THE EUROBOND IS ON

A very significant event occured at Camp David over the weekend. Although the G8 meeting was at Camp David hosted by the naughty boy Obama, he did not open the meeting. Instead Obama asked Mario Monti to open the meeting.

The discussion on the global economic crisis at Camp David was opened at the request of Obama by the Italian prime minister Mario Monti, seen as the power broker in Europe between austerity and growth factions.

[source : Germany isolated over euro crisis plan at G8 meeting in Camp David, The Guardian, http://www.guardian.co.uk/world/2012/may/19/g8-camp-david-germany-euro, 20/05/2012]

Why would Obama ask Monti?

Mario Monti loves Eurobonds, and has been proposing them for months, and has of late been expressing his confidence that he thinks Germany (because Merkel's Minister of Finance, Bilderberg attendee and the latest winner of The Charlemagne Prize Wolfgang Schauble is also against Eurobonds) will sooner or later accept Eurobonds.

Italian Prime Minister Mario Monti is convinced that the time has come to start using euro bonds and that it won't be long before they are implemented. "I'm convinced it will happen. Not immediately, but the time is getting nearer," he told reporters at a conference yesterday. Germany has long opposed a commonly issued bond insisting that Eurozone members must first concentrate on implementing fiscal responsibility. While insisting that the time for talking was over, Monti also pushed for action on prioritizing growth in the euro area. He urged the EU Economic and Monetary Affairs Commissioner Olli Rehn to "take a very active and leading role".

[source : Time for euro bonds has come, says Monti, Yahoo News, http://uk.news.yahoo.com/time-euro-bonds-come-says-083210835.html, 09/05/2012]

Reports of the meeting imply that Merkel was isolated in her steadfast refusal to support the issuance of Eurobonds. However, some reports imply that Merkel is not opposed to Eurobonds per se, but that there should also be closer political and fiscal union of the Eurozone countries.

Mr Hollande has said he will press Berlin to lift its veto on issuing common eurozone bonds - debt issued for the whole currency and implicitly guaranteed by countries such as Germany - or allowing the European Central Bank to lend directly to governments.

Both ideas are "red lines" for the centre-right German government, although Chancellor Angela Merkel has not ruled out eurozone bonds as a long-term prospect if Europe takes more steps towards a tighter political and fiscal union.

[source : France's Hollande to set out eurobond plans at summit, The Daily Telegraph, http://www.telegraph.co.uk/finance/financialcrisis/9277743/Frances-Hollande-to-set-out-eurobond-plans-at-summit.html, 20/05/2012]

And this is where Tsipras comes in, because he could be the ideal man to persuade Merkel (and Schauble) to accept Eurobonds. Tsipras appears to love the Euro as much as Monti loves Eurobonds. Is Tsipras (the Communist) prepared to cede yet more Greek sovereignty to a European Superstate with a single European currency in order to get more jobs?

What would you call that?

Tsipras does not appear to be against a single European Superstate (and why should he with his Communist background?), but is against the austerity being imposed by Germany, EU and IMF.

I think it is great that Greeks are voting against austerity, demanding action, but I cannot understand how selling out to a European Superstate is the answer, particularly if it is run by unelected Bilderberg Eurocrats like Barosso and van Rompuy.

But even Webster Tarpley proposed Eurobonds in his latest World Crisis Radio show of 19th May 2012!

Tarpley, Soros and Monti all agreeing on Eurobonds?

Perhaps the sky really is falling down!

So what does Tsipras have to say about Eurobonds? In a recent interview with CNBC, Tsipras suggested exactly what Hollande, Monti, Soros and Tarpley have suggested.

While Tsipras believes in government control of most sectors of the economy including the banks, Tsipras doesn’t call himself a communist, but rather a leftist or a socialist.

That’s because there is another official communist party in Greece that is anti-European. Tsipras is not. Or at least he wasn’t back in September when asked if he would prefer if Greece would leave the Euro.

“No," he said. "On the contrary, I don’t think it would be wise to leave the euro zone because Greece is a member of the euro zone and that is our competitive advantage. We should try to capitalize on it to make use of it.”

On the face of it, the two positions seem impossible to hold at the same time. If he doesn’t stick to the terms of the bailout, the loan money will stop, and Greece won’t have money to pay government salaries, the army, retirees pensions. They’d have to fire hundreds of thousands of people immediately, or they’d have to drop the Euro and print their own money, to pay people in a new currency.

But Tsipras was convinced that the EU shouldn’t be trying to change Greece. Rather, that Greece should be trying to change the European Union.

“What I think that is really important is to have a change in direction in the EU," he said. "I think it would be good, for example, if the European Central Bank could lend directly to member states, just like the Fed lends money directly to the different states in the U.S.” (The Federal Reserve [cnbc explains] does not lend money to states. It has, however, bought US Federal Government debt, as part of its quantitative easing program.)

“Another good idea would be to have euro bonds because in this way we would be able to overcome certain problems. Because now we have the national governments falling prey to speculation and I think what we really need is a strong community budget. But also an investment plan along the lines of the Marshall plan, which would lead to investment opportunities in Greece and this of course would create jobs which are much needed in the country.”

And he said he felt the financial sector should come under the control of the government.

“We have the solution: to have the banks under the state control," he said. "We have the solution: to have the banks under the control of the European Central Bank. We have the solution: to take loans for European Central Bank in the same interest that the commercial banks take for the European Central Bank. We have the solution: to have the euro bond to take loans in the same interest that the Germans and France take.”

[source : Meet the Greek Leader Who Sent Global Markets Reeling, CNBC, http://www.cnbc.com/id/47342551/Meet_the_Greek_Leader_Who_Sent_Global_Markets_Reeling, 08/05/2012]

So there you have it. Monti, Soros, Hollande, Obama(?), Tarpley and Tsipras all agree on Eurobonds. Merkel does not, but may be coming around to the idea if there is closer political and fiscal union of Europe. And it appears that Tsipras could be the dude to bring the factions together on this.

But Tsipras does not seem to understand what The Federal Reserve is, how it works and who is behind it, and how they financed the Europe Project via ACUE, Bilderberg, etc after they engineered WW2.

This is not good.

Not good at all.

In the above interview Tsipras says, “What I think that is really important is to have a change in direction in the EU,". Does Tsipras want Barosso and van Rompuy and the rest of the Bilderberg traitors kicked out? But the EU institutions preserved? Or perhaps worse, like Merkel wants, with more fiscal and political union?

Just how much of "a change in direction in the EU" does he really want?

Let us pray to The Great Spirit for the Greeks, that they and the rest of the sovereign nation states of Europe are not delivered unto the hands of the Satanist kiddie-fiddling warmongering bankers who engineered WW1 and WW2 and are trying to engineer WW3.

The Eurobond is on.