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Old 02-23-2012, 10:59 AM   #31
jackpine savage
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Re: Greece

I see, so you are now an expert on the Greek media and the influence it has on the population. You keep developing new skills, are all RP supporters so versatile? Not sure what the Dept. of Education has to do with the Greek unless it all somehow falls into Agenda 21.
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Old 02-23-2012, 11:16 AM   #32
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Re: Greece

Quote:
Originally Posted by fishouttawatta View Post
I hate FIAT currencies and fractional reserve banking as much as anyone and agree that they are crooks. But you have to agree to play the game. Greece agreed to play the game. They lost. We are losing.

Kind of of topic, Marcus have you ever read "the creature from jekyll island"? I am about have way through this book. Eye opening to say the least.
No I haven't, but I'm well read on the subject. It should be required reading in our schools.
The problem with your first statement is that the common man has no such knowledge of the dangers that their gov't reps are putting them in. This is because of the controlled information flow. They've been in control of the newspapers/Media here in America since 1925.
The net took them by surprise and they're frantically and discreetly trying to put that genie back in the bottle.
http://www.zerohedge.com/contributed...ersial-content
http://erigoabyssus.wordpress.com/20...y-act-of-2012/
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Old 02-23-2012, 09:35 PM   #33
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Re: Greece

The Greek Tragedy And Great Depression Lessons Not Learned

"Greece has been the most pillaged country in Europe this Depression, among other reasons, because no one in any leadership position seems to have learned lessons from the 1930s. Plus, banks have more power now than they did then to call the shots.

Despite no signs of the first bailout working – certainly not in growing the Greek economy or helping its population - but not even in being sufficient to cover speculative losses, Euro elites finalized another 130 billion Euro, ($170 billion) bailout today. This is ostensibly to avoid banks’ and credit default swap players’ wrath over the possibility of Greece defaulting on 14.5 billion Euros in bonds.

Bailout promoters seem to believe (or pretend) that: bank bailout debt + more bank bailout debt + selling national assets at discount prices + oppressive unemployment = economic health. They fail to grasp that severe austerity hasn’t, and won’t, turn Greece (or any country) around. Banks, of course, just want to protect their bets and not wait around for Greece to really stabilize for repayment..."
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Old 02-26-2012, 02:36 PM   #34
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Re: Greece

Two Year Reminder For The Fed: How Is That Investigation Into Goldman's Greek Currency Swaps Going?

"There are those who remember that back in February 2010, before the world realized just how broke Greece was, the public's deplorably short attention span was briefly focused on none other than Goldman Sachs, which as so often happens, was at the heart of the scheme enabling Greece to skirt by Maastricht regulations and mask the fact that its debt and deficits were both far worse than represented publicly. There are also some who remember that back in February 2010, it was none other than the Federal Reserve that tasked itself with uncovering whether Goldman did anything "illegal" by engaging in currency swaps to make the Greek economy appear rosier than it was: "We are looking into a number of questions related to Goldman Sachs and other companies and their derivatives arrangements with Greece," Bernanke said in testimony before the Senate Banking Committee.... Greece in 2001 borrowed billions, with the aid of Goldman Sachs in a deal hidden from public view because it was treated as a currency trade rather than a loan....Goldman Sachs spokesman Michael DuVally declined to comment on the Fed's probe. "As a matter of policy we don't comment on legal or regulatory matters," DuVally said. Goldman Sachs had defended the transactions in a statement posted on its Website Sunday. The firm said they had a "minimal effect" on Greece's overall fiscal situation." Maybe, just maybe it is time, two years later, for the world to hear something, anything, from the Fed as to what its seemingly quite extensive investigation into Goldman's has yielded...."
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Old 03-12-2012, 10:05 AM   #35
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Re: Greece

Money from Nothin - A Primer On Fake Wealth Creation And Its Implications (Part 1)

"
"Only God can create… value out of nothing"—Justice Martin V. Mahoney in First National Bank of Montgomery vs. Jerome Daly.

"(I’m) doing God’s work." – Goldman Sachs CEO, Lloyd Blankfein


Introduction:

What is fraud except creating “value” from nothing and passing it off as something?

