Protect Democracy & Expose Western Liberal Democracy

Archive for November, 2011

Even if I got a visa for Europe…I wouldn’t go


Abdirizak Mohamed Mohamoud

Here is a typical story of tens of thousands of African refugees seeking survival and better life. It is from an Ethiopian teacher his name is “Abdirizak Mohamed Mohamoud” as it was posted on IRIN (UN Office for the Coordination of Humanitarian Affairs) on 22 November 2011.

Before you read the story

For all those Africans who are trapped with poverty they must realize that Western and Arab countries, including the USA and European countries are not the solution but they are behind the problems that created Africa and World poverty; corruption; and armed conflicts.

Behind every great fortune, there must be a crime, or more. Western and Arab countries devastated Africa before and they are continuing their pillage. Look at Congo; Ghana; Nigeria; Libya; Ivory Coast;…….. and all other African countries.

Why there are poverty; conflicts; and corruption? The answer is obvious. It is because Western countries on both sides of the Atlantic and Arab countries are succeeding in getting African best natural and human resources cheap while they sell their products at exorbitant prices for long time.

The mineral industry of Africa is one of the largest mineral industries in the world. Africa is the second biggest continent, with 30 million km² of land, which implies large quantities of resources. For many African countries, mineral exploration and production constitute significant parts of their economies and remain keys to future economic growth. Africa is richly endowed with mineral reserves and ranks first or second in quantity of world reserves of bauxite, cobalt, industrial diamond, phosphate rock, platinum-group metals (PGM), vermiculite, and zirconium. Gold mining is Africa’s main mining resource.

The Central African Mining and Exploration Company (CAMEC), one of Africa’s primary mining enterprises, is criticized for its unregulated environmental impact and minimal social stewardship. In the Spring of 2009, retired British cricket player Phil Edmonds’ assets were seized by the United Kingdom’s government due to CAMEC’s illicit association with self-appointed Zimbabwean President Robert Mugabe. CAMEC recently sold 95.4% of its shares to the Eurasian Natural Resources Corporation. It is currently under restructuring and is no longer trading under the CAMEC brand.

African mineral reserves rank 1st or 2nd for bauxite, cobalt, diamonds, phosphate rocks, platinum-group metals (PGM), vermiculite, and zirconium. Many other minerals are also present in quantity. The 2005 share of world production from African soil is the following : bauxite 9%; aluminium 5%; chromite 44%; cobalt 57%; copper 5%; gold 21%; iron ore 4%; steel 2%; lead (Pb) 3%; manganese 39%; zinc 2%; cement 4%; natural diamond 46%; graphite 2%; phosphate rock 31%; coal 5%; mineral fuels (including coal) & petroleum 13%; uranium 16%.

Key producers as of 2005, strategic African minerals and key producers were:
Diamonds: 46% of the world, divided as: Botswana 35%; Congo (Kinshasa) 34%; South Africa 17%; Angola, 8%.
Gold: 21% of the world, divided as: South Africa 56%; Ghana, 13%; Tanzania, 10%; and Mali, 8%.
Uranium: 16% of the world, divided as: Namibia 46%; Niger 44%; South Africa less than 10%.
Bauxite (for aluminium): 9% of the world, divided as: Guinea 95%; Ghana 5%.
Steel: 2% of the world, divided as: South Africa 54%; Egypt 32%; Libya 7%; Algeria 6%.
Aluminium: 5% of the world, divided as: South Africa 48%; Mozambique 32%; Egypt 14%.
Copper (mine/refined): 5%/ of the world, divided as : Zambia 65%/77%; South Africa 15%/19% ; Congo (Kinshasa) 13%/0%; Egypt 0%/3%.
Platinum/Palladium: 62% of the world, divided as:South Africa 97%/96%.
Coal: 5% of the world, divided as: South Africa 99%

As for agricultural produce, take Ivory Coast cocoa for example and compare the prices of cocoa and those of chocolates. Or take the prices of cotton and textiles.

The same injustices apply in human resources. They get our best minds and labor and Africa gets in return the worst of their people.

