Reuters / Marko Djurica

Even if Greece accepted all of the austerity measures demanded by its main creditors, the Troika, it still would not be able to make ends meet by 2030, according to IMF estimates revealed in a set of documents obtained by a German newspaper.
The most optimistic scenario shows that Greece would face an unsustainable debt in 2030 even if it agreed to the package of tax increases and spending cuts proposed by the European commission, the European Central Bank and the IMF in exchange for a five-month €15.5bn loan from its creditors.
These prospects were outlined in six documents that were part of the “final” proposal offered to Greece by the three main creditors on Friday. The papers were obtained by the German newspaper Süddeutsche Zeitung and seen by The Guardian.
The estimates provide support for Greece’s decision not to accept the bailout deal. They prove that for Greece to survive economically, it needs real debt relief measures, not austerity reforms.
According to the IMF, Greece would be unable to sustain a debt level of 118% of GDP. In 2012, the organization said that 110% of GDP is the highest debt threshold the country could take on.
Currently the country’s debt level amounts to 175% of GDP, and that percentage could easily rise if the country were to slip into recession.
The documents stressed that even if Greece posted stellar economic growth for 15 years, the debt level would still be higher than 110% of GDP, adding that Greece had no chance of meeting that target.
Even if the economy managed to maintain a growth rate of 4% a year for the next five years, the national debt level would only decline to 124%.
“It is clear that the policy slippages and uncertainties of the last months have made the achievement of the 2012 targets impossible under any scenario,” one of six secret documents, titled the Preliminary Debt Sustainability Analysis for Greece, stated.
There are also mentions of much needed “significant concessions,” but no specifics are revealed.
The files were reportedly sent to all German MPs for review and approval, but were never voted on since Greek Prime Minister Alexis Tsipras rejected the proposal and called for a referendum.
Other documents reveal further details about the proposed deal. For example, there is a description of how Greece would eventually gain access to €15 billion. The plan was to consist of five separate tranches beginning as soon as June. They were said to cover Greece’s immediate financing needs, with 93% of the money going towards paying the cost of maturing debt.
Other details were about reforms Greece should be forced to implement if it were to accept the proposal. The debate over pension reforms was particularly heated. The documents show that the three creditors wanted substantial reform, including changes to early retirement penalties and the phasing out the solidarity grant (EKAS).
Late on Tuesday evening, Greece became the first developed country to default on its international obligations, after the IMF confirmed that it had failed to receive the €1.5 billion debt payment from Athens that was due by the end of June 30.
IMF spokesman Gerry Rice said in a statement that Greece had asked for a payment extension earlier on Tuesday and that the Fund’s board would consider it “in due course.”
This was largely expected by the markets. Greek Finance Minister Yanis Varoufakis had warned earlier that Greece would not be able to make its IMF debt payment on time.
It is still unclear how the Greek debt saga will play out, as the Europgroup, made up of eurozone finance ministers, prepares to meet on Wednesday to discuss new proposals from the Greek government.
RT

China ratifies the creation of BRICS bank

Reuters / Jason Lee

The Chinese Parliament has ratified the creation of the BRICS Development Bank. The New Development Bank was conceived as an alternative to Western financial institutions such as the World Bank.
The new bank will provide money for infrastructure and development projects in BRICS countries, that is Brazil, Russia, India, China and South Africa.  Each nation will have an equal say in the bank’s management, regardless of GDP size.
Each BRICS member is expected to contribute an equal share in establishing a startup capital of $50 billion, with a goal of reaching $100 billion in capitalization. The BRICS bank will be headquartered in Shanghai, with India presiding as president during the first year, and Russia serving as the chairman of the representatives.
The agreement has already been ratified in India and Russia.
The launch of the BRICS bank is seen as a first step in breaking the dominance of the US dollar in global trade, as well as dollar-backed institutions such as the International Monetary Fund (IMF) and the World Bank, both US-based institutions that BRICS countries have little influence within.
South Africa is expected to present ratification documents in July during a meeting of BRICS countries in the Russian city of Ufa.
READ MORE: GDP of BRICS could surpass G7 in 2-3 years – senior Duma MP
BRICS represents 42 percent of the world’s population and roughly 20 percent of the world’s economy based on GDP, and 30 percent of the world’s GDP based on PPP, a more accurate measure of real economic performance. Total trade between the countries amounts to $6.14 trillion, or nearly 17 percent of the world’s total.
RT
Here’s a somewhat racist view but still describes what’s really going on in the EU. The idea is to psychologically divide the people through religions and other methods, but integrate their sovereign economies for better globalist control.

Do you know the truth about the EU?

