union has claimed that the worst of the economic crisis is over and the recovery is accelerating
“As I look back at how we have reacted, I believe that we have withstood the test . . . My message to each and every European is that you can trust the European Union to do what it takes to secure your future.”
http://news.scotsman.com/recession/Worst-of-the-economic-crisis.6518800.jp
…INCOMPITENCE OR BARE FACED LIES?? YOU CHOOSE…..PERSONALLY I WOULD NOT TRUST THEM WITH MY KIDS POCKET MONEY!!!

BUT I HAVE NO INTENTION OF SACRIFICING MY CULTURE ,MY ECONOMY , MY FREEDOMS FOR SOME THEORETICAL “GREATER GOOD” THAT NEVER SEEMS TO APPEAR ,FOR SOME REASON OR OTHER, BUT ITS NEVER THE GOVERNMENTS FAULT!!! WHY DON’T THEY GO ON STRIKE TO PROVE THEY ARE WORTH THIER MONEY.

https://cuthulan.wordpress.com/2010/05/09/bank-corruption-and-fraudthe-who-the-how-and-the-why-and-the-simple-solution/

FUNNY THAT ARGENTINA TOLD THE IMF TO PISS OFF ,AND RECOVERED VERY QUICKLY WITHOUT IMF HELP. MORE RECENTLY ,POLAND TOLD THE IMF TO PISS OFF AND THE GOVERNMENT DIED IN A PLANE CRASH. THIS SUGGESTS WE CANNOT HAVE A WORKING EXAMPLE OF EUROPEAN RECOVERY WITHOUT IMF HELP……THAT MIGHT MAKE OTHER COUNTRIES REFUSE THE IMF!!

GREENLAND IS ANOTHER EXAMPLE OF SUCCESSFUL INDEPENDENCE OVER EU DOMINANCE

Why is Greenland so rich these days? It said goodbye to the EU

If you think that leaving the EU would be catastrophic, take a look at Greenland. By rights its people ought to be poor. Their island is isolated, suffers from freezing weather, has a workforce of only 28,000 and relies on fish for 82 per cent of its exports. But it turns out that since leaving the EU, Greenland has been so freed of EU red tape and of the destruction of the Common Fisheries Policy, that the average income of the islanders today is higher than those living in Britain, Germany and France.

Greenland’s politicians realised that the fisheries policy was ruining their fishing industry. They had the guts to stand up against the all the prophets of doom and let their people vote in a referendum on leaving the European Community, as the EU was then called. On January 1, 1985, it became independent of Brussels – the only country ever to do so.
http://blogs.telegraph.co.uk/news/alexsingleton/100065718/why-is-greenland-so-rich-these-days-it-said-goodbye-to-the-eu/

Would Ireland be better off if it left the euro and revived the Punt? Would the Greek economy recover more quickly with a new Drachma?”
Nils Blythe
 BBC business correspondent
YES ,DEFINATELY!! BUT THE EU REGIME WILL NOT ALLOW SUCH NATIONAL ECONOMIC FREEDOMS.EVEN IF IT MEAN THIER OWN DSTRUCTION.

MEANWHILE IN A BUNKER SOMEWHERE IN BERLIN…..
Angela Merkel in eurozone permanent bail-out vow
ISN’T THIS WHAT IRELAND SAID IT WOULD DO,PERMANENTLY BAILOUT THE BANKS? AND ISN’T THIS WHAT GOT IRELAND INTO THE FINANCIAL SH1T ITS IN TODAY?
Germany’s Chancellor Angela Merkel has vowed to implement a permanent bail-out facility amid speculation over a break up of the 16-nation eurozone.
LOOKS LIKE FRANCE IS INTO FINANCIAL SUICIDE PACT WITH GERMANY
A joint statement with French President Nicolas Sarkozy said the two would propose replacing the existing fund that expires in 2013.
Meanwhile the head of Germany’s central bank said the existing fund could be increased if needed.
And the fund’s head has dismissed the risk of a eurozone break-up.
OF COURSE THEY WOULD DENY AN EU BREAK UP. THAT WOULD MEAN THEY WOULD HAVE TO ADMIT THIER MISTAKES AND THEY WOULD BE OUT OF A JOB…..AND POSSSIBLY IN JAIL.
Klaus Regling of the European Financial Stability Facility (EFSF) said it was “inconceivable that the euro fails”.
REMINDS ME OF THE “UNSINKABLE” TITANIC ,THIS GUY LACKS FORESIGHT AND IMAGINATION ,I SEE A EURO FAILING OR AT LEAST SOME COUNTRIES BAILLING
There has been speculation that some countries may be forced to give up the euro in light of the Irish debt crisis.
YES FOLKS!!! ITS NATIONAL DEFAULT TIME, OR ELSE,

 LETS THROW GOOD MONEY AFTER BAD ,INTO AN ENDLESS BLACK HOLE THAT SELLS US AND OUR CHILDREN AS DEBTOR SLAVES TO A BUNCH OF IRRESPONSBILE AND CORRUPT POLITIONS AND BANKERS THAT EVERYDAY SEEM MORE AND MORE IN DENIAL AND TOTALLY CORRUPT AND REMOVED FROM REALITY!

