Sunday, September 30, 2012

EC-ECB-IMF Withholding Economic Data to Help Obama's Reelection

I found this article buried deep on Reuters. Excerpts below:
Troika report on Greece may come after U.S. vote
      BRUSSELS, Sept 21 (Reuters) - An EU-IMF report into whether Greece's debt is manageable looks set to be delayed until after Nov. 6 because policymakers want to avoid any shock to the global economy before the U.S. election, EU officials and diplomats say.

     The report by the 'troika' of Greece's foreign lenders -- the European Commission, European Central Bank and International Monetary Fund -- was expected during October, possibly before a meeting of eurozone finance ministers on Oct. 8....
     "The Obama administration doesn't want anything on a macroeconomic scale that is going to rock the global economy before Nov. 6," a senior EU official told Reuters, adding that previous troika reports had also slipped.
     "As far as European leaders are concerned, they don't want Romney, so they're probably willing to do anything to help Obama's chances," said the source, an EU official involved in finding solutions to the debt crisis.
Obama and Socialist French President Hollande

What this means:
The EC, the ECB and the IMF are attempting to directly affect the US elections.  This is a huge concern in itself.  Why do they care?  Well, Obama constantly bails out their unsustainable socialist economies with billions of US taxpayer dollars, and he is presiding over a wholesale destruction of US power and prestige in the world, making the Europeans stronger in comparison.  Also, they share a philosophy and agenda with Obama for a new socialist world of forced equality.  Obama is not good for the US, but he is great for Europe.

The report on whether Greece's debt is manageable is evidently going to be very negative.  I expect that Greece will require further restructuring,  which will likely force the breakup of the Euro zone in domino fashion over the next couple of years.  This default will have immediate effects on the world economy.  I have always said, ever since the 2008 economic crisis began, that the next crisis would involve sovereign debt (in Alinsky-Cloward-Piven fashion, where the solutions to one crisis engender the next).
And what is next after that?  The world currency crisis.  Socialism only works until you run out of other people's money.  We are now entering that stage.  Next, governments will do everything they can to keep their economies going and avoid default.  And that means rampant inflation -- or more likely stagflation.
You can't break economic laws with impunity.  Eventually you have to pay for all the free Obamaphones. (See below for Obamaphone video.)
Read the whole article at Reuters here


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