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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (93201)	8/7/2012 8:19:31 PM
From: arun gera	Read Replies (2) \| Respond to of 219848

.> These American banks would go under if Greece defaulted. Mrs. Merkel agreed to sacrifice the German banks and to impose losses on the German banks in order to help America. She seems to have put American interests before her own national interest,> Maybe independent nations have always been a front for an Empire - in this case the Anglo-American empire...or in corporate speak - brands of a conglomerate.

To: carranza2 who wrote (93201)	8/7/2012 9:02:41 PM
From: bruiser98	Respond to of 219848

More here michael-hudson.com >>>The way this plays out between America and Greece is that apparently, a few months ago, Europe had told Greece that Greece would have to write down the debts to about 25 cents on the dollar. The US Treasury Secretary, Timothy Geithner, went over to Europe and said that our US banks believed that Europe would bail out Greece and lend it the money to pay, so they have all made counter-parties to bet that Greece is going to pay 100 cents on the dollar. And your banks in Greece and France and Germany have all taken out insurance – they have bet that the price will go down, so if Greece defaults, we Americans are going to have to pay maybe $50 billion on losing bets. We would like you to please do what Europeans are supposed to do – will you commit financial suicide and will your leaders support the US banks against your own banks so that we will not lose money? Otherwise we will make sure that you do not win elections because we will pour American money into your opponents and we will put in a puppet government that does whatever we want. So it is your money or your life – you had better do what America tells you to do and bail out Greece. Well, I was told by German bankers that they told them, “Get the hell out of here!” And the result is that Greece is probably going to default in two days. So Mr Geithner said, “Look, if we go under, I’m going to make sure that we are really going to do everything we can to hurt you, but I’ll give you the money – we at the Federal Reserve will just print tens of billions of dollars and we will give you the money to bail out Greece at US taxpayers’ expense so that our main campaign contributors, the Wall Street banks, will not lose money.” So in other words you have the Obama administration and the Secretary of the Treasury, loading down the American taxpayers with debt in order for yet another give-away for the banks that have made really bad judgments, and they are trying to make Europe lose too. Today in America, the stock markets fell 200 points on the Dow Jones Average because they realized that the game is up and this rip-off is going to stop, and the Obama administration has just shamefully tried to double-cross the electorate to Wall Street, its campaign backers, yet again. KF: Why is this going to happen in two days? I would have thought it might have happened closer to the end of the financial year for the banking sector to perhaps write off some of these losses. MH: Because in two days, Greece sends out a tender asking all the banks that hold its bonds to save the American gamblers from losing by saying “Will you voluntarily write down the debts by 75%? Will you lose three-quarters of your money voluntarily so that the American banks won’t get angry and come over and shoot us?” That was the word used by the German bankers, that Americans will shoot them. They are afraid for their life – that is the real war going on and it frightens them. So the Greeks said, “Look, if you don’t voluntarily write down the bonds that we cannot pay to 25 cents on the dollar, we are going to announce that we are in default.” That happens on Thursday, and if that is in default, then all of the American casinos that have guaranteed against default are going to have to pay the German banks, the French banks, the Greek banks and the other European banks 100 cents on the dollar because that is what these banks have paid for – that is what a derivative and an insurance policy, or a credit default swap is, it is a guarantee. Like most American and British insurance companies, Wall Street does not want to pay. We have had pretty much a criminalization of the financial markets here in the United States, and actually, there has been a Nobel prize given to Akerlof for describing the financial sector as a criminalized sector, and that was an economics prize. So it is pretty much recognized in academia that Wall Street is corrupt, but this is not played up so much in the newspapers. KF: So you have recently been in Germany and Italy and you had some private meetings with bankers – you are always called in as an adviser – is that where you found out this information on Geithner? MH: Yes, from Frankfurt.<<<

To: carranza2 who wrote (93201)	8/15/2012 10:13:36 AM
From: Worswick	Read Replies (2) \| Respond to of 219848

Sublime....and wonderful Many thanks .... Clark

To: carranza2 who wrote (93201)	8/15/2012 10:24:47 AM
From: elmatador	Read Replies (1) \| Respond to of 219848

Fleecing: Merkel agreed to sacrifice the German banks and to impose losses on the German banks in order to help America. She seems to have put American interests before her own national interest, and cost the German people hundreds of billions of dollars by doing this. It is as if the leaders of Europe are hypnotized by a kind of Dr. Caligari who ends up to be running the asylum. Brazil did the same. Exported like mad. Exports dollars out of the door to pay interest and principal of the debt. High interest rates made sure the debt service kept growing.