Saturday 18 July 2015

All Hail Our Banking Overlords! | Zero Hedge

All Hail Our Banking Overlords! | Zero Hedge



You really have to be paying attention to see what’s truly going on these days. The keepers of the system, that is the banking elites, now openly control everything -- though you'd never know that by listening to the media.
Consider this:
Eurozone backs €7bn bridging loan
Jul 16, 2105

Eurozone ministers have agreed to give Greece a €7bn (£5bn) bridging loan from an EU-wide fund to keep its finances afloat until a bailout is approved.

The loan is expected to be confirmed on Friday by all EU member states.

In another development, the European Central Bank (ECB) agreed to increase emergency funding to Greece for the first time since it was frozen in June.

The decisions were made after Greek MPs passed tough reforms as part of a eurozone bailout deal.
How generous of the finance ministers of all those EU member states to agree to a “bridge loan” that will help Greece "keep its finances afloat". This should provide the people of Greece with a bit of breathing room, right? Maybe access to their bank accounts (finally!), perhaps?
No, not at all. Here’s what the entirety of the “”loan”” will go towards instead:
The bridging loan means Greece will be able to repay debts to the ECB and IMF on Monday.
Ummmm…that “money” will not ever go anywhere near Greece.

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