THE WALL ST PONZI SCHEME CALLED FRACTIONAL RESERVE BANKING...
World Debt is Unpayable, The Only Solution is Monetary Collapse
Like the Fed, the ECB has no credibility left. It is obvious that these two central banks only mission is to save the financial system that owns them. When are people going to smarten up? The ECB and the bankers thought Greece and the Greek people would be a pushover. The bankers thought they would just move in and loot the country. Once the Greeks were educated on the issues they made the proper choices. That is why we spent so much time on radio, TV and in the press there. Now they know the truth and the bankers, the euro and the EU are screwed. The ECB, as a result, is dead meat whether they realize it or not.
World debt is unpayable, especially that of the US, UK and the euro zone. The only solution is collapse. There can be no saving the system. It is only a matter of time and what the catalyst is. It could be Greece.
Bob Chapman is a frequent contributor to Global Research. Global Research Articles by Bob Chapman
COLLAPSE - IT'S COMING!Are You Ready?
KINGSTON, NY, 14 June 2011 - Everything is not all right. And things are going to get worse much worse. The economy is on the threshold of calamity. Wars are spreading like wildfires. The world is on a razor's edge.
Not so, say world leaders and mainstream media experts. Yes, there are problems, but the financiers and politicians are aware of them. Policies are already in place and measures are being taken to correct them.
Whether it's failing economies, intractable old wars or raging new wars, the word from the top always maintains that steady progress is being made and comforts the populace with assurances that the brightest minds and the sharpest generals are in charge and on the case. On all fronts, success is certain and victory is at hand. Only "patience" is required along with more men, more time and more money.
The bankers should be in JAIL
Reserve Bank Scam
Iceland Declares Independence from International BanksBy Bill Wilson
June 21, 2011 "Netright" -- – Iceland is free. And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers.
On April 9, the fiercely independent people of island-nation defeated a referendum that would have bailed out the UK and the Netherlands who had covered the deposits of British and Dutch investors who had lost funds in Icesave bank in 2008.
At the time of the bank’s failure, Iceland refused to cover the losses. But the UK and Netherlands nonetheless have demanded that Iceland repay them for the “loan” as a condition for admission into the European Union.
In response, the Icelandic people have told Europe to go pound sand. The final vote was 103,207 to 69,462, or 58.9 percent to 39.7 percent. “Taxpayers should not be responsible for paying the debts of a private institution,” said Sigriur Andersen, a spokeswoman for the Advice group that opposed the bailout.
There is a night club in Barcelona, Spain, named the Baja Club. Since 2004 it has been offering patrons the opportunity to have themselves implanted with a Verichip. If anyone were to take the club up on in their offer, they are to be afforded access to the VIP section in the nightclub, and not only did they not require photo identification to enter the club, they also had their drink tabs charged to the chip. This, by it’s very definition, is a cashless society. Aforementioned logic dictates that for a cashless society to exist it would need to be totally intangible commerce. Although right now it is limited to a night club party lifestyle, how long would it take for this to spread like an epidemic throughout the world, seeping into every crevice of modern commerce?
Internet money transfer company PayPal has just hit its 100 million active accounts milestone, and with it, the company is predicting that mobile payments will supersede physical wallets in the not too distant future.
"Consumers are increasingly giving up traditional payment methods such as cash and checks and turning to a more modern - and anytime, anywhere - form of payment," said PayPal president Scott Thompson in a June 29 post on the company's blog.
A Canadian study conducted by Leger Marketing on behalf of PayPal and released on June 28 found that more than half of Canadians are comfortable with a cashless society.