Jun 2001
Posted by ReD as News
They lied and lied again. They lied when they declared that
the euro would protect the purchasing power and reduced him opposite
40%. It was so safe and convenient - they said - that was not only
unnecessary a referendum, but rather people had
absolutely pay additional taxes to deserve the privilege of
join the euro, the single currency.
Lied about the amount of fees payable to join the euro:
first were 5,000 billion lire, then 10,000, then 20,000. In some
point they told us we finally in the Euro, the single currency.
But here again lied, and now there are caveats: the Euro is not
a single currency. Say this was a scam. It is something
very different: a set of fixed parity of exchange between different
participating currencies. It 's like the old European Monetary System,
jumped in the early '90s, only introduced notes and
change common to support the illusion that a coin
only. Not a single currency because the Euro is produced by the ECB and
'Sold' to the country against government securities of
individual countries. Each country produces and sells its own securities. Every
country, every public debt, has charged your credit rating and its rate of
interests: his accounts are more reliable, less pay. And
differences can be high. In addition, rating agencies
can play and have played, to divide the Eurozone By lowering
artfully rating of this or that country financially
difficulties. You can get to a situation in which the ECB declares
the securities of a given country eurozone are no longer usable
to buy euros.
So that more countries make a common currency, common, you must
emitting government securities common, namely that standardize the
their respective debts. They pay a single rate
interest. That obviously has not happened and can not be made: Germany
and France never unify their debts with those
Italy, Spain, Portugal, Greece. That's why it was a real
fraud, the artifice and deception: induced people to pay for their
taxes in addition to giving them money with the promise of an advantage
that was not there. But they are a class of professional fraudsters.
What has happened and that was predictable and inevitable, and
some have wanted, which is little compelling economic systems
efficient to use the same currency of the economic system more
efficiency with which they had relationships of competition and / or exchange
trade caused the decline and dismantling of the systems
economically inefficient, uncompetitive: Greece, South, Portugal ...
Especially since, at the same time, the attack comes in the new competitive
Eastern European EU countries and China, India,
Pakistan, Morocco ... Among areas with levels of economic efficiency and
debt very far apart, there can be a
common currency. But neither can it survive an equal joint
without killing the weak areas, non-competitive. Unless they do not
take on political power and exploit colonial
stronger ones. So skip the Euro, one way or another.
Meanwhile the bankers carry on their policy and their business.
Remember when banks, the ECB will provide loans and easy
minimum rates? And then, when families and businesses were indebted
tightened the cords with the Basel I and Basel II, sending rolls
the economy? A flood of defaults and foreclosures? E
costs when more financial products from this close
credit, ie money, and failing, yet it produced, which is
translated into a general rise in prices, inflation cried
monetary, and shook even more cords of liquidity, and
rates rose again, to get the market slump
financial and real economy in 2008? Remember that, then,
say at the end of July, overnight, contradicting
shamelessly, the same "discovered" that there was a dramatic need
liquidity, and threw the rates to zero? And governments used to
refinance banks and the like with public money, ie public
debt, removing the money to the real economy and income and
public spending? And have you noticed how, with those refinancing, the
banks have tacked together a frantic exchange of securities
financial markets to go up artificially, causing
pension funds and savers to put their investment
Money to recoup the losses of 2007-2008? And how have reported
bonuses for their CEO at levels above the stock market crash?
Now it is repeating lots of new revenue and savings for
transfer wealth to the banking system, instead of charging the banks
authors and recipients of scams and destructive speculation.
Inflation raises the head and ensure that the ECB will not tolerate that
this is done. That promises and pregiustifica rate increases. But you know
very well today as before 2008, there is no inflation
monetary union, because, contrary to what takes (in obvious bad
faith) the ECB, the real economy is dying for lack of money
available. That falsely presented as inflation from excess
currency, is in fact the increase of financial costs (and consequently
prices of goods and services) due precisely to the credit crunch
Basel I, II and III, the systematic practice of usury by
bank credit with the tacit consent of the central banks,
increased industrial unit costs due to diseconomies of scale
(Again due to lower production and competition from Chinese).
But the fact that bankers and governments have hijacked the
monetary resources from consumption from income, investments, by
protection of public budgets to support banks and
financial speculation, demonetized the productive economy and
States in favor of unduly speculative, and disseminating
insolvencies, bankruptcies, layoffs.
Now, with maneuvers adjustment of accounts, with new taxes, with
further cuts in income and spending, and together with
rising interest rates, it is clear that the monetary authorities aim
deliberately to produce an economic depression and world-class
long-term (a maneuver I understand it, in my recent
Oligarchy for superfluous peoples, as intended to save the Earth
by industrial and civil, the exhaustion of material
first, overpopulation). There are precedents of decisions
precisely this type calete from above as evidenced by prof. Richard
Werner in his essays The Princes of the Yen and the New Paradigm in
Macroeconomics, a similar thing the international banking system has
did in 1991 to Japan, to cut his legs
economy through a sharp and economically unjustifiable
monetary tightening, which blocked the industrial and commercial expansion
of that country, and still keeps in stagnation. So
allowed by the rise of the star of China, designated to buy
the ongoing issue of U.S. T-bonds fools - U.S. were
beginning of a long and costly series of military campaigns and
increasing domestic and foreign debt, with no possibility of
pay, so they needed a ally economically
huge support for the bankruptcy - an ally that was
remunerated for this work. The remuneration consisted in
put in a position to eat the real economies and spaces
market for old allies in Washington, from Japan to Italy.
Whatever the real aim of the maneuver bank to send
the West in economic depression, the reality of this maneuver is
tangible evidence. And politicians, governments, parliaments indulge
This drawing of depression. If you really want to oppose the governments
could easily do with covert operations in
against big business and its credit rating agencies, similar to
those that lead to terrorism is not financial.
In Italy and other countries we are surprised that the ruling class
political and bureaucratic steal or eat, or snatch, and to do so
not accidental, not isolated, but systematic. But what else could
do but this, a ruling class that, in actual system
of powers, is subject to financial strength, which is the arm
Executive and dirty mask of those interests, and that on them
mandate sacks and boycott people who on paper should
represent and administer? It 's inevitable that that can snatch queol
own, as well as plunder for them. Not have the space to do
politics, even making plans for economic policy. Can only
run and sneak while ago. That's why, when the leaders
political demands that programs have medium and long term, they
can not answer.
In Italy, with a Tangentopoli, are diverting opinion
great public evil (the system of exploitation by
banking oligarchy) to evil but little more acceptable
the public (the so-called grand corruption of politicians and
Board), which is then conditioned to see the problem as
a ruling class widely dishonest: a problem to solve
with investigations and sanctions, and more references to ethical values.
The people, the masses are not, because many, able to
learn, understand, avoid. Shall act in accordance emotions, habits,
imitation. Otherwise would not have fallen into the trap of loans
easy nor that of the crisis behind. And they are not even
able to coordinate, otherwise we would have had a revolution
violent in the U.S. as Greece, Italy etc.. against these
these parliaments and governments that prey on their people
mandate of the bankers, lying and deceiving systematically
economic sphere. But this revolution would be entirely useless,
because there is no alternative, in our times, to govern the peoples
through the instrument money and banking, and tools
specifically manipulators. So if no outbreak of revolution, not
we lose nothing, except the vivid and incredible spectacle of
people who vents his anger on the streets, making pieces
Ministers, ladies and senators, boyars of State from all other
he believes to have been impoverished.
Marco Della Luna, Free Industrial Consultant Associates
Source:
DECEPTION, CORRUPTION AND DEPRESSION - Marco Della Luna
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