A Story of An African Refugee

[Abdirizak Mohamed Mohamoud, 30, returned to his home village of Lafaisa, in the Jijiga zone of eastern Ethiopia, six months ago, after his attempt to reach Europe and a better life turned into an ordeal. He talked to IRIN, as well as a roomful of curious neighbours and friends, about his experiences as a migrant in Libya.

“I wasn’t satisfied with life here. I was a teacher, but I wasn’t earning enough to support my family. I had friends who had gone to Libya and then to Italy, but I only got as far as Libya.

“I crossed the border of Ethiopia into Sudan; then I crossed the Sahara in a lorry with 160 other people. All of the others were from Somalia – I was the only Ethiopian. One lorry broke down, then another came and took us the rest of the way.

“I paid the driver US$1,000 – money I got from all of my family and friends – but when we arrived in Libya, the driver wanted another $1,200 and held all of us hostage in his home on a big farm for two days.

“He gave me a cell phone and told me to call my family to get the money. He only got money from 10 individuals, even though he tortured us with electric shocks. I told my mother to send money but before it came, the Libyan police came and arrested all of us, including the driver.

“We were taken to a prison in Benghazi where there were about 900 Africans – Nigerians, Somalis, Eritreans and Congolese. After three months we thought we were going to die there. Some were tortured and some tried to kill themselves. We broke out by force, overwhelming the guards, and escaped, but some local people caught me and returned me to the jail. I spent one more month there before they transferred me to a Tripoli prison, where I spent two months.

“Then they transferred me again to a place called Katron, near the border with Niger, in the Sahara. I was there for a month with 320 Somali people before we escaped again. I found some people from Chad in Katron and stayed with them for 15 days and called my family to send money. My brother sent $300 to someone he knows in Tripoli, but that money paid only for me to be smuggled from Katron to Tripoli.

“I worked as a porter in Tripoli for 18 months, just to save money to get home. I couldn’t sleep at night because I was so afraid of being robbed; the only safe place to sleep was on graves. I managed to save $700 and pooled my savings with 14 friends to pay a smuggler to take us through Niger and into Chad. We left just before the uprising [in Libya] started.

“In Chad, people were dying of hunger and UNHCR [the UN Refugee Agency] refused to help us because they were busy helping the local people who were starving. We went on to Darfur in Sudan and UNHCR flew us to Khartoum and then to the Ethiopian border. I was very happy to get home after two years and two months.

“By the time I got back, one of my sisters had already left for Saudi [Arabia] to work as a housemaid. If I had got back in time, I would have told her not to go.

“I’m an example for my village – if I had succeeded, all the others would have gone. I don’t have a job now, I’m surviving by Allah, but even if I got a visa for Europe or the United States, I wouldn’t go – I’m dying here.”].

Africa is very rich if it can only stop the West and the Arabs from exploiting its resources and undervalue their prices to make themselves filthy rich and enjoy their unsustainable and immoral ways of life.

More data on the mineral resources of Africa are at these links:

Mineral industry of Africa and Economy of Africa

The new democracy: Goldman Sachs conquers Europe


The Independent published on 18 November 2011 this revealing article written by Stephen Foley.

What price the new democracy? Goldman Sachs conquers Europe

Goldman Sachs Men in the EU

While ordinary people fret about austerity and jobs, the eurozone’s corridors of power have been undergoing a remarkable transformation

The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic.

This is the most remarkable thing of all: a giant leap forward for, or perhaps even the successful culmination of, the Goldman Sachs Project.

It is not just Mr Monti. The European Central Bank, another crucial player in the sovereign debt drama, is under ex-Goldman management, and the investment bank’s alumni hold sway in the corridors of power in almost every European nation, as they have done in the US throughout the financial crisis. Until Wednesday, the International Monetary Fund’s European division was also run by a Goldman man, Antonio Borges, who just resigned for personal reasons.

Even before the upheaval in Italy, there was no sign of Goldman Sachs living down its nickname as “the Vampire Squid”, and now that its tentacles reach to the top of the eurozone, sceptical voices are raising questions over its influence. The political decisions taken in the coming weeks will determine if the eurozone can and will pay its debts – and Goldman’s interests are intricately tied up with the answer to that question.

