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FMI presiona os países Europeus a entregarem sua Soberania

POR LUIS MIRANDA | THE REAL AGENDA | 18 NOVEMBRO, 2012

O Fundo Monetário Internacional (FMI) pediu aos países sob pressão do mercado por custos de financiamento elevados, incluindo a Espanha, que busquem a ajuda dos fundos de resgate europeus para o programa de compra de dívida criado pelo Banco Central Europeu (BCE).

“Os países deveriam implementar programas de ajuste e, se necessário, procurar o apoio adequado da EFSF / ESM. Isso permitiria ao BCE intervir com o programa recentemente criado, indicou “um documento do FMI preparado para a reunião dos ministros das finanças e presidentes de bancos centrais do G-20, em 4 e 5 de Novembro.

Neste sentido, a organização destaca que apesar da decisão do BCE de remover alguns dos principais riscos na zona do euro, os fatores econômicos e políticos podem acarretar que estes países não procurem a ajuda de seus parceiros europeus e do BCE.

A instituição liderada por Christine Lagarde disse que, embora se tenha avançado, a resolução da crise da zona do euro vai exigir  a implementação “oportuna e decisiva” das políticas propostas pelo BCE e do FMI.

O FMI alerta que o acesso ao financiamento a um custo razoável é “essencial para que as economias se ajustem com sucesso. Embora as economias de periferia devam continuar a ajustar seus balanços fiscais a uma taxa que possam ser pagos no atual ambiente frágil, devem, também, adoptar as políticas certas. “O documento adverte que as alterações que não envolvem um” resgate “podem ​​não ser suficientes para recuperar totalmente a confiança dos mercados, especialmente a implantação de risco.

Assim, a suposta solução fornecida pelos banqueiros não é somente eficaz, como também uma faca de dois gumes. Além de manter os países endividados, os banqueiros também querem aprofundar a crise através da emissão de mais dívida, para que mais risco se possa criar e que nada mude. É por isso que os bancos querem assumir o controle total, mantendo as políticas fiscais e monetárias em cada país para que eles possam arriscar tudo o que querem com o dinheiro dos outros sem ter que prestar contas a ninguém.

O FMI afirma falsamente que as medidas tomadas pela crise devem ser acompanhadas por um guia que levará a criação de um sindicato bancário e uma maior integração fiscal para fortalecer a união monetária. Este é o mecanismo que, de uma vez por todas, dará  o controle completo de todas as decisões financeiras da Europa aos banqueiros. Eles também pretendem exportar este mecanismo para o mundo uma vez que os países da UE sejam completamente absorvidos.

Segundo o FMI, a UE deve se basear em um único mecanismo de monitoramento – controlado pelos bancos que criaram a crise – um mecanismo de resolução ao nível da zona do euro com o apoio de todos os membros e um esquema onde todos os países financiem um sistema de seguro de depósito para a união monetária. Esse dinheiro também será destinado para causas decididas pelos banqueiros e os países ou bancos serão “resgatados” somente se estiverem de acordo com os termos dos contratos.

O FMI também destaca que a continuação da execução de reformas financeiras, fiscais e estruturais é “essencial”, embora reconheça que levará vários anos antes que todas as políticas se apliquem plenamente. Isto significa que os banqueiros, pelo menos por enquanto, não vão desabar o sistema financeiro europeu de uma só vez, desde que se possa criar mais dívida e fazer nações soberanas escravas desta dívida.

Os banqueiros têm alertado sobre o uso de austeridade como uma forma de reduzir os gastos fora de controle do governo. Em vez disso, dizem eles, os países devem defende uma dívida perpétua. Isto é porque este é o mecanismo mais eficiente para que eles rapidamente controlem nações diretamente. A verdade é, no entanto, que o FMI é um dos principais motores de austeridade como um primeiro passo na aquisição de nações endividadas. Uma vez que os burocratas do governo já não são capazes de cortar os orçamentos, os banqueiros se colocam como salvadores a emprestar dinheiro, fazendo com que os países comecem um novo ciclo de endividamento.

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International Banking Mafia Drools over ‘Spanish Prize’

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 19, 2012

The global banking cartel that almost daily proposes the destruction of the nations states is working harder than ever to once and for all conquer Spain. Even before the European Central Bank issued a statement about its openness to bail out Spain, technocrats in Europe were already proposing the looting of the country. Now that the ECB agreed to print million of euros to acquire the peninsular country, they are megaphoning louder than ever that Spain must immediately accept the bailout in order to solve its debt problem.

