CONFIRMED, Greece is cooked!

Originally posted by DEEZNUTZ
Well our Federal Gov't posted surpluses for over a decade and several provinces ran surpluses until the Financial Fiasco. We don't have near the debt problems that you have that's why our dollar is trading at near parity and will likely surpass it. That's good and bad on several fronts.

that clip wouldn't load ???

[edit on 11-4-2010 by DEEZNUTZ]

You really need to listen to that clip. Go to kingworldnews.com

On the front page click on the Harvey & Lenny Organ & Adrian Douglas interview. The site has come under attack for the interviews it is relaeasing. The guys in the interview went to check the gold and silver that was supposed to be in Canada's bank. Guess what? Theres quite a lot missing.




peace

Originally posted by DEEZNUTZ

that clip wouldn't load ???

[edit on 11-4-2010 by DEEZNUTZ]

Hi,

I found an article that explains the little problem:

April 8, 2010

Is Canada's Only Bullion Bank Gold Vault Nearly Empty?

In our last article we detailed how a silver short squeeze could be imminent, due to Andrew Maguire exposing how JP Morgan was able to manipulate down the price of silver on February 5th through naked short selling paper silver that doesn't physically exist. We also discussed how there could now be as much as 100 to 1 leverage in terms of paper gold/silver that trades in comparison to the physical gold/silver backing it.

There are now reports that Lenny Organ, the son of Harvey Organ (who recently testified at the CFTC gold and silver position limit hearings), was able to enter the vault of ScotiaMocatta (Canada's only bullion bank vault) and see that shockingly, it contained roughly 60,000 ounces of silver and gold that he estimated as being worth approximately $100 million. Considering that the Royal Mint of Canada sold over $1 billion worth of gold in 2008 alone and many purchasers choose the convenience of vault storage and a paper certificate over physical delivery, the amount of gold stored in the vault appeared by Lenny to be exceptionally low.

In June of 2007, Morgan Stanley agreed to pay $4.4 million to settle a class-action lawsuit with brokerage clients who bought precious metals and paid storage fees, when in fact it was alleged that Morgan Stanley wasn't physically storing their gold and silver at all. NIA believes we may now have an epidemic of banks selling gold/silver they don't have. If this isn't exposed immediately, it could bring down the world's financial system.

How do we Americans know that the purported U.S. gold reserves of 8,133.5 tonnes still exist in our vaults? The last audit of the U.S. gold reserves was supposed to have taken place in 2005, but according to KPMG LLP, they only audited the mint's fiscal year 2005 financial statements and they never saw any physical gold or even went to Fort Knox. The last real audit of the U.S. gold reserves took place in 1954.

In 1971, the U.S. government defaulted on its gold obligations when it ended the gold standard. If the U.S. couldn't repay the gold it owed to foreigners and was forced to end the gold standard, it's hard for NIA to believe that our gold reserves actually exist. If a publicly traded company is forced to audit its balance sheet annually, it's absurd for the U.S. to have not conducted a true audit of its gold reserves in 56 years.

NIA believes that due to the Federal Reserve's monetary inflation of the past few years, the price of gold should already be well above $2,000 per ounce. We already know that the Federal Reserve's bailout of Bear Stearns was done in part to keep silver prices artificially suppressed. It's not out of the realm of possibility that our country's gold reserves are being secretly sold off in order to suppress gold prices and artificially prop up the U.S. dollar.

In September it was announced that Hong Kong is moving all of its gold reserves from depositories in London to a new facility built under the Hong Kong airport. This was a clear sign that Asian countries no longer trust the western world to manage their gold for them. In our opinion, a COMEX and LBMA default on gold and silver is inevitable as investors around the world wake up and realize that we have a fractional reserve gold and silver system, and begin to demand physical delivery of their precious metals.

source of article : www.inflation.us

reply to post by Quickfix

They are going to wait for help, which they may not get. They are relying on other people, which is not wise to say the least, IMHO.

They are hardcore Socialist.. relying on other people is what they do.

Personally, I have pondered what will become of Greece.. I am still torn 50/50 .. one side says that because they use the Euro, and because they are in the EU .. that they will get a bailout, simply because it could bring the currency down for the entire economic zone.

If the EU doesn't do it, the US will through the IMF .. if the Euro tanks, the Dollar rises.. and all those corporate profits from exports go with it.

