Dr. Paul Craig Roberts / Activist Post & Dave Neal / The Inquirer & Team Poison & Anonymous – 2011-12-02 01:00:55
http://www.activistpost.com/2011/11/bankers-have-seized-europe-goldman.html
Bankers Have Seized Europe:
Goldman Sachs Has Taken Over
Dr. Paul Craig Roberts / Activist Post
(November 26, 2011) — On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from Greece, Italy, and Spain must accept part of the cost of their bailout by writing off some of the debt.
The private banks want to avoid any losses either by forcing the Greek, Italian, and Spanish governments to make good on the bonds by imposing extreme austerity on their citizens, or by having the European Central Bank print euros with which to buy the sovereign debt from the private banks. Printing money to make good on debt is contrary to the ECB’s charter and especially frightens Germans, because of the Weimar experience with hyperinflation.
Obviously, the German government got the message from the orchestrated failed bond auction. As I wrote at the time, there is no reason for Germany, with its relatively low debt to GDP ratio compared to the troubled countries, not to be able to sell its bonds.
If Germany’s creditworthiness is in doubt, how can Germany be expected to bail out other countries? Evidence that Germany’s failed bond auction was orchestrated is provided by troubled Italy’s successful bond auction two days later.
Strange, isn’t it. Italy, the largest EU country that requires a bailout of its debt, can still sell its bonds, but Germany, which requires no bailout and which is expected to bear a disproportionate cost of Italy’s, Greece’s and Spain’s bailout, could not sell its bonds.
In my opinion, the failed German bond auction was orchestrated by the US Treasury, by the European Central Bank and EU authorities, and by the private banks that own the troubled sovereign debt.
My opinion is based on the following facts. Goldman Sachs and US banks have guaranteed perhaps one trillion dollars or more of European sovereign debt by selling swaps or insurance against which they have not reserved. The fees the US banks received for guaranteeing the values of European sovereign debt instruments simply went into profits and executive bonuses. This, of course, is what ruined the American insurance giant, AIG, leading to the TARP bailout at US taxpayer expense and Goldman Sachs’ enormous profits.
If any of the European sovereign debt fails, US financial institutions that issued swaps or unfunded guarantees against the debt are on the hook for large sums that they do not have. The reputation of the US financial system probably could not survive its default on the swaps it has issued. Therefore, the failure of European sovereign debt would renew the financial crisis in the US, requiring a new round of bailouts and/or a new round of Federal Reserve “quantitative easing,” that is, the printing of money in order to make good on irresponsible financial instruments, the issue of which enriched a tiny number of executives.
Certainly, President Obama does not want to go into an election year facing this prospect of high profile US financial failure. So, without any doubt, the US Treasury wants Germany out of the way of a European bailout.
The private French, German, and Dutch banks, which appear to hold most of the troubled sovereign debt, don’t want any losses. Either their balance sheets, already ruined by Wall Street’s fraudulent derivatives, cannot stand further losses or they fear the drop in their share prices from lowered earnings due to write-downs of bad sovereign debts. In other words, for these banks big money is involved, which provides an enormous incentive to get the German government out of the way of their profit statements.
The European Central Bank does not like being a lesser entity than the US Federal Reserve and the UK’s Bank of England. The ECB wants the power to be able to undertake “quantitative easing” on its own. The ECB is frustrated by the restrictions put on its powers by the conditions that Germany required in order to give up its own currency and the German central bank’s control over the country’s money supply. The EU authorities want more “unity,” by which is meant less sovereignty of the member countries of the EU. Germany, being the most powerful member of the EU, is in the way of the power that the EU authorities desire to wield.
Thus, the Germans bond auction failure, an orchestrated event to punish Germany and to warn the German government not to obstruct “unity” or loss of individual country sovereignty.
Germany, which has been browbeat since its defeat in World War II, has been made constitutionally incapable of strong leadership. Any sign of German leadership is quickly quelled by dredging up remembrances of the Third Reich. As a consequence, Germany has been pushed into an European Union that intends to destroy the political sovereignty of the member governments, just as Abe Lincoln destroyed the sovereignty of the American states.
