Saturday, November 13, 2010

Currency Wars are a Sideshow! It’s the Bankers WHO are Waging War Against the People of the Planet...

The central banks first fool you into believing they are a branch of the government, when in fact they are privately owned and have subverted the power of money creation from Congress.

They have saturated the entire population of the United States with debt. They have saturated businesses with debt and allowed those with the greatest leverage to consolidate into unruly and totally controlling behemoths.

They have saturated all levels of government including towns, cities, counties, states, and the real Federal Government.

Once saturated with debt and left with an economy that’s failing, they seek more in the way of bailouts and money devaluation from the same populace who is already saturated many times over – the same people are responsible for all those debts!

They have also saturated many of the world’s mature economies in the same exact manner – same few sick narcissists. Only they do so under a different name – that of the IMF, BIS, or “World Bank.” These institutions are in fact NOT legal entities, they have not been authorized by Congress or by the People of the United States (or any other country), yet we allow our tax dollars to be given to these bankers who lever up the entire globe, conduct their business in secret, perform secret currency and gold swaps, produce money from nothing but require repayment in gold (how the IMF became the world’s third largest holder of gold), and then dictate the terms and behavior of nations and people’s by using the CONTROL created with their DEBT!

As other nation’s economies fail, they “come to the rescue” (LOL times a trillion) by providing LOANS! Ha, ha! You couldn’t make that up if you tried! Rescue people who are saturated in debt with more debt!?

Do we look stupid? Don’t answer that, we already know the answer – we are stupid! As in there is not a collective brain cell among us or we would have thrown them all in prison years ago!

Here’s the latest victim of “rescue,” Ireland:

Ireland Urged to Take Aid by European Officials

Nov. 13 (Bloomberg) -- Ireland is being urged by European policy makers to take emergency aid to contain a debt crisis rattling their markets, according to a person briefed on the discussions.

In a conference call of European Central Bank officials around noon Frankfurt time yesterday, Ireland was pressed to seek outside help within days, the person said on condition of anonymity. Separately, a European Union official said a request for assistance was likely even as Irish Finance Minister Brian Lenihan told RTE Radio that such a call “makes no sense” as the government is fully funded to mid-2011.

Irish bonds rose from a record low yesterday, gaining for the first time in 14 days as traders bet a bailout was near. Prime Minister Brian Cowen said for the first time that he is working with fellow EU leaders as “there are issues affecting the wider euro area” and that they are trying to “ensure that the bond markets respond positively to the euro.” He reiterated that his debt-strapped country has not sought cash.

“It seems difficult for Ireland to avoid tapping the fund unless they have new rabbits to pull out their hat,” said Julian Callow, chief European economist at Barclays Capital in London.

An ECB spokeswoman declined to comment and the Finance Ministry in Dublin said no talks on emergency funds were under way. ECB President Jean-Claude Trichet, speaking today in Tutzing, Germany, declined to comment on Ireland.

Possible Aid
Ireland could draw on the 60 billion euro ($82 billion) segment of the broader 750-billion-euro fund set up by the EU and International Monetary Fund in May, Irish state broadcaster RTE said, without saying where it obtained the information. The smaller pool is funded directly by the European Commission, the EU’s Brussels-based executive branch.

Luxembourg Prime Minister Jean-Claude Juncker, who chairs the panel of euro-area finance ministers, said yesterday there was “no immediate reason” to think Ireland will request cash and that officials would not meet before regular monthly talks in Brussels next week.

IMF Managing Director Dominique Strauss-Kahn said he was prepared to help. “If at one point in time, tomorrow, in two months or two years, the Irish want support from the IMF, we will be ready,” he told reporters today in Yokohama, Japan.

Oh yeah, I’ll bet they’ll be ready… to create digital money from nothing that enslaves an entire nation and robs future generations of their productivity!

Strauss-Kahn Says IMF Can Help Ireland’s ‘Difficult’ Situation

Nov. 13 (Bloomberg) -- The International Monetary Fund stands ready to help Ireland if needed, its managing director said, as market concern about the country’s debt crisis continues.

“Everybody knows that the situation with Ireland, it’s a difficult situation,” IMF Managing Director Dominique Strauss- Kahn told reporters today in Yokohama, Japan. “So far I haven’t received any kind of request. I think they can manage well. If at one point in time, tomorrow, in two months or two years, the Irish want support from the IMF, we will be ready.”

