26/11 Bankers have seized Europe: Goldman Sachs Has Taken Over

Nov 26th

Bankers have seized Europe: Goldman Sachs Has Taken Over

by Paul Craig Roberts

On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from Greece, Italy, and Spain must accept part of the cost of their bailout by writing off some of the debt. The private banks want to avoid any losses either by forcing the Greek, Italian, and Spanish governments to make good on the bonds by imposing extreme austerity on their citizens, or by having the European Central Bank print euros with which to buy the sovereign debt from the private banks. Printing money to make good on debt is contrary to the ECB’s charter and especially frightens Germans, because of the Weimar experience with hyperinflation.

Obviously, the German government got the message from the orchestrated failed bond auction. As I wrote at the time, there is no reason for Germany, with its relatively low debt to GDP ratio compared to the troubled countries, not to be able to sell its bonds.
If Germany’s creditworthiness is in doubt, how can Germany be expected to bail out other countries? Evidence that Germany’s failed bond auction was orchestrated is provided by troubled Italy’s successful bond auction two days later.

Strange, isn’t it. Italy, the largest EU country that requires a bailout of its debt, can still sell its bonds, but Germany, which requires no bailout and which is expected to bear a disproportionate cost of Italy’s, Greece’s and Spain’s bailout, could not sell its bonds.

In my opinion, the failed German bond auction was orchestrated by the US Treasury, by the European Central Bank and EU authorities, and by the private banks that own the troubled sovereign debt.

My opinion is based on the following facts. Goldman Sachs and US banks have guaranteed perhaps one trillion dollars or more of European sovereign debt by selling swaps or insurance against which they have not reserved. The fees the US banks received for guaranteeing the values of European sovereign debt instruments simply went into profits and executive bonuses. This, of course, is what ruined the American insurance giant, AIG, leading to the TARP bailout at US taxpayer expense and Goldman Sachs’ enormous profits.

If any of the European sovereign debt fails, US financial institutions that issued swaps or unfunded guarantees against the debt are on the hook for large sums that they do not have. The reputation of the US financial system probably could not survive its default on the swaps it has issued. Therefore, the failure of European sovereign debt would renew the financial crisis in the US, requiring a new round of bailouts and/or a new round of Federal Reserve “quantitative easing,” that is, the printing of money in order to make good on irresponsible financial instruments, the issue of which enriched a tiny number of executives.

Certainly, President Obama does not want to go into an election year facing this prospect of high profile US financial failure. So, without any doubt, the US Treasury wants Germany out of the way of a European bailout.

The private French, German, and Dutch banks, which appear to hold most of the troubled sovereign debt, don’t want any losses. Either their balance sheets, already ruined by Wall Street’s fraudulent derivatives, cannot stand further losses or they fear the drop in their share prices from lowered earnings due to write-downs of bad sovereign debts. In other words, for these banks big money is involved, which provides an enormous incentive to get the German government out of the way of their profit statements.

The European Central Bank does not like being a lesser entity than the US Federal Reserve and the UK’s Bank of England. The ECB wants the power to be able to undertake “quantitative easing” on its own. The ECB is frustrated by the restrictions put on its powers by the conditions that Germany required in order to give up its own currency and the German central bank’s control over the country’s money supply. The EU authorities want more “unity,” by which is meant less sovereignty of the member countries of the EU. Germany, being the most powerful member of the EU, is in the way of the power that the EU authorities desire to wield.

Thus, the Germans bond auction failure, an orchestrated event to punish Germany and to warn the German government not to obstruct “unity” or loss of individual country sovereignty.

Germany, which has been browbeat since its defeat in World War II, has been made constitutionally incapable of strong leadership. Any sign of German leadership is quickly quelled by dredging up remembrances of the Third Reich. As a consequence, Germany has been pushed into an European Union that intends to destroy the political sovereignty of the member governments, just as Abe Lincoln destroyed the sovereignty of the American states.

Who will rule the New Europe? Obviously, the private European banks and Goldman Sachs.

The new president of the European Central Bank is Mario Draghi. This person was Vice Chairman and Managing Director of Goldman Sachs International and a member of Goldman Sachs’ Management Committee. Draghi was also Italian Executive Director of the World Bank, Governor of the Bank of Italy, a member of the governing council of the European Central Bank, a member of the board of directors of the Bank for International Settlements, and a member of the boards of governors of the International Bank for Reconstruction and Development and the Asian Development Bank, and Chairman of the Financial Stability Board.

Obviously, Draghi is going to protect the power of bankers.

