Saturday, November 12, 2011

Thorough Commentary on the DINAR . . .

Thorough Commentary on the DINAR . . .

It has been a while, but I did not want to repeat myself, give false hope, or just echo what is flying about on the internet.

Today, I read a blog from a friend that was quite encouraging and I want to share with you all my viewpoint.

It is very important to understand how something could be made from nothing. I heard a famous money advisor on the radio this week saying the dinar was a scam, based on the uncertainty of the Iraqi government and the current value of the dinar. Under normal economic circumstances, this is ABSOLUTELY correct. Today, we have no normal circumstance whatsoever, so all bets are off. The Euro is about to implode, the third largest economy in Europe is collapsing, and the funds for illegal banking are being frozen.

The dinar was created to print wealth. If I give you a dollar for a loaf of bread, you now understand that things similar to loaf of bread cost a dollar. That dollar is then traded to other things for about the same value. If secretly, I have a printing press in my garage that spits out dollars, I can spend those dollars for things also of a similar value. However, if I print too many dollars on my press, the neighbors may grow weary of me buying all their stuff. The demand for dollars drops. This is called inflation.

To combat inflation and create value out of nothing, all I have to do is get everyone to use my dollars and not use anyone else's. The ultimate goal would be to get the world to use my dollars. Then I could never spend too much, because there would be an enormous demand for my dollars. This is precisely what the Federal Reserve has done since 1913.

Over the last ten years, however, the world has reached its capacity for dollars. Those holding them, must keep them tied up or the value would drop to near zero. So the plan is to trade dollars amongst the privileged, while maintaining high demand if possible from the economy. Thus, the economy must be kept dollar poor to keep the demand high. In the backdrop, those with the press have printed quadrillions of dollars simply by making entries on a computer screen, and funneled it into strategic bank accounts. Those account owners know that releasing too much money at once will devalue their own holdings and reveal who they are. It is a vicious circle.

Asset backed wealth is the antidote. It cannot be revalued easily because the supply is limited and the demand is steady or growing. It cannot be created at will, but requires a production and the economic engine to gather together. I predict that the current economy will never be restored until the move to asset backed wealth is made.The currency could be gold or silver or toenails or belly button lint. I don't care which. It just can't be paper. Some of you need to take my Class 201 - Paper Mache Castles.

If you are still tracking me, there was a time when the current system really took off. After the surrender of Japan took place on the USS Missouri in late 1945, a secret agreement was made. The right to print the money in Japan was given over to a wing of the the Agency. The asset backed wealth was put into reserve, and eventually turned over to an international holding bank. Prior to that in China, the reserve of gold was shipped to America for "safe keeping" and bonds were printed in the Philippines as a promise to repay. They did this to avoid Japan looting their wealth. These reserves of asset backed wealth were looted by the banking cabal instead, as it was rising to power and taking advantage of the effects of the war. There are always winners and losers.

When China's loan came due, China demanded the delivery of the gold. The western bankers would not return it and my guess is that much of it was lost to private accounts and reserves when they were supposed to be keeping it safe. They were given 50 years to steal it, and so they did. China complained to the international court and won. Much of the gold and paperwork concerning this repayment was kept in the twin towers....and now we are into conspiracy. I will leave it at that... but no one can review the evidence that is out there now and not determine that there is much more to 9/11 that what the news told us.

Nevertheless, these Asian reserves are vast and not limited to what was stolen over the years. They are the collections from dynasties, hidden in huge reserves in Asia and elsewhere. The Federal Reserve did not steal it all, but when there has been a release of these assets, great attempts have been made to steal it. If you think about the $2~3 trillion USD that China is holding today, you have to recognize the quandary that China is in. They are sitting on vast assets, which they cannot move for fear of being stolen, and the money they are holding is US dollars, which if they spend it now its value will collapse faster than they can spend it. I don't think that is much of an exaggeration. Thus, enter the dinar. It is merely a vehicle to get US dollars transferred from the holdings of the banking elite to the main street. It is driven by international interests to jump start the economy and get liquidity back in the hands of the people who will spend it to live.

You had to make this currency vehical cheap or else no normal person could afford to invest much. It had to be available, which is why so much was shipped to the US and elsewhere. You had to make the gain big, because giving a few dollars to anyone would have no impact on fixing things. Then you had to force the banks to revalue it. The enemy holds the control over that button. Why would they push the button willingly? They wouldn't. Their toxic paper was made toxic on purpose, to be bought for a song and held long enough to allow the default to take place. Foreclosures are up again in November, on purpose.

