T.H.E.M.
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T.H.E.M.
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Greece(& by extension the European Union) Is Headed For Collapse
GREETINGS,
….” As the Book says to the white race: “As Thou hast done, so shall it be done unto thee.”
The white man must return to Europe and concentrate on that continent for his future — or else concentrate on his death instead of his life — for they can no longer rule the Black man. “–pg.186(TFOA)
SOURCE:RT
The Greece’s incredible debt has in fact been accumulated in the banks around the world and forced on to the balance sheet of Greece, says financial analyst Max Keiser, referring to the situation as “financial holocaust”.
“The debt in Greece does not originate in Greece, it originated in these other countries that have used Greece as a toxic debt dump,” Keiser said. “And now the government of Greece wants the people of Greece to pay for this toxic debt. The Greeks, of course, will be unable to pay the debt and now we are going to see financial holocaust.”
The Greek parliament is due to vote on a new set of cuts and agreement with private debt holders in the coming days.
Max Keiser believes that with the new round of austerity cuts, Greece is “heading to the final solution” and the “IMF will own the railroad tracks and the railroad cars to take Greeks to the final solution.”
Greece’s private debt holders are expected to accept some 70 per cent reduction in the value of their investments if the agreement is reached. But these private investors who are going to take a “haircut” on their debt already have that “fully insured in the creditor default swap market and they are going to make money no matter what,” Keiser says.
“They don’t take any risk,” he explained. “That is why Greece is in this problem to begin with.”
Meanwhile, on Friday Greece’s two biggest unions launched a 48-hour general strike, which was complemented by mass rallies in Athens. The protests turned violent as groups of youths started throwing stones and Molotov cocktails and the police had to use tear gas to disperse the crowd.
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