Georgi Stankov, July 6, 2015
The current unanimity in opinions on how the ultimate global crash of the Orion monetary system will unfold documents in a most convincing manner that we are on the verge of this historic event. This kind of unanimity was not possible only a year ago. Now all competent (not bought by the dark cabal) experts and observers agree that the gargantuan debt bubble (or financial black hole), on which the current Orion economy has been built, has finally burst, as it can never be repaid. A massive credit and cash crunch will follow very soon that will paralyse the western economies and will cause their sudden default and collapse.
I have been talking about this scenario as early as 1997 and in 1999 I published an economic survey that predicted exactly this scenario for the End Times on the Internet. At that time the people considered me crazy. This is the invariant destiny of all true prophets on this toxic planets populated by zombies.
For instance, the famous German speaker of the Left Party Gregor Gysi predicted as early as 1998, three years before the euro was introduced, its ultimate crash in a speech in the Bundestag (German parliament). His main argument was that the unification of all European peoples on the conditions of the banksters and the monopolistic capitalist corporations will not be stable and viable as it would only lead to the impoverishment of the masses and will engender more social inequality and discontent. He also predicted that the decision to introduce the euro without any democratic referendum is a breach with the founding principle of democracy on which the new European Union should be based and that this democracy deficit will whiplash at some point in time in the future as we now see with Greece:
Gysi: You cannot unite a whole continent with money
At that time Gysi was ridiculed as a weird, stupid Ossi (East German) communist. He is still a member of the parliament and now the attitude towards him is much more sober and based on respect. This was recently acknowledged also by the German MSM:
Damals wurde er verhöhnt: Gysi sagte Euro-Crash präzise voraus
If you now take the experts’ reaction on the Greek crisis that revealed the true nature of the Draconian Orion monetary system, then you have a very precise instrument to gauge the paradigm shift that has occurred in the last 15-20 years, notwithstanding the massive zombification of all western populations. This observation should wipe out any doubt as to how quickly we now advance in the awakening of humanity prior to our ascension. Being not only the light warriors of the first hour, but also of the last hour, we are here to shape the destiny of humanity to the very last moment. And we can only be the main protagonists in this drama – the creators of the End Time scenario – if we know exactly the plot and when what will happen. The signs have always been there, one must only know how to properly read and play with them.
This is what I have done unwaveringly for the last 20 plus years, actually my whole life. And I have had many headwinds. To paraphrase Yanis Varoufakis, “I wear the dark cabal’s loathing of my ideas with pride” and lately with a growing satisfaction, seeing how all my economic ideas and prophecies have now been fully incorporated into the minds of the critical, though still agnostic, economic experts worldwide.
This is a true intellectual revolution and with the pace, with which it now unfolds, we shall experience very soon that also all scientists will embrace the new tenets of the General Theory of Science of the Universal Law. The imminent breakthrough of the Universal Law, most probably in Europe, will mark the peak in the paradigm shift of this human civilisation before it can move to the new upper 4D worlds and even higher.
The Next Derivatives Implosion Just Started in Europe
Phoenix Capital Research, July 6, 2015
For over 30 years, sovereign nations, particularly in the West have been buying votes by offering social payments in the form of welfare, Medicare, social security, and the like.
When actual bills came due to fund this stuff, Governments quickly discovered that current tax revenues couldn’t cover it (see the image below)… so they issued sovereign debt to make up the difference.
And so the global bond bubble was created.
As far back as 2009, most Western nations were completely bankrupt when you consider unfunded liabilities from their social policies. But Central Banks did everything they could to paper of this fact by soaking up as much bond issuance as possible while simultaneously maintaining zero interest rates.
Throughout history, Central Banks have tried to inflate away debts for as long as possible. They do this right up until:
1) The debt loads are impossible to manage, or…
2) It becomes politically unsavory to print more money… or
3) The System implodes.
Greece has passed #2 and is on its way #3.
As the above chart shows, Greece has always been the worst offender as far as excessive social programs spending relative to tax revenue. And so it was not surprising that Greece was the first nation to enter a sovereign debt crisis back in 2009/2010.
Since that time Greece has experienced multiple bailouts/ interventions from the ECB and IMF. The only reason it did this rather than default or engaging in a formal debt restructuring was because Greece’s political elites were able to cobble together enough political capital/votes to force it through.
Greece has just defaulted on its debts to the IMF. It’s now asking for a debt haircut. The IMF is open to this, but the EU is terrified because, as the above chart shows, there are other much larger EU countries with massive debt problems waiting in the wings.
Greece is not the real issue for Europe. The entire Greek debt market is about €345 billion in size. So we’re not talking about a massive amount of collateral… though the turmoil this country has caused in the last three years gives a sense of the importance of the issue.
Spain has over $1.0 trillion in debt outstanding… and Italy has €2.6 trillion.These bonds are back stopping tens of trillions of Euros’ worth of derivatives trades. A haircut on them would trigger systemic failure in Europe.
And this is just the beginning.
Globally the bond bubble is over $100 trillion in size. The derivatives based on this bubble exceed $555 trillion. So when sovereign debt restructurings begins the real crisis (the one to which 2008 was just the warm up) will begin.
Greece will be first, followed by the rest of the PIIGS in Europe. Japan is also on the block as will be the UK and ultimately the US.