Mediums: The CR News Reports© is a copyright publication of Channeled Readings®. The following predictions on GLOBAL ECONOMY were channeled on June 8, 2011 directly from our “Higher Intelligence Source” and not from what we, the Mediums may think, reason, guess, analyze or anticipate from probabilities or trends. These predictions are not based in conspiracy theories or come from a doomsayer’s slant. We provide Survival News Predictions to help you overcome any fear of the future you may have and empower you to prepare for what’s coming… European countries’ finances are in shambles and have been for a long time. Enron-style accounting helped conceal their troubles for awhile and allowed governments to continue their entitlement-driven economic models. But now it has caught up to all of them….especially Greece, Portugal, and Ireland, with Italy, Spain and others lining up behind them to plead their cases for future bailouts.
German and French banks stepped in and bought up the government bonds of these failing countries with rising interest premiums. Ratings agencies, downgrading the debt of countries, make it more difficult for struggling governments to survive a default without needing a bailout and selling their souls to get it.
Banking cartels like the IMF, European Central Bank (ECB), the EU Commission along with other international banks have a strange definition of “rescuing” a country in trouble. The country must raise its taxes, lower spending on social entitlement programs, cut pension programs, and sell off public land, tourist sites and parks, ports, water and sewer facilities, utilities, airports, valuable natural resources, and more to the banks’ connected investors. What they have left is an in-debt country where citizens make less than they ever have and owe more and the government is told what to do by bankers.
These concessions make the country less competitive in the international markets, forces a higher cost of living on citizens, and relieves the country of their national treasures and resources. Once resources are controlled by outside interests, people are hired at slave-labor wages to work for the new owners.
Is this how the global economy will recover? Will the countries of the world become one big entity governed by international bankers who also control the military-industrial complex? By controlling the fiat money system through central banking and forcing countries into indebtedness, can bankers succeed in stealing the world’s individual and national wealth?
We would ask our Higher Intelligence source to bring through their predictions and commentary on this and anything else they see as relevant to the Global Economy at this time.
… Go ahead with your predictions and commentary…
Voice of Higher Intelligence: predictions
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