Manufactured Debt Crisis Plotted to Deliver the Euro to the IMF

Friday, April 13, 2012 – by Staff Report

Spanish bailout 'impossible' for eurozone, says prime minister Mariano Rajoy ... The eurozone is not equipped to bail out Spain, the country's prime minister Mariano Rajoy has admitted, as global traders continued to punish the nation's stocks and bonds. Mr Rajoy said it was "not possible to rescue Spain" but insisted his country did not need a Greek-style international bail-out anyway ...Christine Lagarde, the boss of the International Monetary Fund (IMF), also warned that Europe's rescue mechanisms were not enough to restore confidence to global markets but said the IMF could provide a "global firewall". Speaking in Washington on Thursday, Ms Lagarde, who is seeking to raise $500bn (£313.4bn) in extra funds for the IMF from the G20, warned risks to the global economy "remain high; the situation fragile". "We need a broader approach – and a stronger global firewall – if we are to push back this crisis. The IMF can help. But to be as effective as possible, we need to increase our resources." – UK Telegraph
Dominant Social Theme: What is needed is a global currency.
Free-Market Analysis: We've long since come to the conclusion that the EU's sovereign crisis is a manufactured one. This article supports such a conclusion, in our view.
One has to keep in mind the artificiality of the current economic construct. The economy of the world is run via monopoly fiat/paper money printed by central banks. It is this system that has crashed half of the world's economy and is well on the way to delivering China into the same situation.
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