Italy’s new prime minister, who was appointed not elected, was a member of Goldman Sachs Board of International Advisers. Mario Monti was appointed to the European Commission, one of the governing organizations of the EU. Monti is European Chairman of the Trilateral Commission, a US organization that advances American hegemony over the world. Monti is a member of the Bilderberg group and a founding member of the Spinelli group, an organization created in September 2010 to facilitate integration within the EU.

Just as an unelected banker was installed as prime minister of Italy, an unelected banker was installed as prime minister of Greece. Obviously, they are intended to produce the bankers’ solution to the sovereign debt crisis.

Greece’s new appointed prime minister, Lucas Papademos, was Governor of the Bank of Greece. From 2002-2010. He was Vice President of the European Central Bank. He, also, is a member of America’s Trilateral Commission.

Jacques Delors, a founder of the European Union, promised the British Trade Union Congress in 1988 that the European Commission would require governments to introduce pro-labor legislation. Instead, we find the banker-controlled European Commission demanding that European labor bail out the private banks by accepting lower pay, fewer social services, and a later retirement.

The European Union, just like everything else, is merely another scheme to concentrate wealth in a few hands at the expense of European citizens, who are destined, like Americans, to be the serfs of the 21st century.

Global Research Articles by Paul Craig Roberts

NauseaBond007 on 22 Oct 2011

[ENGLISH :]
Who Controls America ? (01-03) – Banking/Finance – Goldman Sachs
The big list of the Responsible persons: http://www.egaliteetreconciliation.fr/Qui-controle-les-etats-unis-8521.html

SLAVES TO THE PARASITE BANKERS!!

HISTORY REPEATS ITSELF IN EUROPE….

NATIONALISE ALL BANKS- TAKE CONTROL OF OUR OWN MONEY SUPPLY- OH SHIT- BUT DOESN’T THAT CAUSE WARS…….SLAVERY 21ST CENTURY…..NOTHING HAS CHANGED HAS IT?

ZOG OF THE WESTERN WORLD!

liarpoliticians on 18 Nov 2011

The views of Goldman Sachs of the protesters who are against the fraudster bankers, fraudster politicians, and the bailing out of fraudster banks.

Of course, no action will EVER be taken against these massive frauds – the largest theft in the history of planet Earth, since the crooked politicians have been bought by the crooked bankers. Shows how corrupt “the 1%” are.

Recorded from BBC Newsnight, 17 November 2011

Category:
News & Politics

Germany, which has been browbeat since its defeat in World War II, has been made constitutionally incapable of strong leadership. Any sign of German leadership is quickly quelled by dredging up remembrances of the Third Reich. As a consequence, Germany has been pushed into an European Union that intends to destroy the political sovereignty of the member governments,

IGNORE THE FACT THAT BOLSHAVIK RUSSIA WAS FAR WORSE THAN GERMANY-…..BUT THEN GERMANS DIDN’T OWN THE MEDIA, BANKS AND WESTERN POLITICIANS!

WE WON THE WAR—THATS ONE OF THE BIGGEST LIES!!

HAD A GERMAN WRITTEN SUCH A BOOK- WHAT WOULD THE WORLD HAVE DONE- BOMBED THEM…

ON WAR BEING DECLARED:

“Uneasiness ruled in the House of Commons. A delegate of the Labour Party met with the British Foreign Minister Halifax on September 2nd, (1939) in the lobby of Parliament. ‘Do you still have hope?’ he asked. ‘If you mean hope for war,’ answered Halifax, ‘then your hope will be fulfilled tomorrow.’

‘God be thanked!’ replied the representative of the British Labour Party. (Professor Michael Freund)

“In Britain, Lord Halifax was reported as being ‘redeemed’. . . “He ordered beer. We laughed and joked.” (H. Roth. Are We Being Lied To?)

“Germany is too strong. We must destroy her.” (Winston Churchill, November 1936 to US General Wood.)

“I believe now that Hitler and the German people did not want war. But we declared war on Germany, intent on destroying it, in accordance with our principle of balance of power, and we were encouraged by the ‘Americans’ around Roosevelt.” (Sir. Hartley Shawcross. British Attorney General)

ROOSEVELT PART JEW- HAD 73 JEWS AROUND HIM.

POLITICIANS AND THEIR MEDIA HACKS DON’T KNOW HOW TO TELL THE TRUTH!

