This is the big news this week ! Everybody knows this is the big news, come on.
Things are getting ready to blow.
Large banks around the world are candidates for bankruptcy as sovereign nations default.
Everyone says “liquidity” is needed. This means short term loans, but the entity is solvent in a long-term picture. Truth be told, a lot of governments and other entities are holding a lot of assets that are debt instruments (someone owes them money) that will be defaulting. So a lot of entities have a lot more assets on their books than they have in reality.
Economic hardship is coming to Europe on a large scale. And quite probably a lot of political turmoil, as their governments find no outside entity willing to continue the “lend and spend” fantasy.
Exactly...
All of this just addressing the liquidity problem, the debt bombs still remain, with no mention of paying them off.
The nations that have acted responsibly are being punished in this EU scenario, and GERMANY is taking the drivers seat, by treaty.
I thought the euro was a bad idea 20 years ago, and I still think it’s a bad idea. You can’t have a common currency without common policy.
Hey, I’m sure the explosion/implosion will be timed to coincide with Christmas, since most of the God-less elites do so HATE Christmas, Christians and Jesus Christ.