EFSF bailed out by ECB, Berlusconi resignation, and coming inflation.
There is much ado that is at work around the world. So much so that I had to share with you some very relevant information. Silvio Berlusconi has been the longest serving "ruler" of Italy. The word ruler was inserted to quantify this man's love for himself. In a prideful attempt to bluff the Italian people, Berlusconi threatened to resign if the Italian parliament passed the new budget reforms which further impose austerity on the Italian people. He recently just handed President Napolitano his resignation today. The Italian people have already been hit with high inflation in the wake of the country's debts and now will have to experience more of it thanks to the expectation of Mario Monti to assume the responsibility for putting together a new cabinet. As mentioned in the previous post, Monti represents the antithesis of recovery being a Keynesian economist, a FED insider, a Goldman Sachs insider, a Rockefeller frontman, and a Bilderberger. What more could you ask for in wishing to have a highly inflationary leader?
Europe has failed miserably, just when we thought the Federal Reserve was insane we've come to discover that the European Union has one-upped the FED in the fact that there aren't any brains present within the financial sector. The EFSF (The European Financial Stability Fund - oxymoronic) in the form of bonds, could not raise the necessary capital required for it's bailout from outside providers and bought up it's own bonds - hundreds of millions worth, effectively monetising it's debt. European leaders could not persuade the Chinese or the Japanese to buy the EFSF garbage bonds and have resorted to screwing the public once again. Holders of EU currency will likely be outraged when they start to feel the value of their euros diminishing in a printing press frenzy as part of the monetization. The EU was strongly trying to avoid resorting to it's own central bank, the ECB, to provide the funding for the tantamount EFSF. Afterall, the European Central Bank has no money, it simply has to create it out of thin air like the FED does. The EU will likely be faced with this same problem again down the road and who will want to bail the EFSF again? Nobody, that's who. No central bank, sovereign fund, nor country will want anything to do with the trash in europe. So, the EU will then again have to turn to the ECB to further monetize the debt. The question that most people in north america are likely asking is, "what do I care, what does this have to do with me? that's over there, not here". After a look at this move, the FED will have a hard time trying to explain to taxpayers in the US to bailout this garbage. What will eventually happen is the firms and banks that are holding these adulterous assets on their books in the US and Europe is they will face insolvency. And yet again who will come to the rescue of these TBTF (too big too fail) financial institutions? You guessed it, the printing press they own and control, the Federal Reserve Bank. With no reserves available it would have to inflate the currency supply even more! This may explain why there has been some information leaked by highly credible people that the US may have a new currency up it's sleeve in which to play and absolve the bailouts in the process. What happens to europe? European countries such as France and Germany have already started creating their old currencies again for fear of the current situation. It is highly likely that major european countries such as France and Germany will defect from the EU leaving their neighbor's yard with the rapid dog in it. These countries will then be faced with these humongous debts on their own country's banks books and will have no resort, but to bail them out as well. Many of the banks in europe will effectively become nationalized in their defecting countries. This will be very inflationary and likely hyper-inflationary as now again sovereign countries will try to compete with the remaining EU. For these defecting countries, they will be absolving the bankster debt and will try to restore production. It will be temporary production as most bubbles usually are and will leave the people dirt poor as they continue to run their currencies into the ground. Financial institutions in other countries such as Canada will be faced with the same problem with their own banks. It will be a systemic collapse worldwide as the markets are so inter-continentally connected to one another. If you don't own gold and silver coins, bullion, and shares, you will be missing out on the greatest transfer of wealth and you will watch your savings and generic investments lose their purchasing power to inflation. The race to debase begins.
There is much ado that is at work around the world. So much so that I had to share with you some very relevant information. Silvio Berlusconi has been the longest serving "ruler" of Italy. The word ruler was inserted to quantify this man's love for himself. In a prideful attempt to bluff the Italian people, Berlusconi threatened to resign if the Italian parliament passed the new budget reforms which further impose austerity on the Italian people. He recently just handed President Napolitano his resignation today. The Italian people have already been hit with high inflation in the wake of the country's debts and now will have to experience more of it thanks to the expectation of Mario Monti to assume the responsibility for putting together a new cabinet. As mentioned in the previous post, Monti represents the antithesis of recovery being a Keynesian economist, a FED insider, a Goldman Sachs insider, a Rockefeller frontman, and a Bilderberger. What more could you ask for in wishing to have a highly inflationary leader?
Europe has failed miserably, just when we thought the Federal Reserve was insane we've come to discover that the European Union has one-upped the FED in the fact that there aren't any brains present within the financial sector. The EFSF (The European Financial Stability Fund - oxymoronic) in the form of bonds, could not raise the necessary capital required for it's bailout from outside providers and bought up it's own bonds - hundreds of millions worth, effectively monetising it's debt. European leaders could not persuade the Chinese or the Japanese to buy the EFSF garbage bonds and have resorted to screwing the public once again. Holders of EU currency will likely be outraged when they start to feel the value of their euros diminishing in a printing press frenzy as part of the monetization. The EU was strongly trying to avoid resorting to it's own central bank, the ECB, to provide the funding for the tantamount EFSF. Afterall, the European Central Bank has no money, it simply has to create it out of thin air like the FED does. The EU will likely be faced with this same problem again down the road and who will want to bail the EFSF again? Nobody, that's who. No central bank, sovereign fund, nor country will want anything to do with the trash in europe. So, the EU will then again have to turn to the ECB to further monetize the debt. The question that most people in north america are likely asking is, "what do I care, what does this have to do with me? that's over there, not here". After a look at this move, the FED will have a hard time trying to explain to taxpayers in the US to bailout this garbage. What will eventually happen is the firms and banks that are holding these adulterous assets on their books in the US and Europe is they will face insolvency. And yet again who will come to the rescue of these TBTF (too big too fail) financial institutions? You guessed it, the printing press they own and control, the Federal Reserve Bank. With no reserves available it would have to inflate the currency supply even more! This may explain why there has been some information leaked by highly credible people that the US may have a new currency up it's sleeve in which to play and absolve the bailouts in the process. What happens to europe? European countries such as France and Germany have already started creating their old currencies again for fear of the current situation. It is highly likely that major european countries such as France and Germany will defect from the EU leaving their neighbor's yard with the rapid dog in it. These countries will then be faced with these humongous debts on their own country's banks books and will have no resort, but to bail them out as well. Many of the banks in europe will effectively become nationalized in their defecting countries. This will be very inflationary and likely hyper-inflationary as now again sovereign countries will try to compete with the remaining EU. For these defecting countries, they will be absolving the bankster debt and will try to restore production. It will be temporary production as most bubbles usually are and will leave the people dirt poor as they continue to run their currencies into the ground. Financial institutions in other countries such as Canada will be faced with the same problem with their own banks. It will be a systemic collapse worldwide as the markets are so inter-continentally connected to one another. If you don't own gold and silver coins, bullion, and shares, you will be missing out on the greatest transfer of wealth and you will watch your savings and generic investments lose their purchasing power to inflation. The race to debase begins.
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