According to Webster Griffin Tarpley a master in the worlds’ dynamic:
* The European Bank is more dictatorial than the Federal Reserve Board.
* The breakdown of the euro is the program of Wall Street.
* 1st if countries drop out of the European Union this would cause associated panic runs on the euro.
* 2nd Then countries could decide to drop out of the euro which would result in panic runs of their own.
* This would not be an orderly reform but a chaotic breakdown. Under these conditions can or would come old enemies and grudges which could bring war back to Europe overnight.
* Band-Aid: The U.S. and Canada come up with a trillion dollar bailout, this is ok now but will not hold for the long run.
* The Depression: The first stage was the Airline Deregulation Act coupled with Milton and Tom Friedman, Ludwig von Mises, the Austrian school in the person of Reganomics.
* The second stage was Oct. 2008 with the bankruptcy of London.
* Wall Street which then led the world to panic which led to freezing up of the banks loaning and moving money across to each other because each large bank is afraid that the other will go bankrupt when Greece defaults on its bonds.
This is very similar to the 1929 Great Depression.
* 1929 Stock Market panic which started things moving.
* A year and half later comes the collapse of Europe in 1931, starting with Austria then Hungry, Eastern Europe then Germany. Every bank in Germany shut down.
* September 21, 1931 the really big event happened that is the bankruptcy of the Bank of England. The English defaulted on gold payments on September 21, 1931 which destroyed the only monetary system in the world for the purpose of financing world trade.
* June 1932 the Chicago Illinois banking panic starts, massive bank runs resulting in the banks closing.
* Shortly thereafter in quick succession Nevada, Louisiana, Michigan, etc. banks close.
* By the end of Hoovers term what was left of the New York and Illinois banks closed and by Hoovers last day in office every bank in the United States had shut down.
* When FDR took office every bank in the United States had already shut down.
* No private or privatized entity ever reopened a bank once it was shut down.
Webster Tarpley says we are in the stage of disintegration of the euro. Next would be collapse. The big banks such as Goldman Sachs are destroying Europe by destroying the euro. Their plan is disintegration of the European Central Bank then the disintegration of the pound, once the pound goes all the held dollars will be dumped. Following that you get the disintegration of the dollar, then the Federal Reserve, the IMF, the Bank of International Settlements (BIS) and ultimately nothing is left standing.
You can’t profit from this only stop it.
If we enter an age of austerity that will mean a new fascist era which will be a return to a slave class and the end of the middle class.
* Briton and Germany now as in pre-WWII have become ungovernable. What will we see if and when the banks impose drastic, brutal, killer austerity on the people? This is when the ruling elite start to look around for a Hitler or Mussolini.
Currently the recipe is more debt for Greece and the other countries. Germany has to borrow around 2 hundred billion to pay for bailouts. Add to that more austerity, more austerity for Spain and Portugal. Spain already has 20% unemployment. How’s that for plunging into depression?
The message is bailouts don’t work. Austerity doesn’t work. The only thing that works to stop swirling into world depression is New Deal reforms.
