|A secret exit clause written into the trillion dollar European bailout agreement will ensure the creation of more debt in Europe, worsening the global economy, decimating nation states and allowing power to be consolidated into fewer super-elite hands.
As the Financial Times reports today, the major German newspaper Bild says it has obtained a copy of the bailout agreement and has set about “exposing” a series of secret clauses.
The most revealing of these clauses states that if any country finds it cannot raise funding for the bailout at interest rates below the 5pc charge agreed for Greece, it can opt out of the bail-out altogether, leaving the rest of the eurozone states to pay the difference.
If this happened, a domino effect could ensue, as the London Telegraph’s Ambrose Evans Pritchard explains:
As financial analyst Tyler Durden of Zero Hedge explains, this means bad news for American taxpayers because the U.S. is essentially being used as the engine for global consolidation:
The secret clause essentially creates a huge incentive for weaker eurozone countries to blow up their debts – the agreement creates massive moral hazard.
Tyler Durden again:
As we have continued to expose, at the heart of the ongoing centralization of national economies is a further viral spread of economic chaos through which the most powerful can consolidate their control over the globe.
The super-elite are essentially siphoning the wealth of every sovereign nation they can lay their hands on, holding the people of those nations to ransom via their elected governments, while slowly draining and using up everything they have.
Exposure and understanding of this agenda and what it means for the masses is key because at the moment the people continue to allow their governments to operate in this system under an illusion that they are working toward some kind of utopian harmonization, when the reality is quite the opposite.