The Banksters are Pushing for a World Economic Government under Their Direct Control to Solve the Financial Crisis They Created

Planned Takedown of the Financial System

Overloads of Chaos
2011

Radio host Pat Campbell:

"Somebody in D.C. was feeding you guys quite a story prior to the bailout, a story that if we didn't do this we were going to see something on the scale of the depression, there were people talking about martial law being instituted, civil unrest …. who was feeding you guys this stuff?"

Senator James Inhofe:

"That's Henry Paulson. We had a conference call early on, it was on a Friday I think – a week and half before the vote on Oct. 1. So it would have been the middle … what was it – the 19th of September, we had a conference call. In this conference call – and I guess there's no reason for me not to repeat what he said, but he said – he painted this picture you just described. He said, 'This is serious. This is the most serious thing that we faced.'"

Senator James Inhofe, speaking on Tulsa Oklahoma's 1170 KFAQ, identifying when Treasury Secretary Henry Paulson as the source behind threats of martial law and civil unrest if the "banker bailout bill" failed (24th January 2009):

"City Minister Paul Myners disclosed that on Friday, October 10, 2008 Britain was 'very close' to a complete banking collapse after 'major depositors' attempted to withdraw their money en masse. Both Royal Bank of Scotland and HBOS were nearing complete collapse — but Lord Myners, who built up his fortune during a long career in the City, said the problems ran far wider. 'There were two or three hours when things felt very bad, nervous and fragile ... Major depositors were trying to withdraw — and willing to pay penalties for early withdrawal — from a number of large banks.' ... The Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block hole-in-the-wall [ATM] cash withdrawals. If the moves had failed, [Gordon] Brown would have been forced to announce that the Government was nationalising the entire financial system and guaranteeing all deposits. Only frantic behind-the-scenes efforts averted financial meltdown." - Mail on Sunday: article entitled "Revealed: Day the banks were just three hours from collapse."

Bertolt Brecht (1898-1956) German German dramatist and poet:

"It is easier to rob by setting up a bank, than by holding up a bank clerk."

The last quarter of 2008 was a shock to those who do not understand the nature of the world in which they live. In 2008:

• People saw £30 trillion wiped off the value of the world's stock markets as huge financial organisations collapsed and their net worth destroyed.


• People saw the ability of big global banks to conduct normal business and make market-moving loans severely curtailed.


• People saw the housing and commodity bubbles pop, the stock markets crash and pensions funds siphoned of their value.


• People witnessed the world's central banks rush to save struggling banks by pledging trillions of taxpayers' dollars, pounds, euros and yen thereby allowing the reckless and profligate banks to remain somewhat solvent and stay in business.

They witnessed all these and yet the majority of people do not understand the reasons for it or the true architects of it.

Most people do not have the slightest idea of the significance of the vast sums being pledged, lent, spent or squandered in their name by their governments. The so-called "credit crunch" and the massive banker bailout has reduced most people to silence since they find the implications and ramifications beyond their comprehension.

The crises does not directly imperil their well-being or personal safety: no bombs, metaphorically speaking, are falling. Shoppers still pack suburban malls, revelers still throng the pubs and night-clubs, cars crowd motorways and passengers jam airports. Thus far only abstract statistics reveal the bad news. The dire implications have yet to work through into real life.

• There is a depressing and increasing sub-group of giggling ignoramuses that revel in their ignorance who have no grasp of reality and to whom such things are as remote as the planet Pluto.


• There is another larger group that knows that something is amiss but are too distracted by their everyday struggle of existence and too indoctrinated by the mass media to bother to search out the true nature of the events unfolding before their eyes.

In other words, the vast majority are truly ignorant about the greatest issue of modern times. An overwhelming public mood of fatalism exists but one devoid of righteous anger: the dire consequences have not literally reach home. In the short term, this wholesale public ignorance helps the incumbent political parties. For, electorates are always grateful for any government action — however wrong — that promises to stave off immediate pain: job losses, bankruptcies, factory closures etc.

