Euro crisis

The state of Greece shows us why it is crucial to chuck the Chequers deal

So it is “Cabin crew, doors to manual” and, as you settle back and prepare to hand over €20 for an easyMeal, you may be reflecting on that delightful week you just had in the Med – the bustling marinas, the crowded restaurants – and you may conceivably have been persuaded by all those UK cheerleaders for the EU that the euro crisis is indeed at an end.

You may now go along with the fashionable pro-EU narrative, that the nice Mr Draghi of the European Central Bank has cracked it, that the euro is in robust health, that Club Med countries are on the way to durable recoveries. And you may even ask yourself whether they are therefore right – those same London-based cheerleaders for the EU – when…

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Το άρθρο στα ελληνικά βρίσκεται εδώ.

Final Countdown

Global inflation has begun : the elites tremble before the wrath of the dupes

Deutscher Text  /  Μετάφραση στα ελληνικά Italiano

The dramatic collapse of young economies in the world are the first signs announcing the crash of the world financial system. The debt tsunami is rolling . It will lead to an inflation of anger against those whose goal is the exploitation of the world. The end will be painful, says Marc Faber. Christine Lagarde speaks about the breaking of a dam, against which defense lines need to be built up. But the attackers act in self-defense;  millions of people are starting to rebel against the financial system. The situation is changing.

bastilli

Caption: Revolutions always break out when those in power believe that they can lever a piece of bread into a piece of cake ( leverage). The storming of the Bastille  in 1793 , Charles Thévenin .

The alchemists of the global financial system start getting nervous. (more…)