Eurozone Money Supply M3 is Contracting At An Accelerating Pace on All Fronts!
- Is the situation in the Eurozone improving? Didn’t the Illuminist banksters take many steps to improve it? Of course not. All the actions taken have made things worst. It is not an accident that things have gotten worst. This is their intention/plan. The previous bailout for Greece was around €110B. Now it appears Greece will need another bailout amounting to €145B. See: Cost Of Second Greek Bailout Raised To €145 Billion . Has the Greek situation gotten better? Obviously not! Things are going from bad to worst throughout Europe. Illuminist banksters are financially raping the sheeple while pretending to be their saviors!
– - Super Mario is a member of the Illuminist Trilateral Commission and Bilderberg group. Their objective is a One World Currency, Global Supra-National Central Bank and Luciferian World Government. (emphasis mine)
–
Mario Draghi, the Latin Bloc’s monetarist avenger!
By Ambrose Evans-Pritchard, http://www.telegraph.co.uk/
The eurozone money supply is contracting at an accelerating pace on all fronts. The broad M3 gauge has fallen for the last three months in a row. A slump is already baked in the pie.
–
Credit to households and firms shrank by €90bn in December alone. It is the biggest drop in a single month since the launch of the euro, worse than after the Lehman collapse in October 2008 or at any time during the Great Recession.
–
One dreads to think what would have happened to Europe’s banking system and to the solvency of Italy and Spain if Mario Draghi had not come to the rescue before Christmas with unlimited three-year funding at 1pc, against almost any collateral: that is to say, if the mad Hayekians had still been in charge of the European Central Bank.
–
“We know for sure that we have avoided a major credit crunch, a major funding crisis,” said Mr Draghi in Davos. Let us hope so. In the meantime, great damage has been done. The International Monetary Fund expects economic contraction of 2.2pc this year in Italy and 1.7pc in Spain, with further declines in 2013 – if all goes well.
–
This will play havoc with debt trajectories. Italy’s debt will rise to 127pc of GDP by next year. Spain’s will rise to 84pc, more than 11pc worse than forecast in September. There will be scant improvement to the budget deficit in either country. So much austerity for so little gain.
–
… for more click here!
end


