"Ben, we need $3 trillion and we need it tomorrow" That is what Bernanke will hear when Italy and Spain are on the precipice. The families will be making a collect call to the Fed. They will not be disappointed.
The Fed shipped $5-6 trillion to Europe to bail them out of our AAA rated sub prime crap fiesta exploded in 2006 and 2007. That bailout combined with $10 trillion the Fed used to help our US banks was disclosed in the last mini audit of the Fed demanded by Senator Bernie Sanders a couple of years ago.
When Germany, the IMF, the ESFS and the ECB make that call, and it is a virtual certainty they will, the Fed will roll over like the whore they are. Once a whore, always a whore.
After the Fed denies they are bailing out Europe the truth will come out. That will be the tipping point to watch for.
The Tipping Point to Look For
Germany remembers the Weimar Republic and that bit of nastiness with Hitler. Germany was one of the strongest countries in the world at the turn of the 19th century. It nearly lost it all in WWI and ended losing the rest of it in WW II. The US bailed them out after the war with the Marshall plan and then we spent a few trillion defending Germany and the rest of Europe from the Soviet military with our military in harm's way. That bail out lasted nearly 50 years. I won't say they owe us but I will say we have a century-long stake in the survival of Europe. Europe got soft and socialistic because we had their back and now the Europeans are paying the price.
Germany will not sign on to a Euro printing binge and they have the stopper to this. They will vote No in Euro printing. But their economy still depends on the rest of Europe.
The suicide pact these PIIGS expected Germany to sign will NOT happen They have the ultimate stopper. However, Germany has an undeniably close connection to the US and the Fed. The Rothchilds and many of the old line Germanic families still have a massive influence on the actions of the Fed. Ask Google for the names of the bankers and people who own the Fed. It reads like a history lesson of Europe of the last 200 years.
"Ben, we need $3 trillion and we need it tomorrow" That is what Bernanke will hear when Italy and Spain are on the precipice. The families will be making a collect call to the Fed. They will not be disappointed.
The Fed shipped $5-6 trillion to Europe to bail them out of our AAA rated sub prime crap fiesta exploded in 2006 and 2007. That bailout combined with $10 trillion the Fed used to help our US banks was disclosed in the last mini audit of the Fed demanded by Senator Bernie Sanders a couple of years ago.
When Germany, the IMF, the ESFS and the ECB make that call, and it is a virtual certainty they will, the Fed will roll over like the whore they are. Once a whore, always a whore.
After the Fed denies they are bailing out Europe the truth will come out. That will be the tipping point to watch for.
The news headlines will read that 'We are helping out our European friends and our multinational firms with their $2 trillion deposited in tax friendly countries. We will even allow these members of the Fortune 500 to repatriate their money so long as they pay a nominal tax of, say, 20%. Better to pay 20% than lose 100% when the banks fail in Europe.
Ben saves the Euro, bails out the PIIGS, saves our companies and TBTF banks. What a happy ending.
Our inflation will rocket upwards along with the prices of PM as $5 trillion in new currency starts flowing around the globe as the multinationals, wealthy and sovereign wealth funds run from Europe and start buying protection with PM and commodities hedges. Say hello to $20 loaves of bread. Phyzz prices??? I have no idea but I think they will go up.
