Debt Rattle November 16 2017

 

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  • #37089

    Leonardo da Vinci Salvator Mundi 1513   • Landmark Study Links Tory Austerity To 120,000 Deaths (Ind.) • Jeremy Corbyn Will Inevitably Become UK
    [See the full post at: Debt Rattle November 16 2017]

    #37090
    V. Arnold
    Participant

    Plastics Found In Stomachs Of Deepest Sea Creatures (G.)
    IMO, that is the most important item in this whole thread.
    Think about it…

    #37091

    Think about your own stomach, while you’re at it.

    Coming soon to a (operating) theater near you

    #37092
    Dr. D
    Participant

    See the documentaries on the plactic garbage dump on top of Mt. Everest.

    Geologically it can be identified as the Plastocene era.

    #37093
    anticlimactic
    Participant

    KYLE BASS and bargain Greece

    A recent RT documentary om austerity in Europe made a very important point. The Eurozone countries are in effect trading in a foreign currency. They have absolutely no control, most horribly shown during the Greek referendum when the ECB shut off all funds overnight and bringing Greece to its’ knees.

    A similar event occurred with Ireland when their banks went bust. The Irish government was told by the ECB to assume all their banks’ debts or be thrown out of the Euro overnight. The Irish government went from surplus to deficit and has been struggling to recover ever since.

    This seems to be part of a standard technique – to encourage countries to have debt in a foreign currency. At some point there are ‘problems’, the local currency collapses and suddenly that debt is huge. To repay the debt local resources and assets have to be sold on the cheap.

    I read that governments of new EU states were encouraged to rack up debts in Euros until there were ‘problems’ and the local currencies were hit and hey, debt slaves! The same is done with emerging countries using dollars.

    Kyle Bass’s ‘investment’ in Greece is just saying that people will buy when they think the market is at rock bottom.

    #37094
    anticlimactic
    Participant

    By coincidence, an article describing how to control a country through debt :

    https://sputniknews.com/analysis/201711161059158765-economic-hitman-interview-us/

    #37095
    Nassim
    Participant

    “No Evidence Of Russian Interference In Brexit, PM May Admits In Parliament (RT) ”

    It is a pity that no one is interested in investigating Israeli meddling in British politics.

    How the Israel Lobby Works in Britain

    Wealthy Jews have, since well before the First World War, been buying off British politicians. It is all well-documented. There is nothing new about it.

    For example, Randolph Churchill (the politician and father of Winston Churchill) died with the equivalent in today’s money of £9m in debt to Jewish bankers. He was supposed to become prime minister and that is why they invested so much in him. It turned out to be a bad investment as he caught syphilis on a trip to Parisian brothels.

    We don’t know how much Winston Churchill owed them, but it was a lot. His lifestyle and earnings simply don’t match one another. More recently, Tony Blair suddenly became a wealthy man. Surprise surprise. He was the one who got the British parliament to approve the invasion of Iraq – a country that was of no threat to the UK but a potential threat to Israel.

    Balfour, the prime minister who signed the infamous “Balfour Declaration” was in the pay of Jewish bankers. A few days ago, the 100th anniversary of this declaration where the British more or less gave away an occupied country to a bunch of Europeans was celebrated at the Albert Hall.

    Royal Albert Hall to host final event of Balfour Declaration centenary celebrations

    Some things never change.

    #37096
    Nassim
    Participant

    “This seems to be part of a standard technique – to encourage countries to have debt in a foreign currency”

    anticlimactic,

    Yes it is a standard technique that has been functioning for centuries. The modern version is described in this book.

    Traders, Guns and Money: Knowns and unknowns in the dazzling world of derivatives

    It was used to grab the Suez Canal from the Egyptians. In fact, the British grabbed the whole country.

    “After binging on debt driven modernization projects, Egypt went bankrupt in 1875. As the terms of the bankruptcy settlement, European bankers then took control of Egypt financially. Two thirds of the yearly revenue—mostly taxes collected from peasant farmers—would now go to paying European banks for past Egyptian debts (Sayyid-Marsot 653). The British and French controlled all Egyptian finances, railways, ports, post offices, and even the museums. Some Egyptians resented the European control of their economy and the extortion interest rates of the loans. ”

    The Suez Canal and the British Conquest of Egypt

    #37097
    V. Arnold
    Participant

    Raúl Ilargi Meijer
    Frankly, I hadn’t thought about that.
    Upon consideration; normally I only eat meat (chicken, sometimes pork) 1 or 2 days in a week, and fish less.
    Hopefully that avoids ingesting plastic…yuck!

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