5.29 AEP: Europe’s debtors must pawn their gold for Eurobond Redemption

by John Galt
May 30, 2012 19:25 ET


Europe’s debtors must pawn their gold for Eurobond Redemption


(click on the title above to read the article in full)


Ambrose Evans-Pritchard outlines a radical new plan being devised by the technocrats and banksters in Germany to seize control of the Southern European nation’s treasures, gold, and national assets. The first two sentences of the story tell the tale of deceit being concocted by the banksters of Berlin:


The German scheme — known as the European Redemption Pact — offers a form of “Eurobonds Lite” that can be squared with the German constitution and breaks the political logjam. It is a highly creative way out of the debt crisis, but is not a soft option for Italy, Spain, Portugal, and other states in trouble.


The plan is drafted by the German Council of Economic Experts and inspired by Alexander Hamilton’s Sinking Fund in the United States — created in 1790 to clean up the morass of debts left by the Revolutionary War. Flourishing Virginia was comparable to Germany today.




The German Banksters want the opportunity to seize the assets that have actual value, not paper promises, from the PIIGS and Eastern European nations that are teetering on collapse. This is a must read column because in those nations mentioned, if such a plan were ever implemented, gold and silver confiscation from the public would be an almost immediate event that will forever impoverish the lower and middle classes of those nations.


Click on the link above to read this must read article from the U.K. Telegraph.


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