Once again, Europe is following the “change the rules, when things don’t work out” plan of the United States. Otherwise known as “save the big banks and screw everyone else“.
The European Investment Bank, owned by the 27-member bloc, is getting exemptions from Greek debt writedowns in the same way as the euro area’s central bank, according to two regional officials familiar with the matter.
The European Central Bank negotiated a deal to avoid the 53.5 percent loss on principal that’s costing private investors as much as 106 billion euros ($143 billion). The EIB, which unlike its Frankfurt-based counterpart represents the entire European Union, also owns Greece’s debt and is sidestepping the so-called haircut in the same way, said the officials, who declined to be identified because the plan isn’t public.
This little loophole is in addition to the IDSA future decision to make a default not a default.
Didn’t gg just write about these unintended consequences?
“Some of the decisions that have been taken recently may make re-accessing the capital markets harder, rather than easier,” Kraemer said in an interview with Bloomberg Television’s Linda Yueh in London today. “Many of these decisions may actually make it harder for countries like Portugal to return to the markets.”
Martin Armstrong has told us time and again that the Big Guys always win in Manhattan courts, so sue the Big Corporations in another city with an attorney that has no association with Manhattan.
Apparently, that applies to Monsanto as well.
Monsanto wins in Manhattan. Surprise, surprise. Click here.
So, again how did this case get filed in New York when Monsanto is in St. Louis and the lead plaintiff is from Maine?
Her (the judge) failure to address the purpose of the Declaratory Judgment Act and her characterization of binding Supreme Court precedent that supports the farmers’ standing as ‘wholly inapposite’ constitute legal error. In sum, her opinion is flawed on both the facts and the law. Thankfully, the plaintiffs have the right to appeal to the Court of Appeals, which will review the matter without deference to her findings.”
Monsanto’s history of aggressive investigations and lawsuits brought against farmers in America have been a source of concern for organic and non-GMO farmers since Monsanto’s first lawsuit brought against a farmer in the mid-90′s. Since then, 144 farmers have had lawsuits brought against them by Monsanto for alleged violations of their patented seed technology. Monsanto has brought charges against more than 700 additional farmers who have settled out-of-court rather than face Monsanto’s belligerent litigious actions. Many of these farmers claim to not have had the intention to grow or save seeds that contain Monsanto’s patented genes. Seed drift and pollen drift from genetically engineered crops often contaminate neighboring fields. If Monsanto’s seed technology is found on a farmer’s land without contract they can be found liable for patent infringement.
The plaintiffs brought this suit against Monsanto to seek judicial protection from such lawsuits and challenge the validity of Monsanto’s patents on seeds.
“As a citizen and property owner, I find the Order by the Federal Court to be obsequious to Monsanto,” said plaintiff organic farmer Bryce Stephens of Kansas. ”The careless, inattentive, thoughtless and negligent advertisement Monsanto has published on their website to not exercise its patent rights for inadvertent trace contamination belies the fact that their policy is in reality a presumptuous admission of contamination by their vaunted product on my property, plants, seeds and animals.”
”If planted and saved annually, cross pollination ensures the seeds continue to adapt. In the Southwest, selection over many, many generations has resulted in native drought tolerant corn. Now that a patented drought tolerant corn has been released how do we protect our seeds from contamination and our right to farm?”
If you read groovygirl’s blog regularly, you already know her humble opinion of Monsanto.
Monsanto’s business model is like Rothchild’s famous quote in 1838: “Let me issue and control a Nation’s money and I care not who makes the laws.” That is what the private banking cartel, called the Federal Reserve, is all about. They control the money because they control the debt. Similarly, if Monsanto controls the seeds, they control the food supply and may influence all industries and laws associated with growing food. If money and food is out of our control, what is left?
Update March 8, 2012: Oh, wait, Monsanto already owns the majority of food companies….and Xe, formally known as Blackwater. Click here.
Remind me again, why does Monsanto need a Black Ops Private Militia Company? Exactly, what does that have to do with seeds?
Click here for Anonymous hack of Monsanto on March 1, 2012.
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