Bye bye Euro, hello Gold & Silver Infos about the demise of the Euro and central banks policies -->Euro Chart daily

New 2011 - 08 - 26:

[06:30 am] Sooner or later Europe has to stop throwing bad euros after good euros: European Endgame

The time for the endgame has come. 2 years left to go - max.

New 2011 - 08 - 23:

[11:30 am] Even the Maestro admits that the euro is about to collapse: Greenspan Says Euro is Breaking Down, Some Bank Collateral is Questionable

[05:45 am] AEP: Bundesbank questions legality of EU bail-outs

Germany's Bundesbank has issued a blistering critique of EU bail-out policies, warning that the eurozone is drifting towards a debt union without "democratic legitimacy" or treaty backing.

It seems like the Bundesbank wants to get out of the euro.

New 2011 - 08 - 21:

[02:00 pm] Now it's on Bloomberg: Merkel Says She’ll Resist Pressure for Euro Bonds

Joint euro bonds would require European Union treaty changes that would “take years” and might run afoul of Germany’s constitution, Merkel said today. While common borrowing might arrive at some point in the “distant future,” bringing in euro bonds at this time would further undermine economic stability and so they “are not the answer right now.”

She not only says that euro bonds won't become reality as long as she is in charge, she also says that it would hardly be possible to implement such 'tools', from the technical point of view. This means that the plans of all those people who wanted to misuse these eurobonds to lie to the bond market once more, are obsolete. Let's see how the markets will react tomorrow. Probably a little 'angry', at least regarding the euro.

New 2011 - 08 - 19:

[05:45 am] The latest from AEP: Bond markets signal 'Japanese' slump for US and Europe

Mr Delors said French policy had been reduced to "trying to stop Germany abandoning ship: but the oversized ego of Nicolas Sarkozy is proving an impediment."

"Besides, it has to be admitted that Europe is no longer a motivating issue for the French," he said.

New 2011 - 08 - 17:

[04:15 am] For those people who have deep faith in the euro, read this: Whatever Germany does, the euro as we know it is dead

This is why the euro, in its current form, is finished. The game is up for a monetary union that was meant to bolt together work-and-save citizens in northern Europe with the party animals of Club Med. No amount of pit props from Berlin can save the euro Mk I from collapsing under the weight of its structural dysfunctionality. You cannot run indefinitely a single currency with one interest rate for 16 economies, when there are such huge fiscal disparities.

This article was written in 2010, but it's still very relevant. The only difference is that the state of the euro is even worse today than it was last year.

New 2011 - 08 - 15:

[08:00 am] AEP, the money printer: ECB is euroland's last hope as bail-out machinery fails to resolve crisis

New 2011 - 08 - 14:

[07:00 pm] Americans are helping too: Official US bailout of European banks in the works

Apparently the banks in the eurozone are about to collapse.

[07:00 pm] Resistance against the bailouts from the Netherlands: Dutch PM: Italy, Spain, France need budget reform

New 2011 - 08 - 12:

[03:30 am] Investors anticipate the endgame – the unravelling of the entire EFSF/ESM structure: August 2011: The euro crisis reaches the core

New 2011 - 08 - 09:

[05:45 pm] They don't want to pay anymore: Dutch Finance Minister Stirs Up EFSF Debate

[05:45 pm] Video: Ambrose Evans-Pritchard: euro is 'unsaveable'

New 2011 - 08 -08:

[08:15 pm] AEP: Eurogeddon postponed again as ECB gains three weeks

Yet as we all know, the EFSF has no money. The parliaments have not even ratified the earlier boost to €440bn. As of today, the fund has barely €80bn left after all the commitments to Greece, Ireland, and Portugal. It remains a fiction.

RBS calculates that the ECB will have to buy roughly half the outstanding tradeable debt of the two countries to defend the line. RBS calculates €850bn. I would put it nearer €1 trillion.

So, obviously markets will turn very nervous once ECB purchases approach the level that corresponds to the EFSF ceiling. They know that the ECB’s Teutons will die in a ditch rather than cross that line, taking the bond risk directly onto the ECB’s own balance sheet.

That moment could come within three weeks.

We'll see what's gonna happen. If there appears another event like the financial distress of a big bank, they won't have three more weeks.

[08:15 pm] That's the reality: Germany Refuses To Bail Out Italy

[08:15 pm] Telegraph: We face recession without shock absorbers as Berlin loses patience with the eurozone

Even Germany's most ardent pro-Europeans seem to have given up trying to find a solution. They are building an alibi for EMU break-up instead.

The German euro-exit is not yet official. However, the euro can crash anytime, including all german bonds.

[08:15 pm] Bloomberg: ECB Bond Buying May Reach $1.2 Trillion

The European Central Bank’s move to buy Italian and Spanish bonds to tame the region’s debt crisis marks a step toward the kind of fiscal union that Germany has opposed since the founding of the single currency.

The ECB bought Italian and Spanish government bonds today, spurring declines in their yields, according to five people with knowledge of the transactions.

[08:15 pm] Unfortunately, there is no ammunition inside the Bazooka: Trichet Draws ECB ‘Bazooka’ to Stem Contagion

Once again, they are trying to avoid contagion by lying. At the moment this works with Italy and Spain, but for how many days?

New 2011 - 08 -07:

[02:30 pm] The Euro is 80% dead: Debt crisis: Is this the end for the euro?

According to Luc Coene, a Belgian member of the ECB's governing council, the central bank had not vetoed buying Italian and Spanish bonds, but it wanted both countries to take further action to earn central bank support.

