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Hosea 4:6 My people are destroyed for lack of knowledge…

Destruction of Spain’s Economy Duplicates Greece

Posted by truthpills on 2012/04/07

By Jeff Nielson

April 05, 2012 “Information Clearing House” —More than two years ago I began warning readers of the most heinous acts of fraud ever perpetrated by the Western banking crime syndicate, which I dubbed “economic terrorism”. These swindles involved nothing less than the destruction of entire European economies, solely so that the banksters could profit on approximately $100 trillion in bets they had placed on the debts of these economies.

The mechanics of this economic rape have been explained many times in the past. First of all the bankers duped governments and institutions all over the Western world into placing trillions of dollars (and/or euros) in bets that interest rates were about to soar higher – just before they crashed interest rates to the lowest levels in history. This swindle is known as “interest rate swaps”.

The second (and even more destructive) form of fraud perpetrated against these governments didn’t even require their participation – merely their naïve acquiescence. The bankers began placing huge bets (totaling at least $60 trillion) that these nations would default, and then had the audacity to call these bets “insurance” (credit default swaps). Note that such “insurance” had been banned in the U.S. for more than half a century – based upon anti-gambling statutes.

Here is the question which these banksters would never answer: how does a third party placing bets on whether someone’s home would burn down provide any “insurance” to the owner of the home? The answer of course is that it doesn’t. What it did do, however, was to create a $60 trillion motive for “arson”.

This is precisely what we have we have seen. After the banksters (primarily based in Wall Street) got assorted chumps to take the wrong side of this $60 trillion, unregulated mountain of bets – betting that these Euro governments would not default – they then began to systematically burn-down the economies of Europe one by one.

I have explained this process several times in the past already, so those readers new to this will have to refer to my previous work. In a nutshell, the Wall Street terrorists can manipulate the interest rates of these nations to (literally) any number they choose via the fraudulent manipulation of the credit default swaps market. I warned readers that this made Greek default inevitable, since if interest rates can be manipulated to any level then any nation can be bankrupted on its debt.

This is exactly what took place with the destruction of Greece’s economy. Each time that Greece’s government served the bankers by announcing a new round of “austerity”, the terrorists would immediately drive-up the interest rates on Greece’s debt so much higher that every dollar of budget-cutting was consumed in higher interest payments…plus a little bit more.

The result was that instead of austerity improving the solvency of Greece’s economy, the Wall Street terrorists always ensured that its economy was worse off after each new round of budget cuts – immediately creating even more pressure for even more austerity. It was nothing but a totally masochistic vicious circle. At one point the banksters had manipulated Greek interest rates more than 50 times higher than those of the U.S. – despite the fact that (as I have explained previously) the U.S. economy is even more fundamentally insolvent than that of Greece.

Now the terrorists have targeted Spain.
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