Three days ago, Greece interior ministry admitted it won’t have money to pay its June obligations to the IMF. A sizable $1.8 billion needed to be raised and from the looks of it, nobody in the EU is willing to kick the can one more time.
Only recently, Draghi announced its 1.5 Trillion Euro Fed like quantitative easing, bond buying spree, and yet it falls below the bankers’ expectations. In fact, Denmark is now hyper-enticing the bond market by offering a subsidy to those who would buy these toxic derivatives.
Continue reading Euro Free Falling; Draghi is Dragged with it
Syriza’s rise to power in Greece spells the end of the Euro and the high probability of the $100 Trillion derivatives bubble to burst. This obviously is causing sleepless nights for the Cabal.
This is probably one of the reasons why New York City must be shut down in order to give the wolves in Wall Street plenty of time to regroup.
By Pam Martens and Russ Martens: January 22, 2015
The big story this week has not been news coming out of the widely covered World Economic Forum in Davos or the much anticipated bond-buying program in Europe known as QE. The big story is the sheer number of central banks moving into panic mode in the span of a week.
Continue reading Seven Central Banks Take Anti-Deflationary Actions in Past Week
A while ago, ECB President Mario Draghi announced that the Eurozone will print more paper money to bail itself out. This would mean that the banks will continue to circulate worthless currency to keep itself afloat while the population doing the actual hard work is deceptively compensated by it.
No wonder bank CEOs are fattened with huge bonuses even at these trying times.
The European Central Bank President Mario Draghi has decided to flood the Eurozone with Federal Reserve type quantitative easing in the staggering amount of €1.1 Trillion!
As expected the Euro fell, and the Swiss National Bank was right when it decided to decouple the Francs away from the Euro.