Simon Johnson, the former International Monetary Fund economist, in his book 13 Bankers, argued that Goldman Sachs and the other large banks had become so close to government in the run-up to the financial crisis that the US was effectively an oligarchy. At least European politicians aren’t “bought and paid for” by corporations, as in the US, he says. “Instead what you have in Europe is a shared world-view among the policy elite and the bankers, a shared set of goals and mutual reinforcement of illusions.”

This is The Goldman Sachs Project. Put simply, it is to hug governments close. Every business wants to advance its interests with the regulators that can stymie them and the politicians who can give them a tax break, but this is no mere lobbying effort. Goldman is there to provide advice for governments and to provide financing, to send its people into public service and to dangle lucrative jobs in front of people coming out of government. The Project is to create such a deep exchange of people and ideas and money that it is impossible to tell the difference between the public interest and the Goldman Sachs interest.

Mr Monti is one of Italy’s most eminent economists, and he spent most of his career in academia and thinktankery, but it was when Mr Berlusconi appointed him to the European Commission in 1995 that Goldman Sachs started to get interested in him. First as commissioner for the internal market, and then especially as commissioner for competition, he has made decisions that could make or break the takeover and merger deals that Goldman’s bankers were working on or providing the funding for. Mr Monti also later chaired the Italian Treasury’s committee on the banking and financial system, which set the country’s financial policies.

With these connections, it was natural for Goldman to invite him to join its board of international advisers. The bank’s two dozen-strong international advisers act as informal lobbyists for its interests with the politicians that regulate its work. Other advisers include Otmar Issing who, as a board member of the German Bundesbank and then the European Central Bank, was one of the architects of the euro.

Perhaps the most prominent ex-politician inside the bank is Peter Sutherland, Attorney General of Ireland in the 1980s and another former EU Competition Commissioner. He is now non-executive chairman of Goldman’s UK-based broker-dealer arm, Goldman Sachs International, and until its collapse and nationalisation he was also a non-executive director of Royal Bank of Scotland. He has been a prominent voice within Ireland on its bailout by the EU, arguing that the terms of emergency loans should be eased, so as not to exacerbate the country’s financial woes. The EU agreed to cut Ireland’s interest rate this summer.

Picking up well-connected policymakers on their way out of government is only one half of the Project, sending Goldman alumni into government is the other half. Like Mr Monti, Mario Draghi, who took over as President of the ECB on 1 November, has been in and out of government and in and out of Goldman. He was a member of the World Bank and managing director of the Italian Treasury before spending three years as managing director of Goldman Sachs International between 2002 and 2005 – only to return to government as president of the Italian central bank.

Mr Draghi has been dogged by controversy over the accounting tricks conducted by Italy and other nations on the eurozone periphery as they tried to squeeze into the single currency a decade ago. By using complex derivatives, Italy and Greece were able to slim down the apparent size of their government debt, which euro rules mandated shouldn’t be above 60 per cent of the size of the economy. And the brains behind several of those derivatives were the men and women of Goldman Sachs.

The bank’s traders created a number of financial deals that allowed Greece to raise money to cut its budget deficit immediately, in return for repayments over time. In one deal, Goldman channelled $1bn of funding to the Greek government in 2002 in a transaction called a cross-currency swap. On the other side of the deal, working in the National Bank of Greece, was Petros Christodoulou, who had begun his career at Goldman, and who has been promoted now to head the office managing government Greek debt. Lucas Papademos, now installed as Prime Minister in Greece’s unity government, was a technocrat running the Central Bank of Greece at the time.

Goldman says that the debt reduction achieved by the swaps was negligible in relation to euro rules, but it expressed some regrets over the deals. Gerald Corrigan, a Goldman partner who came to the bank after running the New York branch of the US Federal Reserve, told a UK parliamentary hearing last year: “It is clear with hindsight that the standards of transparency could have been and probably should have been higher.”

When the issue was raised at confirmation hearings in the European Parliament for his job at the ECB, Mr Draghi says he wasn’t involved in the swaps deals either at the Treasury or at Goldman.