So the good guys, who used to be the bad guys according to our news and good guys, are forcing the hand of the banks. It is getting serious and will eventually come to pass. Hang in there. Keep in mind that it is now known by most governments around the world that this banking control is intentional and deliberately focused on controlling assets and existing wealth. This is why you see defectors now in European governments and the inability of the elite to rectify the money problems. It is also why you saw people being arrested for closing their accounts in the big banks during the occupy protests. It is why you saw Obama levying a Christmas Tree tax, (they are desperate). It is why there is this general disgust for America amongst the nations. It is not America, however, but those who represent their own banking and money interests. The world is waking up. The house of cards is falling down.
Strong international powers sent Interpol into the United States, starting in 2010. There were like 7 plane loads of international police that came here to audit the Fed. This is not our government being audited, but the private banking system that controls every politician. They were deputized by the President, but I believe this was his hand being forced. The executive order is #12425 if you care to research it. When the Fed was recently audited, it was discovered that like $16 Trillion was given out to special interests and foreign banks. When you understand that, you know that they do not wish to get the economy going again and release all the debtors. Plain and simple. Conspiracy? No, not really. It is about greed and control. If you on main street prosper, their machine collapses. It has taken a lot of work to get you in this position without you knowing it.

This Executive Order above is the president being drug along kicking and screaming. The release of these police in the US has uncovered much of the illegal banking practices, the false flag attacks, the phony war stories, and so forth. Many of the trusted leaders are going to jail soon and many Americans are going to feel quite foolish for being on the wrong side. Doesn't matter which political affiliation you are. 2012 promises to be a dramatic year, so believe half of what you see and none of what you hear. Hopefully you do that already.

I still strongly maintain that the dinar will be revalued. It is not a matter of investment. Don't call it that, because it is not. There is no investment that repays 3000 to 1 in normal circumstances. The dinar was created for the sole purpose of transferring wealth and to create a windfall tax for the US government. It was planned from the beginning. It will not be decided by the Iraqi government and it will not depend on some law to be passed. Those are all distractions. This will take place when the timing is right those who are blocking it are out of the way.

It is close now, keep watch..Interpol is about to make some moves behind the scenes. You will see these come out as scandals and offenses of the crazy kind. Don't get tangled up in any of it. The agency has a dossier on everyone in Washington. It is simply a matter of time.

Dinar Intel : PTR CALL 11-11-11 with TONY and GARY

PTR CALL 11-11-11 with TONY and GARY

Listen Here:

 https://app.freeconferencecallhd.com/playback.html?n=242433-17-65-6711211582-17-65-67-17-65-67244635-17-65-67933313;0NTIzNzc4NTk=1



Notes by : DebTarHeelGirl

EXCELLENT CALL – RECAP OF HIGHTLIGHTS

1- BANKS will be the last people to know about the RV so no need to call them YOU WILL KNOW FIRST.
2- GIANT Iraqi Contractor (name withheld) got a GOI signed contract with the with first payment due to this contractor on November 15th.
3- CONFIRMED USDollars being pulled out of the country now
4- 30,000 troops are gone now so sovereignty can be confessed
5- IN IRAQ - There was a vote taken yesterday about immunity and vote on final removal of 3 zeros, and its about the revalue of the dinar
6- There is a meeting going on right now ON US SOIL involving 9 countries involving what you and I care the most about and they are here to put an end to it whether it comes this afternoon tomorrow or Sunday that is what is most important
7- TONY STATES - I can almost, practically, with everything I know guarantee you the VND will be over .05.
8- TONY STATES - Can guarantee dinar will be significantly over 3 or 4 dollars to START with and remember it comes in first then changes higher later
9- TONY STATES – today could be a banner day – tomorrow or a MONDAY for sure one way or another - and I have told you a lot of info without giving you TOO much info here - but be excited – it’s all good
10- TONY STATES - This could be a special day to remember. Every day is, but this could be very special. IF the announcement of the RV is not made today I can guarantee you that final decisions are being made about this RIGHT NOW...
11- TONY STATES - after this RV stick around new ventures coming up, not as troublesome as this one.
12- TONY STATES - there was an agreement made last week where each country could and go a % above the rate as that is what their Country needed to recover and they would pay the people but would still get what was coming to them from Iraq to stimulate their own country economy.
13- Know those world leaders didn’t just fly in here to say happy Veterans Day to Obama – SOMETHING IS HAPPENING