In a conference call of European Central Bank officials around noon Frankfurt time yesterday, Ireland was pressed to seek outside help within days, said a person briefed on the discussion who spoke on condition of anonymity.

What’s really happening here?

The “Fed” is a group of private banks. Banks the world over have lent more debt than can possibly be serviced. Then those same banks use artificially created “QE” hot money to place bets AGAINST the debts of nations like Ireland, thus spiking the cost of further borrowing. This sends them over the edge to the point of needing “RESCUE.”

What a game. They push people and countries over the edge and then claim to “rescue” them with more of their poison. It is sick, and they have unfortunately fooled the majority of people.

The people of Iceland fought against such bailouts, wisely so. They are fighting a tough battle because the criminal bankers control much of the globe and thus have managed to isolate Icelanders. But, as more people fight back against this insanity, we will eventually win the war that is being waged against us by the bankers! Ireland is trying to fight back, THEY NEED THE PEOPLE TO RISE UP, RIGHT NOW!

Government campaigns to avoid EU financial bailout

THE GOVERNMENT is campaigning to avert the threat of being forced to seek emergency fiscal aid from the EU authorities as it battles a drastic loss in investor confidence.

Market pressure eased slightly yesterday in response to an attempt by five EU finance ministers to boost the confidence of euro zone investors, but Irish and European officials remain very apprehensive about a record spike in the Government’s borrowing costs.

Uncertainty about Ireland’s frail position will come to the fore again on Tuesday when euro finance ministers gather in Brussels for their monthly meeting. Minister for Finance Brian Lenihan will be asked to provide an update on the bank rescue and on preparations for the 2011 budget and the four-year plan.

Three sources familiar with ongoing European scrutiny of Ireland’s plans said there is concern to ensure the Government manages to pass the budget and demonstrate to the markets it is executing the promised measures. They also acknowledged worries that the €45 billion bank bailout bill might rise.

Amid extensive efforts to shore up the Government’s position, there was contact between Dublin yesterday and the offices of European Commission chief José Manuel Barroso, European Central Bank chief Jean-Claude Trichet and German foreign minister Guido Westerwelle.

Taoiseach Brian Cowen and the European Commission last night dismissed a report by Reuters news agency that Ireland was already in talks about a drawdown of funds from the EU’s emergency fund.

“We have made no application whatever for funding. As the Minister for Finance has outlined, we have funding up to mid-year because of the pre-funding arrangements done by the National Treasury Management Agency,’’ Mr Cowen said as he canvassed ahead of the Donegal South West byelection. “So the sovereign, if you like, has that funding arrangement in place. We don’t have to borrow any money in respect of the sovereign issues that affect the Government . . .’’

Two well-placed sources told The Irish Times , however, that Irish officials have been involved in ‘‘technical’’ discussions about the procedures to be followed in the event of any aid application being made to the European Financial Stability Facility (EFSF). Such discussions have come amid informal contact between Brussels, Berlin and other capitals to assess their readiness to activate the €750 billion rescue fund.

Asked about Irish involvement in such talks, Mr Lenihan’s spokesman said “there are no talks on an application for emergency funding from the EU”. On RTÉ Radio yesterday, Mr Lenihan said the Government was taking a “step-by-step” approach to build up credibility in the markets and said there was no need to go to the EFSF. “First of all, the State is well-funded into June of next year, to fund the budget, I think that’s important, we have substantial reserves,” he said.

“So why apply in those circumstances? It doesn’t seem to me to make any sense. It would send a signal to the markets that we’re not in a position to manage our affairs ourselves.”

Irish bond yields sparked fear of euro zone contagion on Thursday when they climbed above 9 per cent for 10-year money. They declined yesterday to 8.14 per cent after Germany, France, Spain, Britain and Italy said the holders of existing euro zone debt would not be compelled to take a writedown in a sovereign crisis.

What is happening is clear. The people of the world are under attack in the real global war. “Currency wars” are a symptom of the larger problem that is illustrated here.

Banks saturate countries with debt, then use printed money to bet against that very debt, thus pushing them over the edge by jacking up their borrowing costs, just like Ireland's:

...Then comes the "rescue!"

WHAT’S MOST IMPORTANT IS WHO CONTROLS THE PRODUCTION OF MONEY! Banks do not own this power, the PEOPLE do – It’s time to take that power back!