Phase 3 - Research
The Euro Scam
I'd been wanting to do a web page about the euro for some time and was sitting one day at the airport waiting for a flight back out of the UK Corp
I was just thinking about the sort of research I'd need to do to show what was really going on and where I might look for sources etc when someone dropped a paper on the seat next to me
Unfortunately it was the Daily Fascist but I picked it up anyway and on the very first page was the article below
I thought "wow that was quick" (it happens like that a lot when you're on the right path!)
So I pulled the section out of the paper and tucked it away and later used it as the main source for this article
It was basically showing the 'Two Speed Europe' and concern that the 'UK' would suffer if the euro-zone territories set their own policies
But more importantly it had some good source reference data which I used to draw the graph below in my journal
The chart compares levels of debt within the European Union and compares the EU to other territories
Column 3 shows that the average debt of (27) EU territories is a massive 82% of GDP (Gross Domestic Product) but even this excessive figure is skewed by the highest levels of debt which we find IN the euro-zone (i.e. those who have converted to the euro as their "currency") compared to those NOT in the euro-zone
We can see from this that the "UK" Corporation is being run as a euro-zone economy, even though it hasn't adopted the currency, it's levels of debt are exactly the same as the euro-zone average, a staggering 87% of GDP! Again this tends to skew the data for the Non-Euro-Zone, giving an average debt level of 68%, still way better than the Euro-Zone of course
But if we take the 'UK' out of the Non Euro-Zone picture we can see an even starker comparison with an average debt level of only 46% of GDP, almost HALF that of the Euro-Zone
And, don't you think it's strange that in the 'G8' territories, which are meant to be the richest and largest economies in the world, we see an average debt to GDP ratio of 90%?!?
The Arab League
Then I thought it would be interesting to see how that compares to Arab countries which typically do not indulge in usery in the same way. So I studied the available data (18 of the 22 members) of the Arab League and found their average debt to GDP ration was only 36%.
Bank of International Settlements
The B.I.S, which interestingly is based in Basel in Switzerland (not one of the euro-scam territories), is the main clearing house for 'The Cartel' (the IMF/BIS network).
Only 3 of the 60 member banks of the B.I.S network are based in Arab League territories
And if we consider some of the other territories typically portrayed as 'Rogue States' by our evil empire, such as Libya and Iran, the comparison gets even starker
Iran's Debt to GDP ratio is just 16.6%. Maybe that's another reason why 'The Cartel' would like to bring about regime change there?
And Libya, the west's most recent victim, had a ratio of just 3.5% before the invasion.
What was one of the first things 'The Libyan Rebels' did once the conflict had been created? They set up their own central bank AS PART OF The Cartel, as you can see in the article below...
Also, the famous old enemy 'Russia' shows very low levels of debt with a ratio of just 2.5%
And other European territories which are not part of the EU also show much lower debt levels, for example Norway with 60% and Switzerland with 52%
Euro Debt Slavery
We can now see the real message behind the data if we consider how these levels of debt compare to levels of income. The ability to pay debt off depends on how much 'disposable income' you have left after you've covered 'the cost of living' (another crazy term we just accept)
But we can see from this other chart from my journal (below) which focuses on the ratio of debt to income from our first chart, that there is no way these debts could ever be repaid.
Whilst on average the debt equates to 46% of income per capita in Non Euro-Zone territories we can see that it is 3 TIMES this within the Euro-Zone. In fact the debt per capita here is 132% of income which means there wouldn't be any money to live on and we would still be in debt if we tried to pay it off!
But of course the intention is never for the debt to be cleared, just for everyone to keep working to pay their 'Legal Fiction''s taxes to pay the interest on the debt to the wealthy investors who 'own' it, blatant debt slavery
But how has this debt been built up? Well if we look at a few example territories we can see...
I've travelled extensively all over Europe and particularly in Spain & Portugal recently where you can see the debt being run up before your very eyes as you travel around
In Spain it is obvious that there has been a massive road building program over the last 5 years or so. In some places, such as along the south coast, you can see 3 dual carriageway roads running alongside each other; perhaps the one you are driving on, the 'old' road next to it, which looks perfectly adequate, and an even newer road which is either being built or has started to be built and abandoned, these in addition to the original 2 lane road that was there for years
In northern Spain I have driven on a 2 lane road, a major tourist route towards Girona Airport, in the peak of the summer season, which had hardly any traffic on it but was being upgraded to dual carriageway at a cost of millions of euro (of debt of course)
The Portuguese Example
And in Portugal you can see the same sort of excessive infrastructure developments. Not only new motorways and road 'improvements' but also many new or recently refurbished 'public' buildings such as those in the picture below
Here we see just a few examples from a couple of small towns in the Algarve, council buildings, fire stations, cultural centres, police stations and state of the art sunken recycling bins in what is effectively still largely a peasant community where you can see shepherds herding their cows, goats and sheep around the area. Did these people really need all this infrastructure? Or was it all put there to run up the debt?
Portugal joined the euro-zone as part of the first wave in 1999 and it is most revealing to look at what has happened to their Debt to GDP ration since then
Notice how the debt level has gradually increased overall since 1999, climbing markedly since the engineered 'Credit Crunch' financial crisis of 2008
We see a very different picture if we look at the decade leading up to their entry into the euro (below) where the debt never exceeded 61% of GDP
Could this be due to the fact that during that period they had control over their own economy, whilst their hands were tied once they became part of the euro
Food for thought... let me know what you think of this article
Here's what 'Lord Barker' thinks about what will happen with the Euro! - Interviewed by my friend 'Oscar Turner' ;-)
and here Oscar speaks to 'Brad Gogetter' about the future of the Euro...
More on this coming as time permits
Phase 3 - Research Menu