Monday, June 20, 2011

Lord Stirling's News Blog EUROPE

Holy Shroud of Turin

Powerful prayer to St. Michael the Archangel - video ~ link

AVA MARIA - by Helene Fischer - video ~ link

Lord Stirling's news blog EUROPE

EU gives Greece ultimatum ~ link ~ The debt is a result of fraud upon the people of Greece by the Global Banking Cartel and the corrupt Greek politicians, something that is common throughout the world.  The people should tell the crooks to 'go to Hell'.  Stirling   
Euro zone finance ministers gave Greece two weeks today to approve further spending cuts and tax rises in exchange for another 12 billion euros in emergency loans, piling pressure on Athens to get its ragged finances in order.

After two days of crisis talks, the ministers effectively issued Athens an ultimatum, saying the Greek government, parliament and broader society had until July 3 to approve a new austerity package that includes privatisation measures in order to secure the release of the next tranche of EU/IMF aid. 

Power cuts hit Greece as protests grow ~ link ~ The global banksters now want to sell, no doubt at 'fire sale prices' the state assets of Greece to corporations controlled by the same families that control the Global Banking Cartel, in payment for the earlier fraud involving these same families.  Stirling     

Greece has been hit by rolling blackouts as employees at the main power company began 48-hour rolling strikes to protest the company's privatisation, part of austerity plans needed to avoid a national debt default.

The sell-off of state assets in the power company is a major step in a 50 billion euros ($A68 billion) privatisation drive that must be completed by 2015. It is part of highly unpopular austerity plans, including more tax hikes and spending cuts, that must be passed by parliament by the end of the month if Greece is to get the next 12 billion euros ($A16.3 billion) instalment of its 110 billion euros ($A149.54 billion) bailout next month.

New bailout may buy only months for Greece ~ link ~ This new bailout is simply another trap for the people of Greece and profit for the Global Banking Cartel. Stirling   

Like the first bailout, a 110 billion euro loan package, the second bailout will include huge amounts of official aid — perhaps an additional 60 billion euros, official sources say. Both plans envisage Greece raising tens of billions of euros by selling state assets, though the second bailout will attempt to accelerate this moderately.

The main difference between the plans is the inclusion of the private sector in the second. If officials can solve the legal and technical problems, private investors will maintain exposure to Greece by voluntarily buying about 30 billion euros of bonds as their current holdings mature, the sources say.

But this step is more useful politically than economically. It limits the burden which official creditors must assume, helping Europe’s donor governments justify the second bailout to their taxpayers, but it does not cut Greece’s debt.

That leaves heavy pressure on Greece to pay down debt with tax revenues generated by economic growth. Here the outlook is grim; the EU, the IMF and the European Central Bank expect the economy to shrink 3.8 percent this year, worse than the 3.0 percent assumed in the first bailout plan, and some private analysts predict a contraction of around 5.0 percent.

Although the bailouts require Greece to introduce regulatory changes, labour market reforms and other steps to make its economy more competitive, it is still not clear if these will be enough to offset the fact that as a member of the Eurozone, Greece cannot cut interest rates or depreciate its currency.
EU gives Greece an ultimatum: More Austerity Fascism or no more loans ~ link ~ The world's nations have to break the debt slavery to the Global Banking Cartel!  They are keeping the world in boom and busts cycles, including the current new Global Depression, and usurping governmental roles to do so.  Stirling        
Europe gives Greece ultimatum: Austerity for loans ~ link ~ This austerity is economic destruction, it is Austerity Fascism, it is 'highway robbery'.  Stirling     
"The approval of the Greek parliament is absolutely essential and it will have to arrive in a timely fashion so we can take a decision on July 3," said Jean-Claude Juncker, who chairs the Eurogroup of the 17 euro zone finance ministers.

Finance ministers from the Group of Seven industrialized nations held a second conference call on Monday after discussing on Sunday night the potential impact on global financial markets if Greece were to default.

Greece: Government to face vote of confidence in Parliament Tuesday ~ link ~ If the government survives the vote, Greece's parliament will be asked to back the latest spending cuts - worth 28bn euro - on 28 June.
Tuesday's vote of confidence is on the new Greek cabinet, which Prime Minister George Papandreou put in place last Friday.

Vote of Confidence is only first step for Greece ~ link ~ A step into deeper debt slavery and Austerity Fascism for the people of Greece and more power and money for the satanic Global Banking Cartel families.   Stirling      

Greek crisis: Revolution in the offing? ~ link ~ This BBC article underplays the real danger to not only Greece but all of Europe and many other parts of the world from the total chaos that the global banksters have caused, as well as underplaying the likelihood of all-out revolution.  Stirling    

This is the real crisis in the eurozone. A young generation lost, without work. The figures are staggering. In Spain unemployment for 16 to 24 year olds is running at 43%. In Italy it is more than 25%. In Europe millions of highly educated young people are being denied the opportunity of working

The eurozone has proved a terrible trap for so many countries. The low interest rates, the easy money led to property booms, speculation, and piles of debt. Reducing the debt is now exacting a terrible toll on a generation. In Spain they called themselves the "indignants" but no-one knows what this generation will do with their anger. 