The Referendum – if it happens – 9 Reasons to leave:

1. The EU is an unelected 3 tier dictatorship on the soviet model. In time, that’s slavery for all of us.
2. We entered the EU as the world’s 3rd largest economy. The EU has adversely affected our trade, and we are now the 9th largest economy in the world.
3. 120,000 EU regulations, when fully enforced, will destroy trade and drive us into poverty.
4. We spend £100 billion a year on EU regulations already – Better Regulation Commission.
5. The EU forces us to spend £210 billion a year according the the Cabinet Office on 8,500 quangos.
6. £100 +210 billion = 310 billion (20% of our GDP) wasted annually on the EU, which makes our EU contribution of £16 billion look irrelevant.
7. UK Government corruption has exploded while we have been inside the EU.
8. There are 180 independent nations smaller than us. We will easily prosper outside.
9. Outside, the English might survive – see here:

The abolition of the English

According to the Office of National Statistics, the English become a minority in their own nation inside ten years. This is the most massive achievement of the EU, and of the Conservative and Labour parties, who implement EU policy. Part of EU policy is massive immigration here, which has been enthusiastically implemented by those two parties.
With the English giving birth at a rate of 1.3 children per couple, and immigrants an average of 8 children, in 20 years the English will be a minor minority, ruled by an immigrant nation. God help us if its Muslims. Many of them believe they have the right to behead Christians, and we might have to leave Britain if we can. Do remember a vote for the Conservatives or Labour is a vote for your own abolition.

95% of crime is committed by Government

And yet people believe them, meekly accept their judgement, vote for them and obey them.
The invasion of Iraq was done on the basis of government fraud about “Weapons of Mass Destruction” they knew did not exist. They killed over one million Iraqis. Whether its manslaughter or murder, its still a crime.
That’s why Bilderberger Foreign Secretary William Hague is so desperate to silence the chief prosecution witness, Julian Assange, whose Wikileaks website has published the documentation that convicts them. It used to be gangsters who silenced witnesses, but Hague is attempting to sabotage the criminal prosecution of other Bilderberg ministers.
The government deregulated the banks in 1999, deliberately making them massive fraud machines, creating bubbles in the markets they knew would burst, rewarding criminality by allowing billions in bonuses for failure. Their goal is political engineering, to further impoverish us, reducing our financial muscle and our ability to resist.
The abolition of Britain by the six EU treaties was completed by the Lisbon Treaty in 2009, and executed by our top 17 government ministers, who committed treason, and who have been EU Bilderbergers, bribed EU agents since Edward Heath.
That’s a ten trillion pound nation, the world’s 5th largest economy, illegally sold into increasing slavery inside the emerging EU dictatorship.
That’s why treason is the most serious crime. This was easily the most serious act of high treason ever committed, and under our five Treason Acts, the thousands of government officials involved, the 362 MPs who voted for the EU, and those who very deliberately signed EU Treaties, including John Major, Tony Blair, Gordon Brown and the Queen, should all hang by the neck until dead, as both those laws and our common law demand.
On the orders of their masters in the EU, our bribed politicians have closed down our heavy industry, swamped us with 25 million immigrants, and the Office of National Statistics state the English will be a minority in their own nation by 2025. The English are despised by the EU, and they want us out of here. The ethnic cleansing of the English by the EU has been highly successful.
Its an electoral and constitutional crime for government to represent a foreign power. In fact a crime for them to represent anyone other than the British voters, something they haven’t done for 40 years.
Our senior police, Crown Prosecution Service and judges are almost exclusively Freemasons, and Britain’s courts have been utterly corrupt for 20 years. That’s how the banks, politicians and government are able to commit these crimes, break the law and our written constitution (yes – all written – since Magna Carta.
Britain is home to the largest bribery structure on earth, the EU mandated 8,500 quangos, who waste £200 billion every year according to the Government’s Cabinet Office, on £700,000pa salaries for people who do nothing. In total over half of the £800 billion the government extorts from us in tax annually is obviously and deliberately wasted. Yes, that is a crime too.
The NHS is controlled by Common Purpose, a government quango, who, through their abolition of established procedures and continual change, now cause 60,000 preventable deaths in the NHS every year. But 100,000 are murdered on the ‘Liverpool Care Pathway’ where food and water are denied to them until they die. No less than 450,000 people die inside the NHS annually. CP also teach suicide though theatre, plays and workshops, and have successfully encouraged 79 youngsters in Bridgend, South Wales, to commit suicide. They proudly boast they will rule in the “Post democratic era”
David Cameron says he will do something about immigration, and have a bonfire of the quangos. He’s lying. As a bribed EU Bilderberger he has no such intention, and knows he would be forced out of office by the other Bilderbergers, just as Mrs Thatcher was, if he opposed EU policy.
That’s why he won’t ever have an EU referendum. And nor will Labour or the Lib Dems.
The government tell us it is dishonest to pay your cleaner in cash – no, it’s dishonest of the Government to extort taxes for their criminality and corruption.
The evidence seems overwhelming the government has committed a number of murders, including WMD scientist John Kelly, Foreign Secretary Robin Cook, and Labour leader John Smith, because they refused to go along with government criminality
If you add up the crime committed by all the ordinary criminals in Britain, it is a pathetic tiny dot by comparison with the trillions of fraud, tax extortion to pay for waste, the million killed and murder committed by government.
In the EU, we are now living under a communist regime, and as Mussolini said, fascism and communism are the government collaborating with large corporations to defraud the people.
We’ve seen it on a massive scale starting with banks, the government sabotage of the economy and the pound sterling, down to the utility companies, which they deliberately sold abroad to foreign nations who rip us off with every bill, and local councils who do the same.
Millions of people in the former nation of Britain are now impoverished as a result of government crime, and trying to survive on £5 an hour.
By paying taxes and voting for the Lib-Lab-Con, you are supporting the criminal government class, and helping them deprive you of everything you once had.

