GLOBALISTS PANIC: EUROZONE ON VERGE OF COLLAPSE

Growing political resistance in Ireland and Germany to handing over money to  banks is forcing the ECB to buy up souvereign debt

Hyperinflation is logical result of the crumbling eurozone pyramid scheme

German economists suggest creating a eurozone with two currencies

Merkel admits that the euro collapse could spell the end of the Globalist’s European Union

There has been a massive sell off of bonds as Irish government’s chances of pushing through an IMF/EU austerity budget suffered a setback after Sinn Fein won a by-election in Donegal on Friday, shaking the faith of markets in the ability of governments to keep the euro pyramid scheme going.

In an election that could one day be seen as a turning-point in history when the Globalists and EU tide of power finally began to be turned back, Sinn Fein’s Pearse Doherty took 40 per cent of the votes, reducing the Fianna Fáil-Green party coalition’s majority to just two in the 166-seat Irish Dail or parliament and making the government reliant on two independents to pass a draconian IMF budget in a vote on December 7^th unless opposition deputies vote for the budget or abstain.

But political winds will continue to blow against the banks because the ruling coalition is expected to be decimated in elections in the new year as the people of Ireland wake up to the fact that about half their tax revenue is going to be sent to overseas banks in return for nothing and for nominal paper debts.

The government is being increasingly perceived as a political oligarchy that is making the people hand over their assets to banks such as the Royal Bank of Scotland, Deutsche Bank and Hypo Real Estate under the pretext of needing to pay interest on artificially-engineered, fractional reserve property debts. The bank-controlled IMF and EU have dictated the pace of the transfer of wealth as well as who is to have to pay most to the banks in a four-year budget due to be voted on on December 7th.

The realization that they are now serfs toiling for a colonial banking cartel, being taxed to the hilt but without any representation has sparked the biggest political storm in Ireland since the country gained its independence.

As the markets digest the fact that politics will force the European Central Bank to continue to buy bonds and prop up the Irish banks because accessing assets  in Ireland and also being pooled the 720 billion euro European financial stability fund is going to be difficult, traders began   a massive sell off of bonds, rushing to get out of the market before the entire euro pyramid scheme collapses.

Slovak Prime Minister Iveta Radicova poured fuel on the fire when she said that the European financial stability rescue mechanism resembles a pyramid scheme rather than a long-term solution.

“We are close to a system similar to a pyramid scheme and the moment will come when the whole system will collapse like a house of cards,” Radicova said on Wednesday.

Austria’s Der Standard said that the Euro bailout scheme is going “from bluff to bluff.”

http://derstandard.at/1289608902133/Euro-Schutzschirm-Von-Bluff-zu-Bluff

More than the Irish crisis, the remarks of German Chancellor Angela Merkel that investors will have to  accept a “haircut” unnerved banks as it became clear that they will be not able to access the substantial assets of Germany in return for their non-existent, fraudulent, fractional reserve paper debts, ensuring the imminent collapse of the euro currency.

If banks cannot unlock the assets of Germany and other countries as interest payment for their fraudulent “bonds”, the ECB will have to step in and buy up sovereign debt, cementing the awareness that servicing the eurozone debt is without any basis in real-world economics and that it really is a pyramid scheme that can now only lead to hyperinflation and the collapse of the euro currency.

Political resistance among Germans to handing over almost all their tax revenues to pay for the eurozone bailouts under a “transfer union” that even violates German laws is growing.

Kai Konrad of the Max Planck Institute calculated that the transfer union could cost Germans 260 billion euros a year: the last budget for all of Germany was 300 billion euros, according to Die Welt.

http://www.welt.de/wirtschaft/article11252294/EU-droht-zu-gigantischer-Transferunion-zu-mutieren.html

The difficulty of persuading the German people to accept this transfer of their wealth to the banks and the small group of wealthy investors behind them will only grow when they realize that banks like Hypo Real Estate have engineered those same debts through various schemes involving subsidiaries such as Depfa in Ireland.

http://derstandard.at/1289608902133/Euro-Schutzschirm-Von-Bluff-zu-Bluff

A sufficiently strong police state is clearly not yet in place to contain the civil unrest.

The Germans  growing anger at their own government could be one reason why Bild newspaper has so far not run a campaign branding the Irish as irresponsible for asking for a bailout. Too many people are waking up to the fact that the banks who engineered the crisis will be the only recipients of these “bailouts”; that the budget cuts are leading only to an ever deepening recession; and they are directing their anger at Berlin and the EU.

Given the fact that the Germans were never given a vote over the introduction of the euro or the Lisbon Treaty, the dawning realization among them that the European Union is, in fact, an autocratic tax collecting arm of the banks and corporations draining away all their wealth could spell the end of the Globalist’s  EU project.

The euro currency looks set to collapse , fragmenting into different currencies before a transition to a new global currency run by the IMF, which already has SDR in place, can take place.

Other problems for the banks are looming with Greece. Der Standard reports that no one knows how the gigantic, fractional reserve and derivative debt burden of Greece is going to be financed after 2013 if the Germans are not going to be hoodwinked into doing it. The Greeks are already handing over 53.5 % of their annual tax revenues to the banks to service an artificial debt, which is growing exponentially, not shrinking.

http://www.welt.de/wirtschaft/article11252294/EU-droht-zu-gigantischer-Transferunion-zu-mutieren.html

The massive flight from bonds sparked by the realisation the euro pyramid scheme is about to collapse is pushing up interest rates, but plans to double the 750 billion euro rescue fund  to 1.5 trillion are just part of the bluff, notes Der Standard. Plans to introduce a Eurobond will also not go down well in Germany.

The question now is: what next?

German economist Hans-Olaf Henkel has suggested that two currency zones should be created when the euro breaks up.

http://www.zeit.de/wirtschaft/2010-11/henkel-euro-aufteilung

However, it is clearly in the interests of the people of all Europe to ditch the euro and the EU altogether and set up new national currencies, leaving the printing of money to the government and not booking the creation of money as debt just as it is in the interest of the people of the USA to regain control of the privately owned Federal Reserve.