In previous reports, The Real Agenda reported how the unelected leaders in Brussels believe that Spain will not be able to comply with the conditions imposed by the bankers should Mariano Rajoy request the money from the European Stability Mechanism, which would turn such a request into an official hand over of the nation to the European bankers and nothing else. According to sources in Brussels, Spain does not have and will not have the capacity to cut its deficit by collecting taxes or reducing government spending. What these two actions would definitely do, is to harden even more the dire situation in which millions of Spanish people are now: unemployed, having to use their savings to pay for daily expenses and while looking at an uncertain future.

Proof of the tough conditions in Spain are two reports that circulated on the Spanish press yesterday. One news article on the newspaper La Vanguardia, told about how Spanish people withdrew over 30 billion euros from their bank accounts during the month of July alone. That is how much they trust their government to solve the economic and financial crisis. Those 30 billion euros added to the amount withdrawn last year for a total of 80 billion euros. The withdrawals include individual and business accounts.

The other report published on the newspaper El País describes how the conditions imposed on Spain — after the country requests the bailout — will be the toughest so far in the region. This comment did not come from a speculator, but from the president of the Eurogroup, Jean-Claude Juncker, who said that Spain will experience deep cuts in government spending, which most likely be applied to government services, pension system and entitlement programs. Juncker’s prediction contrasts the comments made last week by the Spanish Secretary of Economy, Luis de Guindos, who assured the nation that the measures adopted along with the bailout would not mean ‘further sacrifices’ in the 2013 government budget.

In summary, Spain will not be able to meet the conditions of the bankers. Those conditions will represent more sacrifices from the Spanish people, who do not have an ounce of trust on their government to take the nation from the debt hole where it is sitting now. However, the same government led by Mariano Rajoy is still considering requesting the bailout, perhaps being influenced by the European banking sharks who are calling for the immediate request of the funds by the Spanish bureaucrats.

“The announcement of the ECB was very brave on one hand, but will not help unless Spain or Italy request the support of an economic program of the EU and the IMF,” said Charles Dallara, the Director of the International Institute of Finances (IIF), while attempting to portray the bankers as the saviors of the European region. In this regard, he said that in the absence of a government negotiating a reform program that is supported by the European Commission, the “massive potential support” by the ECB will remain only potential and will not materialize.

Spain had already requested the bailout of its “too big to fail” banks, which were instructed to hoard the money to avoid the otherwise impending hyper-inflation. The same situation occurred in other countries of the Euro zone and the United States. This explains why despite government interventions through massive fiat money printing, nations on both sides of the Atlantic haven’t generated any significant economic activity. Neither small or medium size business have been able to request loans to run their businesses. Instead, the bankers have hid the money given in bailouts, or have used it to pay fat bonuses to their board members and most influential investors.

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German Court Greenlights European Stability Mechanism

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 12, 2012

The constitutional court in Karlsruhe has decided that the German participation in the permanent mechanism for bailing out European nations is totally legitimate, but that their participation is limited to 190,000 million euros.

As expected, the German Constitutional Court on Wednesday approved the German participation in the European Stability Mechanism (ESM). The only condition is that Germany will not be an open checking account to rescue all other nations. That condition was the unexpected part of the decision.

The total proposed amount for the fund reaches 700,000 million euros, so theoretically Germany will split that amount with already indebted nations who are keen to provide funds for countries like Spain and Italy, and who are already providing money to other nations such as Greece and Portugal. The word from the court is not the final though, as the 190,000 million euros can be increased to whatever the German Parliament decides is necessary, explained the presiding judge, Andreas Vosskuhle in Karlsruhe.

The use of ESM funds to bailout European nations was initially scheduled for last July, but the need for ratification by at least 90% of participants had not been achieved until Germany issues its support, which has now happened.

Germany had requested some time to study and ratify the ESM last July, so the Constitutional Court could analyze in depth the claims for interim measures made ​​by different social groups, and the party of Eurosceptics who reported that adherence to these treaties involved a transfer of sovereignty and would require the revision of the German Constitution to weaken the supervisory capacity of the German Parliament about money of German taxpayers. The German Court has now approved of such surrender of sovereignty by accepting Germany’s participation in the fund.

The decision by the Court also requires that major decisions have the approval of ESM Bundestag either in full or a through a special committee, just as it happened with the temporary rescue fund. The President of the Board, Andreas Voßkuhle, acknowledged that some discussions were “very intense and complex.” With its decision, Germany will be the last of the seventeen countries in joining the euro rescue fund or ESM.

