The Italian bank just went
“Poof, then it’s gone!
Listening to Jim Willie https://www.youtube.com/watch?v=P9PKU-iSn0k
I again realize that the shit could hit the fan rather sooner than later
Of course I know that things can get very exponential very quickly all of a sudden but when it actual happens it’s again a shock of conformation of all the nasty things that would happen.
And since the Banks all entangled in each other it goes something like this with the chained barrels representing the banks in this vivid example https://youtu.be/QeKIbD9CqZk?t=2m21s
So this also means now the French banks get infected while all the losses on the Greek case still have to be written off. And after Italy has left the monetary union Greece will soon follow.
The Danish always have kept their Krones and maybe they did have a point there after all.
The Danish very cunningly accept Euro’s everywhere and you get change in Viking tourist money with big holes in it, essentially worthless air coins.
That could benefit Greece as well but Germany will want to keep Greece in the monetary union because it keeps the Euro cheap so that Germany can stimulate exports.
Greece doesn’t have that many exports so the relative strong Euro for them doesn’t help them at all but many Greek people are still blinded by their early Drachma-Euro switch richdums, and still want to cling to the Euro.
Eventually it won’t work like it doesn’t work right now for Italy. And Italy is 10x Greece.
Belgium Luxembourg, the Netherlands, Germany and Austria is a strong currency block but they don’t want that so they need the weaker brothers in the EMU to keep the Euro low although keeping the Euro low isn’t the worst of problems at their minds now.
The Action plan is what they always do, and are used to, namely just try to kill the next bush-fire before an other one breaks out.
But after the banksters having followed that bush-fire trail for a while they will find the real big fire, which everybody knew was there but was never mentioned openly.
So surprise, surprise, “Well, lookee what we have here