Who will rule the New Europe? Obviously, the private European banks and Goldman Sachs.
The new president of the European Central Bank is Mario Draghi. This person was Vice Chairman and Managing Director of Goldman Sachs International and a member of Goldman Sachs’ Management Committee. Draghi was also Italian Executive Director of the World Bank, Governor of the Bank of Italy, a member of the governing council of the European Central Bank, a member of the board of directors of the Bank for International Settlements, and a member of the boards of governors of the International Bank for Reconstruction and Development and the Asian Development Bank, and Chairman of the Financial Stability Board.
Obviously, Draghi is going to protect the power of bankers.
Italy’s new prime minister, who was appointed not elected, was a member of Goldman Sachs Board of International Advisers. Mario Monti was appointed to the European Commission, one of the governing organizations of the EU. Monti is European Chairman of the Trilateral Commission, a US organization that advances American hegemony over the world. Monti is a member of the Bilderberg group and a founding member of the Spinelli group, an organization created in September 2010 to facilitate integration within the EU.
Just as an unelected banker was installed as prime minister of Italy, an unelected banker was installed as prime minister of Greece. Obviously, they are intended to produce the bankers’ solution to the sovereign debt crisis.
Greece’s new appointed prime minister, Lucas Papademos, was Governor of the Bank of Greece. From 2002-2010. He was Vice President of the European Central Bank. He, also, is a member of America’s Trilateral Commission.
Jacques Delors, a founder of the European Union, promised the British Trade Union Congress in 1988 that the European Commission would require governments to introduce pro-labor legislation. Instead, we find the banker-controlled European Commission demanding that European labor bail out the private banks by accepting lower pay, fewer social services, and a later retirement.
The European Union, just like everything else, is merely another scheme to concentrate wealth in a few hands at the expense of European citizens, who are destined, like Americans, to be the serfs of the 21st century.
Dr. Paul Craig Roberts is the father of Reaganomics and the former head of policy at the Department of Treasury. He is a columnist and was previously an editor for the Wall Street Journal. His latest book, How the Economy Was Lost: The War of the Worlds, details why America is disintegrating.
In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
Anonymous and Team Poison Start
‘Operation Robin Hood’ —
Steal from the banks, give to the 99 percent
Dave Neal / The Inquirer
(November 28 2011) – HACKERS Team Poison have joined forces with Anonymous to launch Operation Robin Hood, an assault on banks that should see funds channeled back to the disenfranchised 99 percent.
“We have watched our brothers and sisters being refused their hard earned money by the banks on top of being beaten and brutalized by officers during peaceful demonstrations. Congratulations banks, you have gotten our attention,” says a message jointly signed by Team Poison and Anonymous. [See statement below.]
“Banks have stolen millions from [their] customers as well as lacked the security to protect them. We give you Operation Robin Hood.”
Operation Robin Hood is launched in support of those protesters at the Occupy sit-ins across the globe and anyone that has suffered at the hands of the banks. The two parties said that they will take money from credit cards and give it to those who have been cheated by the banks.
“Operation Robin Hood is going to return the money to those who have been cheated by our system and most importantly to those hurt by our banks. Operation Robin Hood will take credit cards and donate to the 99 [percent] as well as various charities around the globe. The banks will be forced to reimburse the people [their] money back,” their announcement says.
“We are going to take what belongs to us. The Banks have thrown people out on the streets with corrupted actions. When the poor steals, it’s considered violence, but when the banks steal from us, it’s called business.”
The attacks will not harm individuals, according to the statement, and will rely on the fact that banks must refund fraudulent charges on credit cards. Having already hacked into some banking organisations before Team Poison is confident that it will be able to do so again.
“We are going to make the banks deliver your money back to you with a smile on their faces and hate in their heart,” it adds.
“Join us in Operation Robin Hood. Take from the banks and give to the poor. Our actions will be swift. It’s time for the people to rise up and the banks to remember who they work for. It’s time we fight back…. We are done asking politely. Banks, you have got the attention of the Hydra of the Internet that has grown fangs of poison. The only question now, is do they expect us?”
Knowing Anonymous this last question is moot, because they should have.