Elections in the British One Party State

If you vote Conservative, Labour, Lib-Dem or the BNP, you’ll be voting for the EU dictatorship. All national party leaderships are EU controlled. That’s why your vote doesn’t make a difference – all these parties have the same policies: the EU’s policies.
The 17 most senior politicians in the Conservative, Lib Dem and Labour parties, including Ken Clarke, Francis Maude, Cameron, William Hague, George Osborne, Nick Clegg, Brown, David and Ed Milliband, Ed Balls, Peter Mandleson are Bilderbergers, the 140 strong band of ultra senior Freemasons who are bribed by the EU to build the EU dictatorship.
No Bilderberger, Freemason or Common Purpose graduate should ever be allowed to hold public office.
UKIP and the BNP are honey traps to neutralise activists: UKIP is riddled with Freemasons and Common Purpose like a cancer, and the BNP controlled by the Edgar Griffin (father) and son Nick Freemasonry family. The 350,000 Freemasons and the 40,000 strong Common Purpose Organisation are the (mostly unknowing) foot soldiers of the EU in Britain. (Which makes the BNP the easiest party to clean up – get rid of the Griffins, and put in a real anti-EU leadership.)
The new EU President: Herman Van Rompuy (ex Belgian PM) -a federalist, very pro the EU dictatorship, a deceivingly innocent looking pair of hands while the EU consolidates its power. EU foreign Secretary: Lady Catherine Ashton, whose career followed the path of many communists with fat salaries from state organisations, was the EU trade Commissioner and is the traitor who forced the Lisbon Treaty through the House of Lords. An evil pair.
How much did they rig the Irish second referendum by? 40%?

The Lisbon Treaty illegally abolished Britain on 1st January 2009

This sixth and final EU treaty formally replaced Britain with the European Union on 1st January 2009. This is a year before the deadline set by the Chancellor of Germany, Angela Merkel.
The Treaty “takes primacy” over the British Constitution which it thereby abolished, and with it the nations of Britain and England; it gives the EU the power to close our Westminster Parliament. The Lisbon Treaty was our Anschluss – It took 4 years for the founder of the EEC, Adolf Hitler, to turn Austria into a full police state after he annexed it. Similarly it will take the EU 3-4 years to consolidate its power, and it will then be impossible to get out.
The Treaty sets up an unelected three tier politburo executive in Brussels with absolute power, a dictatorship on the soviet model. The EU parliament has no power and is a sham.

Read the “7 deadly Lisbon clauses” on the left. Gordon Brown was lying: the Treaty is worse than the EU constitution.