The impact that this decision has is less complex than the discussions mentioned by Voßkuhle, because the bankers will simply choose to make these so-called difficult decisions in private. In laymen’s terms, all responsibility has now been handed to the European bankers to spend the money of the European people as they please and with unlimited power.

The German Constitutional ruling, which also gave the green light for the Fiscal Pact, has been very well received in the markets. The Spanish risk premium (or yield spread required for Spanish 10-year bonds versus German) has decreased below the 400 basis points (4 percentage points) for the first time since April. The Spanish stock market has shot upward and the euro has also marked its highest against the dollar since May.

This means that the markets still do not understand that more debt will make it things worse. Like a drug addict, government leaders and financial market managers continue to see the consumption of more drugs (debt) as the only solution to the addiction problem.

The ruling will allow the bailout fund to become operational in the short term and therefore it will be seen as a loss publicly for German Prime Minister Angela Merkel, who in public always showed to buying sovereign debt from failing and bankrupt countries. Now, the German president, Joachim Gauck, will have to sign a legislative package that includes the ESM and the fiscal pact, the last obstacle before the fund can begin its operation.

Italy ready to beg for a Bailout

By LUIS MIRANDA | THE REAL AGENDA | JULY 17, 2012

The time for handouts doesn’t seem to end in Europe. After ‘solving’ the Spanish problems, the European bankers are now looking forward to ‘rescuing’ Italy from financial disaster. Italy will be the sixth nation to request and receive a financial bailout of its banking system before the country is officially absorbed by the international banking institutions that have, to a great extent, caused the current crisis.

Today, Italy is the third largest economy in the Euro zone and a shiny holder of a G-7 membership card. But that shiny membership is worth nothing as the Italians are also the third largest holder of sovereign debt. The debt to GDP ratio in Italy surpasses 120%. Italy’s dire situation has not been widely publicized due to the fact it is been hiding behind Spain’s  economically genocidal financial agreement with the bankers, which is the same agreement that Italian Prime Minister Mario Monti has in mind for his country.

Monti’s policies, although fairly accepted in his country, have failed to take Italy out of the hole. Instead of pulling the country out of the recession or depression — depending on who you ask — Monti’s so-called reforms aided a contraction of the economy by 0.8% in the first quarter of 2012. With such contraction also came the reduction in economic activity including the manufacturing, services and retail sectors. Retail sales fell below estimates in the past two months, and they are expected to continue the slide to levels between -0.8% and -1.6%.

The same measures taken by Spain before the bailout, a series of conditions imposed by the European bankers as a condition to start looking into a possible financial bailout of the Spanish banking system, were also applied by Monti’s-led government. Much austerity and the transfer of Italian infrastructure to the European lenders was the prelude to the upcoming rescue. Neither the people of Italy nor the markets liked Monti’s plan, but then again, it is not them who Monti works for, is it?

Despite the inevitability of the rescue, some issues have arisen regarding Italy’s standing in Europe and whether these conditions would be limiting when it comes to requesting and getting the funds to bailout its banks. For example, financial consultants cite the fact that the European Stability Mechanism has not been approved by all EU members. They also say that the current measures may not be enough to rescue Italy due to the fact its debt is much larger than that of Spain or Greece, for example.

“Placing Italy in a bailout scheme casts an even bigger shadow over the euro-zone,” says Yohay Elam at Forex Crunch. An Italian bailout, Elam says, would create a bigger hole in the debt crisis, because Italy itself has functioned as a supporter of past bailouts, so having to rescue the Italians would mean a larger burden for the region.

But neither Italy’s standing in Europe not the approval of the ESM by all countries is the big enchilada here. Italy will be absorbed by the banks just as Greece and Spain were. The matter is not if, but how. Should things run the bankers way as it happened with Greece and Spain, Italy will also have to surrender complete sovereignty to Brussels, as explained in the memo of understanding signed by both rescuers and rescues. “Spanish authorities will take all the necessary measures to ensure a successful implementation of the programme. They will also provide the European Commission, the ECB and the IMF with all information required to monitor progress in programme implementation and to track the financial situation.”

In the case of Spain, and most likely with Italy, Portugal, France and then Germany, Brussels will begin as a negotiator, but will end as a manager of all European economies. After receiving the proposals for financial bailouts, the World Bank, IMF, European Central Bank, the European Banking Authority and the Prime Ministers will sit down and agree to accept the request for aid and write the conditions for the rescues to occur. However, once the agreement is signed by all parties, the sole management of the programme falls on the hands of the ESM, a banker controlled institution.