COMMENTS
This action seems like it would only hurt the banks, but my gut tells me it will hurt the customers more. Have you ever had to deal with a bank trying to get a charge removed from your credit card? It isn’t an easy process, and they make it very hard. Meanwhile, other bills that need to be paid can’t be because there is no money in your account. For someone like me who is one paycheck away from homelessness, it could be_ total destruction.
@TheHermitKrab Hence why we said that the rich is our target. If you are poor and near homelessness your card won’t even be touched. If you read a bit more closely; the poor is not our target, and the money is definitely not for ourselves. Those Platinum/Corporate/Amex cards are going to be the targets in this Operation, nobody needs tons of money, they can literally give a tiny bit away but they wont. NOBODY needs to own several cars and homes. Tupac Shakur inspired this Operation by the way.
OpRobinHood
TeaMp0isoN and Anonymous
Hello, we are p0isAnon. Anonymous and TeaMp0isoN have joined forces to fight censorship in the name of OpCensorThis. There is a new operation that has been taking place over the actions of Banks in response to the Occupy Movement. We have watched our brothers and sisters being refused their hard earned money by the banks on top of being beaten and brutalized by officers during peaceful demonstrations. Congratulations banks, you have gotten our attention.
You ignore your customers and use authorities to censor their voices. Operation Censor This will not stand for such acts and is spawning another operation under Operation Cash Back, which already removed well over 500,000 accounts from banks and put them into credit unions. This is the next step. Banks have stolen millions from its customers as well as lacked the security to protect them. We give you Operation Robin Hood.
In regards to the recent demonstrations and protests across the globe, we are going to turn the tables on the banks. Operation Robin Hood is going to return the money to those who have been cheated by our system and most importantly to those hurt by our banks. Operation Robin Hood will take credit cards and donate to the 99% as well as various charities around the globe. The banks will be forced to reimburse the people there money back.
We are going to take what belongs to us. The Banks have thrown people out on the streets with corrupted actions. When the poor steals, it’s considered violence, but when the banks steal from us, it’s called business.
We have already taken Chase, Bank of America, and CitiBank credit cards with big breaches across the map. We have returned it to the poor (the TRUE 99%) who deserve it.
We have donated thousands to many protests around the world. We have donated thousands to the homeless and other charities. Our government has fallen short in many ways. It’s time for the people to step up. We are finished depending on our government to do right by us. How safe can the banks be keeping you when we are easily able to steal thousands already. You have the benefit of us being the good guys.
We are not afraid of the Police, Secret Service, or the FBI. We are going to show you banks are not safe and take our money back. We are going to hit the true evil while not harming theirs customers and helping others. We are not only starving the banks but are ready to start the attack. We have come to take the 99% ‘s money back. We are not asking permission.
Let’s see how Banks like paying out money like they made us do. Is it called stealing when one takes what was theirs in the first place? Is it called stealing elections when banks are funneling our millions into paying off congressmen and lobbyists. It’s time for the banks to pay for their crimes and corruption. We are not waiting for our government to step up and take action. It’s time for the banks to pay for not protecting you and only causing harm. But why feel sorry for them while they make us pay every day? Make us over pay for their services? Make us pay all their little charges? Operation Robin Hood urges YOU, to now move your accounts into secure credit unions, before it’s too late while we hit them from the inside.
We are going to make the banks deliver your money back to you with a smile on their faces and hate in their heart. The only fraud happening has been the actions of the banks frauding the people. It’s time for the banks to do business with Anonymous and TeaMp0isoN. And one of us is not as harsh as all of us. We are looking forward to start doing business with you pigs.
How loud will you squeal when the same is being done to you? We will avenge every person banks turned down and stolen from. Join us in Operation Robin Hood. Take from the banks and give to the poor. Our actions will be swift. It’s time for the people to rise up and the banks to remember who they work for. It’s time we fight back. It’s time YOU take back your freedom. We are done asking politely.
Banks, you have got the attention of the Hydra of the Internet that has grown fangs of poison.
The only question now, is do they expect us?
We are p0isAnon
We are Robin Hood
We are Legion
We do not forgive
We do not forget
Expect us.
Operation Robin Hood… fully initiated.
