For the reality of the "European Bailout" which has stock markets surging, the simple reality is, this is nothing but 2008 Obamamerika handing money directly to the crooks and calling it market stability.
Tim Geithner has laundered trillions into Wall Street Insiders and into the Berlin cartel illegally in propping up markets to cripple American political funding and to create the global feudal cabal, led by the Rothschilds
What is taking place in Europe after Obama has dumped trillions of US Dollars there, into the same financier accounts is pure money laundering of US funds termed "German money".
The importance of recapitalizing banks directly from the bailout fund became evident this month when Spain was offered (EURO)100 billion ($125.6 billion) for its shaky banks. Previously the bailout loan would have to be made to the Spanish government, which would lend it on to the banks. The prospect of having that debt on the government's books spooked investors, who began demanding higher interest rates to reflect the risk of a Spanish default.
See what the scam is, is simple. Instead of money going to left wing governments who will not cut their welfare payments to keep the masses from revolution, now the money is going directly to the Rothschild loansharks.
For the record, these impoverished lower nations of Europe would not have any problem in paying their bills if the banks were not charging them huge sums in usury. You need to comprehend this, as this is vital in these nations just like American farmers in 1975 in the Carter meltdown and the late 1980's meltdown of Brazil and South America is all designed by the financial elite to grab assets, remove competitors and to gain absolute control.
The last thing the Rothschilds want is a propserous Spain and Greece. They want a indebted Germany and Italy controlling the lower European lands in an empire without competitors. France is being castrated and this will all then be their suits on the ground owning everything followed by Obama jackboots on the ground.
This is not any fix, as all it is, is a money transfer, and all the money propping up the world is coming from Geithner printing US debt for Obama, that America will never recover from.
Analysts remain skeptical about whether the moves will be enough to fix Europe's debt crisis, especially as the amount of money available to help in the crisis - some (EURO)500 billion - is dwarfed by the amount of debt across the continent. Italy alone has outstanding debt of (EURO)2.4 trillion.
So you get this, they are telling you what I have been telling you in this will not work. 125 billion infused into cartel banks against trillions in Italy alone.
All this is, is just a direct deposit into the Wall Street Insiders, who claim penetance in part of shalom greetings, while they take this mass cash infusion again, robbing the poor and setting up a global satanic evil. one can quote Scripture of the New Testament in 'their numbers are legion', but putting your money where your mouth is, is the real powder rammed and loaded.
I will keep harping about this, as the drooling on the wall here among the Philistines is going to be a witness. These repentent in America and Europe can dish out the cash to this blog and others, putting the real message on radio and internet reader broadcasts. They can contract with the blogs from Ulsterman to American Thinker and have people get the message, as this is about cash to being spread around to make competition, so this is not just the insiders getting one more does of cash, before the entire thing implodes.
You will read within weeks again that this will not work, and it will not work, as all this is, is piracy theft of national treasuries on a global scale which has been the hallmark of Obama since Day One.
I do not have a great deal of time to write all of the nuances of this, but do not believe Mockingbird in this Roberts thing will inspire the Tea Party. The Wall Street Insider as well as that money dripping White House Insider, have no idea the rape the people of America have been tormented with. They are now broken in will, and are not going to protect something which is not their own.
They are not going to be fooled by some Romney or the GOP as those liars have not done a damn thing but keep Obama policy around or Clinton policy around.
This entire paradigm shift is one of the cartel knowing the masses are going to start violently acting out, and they are prepared for those events to follow a crackdown. In that Michael Savage has it right in Obama in term 2 will end the Second Amendment, if Obama is not ended by the cartel first.
They are staging this mass misery by looting all the assets out of the west, so when an upheaval comes, the crackdown will take place.......and just like in Egypt, it is not the street whores raping Lara Logan who get the power, but it is the Muslim Brotherhood who has been given power to manage things.
Same situation is in Europe, as there will be 10 leaders who will unite to give power in this shattering of Europe to one central dictatorship. That is what this piracy is all about and has been about. This group does not need trillions more, but it needs to sop up all the money so the opposition will have none to stage a coup.
This European Summit is about empire and raping the last pubic hairs of monetary freedom out of America and Europe. That is what Obamacare was all about.
Eurobonds are EUROBONDAGE. Make a free nation in debt to a Rothschild contractor and that nation is enslaved. Deposit not rescue funds into that welfare state, but into banks directly crippling that state and it is legalized piracy.
nuff said.
agtG 249y
Europe summit surprises with bold moves
Jun 29, 9:19 AM (ET)
By TOBY STERLING and DON MELVIN
|
BRUSSELS (AP) - After 18 disappointing summits since the start of the
debt crisis, Europe's leaders appeared Friday to have finally come up
with a set of short-term measures and long-term plans that show they are
serious about restoring confidence in their currency union.