Four out of the 23 ECB governing council members, including powerful German Bundesbank chief Jens Weidmann, were reported to have voted against the bond purchases. ECB chief economist Juergen Stark and the Dutch and Luxembourg central bankers also apparently dissented.

Nick Bullman, managing director of ratings agency CheckRisk, believes the biggest risk now is that Germany, the Netherlands and Finland – the strong euro members – leave.

[02:30 pm] Only if he gets the permission: TRICHET WANTS FINAL ECB DECISION ON SUNDAY ON BUYING ITALIAN BONDS -ECB SOURCE

New 2011 - 08 -06:

[08:15 pm] AEP: Please Europe, either put up or break up

[08:15 pm] Zerohedge: It Just Went From Bad To Far, Far Worse As Germany Says Italy Is Too Big For EFSF To Save, Refuses To Carry Euro Bailout Burden

New 2011 - 08 -05:

[07:30 pm] Germany is supposed to assume the entire debt of the Eurozone: Explaining How The Just Announced ECB Market Rescue Pledged 133% Of German GDP To Cover All Of Europe's Bad Debt

Says Lewis: "France, Germany contribution to EFSF’s capital would increase to 80% if Spain, Italy had to drop out of guarantee structure. France, German contingent liabilities would be > 50% of GDP if EFSF expanded; added to France, Germany current debt may trigger downgrades to both countries." Yes... and no. As we explained when we referred to a far more accurate and complete report by Bernstein, merely a €1.5 trillion expansion in the EFSF, would mean that Germany is on the hook to the tune of €790 billion or 32% of German GDP. If France is downgraded, Germany essentially becomes the sole backstopper of the entire Eurozone, to the tune of €1.4 trillion or 56% of its GDP. Now let's assume Daiwa is correct, and the full amount under the EFSF has to increase to €3.5 trillion. That means that Germany "contin[g]ent liabilities", in the worst case scenario where France again gets downgraded, and it likely will eventually, would surge to about €3.3 trillion, or an insane 133% of German GDP!

This means the end of the bailouts. The adoption of such liabilities will destroy the ratings of the last remaining countries that covered their bills up till today.

[07:30 pm] Video: EU Begs For A Bailout As Stocks Crash And The Euro Tumbles

[07:30 pm] AEP: The ECB throws Italy and Spain to the wolves

So the ECB is the last institution that can rescue Spain and Italy. But they are on bad terms with each other. Big problem.

[07:30 pm] Understand that the transferunion concept, according to which Germans, for decade after decade, send tens of billions to the Italian/Spanish/whomever government to spend as it will is a complete non-starter: Debt crisis: What is to be done now

We have to check British sources over and over again to be able to read something like this.

New 2011 - 08 -04:

[06:30 pm] Bloomberg: Bundesbank’s Weidmann Is Said to Oppose ECB’s Resumption of Bond Purchases

[06:30 pm] It's on, Europe is burning again: Europe´s money markets freeze as crisis escalates in Italy and Spain

New 2011 - 08 -03:

[04:00 am] AEP: Italy in eye of the storm as cash runs low

Fears of a double-dip downturn on both sides of the Atlantic have set off fresh mayhem in Southern European bond markets, dashing hopes that Europe's summit deal in late July would contain the escalating crisis

"The markets know that the EU's bail-out find (EFSF) won't be able to buy Italian and Spanish bonds on the secondary market for another three or four months because the deal has to be ratified by national parliaments," said David Owen from Jefferies Fixed Income.

The summit accord did not increase the EFSF's firepower above €440bn (£380bn), leaving it unclear how EU leaders expect to cope as contagion engulfs the eurozone's bigger players. The fund has just €275bn left after pledges to Greece, Ireland, and Portugal. City analysts say it may take €2 trillion and a clearer German commitment to halt the panic.

The secret bailout of Italy and Spain is already happening in form of the EFSF - without the permission of the parliaments.

New 2011 - 07 -28:

[01:30 pm] It's only been a week since the big bailout, but it already turns out to be a huge flop: Another European Market Implosion On Weak Italy Auctions, Tremonti Resignation Rumors, Deteriorating Economic Data And Earnings Misses

[01:30 pm] All of the euro-saviors are 'economically challenged' to some extent: Euro Area – Another Intervention Doomed to Fail

[01:30 pm] Was it really the very last bailout last week? Greek bail-out was a one-off, says German finance minister Wolfgang Schaeuble

The German finance minister has warned that he will not bail out every troubled eurozone country in a move that rattled confidence in Europe's response to the debt crisis.

Anytime you hear Schaeuble speak he says something different than before, but because of some strange reason the bond monkeys are still listening to what he says.

New 2011 - 07 -26:

[09:00 am] Zerohedge: The Dynamics Of Doom: Why The Eurozone Fix Will Fail

The only way out of the Eurozone end-game is massive debt forgiveness and a return to national currencies. The first will destroy the banks, the second will destabilize the German export economy. "Extend and pretend" is an endgame, not a fix.

[09:00 am] Johan Van Overtveldt believes that the EU will keep throwing cash into the failing economies until Germany reaches its limits: Germany will turn out light on euro - journalist

New 2011 - 07 -24:

[11:00 am] Telegraph: Euro crisis: it's holiday time for the officials but how long has the latest Greek bail-out really won them?

New 2011 - 07 -22:

[06:30 am] The bond market apparently accepts the euro-rescue: Eurobonds

At least for the moment. The bond yields of the broke countries decrease heavily.