The financial meltdown has yielded a flood of global figures that makes proper understanding of what is involved very difficult. Especially difficult for the ordinary, put-upon taxpayer burdened with the enormous debt wantonly created by their spendthrift politicians. For instance, the execrable Gordon Brown Government's October 2008 bailout of British banks was a staggering £500bn (more than one-third of UK GDP); supposedly made available to the banks to "kick-start lending." The even more execrable Bush Government pledged an eye-watering 8.5 Trillion dollars of US taxpayers hard earned money to bailout American banks ... staggering sums and all without proper accountability or oversight.

Every conceivable incentive is being offered to the banks to expand lending, at stupefying cost to the taxpayer, yet the banks still will not oblige. They refuse to lend in sufficient amounts; and have even in the first days of the new year every major bank has announced that they expect to reduce lending in the first quarter of 2009.

Most people think this banker bailout using taxpayer funds came with a quid pro quo in that banks maintain lending to businesses and homeowners at 2007 levels. It is not true. Banks are not willingly to increase lending nor are they compelled by governments to do so.

This begs the question, 'What is really going on?'

Is it merely a question of greedy and incompetent bankers hoovering up as much Treasury largesse and taxpayer's grace as possible and using the obscene amounts to not only prop up their precarious balance sheets but also pay themselves their even more obscene bonuses? Moreover, is it simply a matter of survival: are the potentates of the Speculative Economy (at whose heart is the banks) using the resources of the Real Economy (manufacturing, commerce and trade) to save themselves from destruction?

Are the oligarchs of the Speculative Economy (the Banksters) — despite the crash they have now visited on the Real Economy and despite the eye-watering mountains of taxpayers' aid they have absorbed — still determined to save themselves, and not the businesses and individuals they supposedly exist to serve? Are the Financial Oligarchs determined to sacrifice the Real Economy for their own selfish ends? Or, is this Financial Meltdown of the West an integral part of a dark, sinister agenda known by a select few? Part of an Ancient Evil Agenda for World Government?

People ignorant of the Ancient Evil Agenda for World Government witnessed huge convulsions in the world economy, several times nearly crashing to the ground, and still were unknowing of the true nature and reason for this. They do not know that the Financial Meltdown of the West and the wholesale de-industrialisation of the Western World are long-planned prerequisites for World Government. The Feudal Fascist World State under the direct and absolute control of the Invisible Money Power, the Power Elite, known to those who have a sound understand of the phenomenon as the Synagogue of Satan.

"The lack of confidence is total ... The inter-bank [lending] market is not functioning and this is generating vicious cycles: consumers are not consuming, businessmen are not taking on workers, investors are not investing and the banks are not lending ... There is an almost total paralysis from which no-one is escaping ... This is the worst financial crisis since the Great Depression." - Miguel Angel Fernandez Ordonez, governor of the Bank of Spain, said in an interview with Spain's El Pais 21.12.2008

"Marxism also had a goal, and it, too, has a constructive activity even if it is only to erect a despotism of international world Jewish finance" - Adolf Hitler, Mein Kampf, p. 453.

During the financial convulsions, massive propaganda was spewed out by the controlled mainstream media that persuaded the unwitting and unwary that the "sub-prime mortgage market" caused a "credit crunch" that caused the Interbank Markets to freeze up that brought about the turmoil. Further, that the pledging of trillions of taxpayer dollars was necessary to "save the world." Necessary, so the propagandists warned, to "jump-start" the crucial inter-bank money markets that froze after the US high-risk, "sub-prime mortgage market" collapsed in mid 2007, which locked even tighter after the US investment bank Lehman Brothers declared bankruptcy in September 2008.

Thus, the credit markets froze, we are told, because of two primary causes: one, collapsing consumer purchasing power; and two, collapse in confidence that all and every bank are able to repay any and all loans.

Regarding the first: Individuals can no longer get loans because they can not afford to repay them and businesses can not get loans because consumer income is insufficient to buy their products.

Regarding the second: Banks have made mega-bets with one another through complicated instruments such as derivatives, credit-default swaps, and so forth.

With these exotic credit instruments one party paid another if certain events happen or conditions were met; for example, if gold plummeted in value or if the dollar soared or a financial institution went bankrupt. Such instruments were supposedly created to help manage risk, to spread large risks around, however, they can also be used to gamble. Hence, if one felt confident that the dollar was going to fall, one could make a big bet accordingly, and if the dollar indeed fell, your profits would soar. Unfortunately, if the contrary happened and the dollar rose in value the loses were very significant indeed.

