Saturday, 1 May 2010

Financial Debt Cancer Spreading In Europe

After months of trying numerous public relations gimmicks to calm market fears of a debt collapse in Greece, (downplaying the magnitude, giving assurances of EU backing, and making token reforms, etc), nothing has worked. Instead justifiable fears are spreading to Portugal and Spain. Either the monetary union will begin to unravel or a bailout will be initiated--which is technically not legal within current EU treaty law. Speculation is high that despite the legal prohibitions the IMF and the European Central Bank (backed by some sleight-of-hand-lending by the US Federal Reserve) will engineer a bailout. The global Powers That Be (PTB) will never tolerate the disintegration of the EU monetary union, a major stepping stone in the New World Order. more...


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