European Crisis – Lets get on with it

Now that European leaders convince themselves that they have cobbled together a pact to save the Euro and Europe itself, it will only be a matter of time until the crisis resumes. Germany has lost its power and has basically admitted the crisis is far too big.

Germany had pushed for creditors to share the pain of sovereign write-offs, those that invested in Euro debt would share the pain of losses and write downs. That was yesterday, it is no longer. To get a deal done, investors in sovereign debt will no be taking losses according to the pact. Bring us your money, you cannot lose. An act of complete and utter act of desperation. Welcome to new world of risk free investing.

This deal should fully exposes the rot within Europe and the fact that Germany gave in so quickly, shows the fragility the European Union. One thing is for sure, the political elites cannot be trusted, they will do and say whatever is required to give the illusion of stability. If you will not buy our bonds, we will force you to buy them or at least will will tell you what it is you need to hear. Those that invest in European debt, deserve their fate. Those that understand the game, have left and will not return until after the collapse.

Europeans are awakening to the gravity of the lies and deception, all that is left is the collapse which will unfold in 2012 as the weakest nations realize they cannot roll their debt and no lines of credit or the appearance of lines of credit will fool investors. the cards are now on the table . Had it not occurred to many that over half the signatories to the pact, including the lines of credit are insolvent themselves. Just saying…

Let the real crisis begin…

Now that Germany has lost its power, the ECB will become the focal point and we know what that means.

About theworldawakens

Have you ever just sat back and said "why is that". I do it all the time but now I am just going to write about it.
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