The great problem is that in a global financial meltdown, such complicated intertwining of bets of great magnitude bring great fear and uncertainty such that no one could be sure of the financial position of anyone else — or even of one's own position.

Thus, the widespread belief that the "bankers" who have got the world into this mess are merely greedy, grasping Shylocks and hardcore gamblers totally unconcerned with the devastating consequences of their actions. Thus, people who have no true understanding of the problem think it is purely a manifestation of the "evils of Capitalism": that naked greed and rampant corruption are the natural consequences of an economic system based upon private ownership of capital.

That unfettered, free-market capitalism is the main culprit with political corruption playing a minor role in the financial crisis. In short: widespread criminality, corruption and calamity are natural consequences of a society governed by an iniquitous political system and funded by a financial system run like a giant Ponzi scheme.

Thus, for example, David Nason, New York correspondent for The Australian echoed the prejudiced view of those who know nothing of market processes or the Dark Forces manipulating them when he wrote that:

"The unfolding financial crisis continues to illuminate the idiocies of deregulated, anything-goes capitalism [that is the result of] 30 years of free market foolishness." - ("US needs to stand up to hedge funds," 27 October 2008).

Free Market critics such as Nason are not only ignorant of economic principles but also equally ignorant of economic history and the history of economic thought. He is also ignorant of the true nature of the World Financial System, who controls it and their ultimate aim. Yet, it is such critics who are allowed to shape public opinion and prejudice it against the Free Market.

Hence the public dichotomy: Libertarians and free marketeers versus the Marxist.

The first instinctively understand that government is part of the problem, not the solution. Moreover, that the "magic" of the marketplace, the enigmatic deeds of the Hidden Hand of the Free Markets, is the best guardian and not Big Government.

The second, the Marxists and other critics of Free Enterprise, argue that this Free Market magic is illusory. That greed, crony capitalism and vested interest distorts and corrupts and the only solution is benign, rational government intervention and regulation of the markets.

While the first instinctively understand that Government is the enemy of the freedom and the private sector, the second regard Government, the bigger the better, as a not only their partner but their essential guardian.

But this dichotomy is merely another manifestation of the Dialectic Process used by the Satanic social engineers behind the World Revolutionary Movement for World Government. And in this context it is a dialectic founded upon a fiction: the Myth of the Free Market.

There is no such thing as the Free Market. Even at the beginning of the Modern Age with the advent of the Industrial Age and Mercantilism, Government has sought to control trade and markets. An impulse to control that took on a more sinister and far more dangerous form when the Secret Group sitting enthroned at the head of the Dark Empire of the Secret Societies (the Occult Hierarchy) moved to gain control of the entire world financial system by controlling the credit of nations via the Central Banks.

Why? Because, for them to consummate their five-thousand-year old Luciferian Agenda for World Government, the Secret Masters of the Dark Empire of Secret Societies needed to CONTROL everything necessary to achieve their goal. They needed CONTROL of everything that could be used to socially engineer Western Christian Civilisation into oblivion. And the most potent means to engineer the destruction of Western Christian Civilisation was to CONTROL the financial system: to CONTROL the credit of the Western nations. Thus, the centuries-long agenda orchestrated by the Secret Group to gain CONTROL of the financial system.

Put differently: the laissez-faire economy, the so-called "Free Markets," do not exist and have not existed ever since the time the Secret Group achieved a coup d'état by getting the governments and the people to accept the Central Banks as the guardians of their credit. Such that the Secret Group — the Invisible Money Power — and their faithful lackeys (oft called the Global or Power Elite) now constitute the de facto Shadow Government of the World: a Parallel Government that circumvents every check and balance of accountable government. A situation described by an insider thus:

"[The ultimate aim of the Invisible Money Power is] nothing less than [the creation of] a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole ... controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences." - Carol Quigley

The usual explanation of the depressing sight of politicians (ever profligate with taxpayers' money) throwing good money after bad is that they, like addicted gamblers, willingly squander future generations' inheritance for their immediate political gain. There is, of course, truth in this. However, in the present situation this is not the ultimate reason why politicians are spending trillions they do not have: why they are planning to add trillions to the debt mountain, without allowing for the natural forces of the ailing free market economy to balance themselves.

