Best economic analysis: Jim Willie’s Gold & Whirlwind Crisis

Wikimedia Commons *

“Extreme breakdown will occur
when the BIG French Banks GO BUST”
 
Jim Willie CB

Gold & Whirlwind Crisis  

By: Jim Willie CB, GoldenJackass.com
24hgold.com

November 17th, 2011

CNL Editor’s Note: We posted only 200 words from a total of over 5300 — CNLib recommands the reading of the complete and excellent analysis – see link below

  • The Europeans are doing their best to force feed a convenient but cockeyed definition of a debt default event. The Americans resort to old fashioned theft, calling it missing funds…
  • A run on the US Treasury Bonds is occurring by angry foreign creditors. The USDollar is kept afloat by some secret corners.
  • Despite pleading by the big US banks for customers not to extract their money, impressively 650 thousand customers moved a total $4.5 billion dollars out of the big banks.
  • The truth is that keeping the zombie system from expiring and covering up the corruption with propaganda is actually destroying the world as we know it.
  • The big immediate questions center on how much dithering the banker elite that run our governments will permit with malignant motive before the decisions are made ***
  • The biggest and most important danger signal for complete eruption of the European financial crisis is the Italian sovereign bond.
  • “Italy is now mathematically beyond the point of no return.”

  • The French banks bear the largest load for Italian Govt debt, more than double the German load and almost half the entire European load.
  • Witness a possible hidden derivatives meltdown, as the European implosion has a conduit to the United States

Complete article HERE:
http://www.24hgold.com/english/news-gold-silver-gold–whirlwind-crisis.aspx?contributor=Jim+Willie+CB&article=3701469232G10020&redirect=False

copyright ©2010 24hGold

* Image reference:
Economic Psychology, by Taramakin
Source: http://commons.wikimedia.org/wiki/File:Economic_Psychology.jpg

The publishing of this image does not imply that the author endorse this article.

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