Bankers Want To Keep Greece Mired In Depression

Astounding quote lifts veil on elite’s arrogance
Paul Joseph Watson - Infowars.com - Tuesday, May 29, 2012

An astounding quote buried at the bottom of a CNBC article lifts the lid on the arrogance of the global banking elite and their desire to see Greece remain mired in depression.

The article, entitled Greece to Leave Euro Zone on June 18: Wealth Manager, focuses on Integral Asset Management’s Nick Dewhirst’s contention that Greece will exit the single currency the day after national elections on June 17 if the populist party is victorious.

However, in the very last paragraph of the story we read;

“Kit Juckes, global head of foreign exchange at Societe Generale, told CNBC’s “Worldwide Exchange” (see video above) that the best outcome was “the status quo.” “A Greek economy in depression, austerity that guarantees they’ll stay in depression and living on life support from the rest of Europe is the best,” he said.”

As the representative of Societe Generale, one of Europe’s biggest banks, Juckes is brazenly admitting that the elite would rather see Greece rot and decline into a failed state than allow her to leave the euro and become economically independent once again.

Juckes’ quote also underscores how the austerity measures imposed on Greece by European technocrats are not in the country’s best interests at all and are in fact designed to keep Greece’s economy under the dictatorial control of the banking elite.

As we have previously documented, the biggest fear amongst technocrats is not for the welfare of the Greek people in the event of bank runs and panic engendered by an exit from the euro, but that a post-euro Greek economic recovery would provide a good example for other countries in the eurozone to follow.

In a Financial Times piece written by Arvind Subramanian, a Senior Fellow at the Peter G. Peterson Institute for International Economics, which counts amongst its directors numerous influential Bilderberg members, including former Federal Reserve chairman Paul Volcker, former United States Treasury Secretary Lawrence Summers, and Bilderberg kingpin David Rockefeller, the elite’s true concerns over a ‘Grexit’ are perfectly encapsulated. READ MORE

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20 Signs That Society Is Beaking Down And That America Has Been Overrun By Psychos

Michael Snyder - American Dream

In order for a society to function successfully, people need to be able to trust one another.  Unfortunately, we are rapidly getting to the point where it is very difficult to trust anyone and society is breaking down.

Just think about it.  Do you trust most politicians?  Do you trust most lawyers?  Do you trust most bankers?  Do you trust the police?  As you will read about below, even doctors are going absolutely bonkers these days.  So if the “upper crust” of society cannot even be trusted, then what about everyone else?  Sadly, the truth is that America has been overrun by psychos.  Most people look somewhat “normal” when you meet them, but unfortunately very few people have pure motives these days.  You never know when someone is going to stab you in the back (literally or figuratively).  These days, most people simply do whatever is right in their own eyes, and that makes society a very unpredictable place.  As the economy continues to fall apart in future years, people are going to become even more desperate, and that is going to cause all of this craziness to get even worse.
Almost everywhere you look, there are signs of societal decay.  During an interview last year, trends researcher Gerald Celentemade the following statement….

“Society is breaking down on every level: socially, economically, politically and it’s not just the U.S. It’s worldwide.”

Sadly, he hit the nail right on the head.  There is not a single segment of society that the rot of social decay has not touched.  A lot of people want to put all of the blame on “the politicians” or “the bankers”, but the truth is that many of us are just as corrupt as they are.  Instead of pointing fingers, many of us need to look in the mirror.
You might find some of the examples in the list below to be a bit humorous, but a very serious point is being made here.
America is being fundamentally changed, and not for the better.
The following are 20 signs that society is breaking down and that America has been overrun by psychos….
#1 Cannibalism is alive and well in America apparently.  Down in Miami the other day, police shot a man who was literally eating the face off of another man….

“The guy was, like, tearing him to pieces with his mouth, so I told him, ‘Get off!’” Vega said. “The guy just kept eating the other guy away, like, ripping his skin.”
Vega flagged down a Miami police officer, who he said repeatedly ordered the attacker to get off the victim. The attacker just picked his head up and growled at the officer, Vega said.
As the attack continued, Vega said the officer shot the attacker, who continued chewing the victim’s face. The officer fired again, killing the attacker.

It is being reported that the victim in this crime has lost about 75% of his face.
#2 Down in Florida recently, a crazed doctor spit a mouthful of blood on state troopers during a DUI arrest.  It is quite frightening when even doctors are displaying this kind of psychotic behavior…. READ MORE

Tax Cuts Stimulate Sweden

David Weinberger

Since the beginning of the recession, academics, authoritative international institutions, and most government officials pushed for massive stimulus spending. Sweden bucked the trend, focusing instead on slashing marginal tax rates and peeling government back. How did it fare?
The Spectator reports:

While most countries in Europeborrowed massively, Borg did not. Since becoming Sweden’s finance minister, his mission has been to pare back government. His ‘stimulus’ was a permanent tax cut. To critics, this was fiscal lunacy — the so-called ‘punk tax cutting’ agenda. Borg, on the other hand, thought lunacy meant repeating the economics of the 1970s and expecting a different result.
Three years on, it’s pretty clear who was right. ‘Look atSpain,Portugalor theUK, whose governments were arguing for large temporary stimulus,’ he says. ‘Well, we can see that very little of the stimulus went to the economy. But they are stuck with the debt.’ Tax-cuttingSweden, by contrast, had the fastest growth inEuropelast year, when it also celebrated the abolition of its deficit.

Too bad the U.S. decided against Sweden’s advice. Still, missing one opportunity doesn’t mean we have to miss another: Tax reform is calling.   

Los recortes de impuestos estimulan la economía de Suecia

 

Desde el comienzo de la recesión, el mundo académico, prestigiosas instituciones internacionales y la mayoría de los funcionarios públicos presionaron para que se llevara a cabo un masivo gasto en estímulo económico. Suecia rompió la tendencia, centrándose más bien en reducir los tipos impositivos marginales y haciendo retroceder la expansión del gobierno. ¿Y cómo les fue a los suecos?

La revista británica Spectator cuenta lo que hizo el el ministro de finanzas de Suecia, Anders Borg:

Mientras la mayoría de países en Europa se endeudó masivamente, Borg no lo hizo. Desde que se convirtió en ministro de finanzas de Suecia, la misión [de Borg] ha sido meterle la tijera a las finanzas públicas. Su “estímulo” fue una reducción de impuestos permanente. Para los críticos, eso era una locura fiscal – la denominada agenda de “recorte fiscal punk”. Borg, por otro lado, pensó que locura era repetir la política económica de los años 70 y esperar un resultado diferente…
Tres años después, está bien claro quién tenía razón. “Miren a España, Portugal o el Reino Unido, cuyos gobiernos defendieron grandes paquetes temporales de estímulo”, dice Borg. “Bueno, podemos ver que muy poco de ese estímulo llegó a la economía. Pero se quedaron con la deuda”. La Suecia del recorte de impuestos, por el contrario, tuvo el año pasado el crecimiento más rápido de Europa, cuando también celebró el fin de su déficit.

Es una lástima que Estados Unidos decidiese lo contrario desoyendo el consejo de los suecos. No obstante, perder una oportunidad no significa que tengamos que perder la siguiente. Y esa es acometer una buena reforma fiscal.