There is a sinister and more substantive reason behind the $trillions of dollars, pounds, euros and yens in planned bailouts, loans and guarantees supposedly to prop up failing banks and "provide a significant boost to economic activity." The true nature of the phenomenon is thus concealed by a false reality.

The false reality is this: That debt crisis that first appeared in the US "subprime mortgage market" accelerated and precipitated a Wall Street meltdown that hammered down the American economy into its sharpest decline since the Great Depression: a financial meltdown, which has now spread to the entire world and driving the economies of Western Europe and Japan into an unprecedented tailspin.

In short: the spiraling out of control "credit crunch" is setting the stage for a global depression of epic dimensions. Moreover, a global financial meltdown that threatens the economic and political stability of the Arab Oil States, Russia, China, Brazil and several emerging market nations. As halting production stalls on assembly lines due to decline in foreign demand for goods, unemployment surges and massive amounts of foreign capital flees these countries for safer havens.

Although these things are indeed occurring, their root cause was not the "subprime mortgage market" induced "credit crunch." It is far more complex and sinister than that. The "subprime mortgage market" induced "credit crunch" is smoke and mirrors to conceal the true source of the phenomenon: to conceal the dark actors involved in the sinister drama. To divert attention away from the Secret Group — the Invisible Money Power — that has the world financial system in its Satanic grip and is deliberately taking it down.

The Secret Group that has been carrying out a secret plan for world domination and is making its final power moves. The Secret Group that is orchestrating the last stages of an Ancient Secret Plan to plunge the world into total chaos and Total Global War out of which they plan to erect their New World Order.

In other words, we are in the ENDGAME of the Globalist Agenda when the finishing touches to the Global Gulag are being made. When the mask begins to slip off the New World Order Agenda revealing its true, dark Satanic nature for all who have eyes to see. And key aspects of this unfolding nightmare is the engineered economic collapse of the world economy, the Financial Elite's take-over of the world's financial system and its wholesale looting of the world.

"Capital must protect itself in every way ... Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principal men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd." - Civil Servant's Year Book, The Organizer (1934)

"Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security. [Potential causes civil unrest includes another terrorist attack] unforeseen economic collapse, loss of functioning political and legal order, purposeful domestic resistance or insurgency, pervasive public health emergencies, and catastrophic natural and human disasters ... these conditions and at their most violent extreme civilian authorities, on advice of the defense establishment, would need to rapidly determine the parameters defining the legitimate use of military force inside the United States." - US Army War College report entitled "Known Unknowns: Unconventional 'Strategic Shocks' in Defense Strategy Development" detailing how economic collapse, terrorism and loss of legal order are among possible domestic shocks that might require military action within the US

Those with a less superficial understanding of the global financial meltdown know that it is not the Capitalist system per se at fault but a clique of men at its highest level who have set up a global criminal enterprise to fleece the people of the world by exploiting human greed. Moreover, who understand that with the founding of the Central Banks a veritable 'State within the State' has evolved. That a Parallel Government exists and is beyond all checks and balances of accountable government. That is, an Invisible Government, a Shadow Government, which has its hands on every lever of power. In short:

• A Shadow Government that has usurped not only the executive power of the United States of America founded as a Republic on Christian Principles but also the governments of the Western World.
• A Shadow Government that now controls the governments of the Western World and beyond.
• A Shadow Government that is a criminal enterprise: a corrupt, self-financing criminal organisation, protected by Statute, which is permanently engaged in every reprehensible and vicious activity that depraved humanity can invent.
• A Shadow Government whose every act not only clashes daily with the Rule of Law and Proper Government but also with Natural Moral Order itself.
• A Shadow Government that breaks all and any laws and is a parody of Proper Government and the concept of the Rule of Law.

However, those who truly understand the way of the world know that although this Shadow Government is a veritable Kleptocracy it is not simply a criminal enterprise set up by sophisticated gangsters engaged in petty personal aggrandisement. Nor is it simply a criminal alliance between International Usurers and deluded, traitorous operatives and lackeys within the corrupted structures of Western Governments and their intelligence agencies. It is far, far more dangerous than this.

