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ECB Bond-Buying: The Rape of Europe Continues

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In the summer of 2011, I wrote a four-part series entitled Economic Rape of Europe Nearly Complete”. In that extended piece; I detailed how the combination of three malevolent forces was decimating the economies of Europe one-by-one.

Through the relentless fraud/manipulation in Euro debt markets, sadistic “austerity”, and so-called “bail-outs” which just bury these insolvent economies even deeper in debt; the Western banking cabal is systematically looting these nations.

The manipulation of European debt markets was (is) accomplished through the fraudulent rigging of the credit default swap markets; combined with the complicity of the Big Three ratings agencies and the West’s media Oligarchs.

The bankers manipulate credit default swap prices higher, simply by piling-on massive bets that a particular Euro-zone nation will default. The propaganda machine immediately shrieks that “risk” has now increased for this debt market, and then the accomplices in the ratings agencies comply with a ratings downgrade – immediately driving interest rates higher.

With the massive debts being carried by these economies, any increase in interest rates automatically makes the economy significantly less solvent, turning this tag-team of fraud into a self-fulfilling prophesy. With the banksters literally capable of manipulating Euro zone interest rates to any number they desire, as a matter of simple arithmetic it is impossible to “bail out” any of these nations – by lending them more money.

The moment more bail-out dollars are released, the banksters immediately drive interest rates even higher. Thus all the bail-out dollars are siphoned-out of the economy in the form of higher interest payments to the Bond Parasites, meaning all that each “bail out” accomplishes is to pointlessly pile on more debt.

Meanwhile, as more and more of every revenue-dollar is sucked out of these economies by the debt-market fraud, Austerity is literally nothing less than economic suicide. In economies already starved for capital, Austerity is the precise equivalent of a doctor putting a severely anorexic patient on a diet.

The empirical evidence is overwhelming. In every European economy which has inflicted Austerity on its population, the rate of economic contraction has accelerated, and the size of the budget deficits has grown larger instead of smaller. Since the entire raison d’etre of Austerity is to (supposedly) shrink these deficits, it is nothing less than deliberate suicide to continue this policy, and serves no purpose except to free-up more dollars to be paid out as interest payments to the Bond Parasites.

With these European governments having no viable plans for excavating their economies from debt, and with the bankers capable of instantly sabotaging any plan with more debt-market fraud (even if there was a plan); lending these economies more money (and calling that a “bail out”) is still more suicidal insanity. All that is accomplished is to increase the size of these debts – and interest payments on those debts – still further.

This systematic looting can only possibly result in the complete bankruptcy and total destruction of each of these economies, as has almost been completed with Greece. Now these Financial Fascists want to both accelerate their economic rape, and to tighten the choke-chains of debt around the throats of these governments.

 

This is the real impact of the new “unlimited bond-buying” announced by the European Central Bank, since (as the dust settles) we now see there are strings attached to yet more loans to these economies. Specifically, the ECB wants to strip these nations of what little economic sovereignty they still possess, and be able to mandate increasing levels of Austerity with each new round of suicidal bond-buying.

The “problem” (as the Fascists see it) is that the closer they drive these nations to outright bankruptcy, the more reluctant these Traitor Governments become to simply submit to more of this rape – as we now see in Greece. Rioting in the streets will do that to you. Thus what the ECB’s unlimited bond-buying is really aimed at is to change this current system of governments voluntarily submitting to rape to a model of forcible economic rape.

As Europe descends into financial fascism, and the European Union has devolved into nothing but a vehicle for economic slavery; all we hear from the mouths of these Traitor Governments (most notably France and Germany) are calls for even greater “financial integration” (i.e. ceding even more sovereignty).

No longer are the Fascists merely content to let “the Fox guard the hen-house.” What they really want is to simply force the hens to live in the Fox’s house. All that maintains a veil over this forcible destruction of Europe’s economies is the propaganda of the West’s media Oligarchs. Only now do people begin to see the idiocy of allowing 90% of the West’s mainstream “news” to be controlled by a handful of multi-billionaires.

Lending money to a hopelessly insolvent economy could not be construed as a “bail out” by even the most warped mind of a Keynesian zealot. As I have observed in the past, it is the most literal example possible of the metaphor of “putting out the fire with gasoline”. Again, this is all just simple arithmetic. The only way in which lending money to a heavily-indebted economy could make things “better” is if that economy is immediately able to balance its budget, and thus use those bail-out dollars for constructive economic growth.

What we see instead are the Financial Oligarchs lending money to hopelessly insolvent economies for the sole purpose of temporarily being able to continue making interest payments…to those same Financial Oligarchs. It has transformed all of Europe’s economies into actual Ponzi-schemes, where only exponential infusions of new debt can delay immediate implosion.

The goal is as obvious as it is evil. The Financial Oligarchs know that their own mismanagement (i.e. plundering) of the West’s economies has made Debt Jubilee inevitable. Thus the entire smoke-screen of “rescuing” these economies is to squeeze as much total wealth as possible out of these economies – in the form of “interest payments” – before that inevitable default takes place.

The betrayal by Europe’s Traitor Governments is equally obvious, and equally despicable. The whole reason why Western economies have devised intricate systems of bankruptcy law is because of a financial truth which long ago became self-evident. Any time any entity has reached the point-of-no-return with respect to insolvency, it is always best to immediately declare bankruptcy – and restructure that entity on a fiscally-sound financial footing.

Why are these Traitor Governments insisting on destroying their own economies, as opposed to immediately defaulting on debts which can obviously never be repaid? The answer to that question is to ask another question. Who are the only “losers” (other than the Financial Oligarchs) to some mass-default across Europe?

The answer to that question is the politicians of these Traitor Governments themselves. While declaring bankruptcy is the only path toward healing for these economies, quite obviously (most of) the politicians at the helm when bankruptcy occurs can expect to lose their jobs – for finally, belatedly, acknowledging their own gross incompetence/negligence.

Now we can see the mass, economic rape of Europe for what it truly is. A handful of Financial Oligarchs are systematically destroying these economies in order to (at best) maintain control over their financial empires, or (at worst) delay the implosion of those paper-empires as long as possible. Their accessories to this financial holocaust are a few thousand Traitor Politicians, willingly participating in the destruction of their entire nations – simply to try to cling to their own jobs.

It begs the need in the English language for two, new words: one that goes beyond “greed”; and one that goes beyond “betrayal”. And once the Financial Oligarchs are finished with Europe, guess what’s coming to North America?

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