Saturday, October 1, 2011

[kitchencabinetforum] FOURTHREICHIAN DEPRESSION IS IN FULL SPEED

 

October-18 Mafia needs a coup de grace now! No more hanky-panky from October-18 Mafia! Without a deal to release an 8 billion euro tranche of an EU bailout, massively indebted October-18 Mafia will run out of money to pay state wage bills on October 18, the first anniversary of its terror!

Fourthreichian monetary unification is the Trojan horse for overall harmonization of economic rules, policies, and laws in Fourth Reich. Any eurozone problem is interpreted as a consequence of the lack of harmonization and leads to another wave of a creeping harmonization. Fuehrer Merkozy frequently declares that coordinating tax policies and labor laws is not just about currency issues but also about political cooperation, which has to be deepened. In other words, more enslavement to Brussels, transforming the confederation to a federation!

We will never forget October 18, 2010, the most disgusting terror of Greek government! Myriad bloggers, netizens, bankers, traders, and investors have joined the global boycott against October-18 Mafia, government of Greece, penalizing it for its terror on October 18, 2010. The boycott will stop only when October-18 Mafia apologizes for this disgusting terror.

Eurokleptocracy, gigaregulation, Antitrust Armageddon, and gigataxation, especially VAT, are the real causes of the European financial meltdown. Fourth Reich(EU), an unvoted illegal confederation, cannot protect Europeans from Eurokleptocrats, especially Graecokleptocrats, and police brutes, especially Graecocybercops. Fuehrer Merkozy condones the disgusting Graecokleptocrats who accuse dissident bloggers of treason, confiscate their computers, and lock them is jail! http://venitism.blogspot.com

Nobody trusts a government that committed the October-18 terror. European officials are scrambling to avert a default of October-18 Mafia, which could wreck the balance sheets of European banks. The Fourth Reich bailout of the Cradle of Kleptocracy cannot succeed, because the October-18 Mafia continues corruption, Kangaroo Justice, marilizardism, Marilizard Libel, Marilizard Spaghetti, and Marilizard Towers.

The freakish October-18 mafia, government of Greece, robs computers and terrorizes the blogosphere with charge stacking! Why on Earth Fuehrer Merkozy, Durao Barroso, Neelie Kroes, Viviane Reding, and Cecilia Malmstroem of the European Commission cannot rein in Graecokleptocrats? If Fourth Reich cannot protect Greeks from October-18 mafiosi, who will?

Greek dissident bloggers want back their stolen computers, their stolen files, their stolen personal data, and their stolen lives. Restitution is a basic right in a civil society. Brutal Graecocybercops should be abolished now.

There is a cyberspace Armageddon between bloggers and October-18 Mafia. October-18 Mafia is the most disgusting predator of internet on Earth! Civil society was shocked by the brutality and stupidity of the October-18 2010 terror, initiated by the government of Greece. That's why October-18 Mafia is the new name of the government of Greece!

Global Tax Revolt promotes an international boycott of October-18 Mafia. Troika returned this week after getting written assurances from October-18 Mafia that it would implement promised measures. Christine Lagarde of IMF has made it absolutely clear she does not trust Graecokleptocrats, because they never apply what they vote in the Grand Brothel on Syntagma Square!

October-18 2010 terror is the butterfly that started the new global depression. To secure the next tranche of bailout loans, October-18 Mafia has promised to impose tax hikes, slash public sector wages by an average of 20 percent and reduce the number of state workers by a fifth by 2015.

Helping October-18 Mafia is taxpayers' hard-earned money blown out in the wind! October-18 Mafia has promised to start layoffs by putting 30,000 state workers in a reserve by the end of this year. Workers in the reserve would be paid 60 percent of their salaries for a year and then be dismissed if they cannot find new jobs.

October-18 Mafia is the death cross of Greek treasury bonds. Troika is very disappointed with progress in talks on the plan so far. Global Tax Revolt was the first organization to report the October-18 2010 terror to all banks, hedge funds, big investors, traders, and analysts. As a result, the yields of Greek treasury bonds skyrocketted, as no prudent investor was willing to touch them. Marilizard's stupidity cost October-18 Mafia, government of Greece, many billions of euros! The only thing October-18 Mafia got out of this terror is toilet paper in the form of worthless Greek treasury bonds!

