Global Events Nesara Update May 31/12
THERE IS NO ENTITY ON EARTH THAT CAN BAILOUT EUROPE
Here’s the REAL DEAL NO BS Situation with Europe (Warning What Follows is EXTREMELY BAD).
The media is rife with misrepresentations and analysis of the EU. Here’s the real deal.
The ECB is tapped out.
Having provided over €1 trillion in funding via LTRO 1 and LTRO 2, taking on over €700 billion in PIIGS debt putting its own solvency at risk, it simply cannot launch another LTRO scheme for the following reasons:
Those banks accepting LTRO funding are being punished by the market, thereby indicating that ECB funding is no financially toxic to a firm’s reputation in the market place.
The positive effects of LTRO 2 lasted only one month compared to several months for LTRO 1. Thus, we find that with each additional intervention the benefits are shorter lasting.
The Federal Reserve cannot step in.
I know the blogosphere is rife with claims that the Fed will just print and print and print to save the day. The people writing these claims fail to see that:
The last time the Fed printed (just $600 billion at that) food prices hit all-time records and revolutions erupted around the world.
Back home in the US the Fed came under massive political pressure forcing it to go on damage control mode (Bernanke’s town hall meetings and opening the Fed to Q&A sessions)
This is an election year. The Fed has done all it can to support Obama’s re-election (for good reasons: Obama re-elected Bernanke and the GOP is targeting the Fed as a major issue). If the Fed launched some massive printing campaign, Obama will certainly lose.
The IMF cannot step in because:
It’s ultimately a US-backed entity
The political environment in the US will not tolerate a bailout of the EU (see the negative political reaction to the Fed’s moves to lower Dollar swap costs during November 2011).
This is an election year: how many times has the IMF asked for additional funding and been rejected?
Germany is politically fed up and monetarily tapped out:
Merkel’s political party is getting destroyed in state elections due to her support of the EU. And Merkel is running for re-election in 2013.
Merkel is committing political suicide by continuing to put Germany on the hook for Europe’s problems. Speaking of which…
Germany is already on the hook for over €1 trillion in EU losses… and the ECB has made it so that it can roll the losses from its PIIGS portfolio back onto National Central Banks (AKA the Bundesbank).
Inflation is showing up in Germany and becoming a political issue: see recent union demands (and success) for pay raises.
The German constitution does not permit the creation of Eurobonds.
If Germany permits additional bailouts or funding it will lose its AAA rating, leaving Europe without an AAA rated large economy to fall back on.
China cannot be a savior:
Having pumped its system full of liquidity it now faces inflation at the same time as its economy is slowing. This in turn means…
That China’s Government is starting to lose its already tenuous control of the populace. As a result…
China will be focusing on domestic issues rather than saving Europe (when was the last time the “China to back the EU” story appeared in the media?)
Germany and others have already taken steps to prepare for a break-up of the EU. In Germany’s case:
It’s re-instated its emergency bailout fund providing €480 billion in potential assistance to Germany banks in case of a Crisis.
German banks will be permitted to dump their EU bonds into the emergency fund if need be.
German corporations with operations in Greece have put clauses in their contracts to allow for the acceptance of the Drachma.
The ECB has taken similar actions permitting it to roll back the losses from its PIIGS holdings onto National Central Banks.
Spain is on the verge of a banking collapse. Its efforts to deal with an insolvent banking system by merging crappy banks and shifting losses onto its public balance sheet are proving to be absolute failures due to the fact that:
Total Spanish banking loans are equal to 170% of Spanish GDP.
Troubled loans at Spanish Banks just hit an 18-year high.
Spanish banks need to rollover 20% of their debt this year.
Spanish private sector debt is nearly 300% of Spanish GDP.
In plain terms, having spent two years and hundreds of billions (even TRILLIONS of Euros) dealing with the EU Crisis, the powers that be over there have backed themselves into a corner from which they cannot escape. Let me be blunt:
THERE IS NO ENTITY ON EARTH THAT CAN BAILOUT EUROPE.
It’s game over for that idea. And the idea that one bankrupt nation (even Germany sports a REAL Debt to GDP of over 200% when you include unfunded liabilities) prop up several others is ridiculous.
And all of this is happening at the precise time that Spain is about to implode.
This is the REAL DEAL for Europe. Anyone who has some kind of counter-argument to these points either doesn’t understand the political environment we’ve entered (even Central Banks are fed up with bowing to political pressure from politicians) or is simply hoping that by ignoring these realities they (the realities) will go away.
They won’t. Europe’s banking system as a whole is at risk a la 2008. And it’s nearly four times the size of the US banking system.
So if you’re not already taking steps to prepare for the coming collapse, you need to do so now. The US will not escape from this unscathed. No one will. The global banking system is too interconnected: some estimates put US exposure in the ballpark of several TRILLION Dollars.
I recently published a report showing investors how to prepare for this. It’s called How to Play the Collapse of the European Banking System and it explains exactly how the coming Crisis will unfold as well as which investment (both direct and backdoor) you can make to profit from it.
Part 1 - http://www.roadtoroota.com/public/254.cfm
Part 2 - http://www.roadtoroota.com/public/255.cfm
Part 3 - http://www.roadtoroota.com/public/612.cfm
URGENT NOTICE TO THE PEOPLE OF THE UNITED STATES
The National Economic Security and Reformation Act
ZEROES OUT (Forgives) ALL Credit Card, Auto, Personal, Educational, and Mortgage Loan Debt as a remedy for years of Bank Frauds!
