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.

In short, the US has manufactured ONE MILLION FAKE gold bars, that are nothing else than a tungsten core with a very fine layer of gold. They are ‘out there’, somewhere, at Fort Knox, but also banks and households.

When the market decides to take this news into account, it will cause gigantic losses to many people, those who have bought gold stocks and those who have fake bullions in their safe.

More info here and here.

Still don’t believe it. Well, the first link explains how the Rotschild withdrew from commodity trading, including gold, in 2004. The Rotschild are one of the most powerful/old/influential family/bank in the world.
Maybe they know something you don’t know …

Why do you think the IMF sold its gold in 2009 when it was going higher and the dollar tanking ?
It seemed to me that it was totally illogical, as if they really wanted to get rid of it, even at a loss …
Maybe they also know something we don’t know…

Read how Nymex was raided, his senior vice president disappeared and is still unheard of today, all that without a word from the media. Again, the pattern of an organized cover up.
Look at my post regarding SEC’s own gigantic 3+ TRILLION fraud to understand the depth of the problem.

So, the current situation is totally unpredictable, and ‘they’ wanted it like that, to tip the market one way or the other according to the government and bankers will.

The US dollar can crash anytime, it’s just a matter of the gov deciding when and if.
Gold, seen as a protection against that, can also crash anytime, with the market (as it did in 2008) or alone, again totally out of your control or any way to predict it.
These two things alone have made fundamental analysis a totally useless tool, since rationality has disappeared, but there is much more, unfortunately.
Stocks, that have been rallying for the last 11 months based SOLELY on fake/manufactured economic data, can also crash anytime when and if the real information is released.
Banks have TRILLIONS of losses that are hidden in off-balance accounts thanks to unbelievable accounting rules, that allow for NOT accounting what they don’t like, which is a blatant way to allow them to lie to/steal from shareholders.

This situation is crazy, the whole financial balance of the world relies on the decision of a very few people to release the right information when they want.

This will impact everybody, and, as always, it’s done on purpose, and it’s not for the benefits of consumers.
Remember, the FED and the US gov purposely LIE about unemployment, stock/manufacturing/sales indexes, green shoots, recovery etc

Look at the shape of the curves below and you will understand why they don’t want you to know.
If everybody understood them, it would start a revolution instantly.

So, here it is …

When Money Supplies Go Wild!
By James Turk

The US money supply is much bigger than the official numbers
indicate…$1.25 trillion bigger, to be exact. If you care
about the value of the dollars in your pocket, this information should
matter greatly to you.

As the financial crisis has unfolded over the last two years, the
Federal Reserve has been responding in a variety of unprecedented ways.
Therefore, it is logical to assume that these never-before-used actions
have altered long-established ways of measuring the US dollar money
supply.

The quantity of dollars in circulation is being underreported
by relying upon the traditional and now outdated definitions
used to calculate M1 and M2. These ‘Ms’ are calculated and
reported by the Federal Reserve based on the following guidelines that
identify the several different forms of dollar currency used in
commerce:

M1: The sum of currency held outside the vaults of depository
institutions, Federal Reserve Banks, and the US Treasury; travelers
checks; and demand and other checkable deposits issued by financial
institutions (except demand deposits due to the Treasury and depository
institutions), minus cash items in process of collection and Federal
Reserve float.

M2: M1 plus savings deposits (including money market deposit accounts)
and small-denomination (less than $100,000) time deposits issued by
financial institutions; and shares in retail money market mutual funds
(funds with initial investments of less than $50,000), net of
retirement accounts.
These esoteric definitions can be confusing, so let’s bring US dollar
currency back to basics as the first step to explaining why these
definitions are no longer adequate.

There are two types of dollar currency comprising the money supply -
cash currency and deposit currency. Both are used in commerce to make
payments.

1) Cash Currency

The cash currency we carry around in our pockets is issued by the
Federal Reserve. Take a look at one of those green pieces of paper, and
you will see that they are labeled as a “Federal Reserve Note”. A note
is a debt obligation, and a few decades ago one could take that note to
a Federal Reserve Bank and ask them to make good on their debt by
redeeming it for silver, or until 1933, gold.

