Bob Chapman on the Monetary Collapse of Babylon
May 10, 2010
Bob Chapman publishes The International Forecaster, which people can obtain by subscription. In include this information at the end of the quotation.
QUOTE BEGINS HERE: What is going on concerning sovereign debt is eventually going to bring the world financial system down. It did not just happen that way; it was planned that way.
“The annual operating shortfall is running between $4 and $5 trillion; not $500 billion as we saw before the crisis or the $1.4 trillion that they announced for fiscal 2009. Now to put that into perspective, if the government wanted to balance its deficit on a GAAP basis for a year, and it seized all personal income and corporate profits, taxing everything 100%, it would still be in deficit.” John Williams
The latest Greek tragedy continues to leave carnage in its wake. Some 30% of the intended Greek bailout financing will come from the IMF, of which US taxpayers will pay for 40%. This has been done to subsidize European countries and banks, which are holding Greek bonds. A deal obviously worked out in some back room by fellow Illuminists. Needless to say, American’s should be outraged.
The Greek populace in general probably has little intention of paying back these loans, who can blame them. The politicians and the bankers lied to them, telling them things were just fine and they were not just fine. No one told them successive governments and Goldman Sachs were cooking the books.
We do see one thing in the future and that is that the Illuminists are losing their grip on total control. The information being disbursed over the Internet and talk radio is exposing more and more of what they are up too. At least at this time things are going very badly for the elitists, especially in Greece.
These are the type of things that led up to the French Revolution in 1789, during which some 300,000 elitists lost their heads. We have mentioned these similarities a number of times, particularly on the radio. Then as now the same type of elitists ran things. Then it was a corrupt aristocracy – today it is those who believe they are the masters of the universe, and plan to give us world government. We are quite sure that the end result this time worldwide will be far more extensive. Today you can run but you cannot hide.
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