Greece and the EU, A Foreshadowing of Things to Come

From Ambrose Evans-Pritchard -

The council of EU finance ministers said Athens must comply with austerity demands by March 16 or lose control over its own tax and spend policies altogether. It if fails to do so, the EU will itself impose cuts under the draconian Article 126.9 of the Lisbon Treaty in what would amount to economic suzerainty.
While the symbolic move to suspend Greece of its voting rights at one meeting makes no practical difference, it marks a constitutional watershed and represents a crushing loss of sovereignty.

Consider the following EU tyranny -

The international meddlers are going after the Greek Underground Economy, aggressively. They are using the current government debt crisis to gain as much control over the GUE as thay can

Effective January 1, 2011 every transaction above 1,500 euros will be considered illegal if it is done in cash. Transactions will have to be done through debit or credit cards.

But wait, Greece has a card up it's sleeve -

Greece's 2001 deal to swap some of its debt using currency derivatives was in line with what other euro-zone countries were doing, Yiannos Papantoniou, the country's finance and economy minister when the deal was made, told CNBC.com Wednesday.
"We took a loan that was to be repaid in 2019," he said in a telephone interview. "It was public. I know that what we've done then was consistent with what was done by many euro zone countries."
Italy, France and Spain were among the euro zone members doing such swaps at the time, he added. Eurostat, the European Union's statistics office, has asked Greece for explanations on these debt swaps by Feb. 19.

Oooo...is it getting thick in here?

The Real Effect
All Americans would do well to consider the implications of these items in light of our current ongoing currency/economic collapse. Once the Union hooks are in, you can't get out and those politicians are going to make sure that they get their pound of flesh.

The EU will make it through this in one form or another (It might cease to be called the EU but it will still be the EU.) However, the globalists will see to it that America and vestige of independent thinking burns.

A wise man once said -

The long and short is they are bleeding the real assets out of the United States and passing them into foreign control. Make no mistake, they will bleed this country dry. Savings, checkings, 401K, gold, assets, they want it all and will not stop until they get it.