[06:30 am] Just another short-term solution: European Leaders Reportedly Come To Agreement On Greek Rescue Plan

New 2011 - 07 -20:

[10:00 am] Europe's leaders have finally run out of time: Only Germany can save EMU as contagion turns systemic

But there is a larger question: does Germany really want to pay the costs of monetary union any longer?

Certainly not. There are more and more people in Germany who are against further bailouts.

New 2011 - 07 -19:

[08:00 am] "We ask the eurozone governments to find appropriate solutions as soon as possible": Greek default must be avoided, says ECB chief

It's looking like blank despair.

New 2011 - 07 -14:

[06:30 am] AEP: Italy money supply plunge flashes red warning signals

Hopes that eurozone leaders would deliver a "big bang" solution at a summit on Friday have been dashed after German officials said Chancellor Angela Merkel may not attend. Finance mininster Wolfgang Schauble warned against a "hectic" response, a way of saying Berlin will not be bounced into a decision. There is stiff resistance in Mrs Merkel's coalition to steps that drag the country into a fiscal union where sovereign debts are shared.

They probably thought they could get some extra money for Greece and some additional billions for Italy with a "Germany pays everything"-attitude. Mission failed.

New 2011 - 07 -12:

[05:15 am] AEP on yesterdays clucking of the euro-chickens about Italy, which allegedly didn't take place: German 'Nein' leaves Italy and Spain in turmoil

EU leaders seem unable to keep pace with the fast-moving events. Eurogroup finance ministers focused yesterday on details of "burden-sharing" for banks that lent to Greece, no longer the most urgent matter. A summit of top EU officials ended with no hint of how the crisis could be contained.

"We've painted ourselves into a corner. At this point, either someone – Germany, the European Central Bank – has to fundamentally shift position, or everything blows up," an EU official told Reuters.

Seems like they intended to put the rescue of Italy on Germanys shoulders once more, but they refused to just accept the position of being everybodys 'savior'. Therefore the European officials are now pretending that this whole problem officially exist. The euro chickens burry their heads in the sand, as they do most of the time.

New 2011 - 07 -10:

[10:15 am] The euro top-chickens meet for another crisis meeting tomorrow, this time because of Italy: EU's Van Rompuy calls emergency debt crisis talks

[10:15 am] The euro-chickens are flapping their wings: Eurozone split as it takes fresh stab at Greece

They'll continue their Greece-talks on tuesday, but we are currently seeing some more problems to appear on the horizon: Italy, contagion, etc.

[10:15 am] Good characterrization of the euro-chickens in the Guardian: Collapsing Financials

Like a 19th century battalion holding the line against oncoming hoards with depleted firepower and an officer class at war with itself, the euro’s supporters are in a desperate situation,”

New 2011 - 06 -29:

[10:45 am] We see the debt, but where the heck is the solution? Stocks mixed after Greece passes debt solution | Greek Parliament passes key austerity package

New 2011 - 06 -27:

[02:45 pm] Old George ain't too bullish on the euro either: Soros Says a Euro Exit Mechanism Is ‘Probably Inevitable’ Amid Debt Crisis

George Soros is definitely the kind of guy who knows what he's talking about when it comes to currencies. He made his fortune by trading currencies.

Check out this wikipedia article to learn more about this top-investor: http://en.wikipedia.org/wiki/George_soros

New 2011 - 06 -25:

[01:30 pm] Telegraph: The banknotes that could return if the euro collapses

[07:45 am] The EU has 10 days to save the euro and prevent any harm to the world economy after putting its faith in Athens to make good on a vow to impose even more unpopular austerity measures on a restive people: EU has 10 days to save the euro

New 2011 - 06 -24:

[03:00 pm] Zerohedge: Nigel Farage Holds Funeral Procession For Euro In The Middle Of Brussels

[03:00 pm] Papering over the structural imbalances in the Eurozone with endless bailouts will not resolve the fundamental asymmetries: Why the Eurozone and the Euro Are Both Doomed

[03:00 pm] There are plenty of reasons why the euro could fall from here: One More Nail in the Euro’s Coffin

[10:30 am] If we grasp the opportunity of gold convertibility this still-dawning millennium beckons with the possibility of becoming a new golden age: The Emerging New Monetarism: Gold Convertibility To Save The Euro

Professor Robert Mundell urges gold convertibility for the euro, the currency which he fathered, as well as for the dollar. This is a major step forward.

New 2011 - 06 -23:

[12:15 pm] Monsieur Trichet is afraid of what is happening: Trichet: Debt Crisis Is Flashing “Red” - Marc Faber Continues To Like Gold And Silver And Accumulating

New 2011 - 06 -22:

[12:15 pm] Zerohedge: Yes, Another Crisis is Coming… and It Will Be MUCH Worse

New 2011 - 06 -20:

[06:45 am] No agreement: Der Spiegel Claims Merkel-Sarkozy Agreement Has Collapsed

New 2011 - 06 - 19:

[01:30 pm] Video: Nigel Farage: Bankers+politicians = 'unholy alliance' vs people

[05:45 am] GoldMoney: Fiat money inflation in France - Part 1: John Law

[05:45 am] Do you already have Gold and Silver lifeboats? UK banks abandon eurozone over Greek default fears read!

UK banks have pulled billions of pounds of funding from the eurozone as fears grow about the impact of a “Lehman-style” event connected to a Greek default.

Senior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available to eurozone banks, raising the prospect of a new credit crunch for the European banking system.

Standard Chartered is understood to have withdrawn tens of billions of pounds from the eurozone inter-bank lending market in recent months and cut its overall exposure by two-thirds in the past few weeks as it has become increasingly worried about the finances of other European banks.