The Queen and Parliament completed ratification spring 2008

MPs voted by 362 – 224 for the Reform, or Lisbon Treaty in its Second Reading on Monday 21st January 2008. Parliament allocated 12 days to discuss this treaty in February (not much for its own abolition).
The Queen, one of the main driving forces behind the EU for most of her life, gladly gave her Royal Assent on 19th June 2008. This means Westminster and the Queen ratified it behind our backs, as they have the other five treaties.
This Commons vote, one of the most important in our history, was largely unreported by our controlled press.
Since 1973 when the first EU Treaty came into effect, the EU has moved tens of thousands of pro-EU people into the senior positions right across our Parliament, government, press and media. Good leaders are being ejected from government bodies and organisations at all levels of society to be replaced by corrupt, incompetent people who can be controlled.
Westminster has been a puppet government of the EU for 36 years.
The Conservative, Labour and Lib-Dem parties pass EU treaties, EU laws, EU regulations and EU policy; over 80% of its legislation and policy is the EU’s. Our five party leaderships take their orders from the EU, not from the voters, which is why your vote makes no difference, and the reason your wishes are ignored.
Westminster has passed over 300 major laws, like the Civil Contingencies Act, to “harmonise” our laws with the EU’s. The loss of freedoms and emerging police state is the result.
They have also passed 120,000 EU regulations; the 10% enforced so far have closed scores of thousands of businesses, from village petrol stations, to big industries like the Rover Car Co, to post offices (EC-9767). When fully enforced most of Britain’s 4.5 million small businesses will close, and most of their 13.5 million workers will be unemployed.
Yes, the EU will cause abject poverty, but in Britain alone. These 120,000 regulations do not apply in other EU countries. Nearly all the new “daft” rules, from dustbin over-enforcement to the Intercept Modernisation Bill (spying on our mail, email, phones; EU directive 2006/24/EC; see the Interception Communications Commissioner) to the complete removal of the public’s wishes from local planning permission, stem from EU legislation.
The leaderships of the Conservative, Labour, Lib Dem, UKIP and BNP parties are run by placemen loyal to the EU. There is only one British political party – the EU party – we already live in a one party state.
EU Collaborators closing Westminster
Gordon Brown, his Ministers, David Cameron, Nick Clegg, Nigel Farage, Nick Griffin and their senior colleagues are conscious EU collaborators. There are no senior people with power in British politics or the judiciary who are not bought and paid for by the EU. MPs, such as Westminster’s Mark Field, will admit to you they know their Parliament is closing.
On 1st January 2009 the Lisbon Treaty removed the last 20%, ie all remaining power, from our Westminster Parliament, which became defunct on that day. It will continue the charade for the EU’s sake, to conceal the truth from the carefully dumbed down British Public, until the EU has consolidated its power.
On 4th June 2009 we had elections to the sham Brussels Parliament, the only elections we will get in the future.
Westminster’s five year term expires on 5th May 2010 and a British General Election is due. The six treaties make no provision for an election to our Parliament. If by that time the EU feels it has consolidated its absolute power, it will use it to cancel that election and to close Westminster.
But the EU’s time scales slipped – they surprisingly allowed themselves to be slowed down by the first Irish referendum. There probably will be one more election to Westminster, when the deceived public may indeed vote for the Conservative party – EU controlled since the 1960’s by its 8 high level Bilderbergers. Today these are led by Ken Clarke and Francis Maude, the real leaders – see “Freemasonry did it,” left. You need to vote for independents, and unknowns – the EU doesn’t have a control structure for those.
The EU has always planned to break England up by ruling directly from Brussels through the 9 EU regional capitals (Exeter, Manchester etc.), by-passing Westminster, from which every function will be removed.
When Westminster closes its much harder to leave
– Because there will be no Parliament to take us out. The legal way then is for senior judges to declare the six EU treaties illegal under the British Constitution and therefore null and void. But the reason they didn’t do that decades ago is because our Law Lords too are part of the tens of thousands carefully chosen and moved into the controlling senior positions precisely because they are prepared to break the law to keep us in the EU.
Treason is the most serious of all Britain’s crimes. It still merits life imprisonment. There is little time left to bring these vile British traitors to justice, and get us out of the EU dictatorship.
Economic destruction of Britain; and we will not be allowed into the Euro
The EU dictatorship cannot be built while there is a strong and freedom loving Britain on its doorstep. (We stopped them in 1914, 1939, and they don’t remind you that the Nazis launched the EU as the EEC in 1940.)
For this reason the EU plans to destroy Britain economically (well underway – 35% done), militarily (see Lisbon – 30%), judicially (55%), socially (eg the deliberate breakdown of the family – 30%) and politically (70% complete).
The fact Britain is doing worse than other countries in this recession, and Sterling is falling, is entirely due to the deliberately crippling costs of the EU, now 1/4 of our economy; its made our Exchequer almost insolvent with the extra borrowing its caused. No, the EU will not let us into the Euro; its much easier to destroy Britain and Sterling together if we’re kept outside.
