The 64-Year Old US Government Imposed Truth Embargo

This is a fact : The 64-Year Old US Government Imposed Truth Embargo Must End! In this video you can watch Stephen Bassett talk about how to get a full disclosure regarding the ET 64-year US government imposed truth embargo. This is a good interview contains information that spans over several decades, from WW2 to present time. Bassett has developed the idea that Disclosure is something that insiders want to do, but that it depends upon who is President before that can happen. He says the Cold War precluded Disclosure and since the Cold War it has depended on the correct President. Bush 1 would have worked, but he didn’t get re-elected. Clinton would not work, and neither would Bush 2. At the 2009 “X-Conference” Bassett gave President Obama an ultimatum that “He better disclose by May 31, 2009 or else another country probably will before then.” Apparently he had high hopes for Obama, the perfect president to invoke Disclosure, who just hasn’t come through for him either. It must be a great disappointment. Stephen is also constantly trying to gain the authority’s interest in disclosing this topic once for all. We demand and need to know the truth.

Stephen Bassett is one of the two ( Stephen Greer the other) leading advocate`s for ending the 64-year government imposed truth embargo regarding an extraterrestrial presence engaging the human race.  He is a political activist, lobbyist, commentator, the executive director of Paradigm Research Group and the Extraterrestrial Phenomena Political Action Committee (X-PPAC) and executive producer of the annual X-Conference.  His work has been covered extensively by national and international media. Since 1996 Bassett has assisted numerous organizations and initiatives working to 1) raise public awareness of the both the extraterrestrial presence and the truth embargo, 2) convene open congressional hearings to take government and agency witness testimony, and 3) incite the political media to appropriately cover the attendant issues.   He has appeared on hundreds of radio and television talk shows and in numerous documentaries speaking to millions of people about the implications and likelihood of “Disclosure” – the formal acknowledgement of the extraterrestrial presence by world governments

European debt crisis wont stop for this!

Europe`s economic crisis still get`s grimmer by the minute. I don`t know who they think they are fooling?  The small solution accepted today is only like CPR. If nothing else is made then it`s over with the European Union`s economy and the whole world`s for that sake. But European leaders insist they are making progress on a comprehensive plan to tackle the euro zone’s debt and banking crisis. But the details are foggy and last-minute delays suggest that significant disagreements remain unresolved. On Wednesday, government heads from all 27 members of the European Union will gather for a second time, following a summit over the weekend. EU politicians have promised to deliver an ambitious and durable solution to a crisis that poses the biggest threat to the euro since the common currency was launched over a decade ago.

“The sovereign debt crisis threatens the very existence of the euro zone,” said Howard Archer, chief European economist at IHS Global. “It is therefore absolutely imperative that European policymakers finally deliver a major package.”

The latest talks have focused on a three challenges: restructuring the Greek government’s crushing debt load, strengthening European banks and boosting the effectiveness of a limited rescue fund. While the stakes are high, expectations are dim. It took three months for comparatively modest crisis measures announced in July to be approved by all 17 euro area governments. Some experts have already dismissed Wednesday’s meeting as a prelude to the Group of 20 summit in early November, when the world’s most powerful leaders will gather in Cannes, France.

“We have no confidence at all that the various proposed strategies will provide any effective fix for Europe’s ills,” said Ian Gordon, an analyst at investment bank Evolution Securities in London.

Greece : This cannot end well

The main issue for Greece is the role the private sector could play in restructuring Greece’s debt. Calls have been growing for banks and investors to voluntarily accept larger writedowns, or haircuts, on the value of Greek government bonds. Under a July agreement, bondholders had agreed to a 21% reduction. But the latest estimates suggest that writedowns of 50% or more will be necessary. It won’t be easy. Analysts say talks with the Institute of International Finance, which represents the interests of banks that hold Greek debt, have been challenging.
IIF president Charles Dallara said “there are limits” to what the private sector will tolerate as voluntarily, warning that any “unilateral actions would be tantamount to default.” Analysts said the writedowns must be voluntary because an involuntary haircut could trigger credit default swaps, which act as insurance policies on bonds. The fear is that reducing the amount of money Greece owes will prompt other debt-burdened nations to seek a similar deal. But economists say there is no way for Greece to get out of debt without some concessions from creditors.

Banks

European banks need to raise capital reserves to withstand a default by Greece or another euro area government. The tab could total as much as €200 billion. The big question: where will the money come from? Europe bank rescue is not enough and specially this little futile attempt they made today October 26. EU politicians, including German Chancellor Angela Merkel and French President Nicolas Sarkozy, have said banks should first try to raise capital from private investors before seeking government aid. But market participants are skittish about investing in European banks. In addition, some banks have had trouble raising money to fund short-term needs, and have been relying on temporary liquidity measures from the ECB. Banks that cannot raise money in capital markets should be recapitalize`d by member state governments, politicians say.

Bailout fund

The European Financial Stability Facility, a €440 billion fund that was recently empowered to intervene in sovereign debt markets and lend money to governments that need to boost bank capital, is widely seen as inadequate. However, increasing the amount of money the EFSF controls has been ruled out by EU nations. There has been talk of combining the EFSF, which will be phased out in 2013, with a replacement called the European Financial Stability Mechanism. Leaders are also considering a new vehicle to attract private capital from sources, such as emerging market sovereign wealth funds. The IMF may also contribute more money, analysts say. But the talks have so far mainly revolved around ways to enhance or “leverage” the existing EFSF to get more miles out of its relatively limited resources. The fund has already committed loans to Ireland and Portugal. It is also expected to back a second bailout for Greece, originally expected to total €109 billion.

Moody’s to France: We’re watching you

In addition to providing loans, the fund has been authorized to lend money to governments that need to inject capital into banks. It also has the power to buy bonds directly from investors. The EFSF is seen as a potential replacement for the ECB as the buyer of last resort for the debt of nations such as Italy and Spain, which are struggling to secure affordable funding. There have been several theories about how to boost the fund’s firepower but analysts say a bond insurance scheme is the most likely outcome. The plan is to use what money the fund has left after all of its other commitments to provide a partial guarantee on newly issued government bonds. The goal is to jumpstart the market for sovereign debt by giving investors some confidence that they won’t lose all of their money. The need for a large and credible rescue fund is urgent as worries about Italy grow. Italy, the euro zone’s third largest economy, has one of the largest bond markets in the world, worth an estimated €2 trillion.

While Italy is in much better shape than Greece, the Italian economy has been ailing for years and the nation has debts equal to about 150% of its economic output. That’s a recipe for disaster unless the government can force through more austerity and manage to boost economic growth at the same time. But things can get even worse, if it`s possible? Most people have no idea that Wall Street has become a gigantic financial casino.  The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end. The word “derivatives” sounds complicated and technical, but understanding them is really not that hard.  A derivative is essentially a fancy way of saying that a bet has been made. Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before.  Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion. Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion.  The danger to the global financial system posed by derivatives is so great that Warren Buffet once called them “financial weapons of mass destruction”. For now, the financial powers that be are trying to keep the casino rolling, but it is inevitable that at some point this entire mess is going to come crashing down. When it does, we are going to be facing a derivatives crisis that will destroy the entire global financial system. And it`s on it`s way….

http://www.marketwatch.com/story/debt-deal-wont-stop-euro-zone-recession-2011-10-25
http://www.guardian.co.uk/business/2011/sep/29/merkel-triumphs-in-german-bailout-vote
http://www.independent.co.uk/news/business/news/factory-fears-over-eurozone-crisis-2376149.html
http://www.economist.com/world/europe
http://www.economist.com/node/21531424