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Secret Clause Reveals Europe Bailout Designed To Destroy
Global Economy
Consolidation of power into fewer hands the
real goal
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A secret exit clause written into the trillion dollar European
bailout agreement will ensure the creation of more debt in Europe,
worsening the global economy, decimating nation states and allowing
power to be consolidated into fewer super-elite hands.
As the Financial
Times reports today, the major German newspaper
Bild says it has obtained a copy of the bailout agreement and
has set about "exposing" a series of secret clauses.
The most revealing of these clauses states that if any country
finds it cannot raise funding for the bailout at interest rates
below the 5pc charge agreed for Greece, it can opt out of the
bail-out altogether, leaving the rest of the eurozone states
to pay the difference.
If this happened, a domino effect could ensue, as the London
Telegraph's Ambrose Evans Pritchard explains:
BNP Paribas said this would escalate quickly into a systemic
crisis if Spain were in such a position, because the other
countries cannot carry an ever-rising burden. The bank warned
the euro project itself may start to disintegrate rapidly
if these rescue provisions are ever seriously put to the test.
As financial analyst Tyler
Durden of Zero Hedge explains, this means bad news
for American taxpayers because the U.S. is essentially being
used as the engine for global consolidation:
The second Portugal, Spain and Italy are dragged under by
the vigilantes, their participation in the $1 trillion bailout
ends. And when that happens, the full cost of the bailout
will be borne by none other than the “richest”
member of the IMF, the United States.
Obviously, the incentive to blow up one’s borrowing
costs in this arrangement are huge, now that both Germany
and the US have no choice but to bail out each and every dropping
domino.
The secret clause essentially creates a huge incentive for
weaker eurozone countries to blow up their debts - the agreement
creates massive moral hazard.
Tyler Durden again:
...the benefit to the first defector is far greater than
any downside, with the last to defect left holding the bag
on what would basically become a bail out of all of Europe.
Many have wondered how arguably intelligent people could come
up with a rescue package of Greece in which Greece itself
is supposed to contribute to its own bailout. Now we know
that this was the ploy all along.
As we have continued
to expose, at the heart of the ongoing centralization
of national economies is a further viral spread
of economic chaos through which the most powerful can consolidate
their control over the globe.
The super-elite are essentially siphoning the wealth of every
sovereign nation they can lay their hands on, holding the people
of those nations to ransom via their elected governments, while
slowly draining and using up everything they have.
Exposure and understanding of this agenda and what it means
for the masses is key because at the moment the people continue
to allow their governments to operate in this system under an
illusion that they are working toward some kind of utopian harmonization,
when the reality is quite the opposite.
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