Barclays has also cut its exposure in recent months as senior managers have become increasingly concerned about developments among banks with large exposures to the troubled European countries Greece, Ireland, Spain, Italy and Portugal.

New 2011 - 06 - 18:

[03:15 pm] With the seemingly inevitable Greek debt default confronting the ECB's suicidal determination to prevent write-downs, something must give: Now is decision time for the euro

New 2011 - 06 - 17:

[11:45 am] Does the IMF have the power to do this? Hardline IMF forced Germany to guarantee Greek bailout

Germany was forced to agree to bail out Greece for the second time in a year under strong pressure from the International Monetary Fund following the resignation last month of its head, Dominique Strauss-Kahn, the Guardian has learned.

Under its acting chief, the American John Lipsky, the IMF has taken a more hardline stance. The fund warned the Germans in recent weeks that it would withhold urgently needed funds and trigger a Greek sovereign default unless Berlin stopped delaying and pledged firmly that it would come to Greece's rescue.

The IMF clearly can't constrain Germany or any other country to bail out another country. The only possibility they have is to block their own bailout-money, and nothing else.

[11:15 am] From the 'disciples of Elliot': Elliott Wave analyst: European stocks will plummet more than 50%; euro doomed

New 2011 - 06 - 16:

[05:00 am] Did they finally come their senses? Eurozone central banks now buying gold, not selling - confirmed

They will need every single ounce they can get their hands on, because as soon as the euro crashes, gold will be the only accepted means of payment, besides silver.

New 2011 - 06 - 15:

[06:30 am] The bilderbergers don't like the euro crisis: Bilderberg Plan to Save Eurozone in Tatters

New 2011 - 06 - 14:

[10:30 am] The euro-chickens are at war - Bloomberg: Trichet’s ‘Cold War’ With Germany Risks Damage That May Force Compromise

New 2011 - 06 - 12:

[04:45 am] Which planet is she living on? Merkel: debt crisis mustn't endanger economy

New 2011 - 06 - 07:

[01:30 pm] Video: ECB integrity is the real debt crisis - Nigel Farage to Barroso

[01:30 pm] Now that boy is turning completely crazy: Juncker Says Euro Overvalued, As G-Pap Willing To Consider Referendum On Bailout Measures

He wants to depreciate the euro? Well, he may do so, but only against gold and silver!

New 2011 - 06 - 05:

[05:30 pm] Time to get out of such a risk currency: Interview with Brian Whitmer: Euro is the riskiest among paper currencies

New 2011 - 05 - 31:

[05:15 am] Zerohedge: Germany Humiliates Itself By Conceding To A Second Greek Bailout, EUR Predictably Jumps Briefly,

[05:15 am] Telegraph: They can try to ‘delay and pray’ but the euro is running out of time

New 2011 - 05 - 29:

[02:45 pm] Bob Chapman: The Euro-Debt Crisis: Greece, Portugal, Spain. The Debts are Unpayable. Once the Lending Stops the Bottom Falls Out

New 2011 - 05 - 28:

[11:00 am] The Problems in the Euro Zone Are All Rooted in Their Single Currency: The Euro: Lehman Brothers Crisis: Just the Opening Act

New 2011 - 05 - 26:

[03:30 pm] Marshall Auerback: To Save the Euro, Germany Has to Quit the Eurozone

This might save the euro, but it would be worth a lot less than before.

[07:15 am] The hidden cost of saving the Euro: ECB's Balance Sheet Contains Massive Risks

New 2011 - 05 - 25:

[06:15 am] CNBC: Dennis Gartman: Germany To Tell EU ‘We’re Out!’

If you’re watching developments in Greece, Italy, Portugal or the other PIIGS of Europe, you may be distracted from the real story.

But he says, don’t be surprised if Germany just packs its bags and walks away. “I think what ends up happening is that Germany says we’re out. We’ve had enough.”

Gartman’s thesis is quite simple. He thinks Germany is tired of paying everybody’s bills.

He thinks that the best thing Germany can do is to leave the euro. This would mean the immediate death for the PIIGS.

New 2011 - 05 - 24:

[02:30 pm] Hello Gold & Silver: Tragedy of the Euro

[02:30 pm] Euroscepticism: Niall Ferguson: The Eurozone Has Become A Government Killing Machine

New 2011 - 05 - 23:

[01:45 pm] Infowars: The Euro Doom Scenario Starts With What’s Happening In Spain Right Now

New 2011 - 05 - 20:

[06:30 am] Battle within the Dutch government about the euro-bailouts: 'We have no choice but to help Greece,' prime minister tells MPs

The Netherlands will continue putting pressure on Greece to reform its economy but has little choice but to agree to give more financial help, prime minister Mark Rutte told parliament on Tuesday night.

Writing off the Greek debt or a return to the drachma will affect confidence in the markets in Portugal, Ireland and possibly Spain and Italy, which will have an ‘enormous effect’ on the open Dutch economy, Rutte said.

Wilders says Greece should leave the euro and that the Netherlands should refuse to help a second bail-out.

New 2011 - 05 - 10:

[09:00 am] The result of Junckers secret meeting: another 60 billion for the broke Greeks: Greece to get new 60 bln euros aid package

The official was reported as saying the new package would cover Greece's projected need of 27 billion euros in extra funds in 2012 and 32 billion in 2013.

This sum is given to them additionally to the 110 billion that were already promised to them last year. No parliament was included in this decision, no debate, nothing. Is this how democracy is supposed to work?

