Original Post Here
This piece seems to back up Neil’s claim in his response to “Blankfein.”
http://www.businessinsider.com/no-one-is-even-talking-about-the-fundamental-problem-in-europe-2012-8
Neil wrote: “What we must all realize, though, is
that the BIS, IMF and the WORLD BANK are all one and the same: all
Globalists. Upon being appointed to the Head of the IMF, Christine
Legarde did come forth and put a stop to the laundering of funds within
the IMF, so the mirroring of Global Accounts has stopped there.”
Raúl Ilargi Meijer wrote: “A rise based on
expectations of other Eurozone nations, notably Germany, basically
putting up the health of their own economies as collateral to inspire
confidence in ECB sovereign bond purchases. Now, you can
play this game for a while, no reason to doubt that. But I would
personally think we’ve finished playing out that particular “while” a
long time ago and running. Whatever remains now is but a wager. As in:
the entire Eurozone has turned into a casino.”
They’re both saying something very similar in concept.
Neil wrote: “On the other hand, Europe needs the
money so badly that in most cases they are afraid to ask such a tough
question—and they take the illegal funds! Well, the funds have been shut
off, and if the BIS allows them to continue to mirror the Accounts, we
will come after them.”
Raúl Ilargi Meijer wrote: “In the case of Europe,
the EU’s national governments, Germany’s first of all, refuse to tackle
the debt issue, when it comes to Italy and Spain, because it would
threaten their own respective banks.”
The “Lame Stream Media” has become acutely aware of what is going
on—how the overlords are intimidating helpless nations with their fraud
and theft.
Neil wrote: “You have used illegal funds, and you
have paid Debt with illegal funds. The Global Accounts are filled with
your phony Euro Notes that you use to pay off the Leased Gold. Yes,
Lloyd, we have many of them, and what would you do if we were to walk
into Draghi tomorrow and claim they be validated? What would happen to
your show? It would simply shut down—unless you actually found a few
shekels to pay them off. Then again if you pay off a couple of Euros,
you would have to pay off the Trillions of Euros you printed to pay your
debt.”
Raúl Ilargi Meijer wrote: “The latest line is that
they do it to “stabilize the currency”. Which is fine in itself, or so I
guess, only we would like to know how long they would plan to stabilize
it for (two weeks doesn’t seem to cut it). And that issue is not
addressed. Ever. Hence, we are left to conclude that there is no
effort to deal with the debt, there’s not even an attempt to do it.
Mario Draghi is merely trying to lift a corner of the magic flying
finance carpet, so Spain can be allowed to sweep its true debt burden
under it, out of our sight. And a carpet can hide quite a bit of dead
dust for quite some time, as you know if you’ve ever tried the approach.
The thing about debt, though, is that it’s not dead dust. Debt lives.
It’s alive. It’s almost organic. Debt festers and ferments under that
carpet, it requires interest and principal payments, and it grows if
these payments are not made.”
“… no effort to deal with the debt.” These people understand that
the money is coming from somewhere and it isn’t from the economies of
the countries attempting to enforce the European Union’s agenda. It’s
coming from “thin air” –Neil exposes them that they’re issuing money
based on “mirror accounts” (I’m told an invention of Henry Kissinger)
that associates their worthless fiat currency with accounts (Global
Accounts) backed by GOLD they don’t own!
So, friends, can you see how it’s
all coming together now? This article was published in the Business
Insider. After 19 months and as many “plans” that never produced the
“Big Bazooka,” who do YOU think wealthy investors are listening to now?
From the obvious signs that investors are taking their money OUT of the
equity markets and stuffing it all in commodities, I would think they’re
listening to the likes of Neil and Raúl. Wouldn’t you agree?
Again, my thanks to M!
Hugs,
~Jean
PS – A simplistic explanation of how Mirror Accounting works:
Mirror accounting is used in European countries that require changes
in inventory to be immediately reflected in the income statement. With
mirror tables, you can combine the creation of balance sheet inventory
entries with the creation of related entries to income statement
accounts by associating a pair of source accounts with a pair of mirror
accounts.
Mirror accounting only applies to inventory (IC) transactions.
Whenever an inventory transaction creates a general ledger (GL) entry
for a specified combination of source accounts, the system automatically
creates GL entries
to the related mirror accounts:
Debit Source Account 1
Credit Source Account 2
Credit Mirror Account 1
Debit Mirror Account 2
Here’s how it works: You check out “a fund’s holdings,” moves and
performance on a mirroring “service’s” operational site (Black Screen).
If you like what you see, you give the “service” permission to execute
the same trades in your brokerage account in the same proportions that
the fund makes. So if the fund receives a percentage of wealth to its
portfolio in, say, GOLD, the service will “buy” (with funny-money) the
same percentage position for you in your account (an electronic or
“paper” {FIAT} transaction). For this privilege, you pay a fee based on
the amount of money you invest with the “service” to follow “the fund.”
As an example: Through an normal accounting transaction, the Dragon
Family moves 200 tones of GOLD into their “Gold Inventory” in their
“Global Account.” You like what you see so you have the “service” credit
your account with an electronic transaction of equal value. Get it? Of
course, YOUR transaction is simply an ASCII Octal Code on a computer
that “represents” the real wealth sitting in the vault of the Dragon
Family and recorded in their General Ledger as an entry representing
their GOLD Inventory. It may also be an equivalent “representation”
issued in paper Eurodollars (FIAT money). (e.g., 4 Quad-Trillion Pounds
credited to “Spiritual White Boy”).
So, you can see … it’s a sham!