It has proved impossible to hold the line on Greece, which under the latest EU proposals is effectively going to default on its debt by asking creditors to take a “voluntary” haircut of 50 per cent on its bonds, but the current consensus in the eurozone is that the creditors of bigger nations like Italy and Spain must be paid in full. These creditors, of course, are the continent’s big banks, and it is their health that is the primary concern of policymakers. The combination of austerity measures imposed by the new technocratic governments in Athens and Rome and the leaders of other eurozone countries, such as Ireland, and rescue funds from the IMF and the largely German-backed European Financial Stability Facility, can all be traced to this consensus.

“My former colleagues at the IMF are running around trying to justify bailouts of €1.5trn-€4trn, but what does that mean?” says Simon Johnson. “It means bailing out the creditors 100 per cent. It is another bank bailout, like in 2008: The mechanism is different, in that this is happening at the sovereign level not the bank level, but the rationale is the same.”

So certain is the financial elite that the banks will be bailed out, that some are placing bet-the-company wagers on just such an outcome. Jon Corzine, a former chief executive of Goldman Sachs, returned to Wall Street last year after almost a decade in politics and took control of a historic firm called MF Global. He placed a $6bn bet with the firm’s money that Italian government bonds will not default.

When the bet was revealed last month, clients and trading partners decided it was too risky to do business with MF Global and the firm collapsed within days. It was one of the ten biggest bankruptcies in US history.

The grave danger is that, if Italy stops paying its debts, creditor banks could be made insolvent.  Goldman Sachs, which has written over $2trn of insurance, including an undisclosed amount on eurozone countries’ debt, would not escape unharmed, especially if some of the $2trn of insurance it has purchased on that insurance turns out to be with a bank that has gone under. No bank – and especially not the Vampire Squid – can easily untangle its tentacles from the tentacles of its peers. This is the rationale for the bailouts and the austerity, the reason we are getting more Goldman, not less. The alternative is a second financial crisis, a second economic collapse.

Shared illusions, perhaps? Who would dare test it?

The Three Pillars of National Liberalism


The National Liberal Party (UK) is a political party supporting the principle of National Liberalism.

National Liberal Party (UK) emblem

Who are the National Liberals?

National Liberals believe that the personal liberty of a nation’s citizens is vitally important and that this freedom is best preserved within the framework of a democratic nation state. A National Liberal will therefore support measures protecting and promoting personal liberty, greater democracy and national independence (see our Three pillars of National liberalism on this site).

Under Threat

The two main achievements of the 19th century were the proliferation of Nation States and the development of Civil Liberties and Individual Rights. Today these achievements are under threat.

National Sentiment

Establishment politicians are happy to work towards an unreformed ‘ever closer (European) Union’ or slavishly follow US foreign policy. We now, more than ever, need an independent (and ethical) British foreign policy that follows the dictates of national interest and achieves peace by respecting others interests. Questions of national identity, vital in an era of global migration and globalization, are being ignored. Civil and communal strife in many parts of the world, including the U.K. seem all but inevitable. Yet there is an alternative – the creation of unifying and inclusive national sentiments.

Loss of Liberty

Establishment politicians are using the ‘War on Terror’ to facilitate a growth in a ‘surveillance society’ whilst restricting civil liberties such as freedom of speech and association and the right to privacy. A heavily regulated society does not fit well with our traditions, where the protection of our liberty is often taken for granted and where an Englishman’s home was considered ‘his castle’.

National and Liberal

We must reverse these dangerous trends by helping to protect our treasured freedoms and liberties within the framework of a preserved nation state. We need a fresh and commonsense third alternative to the forces of Conservative and Labour.

The Three Pillars of National Liberalism

Liberty: Independence: Democracy

National Liberals believe that individual liberty and the right to organise social change is essential for human progress – but we believe a Liberal society can only be attained by people sharing an inclusive culture within the framework of an independent national state.

National Liberals believe that national sentiment is intrinsic to mankind and that an independent nation state is a natural building block of human society. As nationalists we believe in the right to self-determination for all nations and reject imperialism.

