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European Debt Issues - Are you Paying Attention?

1,427 views · Published 26 April 2010 · 7:43 · Indexed 30 October 2026

Channel: Money Charts · 2010 · News & Politics

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Article One:
http://finance.yahoo.com/news/Greece-still-under-siege-apf-263310177.html?x=0&sec=topStories&pos=2&asset=&ccode=

Article Two:
http://www.cnbc.com/id/36777251

Article Three written by self:
A credit default swap is one of the forms of the derivative market.  This is an agreement between the buyer & seller of the debt.  This is sort of like insurance on the debt.  There are many whom make a lot of money on credit default swaps and Gerald Celente has been on record stating these to be criminal activities with very fancy names.  In reality the economic system we are currently using seems to be very criminal with many fancy names and terms to make one understand the best they can without them understanding reality.  Its designed for us to understand that money is something that we have to work very hard to acquire and to be very careful for we do not want to get into debt problems.  Because money is created by central bankers in the form of making paper dollar notes in the exchange of paper treasury bills.  Today these paper dollars and paper T-Bills are made electronically where over 97% of our money today is not in paper/mint format.  It is in digital format.  
Many can understand that if you miss payment on your credit card or any kind of loan that you have that there will be an interest payment.  Many are very good at making sure that they pay their credit card balances at the end of every month to ensure that there is no interest.  However, there are many many more whom go in massive debt with these credit cards with compounded interest.  What has been designed for you not to understand is that compounded interest is very dangerous and a guarantee of debt if it gets out of control.  Its not a matter of if it will get out of control, but when it got out of control and what the results are going to be from the action.  Part of the reaction from this action was the record foreclosures.   Because our money supply, which is created by the central bankers is monopolized by them, the debt and problems are 100% guaranteed by using mathematics of interest.  When the Federal Reserve creates money they are creating Principle and thus we have banks that charge interest and is creating more money to the money supply.  This is why every country seems to be in debt and why every human on this planet has some sort of debt problem today.  I have yet to have heard or seen an article or video or something that was made by the governments explaining how debt crisis is a guarantee.  They will make articles instead that will state such things like Should we be worried of our current debt? as if we are to believe that these debts can be payed off.  If this strategy of interest was used to ensure that many civilians live very difficult lives while barely getting by then they have been doing an amazing job.

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