European Central Bank Swallows Nation States
Three months ago, I wrote an article covering the financial crisis in Europe. The article, which is now the final chapter in the updated version of Crisis by Design (http://johntrumanwolfe.com/products-page/), exposes the fact the current crisis is caused. It is designed. Designed to create enough financial chaos in the EU to provide the basis for international bankers to move in and take over.
That happened yesterday – June 29, 2012.
What follows is the introductory pages to the article and then a summary and link to the take over of the finances of all Eurozone countries by the European Central Bank, which is now the Fed of Europe.
A staggering, and predictable development.
THE FINANCIAL CRISIS: ACT THREE
It would have been Shakespeare’s greatest tragedy…and farce…and drama.
It is a play of such power that it brings sovereign nations to their knees and sends Presidents and Prime Ministers to the dustbin of history.
It was they who took quill in hand to script this drama. They also Executive Produced the play and brought in the bad boy of international finance – the International Monetary Fund (IMF) – to direct.
Entitled “The Global Financial Crisis,” Act I opened on Wall Street with a 778 point drop in the Dow in September of 2008 and was followed by a command performance in the U.S. Congress shortly thereafter. I examined Act I in great detail in Crisis by Design The Untold Story of the Global Financial Coup (www.crisisbydesign.net).
Act II, sub-titled The European Financial Crisis, is currently being performed daily in the streets of the PIIGS (Portugal, Italy, Ireland, Greece and Spain) for standing room only audiences in the respective parliaments (see my essay, A Greek Tragedy: Pulling Back the Curtain on Bankers Gone Wild, http://johntrumanwolfe.com/products-page/).
There is a theme to this play – a message really. The message, subtle at first, now roars from the pages of the financial press like a raging forest fire demanding solutions that have, in fact, been long since preordained: the crisis is too overwhelming for any one country to deal with; sovereign nations can no longer manage their own financial affairs -international financial organizations – the IMF – must act to save these economies.
If society is going to be saved from a caldron of financial chaos, loans must be made to the governments affected by the crisis as well as to the banks in their countries that are too big to fail. (It is these very banks, of course, that buy the government debt and thereby keep the fiscal needle in the arm of those in power).
These people have the IQ of roadkill – the countries are in financial crisis because they borrowed too much. The IMF’s solution is to lend them more money.
But they are not really “stupid” in that sense. Oh no. They know exactly what they are doing. The junkie is hooked.
The banker keeps the needle in the vein, because without it… society goes into withdrawal. And like the agony and convulsions of a body coming off of smack, countries with dependent populations that are forced to live within their means, experience civil unrest, riots and political chaos.
Withdrawal by any other name….
Politician become nauseous, and retch endlessly behind closed doors considering such things.
They posture for the press, and speak of national sovereignty and fiscal austerity; but in the dark paneled rooms where they once held power, they beg for bail-outs in disgustingly propitious tones.
The money comes… as long as the government signs the loan agreement that comes with it, giving de facto control of their financial, and other governmental, affairs to the IMF, who, in turn, serve the poppy growers in Basel.
I wrote this article a few months ago.
On June 29, 2012 The London Telegraph published the story of Germany caving in to EU demands to bail out Italian and Spanish Banks and to have the European Central Bank take over the finances of EU countries.
This is summarized in G. Edward Griffin’s weekly newsletter http://www.realityzone.com/currentperiod.html
A threat by Italy and Spain to ‘block everything’ at an EU summit meeting causes Germany to agree to an EU bailout of those countries to the tune of $126 billion. Also agreed upon is the creation of a new, centralized financial authority that will control the monetary policy of EU countries.