National Liberals believe that the principal enemy of liberty are Big Brother Governments who are ever ready to abuse their power for selfish ends or lead us to war. They enslave the people in ‘the name of the people’.

National Liberals believe that the antidote to Big Brother Government attacks on liberty and national feeling is by introducing forms of Direct Democracy. By building democratic institutions and voting systems we can ensure the ‘sovereignty of the people’.

In conclusion;

National Liberals believe “individuals require a national identity in order to live meaningful autonomous lives” and believe liberal societies need the “stability of national identity in order to function properly”. Both liberty and independent nations need strong democratic institutions to defend them from the corruption of Government.

National Liberals Vs. Liberal Democrats

Spot the Difference!

Both the National Liberals and Liberal Democrats believe in protecting personal liberties. These are important and trying times however for those who wish to preserve that liberty.

A Big Brother state is looming with ID cards imminent, public order restrictions and a growing surveillance culture. Once we have discarded our personal protections, that thousands have fought and died for over the centuries, it will be hard to get them back.

But………….the National Liberals and Liberal Democrats are not the same as we differ on some other fundamental issues. Here are just a few examples:

Sovereignty

Liberal Democrats believe in surrendering national sovereignty to bodies such as the EU to the benefit of Big Business and Bureaucrats.

National Liberals however believe that national sentiment is intrinsic to mankind and support the preservation of independent nation states.

Free Trade & Globalisation

Liberal Democrats believe in International Free Trade regardless of the impact on jobs and our Balance of Trade.

National Liberals believe that the resulting ‘Globalisation’ i.e. the mass movement of people and Capital has gone too far and is undermining wages, threatening jobs and exacerbating social tensions.

State Role in Society

Liberal Democrats are ambivalent towards the role of the state in society.

National Liberals oppose too much state control but do believe the state can still play a role in supporting vital sectors of the economy such as the self-employed and small trader as well as helping poorer sections of our people.

Democracy

Liberal Democrats believe, as with other ‘establishment’ parties, in the primacy of Representative Democracy, in particular the will of Parliament.

National Liberals accept the need for democratic Parliaments and Assemblies but are skeptical of their independence from ‘Big Brother’ Governments and members understanding of the needs of ‘real’ people. We would like to see much greater use of referenda to introduce legislation.

In short the National Liberals re-unite patriotism and popular democracy with liberalism!

See also their stand on the very important issue of:

Nationalism Vs. Liberalism?

EU and Banks are Weapons of Mass Slavery


How to Buy a European Country?

They temp you; they fool you; then the EU vampire sucks each drop of blood and wealth in your nation. If you are lucky and not dead when they are done with you; you will remain in debt bondage and poverty slave for centuries.

People must wonder, not the businesses, not the bankers, and not the politicians, can they really gain from joining the EU. “We must sacrifice for our country and our future generations” that is what they tell your politicians to tell the people to accept “austerity”. They want the people to pay for the debts of fraudulent local businesses; greedy banks; and EU agents. These debts are now considered sovereign debts. Why the billions are now considered national debts if some foreign thieves gave few bucks to local conmen and senseless entrepreneurs? The EU forces the governments to pay back EU bankers; but governments have no body to squeeze other than the people and national assets. Electricity; water; factories; airlines; or anything will go to foreign banksters. This is free market and the price you have to pay to clear your debts; be civilized; and join the rich democratic EU!

Join the European Union; be part of the civilized rich Europe and the West; and Easy loans are actually weapons of mass destruction and very marketable imperial expensive products. Getting any rubbish business plan is the only requirement; of course with some naivety and stupidity. They come to you and give you free advice if you don’t have some extra cash; or they can write it in your debt books as consultancy fees. The marvelous outcome is that “Hurray!!! You are eligible for loans from our banks; don’t worry about collaterals or securities, we just want to help you to become rich and civilized like us in the EU” that is what they told hundreds; but they never tell the people that they are screwed.

Why would banks potentially destroy themselves with such bad loan?

Bad loans are actually toxic loans because they are poisonous. It is a calculated gamble and a secure one with the definite support from the governments of creditors, namely: Germany; UK; and France.

I stated many questions about the initial silence and roles of these governments and their controlled EU institutions. Banks are too big to fail because governments defend them.

