Banker Insanity Grows, PMs Decline.

by Michael Noon, Edge Trader Plus Two weeks ago, we wrote on Banker’s Grip On PMs Not Over, leading off about the Syriza party likely to fold and sell its Greek citizens into more debt servitude, calling the efforts of Tsipras and Varoufakis Kabuki theater, while still a Greek Tragedy for Greek citizens. In one of what has to be German banker’s prouder moments, complaining about how Greece does not want to pay back money loaned, they led the charge demanding Greek compliance with more austerity in the cards. Wake up Germany and other European nations partaking in the artificial patchwork called the European Union. No money was ever loaned to Greece! Money does not exist in Europe any more than money does not exist in the United States. What the Greeks received was a massive loan of debt issued by the International Monetary Fund. Who authorized the IMF to issue that debt to Greece? From where did the “funds” come? [Hint: Out of thin air.] The IMF/EU/BIS, call the “lenders” whatever you choose, but no money was loaned, just a digitized I.O.U. The notion of money is as phony as any $3 Euro bill. The entire EU and its bloated, non-representative bureaucrats are a massive Ponzi scheme, led by Mario Draghi and a host of other sycophants who would not otherwise get elected even if they ran unopposed. Last week, we wrote about Insanity Prevails; PMs Without Direction. The above is proof of the insanity under which all Europeans live without any discernible objection. Not only are Europeans willing to live in an artificial world, while heavily spied on by their respective governments, they are willing to commit financial suicide by kissing US butt over enforcing sanctions against Russia. How are them sanctions working out for you, EU? Under sanctions designed to punish Russia simply for its existence, as far as the US is concerned, the EU has proven stupidity has no national borders. Germany prides itself for its business acumen, yet the country is suffering backlash in lost business and a decline in GDP as a result of acting as the 51st State of the US. Those mostly southern European countries that imposed a food embargo on Russia are confronted with huge losses as their unsold food has no market. Good thinking, EU. Russia is otherwise prospering quite well, buying food from South America, making more and larger deals with China, selling cheaper oil that is offset by higher in “value” US fiat resulting from sales. The higher valued fiat “dollar” is then being used to buy Western central banker suppressed gold at bargain prices. We guess the US/UK/EU brain trusts have the Russians right where they want them. Keep putting the hurt on! All of the Western [totally insolvent] central bankers, along with the psychopathic leaders of the US/UK/EU under the banker’s charge, will never take responsibility for all of the economic destruction and capital debasement for which they are responsible. In fact, the US is helping destroy the EU as a result of its failed policies of sanctions against a prospering Russia. In order to save face, [like it has any], the US is bound and determined to start another war, even WWIII, if need be, and then blame all of the US economic collapse on its enemies for “creating” economic failure in the US, thereby deflecting all blame from the bankers and politicians responsible. As psychopaths in charge, none will ever take responsibility for their irresponsible actions. Thanks to their actions, every Western county, including and especially Japan, is suffering from an irreversible high debt to GDP, not just irreversible, but also unsustainable. Ironically, guess which three countries did not make the list of the Western world’s worst debt/GDP offenders? Russia, Syria, and Iran. None is in the Western world subject to such fiat economic abuse. Yet another reason why Obama wants to go to war with Russia, no doubt. Last week, Austria, of all countries, found that its “bad loan” bank, Hypo Alpe Adria, aka Heta Asset Resolution, just got badder. Somehow, no doubt confounding all the financial banker wizards, an audit showed an 8.7 billion Euro “capital hole.” Incredibly enough, the bank was recently rated AAA/Aaa, by other bankers, of course. A “bail-in” is imminent. In fact, the Austrian finance ministry said that “creditors can be forced to contribute to the costs of winding down Heta – or ‘bailed in’ – under new European legislation that Austria adopted this year so that taxpayers do not have to shoulder the entire burden.” In a sane world, banks that made bad loans would have to suffer the loss and write them off, even go bankrupt if necessary. In a banker-driven world, aka insanity, all bad loans must be recovered at the expense of depositors and the public. Bail-ins, coming soon to a bank near you, Americans. Take heed…your 401ks/IRAs are all at risk of bail-ins, exchanged for worthless government bonds no one wants. [Not that we expect anyone to take heed.] Why mention the past few articles and point out European financial folly and Austrian banking three-card Monte? Because international Rothschild/elite-led bankers have no limits in the path of financial ruin in which they lead the world, all in their inexorable march to their New World Order, which may already be a fait accompli. Look at what the international bankers are doing to the price of gold and silver. The point to be taken is that anyone who is relying upon fundamental information and/or expectations that governments will make things right is engaging in mental masturbation. The bankers want to destroy the gold/silver markets for the masses. They want to destroy all hope for higher prices, all justification for holding them as an alternative to their artificial, worthless fiat paper. Continue Reading>>>

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