October-18 Mafia has created a liquidity black hole for all Greek investments. October-18 Mafia has yet to give details about how it would decide which workers would be shunted into the reserve. Troika is worried that only older workers already near pension age would go into reserve, effectively turning it into an early retirement!

Don't be fooled by any bounce of the October-18 Mafia dead cat. October-18 Mafia will reach a decision on the reserve plan at a cabinet meeting on Sunday, when it will also discuss the budget for next year. The Greek debt differs from that of other nations, because it's not due to spending, but stealing!

Graecokleptocrats got huge kickbacks from overpriced purchases of public equipment and contracts and by churning the state insurance funds. If this is not robbing, what is it? When politicians of other nations were trying to do things for their citizens, Graecokleptocrats were trying to fatten their secret offshore accounts, protected by parliamentary immunity.

That's why the Greek workers are on strike. They resent paying the huge Greek debt created by Graecokleptocrats. It's not fair to tax and reduce the salaries and benefits of workers to make up for the money stolen by Graecokleptocrats. The fairest action would be for Graecokleptocrats to return the stolen money back to the Greek treasury. Many Graecokleptocrats live like princes of Saudi Arabia! Enough is enough, bring the money back! http://venitism.blogspot.com

Never catch a falling October-18 Mafia knife. The October-18 Mafia contagion has spread and policymakers should assess the bloc's preparedness for a coordinated bankruptcy of October-18 Mafia. October-18 Mafia's austerity program is already hopelessly behind schedule, in terms of both the sale of government property and the agreed reforms. It's like dealing with children that constantly have to be told to clean up their rooms. Troika members are very angry. Everyone is irritated over the lack of progress of October-18 Mafia.

Quo vadis October-18 Mafia? The Troika report in two weekd should be the basis for a clear assessment whether October-18 Mafia's position is sustainable, or whether bankruptcy and a 50% haircut of the debt are inevitable. In case the situation of October-18 Mafia is not sustainable, the first immediate step will be a 50% haircut. Fourth Reich speeds up the European Stability Mechanism (ESM) to cushion the contagion of October-18 Mafia's imminent bankruptcy.

October-18 Mafia has created a misery archipelago. The bailout for the Cradle of Kleptocracy is taxpayers' hard-earned money blown out with the wind, because the October-18 Mafia continues corruption, squander, marilizardism, incivility, stupidity, charge stacking, and junketing. This stupid bailout violates the basic rule of investing, cutting losses short. http://venitism.blogspot.com

The euro had its worst quarter against the dollar and the yen in more than a year as concern increased European leaders won't be able to contain the October-18 Mafia's debt crisis. There is only one solution to the dilemma faced by the Greek government over its inability to borrow more money. Shut it down!

Debt ceiling or no debt ceiling, deficit or no deficit, all of stupid ministries, agencies, boards, commissions, authorities, bureaus, divisions, services, administrations, and programs should be shut down. This is not complicated!

Fuehrer Merkozy knows that only imprudent investors would squander their money for October-18 Mafia. Euro slumped against the dollar even as Standard & Poor's cut its U.S. debt rating and as the Federal Reserve set further economic stimulus. The yen rose against all of its 16 major counterparts as the global economy slowed and investors sought refuge. The Swiss franc pared a gain against the euro after the nation's central bank imposed a currency ceiling. ECB will cut interest rates in five days.

The world turned upside down on October 18, 2010. The twin stories driving the markets are still the bankruptcy fo October-18 Mafia and fears of a global depression. Markets are very cautious and risk-averse and that's helping the dollar and other safe-haven currencies. The euro dropped 7.7 percent to $1.3387, from $1.4502 on June 30. Euro weakened 11.7 percent to 103.12 yen, from 116.84, and touched 101.94 on Sept. 26, the weakest level since June 2001.

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