Bernanke And Germany Wake Up To a Shit Storm!

• No amount of money printing can solve the sovereign debt crisis. You cannot solve a solvency problem with massive injections of liquidity. It is like a blood transfusion for a heart that has stopped beating. Practically, all western banks are bankrupt. The Illuminists know this. They are simply buying time, and enabling their Illuminist banks to further financially rape the sheeple before pulling the plug. All the bankster debts are being dumped onto the sheeple.
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  Bernanke and Germany Wake Up to a Merda(Shit) Storm! 
  Courtesy of Russ Winter of Winter Watch at Wall Street Examiner
  The realization has been shockingly slow, but the lamestream media, such as Bloomberg, is picking up on how toxic the LTRO program has been to the merda-storm countries’ banks. Today, they ran a clip on how Spanish banks borrowed LTRO funds to speculate on Spanish sovereigns at prices that are now well underwater. That’s what happens when the artificial buying frenzy has come and gone. The fact that the Spanish 5-year CDS hit 500 basis points for first time, up 23 basis points, and Italy CDS rose 15 basis points on the day to 433 basis points, signals that those countries will not be able to absorb the blow of all their bankster guarantees, let alone their normal sovereign obligations.
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  Italian banks took €354 billion in LTRO cash and Spanish banks took around €300 billion. Portuguese bank dependence on ECB borrowing rose to a record €56 billion. So in total, these countries’ insolvent banks have now placed over €710 billion in merda collateral with the ECB. The fact that these infected banks are halting trading about every other day should also be transmitting in spades the signal that the ECB literally owns said banks and inherits their losses and their merda collateral, which has been pawned off.
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  There are really only four European countries that backstop all of the ECB, EFSF, etc., etc., schemes. Unfortunately, two of them are the merda-storm countries of Spain and Italy. That means all of the losses that would normally be distributed across a number of larger nations will now fall on the remaining two: Germany and France. I’ve been writing that key European countries are about to toss out bankster agents and proponents of even more austerity in soon-to-be-held elections. May 6 is the key date in Greece and Germany. France’s first round of elections begins on April 22.
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  Tying all the loose ends together is Wizard of Oz Ben Bernanke’s sudden attention to words like “shadow banking,” “collateral” and “vulnerabilities” in his speeches. For those with an elementary ability to connect the dots, this suggests that collateral in general — including the merda-storm variety — has been the subject of some late-night calls during Weekend at Benny’s.
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  And then there’s Ben, the master of obfuscation and butt covering. When this crisis soon hits, Ben will attempt to disassociate the bad collateral as a European problem and nothing with which he would ever be involved. He will argue that owning several trillion in 1-2%-yielding long-duration sovereigns in a country (the US) with a 105% debt to GDP is nothing like what the ECB has done. A few years ago, a trillion-dollar portfolio of housing mortgages would’ve been considered a big deal. Ben should call this European ploy “nossa merda nao fede,” which is Portuguese for “our shit doesn’t stink.” Like chickens with their bungholes ripped out, money will go into a frenzy. From the annals of history, here are some of Brilliant Ben’s priceless insights. Only in the most corrupt systems would someone like this be treated like a demi-god, let alone still have a job.
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  … for more click here!

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