Those who truly understand the way of the world know that under orders from the Shadow Government an international gang of elite criminals and their corrupted, conspiring lackeys in the political class and banking sector have been ransacking, pillaging and stealing every financial balance they can lay their hands on with apparent impunity.

This Secret Group of arch-criminals are the Invisible Money Power often called the Illuminati and people like Greenspan, Bernanke, Bush, Blair, Clinton Merkel, Sarkozy and Obama are merely its public face.

These politicians and financial operatives are part of the international gang of elite criminals bringing ruin to the world. Moreover, they are apparatchiks of the Shadow Government, the Parallel Government, who slavishly work to bring about its ultimate goal: the establishment of a World Government under its direct and absolute control.

But they are also part of the agenda to bring ruin to the middle classes and to deliver the world's people into the vassalage of the coming all-powerful World Bank.

These apparatchiks are the agentur of the Illuminati, and creatures of the New World Order, and like all its creatures they are dedicated to the cause of World Government. Consequently, they and their like are dedicated to the destruction of all sovereign nations and the eradication of all human freedom and liberty from the face of the Earth.

Such things are no surprise to those people who truly understand the way of the world; those who know that an ancient conspiracy for World Government not only exists but is rapidly approaching its apogee: people who know that the Dark Force behind the Ancient Evil Agenda for World Government is near to its goal of erecting a New International Economic Order under is complete and absolute control. A situation called by those with a spiritual insight into its true nature as the Beast System. A situation the former Georgetown professor Carroll Quigley (who was the official historian of the Secret Conspiratorial Society plotting World Empire, i.e. the Round Table) described thus:

"[The ultimate aim of the Invisible Money Power is] nothing less than [the creation of] a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole ... controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences."

And crucial to this Ancient Dark Ambition of the Empire of Secret Societies for world financial domination was:

1. First, to conspire to have private corporations, the Central Banks like the Bank of England and the Federal Reserve System, get control of the monetary systems of sovereign states;


2. Second, to use this inordinate power to bring about certain conditions propitious for the establishment of World Government; and


3. Third, the planned destruction of paper currencies and the Financial Meltdown of the West as necessary events to bring about World Government.

The Banksters who want World Government under their direct control are pushing for a World Economic Government to solve the financial crisis they created. The Invisible Money Power and its minions in politics and finance have long planned to engineer a global financial and banking crises out of which they will create the machinery of world economic governance under the pretext of preventing a repeat of the global financial crisis. That is, forge "a new global financial order."

The Banksters who have plotted World Government have deliberately created the problems besetting the world: they created the inherently unstable but gloriously paper-profitable Speculative Economy founded upon fractional reserve banking, debt bubbles and credit crashes. An unreal and unsustainable creation that accrued power and wealth to a few but to the detriment of the many who live, work and prosper in the Real Economy.

They have engineered a severe deterioration within the world economy involving an almost total collapse of confidence, a fall in business investment, ruin in retail demand, an avalanche of job loss, and a spread of corporate breakdown beyond the Speculative Economy into the Real Economy.

Moreover, they have engineered the precipitous slowdown of world trade. That is, the distribution channels within the Western World are now at risk from lack of credit and trust as too are the overseas shipping channels into the West at risk from refused letters of credit.

Such distrust and uncertainty has never seen before. In other words, the entire Global Economy is collapsing ... and, reader, this Financial Meltdown of the West is by design ... as a precondition for World Government.

And, gentle reader, understand this: the wicked and evil men behind the five-thousand-year old Luciferian Conspiracy for World Government manifest as the World Revolutionary Movement and summarised in the Protocols of the Learned (Elders) of Zion are also behind the Planned Takedown of the World Financial System ...

US, EU Economies Set to Collapse

Press TV
December 10, 2011

Many experts believe that the sold out EU leaders’ failure to address the Block’s deepening financial recession may possibly end in collapse of an EU dream.

In the meantime, professionals believe that the EU leaders’ failure to deal with the core issue, which, they say, is the endless rise of unrepeatable debt, is considered the same as, digging the hole still deeper, which may, eventually lead to disintegration of the Union and put an end to its common currency.