The other side says that Greece is of little to no economic importance.. the EU will say good riddance, kick them from the EU, strip them of the Euro, and let them self consume themselves in social disorder all the while consolidating power from the member states in their efforts to create a singular European Nation.

reply to post by ProtoplasmicTraveler


A great post on page one. Why people do not understand WHY the bailouts happened is beyond me.

Here's how it worked or works. The people, being you, me and everyone else, has the power over the government. The Fed CAN NOT print money out of hand, they NEED our permission. How do they get it?

Well, birth certificates, credit and debit cards, mortgages and loans. See, every time YOU sign any contract, YOU are signing for the printing of that dollar amount, IT is YOUR money, not theirs, but you have been duped into thinking that they are loaning you something. What? The banks do not have the money in the vault, as money is an IOU for the gold they took from the people back in 1933 (HJR-192). Are the banks loaning you IOU's? And what can you do with them? Why anyone accepts these federal reserve notes is beyond me, there is NO LAW which says you have to accept them for any reason.

But again, we have been duped.

SO....as all political power is inherent in the people and by using your debit/credit card and making loans and mortgages, the bankers KEEP that "money" and then say that we owe them that amount with interest? How do you think the rich got rich to begin with? They're con artists, they are not smart, they are greedy and criminals.

Now, the warehouse was stacked to the ceiling with this printed money and they had to make room for it. How you ask? Well, they proclaimed that all these corporations, which produce nothing of material value, they manufacture nothing but debt, they must be bailed out because the government and wall street claimed they were failing. How anyone believed that is beyond me. Do you have any proof that they were in dire straights other than someones lie? So they gave them the surplus "money" to empty out the warehouse and make room for the next batch of fiat currency they need to print because WE keep using credit/debit cards and taking out loans we don't need.

There is so much to it yet it is very simple. That is the beauty of it all. We are gullible and stupid, we have our TV shows and our ball sports to watch instead of keeping an eye on the criminals/banksters. Lovely.

I will post this quote one more time here;

The Promissory Note To Pay Our Debts

HJR-192 of June 5, 1933 is the promissory note (the promise of Abraham) the government issued to balance the exchange to credit the people. The Promissory note is on the debit side of the United States Governments ledger, which was a debited from their credit, created by the Executive Order of April 5, 1933 when they took the gold out of circulation. Public Policy is rooted in HJR-192 and is Grace that creates our exemption. This is your temporal saving grace. Under grace, the law falls away to create a more perfect contract. Public Policy removed the people's liability to make all payments by making a contract null if it required the payment to be in substance, because the people didn't have any money to pay with. All that must be done now is to discharge the liability. Pay and discharge are similar words but the principles are as different as Old and New Testaments. The word "pay" is equated with gold and silver, or something of substance like a first-born lamb, which requires tangible work to be invested in it to remove the liability because an execution must occur. The word "Discharge" is equated with paper, or even more basic, simple credits and debits, that exist on paper only, like the slate held by the agents/angels of heaven that get swiped clean. You cannot pay a bill with a bill and you cannot pay a debt with a debt.

What HJR-192 did was, remove the liability of an obligor (someone obligated to pay a debt) by making it against Public Policy to pay debts. All that needs to be done now is discharge the debit with an appropriate credit "dollar for dollar." Debt must be discharged dollar for dollar in the same sense, as sin was discharged on the Cross. The moment a debt exists, it must be written off. The catch is, we can't write off the debt because we are not in possession of the account in deficit; our fiduciary agent is in possession of the account so we must provide him with the tax return (by the return of the original offer) so the fiduciary can discharge the liability through their internal revenue service (the bookkeeper). Most feel that when the money was taken out of society, the people became the slaves, this is not true, the people were freed from every obligation that society could create thus freeing the people from any obligation which they may incur simply because we cannot pay a debt. Ask yourself the question, What are you charging me with? And how do you expect Me to pay? Simply said, there is no money, plain and simple for me to make the payment with and on top of that, if I were to pay, who is paying Me to pay that guy and who's paying that guy and so on... Public Policy is the supercedious bond because it limits our liability to pay. It is the more perfect contract because it operates on grace to pay our debts after we have done all that we can. We go as far as we can to fulfill the obligation (acceptance and tax return) and after we have done all we can, mercy and grace kick in being our exemption to make the payment. Grace creates our exemption in the industrial society so long as we accept the charge.

