THE TIME HAS COME TO CALL THE ECB’S BLUFF AND END THIS EURO PONZI SCHEME

The ECB is threatening to cut liquidity off to banks and wreck financial mayhem in the event that Greece defaults or restructures its debt. This in spite of the fact that Greece is set to run out of cash on July 18^th and is sliding into lawlessness because of the very austerity measures which the ECB is advocating yet more of.

The time has come to call the ECB’s bluff. The ECB has much more to lose by a default and by cutting off liquidity to banks than the people of Greece or Europe. It would mean the moment when the criminal actions of the ECB — which has been hiding 100s of billions of euros of worthless loans on its books to milk taxpayers — would become apparent to everyone and so spell the political end of the ECB chiefs and the public-sector  Ponzi scheme they have been running with the euro currency. 

A change to the ECB’s operational rule to authorise the bank to give liquidity directly to governments and banks at no interest and without booking a corresponding debt n the balance sheet is all that is needed to resolve this eurozone debt crisis. Once the ECB chiefs are removed, the rebooting of the eurozone economy could start immediately. The Greek and other governments could be given liquidity from the ECB directly to allow managed insolvencies and fund a Marshall Plan for economic growth.

ECB chiefs appear to be terrified of a Greek default for purely personal reasons.

Manifesto of Spanish revolutionary movement against bankers and politicans and for real democracy

Watch occupation of Madrid square by protestors on livestream: http://www.ustream.tv/channel/motionlook

Check out the video in English on: http://www.youtube.com/watch?v=RZ55PC-ElSE&feature=player_embedded

Manifesto (English)

http://democraciarealya.es/?page_id=814

We are ordinary people. We are like you: people, who get up every morning to study, work or find a job, people who have family and friends. People, who work hard every day to provide a better future for those around us.
Some of us consider ourselves progressive, others conservative. Some of us are believers, some not. Some of us have clearly defined ideologies, others are apolitical, but we are all concerned and angry about the political, economic, and social outlook which we see around us: corruption among politicians, businessmen, bankers, leaving us helpless, without a voice.

SPANISH REVOLUTION CONTINUES IN SPITE OF GOVERNMENT BAN

Spanish Revolution live tv

http://www.tvspain.tv/blog/?p=3026

Tens of thousands young Spaniards throughout the country, resist an official ban on gatherings ahead of this Sunday’s municipal elections and keep their street  protest.

“Spanish Revolution” spreading via Twitter and Facebook. It is reminiscent of the 1968 French student movement, which caused  an unprecedented social and moral overhaul in Europe and throughout the world. Some commentators say the Arab Spring has arrived in Spain

15-M movement – the name referring to the day protesters start occupying Plaza del Sol in Madrid, – is calling for political and economic reform in Spain and has spread to 166 Spanish cities (Madrid, Barcelona, Cordoba, Murcia, Valencia, Zaragoza, Tarragona, Salamanca, Sevilla, Malaga, Cadiz, Oviedo, Santander and Bilbao to name a few) and to other parts of Europe. Similar plaza takeovers have been organized through online social networks in Italy and Argentina.

Spain’s austerity measures trigger election upheaval

Spain’s Socialist party suffered a historical defeat the polls as voters reject the austerity measures for the benefit of the bankers. Let’s hope they have more luck than the Irish, who voted out one set of banker puppets only to get the next set cheerfully breaking every election promise and carrying on with the looting.

UPDATE 1-Spanish Socialists suffer big defeat in local pollsMon May 23, 2011 5:09am EDT, Reuters

* Socialists score worst municipal results since Franco

* PM Zapatero vows to hang on until March 2012

* Centre-right Popular Party takes 10 point lead nationwide

ECB has put 100s of billions of euros of worthless debt on its books which tax payers will have to pay for, reports Der Spiegel

From CNBC

The European Central Bank is facing a potential crisis of its own because of “skeleton” risks amounting to several hundreds of billions of euros on its balance sheet, Dow Jones reported quoting Der Spiegel magazine.

Greece is descending into lawlessness due to austerity cuts, reports Express

EUROZONE CRISIS: THE GREEK TRAGEDY

Greece is descending into lawlessness as EU finance ministers try to rein in spending

Sunday May 22,2011

By Helena Smith, Express.co.uk

TEETERING on the brink of bankruptcy, Greece is descending into lawlessness as EU finance ministers try to find ways to rein in Athens’ colossal public debt.

Even dirt-poor immigrants are saying they want to leave the nation at the centre of Europe’s worsening economic crisis.

“I am afraid, very afraid, of what tomorrow might bring,” said award-winning Athenian film director Theo Angelopoulos on the nightly news last week. “This is a very critical moment for our country… and I am appealing to our politicians.

Greece: Athens prepares army deployment in the capital

Greece: Athens prepares army deployment in the capital

Google translation by Truthfrequencynews.

Greece: Athens prepares army deployment in the capital

Udo Ulfkotte

In Athens, the domestic political situation gets out of control, obviously. After increasingly frequent violent clashes, the government is now information from the environment of the Prime Minister to use the army in Athens after. For the first time since the military dictatorship in the Greek capital could again deploy the military. This conjures up unpleasant memories.

Heads of German and French parliaments make pact against more banker bailouts

The President of the German Parliament, Norbert Lammert, and his French counterpart, the President of the National Assembly, Bernard Accoyer have issued a joint declaration at a meeting in Überlingen, Germany, insisting that national parliaments be given more decision-making powers over the massive transfer of tax money to banks under various bailout schemes, which are either rushed through parliaments or not put to parliaments at all. 

Lammert said no “general empowerment” had been given to Germany’s Finance Minister Wolfgang Schäuble and  Chancellor Angela Merkel, who had not yet even given the German Bundestag a draft of the legislation for the new mega eurozone bailout fund for the banks due to come into operation in 2013.

French finance minister and hawk is favourite to head IMF

Christine Lagarde, the French finance minister, who has been pushing the penal and ruinous bailouts on Greece and Ireland as well as the IMF’s new global currency, the SDRs, is favourite to replace Dominique Strauss-Kahn as the head of the IMF, reports The Telegraph.

http://www.telegraph.co.uk/finance/economics/8529574/Christine-Lagarde-seen-as-shoo-in-to-replace-Dominique-Strauss-Kahn-at-IMF.html

Dominique Strauss-Kahn openly called for a new world currency that would end the dominance of the dollar. He also pushed penal bailouts on the eurozone countries such as Greece and Ireland that were insolvent and not illiquid. It is true the IMF charged an interest rate that was lower at 3% than the EU’s. But the IMF had to overcme political opposition to get a foot in the door of Europe and so buddy up with the EU in running the biggest public sector Ponzi schemes ever as Mario Blejer called it.

EU’s Ashton opens office in Libya to suck Europe deeper into another Vietnam

 „Some countries suspect that Lady Ashton remains in the job only because Tories, who tried to block the Lisbon Treaty, are happy to have an “incompetent” as foreign minister,” writes The Telegraph. Sir Humphrey Appleby would be proud! But is this woman “incompetent” enough???

http://www.telegraph.co.uk/news/worldnews/europe/eu/8529785/Baroness-Ashton-faces-grilling-over-incompetent-EU-policy.html

 BEIJING, May 23 (Xinhuanet) — EU foreign policy chief Catherine Ashton has reiterated that Libyan leader Muammar Gaddafi must relinquish power. She was speaking from the rebel stronghold Benghazi, where she also promised to offer long-term support to the Libyan opposition.