Tag Archives: g7

Benjamin Fulford: G7 helpless in the face of mathematically certain bankruptcy [full report]

The leaders of the Group of Seven Industrialized Nations or G7 are holding an emergency meeting in Germany in a futile attempt to avoid their inevitable bankruptcy. The leaders talk about Greece, the Ukraine, China, the Middle East and other matters as if somehow they are still in control. The leaders need to understand that there is a thing out there called reality and, no matter how long you try to avoid it, it has a way of catching up to you. The fact is that, with the exceptions of Canada, Japan and Germany, the G7 nations and their allied Western states have been running a deficit with the rest of the world for the past 40 years. The elephant in the room that nobody talks about is the fact the biggest debtor of all is the Corporate United States.

The rest of the world has made a collective decision to stop financing these Western governments until they stop their constant war-mongering and resource stealing. Since the rest of the world controls most of the real money (i.e. money connected to physical objects) they control the underlying reality. You can eat bread but you cannot eat derivatives or dollar bills. You can trade real things like cars or oil for rice or wheat but if you lose trust, nobody will trade your IOUs for real things. The G7 countries, especially the Corporate United States (as opposed to the Republic of the United States), have managed to postpone the inevitable with fraudulent economic data, offshore slush funds, and derivatives theoretically worth astronomical amounts.

However, no amount of zeroes added to astronomical numbers inside Western banks will make any difference so long as these zeroes have no connection to the real world.

The Chinese have insisted on payment in things, like gold, that actually exist. The American corporate government has, like a once rich junky fallen on hard times, pawned family heirlooms, borrowed from friends, stolen and lied so far to get its next fix of debt. They have stolen Iraqi oil, African gold, Japanese savings and everything else they could get their hands on. However, since real US GDP has shrunk by 21.4% since 2011, it is becoming impossible for the US Corporate government to keep paying its snowballing debts. The obvious answer is to declare bankruptcy.
The problem is

that very few people are alive today who remember the last time a European country went bankrupt. No Anglo Saxon country has gone bankrupt for a thousand years so the Americans are even less familiar with what bankruptcy really entails.

For those of us who witnessed firsthand such things as the collapse of the Japanese bubble and the bankruptcy of Argentina the future is easier to see.

Let us compare these two cases to what is happening to the G7 in order to predict the future.
In the case of Japan, the bubble burst in the years 1990-1992. The Japanese government knew as early as 1992 the bad debt total was 200 trillion yen (about $2 trillion). However, public announcements then put it at only 3 or 4 trillion yen. Company A would pass on its bad debt to company B who would pass it on to company C, each with a different accounting deadline. It was like an individual using their American Express card to pay their Visa bill and then using the Visa to pay for their MasterCard and then use their MasterCard to pay off American Express. This scam bought time.

Eventually though, a few of the worst companies were no longer able to hide their bankruptcy. I remember interviewing Kichinosuke Sasaki, president of the Togensha, one of those companies, in the late 1990’s. He was then the poorest man in the world with a net worth of minus 9 trillion yen (roughly minus $90 billion). He was wearing a silk suit that must have cost him tens of thousands of dollars when he originally bought it but it was pretty threadbare and shabby when I interviewed him. He told me he the bankers were keeping him half-alive on a miserable allowance. The bankers would not let him declare bankruptcy because that would have triggered a domino effect that would inevitably lead to the biggest Japanese banks.

In the case of Europe, Greece is playing the role of Togensha. If Greece is allowed to go bankrupt then big European banks will have to declare their Greek debt in default and thus be forced to admit they are also in default. No wonder the top managers of outfits like Deutschebank keep resigning. Nobody wants to be the captain of a sinking ship.

However, the Japanese experience with the bubble makes it very clear that postponing the inevitable just increases the total pain. The Greeks already know this because they are being forced to play the role of Mr. Sasaki, and be squeezed of everything they have so their bankers can pretend all is well. Average Greek income has fallen 40% in the past five years so that bankers can pretend they are solvent. It will only get worse until Greece declares bankruptcy.

It is much better to declare bankruptcy than to stay chained to an unpayable debt burden.