Read it again and again until you get it. Then go here to find out more;

www.abovetopsecret.com...

We can stop them so easily and so quickly. But will people really do anything to help themselves or save themselves? That would take personal responsibility, do you have it?

When me and my wife were in Greece about 3 years ago the people there were already seething in anger over how the EU had fu(ked them. They couldn't buy anything and seemed to be on the verge of armed resistance even back then!

To the OP who predicted riots in the coming weeks if Greek spirals into hyper inflation I can only agree. The EU got Greece into the mess it is in now due to the Globalistic ploy that TPTB have been jockeying into place for the last couple of decades and now if the EU values its own existence it had better wise up and pull them out of the hole that they put them in to begin with.

I am hoping the very best for the Greek people because I found them to be a truly terrific lot who will go out of their way to help you even when it inconvenieces their own selves. The Greeks do not deserve what these damned Globalists have done to them at all!

reply to post by JohnySeagull


Well you're also not reading what I said. Canada is not the only one with the Gold Reserve issue everybody's stockpiles are questionable even to the point that they're not sure how many gold bars are gold-plated tungsten bars.

I said Canada should peg it's currency to a basket of essential natural resources. Gold being 1 of them.

reply to post by highlyoriginal


If the EU decides not to bail-out Greece the IMF will step in, i am 99.9% sure thats what will happen,just like Latvia, Romania got their emergnecy loans from the IMF. Or it will be a combined effort by the EU, IMF and World Bank.

Latvia, IMF report 2010
www.imf.org...

Romania gets IMF emergency loan , 2009
news.bbc.co.uk...

Originally posted by Vitchilo
Bankers are more dangerous than terrorists, than Iran, than everyone else.

[atsimg]http://files.abovetopsecret.com/images/member/8a607d33d796.jpg[/atsimg]


With the joint EU/IMF backstop [apparently] in place...all Greece needs to do is pull the trigger.

Greece is offered 30bn euros loan
Sunday, 11 April 2010

Leaders of the 16 eurozone nations have agreed to fund up to 30bn euros (£26bn) in emergency loans for debt-hit Greece, if the country wants the cash.

Full Text

Was there ever any doubt ?

USD just fell off a cliff against the Euro...watch the price of Gold in Euros moving forward as the EU burns the currency to the ground.

reply to post by Vitchilo

Thing is the USA have the same problems and NOBODY WILL BE ABLE TO BAIL THEM OUT.

Except the Chinese

It is the world bankers and our Federal Reserve that are bankrupting these countries this is a deliberate act. These banking cartels are trying to bring these countries to their knees.

This is what the banking cartels agenda are; it is to finances the collapse of each country economy, and walk away, why?

Because, this is how the world bankers will be able to introduce a one-world currency a global currency. This will also give the bankers global power, this will lead to a one-world government, and the bankers will be running all the countries.

Talk about corporate criminals the bankers; they are untouchable as we are already seeing now, even in the United States. These greedy power hungry pigs are so arrogant. During a congressional hearing in Congress some months ago some members of Congress asked Ben Bernanke who is currently the chairman of the Federal Reserve System a question. The question was, what happened to the money we given you in the first bailout to the banks, to Lemans Brothers, and Fannie Mae, who got it, how much.

Ben Bernanke said I cannot tell you where all the bailout went and he never answered a single question that was asked of him, Bernanke dodged every question, it was disgraceful.

Yet, Congress did not hold Ben Bernanke accountable to the missing billions. This told me, how corrupt these congressional representatives are, and are in the pockets of the Federal Reserve banks.
This was a sure sign that congress was bought and paid for by our corporate banking cartels. These people are no different from the Mob. We need to find a way to hold these criminals accountable.


[edit on 12-4-2010 by impressme]

reply to post by PuterMan


Any government can print more paper to cover debts. Greece looks like the latest junk bond bailout, but why does that make the Euro strong? When the federal reserve does quantitative easing here in the US the dollar usually falls.
Why then do the European currencies rise when the member nations print paper to cover debts?

Money will eventually fail and then the only thing that will matter is who is left standing after the war for the planets resources is over .Look in front of our eyes right now ,entire nations are failing .

I believe it's only a temporary rally in the EURO. Who's going to have the money to bail out Spain, Portugal, Italy and some of the other faltering EU countries. They're going to need it in about 6-12 months.