ABOLISHES the IRS! Tax Collections Cease IMMEDIATELY. Creates a Sales Tax Revenue on non-essential new items ONLY to fund legit government operations.
Creates a U.S. Treasury Bank System; Absorbs the Federal Reserve; Issues new precious metals backed currency! Permanently ELIMINATES Inflation!
Restores Constitutional Law; Retrains public servants to uphold Constitutional Law, including law enforcement, the courts and the remaining government agencies!
Requires the immediate RESIGNATIONS of the current administration. Constitutionally acceptable President and Vice President Designates will take office. New elections will be held 120 days from the day of the announcement!
Requires the President Designate to DECLARE PEACE immediately; ENDS all aggressive U.S. military actions. This promotes the above banking changes to take place internationally. Many more beneficial improvements to follow worldwide.
Born as a result of the U.S. Supreme Court's 1993 rulings, NESARA upheld the Farmersï¿½ Union charges that U.S. banks were fraudulently foreclosing on farm mortgages and that the U.S. government was in collusion with these banks.
Drawn up as reformations, NESARA was passed secretly in March, 2000 and signed into law by Bill Clinton in October, 2000.
Strict gag orders were in effect early on, but news of NESARAï¿½S passage began coming from U.S. naval intelligence contacts in June, 2000. Now, thousands of people know about NESARA.
The U.S. Supreme Court Justices need to hear that we Americans support the true NESARA law. Public support will help the Justices streamline the process to get this law announced and implemented WITHOUT DELAY!
NESARA will be the FIRST worldwide economic action to put MORE MONEY in your pockets, bring instant PEACE and restore our God-Given LIBERTIES. ALL nations will soon follow suit!
WHAT YOU CAN DO
Write a 23 cent POSTCARD to the U.S. Supreme Court. Urge the Justices to make NESARA's official announcement immediately. They are waiting to hear from YOU.
Send your postcard to:
U.S. Supreme Court
One First Street
Washington, D.C. 20543
To get FULL DETAILS and Daily NESARA Updates, plus Archived Radio Interviews, go to NESARA.us.
COPY OR PRINT THIS FLYER AND HAND IT OUT TO FAMILY, FRIENDS, EVERYONE! NESARA GOES INTO EFFECT AS SOON AS IT IS PUBLICLY ANNOUNCED. DEMAND THIS NOW. IT IS YOUR RIGHT!
ELEVEN Ways People can Confirm the true NESARA law!
Because many people directly involved with NESARA preparations have signed secrecy agreements which put their careers and lives on the line, they will only confirm NESARA to TRUSTED personal friends.
Here are 11 things people wanting to confirm NESARA for themselves can do to research the FACT of the true NESARA law:
If you (or someone you know) has a close personal relationship with a Bank President, ask the Bank President to privately confirm the fact that U.S. bank officials have been aware of the U.S. Treasury Bank system for over a year and confirm the "Rainbow Project" which is the new U.S. Treasury currency.
If you (or someone you know) has a close personal relationship with someone who works in management at the Federal Reserve Banks, ask this person to confidentially confirm that the new U.S. Treasury Bank system is imminent.
If you (or someone you know) has a close personal relationship with a senior stockbroker or manager of a stockbrokerage office, ask them to confidentially confirm that they have been briefed about the new U.S. Treasury Bank system. (Many months ago, my senior stockbroker friend of 20 years told me they had been briefed on the U.S. Treasury Bank system.)
If you (or someone you know) has a close personal friend who is a Navy Seal, ask them to confidentially confirm the fact of the true NESARA law. About 90% of Navy Seals are aware of the true NESARA law and do assignments to help carry out activities in support of NESARA. Some, but not all, members of Delta Force units and other Special Forces in the U.S. Military also know about the true NESARA law.
If you (or someone you know) has a close personal friend who works for the U.S. Treasury Department in certain departments, such as printing of currency, it is possible to confirm that the new "Rainbow" currency has already been printed and is waiting to be distributed after the true NESARA law announcement.
If you (or someone you know) personally knows a member of the German Parliament who pass laws for Germany, Germany officially "approved" of it's alliance with the true NESARA law some months ago and this was on radio and television news. All major countries have had their national assemblies vote on their "alliance" with the true NESARA law because of the major "international banking law" changes that NESARA initiates.
If you (or someone you know) know someone who lives in Germany and pays attention to the news, they can tell you that NESARA is openly discussed in their media.
If you (or someone you know) has a close personal relationship with the heads of the European Central Bank, the central bank of the Euro Zone, ask them to confidentially confirm their knowledge of the true NESARA law.
If you (or someone you know) has a close personal relationship with members of the British Parliament, ask them to confidentially confirm their knowledge of the true NESARA law. The British Parliament officially "approved" its alliance with the true NESARA law in late 2001.
If you (or someone you know) has a close personal relationship with certain members of the U.S. Congress, "SOME" members are White Knights and have confidentially confirmed to close personal friends that the true NESARA law exists and is due to be announced;
If you (or someone you know) has a close personal relationship with a currency trader, some currency traders have confirmed knowledge of the new U.S. Treasury Bank system and Treasury currency.
VISIT NESARA.us for FULL DETAILS about NESARA...
Let The Truth Be Known!