The G-7 countries, the US, the UK, Canada, Japan, France, Germany and Italy, have declared economic war on their voters. They are meeting today and tomorrow in Bavaria. They seem to have attracted quite a few protesters. There would be many more people in the streets if they knew what was being planned for them.
The unelected European Commission has ordered 11 formerly sovereign nations to pass laws permitting Cyprus style Bail-Ins so the Bankers can take depositors cash and pay off their speculative losses. The other 17 presumably had already passed such laws. There is some urgency in this demand because the 11 foot dragging countries were given a two month deadline. The US and Canada have already taken similar measures. US courts have ruled that American depositors are uninsured investors. In case of a bank’s bankruptcy people who bought Credit Default Swaps have priority to being paid over depositors. Continue reading “The G-7 Countries Declared Economic War On Their Voters”