Under the ESM, banking institutions that do not belong to large powerhouses will be either absorbed by mandating that they take bailout money, or dissolved. At this time, their assets will be given to the banks. The money that comes from the financial rescue will be given to partner banks, those who are owned by powerful European bankers, and the toxic financial assets will be re-circulated into other nations or financial entities. (MoU page 3)

Most likely, as in the case of Spain, Italy will have to meet the requirements established by the ESM, which are based on a timeline that begins at the signing of the MoU and goes well into 2013 and 2014. The rescue of banks in Spain may work as a model to be utilized in Italy. According to the MoU the losses incurred into by those participating in the financial rescue will be shared by equity holders and subordinated debt holders who may participate voluntarily of these losses, or otherwise be mandated to accept the mandatory Subordinated Liability Exercises (SLEs).

Through the execution of these supposed rescue plans, the European bankers also reassure their position and that of their decaying model as the only ‘legitimate’ way to take on the current crisis, even though that exact same model is the origin of the crisis itself. In Spain, for example, more independence is warranted to the Spanish Central Bank, which is a branch of the powerful European banking institutions.

“A further strengthening of the operational independence of the Banco de España is warranted. The supervisory procedures of Banco de España will be further enhanced based on a formal internal review,” says the MoU. The central bank will be more of a vigilante for the European bankers.

European Stability Mechanism Spreads to Italy

By LUIS MIRANDA | THE REAL AGENDA | JULY 3, 2012

The European technocracy has set its firm feet in Spain and now the bankers that control the financial institutions that Spain just surrendered to are moving to their next prize: Italy. By accepting the rules set in the latest rescue agreement, Spain, France, Italy and Germany turned into pawn waiting in line to be absorbed by the bankers and now, it is Italy’s time. One only has to read some of the most revealing articles and sections of the financial rescue package to realize what Europe will look time in a not too distant future.

While the media concentrates their commentary and uninformed reports on how Angela Merkel succumbed to Italian and Spanish requirements to sign on to the bankers plans, they ignore other more important details included in the agreement. Article 8, for example, authorizes the bankers to fix capital stock at 700,000 billion euros, for now. Article 9 obligates members of the European Stability Mechanism (ESM) to  “irrevocably and unconditionally undertake to pay on demand any capital call made on them . . . such demand to be paid within seven days of receipt.” Members of the ESM include not only the four big Euro nations, but also the Kingdom of Belgium, the Federal Republic of Germany, the Republic of Estonia, Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic, the Republic of Cyprus, the Grand Duchy of Luxembourg, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic and the Republic of Finland.

Article 10 gives the complete power to the ESMs Board of Governors — the real controllers — to “change the authorised capital and amend Article 8 . . . accordingly.” Further ahead on article 32, paragraph 3 says that the ESM, its property, funding, and assets . . . shall enjoy immunity from every form of judicial process . . . .” This assures the bankers that none of them will ever have to be accountable for any nation or any individual, because the countries agreed to such immunity. On paragraph 4 the power grab continues: “The property, funding and assets of the ESM shall . . . be immune from search, requisition, confiscation, expropriation, or any other form of seizure, taking or foreclosure by executive, judicial, administrative or legislative action.”

Additionally, Article 30 says that the Governors, Directors and others “shall be immune from legal proceedings with respect to acts performed by them in their official capacity and shall enjoy inviolability in respect of their official papers and documents.” Bankers and their servants are now officially free from all responsibility, no matter how badly they behave, whether they do it purposely or not.

Now that four of the biggest countries in Europe have accepted the bankers’ requests, the wave of so-called financial bailouts and rescue packages now will begin to spread over to Italy. Before the negotiations were completed last week, Mario Draghi, the former head of the Italian Central Bank had been named as the replacement for Jean-Claude Trichet at the European Central Bank. Before getting to the ECB, Draghi was the Vice Chairman and Managing Director of Goldman Sachs International, which definitely facilitated the adoption of the bankers’ measures in Italy.

Back in 2011, Draghi confessed to the Financial Times that the goal of the ECB was to facilitate funding to the banks and that it would the banks who would decide what to do with those funds. He also said that he had no idea what the banks would do with the money. When asked about the destination of the money, Draghi said: “we don’t know exactly, but the important thing was to relax the funding pressures.” So, governments got their citizens in deeper debt without holding the bankers accountable for the use of that money. It was all about bringing about relief to the bankers who seemed not to have enough cash bonuses in their bank accounts.

