EUROPEAN FINANCIAL INCEST

ON FRIDAY 12/JAN/2012 A TOTAL OF 9 EUROPEAN COUNTRIES WERE DOWNGRADED IN THE ABILITY TO BORROW MONEY.

THESE WERE FRANCE (2nd largest EU economy), ITALY (3rd largest EU economy), AUSTRIA., SPAIN, MALTA, SLOVENIA, SLOVAKIA, CYPRUS AND PORTUGAL.  IN SOME CASE THESE WERE DOWNGRADE ON SPOT WHILE IN OTHERS THEY WERE DOWN GRADED 2 LEVELS.

ITALY, SPAIN MALTA, SLOVENIA, SLOVAKIA, CYPRUS AND PORTUGAL ARE NOW BEING REFERRED TO AS PERIPHERAL COUNTRIES or SORT OF NON-EXISTENT.

DOES THE AVERAGE PERSON IN THE WORLD UNDERSTAND THE MACHINATIONS BETWEEN GOVERNMENTS AND THE FINANCIAL COMMUNITIES?

I THINK NOT, AND I DO NOT PRETEND TO DO SO BUT I HAVE SEARCHED AND FOUND TO ME WHAT IS A SOMEWHAT SIMPLE EXPLANATION FOR US FEEBLE MINDED.  I AM SURE THAT THOSE IN THE BANKING AND GOVERNMENT INDUSTRIES WOULD TELL US IT IS MUCH MORE COMPLICATED THAN WHAT I FEEL, BUT THEN ALL CORRUPTNESS IS MUCH MORE COMPLICATED THAN THE TRUTH.

HAVE YOU EVER HEARD OF THE EFSF OR EUROPEAN FINANCIAL STABILITY FACILITY?

THIS ORGANIZATION HEAD QUARTERED IN LUXEMBOURG, WAS PUT TOGETHER BY 27 EU COUNTRIES TO PROVIDE FINANCIAL STABILITY TO IN EUROPE.  THEY HIRED THE EUROPEAN INVESTMENT BANK TO TO MANAGE AND ADMINISTER THEIR FUNDS.

WELL, THEY ORGANIZED AND GOT TOGETHER SOME 420 BILLION EUROS AS A BASE THEN PROMPTLY HAD TO STABILIZE IRELAND AND PORTUGAL, SUDDENLY 50% OF THEIR FUND WAS GONE.  IN THE PAST THEY WERE ABLE TO BORROW MONEY FOR THE EFSF BY USING THEIR COMBINED EU BUDGET AS COLLATERAL BUT AS THIS BECAME RISKY IT WAS DECIDED THAT THEY WOULD RAISE CAPITAL BY SELLING BONDS.

THIS WAS SO RISKY AS THE COUNTRIES WERE IN SUCH DEBT THAT IT WAS DECIDED THAT ALL BOND OR OTHER FUND RAISING INSTRUMENTS, APPROVAL MUST BE CLEARED BY THE GERMAN DEBT MANAGEMENT OFFICE.  ONCE AGAIN GERMANY DOMINATES EUROPE!

NOW WITH THE FURTHER DOWNGRADE OF 9 EU COUNTRIES IT MAY BECOME MORE DIFFICULT TO BORROW MONEY AND SURELY MORE COUNTRIES WILL BE NEEDING MONEY FROM THE EFSF, THRU THE EIB, WITH AGREEMENT FROM GDMO AND THEY ARE TRYING TO GET THE EUROPEAN CENTRAL BANK, THE INTERNATIONAL MONETARY FUND AND WORLD BANK TO BECOME CO-CONSPIRATORS WITH THESE CORRUPT GOVERNMENTS AND EUROPEAN BANKERS.

THE AMOUINT OF PARTICIPATION IN THE EFSF IS AS FOLLOWS:
GERMANY: 27%      FRANCE: 20%      ITALY 18%      SPAIN 11%      NETHERLANDS 5%
GREECE: 2.8%         PORTUGAL 2.5%     SLOVAKIA: .99%      SLOVINA .47%
CYPRESS .19%

I WOULD GUESS THAT THE OTHER 18 MEMBER COUNTRIES HAVE THE OTHER 12%