Leaders of the 17 countries that use the euro agreed they will let funds intended to bail out indebted governments funnel money directly to struggling banks as well. They said the move will "break the vicious circle" of bank bailouts piling debt onto already stressed governments.
European Council President Herman Van Rompuy called it a "breakthrough." Global stock markets and the euro rallied hard.
The decision is a victory for Spain and Italy, whose borrowing costs have risen to near unsustainable levels despite their efforts to cut spending and reform their labor markets.
In Germany, Chancellor Angela Merkel is likely to face a grilling from a
skeptical German Parliament later. Heading into the summit, Merkel had
stuck to her line that any financial help from Europe's bailout fund
must come with tough conditions, so a separate decision allowing
countries that have reformed their economies easier access to bailouts,
without such stringent conditions, was widely seen as a defeat by the
German press.
Merkel insisted the funds would still only be released when it was clear countries were undertaking serious reforms.
"We remain completely within our approach so far: help, trade-off, conditionality and control, and so I think we have done something important, but we have remained true to our philosophy of no help without a trade-off," Merkel told reporters in Brussels.
Van Rompuy dismissed talk that Merkel had lost in the negotiations.
"It was a tough negotiation," Van Rompuy said. "It took hours yesterday. And you can't summarize this in winners and losers."
In
addition, the leaders of the eurozone countries authorized the EU
bailout funds to buy bonds of countries in order to reduce the interest
rates the markets charge.
Leaders of the full 27-member European Union, which includes non-euro
countries such as Britain and Poland, also agreed to a long-term
framework toward tighter budgetary and political union, though those
plans will require treaty changes and won't be realized for years.
The scale of the moves were unexpected and provided investors a reason for optimism, even as analysts cast doubt on the plans' feasibility and noted that some fundamental problems with the common currency remain.
"I think the elements we put together will reassure the markets," said Eurogroup President Jean-Claude Juncker.
Mario Draghi, the head of the European Central Bank, was similarly optimistic.
"I'm
actually quite pleased with the outcome of the European Council," said
Draghi. "It showed the long-term commitment to the euro by all member
states of the euro area. But also it reached tangible results in the
shorter term."
He cited in particular the waiver of the ESM's preferred creditor status
for Spain and the future possibility of using ESM for direct
recapitalization of the banks, which is something that the ECB had
advocated for some time.
But he said strict conditionality was essential to the program's credibility.
Stocks around the world surged Friday, with markets in countries on the front line of the crisis doing particularly well. Italy's FTSE MIB and Spain's IBEX indexes each rose 3 percent.
Perhaps more importantly, the yield on Spain's 10-year bond dropped by 0.32 percentage points to 6.58 percent. Italy's was down by 0.14 percentage points to 5.94 percent. Both countries have seen their rates edge toward the 7 percent level which is seen as unsustainable over the long term.
The importance of recapitalizing banks directly from the bailout fund became evident this month when Spain was offered (EURO)100 billion ($125.6 billion) for its shaky banks. Previously the bailout loan would have to be made to the Spanish government, which would lend it on to the banks. The prospect of having that debt on the government's books spooked investors, who began demanding higher interest rates to reflect the risk of a Spanish default.
Lending the money directly to the banks avoids putting more debt on the government's books.
Analysts remain skeptical about whether the moves will be enough to fix Europe's debt crisis, especially as the amount of money available to help in the crisis - some (EURO)500 billion - is dwarfed by the amount of debt across the continent. Italy alone has outstanding debt of (EURO)2.4 trillion.
"These steps are the obvious ones to take to try to restore some confidence in the market in the short term," said Gary Jenkins, managing director of Swordfish Research in London. "Alone, they do not solve the underlying problems but they might buy a bit of time, which is probably about the best they can do right now."
Though welcoming the measures that were taken, analysts think more will have to be done.
"If the aim is to ease tensions on the Italian and Spanish bond market on a more sustainable basis, we probably will need to have more assurance on the fire power," said analyst Carsten Brzeski of ING in a note.
Brzeski said more liquidity support from the ECB "looks inevitable" and may come as soon as Monday.
As well as trying to fix the euro, the EU leaders also agreed to devote (EURO)120 billion in stimulus to encourage growth and create jobs, though half of it had already been earmarked and it includes only (EURO)10 billion in actual new commitments. France had pushed for the growth package, arguing that austerity measures are stifling growth and making things worse.
They also agreed to give the ECB new powers to oversee the bailout funds by July 9, and to oversee big European banks by the end of the year.
For the longer-term, the 27 leaders of the EU agreed on "four building blocks" of a tighter union - but postponed specifics until a study due in October. The building blocks, which include sharing debt in the form of jointly issued Eurobonds, were laid out in a sweeping document presented by Van Rompuy and colleagues before the summit.
