Eurozone Burns Money While The Banks Fiddle Their Balance Sheets!

• Illuminist banksters have taken over Europe overtly. In the past, it is pretty much covert as the Illuminists rule via their politician puppets. Now by fiat they appoint their snakes in Italy and Greece. The Eurozone is set up for a cataclysmic collapse. It is a question of when. More debts are being piled upon existing debts to create a humongous problem!
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• There is no intention, on the part of the Illuminist ruling power, to solve the debt problem. The conversation Greece is having with the financial market is as follows: “Please forgive 60-70% of my debts and lend me another hundred billion dollars!” What do you think? A repentant debtor or a big psyop? The negotiators for the Greeks, ie. Illuminist banksters, are requesting creditors take a voluntary haircut and not declare it as a debt default. Ie. so that CDS (insurance against default) will not be triggered and banksters need not pay out any insurance money. So, creditors must take a loss of 60-70% and cannot (should not) claim against insurers! So the insurance taken out by creditors are totally meaningless. Why would any creditor agree to such an insane deal?
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  Eurozone burns money while the banks fiddle their balance sheets! 
  By  Liam Halligan, http://www.telegraph.co.uk/
  ‘Nothing is safe that does not show it can bear discussion and publicity.”
  These words, among the many pearls uttered by the celebrated 19th century   historian Lord Acton, have often come to me in recent years as the sub-prime   crisis has unfolded. They’ve been particularly on my mind over the past week   or so as I’ve watched events in the eurozone.
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  Investor sentiment in Western Europe appears to have improved over the past   few days. In the aftermath of last weekend’s French sovereign downgrade,   financial markets have staged a counter-intuitive rally, with European   equities reaching a five-month high on Thursday.
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  At the same time, and perhaps even more surprisingly, France and Spain between   them offloaded no less than €14.6bn (£12bn) of government paper last week, at   relatively favourable borrowing costs.
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  Downgrade or not, Paris sold close to €8bn of medium-term state bonds, with   yields falling across the board. Spain then flogged €6.6bn of government   IOUs, exceeding its €4.5bn target, with investor demand driving yields well   below expectations.
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  In the wake of these successes, the euro rose sharply, putting the dollar   under pressure as investors ventured away from the traditional “safe   haven”. Those of us who worry aloud about the monetary union’s inherent   structural flaws, laughed at for years and only taken seriously in recent   months, are now being laughed at anew. “Crisis, what crisis?” the   eurocrats crowed last week. “When will these bickering economists shut   up and accept that the euro is forever.”
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  … for more click here!

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