[09:00 am] The Finns are sick of it: Why I Don't Support Europe's Bailouts

[09:00 am] Juncker: Head Of Eurogroup Admits To Lying About "Secret Greek Meeting" Out Of Fears For Market Collapse - "When It Becomes Serious, You Have To Lie"

New 2011 - 05 - 07:

[01:15 pm] The Greek blackmailing: Greece Asks Eurozone For Milder Deficit Targets-Source

So that's what the whole turmoil is about: the Greeks want better conditions, like the ones from Portugal. One should just let em go, it's time for them to leave the Euro.

[04:30 am] Max Keiser: “Greek banks are insolvent, they have less than 10% of the reserves they say they have.”

[04:30 am] Forexcrunch: EUR/USD Falls as Greek Default Near – Analysis of Merkel’s Dilemma

[04:15 am] Total panic all over Europe yesterday: Breaking: Greece Threatens To Leave Eurozone, Reintroduce Own Currency

When they say that something is "absolutely unthinkable" - it's a sign for total panic, that some secret information became public. And Juncker "totally denies" everything...pretty funny.

New 2011 - 04 - 21:

[02:45 pm] Gold will rise in euro and other currencies, as well: Shift to physical accelerates as gold rises in dollars only

The only virtue precious metals investors need, is patience. It doesn't matter if your currency is called dollar, euro or yen. In the end it's all fiat money..which has proven that it regularly returns to its intrinsic value in the long run, which is around the 0-level.

New 2011 - 04 - 11:

[06:45 am] Sharp criticism from the UK: Eurozone ship is on the course that was set for it: heading for the rocks

New 2011 - 04 - 04:

[11:45 am] In the end it's just fiat money.Period. Euro posts best first quarter on record

...or how our friend Barack Obama said: "You can put lipstick on a pig, it's still a pig!"

New 2011 - 04 - 01:

[07:00 am] Ireland's banks performed so badly in the latest EU stress tests that the country's last remaining major independent financial institutions will likely be nationalized: Irish Banks Fail Stress Tests

Many had thought that Dublin's banks had already hit bottom. But, after the release Thursday of the results of the latest European Union banking stress tests in Ireland, Dublin's financial industry looks more like it has fallen into a bottomless pit.

Three years after the start of the financial crisis, the last of what were once six major Irish banks is now to be taken under the government's wing with the expected nationalization of Irish Life and Permanent (IL&P). The results of the stress tests show that the company needs to raise €4 billion ($5.67 billion) to meet new capital strength requirements. The only path left for the bank is a bailout funded by Irish taxpayers.

New 2011 - 03 - 27:

[06:45 am] Very intelligent question asked which the Irish are asking themselves: What Will Happen When Ireland’s Guarantors Need a Bailout?

Answer: everybody is broke then and the euro goes to hell. Soon!

New 2011 - 03 - 24:

[03:15 pm] The number 1 investor of all times gets straight to the point: Buffett: Euro's collapse is not unthinkable

"You can't have three or four or five countries that are in effect free-riding on the other countries. That won't work over time-they have to get their fiscal houses in reasonable harmony," he said.

This statement should finally even put the last tenacious worshipper of fiat money in a flurry, since Buffett only made such statements on a very level-headed basis in the past, considering the fact that the things he says about investing/the economy are precisely watched by the crowd, which is inclined to buy the stocks he buys and to act according to the statements he makes. This statement should sound the alarm bells in your head. If you haven't gotten rid of your fiat money investments yet, then you should consider doing so RIGHT NOW, by finally getting involved in the gold and silver story.

New 2011 - 03 - 11:

[11:00 am] Telegraph: EU paralysis drives fresh bond rout

New 2011 - 03 - 07:

[06:45 am] It's only fiat money: European philosophy cannot solve euro's existential crisis

As soon as the confidence in politics and its actions are gone, the money decreases in value...rapidly.

New 2011 - 03 - 03:

[07:45 am] She's gonna change her mind anyway later on: Merkel pulls brake on hopes of lowering Greek aid cost

New 2011 - 02 - 12:

[04:30 pm] Financial Times: Rui Soares - In the end the Germans pay

New 2011 - 02 - 09:

[07:15 am] The show must go on: Eurozone debt crisis: The calm before the storm

New 2011 - 02 - 06:

[11:15 am] Video: Nigel Farage- Euro Empire Collapsing

New 2011 - 01 - 27:

[09:00 am] These "investors" are buying first Euro bail-out bond: Asian investors lead massive demand for first Euro bail-out bond

New 2011 - 01 - 21:

[04:15 am] Washington Times: The euro's end is nigh

EU members in denial over likelihood of defaults

As European leaders are frantically discussing whether the European Union's bailout fund should be increased from its current size of $585 billion, it's clear that the debt crisis in the eurozone is entering a new stage - one in which events can unravel quickly. At this stage, the European sovereign debt crisis has become a systemic problem for the European periphery as a whole - and not just a series of mishaps in its individual countries. As a result, it also has become a systemic problem for the European banking system, as much of the periphery's debt sits on balance sheets of major German banks.

Both the Euro's and the Dollar's end is nigh. The main question is which currency will perish first. This means both Europeans and Americans must save their fortune which is still invested in paper assets. The solution is to leave the system by buying physical Gold & Silver. These metals always have been money and will be money again.

New 2011 - 01 - 20:

[04:30 pm] Nigel Farage Video: Who do you think you are kidding Mr Rompuy?