These liabilities of the Federal Reserve are no longer redeemable into
anything, and are therefore “IOU nothing” currency, a phrase made
famous by legendary advocate of sound money, John Exter. Nevertheless,
Federal Reserve notes remain a liability of the Federal Reserve.

2) Deposit Currency

Deposit currency is comprised – as its name implies – of dollars on
deposit in the banking system. These dollars circulate as currency when
payments in commerce are made with checks, wire transfers, plastic
cards and the like. In contrast to cash currency which circulates from
hand-to-hand, deposit currency circulates from bank account to bank
account.

Bank deposits take three standard forms – checking accounts, savings
accounts and time deposits. They have different maturities, or tenor,
to use a banking term.

Dollars in checking accounts are considered to be the most liquid
because they are available on demand. Therefore, they are part of M1
because they are the most likely deposit currency to be used to make a
payment in commerce. Dollars in savings accounts are less likely to be
used to make a payment, but nonetheless are currency because they are
spendable. So they are part of M2, which comprises those dollars less
frequently used as currency.

The dollars in time deposits are used even less, but are currency and
therefore available for use in commerce when they mature, or
immediately if the tenor of the deposit is broken. They are – depending
on the size of the deposit – included in M2 or M3, which is no longer
disclosed by the Federal Reserve.

Having provided this background information, we can now get to the
heart of the matter by looking at how currency is created ‘out of thin
air’ by the Federal Reserve and banks and the impact of their actions
on the monetary balance sheet of the US dollar.

Cash currency of course is simply printed, but every note issued is
recorded on the Federal Reserve’s balance sheet. Basically, the Fed
‘monetizes’ an asset by turning it into currency.

If, for example, a bank sells a $1 million T-bill to the Fed, the Fed
‘pays’ for it with $1 million of newly printed cash currency. The Fed
records the T-bill as an asset and the cash currency it issued as its
liability. These Federal Reserve Notes are the “currency” component in
the definition of M1 above.

In the past, the Federal Reserve only created cash currency. However,
as the credit crisis erupted two years ago, the Fed began the
unprecedented process of creating vast amounts of deposit currency. So
instead of purchasing paper from the banking system solely with cash
currency, the Federal Reserve since the start of the financial crisis
has increasingly relied upon deposit currency to purchase paper.

Regardless how the Federal Reserve pays for the paper it purchases -
cash currency or deposit currency – it is creating dollar currency and
perforce expanding the money supply. But the traditional definition of
M1 does not accurately capture this process when the Fed uses deposit
currency to pay for its purchase. In fact, it is totally excluded.
Because the Federal Reserve did not create deposit currency in the
past, none of the Ms take it into account.

Consequently, the traditional definitions of the Ms are outdated
because they do not capture the total quantity of dollars in
circulation. Because M1 is underreported, so too is M2.

There has been an unprecedented amount of deposit currency created by
the Fed over the past two years. The following chart illustrates this
point. It shows the quantity of demand and checkable deposits, i.e.,
the amount of deposit currency, at the Federal Reserve since December
2002.

From December 2002 until the collapse of Lehman Brothers in September
2008, the quantity of deposit currency created by the Fed averaged
$11.8 billion, an amount that is relatively insignificant compared to
total M1. Presently, it stands at a record high of $1,246.2 billion,
which of course is highly significant.

More to the point, none of this deposit currency is captured in the
traditional definition of the Ms. The quantity of dollar currency is
therefore significantly underreported, which is illustrated by the
following chart.

The Federal Reserve reports M1 to be $1,716 billion as of February
15th. When deposit currency created by the Federal Reserve is added to
the traditional definition of M1, M1 after adjustment is actually 170%
higher at $2,918 billion. Its annual growth increases to
29.5%, nearly 3-times the rate reported by the Fed and more
importantly, is an annual rate of growth in the quantity of dollar
currency that is approaching
hyperinflationary levels.

The US dollar is being inflated and worryingly, the rate of
new currency creation is approaching hyperinflationary levels. Unless
the Federal Reserve changes course, the US is headed for a deposit
currency hyperinflation like those that plagued much of Latin America
in the 1980s and 1990s.

DISCLAIMER : I am receiving no financial compensation, directly or
indirectly, from Agora. I am a regular subscriber and I just wanted to
share this with you. I asked their permission to post this message. You
decide what you do next ! But whatever you do, always do it PEACEFULLY.