Press TV has interviewed Rodney Shakespeare, professor of Binary Economics, from London

Following is a transcription of the interview.

Press TV: Ok, Rodney Shakespeare, let me ask you what Germany wants to do, ask German taxpayers to bailout the Euro, only if the euro countries agree to iron clad fiscal rules, which removes, euro countries budgetary powers and it commits tens of millions of people to years of austerity. Isn’t that kind of the game plan that Germany has ?

Rodney Shakespeare: the Europeans are in a hole and digging deeper, alternatively you can say, they have got their heads in the sand and their bottoms up in the air. Either way, they have now completely and utterly sold out, to Goldman Sachs and the bankers; and the result is going to be, that the people of Europe are going to lose their jobs, lower standard of living, lower pensions, more trouble, or go on for decades.

So I am afraid, that is the basic situation, and as regards to the UK, we are already ruled by the bankers who are trying to be in charge using the financial system to control everybody else. The situation is quite disgraceful, we have to throw off this global elite, and go to a new paradigm of thinking.

But at this moment there is not the slightest sign of any new thinking or addressing the underline problem, which as Max has indicated, is in fact an endless rise of unrepayable debt.

Press TV: Rodney Shakespeare, roughly, just a couple of hours back, interesting piece of news coming from an orthodox source, and that is from a US military officer, General Martin Dempsey, who has said, extraordinary concern about the viability of the Euro because of the potential for civil unrest and the breakup of the European Union.

Rodney Shakespeare: Yes , at the moment the Americans have tended to be blaming the Europeans, but of course, the Americans are just as much part of this collapsing fraudulent system as the Europeans, but he is quite right.

I think that Europe is going to collapse, and when, for example, the bonds etc are defaulted, that is going to hit the derivatives, commitments of the American banks and is going to be big, big trouble. If you look at it, if only a tiny percentage of the derivatives go wrong, three or four percents of the total might be equivalent to nearly the same as the world’s GDP.

Press TV: but how about the fact that is the American general, I am sorry to jump in, why would American General, come up with a warning like that, isn’t that signifying something there?

Rodney Shakespeare: It is signifying something, not only awareness of the overall connections, but of course what is also happening, is America in particular, incited by the Zionist entity, is going for war as a means of hiding the whole thing up.

The Americans want to blame Europe, and then when the blame comes back to them, then they’ll be going to war, that is the underlying reason, why they are heating up the tension at this moment and of course it can easily get completely out of hand.

Press TV: So, Rodney Shakespeare, is the United States and the UK, then on one side and Europe on another side? Is this breakup of Europe, from, in this case, within Europe from the UK and then with the United States?

Rodney Shakespeare: well , I think there is going to be divisions with the breakup in Europe, but it is the whole system, which is going down; a system which relies on, endlessly creating money, compound interest, and putting it for anything, except the real economy.

And since they are not going to address that, it really does not matter which way it goes, The thing is going down, and war is going to be the way they are going to hide it.

The one thing they are not going to do is to challenge the bankers, the way they should do, is in fact, to control the bankers, and then get the national banks to issue interest free loans for public capital projects, for micro credit, for environmental capital projects, for spreading the ownership in the big and medium cooperation’s, and they can use that same mechanism to get with their national debt.

But they are not going to do that, because, they are controlled by the mindset of interest and of sucking the wealth up to that one percent and they are not going to change that. Until they do, Europe has had it and ordinary people have had it, in the USA, where it is getting worse and worse, and in Europe.

Press TV:Rodney Shakespeare, I am going back to UK, and the fallout geopolitically speaking for the decision that the prime minister David Cameron has taken, I mean, they do, after all have represented, at least a portion of the contribution based on trade or what have you, so now, with this to have occurred, how are other countries supposed to react, economically speaking, in terms of financially at least, with the UK – isn’t that going to drive the UK into a deeper recession?

Rodney Shakespeare: There is a deepening recession going on right across Europe and our exports are going to be held back, and yes we are part of the whole downward turn. Just one quick point on Europe, they are now going to have decisions by completely unelected bureaucracy, with that Belgian twit Ron Frey running it all.

There is going to be huge political tensions between the people who do not want this centralization and people who are suffering the economic consequences. So I see high stress and breakup of some sort coming for Europe.