Why blame the Germans?on September 26, 2011 at 16:32
George Soros recently made some rather dangerous and misleading comments in “The New York Review of Books” regarding the disintegration of the Euro and the situation with Germany and Greece. He compared the current situation to the sub-prime crises that hit the U.S.A. in 2007-2008 and drew similarities between the past situation and the present.
In a four step outline, he explains his resolution to the unthinkable. His opinion is that the Germans are to blame for the situation and that the seeds of a future crisis had already been sown. He blames the German Constitutional Court for prohibiting future guarantees that benefit additional countries without being approved by the Bundestag budget committee first. He feels it would constrain the German government’s discretionary powers in confronting any future crises that may arise.
Soros believes that leaving the Euro would help Germany to regain competitiveness, but by making the sacrifices required, they could stay in. Bankers and politicians have been arguing over a Euro rescue for about two years already. He feels that the European Financial Stability Facility (EFSF) would help to protect bank deposits while the International Monetary Fund (IMF) would assist with recapitalizing the banking system. Countries that do this would be able to escape from their current crises. He goes on to explain that it is not in the best interests of the European Union (EU) to allow countries to collapse and take down the global economy with them. Essentially, his resolution includes printing more currency or what is termed “Quantitative Easing” elsewhere in the world.
He also believes that the next crisis will stem from the way in which the previous crisis was handled by authorities when they accepted the principle that those countries who receive assistance will not be paying punitive interest rates. The fact that they set up the European Financial Stability Facility (EFSF) for the purpose of fund-raising was also criticized. He blames the severity of the Greek crisis on this too.
According to Soros, the inability to pay sovereign debt is contagious and that it has spread to Italy and Spain already. However, since they can’t borrow at lower rates such as those extended to Greece, they will eventually end up in the same situation as Greece, whose debt burden has become unsustainable. While bondholders have been offered voluntary restructuring at lower interest rates and decreased repayments, no arrangements have been put in place for defaults from the Eurozone.
In September 2011, a group of around one hundred Germans staged a protest out of desperation, marking the first organized democratic resistance against the Euro. The protest took place in front of the European Central Bank (ECB) headquarters. Organised by the “Partei der Vernunft” (Party of Reason), protesters held up banners with the slogans “Stoppt die Schuldenunion” which means “Stop the Debt Union” and “Raus aus dem Euro,” which means “Out of the Euro.” Silver Bullion is in favour of Germany leaving the Eurozone or that Greece makes a voluntary exit.
The Euro is the common currency which has led to the United Debts of Europe (UDE) and is touted as an instrument which would put Germany in a situation where they can pay for the long-standing extravagances of other weaker Euro countries. It is understandable that the Germans do not agree with this system; however their views are not respected, especially by the bankers and their political allies.
This division among the Eurozone public and politicians can no longer be ignored as it has gone on for far too long already. Taxes in Europe are high and newly digitized money only reaches the financial industry. The economy does not benefit from it and Europeans are dissatisfied with the undemocratic European Union (EU) system. Meanwhile, the EU Council and European Commission make autocratic decisions at the expense of the public. It is a system designed to enhance the wealth of the politicians and bankers while the people suffer. In fact, the EU system only serves to enslave people despite the best of claims to the contrary.
Rumours have emerged which suggest that Germany, the Netherlands, Finland and Austria could be exiting the Eurozone any moment now, as they had already printed local currencies. In this way they would be leaving behind the problem that was created by the southern Eurozone states. However, a separation from the European Union (EU) will be complicated as the result of the monetary integration of 12 years. Additionally, it will signal the end of unity in debts for Europe. France will suffer most in the event of these four countries exiting the Eurozone and it would seem that a peaceful resolution is unlikely. In fact, Soros stated that “there is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow. This would require a new treaty, transforming the EFSF into a full-fledged treasury.”
Russia had recently announced that it is willing to buy the Eurozone bonds which will be issued by the ESM. However, this money and money from China will not be a solution. While China is facing a number of domestic issues, Russia will face immense opposition from internal sources if they decide to squander their resources on the bankrupt European Union (EU). The feeling is that these two countries have enough to worry about in their own territory without worrying about the debt of their neighbours. In light of this situation, there is little for Greece to do, but agree to an involuntary exit and this is expected any day now. The system is under severe strain and it cannot access any capital markets with the 100% and higher interest rates.
This situation will not only mark the end of the Euro, but also the end of the European Union (EU). France and Germany will have to face the problem of possibly trillions in debt. Due to the many misrepresentations of the truth by Eurozone members who are not quite following protocol, the exact magnitude of the crisis will only be evident when bank liquidations and national bankruptcy procedures become public knowledge. Some of the debt will have to be written off while trying to hold together the European Union (EU) and all the debts it has, both private and public.
George Soros’ statements are however highly inflammatory and were met by much antagonism and rightly so.
One commentator said: “I don’t fear a depression, nor do the public – where already there. We fear more powers given to the bankers. Mark my words: Europeans will not stand for this without blood on the streets.” To many readers, it already feels like a depression and the threats of an induced depression which will make the rich richer are making them angry.
Another commentator states that Soros is speaking to readers as though they are all idiots and refers to him as a “shoe-polisher to the Illuminati.”
Yet another commentator states quite accurately that politicians are afraid to see the EU project for the disaster it has become and that it is falling apart. While it would be the right thing to abolish the idea and becoming unemployed, they are unwilling to let go of their powers. By placing countries with debt problems under the same umbrella as those countries with stronger economies, it simply pulls the stronger economies down as well.
Soros is obviously following the agenda of the central banks and their political allies that are mainly under Jewish control. These are the entities that are the main drivers of the “paper gimmick,” which is mainly responsible for the adverse economic and political situations faced in many countries today. The blame of the situation should not be placed at the feet of the Germans, but rather at the feet of the bankers and their allies, political and otherwise.
Although the mainstream media tries to portray Soros as anti-Jewish, he is in fact very pro-Jewish. This is one of the techniques that the mainstream media uses to deceive the general public. The truth be told, Soros is nothing short of a tyrant who desires world domination. As one commentator states: “He’s not a communist. He is a tyrant that, like all tyrants, desires global domination. He is an architect of the New World Order, which will allow a few dozen neo-feudal aristocratic families to dominate humanity forever under their heel. Call a spade a spade, and don’t be confused about what exactly this man is.”
The comments made by Soros are nothing short of a subtle threat against the Germans, that unless they follow his suggestions, they will have a World War III on their hands. His comments can rightly be added to the heap of garbage that is spewed by the mainstream media at the expense of Germans (and decent people of all races!) on an almost hourly basis. The truth be told, the Germans are not the “soulless, evil zombies” as portrayed in the mainstream media, but a hardworking and disciplined body of people who desires to be left alone by the likes of Soros. Soros commented: “The German public still thinks that it has a choice about whether to support the Euro or to abandon it. That is a mistake. The Euro exists and the assets and liabilities of the financial system are so intermingled on the basis of a common currency that a breakdown of the Euro would cause a meltdown beyond the capacity of the authorities to contain. The longer it takes for the German public to realize this, the heavier the price they and the rest of the world will have to pay.”
In the end, the only way to protect yourself against economic down turns, recessions and depressions, is to put your money into precious metals, gold and silver in particular. This way, your monetary wealth is an asset, no matter what happens to the world economy.