Former chief economist of the Bank of International Settlements (BIS), William White, said we are now in a “debt jubilee” while warning about an upcoming worldwide debt crisis at the Davos conference earlier this year. He warned that the global financial system had become dangerously unstable.
Not since the 1930s in Germany has a major European country dared to escape from the clutches of the Rothschild-controlled international banking cartels. This is stupendous news that should encourage nationalist patriots worldwide to increase the fight for freedom from financial tyranny.
Solution to the Economic Crisis? North Dakota’s Economic “Miracle”—It’s Not Oil | 10Abr2012 17:17:32
State owned bank devoted to the principle that State money should serve the public interest instead of serving the interests of the large New-York money center banks.
Under the European Financial Stabilization Fund (EFSF), for each country of Euroland, billions or hundreds of billions euros may be required by Brussels for payment within SEVEN days.
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EU Plans to fund Greek debt but will ask for collateral. That means when Greece defaults, as it surely will, the EU be able to foreclose on Greece national assets. [What used to be done by military conquest now is accomplished by loans, using money created out of nothing.]
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