it's like shooting PIIGS in a pen

[GR- STAGE 7, READY FOR 8]

[EIRE- STAGE 7]

[PORTUGAL-JUST ENTERED STAGE 7]

SNAKES &/OR BANKSTERS

STAGE 1. GLOBALISE MONEY
2. LEVERAGE x80
3. CRASH
4. EMPTY GOVERNMENT VAULTS
5. KILL PRIVATE CREDIT
OPTIONAL [LEAVE AN EMPTY SHELL BEHIND]
6.START THE SHOOTING GALLERY
7.COUNTRY DEFAULTS--GOTO IMF
8. COUNTRY GOES BANKRUPT
9. the ARMY ROLLS IN
10. REPEAT steps 6 to 9

Even as a kid (a rare one, admitedly), I knew that most countries were running
deficits every year. I knew that those loans were piling up. We even had a deficit
crisis in Canada. I had no idea how bad it was, but apparently we sorted it out.
and we've got good bank laws, even though our banks are too big.

STEPS 1-4
To make a short story, the US/UK/German banks
bet the whole kitty and it crashed in 2008.

STEP 5
Now, the private credit market is drying up.
Loans to businesses and home owners are drying up.
The only loans to other governments or banks are from friendly
governments: UK, US Federal Reserve, or the unfriendly IMF or ECB.

what am I to do with my deficit, then?

Moody's , Fitch and S&P will help.

STEP 6- SET UP THE BANKSTER SHOOTING GALLERY
3 concurrent acts

#1 The ratings agencies, which are corrupt (see below), and in the banks' pockets
are playing their role by rating countries' debt.
They're slowly pushing

one country
after another
over the edge into Default Gulch
AAA+
AAA
AAA-
AA
___BB
____B
_____C-
______D+
_______E
________F
_________U
_________C
_________K

Here's the cute part:
even though the rating agencies' opinions can ruin countries
they are only "opinions" according to their bosses.
It's unfortunate that they have a monopoly, and that the Market listens to them.

NO CRIMINAL LIABILITY

Too bad if a country has to crash, innit?

#2 The government bond insurance market will surely help?
I'll insure my debt!
That would seem like a good idea, but actually it's run like a casino
on the derivatives market, which is unsupervised.

"FAKE SOVEREIGN INSURANCE" run like a craps game

#3 And remember, every one of these above actions makes fees for stockbrokers.
Even when they bankrupt their own countries, they win. Du-uh

Now, what's going on is like shooting fish in a barrel. Greek kalamari, Irish sole, Porto cod

what a surprise. Guess who's in the firing line now
STAGE 6: Spain, Italy & Belgium


Of course, this will all bring on a big crash, so let's watch,
shall we?

BANKSTA'S PARADISE

[Coolio's opus]

more later

the Inside Job documentary is found here:
http://www.220.ro/documentare/Inside-Job-Film-Documentar-2010-3/oMyu8hplKl/
you can't get it on Youtube, because the wiseguys have planted too many
fake versions, to disuade people from watching. They can always blame google.