5 responses to “26/11 Bankers have seized Europe: Goldman Sachs Has Taken Over

  1. GERMANY MUST PERISH- WE KNOW WHO RUNS THE USA- NOT AMERICANS!

    Thus, the Germans bond auction failure, an orchestrated event to punish Germany and to warn the German government not to obstruct “unity” or loss of individual country sovereignty.

    Germany, which has been browbeat since its defeat in World War II, has been made constitutionally incapable of strong leadership. Any sign of German leadership is quickly quelled by dredging up remembrances of the Third Reich. As a consequence, Germany has been pushed into an European Union that intends to destroy the political sovereignty of the member governments, just as Abe Lincoln destroyed the sovereignty of the American states.

  2. http://zioncrimefactory.com/
    Allied war crimes must be investigated, otherwise we deny the facts of history

    Joshua001A 1 month ago 4
    not a chance of that…..

    ON WAR BEING DECLARED: 73 jews were around Roosevelt-he himself was part jewish

    “Uneasiness ruled in the House of Commons. A delegate of the Labour Party met with the British Foreign Minister Halifax on September 2nd, (1939) in the lobby of Parliament. ‘Do you still have hope?’ he asked. ‘If you mean hope for war,’ answered Halifax, ‘then your hope will be fulfilled tomorrow.’

    ‘God be thanked!’ replied the representative of the British Labour Party. (Professor Michael Freund)

    “In Britain, Lord Halifax was reported as being ‘redeemed’. . . “He ordered beer. We laughed and joked.” (H. Roth. Are We Being Lied To?)

    “Germany is too strong. We must destroy her.” (Winston Churchill, November 1936 to US General Wood.)

    “I believe now that Hitler and the German people did not want war. But we declared war on Germany, intent on destroying it, in accordance with our principle of balance of power, and we were encouraged by the ‘Americans’ around Roosevelt.” (Sir. Hartley Shawcross. British Attorney General)

  3. WESTMINSTER COULD SOLVE THE UNEMPLOYMENT IN A TICK- BUT WON’T TOO SCARED ..BOMBS WOULD FALL ON THE UK……

    http://www.biblebelievers.org.au/witness1.htm#2

    INTERNATIONAL TRADE:

    “You will be visiting Japan, where goods that are flooding the world’s markets are being manufactured under entirely different labour conditions. That will, one day also apply to Russia. The powers-that-be in Moscow will, if necessary, allow part of the populace to starve in order to maintain the export trade.” (Adolf Hitler, Paris Soir, January 26th 1936)

    In fact, such was the reason and result of the Ukrainian famine; artificially created by ‘Uncle Joe Stalin’ precisely for that purpose, the effects of which led to an estimated 30 million Russian deaths.

    “I want bread and work for my people. And certainly I do not wish to have it through the operation of credit guarantees, but through permanent labour, the products of which I can either exchange for foreign goods or for domestic goods in our internal commercial circulation.

    Germany has an enormous number of men who not only want to work but also to eat. I cannot build the future of the German nation on the assurances of a foreign statesman or on any international help, but only on the real basis of steady production, for which I must find a market at home and abroad.” (Adolf Hitler, Paris Soir, January 26th, 1936)

    The terms of the Versailles Treaty and various other trade restriction impositions had put Germany at a trading disadvantage. Hitler’s Germany however turned the tables by adopting a system of trade-barter. In this way he effectively eliminated the international financiers and fixers, corroding their influence and giving Germany the trading advantages. The German system was so obviously superior that this unfortunately made war even more inevitable.

    “The Nazi phenomenon arose from the German desire to avenge the defeat of 1918 and to find a place in the sun for the most dynamic of European nations.” (Hon. Major General Khub Chand. Indian statesman and diplomat. Doenitz at Nuremberg. A re-Appraisal)

    “The reproach that world trade is declining as a result of the German method of barter trade can, if it is correct at all, only be addressed to those who are to blame for this development. They are those countries who by means of their currency manoeuvres arbitrarily destroy every fixed relationship between individual currencies in accordance with their own egotistical requirements.

