KWN weekly – July 12, 2015
Podcast interview (10 min)
The Elite is leading Greece and the World to Perdition
In my King World News interview published on July 12, I stated that the Troika and the US will do whatever they can to keep Greece in the EU. To let Greece leave would be the final nail in the European Union coffin. That would start the dominoes of Italy, Spain, Portugal and France falling as well as the European banks. And it would prove that this artificial political and monetary union is a total travesty which was doomed to fail even before it was created.
The proposal now being put to the Greek government and parliament is a lot worse than the one which was voted down by the Greek people last Sunday. The package on offer involves another €85 billion of loans in addition to the existing €320bn. On top of that there will be short term bridge financing of €12bn plus potentially another €35bn for job creation. So the insolvent Troika is raising another €135bn to lend to a bankrupt nation that cannot even afford to pay the interest on the debt. This is really the bankrupt leading the bankrupt to perdition. Read the rest of this entry »