Thanks To The Bailouts, Germany Now Has a Debt to GDP of 300%… Bye Bye Eurozone!

• Forget about all the official debt to GDP statistics out of the Eurozone. It is a fact that governments provide fraudulent statistics. The official debt to GDP for Germany is about 82%. What they don’t tell you is that it excludes: unfunded liabilities, off-balance sheet items… etc. If I were to use the same method of reporting in the private sector, I would be arrested, charged and found guilty of fraud! Governments have been lying and employing fraud to deceive the sheeple.
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• What is really happening is the financial rape of the German sheeple by the Illuminist snakes. They need to bankrupt Germany so that the Germans will not be able to resist the implementation of their Luciferian New World Order!
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  “Moreover, that €328 billion has already been spent via various EU props. Indeed, when we account for all the backdoor schemes Germany has engaged in to prop up the EU, Germany’s REAL Debt to GDP is closer to 300%.”
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  Thanks to the Bailouts, Germany Now Has a Debt to GDP of 300%… Bye Bye Eurozone! 
  by Phoenix Capital Research, via www.zerohedge.com
  The European Crisis is accelerating with every day. Indeed, at this point there’s a new major development (if not more than one) on a daily basis. Rather than detailing every single news item, I’d rather address the larger concerns. This will better help you understand the larger systemic issues and how this is all likely to play out.
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  Greece, which we’ve been told was “saved” more than a dozen times, is back on the ropes and on the verge of needing a third bailout:
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  Greece will need more debt restructuring…EU officials
  Greece is unlikely to be able to pay what it owes and further debt restructuring is likely to be necessary, three EU officials said on Tuesday, a cost that would have to fall on the European Central Bank and euro zone governments.
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  The officials said that twice bailed-out Greece would be found to be way off track by EU and International Monetary Fund officials who have been assessing the country.
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  Inspectors from the European Commission, the ECB and the IMF — together known as the troika — returned to Athens on Tuesday and will complete their debt-sustainability analysis next month, but the sources said the conclusions were already becoming clear.
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  It means Greece’s official-sector creditors — the ECB and euro zone governments — will have to restructure some of the estimated 200 billion euros of Greek government debt they own if Athens is to be put back on a sustainable footing.
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  http://www.reuters.com/article/2012/07/24/us-eurozone-greece-idUSBRE86N11D20120724 
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  How this can be a surprise to anyone is beyond me. Greece was already asking for repayment extensions after its first bailout. Put another way Greece was already showing that it couldn’t meet its easier/ more lax debt repayment schedule back in 2010.
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  As a standalone item, Greece is now at the point of either leaving the Euro or defaulting. Both items are receiving coverage in the mainstream financial media, which tells us that high-level officials have plans in place for either eventuality (things don’t get out into the media in Europe until political “sources” plant them).   
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  Greece’s Far-Left Leader Says Country Will Default
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  read more!

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