Fund upsize
 
In their joint statement, the French and German leaders said that they were working “under high pressure on a joint proposal for a crisis mechanism that is to replace the current one beyond 2013”.
ARRANGING THE DECK CHAIRS ON THE TITANIC COMES TO MIND
The EFSF was set up over the summer as a general rescue fund for eurozone governments, in a failed attempt to prevent the Greek debt crisis spreading to other countries.
SO IT FAILED WITH GREECE …SO PLEASE EXPLAIN ,WHY SHOULD IT NOT FAIL WITH IRELAND? OR IS THE REASON JUST TO MAKE THE IRISH DEBTOR SLAVES AND REMOVE ECONOMIC FREEDOMS FROM THEM?
The two leaders also said they wanted a bail-out of the Irish Republic by the EU and IMF to be finalised as soon as possible.
THEY WOULD ,THEY STAND TO LOOSE MONEY AND POWER OTHERWISE .THIS WAY THEY GET TO FINANCIALLY CONTROL THE IRISH REPUBLIC.
Much of the money for the Irish bail-out will come from the EFSF.
NO!!THAT IS A COMPLETE LIE!! THE MONEY WILL COME FROM THE EUROPEAN TAXPAYER
In separate comments, Axel Weber – head of Germany’s central bank – said that the EFSF could be increased in size by a further 100bn ($134bn, £85bn) euros if need be.
MEANWHILE IN THE TITANICS ENGINEROOM THEY SHOVEL MORE AND MORE OF OUR MONEY ON THE FIRE..ITS FULL STEAM AHEAD AT SS TITANIC EU
It comes after the German finance ministry was forced to deny a story in German newspaper die Welt that the 440bn euros fund would be doubled in size.
SO THIS SUGGECTS THEY DEFINATELY EXPECT MORE COUNTRIES TO FAIL AND COME UNDER THE FINANCIAL CONTROL OF THE “EU” AND THE “IMF”.
Market doubts
THATS FUNNY I HAVE SERIOUS DOUBTS ABOUT THE MARKETS AS WELL
 Worries about the finances of other eurozone governments – in particular Portugal and increasingly Spain – are putting pressure on the euro and government bonds.
Many commentators have also pointed out that eurozone countries are unable to devalue their own currency – one of the key methods many governments use to trade their way out of recessions, as a weaker currency makes exports cheaper.
JUST ANOTHER EXAMPLE OF LOSS OF NATIONAL ECONOMIC POWER THANKS TO THE EU AND IMF
As a result, some have suggested that countries like the Irish Republic and Greece would be better off outside the zone.
…..BUT YOU CAN BE BLOODY SURE THAT WILL ONLY BE ALLOWED TO HAPPEN OVER A LOT OF DEAD BODIES!
…PREFERABLY THIERS AND NOT YOURS AND MINE. 😉
http://www.bbc.co.uk/news/business-11836514

Euro slides as Portugal bailout pressure builds

Portugal is under pressure to accept an EU bailout in order to stop the eurozone debt contagion spreading to Spain, according to German press reports that pushed the euro to a two-month low
http://www.activistpost.com/2010/11/euro-slides-as-portugal-bailout.html

PEOPLE ,ARGENTINE DEFAULTED IN 2002 AND IS DOING BETTER THAN EVER TODAY. ITS ONLY THE FOREIGN BOND INVESTORS THAT LOOSE IN A DEFAULT. THEY SHOULD NOT SPECULATE(GAMBLE) WITH MORE THAN THEY CAN AFFORD TO LOOSE. IF THEY HAVE , THEY DESERVE TO GO BUST!!

THE EUROPEAN GOVERNMENTS BY ACCEPTING THE EU AND IMF SOLUTIONS ARE JUST SELLING THE PEOPLE AS DEBTOR SLAVES TO THE BANKERS AND SPECULATORS . BUT ALL THIS MIGHT NOT EVEN BE ENOUGH TO SAVE THE EUROPEANS .