It was unclear, however, whether the general agreement on the tighter union included any commitment on eurobonds from Germany and other stronger economies that have firmly opposed sharing debt with more profligate countries such as Greece.
One key factor in the negotiations was that French President Hollande appeared to turn against Merkel and lobbied instead on behalf of the southern states frustrated at the failure of austerity measures to solve their problems.
"The best way to get other people to move is to move yourself," he said.
Germany and France have been the traditional drivers of European policy, but the Socialist Hollande and conservative Merkel differ over how to tackle this crisis.
But Hollande declined to take credit.
"No one can say I won or I lost," he said. "What was at stake was Europe. That's who won."
Leaders of the 17 countries that use the euro agreed they will let funds intended to bail out indebted governments funnel money directly to struggling banks as well. They said the move will "break the vicious circle" of bank bailouts piling debt onto already stressed governments.
European Council President Herman Van Rompuy called it a "breakthrough." Global stock markets and the euro rallied hard.
The decision is a victory for Spain and Italy, whose borrowing costs have risen to near unsustainable levels despite their efforts to cut spending and reform their labor markets.
"We remain completely within our approach so far: help, trade-off, conditionality and control, and so I think we have done something important, but we have remained true to our philosophy of no help without a trade-off," Merkel told reporters in Brussels.
Van Rompuy dismissed talk that Merkel had lost in the negotiations.
"It was a tough negotiation," Van Rompuy said. "It took hours yesterday. And you can't summarize this in winners and losers."
|
The scale of the moves were unexpected and provided investors a reason for optimism, even as analysts cast doubt on the plans' feasibility and noted that some fundamental problems with the common currency remain.
"I think the elements we put together will reassure the markets," said Eurogroup President Jean-Claude Juncker.
Mario Draghi, the head of the European Central Bank, was similarly optimistic.
|
But he said strict conditionality was essential to the program's credibility.
Stocks around the world surged Friday, with markets in countries on the front line of the crisis doing particularly well. Italy's FTSE MIB and Spain's IBEX indexes each rose 3 percent.
Perhaps more importantly, the yield on Spain's 10-year bond dropped by 0.32 percentage points to 6.58 percent. Italy's was down by 0.14 percentage points to 5.94 percent. Both countries have seen their rates edge toward the 7 percent level which is seen as unsustainable over the long term.
The importance of recapitalizing banks directly from the bailout fund became evident this month when Spain was offered (EURO)100 billion ($125.6 billion) for its shaky banks. Previously the bailout loan would have to be made to the Spanish government, which would lend it on to the banks. The prospect of having that debt on the government's books spooked investors, who began demanding higher interest rates to reflect the risk of a Spanish default.
Lending the money directly to the banks avoids putting more debt on the government's books.
Analysts remain skeptical about whether the moves will be enough to fix Europe's debt crisis, especially as the amount of money available to help in the crisis - some (EURO)500 billion - is dwarfed by the amount of debt across the continent. Italy alone has outstanding debt of (EURO)2.4 trillion.
"These steps are the obvious ones to take to try to restore some confidence in the market in the short term," said Gary Jenkins, managing director of Swordfish Research in London. "Alone, they do not solve the underlying problems but they might buy a bit of time, which is probably about the best they can do right now."
Though welcoming the measures that were taken, analysts think more will have to be done.
"If the aim is to ease tensions on the Italian and Spanish bond market on a more sustainable basis, we probably will need to have more assurance on the fire power," said analyst Carsten Brzeski of ING in a note.
Brzeski said more liquidity support from the ECB "looks inevitable" and may come as soon as Monday.
As well as trying to fix the euro, the EU leaders also agreed to devote (EURO)120 billion in stimulus to encourage growth and create jobs, though half of it had already been earmarked and it includes only (EURO)10 billion in actual new commitments. France had pushed for the growth package, arguing that austerity measures are stifling growth and making things worse.
They also agreed to give the ECB new powers to oversee the bailout funds by July 9, and to oversee big European banks by the end of the year.
For the longer-term, the 27 leaders of the EU agreed on "four building blocks" of a tighter union - but postponed specifics until a study due in October. The building blocks, which include sharing debt in the form of jointly issued Eurobonds, were laid out in a sweeping document presented by Van Rompuy and colleagues before the summit.
It was unclear, however, whether the general agreement on the tighter union included any commitment on eurobonds from Germany and other stronger economies that have firmly opposed sharing debt with more profligate countries such as Greece.
One key factor in the negotiations was that French President Hollande appeared to turn against Merkel and lobbied instead on behalf of the southern states frustrated at the failure of austerity measures to solve their problems.
"The best way to get other people to move is to move yourself," he said.
Germany and France have been the traditional drivers of European policy, but the Socialist Hollande and conservative Merkel differ over how to tackle this crisis.
But Hollande declined to take credit.
"No one can say I won or I lost," he said. "What was at stake was Europe. That's who won."
