Professor Kerber ‘The Euro Will Fail’

David Rockefeller 3rd.  His Father Made A Packet Out Of The Last Crash In 1929.

Professor Kerber is right.  But when will it fail?  The rules that state that bank bondholders will have to accept losses won’t be introduced until 2012.  If we are going to witness a controlled demolition of the Euro, and the world’s financial system, it appears that the event is being scheduled for 2012, and not 2011.

While the Fed and the ECB are politically able to keep issuing electronic money in return for worthless pieces of paper, they will.  Only when the Quantitative Easing and Bailouts game is up, will the real value of everything become apparent.  High debts will first deflate the world’s economy and then later possibly inflate.  But first the debt game balloons on.

Those on the inside will be salting away their cash, hoping to clean up when the crash is finally let loose upon an unsuspecting world.  As in 1929 bank bailouts will suddenly stop.  At that moment insiders will be ready to grab the world’s best assets for a sixpence.

The Euro will be demolished, but its purpose of bankrupting a continent, ánd much of the rest of the world, will have been achieved.  Some very rich people intend to become one helluva lot richer, while the majority of the world’s citizens will see their wealth wiped out.

Open Europe – Speaking in Brussels at an Open Europe seminar yesterday, German Professor Markus Kerber, the initiator of a lawsuit at the German Constitutional Court against the Greek and Irish bail-outs, criticised the European Central Bank’s policy of buying government bonds. He said that “if the ECB keeps on buying worthless government bonds, it will become a bad bank” and called for the European Court of Justice to restrain it.
On his lawsuit, he commented that the bail-outs were a “cardinal violation of EMU rules”. He explained that “in the German Parliament, a majority has approved the bail-out, but a constitutional majority was needed. That is our most manifest argument: that the fundamental veto right of the German Parliament has been ignored by the German government. Unless the German Constitutional Court ignores its own rulings it will agree.”
He referred to the Maastricht ruling by the German judges, arguing that it stated that “the German government is allowed to abandon its own currency, but only under the condition that the new currency will be as stable as the D-Mark. If that is not the case, the German government has the duty to leave the monetary union, it is explicitly stated.”

Peter Oborne finds the French Premier totally upbeat about the Euro’s survival –
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4 Responses to “Professor Kerber ‘The Euro Will Fail’”

  1. Twig says:

    I suppose gold is the best protection against devaluation of currencies. Or is it real estate?

  2. theyenguy says:

    German Professor Markus Kerber is indeed the initiator of a lawsuit at the German Constitutional Court against the bailouts of Greece and Ireland.

    But his efforts and other efforts to uphold constiutional law will fail as Bible Prophecy of Revelation 13:3, revels that out of Götterdämmerung, that is an investment flameout, that a leader, a Sovereign, Revelation 13:5-10, and a banker, a Seignior, Revelation 13:11-18, will rise to establish order.

    The Seignior, an Old English word meaning top dog banker who takes a cut, will ascend to provide credit and moneyness.

    Markus Kerber and other constitutinalists and libertarians may protest, but, according to bible prophecy, the Sovereign’s and the Seignior’s word, will and way will be the law of the land; these will supercede constitutional law and traditional rule of law that comes with national sovereignty.

    Christian Believers Assembly in article The Stunning Revival of the New Roman Empire, writes: Ireland, Greece, Spain and Portugal has just seen the murder of their democracy and rights as a country as EU budget and commission has imposed stringent economic and fiscal rules over their country bypassing the laws of the countries. As it played out, we have seen how the EU parliament has imposed strict budget rules over a sovereign country, Ireland which will be forever be in debt to European, United Kingdom and IMF leaders.

    Perhaps Herman Van Rompuy will rise to be The Sovereign of Revelation 13:5-10, as the Afteramerica website relates that he has called for global governance: nation states are dead … The EU chief relates the belief that countries can stand alone, is a ‘lie and an illusion!’

    Perhaps Tony Blair, because of his business connections, will rise to be The Seignior of Revelation 13:11-18 … Or perhaps the Seignior will be Olli Rehn, one known for calling for calm as related by Ambrose Evans Pritchard in article Telegraph article Greek Rescue Frays as Irish Crisis Drags On … Or perhaps the Seignior will be Jean-Claude Trichet as the ECB leader has received the Charlemagne Prize.

    All seigniorage will come and go through The Seignior: all sovereign wealth funds, and banks will report to him, as there will be unified regulation of banking globally as referred to, in the James Politi and Gillian Tett Financial Times article, NY Fed Chief Timothy Geithner In Push For Global Bank Framework.

    Soon there will be no national seigniorage anywhere as sovereign debt interest rates will explode to the point where there will be no buyers. This is already the case for Portugal, Italy, Ireland, Greece and Spain, as they have lost their debt sovereignty, that is their seigniorage authority. Their fiscal needs are now provided for by the ECB which buys their bond issues, as well as debt from their banks. The ECB is the sole lender to these nations. Currently the ECB is The European Seignior.

    Sovereign nations and their constitutions will be history, as principles of global governance working through regional economic and security pacts and leaders’ agreements will serve as the basis for regional currencies or a global currency.

    The Seignior’s financial and economic power will complement the military and political power of the Sovereign; and between the two they own the world “lock, stock and barrel”.

    After Götterdämmerung strikes, Bible prophecy foretells in Revelation 13:4, that this apparent wound to fiscal seigniorage and credit seigniorage will be healed, and that the people will be amazed and follow after the beast, meaning that people will give allegiance to global governance, as all vestiges of national sovereignty is swept away. The people of Ireland as well as all in the Eurozone will be giving commitment to European economic governance where fiscal sovereignty comes from Brussels or other major political center.

    • Anonymous says:

      Guys like you are why people mock the bible and christians. That scripture refers to the anti-Christ, not just some banker type and we’re nowhere near the anti-Christ yet, we haven’t even gone through the seals or trumpets yet.

      Learn to read objectively rather than hearing what you want to hear, fool.

  3. Tapestry says:

    Tell that to Gerry Adams.

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