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Comment by Olde Reb
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Lendman expounds greatly to analyze the European economy difficulty but it clearly appears to be an interest bearing debt Ponzi scheme that has been refined over centuries. He labors to find a solution, and offers none.

Benjamin Ginsberg in FATAL EMBRACE documents the historical devastation caused by “financiers” with examples that have bankrupt nations since King John and the Magna Carta.

The 1999 introduction of the Euro removed the ability of the sovereign 17 nations to print their own money. Control of inflation by fiat money was consolidated within the Rothschild controlled EC Bank in the same manner the inflation of a Ponzi system was imposed upon the U.S. citizenry by the Federal Reserve system in 1913. The inherent national bankruptcy of the U.S. by that scam has been presented in RIP OFF BY THE FEDERAL RESERVE posted at http://www.scribd.com/doc/49040689 .

The 17 European nations have been reduced to the governmental status of states or cities in the U.S. Bankruptcy, as occurred in New York City and is currently threatening numerous states, can no longer be escaped by printing drachmas or kroners.

Goldman Sach has been documented to connive with Greece bureaucrats to expand their national debt to benefit government employees and programs. Bankers in Iceland have done the same with British bankers. It is the nature of governments to create more wealth for themselves by placing the debt upon the citizens.

The interest bearing debt scheme of the Rothschilds inherently leads to bankruptcy. The ECB is attempting to postpone the inevitable, just as Congress and the Fed are doing.

This writer sees few economic pundits who point fingers at the banking structure as the cause of our economic problems.

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