Frauds interlink and grow upon each other. Our debt-based money system serves as the fraud foundation. In our debt-based money system, debt must grow in order to create money. Therefore, there is no way to pay off aggregate debt with available money. More money must be lent into the system to make the payments for old debts. This causes overall debt to expand as new money for actual people (vs. banks) always arrives at interest and compounds exponentially. This process is called financialization.

Financialization: The process of making money from nothing in which debt (i.e. poverty, lack) is paradoxically considered an asset (i.e. wealth, gain). In current financialized economies “wealth expansion” comes from the parasitic taxation of productivity in the form of interest on fiat lending. This interest over time consumes a greater and greater share of resources, assets, labor, and livelihood until nothing is left.

Only in a debt-based money system could debt be curiously cast as an asset. We’ve made “extend and pretend” a quaint phrase for a burgeoning market for financial lying and profiteering aimed toward preventing the collapse of a debt- (or lack-) based system that was already doomed by its initial design to collapse. This primer will detail the major components and basic evolution of fake wealth creation, accelerating debt expansion, hollowing out of the economy, and inevitable financial implosion.

Stage one—Fiat money origination, multiplication, and distribution

The U.S. Federal Reserve System (“The Fed”): A private, non-transparent entity, formed in 1913, representing and serving private, profit-driven banks that creates money from nothing (fiat) and to which the U.S. government has delegated and effectively ceded its constitutional power to coin money.

The Fed essentially lends our “sovereign” public money to us at interest, paying for things like government debt with more debt, thus expanding debt. By contrast, the Fed currently gives away money to its constituent private banks at zero percent interest, allowing those banks to buy U.S. Treasury bonds, which yield a 2-3 percent interest mark-up to be paid by taxpayers, adding to citizen debt.

Fractional reserve: Private fiat fabrication of exchangeable public “money” as a bookkeeping entry through “multiplication” of public fiat held in private bank reserves. Holding 100,000 dollars of depositors’ money may allow me, as a bank, to lend out 1,000,000 dollars. By what authority? None, really, just my say-so and my action.

In the court case referenced in the heading quote, Justice Mahoney ruled against a bank acting in conjunction with the Federal Reserve Bank of Minneapolis in its efforts to foreclose upon and “buy” a U.S. citizen’s house by simply creating “the entire $14,000.00 foreclosure purchase in money or credit upon its own books by bookkeeping entry.” Further, “Mr. Morgan (the plaintiff/bank representative) admitted that no United States Law or Statute existed which gave him the right to do this.” (First National Bank of Montgomery vs. Jerome Daly)

Stage two—Delusional, unregulated value assignment, manipulation, and expansion

After money is created out of thin air, other market mechanisms have been propagated to magnify, funnel, and package value-from-nothing further still, creating financial vehicles that add more numbers without adding more value..."
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Old 04-05-2012, 12:13 PM   #36
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Re: Greece

Greece for sale on Ebay. Be sure to check out the question/answer section

http://www.ebay.com/itm/ws/eBayISAPI...#ht_500wt_1413
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Old 05-08-2012, 09:55 PM   #37
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Re: Greece

Well, Greece is in the news again. And things don't seem to be turning out how the EU hoped. IMHO dependent on how this plays out, it might bring down the European house. If Greece backs out, Euro might take a big enough hit to put countries like Spain or Italy in the poor house.
http://www.bbc.co.uk/news/world-europe-17986065
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Old 06-17-2012, 01:23 PM   #38
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Re: Greece

Greek Banks Run Out Of Safe Deposit Boxes

"Yet the most ironic moment in the Greek denouement will come when fractional reserve lending collapses onto itself:

Stavropoulos and her friends have a new strategy to deal with their daily expenses. "We charge everything to our credit cards," she says. If the Greek banks fail, they won't be able to collect the outstanding debts, she argues. "If they want to mess me around, I will do the same to them."

In other words, Greece is now America, where the vast majority of people also live on credit alone, and have taken up the following motto when dealing with banks: "you pretend to be solvent, we pretend to have money."

At the end of the day, it is all just one big global monetary circle jerk, only this time in reverse, as the snake of fractional reserve banking has finally started to eat its own tail. With people spending money they don't have, and in debt to their eyeballs to a banking system that itself is just as insolvent, is there any wonder that nobody really panics any more over daily threats the grand reset is finally coming?..."
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