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Gypsy
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Europe’s Mexican standoff - Goldmoney -

The banks saturated the world with debt; so much so that the debtors could not make enough money to pay back the banks. AT THAT POINT: THE BANKS SHOULD HAVE FAILED and fallen into bankruptcy. That didn't happen. The CENTRAL BANKS wanted the banks to RE-CAPITALIZE ~ but rather than print money, hand it out to the DEBTORS, and allow the payment-of-debt to re-capitalize the banks ~ the Central Banks printed money and gave it to the banks. How dumb is that?? The enormous debt of the debtors remains; and so bankruptcy is a Permanent Condition of all the banks. I'm so glad I could clear all this up for you.

Commented 4449 days ago

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Beginning of the headline :Who’s going to blink first? That’s the question many market watchers find themselves pondering today, following European Central Bank President MarioDraghi’s comments yesterday during a news conference in Frankfurt.Draghi confirmed that the ECB is prepared to conduct “unlimited” “unsterilised” “outright open market operations” to cap the rise in PIIGS bond yields, but stated that this would only occur onceeurozone leaders had activated the twin EU bailout funds (the EFSF and ESM)... Read More

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