The Secret Panic of the Euro Banks: Opinion
VANCOUVER (Silver Gold Bull) -- Regular readers know that going back more than a year now, I have been outlining two, potential (and nearly opposite) scenarios going forward. I indicated that either our economies would plummet into a high-inflation/hyperinflation price-spiral (due to excessive money-printing); or they would simply disintegrate, as the Western financial crime syndicate manufactured another crash in order to prevent the previously mentioned price-spiral.
The latter scenario was precisely what occurred in 2008. However, in a commentary from one year ago titled Why 2011 Is Not 2008, I documented to readers how the "solutions" foisted upon us by the Banking Cabal during this first crisis had dramatically and irreparably damaged all Western economies. The only exception to this mass-suicide was Iceland, which threw the Bankers out -- and subsequently saved their economy saved their economy .
Because all Western economies are much more crippled than they were just four, short years ago, I've indicated my suspicion that the Bank Oligarchs didn't "have the stomach" for another manufactured crash. This is due to the fact that nothing in our economies is more fragile than the bankers' own multi-trillion dollar paper Ponzi-schemespaper Ponzi-schemes.
Creating another "crash" event would detonate so manygigantic losses on Big Bank balance sheets that no amount of money-printing could avert their total destruction. Put another way, it would require so many trillions of dollars in new money-printing just to "stop the bleeding" with these fraud-factories that the result would be instant hyperinflation -- as all the People simply and finally rejected these infinite stacks of the bankers' worthless paper.
We now see increasing evidence that this suspicion is being confirmed. While the media again reports that our economies have plunged into another mega-crisis; this time it is doing so (relatively) quietly. In 2008, the Western propaganda machine was just one, gigantic Chicken Little.
Instead of "the sky is falling," we were warned (in the most shrill, hyperbolic terms) that we were facing nothing less than the total collapse of our financial systems and our entire economies . . . unless we listened closely to the bankers, and did exactly what they told us to do. To emphasize their point, the Banking Cabal deliberately "crashed" the global economy -- the inevitable result when this banking oligopoly colluded to simultaneously cut-off all capital to an entirely debt-based economic system.
Deprive some strung-out heroin junkie of his "fix" and you guarantee a severe (if not fatal) withdrawal reaction. Deprive a global economy filled with debt-junkies of any more debt and you guarantee similar, severe "economic withdrawal" -- an immediate economic crash.
The Big Lie which the bankers tried to pass-off on us was that history's most insane gamblers and reckless lenders were (suddenly) "afraid" to lend anyone money. However (as usual) the banksters' own actions proved they were lying.
Even after U.S. Big Banks had literally been guaranteed infinite, free funding (i.e. unlimited quantities of 0% loans); they still refused to do what they had promised and lend into the broader economy .
For any banker-apologists who would still dare to suggest that the Big Banks don't collude; the bankers have already proven you wrong. In confessing to market-rigging with respect to $500 trillion in Libor-based transactions; this is by definition a crime of collusion -- since the Libor rate itself is set collectively, by these same Big Banks.
In 2012, we see the bankers and the Corporate Media again colluding. However, while in 2008 this tag-team unfailingly acted to amplify panic; today our don't-worry-be-happy media optimists simply say to us again and again "problem solved."
By my unofficial count, the propaganda machine has announced a "solution" to the (made-in-the-U.S.A.) "euro debt crisis" on approximately a hundred separate occasions. That's a very impressive performance by Europe's bankers and Traitor Politicians -- given that this "crisis" is a mere three years old.
Today, we see these fearless leaders proclaim their 100th solution: nothing less than "unlimited bond-buying" and "a soup kitchen" for all of Europe's Big Banks. More specifically, this is precisely what European governments did during the worst of the crisis in the Crash of '08. The only thing missing between now and then is the general panic.
Lest we have any doubts that this new crisis mirrors the crisis in 2008, Bloomberg is very explicit:
The European Central Bank's decision to relax bank funding rules to mirror conditions last seen after Lehman Brothers Holdings Inc.'s collapse signals hard times for lenders.
"The soup kitchen for impoverished euro-zone banks is re- opening," said Simon Maughan, a strategist at Olivetree Securities Ltd. in London.
Obviously Europe's bankers and Traitor Politicians have panicked; given they have duplicated their actions from that 2008 crisis, which (at the time) represented the most extreme, reckless financial policies ever undertaken by our governments
But it's a secret panic; because instead of media Chicken Littles wailing (to the Little People) that "the sky is falling" we have the Banker Apologists deployed to soothingly assure us "problem solved."
In the U.S.; we have the proverbial "calm before the storm." The government just confessed that the number of non-employed employable Americans (once known as "unemployed") had hit yet another 30-year high. In other words there are less Americans with jobs today than there were when the "economic recovery" began in 2009.
It's only a matter of time until even the most dim-witted American Sheep pulls out their fingers and toes and starts doing some "calculations." When it sinks in that less people working today than in 2009 means that the U.S. economy has been steadily losing jobs throughout the last three years, they will (finally) realize that the entire "U.S. economic recovery" has been nothing but a giganticmedia/government lie.
Meanwhile, B.S. Bernanke busily (and secretly)counterfeits U.S. dollars with his magic printing press. With the U.S. already clearly bankrupt , this means U.S. Treasuries are already worthless. However, the world's biggest Deadbeat Debtor can only delay debt-default by manipulating Treasuries prices to the highest level in history -- since that minimizes interest payments on the U.S.'s $16 trillion national debt.
Thus Chairman Ben secretly counterfeits U.S. dollars in order to secretly buy up every U.S. Treasury in sight, the only way that implosion of the Treasury market Ponzi-scheme can be delayed. What the European Central Bank has just proposed doing is exactly what Chairman Ben has already been doing for the last three years, and for exactly the same motive: to minimize interest payments for Europe's Deadbeat Debtors.
In other words, not only does the U.S. already have its own Secret Panic, but it's much further advanced than that of Europe. The reason why B.S. Bernanke secretly (and illegally) does what Europe is about to do openly is because the U.S. economy is in actual fundamental terms far more crippled than the economies of Europe.
It needs the Federal Reserve to secretly engage in this bond-buying because in the words of former Goldman Sachs banker Jeffrey Christian, manipulation works better "if the market doesn't see you coming." One of the Principles of 21st century Western banking is that when you're manipulating markets you will be more successful if you also hide it/lie about it.
Yet while it seems that the Banking Cabal and Corporate Media have committed themselves to a "secret panic" strategy; we must never forget the old cliché of the perils of dealing with cornered rats. And we must keep in mind that we are truly dealing with "psychopaths."
Only psychopaths would ever conceive of perpetrating a $500-trillion crime, since it's a little too large to conceal indefinitely. More to the point, after they had been caught, only psychopaths would retain the audacity to argue that they should be allowed to continue their crime, since (according to the Criminals) their fraud itself was now "too big to fail."
If (when?) commodities prices are again spiraling out of control -- and hyperinflation beckons -- we cannot rule out the psychopaths playing the Crash Card one more time.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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