Tuesday, April 3, 2012

Euro-Greek Ponzi Scheme Update

Breaking News: Euro-Greek Ponzi Scheme Update

Awakening Americans: Behind the scenes intelligence briefings ALL patriotAmericans MUST know...the REAL facts and truth the corporate-controlled fascist, extortion-friendly U. S. media covers up

EXPLOSIVE Back Breaking News
Euro-Greek Ponzi Scheme Update
by Tom HeneghanInternational Intelligence Expert
Monday April 2, 2012
Demonstrators stand outside the Greek parliament in Athens during clashes between protesters and riot police on February 12, 2012. Greek police fired tear
 gas at petrol bomb-throwing protesters outside parliament, where tens of thousands had massed in a rally against austerity plans being debated by lawmakers. Police said some 80,000 protesters had gathered outside the building where debate on the plan imposed by the country's international creditors -- the EU, the IMF and the European Central Bank -- was ongoing before a late-night vote.
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UNITED STATES of America - 

The Slog

EUROZONE DEBT: TWO MORE UXBs YOU WON'T FIND IN THE UK & US MSM.

Greece has no money to pay international law creditors, and the Bundesbank is owed 550 billion euros by debtor banks


From Germany's Deutsche Mittelstands Nachrichten this morning came the news that investors with Greek government bonds issued under international law continue their refusal to take a cut in debt.
The Slog has already posted about the Venizelos Mob raiding University and Hospital bank accounts to pay off the English Law creditors with contracts that were watertight on the 'money now please' thing. Generalised international law is different, but only slightly so: Greece wants them to sacrifice most of their demands, but the remaining investors are rejecting any form debt restructuring.
This impasse was announced by the Greek debt agency yesterday (a Sunday – fancy that) and it seems the amount at stake totals three billion euros. In the past week, the Greek government has tried to agree a rescheduling of the first 539mn euros, but the negotiations failed, following which Athens made it clear that it had no further funds available with which to repay the debt.
This isn't default, it's insolvency. In the commercial sphere, Greece would now be subject to a simple winding up order and refused the right to trade further. But even in the rarified alternative universe of sovereign debt, payment default on the bonds under international law will trigger the usual massively leveraged obligations and derivatives.(Needless to say, it's the Hedgies that are remaining immovable – as I predicted some weeks ago).
But Germany itself is also in a difficult place on the banking front. I've post extensively (and intensively) on the subject of Target 2 at the ECB being used to dump debt onto creditor banks, and the Central Bank, in the eurozone. Now we have some clear accountancy via a website of which I've been hitherto unaware, but to which I shall be returning – called Sober Look. Apt name to have in the current climate.
Sober Look confirms that the German Bundesbank is replete with unwanted assets – bank accounting being such as to pretend that radioactive isotopes are things that your kids could happily play with. As a result of Draghi's LTRO scam, the junk resting within the remit of Jens Weidmann was a cool 50 billion euros higher in February 2012 versus January. At the start of 2009, 50 billion euros was the total owed to the Bundesbank by other eurobanks.
No wonder Jens decided last week that enough was enough. No wonder Jean-Claude Trichet is very happy to be reitred and forgotten.
Very big thank yous to Sloggers Stevie and Viking Jack for alerting The Slog to this.

http://hat4uk.wordpress.com/2012/04/02/eurozone-debt-two-more-uxbs-you-wont-find-in-the-uk-us-msm/
International Intelligence Expert, Tom Heneghan, has
 hundred
s of highly credible sources inside American and European In
telligence Agencies and INTERPOL--reporting what is REALLY going on behind the scenes of the corporate-controlled mainstream media cover up propaganda of on-going massive deceptions and illusions.

2 comments:

Anonymous said...

Breaking News: Euro-Greek Ponzi Scheme Update (view more)
B. News: Bundesbank Gives the Eurozone Its Pink Slip (view more)
EXPLOSIVE B. NEWS: Bernanke Crosses the Line of No Return (view more)
E. BREAKING NEWS: JP Morgan-MF Global-Euro Gate Escalates (view more)
B. NEWS: CFTC Obstruction of Justice Exposed - Euro Fraud is JP Morgan Fraud (view more)
[View All Blog Entries] from: http://www.myspace.com/tom_heneghan_intel

Anonymous said...

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