The scam that is called EU and the Euro is behind the present crisis

In this to the point, pedagogic and very telling video (by Clarke and Dawe), the whole madness behind the euro and the present crisis in Greece,Spain,Ireland,Portugal,Italy, etc. is explained.

All thanks to our “dear” local and European politicians and banks (private and central banks, ECB) etc.

“Roger, Financial Consultant: They lent all these vast amounts of money to other European economies that can’t possible pay them back.”

“How can broke economies lend money to other broke economies who haven’t got any money because they can’t pay back the money the broke economy lent to the other broke economy and shouldn’t have lent them in the first place because the broke economy cant pay it back”.

I think even a 5 year old can understand this. But not “our” politicians and bankers.

And remember this video was done a year ago. So now the situation (and the figures) is worse by a factor of two.

Thank you for ruining the common people in all our countries!

And this is on top of their efforts to drive us back to the Stone Age through the Global Warming Hysteria.

(See for example my post: Portugal – The perfect example of how the ”Green” economy destroys a country and sends it into the Abyss)

So this is a double whammy courtesy of “our” elected “representatives”.

Clarke and Dawe – European Debt Crisis

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9 svar to “The scam that is called EU and the Euro is behind the present crisis”

  1. sophiaalbertina Says:

    As an update, I thought I give you an inkling how really bad the crisis is. And remember these are the official figures which we know are nor true.

    Greece’s stated debt is €329 billion, GDP is € 230 Billion, and the federal budget deficit is € 3.8 Billion before interest expense and €16.4 billion after interest expense.

    Of this debt, approximately €95 billion of Greek government debt are maturing between now and the end of 2013 along with an additional €58 billion maturing in 2014.

    Greece has failed to meet its initial deficit target of 8.1% of GDP for 2010 as agreed to under the joint IMF-EU bailout terms in May 2010. Meanwhile, Greek debt (currently the highest in the EU at 127%) is projected to reach 160% of GDP in 2011.
    Recently Austria withheld funds due to Greece after claiming the country has failed to meet its spoken commitments for the EU bailout package.

    Standard & Poor’s Ratings Services just lowered Greece long-term sovereign credit ratings on Greece to ‘CCC‘ from ‘B’. The short-term rating was affirmed at ‘C‘.

    This downgrade knocks Greece down to the lowest-rated sovereign country in the S&P coverage, below Ukraine, Pakistan, Bolivia. Jamaica etc.

    And here are the countries which banks are most exposed:

    Spanish banks hold $600 million in Greek debt.
    (The broke are lending to the really broke – a niche business model wouldn’t you say)

    U.S. banks hold $1.8 billion in Greek debt.

    Italian banks hold $2.6 billion in Greek debt.

    UK banks hold $3.2 billion in Greek debt.

    French banks hold $19.8 billion in Greek debt.

    German banks hold $26.3 billion in Greek debt.

    Other Eurozone countries hold $15.7 billion in Greek debt.

  2. Carl Svensson in Sweden Says:

    Thank you for connecting the economic EU crises with the the global warming scandal. Ordinary people are totally missled by the politicians. And made poorer by the day !

    One question only.

    Were have all the missing money gone?

    They are real money when I pay my taxes and VAT, and emission taxes which lower my income.instantly

    Keep up the good work with this fantastic blogg! Please !

  3. Carl Svensson in Sweden Says:

    And after this scary resumé of the biggest scandal of all times, the economic world crises and the global warming bluff, where has all the real money gone, after I paid all the extremely high taxes on my income, my VAT and the lower living standard as a result? Where are all the resources, the money, the gold or what seems to have disappeared. Where is it all? Gone up in smoke? I don’t believe it. It must be hidden somewhere? Or the world has been living above their means? Generally?

    I think that you have an answer also to this as it’s never discussed in the old media.

    Thanks again for you eye openers.

  4. EU – an unaccountable mess created by an undemocratic treaty – Now also a crony Bankocracy « UD/RK Samhälls Debatt Says:

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  5. EU a stupid empire on purpose « UD/RK Samhälls Debatt Says:

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  6. Eugenio Says:

    Sweet blog! I found it while surfing around on Yahoo News.
    Do you have any suggestions on how to get listed in Yahoo News?

    I’ve been trying for a while but I never seem to get there! Appreciate it

  7. The active lying and deceit behind the creation of EU – The British story « UD/RK Samhälls Debatt Says:

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