Banks and financiers cannot be incompetent, have maladministration, or short-sighted. The same scenario was tried in the US in several bubbles; and who lost? The banks didn’t but the foolish and greedy customers did.

Defaulting countries are now under exploitative control; it also happened in the past many times and in many countries.

Take Egypt for example; it was forced to sell Suez Canal to pay back small debt for a greedy foreign ruler “Pasha” who Britain and France deceived him and made him believe that he is Ismail “the Magnificent”; and he can Europeanize Egypt because he is so great and visionary.

Before him, his brother Saaid pasha was much under French influence, and in 1854 was induced to grant to the French engineer Ferdinand de Lesseps a concession for the construction of the Suez Canal.

To the British, Said also made concessions to the Eastern Telegraph Company, and another in 1854 allowing the establishment of the Bank of Egypt. He also began the national debt by borrowing £3,293,000 from Messrs Fruhling & Gbschen, the actual amount received by the pasha being £2,640,000.

Egypt financed and built the Canal and produced cotton; then what? They were forced to sell them for peanuts; or a song.

Britain and France in November 1879 re-established the Dual Control in the persons of Major Baring and Monsieur de Blignières. For two years the Dual Control governed Egypt, and initiated the work of progress that Britain was to continue alone. The financiers and their governments tools were the winners and the common people were the losers.

Cutting a just pound of his flesh

Blame Greedy Poor and Not Rich Banks

The core of the problem was most likely irresponsible lending by banks. A credit bubble was created through banks’ lending out money to individuals and businesses to acquire assets that proved to be worth less than the amount of the loans. This was especially true in the real estate sector – something we also saw happening in the United States.

What is called “irresponsible lending by banks” is actually a deliberate act of sabotage for the sovereignty of specifically targeted some European states.

It is a replay of the tragic comedy “The Merchant of Venice”. Cutting a iuſt pound of his fleſh

But can the money lenders take their loot without dropping blood?

These debts were made with evil intentions and they must be either written off or rescheduled by the people without additional usury.

Europe Soverien Debt Crisis Explained. Who Owes Who What?


Who owes the most European Debt?

 

Who is Buying What?

Inter Trader wrote on September 15, 2011, explaining the European Sovereign Debt Crisis:

[The core of the problem was most likely irresponsible lending by banks. A credit bubble was created through banks lending out money to individuals and businesses to acquire assets that proved to be worth less than the amount of the loans. This was especially true in the real estate sector – something we also saw happening in the United States.

When these banks got into trouble because of bad loan practices, the government had to bail them out using public funds. This happened in the United States and it was repeated in Greece and other European countries.

The government of course has no money of its own – it has to raise it either through taxes or through loans. Since tax money is normally used to finance the current budget expenditure, the money to bail out banks had to come from loans. What therefore happened is that the US, Greece and subsequently other European governments issued government bonds to finance these bailouts.

The problem with government bonds is that you have to pay interest on them and when the market starts doubting your ability to repay the loan, the interest rate will become higher and higher. In the end it is a downward spiral – the government takes up more loans to roll over existing ones, but the interest rates keep on getting higher and higher.]

Yesterday for the first time the EuroNews TV stated in a news bulletin that the new PMs of Greece and Italy and other EU officials are Goldman Sachs associates and ex-employees.

What is called “irresponsible lending by banks” is actually a deliberate act of sabotage for the sovereignty of specifically targeted some European states.

It is a replay of the tragic comedy “The Merchant of Venice”.  cutting a iuſt pound of his fleſh

But can the money lenders take their loot without dropping blood?

These debts were  made with evil intentions and they must be either written off or rescheduled by the people without additional usury.