TONY STATES – Going to start this off a little different today. We're going have a good day. I have info I want you guys to know about. Got notes from friends from conversations. Believe me, yesterday a whole lot of info flying around…I was on the phone probably for 16 hours yesterday, talking to people here, DC, AZ, Iraq. All the pieces were being fitted together. Banking people are excited….The regular bankers have never seen this stuff on the screens…when we say the banking industry is doing things that doesn’t mean u can walk in your bank and see it!!! We're not at that point yet. When we're at that point you'll be cashing out. Believe me, they are going to be the last people to know. Those people right there. When we get to that bank and the teller sees it, you will be cashing out...they will be the LAST PEOPLE TO KNOW! So, when someone tells you something is going on in the banking, FOREX, UST. It has to be coming from higher up sources, restricted areas. See some arguing about what is possible and what’s not…Things happen every day. There is a level of secrecy in our GOV that you will never know about. The guy at the bank has never been involved in this….Things are totally different from one country RVing to 150 countries RVing…There's a lot more levels of involvement…I got what I consider proof from the banking industry. They sent me a copy of a bank screen. Not going tell you all it said, but things are possible. Something is happening in that industry. I love hearing that. It means we're at the end. Past all the politics, the bs, the laws over there….the countries and later you will love what i have to say...I’m going tell u in a minute.. Even though I just said that I'm going tell you what's happening today….There is so many things that have to go into it...that’s where we are ….

TONY STATES – we heard from a contractor about his contract that the different in this contract is that he is an Iraq citizen with a contract and there is a difference and his contract is for three provinces Baghdad Kurdistan region and very large and with a great industry that it has been signed by the Iraq government – IT HAS BEEN SIGNED – this is the different – others are waiting and THIS ONE Has been signed and things are shipped over and first payment due November 15th…We hear this morning that our USD is being pulled out of the country – yes we heard this before months ago but yet it was still there and now announcements have been made on a lot larger scale of this… AS OF This morning the last 72 hours over 30,000 US TROOPS have left Iraq and a small portion is left 3 or 4 thousand troops – and its significant as article says today that they declare themselves a sovereign nation and that’s how they do this…. There was a vote taken yesterday about immunity and vote on final removal of 3 zeros, and it’s about the revalue of the dinar and also you know to understand where we are and even though they removed those out there is an agreement in place…. Trying to tell you everything so you understand where we're at. Even though they moved those guys out there is an agreement in place, but it is different. Most realize that it’s important for a country to save face, to move everyone out and then invite you back. Until we're gone, we have invaded them and never left. But if invited back, it’s a whole different story

TONY STATES – can’t tell you who they are but there is a meeting going on right now ON US SOIL involving 9 countries involving what you and I care the most about and they are here to put an end to it whether it comes this afternoon tomorrow or Sunday that is what is most important…IT WILL HAPPEN! A LOT OF THINGS are going to change!!!

TONY STATES - nobody knew 100% what was going to happen when or how –we all got bits and pieces of info in what we are waiting for. We all got bits and pieces of info. A guy called me yesterday and said somebody told me in March that it wasn't going happen til the troops leave Iraq… We said you're crazy, this is getting ready to go. But here we are, and as far as all are concerned, the troops have left Iraq, except for those at the embassy. Guess what, they were right. Don't mind saying that… Even though we though they could never survive until now, here we are….

TONY STATES - I can almost, practically, with everything I know guarantee you the VND will be over .05. I can almost guarantee you that. Don't ask me how. Can guarantee dinar will be significantly over 3 or 4 dollars to START with and remember it comes in first then change later- remember what I told you…. Heard a lot in the past about what can or can't be. We never knew. We were all just getting info. It’s about to create a huge change in our world and society when it happens. You're not going appreciate this, but I'm going tell you. The number we heard has gone so far crazy, but I said I hope it doesn't come out at that number. He said, Tony, quit being so greedy. I have a strategy, if it comes out at 3 or 4 dollars, I will multiply that by 20… This is a once in a lifetime thing. You better take advantage of it. Can you imagine someone having 3M in their hand you have never had 3K in the bank and the fear its going create. People are starting to worry someone is going to take your money.

