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La solution nucléaire trouvée pour
régler les dettes de l’Europe est un euphémisme pour « assouplissement
quantitatif à l’infini ».
Toutes les dettes nationales seront réglées
par l’impression de papier monnaie. Les dettes européennes, les dettes
de l’Etat Fédéral Américain, les dettes des Etats
américains. Toutes.
Les papiers monnaie prennent la voie de leur
destinée habituelle, la poussière.
Quelles que soient les mouvements de cabri des
marchés, le prix de l’or va droit vers les 1.650 dollars.
Dans l’article suivant, les Swaps de défaut
de crédit sont appelés les Wolfpacks, les meutes de loups. Le terme est parfaitement
trouvé. La monnaie, papier, électronique ou autre, que les
banquiers centraux fourniront au marché terminera dans les mains de
ces meutes de loups qui déchireront l’Europe.
EU Preps Euro Fund to Fight
‘Wolfpack,’ Debt Crisis
By James G.
Neuger and Meera Louis
May 9 (Bloomberg) — European
Union finance ministers pledged to stop a sovereign-debt crisis from shattering
confidence in the euro as they held an emergency summit to hammer out a
lending mechanism that may be worth around $645 billion.
Jolted into action by last
week’s slide in the currency to a 14-month low and soaring bond yields in
Portugal and Spain, leaders of the 16 euro nations agreed on the backstop
yesterday and told ministers to get it ready before Asian markets open. The
European facility may be worth around 500 billion euros,
said an official familiar with the talks.
“We are going to defend the
euro,” Spanish Economy Minister Elena Salgado told reporters as she
arrived to chair today’s Brussels meeting. “We think we have a
duty for more stability for our currency. We will do whatever is necessary.”
Europe’s failure to contain
Greece’s fiscal crisis triggered a 4.3 percent drop in the euro last
week, the biggest weekly decline since the aftermath of Lehman Brothers
Holdings Inc.’s collapse. It prompted the U.S. and Asia to urge broader
steps to prevent a debt crisis from pitching the world back into a recession.
President Barack Obama spoke by
phone with German Chancellor Angela Merkelfor the
second time in three days, adding to the international pressure Europe has
faced since a hurriedly arranged conference call of Group of Seven finance
chiefs on May 7. Obama today emphasized “the importance of the members
of the European Union taking resolute steps to build confidence in the
markets,” White House spokesman Bill Burton told reporters in Hampton,
Virginia.
‘Wolfpack
Behavior
“In the night, when the
markets are opening, we cannot afford a disappointment,” said Finance
Minister Anders Borg of Sweden, one of 11 EU nations not in the euro.
“We now see herd behavior in the markets that
are really pack behavior, wolfpack behavior.”
European officials declined to
disclose the size of the stabilization fund, to be made up of money borrowed
by the EU’s central authorities with guarantees by national
governments. The meeting started just after 3 p.m.
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