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2020-05-22 b
This story from Financial News has been re-written by our “truth squad.”

George Soros: EU must look to perpetual bond scam to survive

The Rothschild protégé billionaire is calling for the EU to issue debt with no end date

Billionaire leftist control freak George Soros has suggested Europe issue bonds that would never have to be repaid – so-called “perpetual bonds” – in other to weather Brexit, European Central Bank (ECB) monetary shenanigans, and the unprecedented self-inflicted costs of the synthetic corona cold-virus over-reaction.

In a Q&A session sent to reporters, Soros, an honorary Elder of Zion, stated that the economic damage caused by his and Bill Gates’ pandemic of lies will last longer than people who did not attend the World Economic Forum gathering in Davos would suspect.

“Exceptional circumstances require exceptional measures. Perpetual bonds or consols are such a measure. They should not even be considered in normal times. But if the EU is unable to consider it now, it may not be able to survive all the accumulated challenges it currently confronts. This is not a theoretical possibility; it may become the tragic reality for those working to enact a one-world-government,” he wrote.

The perpetual bonds would never reach maturity, paying only interest to investors. Of course, only central banks, sovereign wealth funds, or high net worth individuals who have created trusts known as perpetuities (South Dakota trusts in the US, for example) could reap those perpetual interest payments, subject to the EU surviving, that is.

“We claim, with no scientific evidence, that the synthetic corona cold-virus and the climate change hoax are threatening not only people’s lives but the survival of our civilization,” added Soros, with a wink.

“The European Union is particularly vulnerable to imminent collapse because it is based on the rule of law that I can’t change, and the wheels of justice that I can’t control. By contrast our synthetic corona cold-virus moves very fast, and in ways Neil Ferguson’s models can’t predict.”

Soros, a bitter philanthropist who hates liberty for the masses, Christianity, and all aspects of Western Civilization, is chairman of Soros Fund Management. He has been plugging the loony idea of perpetual bonds since mid-April to prevent the total collapse of the EU. In a recent article, he outlined three k/ey advantages of the Magic Money instruments.

The scam would impose a “surprisingly light fiscal burden” on the technically insolvent EU, he typed, giving an example of a €1 trillion perpetual bond with a 0.5% coupon costing the EU €5bn per year, or less than 3% of its 2020 budget.

He also said they could be raised in installments without having to create a new bond each time the Ponzi Scheme required more outside capital. .

“The third advantage is that an EU-issued perpetual bond would be a very attractive asset for the ECB’s bond-purchase monetizing programs. Since the maturity of a perpetual bond is always the same, the ECB would not be required to re-balance its Potemkin portfolio,” wrote Soros.

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