BUT IT SEEMS THE VULTURES ARE ALREADY GATHERING, OVER THE DYING EU CORPSE…..THE EUSSR PERHAPS?
IT SEEMS CHINA IS MANURVERING TO TAKE OVER AMERICA VIA ITS IRRESPONSIBLE FINANCIAL INSTITUTIONS ….EITHER THROUGH ITS 2 TRILLION PLUS DEBT TO CHINA AND ITS EMMINENT DOMAIN AGREEMENT (GIVING LAND TITLES AS DEBT GUARANTEES)

https://cuthulan.wordpress.com/2010/08/14/u-s-bankrupt-its-official-china-to-take-over-us-assets-bp-final-nail-in-us-economic-coffin-is-war-the-only-us-way-out/

OR BY TRYING TO PASS OFF FAKE GOLD TO CHINA (AND BEING CAUGHT!!)

https://cuthulan.wordpress.com/2010/02/08/is-the-us-already-bankrupt-and-trading-in-fake-gold/

WHILE RUSSIA TAKES OVER THE EU VIA ITS IRRESPONSIBLE FINANCIAL INSTITUTIONS

IS PUTIN OFFERING A FINANCIAL LIFELINE FOR THE EU? WITH STRINGS ATTACHED AND RUSSIA IN THE DRIVING SEAT OF COURSE .WE ALREADY RELY ON RUSSIA FOR OUR ENERGY
Putin proposes Russia-EU union
BY VALENTINA POP..euobserver.com
Ahead of his two-day visit to Germany, Russian Prime Minister Vladimir Putin has projected a vision of a ‘harmonious economic community stretching from Lisbon to Vladivostok’ in reaction to the economic crisis. Chancellor Angela Merkel, however, said she will “pour some cold water” on the idea.
Writing in German daily Sueddeutsche Zeitung on Thursday (25 November), Mr Putin argued that more integration between Russia and the EU and even a “common contintental market” would allow them to overcome the effects of the crisis and prevent a new one from emerging
IF RUSSIA STARTS TRADING IN EUROS IT WOULD STRENGTHEN THE EUROPEAN CURRENCY GREATLY
Putin – Euro should be World’s Reserve Currency
Russia and Germany should dramatically increase their economic co-operation. That’s the message from Russian Prime Minister Vladimir Putin to some of Germany’s top industrialists at a business forum in Berlin.
RT on Facebook: http://www.facebook.com/RTnews
RT on Twitter: http://twitter.com/RT_com
RUSSIA AND CHINA HAVE ALREADY AGREED TO DUMP THIER DOLLARS

Russia, China Dump Dollar for Trade

China and Russia have said they will renounce the US dollar and use their domestic currencies in bilateral trade.
The announcement came as the leaders of both countries met in St. Petersburg to expand bilateral trade and energy-cooperation between the countries, according to an AFP report on Tuesday.
“We agreed to expand the possibilities for application of national currencies during trade and economic contacts,” said Russian Prime Minister Vladimir Putin after holding talks with the Chinese premier Wen Jiabao.
With Russian ruble already trading on the Chinese exchange, yuan trade in Moscow is expected to begin in early December.
The bilateral trade between the two countries is estimated to reach above $50 billion by the end of 2010, according to the Russian government. http://timiacono.com/index.php/2010/11/24/russia-china-dump-dollar-for-trade/

WELCOME TO THE NEW GLOBAL ECONOMY AND THE NEW WORLD BANKING ORDER

REMEMBER HOW BAD IT WAS IN THE 1970’S? WELL ,40 YEARS OF STATE CAPITALIST FREE MARKET ECONOMICS, AND SCIENTIFIC IMPROVEMENTS, AND WE WENT THROUGH THE GLOBAL BOOM PERIOD AND GUESS WHAT?

https://cuthulan.wordpress.com/2010/07/20/reaganomics-thatcherism-and-the-blueprint-of-financial-destruction-and-debt-slavery/ 

THERE IS DOUBLE THE AMOUNT OF GLOBAL POVERTY TODAY…WHERE DID ALL THE MONEY GO?
Global poverty doubled since 1970s: UN
GENEVA — The number of very poor countries has doubled in the last 30 to 40 years, while the number of people living in extreme poverty has also grown two-fold, a UN think-tank warned Thursday.
In its annual report on the 49 least developed countries (LDCs) in the world, the UN Conference on Trade and Development (UNCTAD) said that the model of development that has prevailed to date for these countries has failed and should be re-assessed.
“The traditional models that have been applied to LDCs that tend to move the LDCs in the direction of trade-related growth seem not to have done very well,” said Supachai Panitchpakdi, secretary general of UNCTAD.
“What happened is that in the past 30-40 years, the number of LDCs have doubled so it has actually deteriorated, the number of people living under the poverty line has doubled from the 1980s.”
The report indicated that the situation has sharply deteriorated in the past few years
http://www.activistpost.com/2010/11/global-poverty-doubled-since-1970s-un.html

THIS WAS OUR FINANCIAL SITUATION JUST BEFORE THE CREDIT CRISIS. NOTICE ITS THE 4 COUNTRIES THAT PUSHED THE IRAQ WAR THAT ARE THE BIGGESTD DEBTORS…COINCIDENCE I AM SURE…FYI 181ST IS LAST!

