Greek Debt Deal a Financial Coup-Rob Kirby [Video]

kirbyGreg Hunter – Macroeconomic analyst Rob Kirby thinks that everybody should take notice of what is happening with the Greek debt crisis drama.  Kirby contends, “What has occurred in Greece, make no mistake, it is a financial coup.  It is not a bailout.  It’s a takeover by force.  The leader of Greece has obviously been told, and effectively has a gun to his head, the way it’s going to be.

The Greek people voted for what they want, and we know what the Greek people’s wishes are, and they don’t want more austerity.  They want to divorce themselves from the IMF and the European Central Bank (ECB).  We know that clear as day, but that is not acceptable to the global elitists and the globalist bankers.  They have said we don’t really care what you think.  It’s going to be the way we say.

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The rest of Europe should sit up and take note of this because there are other countries whose finances are also not in good shape, namely, Portugal, Spain, France and Italy. . . . If global bankers are allowed to get away with this, then this is what you can expect in your country real soon.”

So, is Greece the template for other counties around the world with extreme debt problems?  Kirby says, “This is very aggressive, and to suggest this is a template for what’s going to be done in other countries is sort of like saying a mugging has a template.

Muggings are very aggressive, nasty acts, and when you are being mugged, you have fight or flight reflexes.  When you get into a dustup with anyone, how it is going to end is anybody’s guess. . . . It seems to me the bankers will use anything at their disposal, including threats and including offing people.  This is a very nasty, nasty game.  What is at stake here is world domination.” Continue reading

‘End ECB Dick-tatorship!’ [Video]

A protester, apparently from the FEMEN protest movement, interrupted a televised speech by European Central Bank president Mario Draghi, when she jumped onto the table and showered him with confetti, while shouting “End ECB dictatorship!”

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It was unclear how the woman, who was wearing a t-shirt with the punning slogan “End ECB dick-tatorship” was able to gain access into the ECB headquarters in Frankfurt. Although the protester, who appeared to have an English accent, eschewed FEMEN’s customary tactic of naked protest, several media observers identified her as an activist belonging to the international protest group. She had allegedly gatecrashed previous public appearances by Vladimir Putin and Dominique Strauss-Kahn. Continue reading

Freedom, Where Are You? Not In America Or Europe

PaulCraigRobertsWhen the former Goldman Sachs executive who runs the European Central Bank (ECB) announced that he was going to print 720 billion euros annually with which to purchase bad debts from the politically connected big banks, the euro sank and the stock market and Swiss franc shot up. As in the US, quantitative easing (QE) serves to enrich the already rich. It has no other purpose.

The well-heeled financial institutions that bought up the troubled sovereign debt of Greece, Italy, Portugal, and Spain at low prices will now sell the bonds to the ECB for high prices. And despite depression level unemployment in most of Europe and austerity imposed on citizens, the stock market rose in anticipation that much of the 60 billion new euros that will be created each month will find its way into equity prices. Liquidity fuels the stock market.

Where else can the money to go? Some will go into Swiss francs and some into gold while gold is still available, but for the most part the ECB is running the printing press in order to boost the wealth of the stock-owning One Percent. The Federal Reserve and the ECB have taken the West back to the days when a handful of aristocrats owned everything.

The stock markets are bubbles blown by central bank money creation. On the basis of traditional reasoning there is no sound reason to be in equities, and sound investors have avoided them.

But there is no return anywhere else, and as the central banks are run by the rich for the rich, sound reasoning has proved to be a mistake for the past six years. This shows that corruption can prevail for an indeterminable period over fundamentals. Continue reading