Wolfgang Schauble Admits Euro Bail-out Fund Won’t Halt Crisis!

• Do not be taken for a ride by all the ‘news’ coming out of the EU summit happening now to resolve the Eurozone sovereign debt crisis. Nothing concrete will happen. Essentially, private bankster debts have been dumped onto the sheeple via sovereign governments. Private debts have been socialized while profits kept by banksters. These Illuminist banksters have no intention of resolving this crisis. They know that their politician puppets will continue to bail them out and they can continue to financially rape the sheeple.
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• All the rescue talk are about providing more loans (ie debts) to bankrupt countries overburdened by an insurmountable mountain of debts! You cannot solve a debt problem with more debts. The Illuminists are planting the meme: “If only the ECB can perform as the lender of last resort (like the FedRes) by creating money out of thin air to bail out everybody” This is false. The word bailout is a lie. There is no bailout! It is even more debts dumped on the sheeple which their children, grand children … have to pay to Illuminist central banks! They want the ECB to be freed from constraints to function like the FedRes bank of Europe 2.0!
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• The Illuminist plan is to use this crisis to consolidate power into an unelected Illuminist elites via the EU parliament. They will use fiscal union, tax union/unification … to create a United States of Europe. When they have achieved most of their objectives, they will pull the plug on the Eurozone and go into the next phase: an even bigger global monetary crisis. The Illuminists want a global currency meltdown to set the stage for their One World Currency and Global Supra-National Central Bank (very likely IMF). How do you get the world to accept a new One World Currency? By destroying all fiat currencies via hyper-inflation! The sheeple of the world will then beg their governments for a solution! This is when the One World Currency backed by gold will appear! Got physical gold yet?
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  Wolfgang Schauble admits euro bail-out fund won’t halt crisis! 
  By  Louise Armitstead, http://www.telegraph.co.uk/ 
  Europe’s “big bazooka” bail-out fund is not ready and won’t stem the debt crisis that on Tuesday pounded Italy and the European Central Bank (ECB), admitted Wolfgang Schauble, Germany’s finance minister.
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  Mr Schauble said eurozone finance ministers, who are meeting in Brussels, could not agree on the terms of the European Financial Stability Facility (EFSF). He told Germany’s Handelsblatt that although Europe needed a fund “capable of action”, plans for the EFSF were too “intricate and complex” for investors to understand.
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  The finance ministers, who were meeting ahead of a full Ecofin summit today, acknowledged the €440bn (£376bn) fund would not win support to leverage it up to €1 trillion. Its capacity would be between €500bn and €700bn instead – a total that is unlikely to be big enough to rescue Spain and Italy.
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  Eurozone finance ministers also agreed to explore ways of boosting the IMF’s resources through bilateral loans so that the international lender can match the leveraged capabilities of the eurozone’s bailout fund. 
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  However, the ministers concurred that the €8bn of international aid to Greece should be disbursed before Athens runs out of cash in two weeks. Evangelos Venizelos, Greece’s finance minister, said: “In Greece we have all the necessary conditions in order to go ahead with the next disbursement.”
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  … for more click here!

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