Tuesday, February 21, 2017

Germany remains at the center of the new Greek financial crisis as minister demands Greeks provide gold to backstop bailout

As the German government continues to prove more and more that they are the real controllers over the European Union, on Feb. 21 a minister in Germany's government publicly called for Greece to start putting up collateral, including gold bullion, if they want to receive the next tranche of bailouts to help their beleaguered system.

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Bavaria's 50-year-old finance minister Markus Soeder was previously named by German weekly Der Spiegel as one of the Ten Most Dangerous European Politicians (defined as "every politician who is resorting to cheap populism in order to rack up domestic political points"). 
For the Greeks, this may well be true. 
According to an interview with Bild, the CSU politician said that: 
...new billions should only flow when Athens implemented all the reforms.  Even then however, aid should only be given against a pledge "in the form of cash, gold or real estate" - Zerohedge
For anyone who doesn't think gold is money, just ask the Germans who have not only repatriated much of their offshore reserves in recent weeks, but are now demanding that EU debtors put up their own gold holdings to continue the scheme of enslavement to the Troika printing press.

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