Soros bets against Euro

[Jan Klimkowski]

Boy oh boy. This Guardian article is a classic example of MSM manipulation and framing the agenda in the interests of Power.

The headline screams:

Germany climbs down over Greece bailout demands

So, is Germany going to stop screwing the Greek people and stealing their tangible assets?

Are the European Central Bank, the IMF and the World Bank going to turn down the juice on the ElectroShock machine, and start showing some consideration for ordinary folk?

Nah!

Angela Merkel has admitted defeat over Germany's plan to force private banks to contribute funds to a new bailout package designed to rescue the Greek economy.

After a meeting with the French president, Nicolas Sarkozy, in Berlin on Thursday, the German chancellor said they had agreed that any contribution from private creditors to the package would have to be voluntary.

(snip)

Earlier this month European Union finance ministers were said to be considering a plan in which private creditors possessing Greek state bonds would be asked to cover €20bn €35bn of the costs .

As Europe's paymaster, Germany had called for Greece's private creditors to swap their bonds for new ones with maturities that are seven years longer, but encountered fierce resistance to those plans from France, the European central bank and European commission. France in particular was adamant that trying to force private creditors into any Greek deal would be dangerous for the markets.

On Thursday the head of the eurozone, Jean-Claude Juncker, said that imposing losses on investors could trigger a European version of the Lehman Brothers bank collapse a so-called "credit event". "It's a really ugly situation. The [German] idea is dangerous. It could provoke the gravest risk, that all three rating agencies declare a credit event and then there are big contagion risks for other countries," he said.

(snip)

at Thursday's press conference at the chancellery, Sarkozy heralded a "major breakthrough" with "our German friends".

As usual, a financial Apocalypse scenario is presented so that private creditors, who behaved entirely recklessly and greedily, lose nothing. Leaving the European taxpayer to bear the entire burden of propping up financial markets for a few more months.

Until Greece defaults.

Followed shortly afterwards by other European countries.

This is institutionalized fraud and looting, rubber stamped by bought and owned politicians.

The rich stealing from the poor.

With Robin Hood declared a terrorist and national security threat.