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Greek Debt Crisis: Mark II of the Plan for a Greatest Depression
Posted By kurtnimmo On November 7, 2011 @ 3:56 pm In Featured Stories,Old Infowars Posts Style,Tile | Comments Disabled
November 7, 2011
HSBC, a prized bankster asset connected to the City of London, is warning of a global depression, reports CNBC.
Analysts at the global banking and financial services company are looking at the “risk on – risk off paradigm” which they say is dominant feature of the market since the start of the financial crisis back in 2007.
“The recent events in the euro zone have caused the risk on – risk off paradigm to strengthen even further. Over the last week it has almost become a caricature of itself: we saw extreme euphoria on the back of a purported bailout package followed days later by intense despair induced by the prospect of a Greek referendum,” said David Bloom, Global Head of FX Strategy at HSBC in a research note.
Since a referendum on bankster operations run by the IMF and the European Union would have put “aid funds” (more debt) for Greece in jeopardy, it was quickly squashed after PM George Papandreou was called before his masters last week at the G20 summit in Cannes.
It was widely reported that Greece’s “creditors” were “horrified” by the prospect of allowing the Greek people to decide if they want to continue their participation in the IMF’s loan sharking swindle.
Following Papandreou’s acquiescence to the international bankers, the “markets rallied.” On Thursday, Britain’s FTSE 100 was up 1.1 percent at 5,546. France’s CAC-40 rose 3 percent 3,204 while Germany’s DAX was also 3 percent higher at 6,144. In the U.S., the Dow Jones industrial average rose 1.2 percent, to 11,974 while the broader S&P 500 index rose 1 percent to 1,251.
Bankers and their minions scheme to get rid of Greek PM for daring to put debt to vote.
Stock market buoyancy was also supported by a decision by Europe’s central bankers to cut interest rates by a quarter of a percentage point to 1.25 percent.
Despite the big casino roller-coaster ride, markets remain “jittery” over the Greek dilemma and the fact that a country can actually leave the euro. The bankers want to avoid at all cost another Iceland scenario.
Italy is on the edge with premier Silvio Berlusconi’s government ready to fall after it failed to come up with a plan to pay off its debt to the bankers. Meanwhile, Portugal has demanded more flexible terms for its “bailout” so it can avoid social dislocation and riots in the streets.
Bloom said market participants are comparing the current Greek crisis to Lehman Brothers. “Market stresses are currently far worse than after Lehman and the event which people are worried about has not even happened yet!” he warned. “Despite this, perceptions about the possibility of the event are already driving markets to an unheard of level.”
Lehman was brought down on purpose. It served as a watershed for the “too big to fail” myth used to fleece taxpayers and transfer huge amounts of wealth to the coffers of the elite during the engineered subprime mortgage financial crisis.
The Lehman collapse “precipitated a $550 billion run on the money market funds,” Brown continues (her emphasis) “This was the dire news that Treasury Secretary Henry Paulson presented to Congress behind closed doors, prompting Congressional approval of Paulson’s $700 billion bank bailout despite deep misgivings.”
Lehman’s historic demise immediately tanked the big casino – the Dow Jones fell more than 500 points, the worst drop of the blue chips since September 11, 2001.
The planned demise of Lehman greased the skids for the 2008 financial crisis and contributed to the erosion of close to $10 trillion in market capitalization from global equity markets in October 2008.
More than three years have passed since the Greatest Depression experienced its inauguration. Now banker insiders are telling us the euro debt crisis will serve as a catalyst for a “great depression Mark II” and will undoubtedly christen the next phase of the plan.
As Andrew G. Marshall explained in his article The Great Global Debt Depression: It’s All Greek To Me, the massive global social, political, and economic crisis now unfolding was engineered by the elite to further centralize power structures on a global scale and further remove power from the rest of humanity.
“This not only creates massive disparity and inequality, but it establishes the conditions for an incredibly radicalized, restless, and angry world population,” Marshall writes. “As such, the centralized global power structures that elites seek to strengthen and build anew will ultimately be authoritarian, oppressive, and dehumanizing. This is so because the social unrest resulting from this massive global impoverishment will make the apparatus of oppression necessary in order to secure and maintain those very power structures.”
The OWS movement is only vaguely aware of the process now unfolding and the totalitarian future the globalists have in mind for us. It correctly identifies the banksters as the culprits but instead of calling for the dismantlement of the Ponzi scheme economy and outlawing the Federal Reserve system, it demands a socialist redistribution of wealth.
This is fine and dandy by the global elite. After all, they designed, funded and foisted the socialist system on humanity, as Antony Sutton and others have demonstrated. Socialism – as both Stalin and Mao understood – is the most effective control system ever devised.
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