Saturday, June 2, 2012

More on Gold-in-my-Socks.............

Occupy Europe: the euro collapse is a Goldman Sachs scheme to bag EU banks for a song

By Richard Cottrell
Contributing writer for End the Lie
Gary D. Cohn, President and Chief Operating Officer, Goldman Sachs, USA, captured during the session 'Rethinking Risk in the Boardroom' of the Annual Meeting 2010 of the World Economic Forum in Davos, Switzerland, January 27, 2010 at the Congress Centre (Image credit: World Economic Forum/Remy Steinegger).
Gary Cohn, president and chief operating officer of the Wall Street financial institution Goldman Sachs, has let the cat out of the bag.
Even as more than $100 billion flees Spain in a little more than 48 hours, Cohn chimed in to admit that he’s ready to pitch on the expected distressed asset sales by scores of European banks that may reach as much as $2 trillion over the next few years. Some might rightly call this a “fire sale.”
Cohn says Goldman Sachs is “well placed” to exploit the anticipated fire sale by sick European banks. You bet.
The sell-off will mainly take the form of soured loans in the real estate sector, which of course brings us straight back to the bursting of the real estate bubble in the US, which kicked off the on-going global crisis.
There are two ways to understand this statement.
Either Cohn is just looking around for bargains, like any smart businessman, or his firm was involved in deliberate and intentional efforts to collapse the European banking system, which it could then pick up for a song. I prefer the latter explanation.
Part and parcel of this game is to sink the euro at the same time. The euro is and always has been a threat to the dollar.
The US was never in the game of tolerating a rival global currency, so what we are seeing now is another stage in the grand design of reducing Europe to the status of a supplicant American protectorate.
Exactly, by the way, as George Orwell foresaw in what some might call his magnum opus, Nineteen Eighty Four.
What do the EU mandarins think of all this? Amazing as it may seem, I believe they are singing from the exact same song sheet.
Globalism is first and foremost about world government. Nothing else. Control of money is obviously an essential pre-requisite of controlling the entire social and political order.
It is therefore now safe to anticipate that the euro will indeed implode, collapse, crash, take your pick, and the acquisition of cash assets at knock down prices by Goldman Sachs (and the rest of the Wall Street gang bangers) will progressively allow a very small group of bankers to Occupy Europe.
You want more proof of the globalist plan to tank the euro? Try this morsel from Bilderberger Cohn.
Questioned on the possible implosion of the eurozone, which is currently the subject of raging hysteria in Europe, he calmly responded that Goldman Sachs had “dramatically reduced” its European exposure.
Wait a minute. There’s something weirdly amiss with that statement, unless of course you view it in a different light altogether. How does bagging up to $2 trillion in junk debts incurred by European banks in dud loans amount to a dramatic reduction in exposure?
Well, it does if you consider the acquisition of assets in the form of collateral that Goldman Sachs does not own at the moment. Note the careful sleight of hand there. It’s the first you see it, then you don’t trick performed by practiced on-stage magicians.
In a sense what is going on within European banks right now is the equivalent of a real estate fire sale. Assets are tanked to the level that they sell for peanuts. This is, and always was, the Wall Street game
Wall Street is like the brontosaurus that never learns new tricks. It’s like AIG, Lehman Bros., General Motors, all that glorious roll-call of the dead and walking wounded, never happened. It’s like the words ‘bail out’ are something to do with survivors of a sinking liner trying to keep their crowded lifeboats afloat. It’s nothing to do whatsoever with the billions which European and US taxpayers have hose-piped into the likes of Goldman Sachs to ‘save’ the world’s financial structure.
Cohn rambles on, “We believe that Europe and the growth markets will present compelling opportunities for the firm.”
The guy is talking like a head of state, not some get-lucky banker hoovering penny shares. Both Hitler and Stalin equally thought Europe would “present compelling opportunities for the firm.”
The EU is supposed to have a regulatory regime in place that stops the formation of monopolies by means of takeovers and mergers. Will the mandarins of Brussels slap a cease and desist notice on Goldman Sachs for its efforts to control Pan-European banking?
I fancy not. A back slapping is far more in order.
You see, most of the EU gliteratti are Bilderbergers and Trilateralists, alongside the Wall Street gang, the IMF, the World Bank. All the ornaments of the New World Order.
That’s what I mean when I say that the collapse of the euro is intentional and contrived and was always intended to work out that way, right from the launch of the currency more than decade ago.
It explains the absence of a fiscal union without which no currency trading across borders has a chance of surviving. It explains why the grenade pins are being pulled first from basket cases like Greece, Spain, Italy, Portugal, and Ireland. Demolish the perimeter fences and you can soon demolish the center.
Look, the ECB (European Central Bank, acting as the funding spigot for the EU and the IMF) sends a pack of ‘bail out’ money to the Athens central bank, only to snatch it back ten minutes later to foster the illusion that the Greeks are paying their debts.
These are the maths of the mad house, as I observed in previous posts.
The EU then asks Don Quixote how it came about that the Spanish megabank Bankia collapsed like the Walls of Jericho. Because it was full of dirty loans, that’s why. Exactly like those Goldman Sachs now proposes to pitch on. In philosophical terms, the two events, bust the bank then bag it, are signifiers linked to the same principle objective.
The cipher is real estate. From Detroit to Dortmund, it’s the same story. Real estate was converted into an alternative form of moveable, transmittable energy, which was bound to end badly. I see there’s a mega-rich US basketball star who installed an ATM in his kitchen. When everyone does that, we take the road to ruin.
When nations are prosperous, caring for their own citizens exclusively, steering well clear of disastrous foreign wars, minding their own business, getting along nicely with their own funny monies, the impetus for world union is charged negative. When things turn to rack and ruin, the needle turns sharply to positive.
That’s where we are now.
The United States of Goldman Sachs.
Richard Cottrell is a writer, journalist and former European MP (Conservative). His new book Gladio: NATO’s Dagger At The Heart Of Europe is now available from Progressive Press. You may order it using the link below (or by clicking here – Gladio, NATO’s Dagger at the Heart of Europe: The Pentagon-Nazi-Mafia Terror Axis):

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