Everywhere you turn in the financial media right now you see some "expert" declaring that the Greek debt crisis has become a "contagion" which is going to spread all over the globe and which could potentially bring down the entire world economy. Now certainly Greece has badly mismanaged their finances for decades, and without a doubt they have gotten themselves into a huge mess. But could Greece bring down the entire world economy? Hardly. The truth is that you could remove Greece from the world economy tomorrow and most people would hardly notice. The economy of Greece is only about 2% the size of the United States economy, and it takes in less than 0.1% of U.S. exports. But we are being led to believe that Greece has suddenly become the epicenter of a financial crisis which is going to bring down everything. Could it be that this Greek debt crisis is purposely being hyped and manipulated? Could it be that this Greek debt crisis is yet another example of the "problem, reaction, solution" paradigm that the global elite have employed so many times before?
Right now almost all of the governments in the western world operate debt-based economies that rely on ever-inflating amounts of paper money in order to survive. The elite international bankers of the world have made a killing by creating money out of nothing and loaning it to the nations of the world. The interest on those loans is the primary method by which the wealth of the world is slowly transferred into the hands of the ultra-wealthy. When the interest on the loans starts to become too much for a particular nation, they borrow even more money so that they can stay afloat. It is a debt trap that is designed to continue indefinitely. Even the most powerful nations in the world are caught in this debt trap. In fact, most people are absolutely amazed when they learn that it is mathematically impossible to pay off the national debt of the United States. But the United States is far from alone in that respect. Almost all of the other major nations in the world are in the exact same boat.
So what normally happens when a nation like Greece gets into big trouble is that they just go out and borrow even more money from the international bankers.
But this time the big financial powers are insisting on big budget cuts and other "austerity measures".
So what is the deal with that?
Well, there are a couple of possibilities.
The first alternative is that the IMF and the European Central Bank actually believe that the financial situation in Greece has gotten so desperate that they could actually be forced to default on their debt and so something dramatic needs to be done. You see, the truth is that the international bankers want the game to continue no matter what. They are a parasite, and they can't keep draining a host if the host dies. So it does them no good for the economy of Greece to completely die. So maybe they are just trying to revive the host economy (Greece) so that they can continue slowly draining the wealth of that nation.
And perhaps that is all that is happening here. After Greece agreed to the required "austerity measures", the EU and the IMF extended to Greece the bailout loans that they needed, and on Sunday European Union finance ministers agreed to create a 750 billion euro safety net for troubled eurozone countries. The EU's monetary affairs commissioner, Olli Rehn, says that this safety net "proves that we shall defend the euro whatever it takes."
There are even rumors that the ECB is prepared to engage in a new round of quantitative easing. That would entail very large loans to distressed governments in the eurozone in the form of buying up their bonds.
Of course all of this "help" is just more debt that continues to put Greece into an even bigger hole, but at least Greece will not be faced with immediate default.
The second alternative is that what is going on is the financial powers of the world are deliberately hyping and manipulating the Greek debt crisis because they actually want to crash the world economy.
At this point, the debt crisis in Greece has been hyped for weeks on end, and the kind of alarm being raised about the situation is Greece just seems massively out of proportion.
After reading some of the recent news reports coming out of Europe, you would think that the world is on the verge of a financial doomsday just because of what is happening in Greece. The following excerpt from the Guardian is representative of what we have been seeing in recent days....
"The growing crisis in the eurozone threatened to undermine the global economic recovery as markets plunged across the world on fears that European leaders may not be able to contain the debt contagion spreading from Greece."
In fact, just about wherever you turn some financial expert is coming forward with predictions that the "contagion" of the Greek debt crisis is going to spread and cause economic chaos all over the world....
"What we have seen is that contagion has gone global"
"All the financial markets are now in turmoil"
"We now see herd behavior in the markets that are really pack behavior, wolfpack behavior."
The truth is that this Greek debt crisis could end up being the first domino in a sovereign debt crisis that will sweep the globe - if that is what the international bankers want.
If the international bankers decide to cut off the ever-expanding flow of debt to the nations around the world it would create a disastrous financial crisis. Without the loans that they desperately need, country after country would plunge into an economic nightmare that most people do not even think is possible.
So would the international bankers ever do that?
They have done it before.
Just study the causes of the Great Depression.
Now there are indications that it may be getting ready to happen again.
Suddenly everyone is starting to talk about the "austerity measures" that will not only have to be implemented in Greece but all over the world.
For example, check out this recent quote from an article in the Guardian....
"Riots and strikes in Greece could be repeated in other countries which have yet to adopt their own austerity packages."
Other countries which have yet to adopt their own austerity packages?
And it just isn't Greece, Italy, Spain and Portugal they are talking about.
Bank of England governor Mervyn King recently warned that public anger over the "austerity measures" that soon must be implemented in the U.K. will be so intense that whatever party wins this election will be out of power for a generation.
Austerity measures in the U.K.?
Not only that, but Federal Reserve Chairman Ben Bernanke is publicly saying that United States citizens will soon have to make difficult choices between higher taxes and reduced social spending.
Why all of a sudden do nations all over the world have to implement austerity measures? Why all of a sudden are we all being told that we are going to have to tighten our belts?
Well, unless all of this was planned of course.
And that is exactly what some out there are claiming is happening. There is a belief by many that the financial powers of the world are going to create a world economic crisis (the problem) so that when everyone cries out for help (the reaction) they will be there with the solution they wish to propose (perhaps a world currency or increased global governance).
In fact, Pastor Lindsey Williams even claims that an individual who is from these elite circles has told him exactly what is coming. If you have never heard of Lindsey Williams you should really check out the video posted below. He was the one (based on inside information from his source) who correctly predicted a couple years ago that oil would go down to 50 dollars a barrel when at the time it was pushing up into record territory. When oil did in fact plunge down to 50 dollars a barrel people were not laughing at him anymore. Now, the same source has told him that a massive economic downturn is planned over the next couple of years....
So is Lindsey Williams right?
As with so many things, time will tell.
But when top banking officials all over the world start talking about "austerity measures" and the need to tighten our belts, it is best to start paying attention.
We are moving into a time of extreme economic uncertainty. To the folks that play around with hundreds of billions of dollars, you are nothing more than a pawn on a chessboard. If you believe that "things are always going to be good" and that the people with real power in this world honestly care about you then you are going to end up in a whole lot of trouble.
Now is the time to prepare while there is still time. Someday when the U.S. economy does completely collapse and you have done nothing to prepare it will be far too late.