Economic Rape of Europe Nearly Complete, Part III
In Part I of this series, I reviewed the campaign of U.S. “economic terrorism” which has ravaged many of the economies of Europe – and set the stage for their economic destruction. In Part II, I identified three of the most important strategies which will be used to “finish the job”, and discussed one of them: either to steal the national gold reserves of these nations, or to hide the fact that those national hoards of gold were already squandered.
In this installment I will focus on the second strategy for completing the looting of Europe. It is a mere two-word phrase, and arguably the most-odious two-word combination in the realm of 21st century economics: “loss guarantees”. It is the ultimate form of “welfare” for both the banker Oligarchs and the bond parasites, and the principles behind it are extremely simple...
...We see exactly the same pattern forming with Europe’s deadbeat-debtors as we saw in the U.S. with the deadbeat-bankers. Hide and lie about the magnitude of losses. Attach binding “guarantees” to those losses – which are nothing but pre-approved hand-outs – and then plunder every last drop of wealth out of these economies in (relatively) small installment payments. Just as the “math” associated with the Wall Street welfare proves that these are “guaranteed losses” rather than mere loss-guarantees, so too do the numbers from Europe tell the same story.
After two years of “fixing” and “rescuing” the economies of the Euro debt-sinners, every one of those economies is less-solvent today than it was when this farcical process began – except for Iceland, which refused to capitulate to the banksters with its own loss-guarantees, and has thus escaped from the banksters’ choke-hold.
Note that only part of the problem here was the original losses caused by the crime-spree of Western multi-national bankers. Much (most?) of the damage has in fact been caused by the scorched-Earth “austerity” preached by economic neo-Nazi, Milton Friedman. As the eminent Naomi Klein chronicled in her critically-acclaimed body of work titled “The Shock Doctrine”, any/every economy exposed to Friedman’s rape-and-pillage “capitalism” has been destroyed by it.
The notable exceptions to this are the two “champions” of Friedman’s fascist doctrine: the U.S./UK “Axis of Evil”. Klein first lays-out how these two disciples of this sadistic ideologue were implementing his (literally) “bankrupt” policies on one nation after another. Frequently, Friedman’s economic rape was imposed on its victims through overthrowing the legitimate democracies of these nations; installing brutal, military dictatorships; and then torturing the local populations into submission. Economically, however, the chronologies are all identical: total economic collapse...
Full commentary: http://www.bullionbullscanada.…nal-commentary&Itemid=133
welle nach oben - gefolgt bald von gigantischer welle nach unten... schon bald