Bankruptcy need not be a bad thing. The first thing people need to understand is that finance is spiritual or psychological. If Greece goes bankrupt, people, buildings, factories, farms, beaches, houses etc. will not disappear. The only thing that will change is how people decide what to do in the future with these real world assets.

In the case of Argentina, as well as in the case of Iceland, declaring bankruptcy was a short sharp shock followed by a rapid rise in standards of living. The people were also freed from the clutches of parasitical bankers.

Of course, if Greece goes bankrupt eventually so will the rest of countries using the Euro.

Angela Merkel recently went to China and Japan to ask for money but returned empty handed.

Since there is no other source of money big enough to bail out the German backed Euro, the German financial system is thus also likely to become insolvent sooner rather than later.

The end result will be a return to the Deutschemark, the Drachma and other currencies tied to historical cultures.

Now here is something to ponder. The European Union Parliament building was deliberately built to resemble the tower of babel. You can see this visually at this link:

http://deadlinelive.info/2012/11/26/fascism-rising-eus-new-tower-of-babel/

The story of the Tower of Babel was that it eventually collapsed and all the different peoples went their separate ways. The new tower of babel was completed in 1999. The question is, where there planners who knew way back then the EU project was destined to go the way of the tower of babel?

source:

http://benjaminfulford.net/

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Benjamin Fulford: G7 helpless in the face of mathematically certain bankruptcy

The leaders of the Group of Seven Industrialized Nations or G7 are holding an emergency meeting in Germany in a futile attempt to avoid their inevitable bankruptcy. The leaders talk about Greece, the Ukraine, China, the Middle East and other matters as if somehow they are still in control. The leaders need to understand that there is a thing out there called reality and, no matter how long you try to avoid it, it has a way of catching up to you. The fact is that, with the exceptions of Canada, Japan and Germany, the G7 nations and their allied Western states have been running a deficit with the rest of the world for the past 40 years. The elephant in the room that nobody talks about is the fact the biggest debtor of all is the Corporate United States.

The rest of the world has made a collective decision to stop financing these Western governments until they stop their constant war-mongering and resource stealing. Since the rest of the world controls most of the real money (i.e. money connected to physical objects) they control the underlying reality. You can eat bread but you cannot eat derivatives or dollar bills. You can trade real things like cars or oil for rice or wheat but if you lose trust, nobody will trade your IOUs for real things. The G7 countries, especially the Corporate United States (as opposed to the Republic of the United States), have managed to postpone the inevitable with fraudulent economic data, offshore slush funds, and derivatives theoretically worth astronomical amounts.

However, no amount of zeroes added to astronomical numbers inside Western banks will make any difference so long as these zeroes have no connection to the real world.

The Chinese have insisted on payment in things, like gold, that actually exist. The American corporate government has, like a once rich junky fallen on hard times, pawned family heirlooms, borrowed from friends, stolen and lied so far to get its next fix of debt. They have stolen Iraqi oil, African gold, Japanese savings and everything else they could get their hands on. However, since real US GDP has shrunk by 21.4% since 2011, it is becoming impossible for the US Corporate government to keep paying its snowballing debts. The obvious answer is to declare bankruptcy.
The problem is…………………..

remainder will appear on Thursday…

source:

http://benjaminfulford.net/

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Benjamin Fulford: Confusion and chaos at highest levels of G7 governments as revolution begins [full report]

There is a dangerous leadership vacuum at the highest levels of power inside the G7 nations as financial collapse looms. There will be economic collapse, mass starvation, anarchy and civil war unless the system is totally rebooted. On the flip side, if the system is rebooted, living standards in the world’s countries can be doubled within a year. The key is to free the nations of the world from Babylonian debt slavery. For those who do not understand this reality, check out this link:

http://theeconomiccollapseblog.com/archives/americans-slaves-dont-even-know

and then this one to see the extent of world debt slavery:

http://www.zerohedge.com/news/2015-02-23/biggest-problem-facing-world-today-9-countries-have-debt-gdp-over-300

By staging a jubilee, or one-off cancellation of all world debt, public and private, human living standards can be effectively
doubled within a year. The key to accomplishing this is to force the surrender of the Zionazi Khazarian (not Khazak) tribal gang that controls this system.

