Financial Armageddon 2.0 – TOTAL BREAKDOWN avoided last minutes before Markets opened
www.berninger.de On Sunday night the Situation in the European banking system had heatet up so much that finally FRANCE went bust. French SubPrime Minister Sarkozy pushed the rescue package as France was de-facto bankrupt amid a dry up for French debt issuance.
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The Keynesian altar has failed. GOD did not hear you (because he doesn’t exist). It’s time to fight the PONZInomics of the status quo and quit paying credit cards and walkaway from underwater mortgage(s). That’s right all one has to do is: nothing, don’t pay one red cent, a pragmatic survivalist strategy that will hold the bankster frauds by the balls. The game is up, the music stops, it’s over.
Where did the “rogue trader” that pressed the “B” button instead of “M” go?
Trade the paper money for silver & gold.
You will not be sorry.
You are an interesting man.
Cheers
Bryan
Did he say “weasons”?
VERRY interesting: the modern financial system REQUIRES steady growth in Debt for business as usual to continue!!! The only way to reduce debt is Devaluation/Inflation (for germany = HYPER inflation).
Alternative is:…countries could adjust exports to imports vice versa. But not going to happen! TRADE patterns is Very RIGID. China remains manufacturer for World. Also Germany, Korea, Japan.
So…this Greece is STILL going to default despite announcement of $1Trn package! and this is a Bluff!!
The package will just swap Greek debt for EU debt!!! Greece has NO GDP growth!!!
This world. Is it safe?
@empressjulz ah, yes. i overlooked that. Thank you for that explanation!
@lMsoCOOL different things cost different euro in each country depending on their economies. so a loaf of bread can be 1 euro in france and 2 euro in italy for example. it wouldn’t cost the same just cos they’re all in euro.
@Needing2Know you’re still screwed cos the hyperinflation would mean you couldn’t afford jack either.
Wow, scary. So if there is a devaluation does that mean it will be a major loss to every person? I am nearly debt free… wonder how I will fair?
they put europe inside a circle,now they say europe needs 2,5 trillion to be saved,and of course moodys will say next day,what?if you say 2,5 trillions the problem is very big,so the spreads will reach the sky,they destroy any solution the stupid europians try to give to the technical problem,the only way is this,they must say to them, do you want your money back?so shut up and wait for your money to be paid when ever we want,but all of the countries together
i’m sorry, but i don’t really understand. When the euro devaluates, isn’t it for the whole of the EU? What i understand from what you are talking about is that the countries in the EU each has an ability to devaluate the currency however they want independently in their countries. Are you suggesting that other non EU countries would also devaluate? (countries big on X to the EU?)
i love you dude. great video! now i understand (more)
Can you say “give me address there”?
JB,
I read that the American banks have exposure to the French and German banks. Can you confirm.
@timmakuk
The libor spread in Europe isn’t too much different from the US. If the European banks were fearful of each other’s balance sheet, the spread would have gappped up.
a lot of “clever” guys that now of course disapear from the forums,use to say that greeks were not working only “eating”money,and came at this point,now i want to see what the experts have to say about how all of the others hard working and good citizens of europe arrived at this same point like us,what i say in football terms?zionists(capital)vseurope,american idiots 20-0,now we have to wait for the new war that they bring to us starting from us(greece)
I pray to God and he has no nation.
@SewEyeSea Well nothing happened, no deutsche mark return!
@comedytracker The Rudd government gave deposit guarantees up until August 2011 tinyurlDOTcom / 233m8t5
@SewEyeSea
Now it’s 6 a clock Sunday 5/16/2010……haven’t heard any about new Deutsche Mark ? I am sure Germany don’t give up the Euro that easily, to much prestige in the Euro for Germany.
@edmack4me Is this right, mate, I did not know that the Perth Mint had been cleaned out. Can you confirm this? I was wondering when this would happen. Thanks for the update edmack.
@edmack4me I was asking the German guy his opinion on this, now I have to endure every self proclaimed economics experts 2 cents