The Greatest Depression Has Only Begun ~ link ~ The greatest depression in human history is still in its starting stages. What the media and many officials often refer to as the "hangover" from the global financial crisis is in fact the end of the beginning. Originating in 2008, the global economic crisis took the world by storm: banks collapsed, the "too big to fail" became bigger by consolidating the rest, governments bailed out their financial industries, masses of people lost their jobs, the 'developing' world was plunged into a deep systemic crisis, food prices rose, which in time spurred social unrest; and the Western nations that took on the bad debts of the big banks are on the precipice of a great global debt crisis, originating in Europe, hitting Greece and Spain, but destined to consume the industrialized world itself. Though many claim that we are in a "recovery," things could not be further from the truth. 

And now top financial experts are warning of a new financial crisis altogether, since the monstrous derivatives market that played such a nefarious role in the preceding crisis has not been altered, nor have its systemic risks been addressed. The derivatives market - essentially a fictional electronic market of high-stakes gambling - has a value ten times that of the entire global gross national product of the world's countries combined. This market is dominated by hedge funds and the "too big to fail" banks, who in fact created the derivatives trading schemes. As one leading hedge fund manager recently stated, "There is definitely going to be another financial crisis around the corner... because we haven’t solved any of the things that caused the previous crisis." The market for derivatives is somewhere in the realm of $600 trillion.

The Collapse Of Nations All By The Hand Of Corrupt Bankers ~ link ~ Take the time to read all of this at the link, great article.  Stirling      

What professionals for the most part do not seem to understand is that the events of 2006/07 have never been solved. On February 2009 the inflationary depression began. There has now been a double dip since then. What we have witnessed is slight revivals caused by the injection of money and credit. Unemployment is close to the same level it was 2-1/2 to 3 years ago. That phenomenon has been the same in the UK and Europe. In the UK the Bank of England and in Europe the ECB are doing the same thing the Fed is doing and that is buying government debt by creating money and credit out of thin air. The City of London, Wall Street and Frankfurt would have you believe these injections into the systems were working, when in fact all they have done is temporarily bail out Wall Street and the City of London and the European financial centers as well as the governments involved. Nothing has been done to structurally assist the system and put people back to work. What readers have to understand is that what has been done to these economies does not work and the participants know it doesn’t work. Professionals, who are not connected with the elitists, have panicked, because they do not understand what is going on - what is being done to them. The market was ripe to fall, but there is another important factor, Wall Street wants a short-term debt extension with little or no spending cutbacks. The new conservatives say no, we are not going to do that. The market will be taken lower until these representatives see the light. How far are they willing to take the market down, probably to between 8,500 to 10,000 on the Dow, or until Congress gives them what they want. In the meantime they will attack commodities, gold and silver, so no one can profit. Unfortunately for them, that isn’t working this time. They are lower, but come back every time they are artificially pushed down. We believe that is what this market correction is all about. Wall Street will take the market down as far as they have to in order to get what they want. In the meantime the Middle East and Europe are in turmoil and wars abound in a number of Middle Eastern countries. Those on the inside understand that the market is fueled by major deficit spending and the injection of money and credit, as government inflates debt away. The economy and the market for the last two years have not justified stock prices at the level they have maintained during that period. The same is true for the UK and Europe.

Greece and the other countries in financial and economic trouble should have never been included in the euro zone. They simply were not qualified and the solvent countries not only knew that, but also stood by as these countries cooked the books with the help of JPMorgan, Goldman Sachs and Citigroup. We wrote about it 11 years ago, but no one was listening.

The Greeks after a year of austerity have had enough of it, and are in no mood to give away their country to the bankers. An interest in the telecom company was recently sold to the Germans for $0.30 on the dollar. The Greeks are not going to stand still for anymore such sweetheart deals. When Greece entered the euro zone on January 1, 2001, they were happy to have an austerity program for entry in as much as they had the highest inflation rate in Europe. Their deficits were higher than any other EU country at that time, but the bank and sovereign loans kept coming, because it was political. The EU and the euro zone were to be the template for the new world currency and the new world government. That is why Greece and others were rushed into the euro zone. Then there was the novel and stupid concept of one interest for all, which we said at the time guaranteed disaster, and that is what we have ten years later

Israel vows to stop new Gaza Aid Flotilla ~ link ~ If this was anyone besides the State of Israel doing this the global outcry would be deafening!  What Israel is doing is beyond shameful!   Stirling      

Morgellons: Altered Blood ~ link  

Libya: NATO airstrike killed 15 civilians including 3 children ~ link ~ The tax dollars of several hundred million, from Europe and North America, at work.  Stirling     

Levee near Nebraska's Cooper nuclear plant about to break - video ~ link 

1 comment:

Anonymous said...

Turkey is getting hostile with Syria and, at the same time,
getting out of the flotilla.

Do you think there's a connection and that the fight between Turkey and Israel was nothing more than an act?