The success, over the last fifty years, of the EU’s Frankfurt School subversion techniques on Britain (see left) has been astonishing; the abolition of Westminster is one of their remaining goals, after which the EU will use clause 8A-4 of the Lisbon Treaty to close down the Conservative, Labour and Lib Dem Parties (together with EUCJ ruling 274/99 to close UKIP and the BNP.) The destruction of British democracy will then be 100% complete.
The EU remains illegal
Each of these six treaties are completely illegal under the British Constitution (which is written, every word since Magna Carta, our 1689 Bill of Rights, our treason laws, and under our common law. It is unforgivable that the Queen, her Ministers and our Parliament have committed the criminal act of treason by signing these treaties, and broken our laws to abolish our nation.
The EU will always be illegal in Britain; but once the EU has complete power and control here, we can no more get rid of it than we could Germany, had their planned illegal occupation of Britain in 1940 been successful.
No referendum
German Chancellor Merkel chose this sixth Treaty instead of pushing it through as a constitution to avoid referendums in member nations. She visited 10 Downing Street and forced Gordon Brown to cancel both his promised referendum, and his General Election.
“Anti-EU” groups have encouraged us to call for a referendum precisely because the EU has already prohibited it, and they know it will fail. The EU has ensured the leaderships of nearly all these groups have pro-EU people at the top to ensure they fail. (for example, the leaders of UKIP and the BNP, Nigel Farage and Nick Griffin, are both working for the EU.)
How to fight
One course of action is to change the minds of 70 MP’s and get a majority against. MP’s have been selected on the Party list system over the last 20 years to ensure an obedient majority of pro-EU MPs.
These MPs now need to understand the EU has the constitution (the six treaties) of a dictatorship, the laws of a police state, and when enforced, its 120,000 regulations will close most of our 4.5 million small businesses, make most of their 13.5 million employees unemployed, and create a soviet style command economy: dictatorships cause poverty. When the EU closes Westminster, these MPs will lose their £240,000pa salary and expenses. But there’s more:
MPs institutionalised against their will?
And as MPs are the people who put this dictatorship in power, they are the greatest threat to take it out of power. All dictatorships in the past have eliminated that threat. Inside the EU, the lives of MPs will be even worse than our own; at best, they are likely to be institutionalised and held against their will. (This is the only good bit – these despised traitors will suffer severely.)
The new FTAC (Fixated Threat Assesment Centre) government department may have been established (2006) for this purpose. It can imprison anyone permanently with no rights whatsoever, no access to courts, and no outside communication, with psychiatric reasons as the excuse. It uses electric shock, sensory deprivation, forced injections of drugs, and other torture techniques as “cures.” It has been used against a Plymouth man who wrote to Home Secretary Jacqui Smith criticising her for creating a police state; but he’s just one of 168 victims it experimented with in its first year. Its the perfect soviet method of dealing with ex-MP’s who are seen as a threat.
Expenses: MP’s betrayed by their Euro Masters
MPs were encouraged to file exorbitant expense claims. No matter how ridiculous; whether the house/flat/mortgage existed or not, they were paid. Now they have been betrayed by their puppet masters, and to their surprise they are now told what they were encouraged to do is illegal. And we British despise them for it, which was the intention in the first place. They will experience many more betrayals, to prepare us for the closing of Westminster, when we shall be so delighted to see them locked up in the institutions they deserve we’ll hardly notice Westminster’s passing.
Visit your MP in his surgery NOW and explain this. (Instructions top left)
80% of Germans, 200 million continentals against the EU
Around 45 million British people in polls are against the abolition of our nation, and with the little European voting that has been allowed, it seems clear over 200 million of its victims don’t want the EU. And ten million Germans died in World War two; only their leaders want a repeat of German ambitions with the EU as the vehicle, which is why 80% of them are against it. But we will never be given the choice. YOU have to decide to act yourself.
There are ways to stop the EU – see “Your Campaigns” on the left. Nationally, we need a General Strike, or a mass blockade of Westminster to stop our criminal MP’s and Queen breaking our constitution and laws for the last time.

A General Strike, then a prosperous future

It will only take 10,000 organised and determined campaigners, or a General Strike or blockade of a million, to throw the EU clean out of Britain, to escape its oppression, poverty and wars completely, and to give ourselves a bright, free and prosperous future. This is more worth it and more urgent than you can possibly imagine.
Original 2009 article from German Parliament -.pdf for download, then check it at the German Parliament here.
Mussolini said: “Fascism (and communism) is the state collaborating with large corporations to defraud the people.” That is exactly what we have seen while we’ve been in the EU. And in 2008, the government agreed to give the banks two thirds of our taxes (£450 billion) to bail them out from their greed and incompetence.
Then it turns a blind eye while bank and corporate directors defraud shareholders and the public, by rewarding themselves for failure, with billions in salaries and bonuses. The government, instead of seizing fraudulent bonuses, or introducing laws to give shareholders alone the power to award or withdraw bonuses, has sided with the fraudulent directors.
continue reading »
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