Years back, probably around 2011, I started talking about my "exploding cigar" theory . . . the exploding cigar being "who gets stuck at the bottom of the ponzi scheme pyramid" we loving refer to as international banking
I said the one who ended up at the bottom of the shit heap would be the EU . . . back then I said several things would happen: (1) a rise in more "right wing", nationalist political parties, reminiscent of those from the 1930's (meaning Hitler, Mussolini, and friends) . . . told this was "impossible", we are seeing it now live and 3-D
I said (2) that the EU would ultimately be left high and dry by other stronger economies wanting to distance themselves from a sinking ship as they began sinking . . . in a backwards way (which may NOT be as backwards as it seems on the surface), the United States' policies towards Europe may be reflective of -- or driving to a head
this "too late to get your financial house in order" Damocles Sword swinging over Europe's head . . . Brexit may also be a part of this "get out of Dodge" before we mine the sidewalks
"strategy"
but the one thing I have talked about most -- and loudest . . . is a "2008 style" bailout of Italy's banking system; I wrote about this a LOT at the beginning of 2016 and like most things I "see" with economics, it always takes longer than I expect
but I said then (something ALSO that I was, repeatedly, told was "impossible" -- due to, in part, banking laws in the EU) that Italy's banks would come hat in hand to the EU
and would need a bailout to survive; literally, "too big to fail"
all the things I predicted, all deemed "impossible" by rational people
are happening right now . . . and this (to me) is the first domino in a very dark and soon to be quite fascinating tale of woe
to fall
https://nyti.ms/2rt2Enb
I said the one who ended up at the bottom of the shit heap would be the EU . . . back then I said several things would happen: (1) a rise in more "right wing", nationalist political parties, reminiscent of those from the 1930's (meaning Hitler, Mussolini, and friends) . . . told this was "impossible", we are seeing it now live and 3-D
I said (2) that the EU would ultimately be left high and dry by other stronger economies wanting to distance themselves from a sinking ship as they began sinking . . . in a backwards way (which may NOT be as backwards as it seems on the surface), the United States' policies towards Europe may be reflective of -- or driving to a head
this "too late to get your financial house in order" Damocles Sword swinging over Europe's head . . . Brexit may also be a part of this "get out of Dodge" before we mine the sidewalks
"strategy"
but the one thing I have talked about most -- and loudest . . . is a "2008 style" bailout of Italy's banking system; I wrote about this a LOT at the beginning of 2016 and like most things I "see" with economics, it always takes longer than I expect
but I said then (something ALSO that I was, repeatedly, told was "impossible" -- due to, in part, banking laws in the EU) that Italy's banks would come hat in hand to the EU
and would need a bailout to survive; literally, "too big to fail"
all the things I predicted, all deemed "impossible" by rational people
are happening right now . . . and this (to me) is the first domino in a very dark and soon to be quite fascinating tale of woe
to fall
https://nyti.ms/2rt2Enb
RSS Feed