Germany And France Announce Plans For Single European Government As Solution To Debt

[ktlight]

Merkel and Sarkozy propose euro-zone "government" to tackle debt crisis

Germany and France are calling on all euro-zone members to enshrine a balanced budget in their constitution, as well proposing a collective "government" led by the EU president.

http://www.youtube.com/watch?v=jZQVnRgmz3c&feature=player_embedded

[Möbius]

They are trying to fast track a "United States of Europe" by issuing Euro Bonds. Our old friend George Soros has been sticking his nose in again by scare mungering. Yesterday he stated that if this doesn't go ahead then there will be a great risk of another recession in the euro zone. I didn't think that he cared so much! It is funny that George Soros single handedly caused the "Black Wednesday" crash in the UK in 1992 which started a nasty recession. He made a cool £1 Billion in one day!

The global financial turmoil that we are all witnessing today is due to a few individuals scare mungering the markets to fall so that their "Short Selling" techniques are rolled out on a massive global scale. All you need is one of the three credit rating agencies (S&P, Moodies and Fitch), which I believe are all based in the USA, to be on your "Team" and downgrade the credit rating of a country when you tell them to. For this to work you must "borrow" shares of companies floated on the stock market of that country. You then sell the shares striaght away at the current value (Even though they are not yours to sell!) You then need the share price to plummet in order to make a hansom profit. This is where the credit rating agencies come into play. They downgrade the credit rating of the country in question which casues the value of the shares you have borrowed to plummet. When the borrowed shares are due to be returned you quickly buy some other shares at the lower value and gives those back rather than the original shares you borrowed in the first place (which you sold at the higher price!). This is all 100% legal!!

Don't forget that it was the credit rating agency S&P that rated all of the toxic debts in 2008 as "AAA" so that Goldman Sachs could off load their highly toxic debts to other investors! So I belive the Goldman Sachs along with their buddies at S&P caused the credit crunch and are both using the same technique to this day and nobody I repeat nobody is trying to stop them!

Mobius