New 2011 - 01 - 19:

[05:45 pm] Was that really necessary? Moody's assigns Aaa rating to first EFSF bonds

New 2011 - 01 - 17:

[11:15 am] AEP: EMU policies are pushing Southern Europe into systemic political crisis

She has two viable options. She can choose to save monetary union, first by doubling the size of the EU bail-out fund and halve the interest rate charged so that the debt-stricken states can recover; and then by acquiescing in fiscal federalism and a pooling of debts -- what McKinsey’s chief in Germany calls a "spiral into a Transferunion" – entailing a regime of subsidies for years to come.

That is to say, Germany must be prepared to do for Southern European what it has already done for its own kin in East Germany, but on six times the scale.

Or she can pull the plug, by quietly signalling to the Verfassungsgericht that Berlin would not be too angry if the eight judges declared the EU’s rescue machinery to be unconstitutional, ending EMU as we know it.

For the Germans, the euro transfer union would probably have the effect of a doubling tax burden for an unforeseeable period of time. And all that only for the PIIGS, who continue to live it up, like nothing ever happened. Even the Germans wouldn't accept this, nor would any other state that is currently giving money to the financially weak countries.

New 2011 - 01 - 12:

[12:15 pm] Bloomberg: Merkel Ready to Do ‘Whatever Needed’ to Save Euro

An interesting question would be what or who urges her to say this, who is blackmailing her?

New 2011 - 01 - 11:

[02:15 pm] Otmar Issing: Euro’s Architect Warns About Currency’s Future

[02:15 pm] A euro meltdown might come: EMU debt crisis edges ever closer to the core

New 2011 - 01 - 10:

[03:30 pm] GoldSeek: Gold whips near euro-high as Germany denies Portuguese bailout

New 2011 - 01 - 03:

[06:00 am] 2011, the euros expiry date: End Game: The Euro As a Concept Is Finished read!

Thanks to the blizzard, holidays, and so forth, EVERYTHING that occurs in the markets this week is largely irrelevant. Once the holidays end, we’ll be back to reality in short notice.

The reality is that situation in Europe has literally reached a fever pitch. We have now progressed to the “contagion” point in which the entire system is at risk versus individual countries. To whit, Ireland has only just been bailed out and already Spain, Italy, Portugal, and Belgium.

The clear conclusions to draw from that period in the US are:

1) Each successive bailout will produce smaller and smaller effects until systemic risk hits all at once

2) The world’s central banks are in fact powerless to stop systemic risk once contagion hits

3) The powers that be will do everything they can to maintain the illusion of control despite the clear fact contagion is spreading

4) To the unthinking masses, things will appear to be alright right until we’re literally in the eye of the storm

 

The last paragraph is the most important one: for the masses everything will look normal, until everything collapses within days and hours - because those in power will try to keep up the system with their lies and actions till the very last moment.

[05:30 am] “Indeed the scale of the cuts necessary was only just achieved in wartime": LIVING STANDARDS MUST FALL BY 15% TO SAVE THE EURO

Nice prospects.

New 2010 - 12 - 26:

[08:30 am] You ain't got to care about this if you have gold and silver: The Eurodream becomes a Nightmare

New 2010 - 12 - 24:

[10:30 am] Zerohedge: Bloomberg Sues The Bucket Shop Known As The ECB, Seeks Disclosure Of Secret Greek Swap Documents

New 2010 - 12 - 14:

[03:15 pm] The euro crisis is coming back on the agenda, courtesy of Spain: ECB urges bigger rescue fund as bond investors punish Spain

New 2010 - 12 - 13:

[12:30 pm] That's what it is: The End Game for the Euro

But for the European Union, the bet is so large and the cards so weak, the end game could be even more Draconian: A breakup of the euro altogether.

Already the language and rhetoric is beginning to change in Europe. It’s gone from denial and political-unity speak … to admission and nationalist speak. Indeed, in just the last few days …

Talk of a Euro Breakup Has Suddenly Begun Spilling out of the Continent!

Look at the swelling uproar …

- The Irish Times has just run a headline “Ireland likely to leave the euro.”
- German Chancellor Angela Merkel was said to have threatened to take Germany out of the euro. She denied it. But the swelling political pressures for a German exit are not deniable.
- A UK official and former Bank of England member openly admitted the collapse of the euro was possible.
- An Austrian Central Bank Governor and ECB policymaker said no country in the euro zone was safe from the collateral damage of a euro breakup.
Breakup or no breakup, anyone holding euros should be looking for the exit door.

News have changed. Suddenly they are reporting on countries that might be willing to leave the euro, which has been a tabu up till now.

[12:30 pm] Slovakia wants to leave the euro: Slovakia Needs `Plan B' For Dropping Euro If Crisis Spreads, Sulik Says

Slovakia needs to work out a “Plan B” for dropping the euro and switching back to the national currency to defend itself should the European debt crisis broaden, parliamentary Speaker Richard Sulik said.

“It’s time for Slovakia to stop blindly trusting eurozone leaders and prepare a Plan B,” said Sulik, who is also a chairman of the SaS party, a member of the ruling coalition. “Since we are too small a country to influence the actions of the European Union, we must at least protect values that people living in Slovakia have created.”

Nowhere else top politicians speak so clearly about the matter. Seems like the slovakians are sick of the euro.

