“Oh what a tangled web we weave,
When first we practise to deceive!”-Walter Scott, Marmion, Canto vi. Stanza 17

I just read several reports.  One said the European Central Bank (ECB) wants to buy up the sovereign debts of European countries that are in financial trouble.  But the ECB says it needs about U.S.$150 billion to do it (notice they don’t have the cash on hand).

In another report the European Union said it will loan about $266 billion…to the U.S. based International Monetary Fund (not to their own ECB).  The purpose of the loan to the IMF is so the IMF can turn around and loan it back to European banks!

You must realize that the IMF is broke, just last week the President of the IMF came away from South America with a huge loan.  It was precedent setting, because for the first time in South America’s history they loaned money to the IMF, instead of the other way ’round.  So what did the IMF do with that money?

And why can’t the European Union loan the $266 billion directly to it’s member banks?  Is this just another accounting shell game?

The 1% elitist spiders have trapped themselves in their own web.  There’s no more flies to catch, the spiders are starving and they’re turning on each other!  It’s called World War 3!