External Debts of Rich Countries:

Country External Debt in US $ PerCaptia in US $ % of GDP
 Luxembourg 1,892,000,000,000 3,759,174 3,443
 Ireland 2,268,310,000,000 495,264 3,616.20
 Switzerland 1,200,000,000,000 154,063 229
 United Kingdom 8,981,000,000,000 144,338 400
 Norway 643,000,000,000 131,220 141
 Belgium 1,241,000,000,000 113,603 266
 Denmark 559,500,000,000 101,084 180
 Sweden 853,300,000,000 91,487 187
 Austria 755,000,000,000 90,128 200
 France 4,698,000,000,000 74,619 182
 Finland 370,800,000,000 68,960 155
 Germany 4,713,000,000,000 57,755 142
 Australia 1,169,000,000,000 52,596 95
 New Zealand 219,589,000,000 50,260 127
 Greece 532,900,000,000 47,636 174
 United States 14,991,308,000,000 47,568 99
 Netherlands 371,028,000,000 47,172 74
 Spain 2,166,000,000,000 47,069 154
 Portugal 497,800,000,000 46,795 217
 Italy 2,223,000,000,000 36,841 108
 Canada 1,009,000,000,000 29,625 64
 European Union 13,720,000,000,000 27,864 85
 Japan 2,441,000,000,000 19,148 45

Financiers’ Reich is Buying Some European Countries


European Countries Sovereign Debt Owed to German Banks

I intend to investigate an assumption that major German and British investment banks and financiers who are the main creditors and lenders for many European countries in the last twenty years deliberately created the current European sovereign debt disasters to gain control over certain countries.

The reason behind this accusation is very logical and clear. To protect investors, normal creditors in any situation shall definitely refrain from lending to any already heavily indebted entity or state.

The questions posed here to readers are:

1- Do you have any idea why these investment banks and financiers provided bad debts?

2- Do you know the names and ownerships of the major investors and creditors to each European country in crisis?

3- Why the EU institutions did not warn and intervene before approving the loans to heavily indebted countries?

4- Why the EU is suddenly very vigorous in dealing with debt default and bankruptcy while they were watching the clear problems in the making?

5- What made elected governments exceed any reasonable debt ceiling and overspend beyond their capacity?

6- Why the essential financial and economic prerequisites of the EU were relaxed and allowed heavily indebted countries to gain membership?

7- How far the EU and the financial markets are legally allowed to topple democratically elected governments and appoint unelected rulers?

8- What are the invisible relationships between the EU institutions and those investment banks and financiers?

9- Why the credit rating system was not applied to states that exceeded reasonable Debt/GDP ratio?

10- Why very rich countries like the USA, Germany, Luxembourg, Belgium, Switzerland, Austria, Sweden, Denmark, Finland, Norway, France, and the UK are the top indebted countries without interference?

I appreciate any information and comments on these questions to let everybody know the truth behind the unholy alliance between bankers; bureaucrats; and senior officials in any country.

Western Democracy is a Financiers’ Joke


European austerity protests

The financial and economic crises of Europe and in the West in general are bringing new corrupt solutions and concepts. It is impossible to understand and not to be outraged by the new practices of Western “democracies”.

One late example, in Greece and Italy the elected prime ministers and governments were forced to resign. The pressures on them didn’t come from the peoples but from the EU and from the financiers. This means that elections and the decisions made by voters are useless.

Government cabinets and members of parliaments are no longer answerable to the people but primarily to the EU and to financiers. Sovereignty is now being sold in European and Western financial markets. It is the same old story that changed the map of Europe and toppled European systems in the in the seventeenth and eighteenth centuries. Did anyone learn?

People are very concerned about the way the EU demanded austerity is being distributed; but the “democratic” politicians are only worried about the EU and financiers interests.

The former Greek Prime Minister George Papandreou was swiftly removed just because he decided that a referendum is essential to approve the EU debt package agreement. His plan infuriated European leaders, and rocked globalist financiers. Then the proposed referendum was emphatically scraped to appease them.

In a similar manner, the former Prime Minister Silvio Berlusconi of Italy was hastily ditched because he insisted that Italy will not ask for loans from the IMF. Europe and the USA are victims of the same systematic sabotage of overspending; debts; speculations; and financiers’ control for a very long time.

Is it possible in the near future to see voting being conducted in stock exchanges rather than in voting centers?

Western democracies on both sided of the Atlantic are influenced by financiers and not by the people. It would be better for them to rename their own form of “Democracy” to be “Finocracy”.

%d bloggers like this: