World Economic Forum calls for Sustainability on everything but out of control Spending


It seems that sustainability is a concept that is not applicable to money and debt. As the World Economic Forum begins in Davos, Switzerland, the first round of speeches has been focused on demanding that the world finances a global ‘greening’ policy which could cost as much as $ 14 trillion. Government and corporate leaders are at it again, scare mongering about global warming — no matter NASA’s own data shows little or no warming for the past 20 years.

Speakers at Davos are delivering what has been called by The Independent as a stark warning about long-term sustainable growth, which for some reason includes every single human activity but out of control debt creation. According to participants, the world must spend itself into oblivion to finance their dreamed global environmental agency which will dictate what can be done based on supposed environmental standards.

One of the most outspoken participants yesterday, was former Mexican president Felipe Calderon, who echoed calls for saving us all from the ‘devastating effects’ of global warming. Globalists behind people like Calderon, intend to dramatically change the way the world functions by downsizing all human activity related to industry, forestry, water and power management, food production and others.

The move to de-industrialize the planet, began at the core of the United Nations, where technocrats often call for a one world government that needs to be recognized by all nation-states. That world power would be formed by entities like the global environmental agency, the newly created European financial entity ruled according to the European Stability Mechanism — the mechanism to control all financial transactions — and organizations adhered to the World Health Organization and the World Trade Organization. The new so-called environmental policy is rooted on the United Nation’s Agenda 21, which ultimately intends to cram people into prison cities under complete surveillance and according to new lower living standards.

In 2012, the Davos conference formed the Green Growth Action Alliance, which is the organization in charge of coordination environmental policy as it relate to development. According to the former Mexican president, the influx of cash would truthfully aid the global effort to curb the challenges presented by climate change. Initially, the environmental fund would receive an injection of $700 billion a year up until 2030 and the money would allegedly be used to pay for the costs of ‘saving us’ all from global warming.

Mr. Calderon did not detail the specifics of the spending.As the leader of the Alliance, Calderon clearly address the U.S. by making use of hurricane Sandy to rally support for his plan. He used the term ‘pre-empt’ to refer to securing financial support for unknown natural disasters that according to him are just around the corner. Mr. Calderon did not explain how he came up with the total cost of financing any efforts to prepare and mitigate natural disasters such as Sandy.According to a report produced by Accenture Consultancy, which was used as a kind of measuring stick to determine the impact of the damage caused by a natural disaster, the cost of dealing with the consequences of hurricane Sandy were of $50 billion.

Felipe Calderon, who ended his tenure as Mexican president back in November, could not take care of his own country for the six years he held the presidency, but someone his handlers believe he can be the poster boy for an even more complicated matter such as the supposed dire consequences posed by global warming. “It is clear that we are facing a climate crisis with potentially devastating impacts on the global economy,” said Calderon while speaking at Davos.

“Greening global economic growth is the only way to satisfy the needs of today’s population and up to 9 billion people by 2050, driving development and well-being while reducing greenhouse gas emissions and increasing natural resource productivity.”

Calderon did not speak about the grave environmental problems caused by international corporation that pollute the planet with their open air experiments using chemtrails and genetically modified organisms. These topics don’t seem to be in the agenda of the issues that must be dealt with at Davos, it seems. The reason for this is that the World Economic Forum, just as the World Social Forum as nothing else than controlled opposition used by the large corporations to swindle society into believing that they have a voice on the issues.

Calderon also recited the same speech other fellow globalists often use to drive attention to the fake environmental agenda: “Economic growth and sustainability are inter-dependent, you cannot have one without the other, and greening investment is the pre-requisite to realizing both goals”. What this really means is that if globalists have their way, everything created, distributed and consumed will have to meet irrational levels of environmental standards that will make it impossible to actually have an economy.

Calderon’s Alliance is backed-up by entities such as the World Bank, Deutsche Bank and the European Bank for Reconstruction and Development. Its plan includes a proposal to demand that taxpayer money to guarantee, insure and / or incentivize the application of low-carbon emission schemes which in itself will cause the acceleration of the de-industrialization of the global economy by eliminating current sources of energy such as coal plants and fossil fuels without having a real alternative to substitute them.

What Calderon and the rest of the globalist cabal are asking countries to do is to finance their mechanisms of control while abandoning projects at home that could potentially improve standards of living on a country by country basis or on programs that could truly help people mitigate the impact of serious challenges and crises manufactured by the large corporations that control the planet, such as famine and war.

Members of the Alliance want to convince attendees to support their plan to use $5 trillion a year that is used in the production of traditional energy technology to supposedly build greener alternatives. Mr. Calderon is probably not aware of Spain’s failure to enact any kind of structure to drive a green economy. The country invested heavily in so-called alternative energy sources, using billions of dollars of taxpayer money to allegedly finance projects in conjunction with private corporations that in the end, just as it happened in the United States under Barack Obama, walked away with the cash without producing one single real alternative source of energy.

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IMF presses Euro countries to hand over Sovereignty


The International Monetary Fund (IMF) has urged countries that are under pressure from markets and high financing costs, including Spain, to seek the help of the European bailout funds to enable the debt purchase program created by the European Central Bank (ECB) to be initiated.

“Countries should implement plans to adjust and, if necessary, seek appropriate support from the EFSF / ESM. This would allow the ECB to intervene using the recently established program,” said an IMF document prepared for the meeting of Finance ministers and central bank governors of the G20 for the past 4 and 5 November.

In this regard, the organization stresses that although the ECB’s decision has removed some of the main risks for the eurozone, political and economic factors can cause these countries to not seek help from European partners and the ECB at the right time.

The institution led by Christine Lagarde said that although progress has been made, the resolution of the eurozone crisis will require “timely and decisive” policy implementation.

The IMF warns that access to finance at a reasonable cost is “essential to enable successful economies to adjust. While the economies of the periphery must continue to adjust their fiscal balances at a rate that they can afford in the current fragile environment, they should also adopt the right policies.” The document warned that changes that do not include a so-called rescue may not be sufficient to fully recover the confidence of the markets, especially risk implementation.

So, the supposed solution provided by the bankers is not only not effective, but also a double whammy. On top of keeping countries in debt, the bankers also want to deepen the crisis by issuing more debt so that more risk can be created and nothing will ever change. That is why the banks want to take complete control, micromanaging every single country’s fiscal and monetary policies, so that they can risk as much as they want with other people’s money without having to be accountable to anyone.

The IMF disingenuously stresses that measures adopted because of the crisis should be accompanied by a roadmap towards creating a banking union and greater fiscal integration to strengthen the monetary union. That is exactly the mechanism that would, once and for all, given them the complete control of all financial decisions in Europe. They also intend to export this to the rest of the world once the EU nations are fully absorbed.

In the opinion of the IMF, the union should be based on a unique mechanism of supervision — controlled by the banks who created the crisis –, a resolution mechanism at the level of the Euro zone, with support from all members and a scheme where all countries pitch in to have a deposit guarantee scheme for the entire currency union. That money will also be spent at the banker’s discretion and countries or banking institutions will be ‘rescued’ only if they agree to all terms in the contracts.

The IMF also stresses that continued implementation of financial, fiscal and structural reforms is “essential”, while acknowledging that several years will pass before all policies are fully implemented. This means that bankers, at least for now, do not intend to collapse the European financial system at once, as long as they can continue to postpone it by creating more debt and adding sovereign nations to their portfolio of debt slaves.

The bankers have smartly warned about using austerity as a way to curb out of control spending, and instead advocate for perpetual indebtedness. That is because this is the most efficient mechanism for them to get to control nations directly from the inside. The truth is however, that the IMF is one of the main pushers of austerity as a first step in the acquisition of indebted nations. Once government bureaucrats are no longer able to cut anything else, the bankers pose as saviors by lending fake money so the countries can begin another cycle of debt-based ‘development’.

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Spain admits the need for a Rescue of 300 billion


The Spanish Minister of Economy and Competitiveness, Luis de Guindos announced last week to its German counterpart that Spain will most likely need an extra 300 billion Euros in what will constitute the most feared but long time coming financial rescue of the Spanish economy. Mr. Guindos explained that the new bailout will be added to the 100 billion approved for the banks just a few weeks ago, when Spanish Prime Minister, Mariano Rajoy denied that Spain would need any further aid in order to keep its economy above water. At that time, Rajoy also denied that Spain was in a critical situation and that the country had one of the strongest economies of the euro region.

Even after Mr. Guindos announced that he had held talks with his German counterpart, Mariano Rajoy denied that Spain had even mentioned such a thing during the talks. Apparently, Germany’s Wolfgang Schaeuble said that his country would not consider a financial rescue until the European Stability Mechanism wasn’t fully in place. Spain’s request for rescue comes at a time when the country is finding it too difficult to keep up with its funding costs, which become increasingly unsustainable.

The Minister of Economy and Competitiveness discussed this possibility in his meeting in Berlin with his German counterpart, Wolfgang Schaeuble, last Tuesday, when the interest of ten-year Spanish bond exceeded 7.6%. According to the source, if this money is needed, it is because it is necessary to strengthen the Spanish economy as a whole while the banking sector is also made more solvent, say Spanish government officials.

“Guindos spoke about 300,000 million in aid, but Germany was not comfortable with the idea of ​​a bailout now,” said a Spanish source. “Once you see what are the operating costs of borrowing for Spain, perhaps we will return to this issue,” he added. Asked about this information, a Spanish government spokesman denied “categorically” any such plan. “The possibility of a rescue of 300,000 million euros for Spain has not been provided and has not been discussed,” he added.

Meanwhile, a second official source of the euro zone, said that Spain could avoid the rescue, but added that there have been miscommunications that have worried investors. “In pure arithmetic terms, if interest rates are consistent with what I consider a sustainable situation we won’t need it,” he said when asked if Spain needs the full rescue.

Commission approves 18 billion in aid for four Greek banks

The European Commission approved on Friday approved a temporary assistance of 18 billion euros to recapitalize four Greek banks. They are Alpha Bank, EFG Eurobank, Piraeus Bank and National Bank. The four banks in question account for about three quarters of the Greek banking sector and the news rescue is given  in order to ensure financial stability, said the official communique.

In parallel, the EU executive has opened a detailed investigation on this injection of capital to determine whether it conforms to EU rules on aid banks. “The participation of these banks in the exchange of Greek government bonds (which imposed substantial losses) and the deep recession has weakened their capital.

The recapitalization fund bridge across the Hellenic financial stability ensures the stability of the Greek banking system” has said Vice President of the Commission responsible for Competition, Joaquin Almunia in a statement.

The four banks now play an important role in financing the real economy, as highlighted by Brussels. “The opening of a thorough investigation is common for large amounts of public support through atypical instruments” and “we do not prejudge the outcome of the investigation,” said the Commission.
In addition, the EU executive has authorized a temporary aid of 1,700 million euros for the liquidation of Proton Bank and its transformation into a new entity, Nea Proton Bank. Also in this case, the EU has opened a detailed investigation on doubts about the viability of the bank’s long-term existence without subsidies and whether this is the least costly way to address its problems.