Previously, when governments actually received bailouts from the European central bankers, they did have to “invest” the funds in whatever the lenders decided what was useful. They were not only told how to spend the money, but also to impose austerity in order to impose punishments to the lower and middle classes. The countries, differently from the bankers, had to commit to paying exorbitant interests rates, while the banks got their money at zero or near zero percent. While the bankers reported larger earnings and as a consequence amassing more cash in bonuses, the populations of Greece, Italy, Spain and others had their social fabric destroyed by design. While people got strangled, the bankers that caused the crisis got relaxed.

Before last weeks agreement between the European bankers and the European leaders, Draghi had explained that the ECB wanted to “restore confidence” and that the ECB would do whatever it took to achieve such a goal. What Draghi did not say was where that restoration of confidence would be pointed towards. It was directed to the bankers, as we now know, and that confidence was based on the fact that the banks, as the ESM says, will not be held accountable and will be completely immune against any and all courts. The bankers have now legalized whatever they want to do in the present and in the future. They are now confident again. Draghi also said the countries needed to have “comprehensive structural reform and accept fiscal discipline”. Those two goals have been achieved and together with them the bankers’ ability to impose a process of fiscal consolidation, which is not completely in their hands.

The banker acquisition of Italy, though, could not be complete without another significant partner: Mr. Mario Monti. The arrival of Monti to the highest office in Italy was done as smoothly as possible for someone who was not even elected. Monti was the trojan horse the European bankers had prepared to take Italy over. Mario Monti became Italian Prime Minister after Silvio Berlusconi resigned under popular pressure. Where did Monti come from? Before he became the Italian Prime Minister, he was a senior advisor to Goldman Sachs and a leader in the Bilderberg Group and the Trilateral Commission. Is there a need to say anything else about his arrival to Italy’s supreme office? There should is.

The Trilateral Commission was created by David Rockefeller and Zbigniew Brzezinski back in 1973. The organization was created supposedly to organize the creation of policy between the powerful nations to impose a global system of control that would be brought about to “heal economic inequality”. The banks had in their mind plans to end the so-called inequality and create a new system of equality, and they have been very successful. They have managed to turn most people in the world equally poor. The creation of groups like Bilderberg and the Trilateral Commission achieved what previous globalist organizations had failed to do: create and enforce globalist policies while destroying sovereignty without being stopped by national legal systems. That also allowed them to remain hidden in the shadows, while their frontmen — presidents and prime ministers — did they work for them.

The continuation of the technocratic system of control has now entered a new level with the legitimization of the European Stability Mechanism. Whatever the Trilateral Commission and the Bilderberg Group achieved from the shadows will now be multiplied by a legalized financial control system to which all of Europe has bowed to by accepting the banker run ESM. The bankers and their frontmen aren’t apologetic neither apologetic nor secretive about what they’re doing anymore. Perhaps the most revealing proof of this is David Rockefeller’s statement that he was proud to be part of  the cabal in charge of conspiring to impose a global political and economic government. “If that’s the charge, I stand guilty, and I am proud of it,” he once said.

The work that began with David Rockefeller, Zbigniew Brzezinski and others is now being continued by men like Mario Draghi, Christine Lagarde, and Jose Manuel Barroso. The arrival of the “rule of the banks” was announced by Draghi, who said the time was ripe to end the traditional social contract. “There is no escape from tough austerity measures,” he added. Mario Draghi said only austerity combined with structural change would change the economic outlook for the best.  In an interview with the WSJ, Draghi said that the changes agreed upon by the bankers and the European governments  had resulted in what he called positive change, but that this change was only the beginning. “We have a fiscal compact where the European governments are starting to release national sovereignty for the common intent of being together.” He later said that in the eyes of the bankers there was no alternative to fiscal consolidation.

During the same interview, Draghi appointed what he believed were two important changes the bankers needed to achieve. The first is product and service market reform. The second is labor market reform. In layman’s terms, this means the globalists want more easily accessible working markets which will be supported by the legalization of illegal immigration to ensure plenty of cheap labor — as it happens in Asia — and the ability to flood markets all around the world with those very same cheaply made products. This is the model that has been tested in China and other Asian nations for decades and will now be imposed on European countries.

The bankers have not only gotten a blank cheque to create money out of thin air and deposit it in ghost bank accounts, which has been going on for decades, but also obtained an unlimited permit to manage the world’s economic and financial systems under which they are completely immune to any unaccountability. Under this new scheme, they will continue to impose austerity as a condition to bring “relief” to indebted nations, that in turn will become more and more in debt until collapsing the way Greece did. The make-believe economy now moves on to Italy, Portugal, France and Germany before coming to North America. Expect an accelerating race to the Second Great Depression in the next two and a half to three years.