TONY STATES – today could be a banner day – tomorrow or a MONDAY for sure one way or another - and I have told you a lot of info without giving you TOO much info here - but be excited – it’s all good and I am having a great vets day and my 15 years in the military and it’s a great day due to the calls and levels of contacts in all level f sources and they are not in the same agencies and not even in the same state or same the country and they are All saying the same thing. That gives it credence….and I can breathe easy and am saying man just another day or two and wow – enjoy life…

CALLER ASKS –

TONY STATES - This could be a special day to remember. Every day is, but this could be very special. IF the announcement of the RV is not made today I can guarantee you that final decisions are being made about this RIGHT NOW...

I'm not going to do that on this call what’s next to look out for, but I am going do that. Got to figure out how I'm going do it to tell you the truth. Not something everyone can do. It’s based on the rate it comes out at. Key people in our group already have the info on the next opportunity. Not as big as this. It will be a world event and coming real soon. Will be much easier. You'll be Millionaires already. The key is to hang around. If you can't do it in the next 30 days. My strategy is for the next 30 days. You can always look for the next opportunity. Whole cycle is less than 1 year. They might tell me to shut up. Don't want as many people in it. Will share IPO's, in Feb or March… when Facebook goes public, it will be the biggest thing ever. If you're setting up your account at your bank, I would advise you to tell them to get you involved. Chase and JP Morgan is in charge of more IPO's than any other bank out there. Its something to get yourself educated on right now.


CALLER STATES - had a biz partner involved in different things. Started investing himself and shared with me. Been in for about a year. Desperately need this. Biz went south. Collectors calling all the time. Trying to keep an even keep, PTR is helping a lot with that.

TONY STATES - Well thank you. If you can keep an even keel, its the best thing for you. Stress affects you physically. I don't bounce up and down. I'm up every day. Excited with every little bit of info. Some people can't do that. Stay in the middle range and just be excited knowing its going to happen. WE ARE Closer than ever right now.

CALLER ASKS - we just have to be patient...I know that...because it is taking so much longer it seems the rate is higher because of it?

TONY STATES - there was an agreement made last week where each country could do something and it was told to go a certain percentage above based on their requirements an base on the whole EURO deal and go a % above as that is what their Country needed to recover and they would pay the people but would still get what was coming to them from Iraq to stimulate their own country economy…The numbers will be different per country – this is a totally different plan from what they wrote back then and things Changed and some things were NOT publicized until it happens – Countries have increased and the rate dollar amounts the last 2 months have increased from the starting point to where it’s going to end from the info I have been getting….

CALLER ASKS - will there be a short cash time
TONY STATES - ? He says absolutely NOT…

CALLER ASKS - Walking on air, know its going to happen. Enjoy the calls. Just sit back and let it happen.

TONY STATES TO CALLER - I absolutely agree and when it happens you will ALL be shocked!I'm excited not by what I've told you, but by what I haven't told you. ONE OF OUR members put on our forum that everybody has their own puzzle not the same but their own and own info coming in and where it makes sense for them – putting a puzzle together with no borders has been this but now it is coming together – this whole process has been new info new pieces and someone brings it one at a time and we try to fit this piece of the puzzle in – and now I want to say I do have some border pieces now I surely do.

CALLER and TONY CHIT CHATS….

TONY STATES – I Want to apologize for this morning, the misunderstanding about the delay of the call. Hopefully we got everyone back so they could participate. If not it is recorded. Hopefully the info makes your day, helps you get through it a little better. If something comes out of today, what we want you'll get a text message today… Know those world leaders didn’t just fly in here to say happy Veterans Day to Obama – SOMETHING IS HAPPENING

SaLuSa Responds to Allegations Against President Obama

SaLuSa Responds to Allegations Against President Obama

This is very unusual. Russ Michael was also distressed to see the allegations that James Rinks put out against President Obama. (1) Russ has taken a number of steps to discover what the situation is.

Here he reports on writing Mike Quinsey and asking him to ask SaLuSa about the matter. Mike generally doesn’t ask SaLuSa questions so this is unusual, as far as I’m concerned. But on this occasion, SaLuSa did respond and his answer is that the Rinks charges are disinformation. Russ’s letter and Mike’s response are attached below.

The more general matter is this. The cabal wants President Obama emasculated. They are doing everything in their power to tear him down and defeat every plank of his legislative program. That’s too bad, because part of that is denying Americans the blessings of universal medicare. What a shame.

We as lightworkers can sometimes act, on a level below consciousness, on the premise that where there’s smoke there’s fire. All the criticism of President Obama must mean something, we conclude. But it does not. Sometimes where there’s smoke, there’s only an Illuminati smoke machine and that’s the case here.

