30 Jul 2013
DON’T LOSE INTEREST IN THE GREEK SPHERE: it is being crushed by maniacs
The most beautiful country in Europe is still being crushed mercilessly by the Troika and its fat collaborators. Pay attention: we are going to be next.On 23rd July, Eurobarometer research recorded that 98% of Greeks thought their economy “poor”, and 90% do not trust the government.
The next day, Germany started playing games again, threatening to delay €2.5 billion bailout tranche to Greece.
The day after that, two other gigantic turds fell from a great height onto the ordinary, innocent Greek people: having closed over a thousand schools in two years, the Troika declared that more would have to go as repayment’s were not on track. This track, by the way, stretches the breadth of the Universe: mathematically, the end of it cannot be reached. Brussels-am-Berlin knows this perfectly well. Next up, the eurozone – ever there to help hoho - delayed the bailout tranche to Greece due to 80 teachers less than target had been dismissed.
Who can begin to explain the insanity of thinking that half-witted, hare-brained budgets are more important than the education system?
No jail for banksters in real world Monopoloy Game Of Fraud - Max Keiser and Stacy Herbert with Andrew Maguire
Think those are dollars in your wallet? Think again.
They’re not. A US dollar was defined by the Coinage Act of 1792 as 416 grains of standard silver.
No, those green pieces of paper are Federal Reserve notes. “Notes” in this case meaning liabilities to the central bank of the United States.
That makes you, me, and anyone else holding those green pieces of paper essentially creditors of the Federal Reserve, whether we signed up for it or not.
As we explored on Friday, the Fed is theoretically like any other business. On one side of its balance sheet, it has assets. On the other side, it has liabilities.
The Fed is unique, though, in that its liabilities– namely Federal Reserve Notes– are passed off as money in the Land of the Free.
And they have a legal monopoly in this money business. Just ask Bernard von NotHaus, the founder of Liberty Dollar who was labeled a domestic terrorist and convicted for minting silver coins to be used as a competing money.
Moreover, the Fed has the ability to increase its liabilities at will. Mr. Bernanke can conjure additional Federal Reserve notes out of thin air and pump them into the system.