There is a show-down now taking place inside the United States that holds the key to freedom for humanity at large. The appearance of mass murdering Zionazi Satan worshipping (not Jewish) gang boss Benyamin Netanyahu in Washington this week to push for world war 3 is a golden opportunity to end this once and for all. He is a rabid dog who must be quarantined or put down.

As reported in last week’s report, the US military has finally shown the patriotism and bravery needed to take down the Zionazi mafia controlled CIA faction responsible for most of the world’s wars. Last week the Russian and Chinese government news sites both displayed evidence the Zionazi Department of Homeland Security and CIA had been put under pentagon control. To quote from Russia Today:

“US Director of National Intelligence James Clapper and director of the Defense Intelligence Agency, Lt. General Vincent Stewart (USMC), reported on the intelligence community’s assessment of current and potential threats to American security and interests.”

http://rt.com/usa/235903-clapper-stewart-intel-hearing/

The point of interest here is that

neither CIA head John Brennan nor Homeland Security Chief Jeh Johnson were there representing the “intelligence community.” The testimonials given by Clapper and Stewart were not of the sort of apocalyptic fear mongering that has traditionally been spouted out by Zionazi controlled agencies.

The pentagon can now finish what it started by arresting 911 conspirator and mass murderer Netanyahu and demanding unconditional surrender of the entire Zionazi mafia, including the governments of Israel and Saudi Arabia. The Jewish people will be liberated from millennia of slavery by such a move. The world will also be rid of what is by far and away the biggest cause of terrorism, war and misery on earth.

The rest of the world is already moving decisively against the Zionazi gangsters.

In the Middle East, the French aircraft carrier Charles de Gaulle is working with a US aircraft carrier task force to attack the Israeli ISIS puppet army. ISIS has also been pushed out of Southern Syria and back into Israel. Furthermore, despite Netanyahu’s threats to force Israel to commit national suicide by shooting off its 400 nuclear missiles, the Jews have woken up to the Zionazi slavery system they have been put under and will not do another Masada. Instead, Mossad and other groups have been leaking proof that Netanyahu has been manufacturing evidence of an “Iranian nuclear threat” to try to start World War 3. In other words, the Middle East is about to finally purge itself of the anti-Semitic (in the real sense of the word that includes Arabs) Satan worshipping Hyksos Zionazis.

In Europe, a group led by the Germans is pushing for a “United Europe from the Altantic to the Kamchatka Peninsula [Pacific].” These people are behind the French and German rapprochement with Russia’s Vladimir Putin. These people make it clear they are not talking about a monolithically controlled neo-Soviet structure like the EU but rather “a Europe of nations that harmonize and grow together.”

The British are also making moves of their own against Zionazi control. The UK’s Prince William was feted with great fanfare in both China and Japan in a visit that started last week. William was here to sign accords integrating the City of London based financial system with the Asian gold backed system, according to MI5 sources. In addition, according to a source in the Japanese royal family, “Prince William came to Japan as the heir to the British throne to greet the Emperor and explain why Charles would not become King.” Chinese sources say he was also visiting to ask for money that will be forthcoming. The Chinese even showed their appreciation for British goals of environmental preservation by banning ivory imports.

While William was in Asia, somebody jumped naked out of a window at Buckingham palace in London.

https://www.youtube.com/watch?v=dHrxOzsKR9M&feature=youtu.be

According to MI5 this incident did not take place at the palace proper but rather “the horses’ section.” Clearly though, people in charge of security at the palace are sending a message to the royals which seems to be “arrest the pedophiles and fix the financial system or else.”

The political situation in Japan is also heading for a showdown that parallels the one now taking place in the US. On the one side there is a faction linking President Barack Obama, US Ambassador to Japan Caroline Kennedy and Jacob Rothschild, according to the Japanese royal source. This group wants Ichiro Ozawa as the next Prime Minister together with a scaling down of the US military presence there. On the other is the Zionazi group led by Bush protégés Richard Armitage and Michael Green who control puppet Prime Minister Shinzo Abe. “Abe is so terrified of being killed that he just zigzags according to what he is told,” the source said.