In my opinion, lightworkers are being manipulated and I oppose it. Yes, President Obama may have chosen an unwise course by going along with the “bin Laden is dead” subterfuge, but overall he represents the Light and is here, along with others, to lead us into the New Age. I personally am not joining the wave of criticism against the President, no matter who it comes from. In my opinion, it originates with the dark.

Some people have accused me of censoring the news thereby. Give me a break. Disinformation is not news. Disinformation destroys the credibility of news. I’m interested in the truth and the slanders against Obama are not that.

Last rant: Disinformation has never been more rampant than it is now. Fukushima stories are being churned out while the galactics say that they are containing the damage. Stories circulate that a nuclear bomb was used to destroy Japan while the galactics say that no nuclear bombs can be exploded (except some test bombs apparently) on the planet or in space.

(1) This site will not be posting disinformational articles or articles intended to create fear. (2) This site accepts as credible the testimony of sources like Matthew Ward, SaLuSa, the Arcturian Group, etc. They are an integral part of our informational process and are in fact the major contribution this site makes to contemporary discussion. If they do not seem credible to you, why read this site?

So to repeat: The allegations that President Obama tried to steal $400 billion and other charges made by James Rinks in the third part of his series entitled “Change is on the Horizon” are not accurate. Please do not allow them to make an impact on you.

Thanks to Russ for digging into this and Mike for asking SaLuSa.


--------------------------------------------------------------------------------

Michael Quinsey wrote:

Hi Russ,

I have put out a mental request to SaLuSa, and asked the question for a response to the criticism of Obama. I have given below what I received.

Mike Quinsey.


--------------------------------------------------------------------------------

SaluSa says:

“If you find that you cannot trust a source of information, then set it aside and trust in those that you have faith in. Most messages of disinformation also include some truths, which makes them more difficult to understand.

“You have been informed from a number sources already that President Obama is the one chosen to lead you through the coming period.

“His work cannot fully commence until the restraints upon him are removed so bear in mind that he is under much pressure to follow the advice he is being given.

“You will see the real man and exalted soul that he is come to the fore when he is able to fully express himself as a Being of Light.”

Webbot Clif High with Zany Mystic Show

Part 1


Part 2


Part 3


Part 4

Towards Economic Collapse: Europe’s Debt Crisis has Spiraled out of Control

Towards Economic Collapse: Europe’s Debt Crisis has Spiraled out of Control
November 12, 2011

As Chancellor Merkel and PM Sarkozy search for a solution that doesn’t exist they continue to lose credibility. Nothing of substance has been agreed upon that is legal and can be implemented. At the IMF Christina LeGarde is frantically waving her arms like a cheerleader telling anyone that will listen that if the six sovereigns in financial trouble are not aided the euro will fail and peace in Europe will disappear. The elitists are frantic because they cannot find a solution. LeGarde says without help there will be ten years of depression. She obviously hasn’t done her homework. Try 30 or more years. Sarkozy, Merkel and Jans Weidmann council member of the ECB has said the ECB cannot bail out governments by printing money. He is also head of the Bundesbank and said a key lesson of what is being proposed is the hyperinflation in Weimer Republic, which followed WWI. Over in Italy PM Berlusconi, who looks and acts like Benito Mussolini has been unseated and as a result the Italian bond market is on the edge of collapse. There is big pressure downward in stock and bond markets as a result and the US Treasury again attacks gold and silver hoping they can keep gold from breaking about $1,800. The PPT’s ability to achieve this is more than questionable.

At Cannes PM Sarkozy and President Obama discuss what a liar Israel’s PM Netanyahu is. Their candor was accidentally picked up by a supposedly muted speaker. What is now realized is that euro zone government bonds contain unexpected credit risks. All the European politicians and bureaucrats want to save the euro, but their promises and solutions are not worth the paper they are written on. They are so believable that China won’t lend them money. These characters have been kicking the can down the road since last spring with little or no long-term solutions, and no solutions to affect a recovery and create jobs. Austerity has replaced growth and that is expediting a failing economy, even in Germany. If economies don’t grow tax receipts fall and the ability to service debt is impaired. Big euro zone banks are broke just as their counterparts in NYC are. As this proceeds we ask how long can the ECB buy Italian and Spanish bonds?

In Greece a coalition has been made and Mr. Samaras has shown his true colors by backing Trilateral-Bilderberg Lucas Papademos, as interim PM. We hope Greek citizens realize that Papademos will sell them out. It is only a matter of when. The debt deal will probably be ratified, but at what price? Will it bring revolution or a coup? Who knows, but under the circumstances anything goes. 60% to 65% of Greeks oppose the bailout, but 71% want to stay in the euro, which is impossible.

