Dexia rescue deal after marathon talks

The entire structure of all bank bailouts is based on nothing more than a pack of legalized lies: Banks are allowed to lie about the value of their loans to various countries, their capital and their solvency. And governments lie about how much it would really cost to save the insolvent banks.

The truth is that the plutarch conspirators which run the Western governments and economies know that resources, and therefore wealth is finite, and the object of their plan is to appropriate for themselves as many of those finite resources as they can.

They have taken advantage of long standing 'democratic deficits' to put into power politicians who are sympathetic for ideological and financial reasons towards their aims, and with the help of a compliant media they have created what is almost a global consensus in bank bailouts-a massive transfer of wealth from the taxpayers to the plutarch scum.

But the papering of the cracks on banking system through bailouts it's no better than rearranging chairs on the deck of the Titanic,and will not resolve the banks major issue-the one of solvency.

Banks in the Eurozone get less than 35% of their funds from deposits, according to Bloomberg data. Instead, they rely far more heavily on what's called "wholesale funding" — money borrowed from other banks and institutions.That's the kind of money that is quickly withdrawn at the first sign of trouble.And many banks appear to be suffering big runs at this very moment.This is why the European Central Bank rushed to the rescue last week with 40 billion euros in emergency loans for banks suffering withdrawals. But 40 billion is a drop in the bucket, barely covering one cent for each dollar of PIIGS' debts outstanding.

The endgame is fast approaching.The simultaneous downgrades of Italian,Spanish,British and French banks is not a coincidence and as with Dexia and many other bailouts the oligarchs expect the taxpayer to pick up the bill.Frankly I think if people fail to resist those plans they will end up having to resign themselves to what will effectively be slavery.

The entire structure of all bank bailouts is based on nothing more than a pack of legalized lies: Banks are allowed to lie about the value of their loans to various countries, their capital and their solvency. And governments lie about how much it would really cost to save the insolvent banks.

The truth is that the plutarch conspirators which run the Western governments and economies know that resources, and therefore wealth is finite, and the object of their plan is to appropriate for themselves as many of those finite resources as they can.

They have taken advantage of long standing 'democratic deficits' to put into power politicians who are sympathetic for ideological and financial reasons towards their aims, and with the help of a compliant media they have created what is almost a global consensus in bank bailouts-a massive transfer of wealth from the taxpayers to the plutarch scum.

But the papering of the cracks on banking system through bailouts it's no better than rearranging chairs on the deck of the Titanic,and will not resolve the banks major issue-the one of solvency.

Banks in the Eurozone get less than 35% of their funds from deposits, according to Bloomberg data. Instead, they rely far more heavily on what's called "wholesale funding" — money borrowed from other banks and institutions.That's the kind of money that is quickly withdrawn at the first sign of trouble.And many banks appear to be suffering big runs at this very moment.This is why the European Central Bank rushed to the rescue last week with 40 billion euros in emergency loans for banks suffering withdrawals. But 40 billion is a drop in the bucket, barely covering one cent for each dollar of PIIGS' debts outstanding.

The endgame is fast approaching.The simultaneous downgrades of Italian,Spanish,British and French banks is not a coincidence and as with Dexia and many other bailouts the oligarchs expect the taxpayer to pick up the bill.Frankly I think if people fail to resist those plans they will end up having to resign themselves to what will effectively be slavery.