Europe Stands at What May Be Its Final Crossroads
NEW YORK (TheStreet) -- Nearly two and a half years ago, I first began warning readers of the "economic terrorism" that Wall Street had unleashed upon Europe via the fraudulent manipulation of credit default swaps and equally fraudulent "ratings cuts" from their accomplices, the ratings agencies.
At a time when only Greece had begun to experience financial turmoil, I wrote:
... It will be even more interesting to see what happens next. If the CDS [credit default swap] spreads now begin to "mysteriously" widen for Spain, Portugal, and perhaps other EU members, this will signal that these financial psychopaths are going to continue to simply nuke one vulnerable economy after another.
In fact, this is precisely what we have seen transpire. As this made-in-Wall-Street financial meltdown intensified, roughly one year ago I wrote a four-part series ("Economic Rape of Europe Nearly Complete") of what had already taken place, and then detailed what was to come.In Part II of that series, noting how the banking cabal was lusting for the remaining gold reserves of Europe's debtor governments, I predicted that part of this "rape" of Europe would be to use these fraudulent bond debts as a pretext for confiscating nations' gold. One week ago, the U.K.'s The Telegraph published the article "Europe's debtors must pawn their gold For Eurobond redemption," where it wrote: ... Southern Europe's debtor states must pledge their gold reserves and national treasure as collateral under a ¿2.3 trillion stabilisation plan gaining momentum in Germany. In Part III, I wrote: ... The Oligarchs thus have one more necessary step to irrevocably cement this campaign of economic slavery: the full, economic integration of all Euro-zone economies. Six months ago, German Chancellor Angela Merkel began her push for precisely that: a European "fiscal union." Again, suddenly, in the last two weeks Merkel has resumed preaching that message, now on a daily basis. But now that sermon has become even more ominous: Merkel wants a full "political union" -- with the fiscal union merely being Stage One. In Part IV, I wrote that there was one more fiendish element in this plot to economically enslave all of the peoples of Europe: the dreaded "Euro bond." To understand the truly evil potential of this debt instrument requires readers to back up and recall how Europe's debtors are presently being bankrupted. Through the fraudulent manipulation of credit default swaps, Wall Street bankers can drive the interest rates on the bonds of any particular nation to literally any fantasy number they desire. The Wall Street bankers consider this a cumbersome process, however. The problem is that they have to manipulate (and eventually bankrupt) these economies one by one. Wouldn't it be wonderful, mused the bankers, if they only had to manipulate one bond market in order to rape all of Europe's economies simultaneously? And, thus, "the Euro bond" was born.
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