Hey guys, I am gonna go on a bit of a rant here so brace yourselves but first: Please watch this video: http://www.youtube.com/user/MaxKeiserTV?blend=21&ob=5 Max Keiser is a tadd on the essentric side but his message is clear. The hypothesis looks to play out as follows: 1 - "The powers that be" (some want to call Illuminati... l prefer NWO but namely the big banks, IMF and some pretty people... but for the sake of this rant l will call them TPTB) will systematically rape Greece for its assets. Think of it as a new form of invasion (economic invasion). They will take over the country but without the bloodshed.. How??? Well consider it as though Greece was an individual with a personal home loan that it was to deault on... what does the bank do??... it ceases your assets and IMHO, that is what is being played out here. Greece is already willing to sell 1/3 of its national lottery! (Allegedly). Day to day life will continue, although harder, government will still function and TPTB will be the only ones to profit. 2 - Portugal and Spain are next, with probably Italy, Ireland and England to follow. They will all want out of EU. 3 - EU is toast as is the Euro! 4 - Big Banks, NWO, Illuminati, call them what you will, will then hold half of Europe by the pervebials and act as puppet master. 5 - Then lets move to Africa.... TPTB initiate another phase and Tunisia, Egypt, Syria, Libya all become politically destabilised.... The instability will eventually move to Saudia Arabia, whereby it will remove the royal family and bang!!! Oil control is now in the hands of some faceless multinational (Halliburton?? they already have Iraq and soon Libya!) 6 - In the US of A TPTB will allow the debt ceiling to rise as a new phase of QE3 (under the guise of another fancy acronym no doubt) kicks in to "save" the economy. Obamacare will pass through (hooray for Big Pharmaceuticals!) and then you will find SHTF! The USD becomes cactus and the world will be crying out for a new currency to trade in...... END game. As this currency that the world will rush towards (backed by gold) will not belong to a particular nation but owned by ..... you guessed it TPTB... End rant..... This may have been the Redbull talking.
Interesting view on the economics here EURO Set to Soar Over Next 5 Years, Reason 10 year Debt Schedule of Europe Plus interesting graphs on debt and repayment schedules http://www.marketoracle.co.uk/Article29092.html
and to layer the asset sale: The BIS is explained officially here: http://en.wikipedia.org/wiki/Bank_for_International_Settlements and unofficially here: http://www.bilderberg.org/bis.htm
I love Max, but he always ignores the elephant in the room... and China & Russia are pretty big elephants!
If Greece defaults now, they wouldn't have to sell their income producing national assets generating around 5 billion income for the government a year (roads, casinos, ports, lands, airports, mines, banks, water and energy supplies.) . After the imminent default in times to come that is 1000/worker/year less revenue for the government they have to cover from higher taxes on significantly less GDP. Kicking down the can is the worst option for the citizens of Greek.
Big pharmaceuticals are now ceasing supply to Greece due to unpaid bills. http://www.firstwordplus.com/Fws.do?src=corp_site&articleid=F00AE7B308354C47B4C6A3835ADB922A Desperate times will lead to desperate measures....
an interesting coincidence that the Rockefeller cartel owns a large chunk of the pharmaceutical industry conspiracy theorist ... no - coincidence theorist ... yes
Greek, Spanish, and Irish selloff of assets Max Keiser again: http://www.youtube.com/watch?v=kvrhneUpYmI
Too true. China will bail out just so they can keep the status quo going until they have finished their current plans. BullionDollarMan, big multinational corporations or America don't own shit of Iraq's oil. The Iraqi oil industry is the most tightly controlled oil industry in the world and many of the companies that are in the south right now getting the wells back online better have deep pockets or they may go broke trying.
Respectfully no... you only need to google "Iraqi oil privitisation" or "Iraqi Oil Production Sharing Arrangments". The companies thats are bringing in new technologies and getting wells online are not Iraqi and will not do if for free. As they say, the devil is in the detail and one needs to read between the lines. While the oil is in the ground, the oil belongs to Iraq. Once its out though..... Feel free to PM me to discuss further if you like - l can see this becoming a side conversation and us going on a tangent.
Not entirely related to anything at hand but South Sudan has just been established, can't help but think this is a puppet government to siphon more Oil to the US: http://www.bloomberg.com/news/2011-...ent-nation-in-shadow-of-conflict-poverty.html (Yes it's off topic felt like posting since BDM and Lovey are discussing oil ) In related (on topic) news, http://www.bloomberg.com/news/2011-...ion-imf-disbursement-under-joint-bailout.html I expect Gold to drop in price as a result, ditto silver More paper games.
actually puppet of china. http://news.xinhuanet.com/english2010/china/2011-07/09/c_13975463.htm China helps establish peace in north and south sudan. Chinese benevolence .... not.
I think the thread has enough tangents already to allow a clarification on this one. No oil industry in the world is tougher to make a dollar in than Iraq. The private companies are allowed to recoup their production costs plus $1 a barrel per oil produced. While that may seem like a risk free proposition, mega bucks have to be spent upfront in the hope that they get to production then once they pull it off $1 a barrel is still very poor returns in relation to other oil markets. That's straight from the horses mouth from an oil producer in southern Iraq.
" Defaulting rescued Argentina. It could work for Athens too " http://www.guardian.co.uk/business/2011/jul/10/european-debt-crisis-argentina-imf
They also privatised their public utilities, (including their publicly owned petroleum company) for pennies on the dollar in some of the most corrupt moves in history. And since they no longer ave state assets bringing in income, they now have taxes so high that the back market and corruption are the only way to do business.
In the late 1980s, Latin America as a whole would have collapsed had it not been for the invention of "Brady Bonds" which converted unrepayable Latin American sovereign debt into "tradeable instruments" which the (mostly US) creditor banks could get off their balance sheets.
Interesting in my eyes is how the Greek got into this mess. They supported there troubled banks - like everybody else except Iceland. Thatswhy they are so broke. At least its a big part of it. It show the consequences of doing this.
18. July 2011 21:36:01 ECB: A restructuring of Greek debt will do little to help the country, European Central Bank Governing Council member Jens Weidmann said in an interview with the German paper Bild am Sonntag, published over the weekend. "Greece consumes much more than it produces, national finances show high deficits. So long as that does not change, even debt restructuring will not ensure a real improvement," Weidmann, who heads the Bundesbank, said.