They've set a precedent by bailing out Greece and will have to do so for every country in the EU now until all of them are bankrupt trying to keep it all afloat. It's fundamentally flawed. Each country has different cycles and a one currency/monetary system can't be used fairly for all countries at the same time as they are usually in a different fiscal cycle.

This is partly why Greece is in trouble in the first place because the European Central Bank lowered interest rates to help Germany and France and ruined Greece's recovery and put them into another recession. Greece pandering to excessive levels of services is another reason they're in trouble.

The backstop news ignited a wave of short covering...anxious currency traders anticipating the results of tomorrows 1.2 billion Greek debt offering. If successful , the Euro could extend the rally at least until/if Greece is actually forced to feed at the EU/IMF trough.

Interesting: The Euro moved against USD tonight , and Gold moved against both.

Unprecedented dilution has relegated all major currencies to the fiat bonfire , and Gold is sounding the alarm. When we benchmark global currency performance against the only universal numerare.....they're all losing ground.

reply to post by OBE1


What would bring the Dollar down? .. I would expect the Euro to fall on this situation, not just the news but actual economic fundamentals.. though I could understand the power of the IMF.. their currency is a combination of all 4 major currencies.. perhaps burning all 4 down at the same rate, thus the united fall against Gold? Of course, I don't dabble in FX much, to much risk for my blood.

Australian msm are saying this

Europe has revealed an aid package worth 30 billion euros ($43.16 billion) this year alone for debt-ridden Greece in a massive safety net designed to restore confidence in the euro single currency. Finance ministers from the 16 countries that share the under-pressure euro currency yesterday agreed on a three-year financing program at interest rates of around five per cent, which they said represents a slight premium compared to standard International Monetary Fund levels.

Source and further reading

www.news.com.au...

Wally

reply to post by Rockpuck

The news has apparently inspired a ray of hope that the Greek tragedy can be contained...this piqued a bit of anxiety amongst those holding short Euro trades...they rushed for the exit. Should the upcoming debt offerings sour...and the relief fund is ultimately tapped , I think we'll eventually see the Euro come under pressure......again.

This will give the doom and gloom crowd the answers they seek. If they do nothing and let them fail it will say alot about what the overall plan is. And if they do bail them it will be a sure sign they want to hold things together instead of tear them apart. Only time will tell but my bet is they bail them out. And prolong the slow downward spiral rather then let it fall fast.


I believe they are betting on the worlds apathetic attitude if they do it slow many will not notice until it is to late. Especially in America an Britain.






Also it look like the are setting Greeks up just like the set up the Germans after WW1 this could be very interesting if the Greeks actually see the truth. The Germans did and look what happened.

[edit on 12-4-2010 by Subjective Truth]

Originally posted by projectnsearch
They should do like the United States should do just declare bankruptcy and refuse to pay the bankers anymore for their fraudulent debt and then start their own monetary system based on some fraction of sliver where you don't pay the Rothschilds and Rockefellers their cut anymore.

Just as the United States WAS the richest country in the world when we didn't have a crooked private bank in the loop, we will never regain that again until we throw off the shackles established in 1913.

Phillip the Fair of France had the best plan for these guys, too bad he didn't catch all of them before they fled Europe. History doesn't remember him kindly, hardly surprising given it's authors of late, but he's one of the few who had the power to stop them. His only failure IMO was not chasing the rats all the way to Scotland.

By the way, it's not confirmed that Greece is bailed out.

Not all EU leaders agreed to it yet. This could still be doom.

EU leaders haven't yet agreed unanimously to offer Greece a bailout, according to a Wall Street Journal report that offered details about the potential plan. But ministers have made the terms of a potential deal public in an effort to reassure world financial markets, which have been unnerved by Greece's debt woes for months.

Oops... ALL LEADERS WILL HAVE TO AGREE TO IT, probably even PASS LAWS IN THEIR OWN COUNTRIES to allow it...

Also

"This decision today was no decision on aid for Greece," Finance Minstry spokesman Michael Offer told Dow Jones Newswires. "But it was only about technical preconditions for aid by further specifying the decision of the heads of state and governments. We expect, we hope that Greece is now in a situation where it can continue to refinance itself on the capital markets, as previously."

THE DECISION MADE TODAY WAS NO DECISION ON AID FOR GREECE.

Doom still on!

[edit on 12-4-2010 by Vitchilo]