With all the bailouts, and now the recently approved 123 billions that the German government is going to give to the new european fund or bank or whatever they will call it to ‘rescue’ countries in a difficult situation, such as Greece, Italy etc, Germany has enslaved all its population, once and for all.

Why ? Because at this stage, 99% of the income tax will be used to repay the banks, you know those people in suit that produce absolutely nothing, except problems all over the world.
One must admire the ‘coincidence’. When everything is taken into account, it is almost all Germany revenues that are given away, they did it piece by piece until they reached 100% or so.

I was watching what would happen with Greece because the obvious choice of the Greek government is to default on its debt and tell the bankers to go to hell. But that would have meant getting out of the Eurozone, ie something totally in opposition with the New Order march that want all countries under a single banner and currency, with slaves working for the new dictators and powerful corporations.

Of course, the rescue package is just a way to put countries into a bigger hole, so as soon as the rescue package hits Greece, the Greek too will become bankers’ puppets. Italy, Portugal, Ireland etc are next.

One must admit that it is a brilliant way to enslave even powerful countries, just take all their income and loan it to the poorer. It’s exactly what the IMF does to third world countries, they force huge loans upon them (through bribery or death threats to their goverments), enforce the way they must use the money (ie give it back through big corporations that do not help the country or the people but just want to make money) and then remain with the big debt that the whole population must repay.

Now that this is done, look back at all the nonsense we have read recently : ‘should we help Greece’, ‘should we let them default ?’, ‘should we do this or that ?’ It was just a smokescreen to give people the impression that they are really thinking hard at solving the problem. The news have become a movie, and too bad for us, we the people are the slaves.

Here is a good article about what is going on in Germany right now. If it has happened there, in the most powerful country in Europe, do not think for a minute it will not happen everywhere.

Germany’s parliament today passed a bill that will mean that about 66 per cent of the country’s income tax revenue each year will go to banks in the form of interest payments on sovereign dent bonds held by Greece, Portugal and other Eurozone nations.

Chancellor Angela Merkel’s centre-right coalition government voted to give 123 billion as Germany’s portion of a 750-billion euro loan guarantee package prepared by the European Union and the International Monetary Fund to enable governments to keep up interest payments to banks on sovereign debt.

The 123 billion euro bank package comes on top of the 22.4 billon that Germany’s parliament voted to give Greece two weeks ago.

German taxpayers will, therefore, have to give 145 billion euros or 77% of the country’s annual income tax revenue to the banks in the highly likely event of Greece, Portugal and other countries not being able to meet their sovereign debt interest payments.

A German accountancy website allowing people to calculate what portion of their income tax will go to fund the banks reveals that a man earning 30,000 euros a year, and paying income tax of 5,625 euros, will be giving 3,709 euros to banks as part of the 123 billion Eurozone “rescue” package.

He will be giving another 675 euros as part of the 22 billion euro Greek “rescue” package.

Germany spends another 40 billion a year paying interest on its national debts, which were created by the bank bailout and stimulus in the first place.

This means that another 1,200 euros of the 5,625 euros collected in income tax from a man earning 30,000 euros a years goes on interest payments on the national debt.

In this case, a total of 5584 euros or 99% in income tax is being paid directly to banks such as Deutsche Bank and Goldman Sachs by the German government in the form of interest payments on national and international Eurozone debts.
As a result of this bill, only 41 euros of the total annual income tax of 5,625 could soon be available for the government to spend on education, pensions, hospitals and welfare and such like.

41 euros is 0.72% of the total income tax paid by a man earning 30,000 euros each year.

The Merkel government has just announced a raft of deep cuts and tax hikes, which will increase the proportion of the country’s income flowing to the banks and accelerate an economic collapse that could be much more severe than the Great Depression of the 1930s.

The transfer of almost the country’s entire tax revenues to the banks shows that the politicians in Germany are working hand in glove with banks to loot the people on an unprecedented scale under the smokescreen created by the mainstream media.

Though sold by the controlled media as “aid for Greece”, none of the money will go to the people of Greece.

The 123 billion euros and 22 billion euro packages will go straight to the banks who hold sovereign debt bonds issued by the Greek and other Eurozone debtor governments if these cannot raise enough money.

These same banks have been artificially pushing up the interest rate using credit default swaps to maximize their profits, and Germany’s recent bank on naked short selling will do little to stop this practise.

The way governments and regulators acted together to help banks create paper debt and then transfer gigantic sums to those banks under the guise of having to rescue them and pay interest payments on the rescue loan is the subject of a parliamentary investigation and criminal probes in Iceland. Several bankers have already been arrested.

In the USA, the SEC has launched a criminal probe into Goldman Sachs and Deutsche Bank, among others, for their role in creating property debts, which were then used as a pretext to get tax payer funds.

The credit rating agencies are also under investigation in the USA for fraud.

German prosecutors have asked the boss of Deutsche Bank, Josef Ackermann, to testify on the bank’s role in the bankrupting of IKB, triggering the bank bailout and stimulus packages that vastly increased the national debt.

But Germany is just the latest country to push through its part of the 750 billion Eurozone package.

Austria’s parliament on Wednesday voted to provide up to euro 15 billion in loan guarantees as its share.

In France, the package is set to go parliament on May 31 and is expected to be passed.

Never in recent European history have governments so blatantly looted taxpayers.

If nothing is done to reverse these bills, the economic and social collapse of Germany, Greece and EU nations is inevitable.

Oh yeah ! What else could happen when all the income tax money goes to the bankers ?

Slavery, social unrest, violence, lower moral values, everybody fighting for its survival … we’ll soon be back to the Middle Age ! Mark my words.

  1. […] The twist in Europe is that money can only be created by the ECB, and did you notice that in the current crisis they did not do that. Instead, they are asking all governments to commit more cash to create a fund to help the PIIGS countries. What this does is that it puts the sound countries in a mess too, as I explained recently with Germany who now owes the banks 99% of their total income taxes. […]