The European Central Bank, working with the Federal Reserve, will offer three-month loans in dollars to banks in the 17 nations that use the euro currency in an effort to avert shortages of dollars and a return to the jittery, fearful days of late 2008.
Collapse is inevitable; this is about scheduling the collapse and looting as you go.
In light of public statements by the Mayor of New York that there will be riots if the economy isn't revived soon (after I said on Tuesday that 46.2 million are a potentially large and angry mob), this is a move to delay any such activities or render them impossible.
How is that ? Does anyone you know plan on taking to the street during the holidays, after the holiday mood swing bounce, or when it's a premature 23 degrees thanks to their spraying of light and heat reflecting particles from jets ?
The joint announcement — the central banks of Britain, Japan and Switzerland are also participating — is an attempt to prevent a crisis of confidence in the debt of Greece and other European countries from becoming an all-out global banking disaster.
No it isn't. It's more theft by "looters in suits".
Global markets surged on the news. The Standard & Poor’s 500 index in the United States closed up 1.7 percent, and the German stock market closed up 3.2 percent. The euro currency rose 0.8 percent, to $1.39. The rise came despite news that a rogue trader had incurred losses of $2 billion at the Swiss bank UBS.
Conveniently, every announcement of more loans to fund existing loans in this snowballing time bomb results in billions in profits for banks and the Hidden Hand of Germanic (Bormann group) and Jewish (Rothschild) families running the show that I have detailed on here previously.
SPQR
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