The video below from David McWilliams explains brilliantly how the EU has gotten itself into the position it finds itself and where we are heading. The main points are as follows:

Because a Greek default would have bankrupted European banks the ECB used LTRO to pump money into Banks

Banks (via cash for trash) borrowed at 1% and bought sovereign debt at 6% (making 5% profit)

Germany will gets eurozone in its own image minus Greece(when its dumped out)

Banks continue on until another country breaks down under pressure and crisis starts all over again.

BRILLIANT PLAN!

AND WE PAY FOR IT ALL

 CONTINUALLY

 

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