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/

SO MUCH FOR THE TRICKLE DOWN THEORY ….AND WITH AUSTERITY MEASURES KICKING IN ,I DO NOT SEE THE POVERTY SITUATION GETTING ANY BETTER IN THE FORSEEABLE FUTURE IN EUROPE OR THE REST OF THE WORLD ,DEVELOPED OR NOT

THE FEDERAL RESERVE WILL DO THE SAME FOR THE AMERICANS

The System derives its authority and public purpose from the Federal Reserve Act passed by Congress in 1913. As an independent institution, the Federal Reserve System has the authority to act on its own without prior approval from Congress or the President.

Controversy about the Federal Reserve Act and the establishment of the Federal Reserve System have existed since prior to its passage, and include whether Congress has the Constitutional power to delegate its power to coin money or issue paper money, whether the Federal Reserve is a private banking cartel established to protect large banks, or whether the Federal Reserves’ mistakes increase the frequency and severity of boom-bust economic cycles such as the Great Depression of the 1930s.

http://en.wikipedia.org/wiki/Criticism_of_the_Federal_Reserve

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

THE POLITIONS WILL BE RICHLY REWARDED FOR THIER TREASON ,THE PEOPLE OF THE NATIONS WILL BE ECONOMIC DEBT SLAVES,WITH NO VOICE AND NO CHOICE OVER THIER AND THIER CHILDRENS FUTURE!!

“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

NATIONAL DEFAULT OR DEBT SLAVERY?

ICELAND SHOWS US THE WAY , DEFAULT TODAY, ITS THE DEBTS OF PRIVATE INVESTORS , NOT TAXPAYERS

Iceland Is No Ireland as State Free of Bank Debt, Grimsson Says
Iceland’s President Olafur R. Grimsson said his country is better off than Ireland thanks to the government’s decision to allow the banks to fail two years ago and because the krona could be devalued.
“The difference is that in Iceland we allowed the banks to fail,” Grimsson said in an interview with Bloomberg Television’s Mark Barton today. “These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks.”
“How far can we ask ordinary people — farmers and fishermen and teachers and doctors and nurses — to shoulder the responsibility of failed private banks,” said Grimsson. “That question, which has been at the core of the Icesave issue, will now be the burning issue in many European countries.”
“The taxpayer has no realistic prospect of being able to save their banks, such is the magnitude of their bad loans and their extraordinary dependence on central bank support,” wrote Michael Derks, chief strategist in London at foreign-exchange firm FXPro. “Both junior and senior bondholders in these insolvent banks need to suffer huge haircuts,” he said.
Forcing bond holders to “share the burden,” may help the euro region remain intact, Derks wrote.
http://www.bloomberg.com/news/2010-11-26/iceland-faring-much-better-after-permitting-banks-to-fail-grimsson-says.html

YOUR CHOICE…ITS TIME TO PROTEST AND SURVIVE

TAKE YOUR MONEY OUT THE BANKS , BUY PRECIOUS METALS AND SOME TINNED FOODS TO SEE YOU THROUGH A ROUGH PERIOD.

SQUAT YOUR HOUSE , DO NOT LET THE BANK STEAL IT!!!!

PROTEST AND SURVIVE ,THERE IS NO JUSTICE ,THERE’S JUST US!!!

SOME RELATED POSTS…

https://cuthulan.wordpress.com/2010/07/13/the-last-act-of-any-government-is-to-loot-the-nation-do-you-have-the-feeling-youre-being-robbed/

https://cuthulan.wordpress.com/2010/05/09/bank-corruption-and-fraudthe-who-the-how-and-the-why-and-the-simple-solution/

https://cuthulan.wordpress.com/2009/10/12/us-government-making-a-killing-on-war/

https://cuthulan.wordpress.com/2009/09/02/a-short-history-of-global-domination-or-rockefella-rothschild-and-the-capitalist-communist-nwo-con/

PROTEST AND SURVIVE!!

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