Thread: E.U. IMF Debt Revolt, Greece, Iceland, Latvia May lead the W

E.U. IMF Debt Revolt, Greece, Iceland, Latvia May lead the Way

Economics / Global Debt Crisis
Dec 22, 2009 - 12:46 PM
By: Ellen_Brown

Europe’s small, debt-strapped countries could follow the lead of Argentina and simply walk away from their debts. That would shift the burden to the creditor countries, which could solve the problem merely by a change in accounting rules.

Total financial collapse, once a problem only for developing countries, has now come to Europe. The International Monetary Fund is imposing its “austerity measuresâ€

A great read, Thanks Airborn.

It woul be great to see the globalists' EU fall apart from something as simple as this. Because their global governemtn nees all to participate. If this starts to happen, then the others may follow, and the EU can slid down the same chute is clawed out of. And at least it would show the NWO won't work no matter how much the elites try to shove it down everyone's throats.

Duplicate post but will leave open since more comments here than original. Please search before posting. Thank you.
http://www.alipac.us/ftopict-181881-imf ... a+may+lead

It woul be great to see the globalists' EU fall apart from something as simple as this. Because their global governemtn nees all to participate

I agree. I believe the fall of the EU is inevitable. It is a matter of when, not if. It has no solid foundation. There really is nothing that united the original European Common Market other than foreign trade. As a trading arrangement it worked more or less. But as a political coalition? And as little as the western Europeans have in common (no common language, no common heritage, no common philosophy, strong nationalistic tendencies) adding east European countries as well as considering Turkey highlights the differences even more. The EU was a scam from the word go to rip off the average folks in the member countries. I have thought that France, Italy, and/or Spain were the most likely to get fed up with the EU crap (unlimited immigration, undermining the unique cultural aspects of those countries, killing their already frail economies) and start bailing out. But maybe Greece, Latvia and Iceland will start the ball rolling. The sooner the better. The EU today and the UN tomorrow.

Good points there 4thhorseman. The thing that is the most detrimental to them aside from the points you brought up, is the whole was conceived in a fiat state. They have no collective wealth, as the banksters bankrupted every country there before the end of the 19th century, and the same banksters used the wealth they swindled from America to prop them up in the 20th century. That was only way WWI, and WWII were able to happen. That is why we ended up with the illegal Federal Reserve. So our gold could be shipped to Europe which in turn could be used to purchase arms, while the American People were left with what is now worthless paper notes. A lot of people don't know that Paul Warburg sent 30 billion in gold coin and bullion to Germany to prop Hitler up in the 1930s. All the while Americans were starving at home. By rights, there never should have been a depression, or either world war.

That is why I think the EU will wind up going the way of the first attempt at global governance, and that was the League of Nations. From what I understand from talking with folks who have come here from Eastern Europe, they don't like the idea of the EU either, as they just got done not too long ago with being satellites of the former Soviet Union, so they don't like the idea of any kind of get together no matter how benevolent it sounds.

Hylander, with a post like that you could sink ships............really big ships.

Given,

[/quote]The Road Less Traveled: Saying No to the IMF

Standing up to the IMF is not a well-worn path, but Argentina forged the trail. In the face of dire predictions that the economy would collapse without foreign credit, in 2001 it defied its creditors and simply walked away from its debts. By the fall of 2004, three years after a record default on a debt of more than $100 billion, the country was well on the road to recovery; and it achieved this feat without foreign help. The economy grew by 8 percent for 2 consecutive years. Exports increased, the currency was stable, investors were returning, and unemployment had eased. “This is a remarkable historical event, one that challenges 25 years of failed policies,â€

Originally Posted by roundabout

Hylander, with a post like that you could sink ships............really big ships.

Given,

The Road Less Traveled: Saying No to the IMF

Standing up to the IMF is not a well-worn path, but Argentina forged the trail. In the face of dire predictions that the economy would collapse without foreign credit, in 2001 it defied its creditors and simply walked away from its debts. By the fall of 2004, three years after a record default on a debt of more than $100 billion, the country was well on the road to recovery; and it achieved this feat without foreign help. The economy grew by 8 percent for 2 consecutive years. Exports increased, the currency was stable, investors were returning, and unemployment had eased. “This is a remarkable historical event, one that challenges 25 years of failed policies,â€

Hylander, as the above article concludes, there are alternatives. The alternatives are what I am trying to understand. How much choas? etc.