Posted on 07/05/2015 10:33:29 AM PDT by Enlightened1
Can't wait 4 more hours until the first official results from the Greek referendum trickle in? The "Intelligence Unit" of the Economist Group, part-owned by the Rothschild banking family, has already called it and the "Oxis" have it by a wide margin.
(Excerpt) Read more at zerohedge.com ...
Break out the popcorn. Things are going to get interesting.....
The Euro will tank, and the Dollar will go up.
However, the Establishment/aka the Globalist want to see a weak U.S. dollar, and will trash Greece on Monday. So expect to see markets dip this week.
Actually it has been Greece (and the other PIIGS) that has been keeping the Euro down. The exit of Greece strengthens the currency. I would more likely to expect it to go up. The only reason the Germans have tolerated and funded so much shenanigans is because with the depressed Euro they can keeping playing as an export economy without the normal effect of currency appreciation due to trade imbalance.
They want Oxi’s instead
I’m thinking that whatever is bad for Rothschild banking interests is less bad for the little folks.
The “winners” are likely to be the small town farmers as another article surmised.
Greece bailed out the Euro on the advice of the Central Banks of Europe back in 2008.....
They have been on 3 or 4 different plans, and only get further into the hole following the advice of the European Central Bank.
It turns out the European Central Bank loan is made up largely of Derivatives. See Iceland if you do not believe me. They found out 93% of their loan from the Central Bank was from Derivatives.
Derivatives are 100% fraud! They should not be allowed because it’s money that came out of thin air of the Central Banks. It’s like me giving you a loan on money I don’t have.
My understanding of the current bank bank fractional rate is that it is at least 1000 to 1 dollar deposited in a bank. For anyone that does not understand this. It means the Central banks can loan up to 1000 dollars for every 1 actual dollar deposited in a bank.
So the banks are giving you loans on money they don’t have, via the private Central Bank, that is printing money print out of thin air. It’s supposed to be Gold backed, and the Central Banks claim they have it. However, they will not let you audit them. Hence, the “audit the Fed” movement.
It use to be 10 to on the bank fractional rate.
It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin
"OMG! I got a credit card! I can take out up to $1,000 per month in cash advances, and my minimum monthly payment is only $143. Heck, I can do this forever! Now I understand how those rich people live so well!"
A year later and the card is maxed out, and the bill collectors are closing in. The liberal is furious:
"Those evil banks... how dare they hound me for money. It's their fault they lent me money, those greedy creeps!"
Greece did originally did not need a loan. They did it on the advice on the Central Banks to help out the Euro.
The Private Reserve Central Bank gives loans on money they do not have (which is scam in itself)...., and they know that cannot be paid back.
Then when the economy of a country crashes they buy everything up for pennies to the dollar.
That is how the game works. They have been doing since Waterloo.
Greece needs to follow the Iceland plan. It worked very well, and their economy is booming now.
It is unfortunate you focus on one sliver of the big picture to the exclusion of more important issues. See other comments in the thread for edification.
That would be strange since 75% of Greeks want to stay in Euro.
That would be strange since 75% of Greeks want to stay in Euro.
Trying to declare the previous bailout loans as somehow invalid because the lenders did creative things to get the money to lend you is just a cop out. They were lent REAL money, and regardless of where the money came from, it is rightfully owed back to the lenders.
You can't live forever on a continuous stream of new loans if you have no intention of living within your means and eventually working toward paying back the loans. At some point, the lenders will stop lending.
I am VERY happy with this result. Ecstatic. Now, the voters will learn that economics is about numbers and not rhetoric, Greece will get hammered by the EU/Germany, and the surge of socialism will be stifled for a couple of decades once people realize just how hammered the Greeks were.
“Those evil banks... how dare they hound me for money. It’s their fault they lent me money, those greedy creeps!”
Actually, the argument said it was the fault of the Germans who liked to work hard and build things and save their money. The Germans sold the things they built to the Greeks and loaned them the money to buy them. If the Germans had valued leisure more, worked less, and saved less, the unfortunate Greeks would not have borrowed so much money and this would not have happened.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.