[09:30 am] Good luck: Euro has 'one in five chance' of survival, warns CEBR

[04:30 am] AEP: The eurozone is in bad need of an undertaker

New 2010 - 12 - 07:

[09:15 am] Telegraph: Euro collapse 'possible' amid deepening divisions over bail-out

New 2010 - 12 - 06:

[10:00 am] Another sign that the euro is in his death throes - AEP: IMF urges EU to boost €500bn bail-out fund to stem crisis

A firewall won't help either: Firewall needed as eurozone stands on brink of meltdown

New 2010 - 12 - 04:

[05:30 am] Corporate bond market frozen? `The Euro is Doomed'

A senior U.S. intelligence source, who has been monitoring the Irish debt crisis by the hour, told EIR today that, in effect, the European Monetary Union is dead. For the past 72 hours, there has been a total freeze-up of the European corporate bond market. No capital has been raised, especially for Irish and Portugese companies. "It is worse than the freeze-up in the United States in 2008, and there are significant amounts of corporate paper reaching maturity in Europe, that must be rolled over."

The source confirmed that the only way to save the euro would be for the ECB to turn on the printing press and go for "quantitative easing." But, nobody even knows what it is going to cost to bail out the Irish, Portuguese, Spanish, Italian, and Norwegian debt; and there is no consensus among European heads of state and policymakers as to what to do. "They are damned if they do, and damned if they don't. If they start printing euros, to buy up the sovereign and corporate debt, the euro will collapse in value, and this will trigger immediate hyperinflation," the source went on. "We are already on the verge of a run on the banks in Portugal, Spain and Italy. When it takes off, it will happen all at once."

Normally you wouldn't be able to read something like this in the guardian. This means that money will be printed till the hyperinflationary collapse knocks on the door.

[05:30 am] It's already in the media: Angela Merkel warned that Germany could abandon the euro

"If this is the sort of club the euro is becoming, perhaps Germany should leave," Merkel replied, according to non-German government figures at the dinner. It was the first time in the 10 months since the euro was plunged into a fight for its survival that Germany, the EU's economic powerhouse and the lynchpin of the euro's viability, had suggested that quitting the currency is an option, however unlikely.

But only "free" British media is reporting on it. Actually markets should react in a negative manner after this menace to leave the euro.

[05:30 am] Zerohedge: Angela Merkel Threatened To Walk On Euro In Late October, Likely To Do So Again Any Time She Does Not Get Her Way

New 2010 - 12 - 02:

[04:00 am] Video: this is what it's gonna be like: 'Germany will bail out every Euro country before collapsing'

New 2010 - 12 - 01:

[02:45 pm] Video: Nigel Farage: Euro Empire Collapsing, Bailout River Dry

New 2010 - 11 - 30:

[10:30 am] The credibility of the saviors is diminishing: After Ireland Bailout, France, Germany Say Euro Is Safe, But Investors Aren't So Sure

New 2010 - 11 - 29:

[12:00 pm] Markets don't really seem to trust the rescue of the euro: European Stocks Fall as Irish Bailout Fails to Calm Investors; Spain Sinks

[10:45 am] “All debts of Greece, Cyprus, Italy, Spain, Portugal, and Ireland will be fused immediately with German debt: Germany faces its awful choice as Spain wobbles

This is the sort of game-changer that may now be required to save EMU and the Monnet dream. Germany must contemplate doing for Euroland what it has done for its own Volk in the East over the last 20 years – pay big transfers – or watch its strategic investment in the post-War order of Europe collapse with a bang, and in hideous acrimony. Tough call.

AEP draws the comparison of an "emergency"-union between France and the UK in 1940. That didn't work out. One can put off the bond market for some time with such tricks - but only until bonds get sold off dramatically.

New 2010 - 11 - 28:

[03:15 pm] A warning by "god": Jim O'Neill says the euro faces 'black swan' moment

[12:00 pm] Good article in the Telegraph about who pays: Haircuts for all as vexed Germany takes a firm grip on the clippers

And so the pain goes on. European bank shares fell sharply last week as news of an €80bn-€90bn (£68bn-£76bn) bail-out for Ireland sparked fears that senior creditors of Irish banks could soon be forced to accept losses.

In the end it's always the average people who pay the bill. Either as taypayer or through inflation when it comes to a bailout. Or as a saver when it comes to a haircut.

New 2010 - 11 - 27:

[10:15 am] Telegraph: BlackRock's Larry Fink predicts euro will fall to $1.20

New 2010 - 11 - 26:

[05:00 pm] Wall Street Journal: Euro-Zone Debt Crisis Escalates

[04:45 pm] The reign of the democrats will end in suicide: EU rescue costs start to threaten Germany itself

The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union.

The natural end of all euro bail-outs is soon to come - when the las savior need to be bailed-out as well.

New 2010 - 11 - 25:

[01:15 pm] Only printing money: In Response To Concerns That EFSF Funds Are Insufficient, Axel Weber States Simply That Europe Will Just Print As Much As Needed

[01:15 pm] Bloomberg got it right: when the euro collapses, banks gonna crash: Euro Must Stay to Prevent European Banking-System Collapse, Evolution Says

New 2010 - 11 - 24:

[01:00 pm] Bullshit translation: The countdown to the end of Europe has begun: Ireland Gets €85 Billion, As ECB-Germany Schism Becomes Acute

The bank run has already started. And just to confirm that the schism between the ECB and Germany is now likely insourmountable, Nowotny said that he is 'irritated' with Merkel's remarks on the serious situation for EUR. Why, of course Ewald- nobody wants to hear the sad truth that you will be unemployed within a year.

The euro politicians and central bankers should already be incredibly scared. They'll be working on the field pretty soon. All there is left is nothing but lies, like those of this socialist guy Nowotny.

New 2010 - 11 - 18:

[05:15 pm] Gerald Celente: This is the beginning of the end of the Euro

New 2010 - 11 - 17:

[05:00 am] Bloomberg: Euro Dominos Will Fall Until Currency Is Split: Matthew Lynn

Who’s next? First Greece went bust. Now Ireland is on the brink of a bailout from the European Union and the International Monetary Fund.