There will be court case on March 13th to hear a lawsuit filed by the Japan Independence Party showing that Abe was placed in power through electoral fraud. A source in the Japanese military police, for his part, said Abe was scheduled to be brought down within three months in a scandal related to his efforts to set up a casino in Japan. During his recent visit to Japan, gangster Netanyahu made a bribe spiced pitch for Zionazi casino boss and US Republican party puppet master Sheldon Adelson

http://www.timesofisrael.com/sheldon-adelson-tops-forbes-list-of-biggest-gainers/

, according to the Japanese military police.

The Japanese police authorities are also finally waking up to the fact that Abe has been looting the Japanese economy to keep his Zionazi masters afloat. The latest reflection of this was data showing that household spending in January fell 5.1% year on year even as the Zionazi owned Nikkei stock average soars higher. Stock markets in Japan, the US and Europe are now nothing more than rigged mechanisms for laundering money, stolen from debt slaves, to Zionazi gangsters.

Given these circumstances, Richard Koshimizu, the head of Japan’s Independence Party, might be the dark horse candidate to replace puppet Prime Minister Abe. The JIP would keep pentagon forces in Japan and work to help free Americans and the rest of the world from Zionazi slavery.

There are signs though it will be the Pentagon that will finish the job first. The pictures shown in the link below show what appears to be a major military deployment under way inside the United States.

http://www.allnewspipeline.com/Massive_Preparation_At_Army_Depots.php

A US military move against the Zionazis would involve temporarily shutting down the financial system and possibly even the internet. In such an event, major logistics efforts would be needed to ensure the continued supply of food, heat, gasoline and other essentials to the population until the system was rebooted. This would not be a prelude to a fascist government or genocide because the military is staffed by average Americans who know their job is to protect average Americans from all enemies both external and internal. It would simply be a police operation to remove the gangsters who usurped power and return it to the people. This would include ending debt slavery by returning that most fundamental right, that to create and distribute currency, and thus decide the future, to a government of the people and by the people.

Meanwhile, if the rest of the world, especially the world’s leading creditor nations, agree to sponsor a new meritocratically staffed future planning agency, the US military operating around the world would continue to be financed and be immediately redeployed on a new mission. This would be to protect all living creatures on the planet earth and explore the universe.

The key to remember is that right now the old leadership and economic structure in the West is headed for a mathematically certain collapse. We must either act now, before it is too late, or watch in horror as Western civilization collapses.

source:

http://benjaminfulford.net/

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Benjamin Fulford: Confusion and chaos at highest levels of G7 governments as revolution begins

There is a dangerous leadership vacuum at the highest levels of power inside the G7 nations as financial collapse looms. There will be economic collapse, mass starvation, anarchy and civil war unless the system is totally rebooted. On the flip side, if the system is rebooted, living standards in the world’s countries can be doubled within a year. The key is to free the nations of the world from Babylonian debt slavery. For those who do not understand this reality, check out this link:

http://theeconomiccollapseblog.com/archives/americans-slaves-dont-even-know

and then this one to see the extent of world debt slavery:

http://www.zerohedge.com/news/2015-02-23/biggest-problem-facing-world-today-9-countries-have-debt-gdp-over-300

By staging a jubilee, or one-off cancellation of all world debt, public and private, human living standards can be effectively
doubled within a year. The key to accomplishing this is to force the surrender of the Zionazi Khazarian (not Khazak) tribal gang that controls this system.

There is a show-down now taking place inside the United States that holds the key to freedom for humanity at large. The appearance of mass murdering Zionazi Satan worshipping (not Jewish) gang boss Benyamin Netanyahu in Washington this week to push for world war 3 is a golden opportunity to end this once and for all. He is a rabid dog who must be quarantined or put down.

As reported in last week’s report, the US military has finally shown the patriotism and bravery needed to take down the Zionazi mafia controlled CIA faction responsible for most of the world’s wars. Last week the Russian and Chinese government news sites both displayed evidence the Zionazi Department of Homeland Security and CIA had been put under pentagon control. To quote from Russia Today:

“US Director of National Intelligence James Clapper and director of the Defense Intelligence Agency, Lt. General Vincent Stewart (USMC), reported on the intelligence community’s assessment of current and potential threats to American security and interests.”

http://rt.com/usa/235903-clapper-stewart-intel-hearing/

The point of interest here is that………………….

remainder of this report will be available on Thursday.

source:

http://benjaminfulford.net/

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