    In these circumstances however the German system of exchanging something that has been turned out as an honest job of work for something equally honestly produced is a far more straightforward way of doing business than by payment in foreign currency, which a year later is devalued by so much percent.” (Adolf Hitler. 6th Anniversary Speech)

    “Joining with Samuel Untermeyer in calling for a war against Germany, Bernard Baruch, at the same time, was promoting preparations for war against Germany. ‘I emphasised that the defeat of Germany and Japan and their elimination from world trade would give Britain a tremendous opportunity to swell her foreign commerce in both volume and profit.” – – Samuel Untermeyer, The Public Years, p.347

    “It is likely that Germany’s successful competition through bilateral agreements and the banking nations desire to liquidate such interest-free competition was an important factor in the United States and Britain promoting war against Germany.” (Conrad Grieb. American Manifest Destiny and the Holocausts, Examiner Books, N.Y 1979)

    “After the last war, informal attempts were made to stabilise currencies but they failed. . . competitive currency depreciation led to other forms of economic warfare. . . new currency tricks restricted and burdened trade. They must certainly be counted as a contributory cause of the great depression. And they were the first phase of the tragic war in which we are now engaged.” (Henry Morgenthau, Secretary to the (US) Treasury)

    UNEMPLOYMENT DEFEATED:

    By 1938, unemployment was a thing of the past, and even the retired had to be induced back to accommodate the needs of German’s economic and productive success: “When in the course of the last few years unemployment disappeared in Germany and turned into an even greater shortage of labour, it was impossible for the government to view this impassively, since otherwise there was a danger that some industrial branches would be compelled to restrict their production. . .

    Labour reserves today in Germany can be secured by the employment of additional female labour, later retirement, and employment of superfluous independent workers as wage earners in industry. But these reserves are relatively small so that the question arises how to increase efficiency of labour.” (Congressman Hamilton Fish)

    “At the end of February, 1933, registered unemployment was 6,014,000. The corresponding figure for 1934 was 3,374,000. . . . It has been achieved in part by using Government credit to stimulate employment, in part by a general drive under the direction of the Nazi Party, and in part by a genuine business recovery.” (H. Powys-Greenwood, Hitler’s First Year)

    “The wage of a people has meaning only when it arises from production. Every increase in production should benefit the whole people and raise the people’s standards of living.” (Adolf Hitler)

    “Life is not a problem of financial speculations, but always only a problem of work. The folk community does not exist on the fictitious value of money, but on the results of productive labour, which is what gives money its value. This production, and not a bank or gold reserve, is the first cover for a currency.” (Adolf Hitler)

    “In the course of carrying through our program for which we have calculated four years, two and one-quarter million out of 6 million unemployed have already received employment again within a period of eight short months.” (Adolf Hitler)

    THE REICHSTAG FIRE:

    “The German people have no reason to envy the rest of the world an acquisition of any kind. But what would the world say about Germany if we had held a farcical trial for the benefit of a criminal who had attempted to set fire to the British Houses of Parliament, a trial which could have had no other object but to place British justice and her legal administration below the level of such a scoundrel.” (Adolf Hitler)

    GERMAN EQUALITY WITH OTHER NATIONS:

    “I wish and will continue to wish, that the German people should learn that by reason of practical examples afforded by their ability and work, they are not a second-rate or inferior people in comparison with others. On the contrary they are their equals according to all true standards of values and therefore entitled to equal rights in all respects.” (Adolf Hitler)

  4. Time to start getting ready http://tinyurl.com/7dynl87
    it can’t get worse, can it?

    • Steve, it’s hardly started yet! it’s going to get far,far worse.

      Try this from one of your own countrymen, had this book been read by Americans on masse US history from WW2 onwards would be very different.

      “I think it ought to be compulsory reading in every public school in America.”

      Senator William A. Langer, former Chairman, Judiciary Committee.

      Vice Admiral T. G. W. Settle, U.S.N. (ret.), says:

      “The Iron Curtain Over America” is a most pertinent and excellently presented treatise on the cancer on our national set-up. “I hope this book has had, and will have, the widest possible dissemination, particularly to our leaders-in Washington, and in industry and the press, — and that our leaders who are “uncontaminated” will have their serious attention engaged by it.”

      Lt, General P. A. Del Valle, USMC (ret), says:

      ” I am impelled to write to you to express my admiration of your great service to the Nation in writing this truly magnificent book. No American who has taken the oath of allegiance can afford to miss it, and I heartily recommend it as an honest and courageous dispeller of the fog of propaganda in which most minds seem to dwell.”

      Author John Beaty….His education (M.A., University of Virginia; Ph.D., Columbia University; post-graduate study, University of Montpellier, France), his travel in Europe and Asia, and his five years with the Military Intelligence Service in World War II rounded out the background for the reading and research (1946-1951) which resulted in The Iron Curtain Over America.

      http://iamthewitness.com/books/John.Beaty/Iron.Curtain.Over.America.htm

      I’d always believed that we were at War with Russia [ Cold War ] how wrong I was.

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