If further austerity measures are taken in Italy there will be demonstrations and violence. In the meantime bond market yields climb; Italy’s access to the bond market lessens and as a result stock markets fall. There is no coordination between the ECB and its members. The French banks and others are selling bonds, which the ECB is being forced to buy. All of these factors lend to political, financial and economic uncertainty. This is a major full-blown crisis and the US realizes that. Why else would they be strongly trying to suppress gold and silver prices? Europe is in disarray and Germany has to come to terms with cutting loose the six loser countries. That means leaving the euro and perhaps the EU. We see no other choice in this unnatural association.

Europe’s banks are leveraged 26 to 1, whereas 9 to 1 is normal. A 4% fall in asset prices will wipe out equity. Debt to equity for corporations is 145% in Portugal, 135% in Italy; 113% in Ireland, Greece 218%, Spain 152% and 89% in the UK. In Germany it is 105% and in France 76%. EU financial problems are endemic not just in the six countries in trouble. Europe is an accident waiting to happen, which we have pointed out for some time. We are now seeing failed bond auctions even in Germany. The sale of EFSF bonds had to be put off due to lack of interest. If it hadn’t been for the ECB buying the bonds of Italy, Spain and Portugal the bond market would have already collapsed. Europe is the catalyst and eventually it probably will take the financial system down. The ECB probably has already bought close to $300 billion in just these countries alone.

European banks are howling that they have to increase capital reserves to 9% by June 30, 2012. In the wings we see $610 billion allocated to bailout by sovereigns, which they believe will be stretched to $1.4 trillion via the use of derivatives. That may never happen if the German Federal Court disallows it. On the other hand more savings would allow further business expansion but are we going to see that in a falling economy?

This last recovery as an example in Germany was caused in great part by an increase in government debt from 74% in 2009 to 83% in 2010, in France 79% to 82% and in Greece and Italy 130% to 160% versus 116%. Thus, it is fair to assume that the recent recovery came from an extension of money and credit. This leveraging now leads to de-leveraging, which may bring balance, but is not good for growing an economy. It diminishes the ability of the economy to generate capital. That means the economies statuses are going to worsen. This results in lower manufacturing activity, which we already see falling. Year-on-year the PMI has already fallen from 54.6 to 47.3 in Germany. The service index is 47.2. Both have been and will continue to fall in tandem. At the same time the ECB has monetized $300 billion by purchasing bonds and that is inflationary. Worse yet the ECB has lifted monetary growth from 9.5% in June to 23% in October. Loose monetary policies cause these problems, but debt is so onerous that they have to continue or they will fall into a deflationary depression. In the meantime inflation grows. There can be no real healthy growth until de-leveraging has ended. The banks and the governments won’t do that for fear of losing control. That means more debt and higher inflation and perhaps even hyperinflation.

In Italy Silvio Berlusconi is off again, on again, as to whether to resign as PM. His closest coalition ally Umberto Bossi of the Northern League, has told him he should resign.

There is no question that Europe’s debt crisis has spiraled out of control. That is something we predicted would happen long ago. Finally, Germany and France are discussing a breakup of the euro zone to allow the six weak countries to exit the euro, but stay in the EU. Italy and Spain show signs of serious trouble and they are simply too big to rescue, because that would bankrupt the solvent countries.

Italy’s 10-year T-notes traded as high as 7.5% and are now back below 7%, but the ECB and other countries, plus perhaps the Fed, were buyers.

We have to laugh as all these bureaucrats and politicians try to save six countries, as their own countries are in serious trouble. Mrs. Merkel, German Chancellor, says it is all so unpleasant. Lady, it is a lot worse than unpleasant. Europe is in a defining moment as they face collapse.

As the world economy slows the EU is focusing on growth, because if it doesn’t it will fall behind in a very competitive world. Europe, England and the US, as well as others are facing inflationary depression and then deflationary depression.

There is not from our viewpoint at this time, enough time to make treaty changes. All efforts have to be pointed toward immediate financial solutions and to allow those six nations to exit the euro zone, but allow them to stay in the EU. Recession is fast closing in on the world, just not Europe. If they have to increase money and credit on the short term so be it.
http://www.globalresearch.ca/index.php?context=va&aid=27623
Bob Chapman is a frequent contributor to Global Research