Don’t listen to a word of it. The euro has turned into a bankruptcy machine. Once the markets have finished with Ireland, they will simply move on to Portugal and Spain, and after that to Italy and France.

This crisis will keep moving from country to country. The only permanent fix is splitting up the euro into more manageable currency areas. Until the euro area’s leaders recognize that simple truth, every bailout they come up with is only going to shift the attacks elsewhere.

The euro is a bankruptcy machine. Everybody can read it on Bloomberg now. The next PIIGS are awaiting the slaughter.

New 2010 - 11 - 16:

[03:45 am] The insane AEP wants the ECB to print even more paper: Europe stumbles blindly towards its 1931 moment

It is the European Central Bank that should be printing money on a mass scale to purchase government debt, not the US Federal Reserve.

Unless the ECB takes fast and dramatic action, it risks destroying the currency it is paid to manage, and allowing a political catastrophe to unfold in Europe.

If mishandled, Ireland could all too easily become a sovereign version of Credit Anstalt - the Austrian bank that brought down the central European financial system in 1931, sent tremors through London and New York, and set off the second deeper phase of the Great Depression, the phase when politics turned ugly.

It's a matter of common knowledge that AEP is an inflationist. But even he ain't able to save the banking system forever, not even by printing some extra paper.

New 2010 - 11 - 15:

[04:30 pm]

Thank you for sending this pic!

New 2010 - 11 - 12:

[08:45 am] Protect yourself from the falling Euro with Gold & Silver: "The Collapse Of Europe Has Begun, The Euro Will Trade Like The Lira In A Few Months"

New 2010 - 11 - 02:

[05:15 am] AEP: Angela Merkel consigns Ireland, Portugal and Spain to their fate

Germany has had enough. Any eurozone state that spends its way into a debt crisis or cannot adapt to a monetary union set for Northern rhythms will face “orderly” bankruptcy.

He doesn't really know what they prepare, does he? The titel could provide the answer. The PIIGS are consigned to their fate. The only question is "when".

New 2010 - 10 - 28:

[04:00 am] Soon to become heating fuel: Eric Sprott On Bonfire of the Currencies

New 2010 - 10 - 18:

[05:15 am] Germany might exit pretty soon: Trichet Says `Overwhelming' Majority of ECB Council Backs Bond Purchases

European Central Bank President Jean-Claude Trichet said the “overwhelming majority” of the bank’s 22-member Governing Council still backs government bond purchases, rebuffing a call from Bundesbank President Axel Weber to terminate the program.

Yes, the overwhelming majority of the ECB wants to continue printing money like crazy, except for Germany. But due to the fact the Germany only has one vote of 22, the others can easily outvote them. So the only alternative is to get out of the euro.

As per usual in politics, it's always the overwhelming majority who pleads for a continuous rip-off of the payers.

New 2010 - 10 - 07:

[12:15 pm] A good explanation of how these "wars" actually work: Currency wars: the phantom menace

New 2010 - 10 - 04:

[04:15 pm] The EZB is monetizing like crazy: ECB Purchases Of Sovereign Bonds Surge Tenfold Compared To Prior Week, Hit €1.4 Billion, On Continuing Ireland, Portugal Fears

Well, the Ireland and Portugal crash is continuing.

New 2010 - 10 - 03:

[08:30 am] Another one: Joseph Stiglitz: the euro may not survive

New 2010 - 09 - 28:

[07:15 am] Video: 'Euro is nonsense, Greek bailout illegal'

New 2010 - 09 - 27:

[09:00 am] Wall Street Journal on the almost-demise of the euro in may: Currency Union Teetering, 'Mr. Euro' Was Forced to Act

New 2010 - 09 - 26:

[06:15 am] The task force was surprised as well: On the Secret Committee to Save the Euro, a Dangerous Divide

Two months after Lehman Brothers collapsed in the fall of 2008, a small group of European leaders set up a secret task force—one so secret that they dubbed it "the group that doesn't exist."

Its mission: Devise a plan to head off a default by a country in the 16-nation euro zone.

When Greece ran into trouble a year later, the conclave, whose existence has never before been reported, had yet to agree on a strategy. In a prelude to a cantankerous public debate that would later delay Europe's response to the euro-zone debt crisis until the eleventh hour, the task force struggled to surmount broad disagreement over whether and how the euro zone should rescue one of its own. It never found the answer.

If such a task force exists, then their task was probably the clearing and settlement of the euro. First they wanted to do a north- and south euro, later return to national currencies. After the Lehmann incident it was obvious that the collapse couldn't be deferred forever.

New 2010 - 09 - 25:

[07:00 pm] They succeeded, for now: A Dangerous Divide On Secret Task Force To Save The Euro

BRUSSELS—Two months after Lehman Brothers collapsed in the fall of 2008, a small group of European leaders set up a secret task force—one so secret that they dubbed it "the group that doesn't exist."

Sounds conspiratorial, but probably isn't. Just the next group founded by the EU which enlarges bureaucracy.

New 2010 - 09 - 23:

[05:15 am] Time for the next euro crisis: Germany Again Openly Opposes IMF, Says Will Not Extend European Bail Out Facility Beyond 2013

Germany doesn't want to pay for all the broke countries.

New 2010 - 09 - 22:

[05:00 am] The crisis cycle: Vicious Cycle

New 2010 - 09 - 18:

[05:30 am] He rather should thank Germany for not leaving the EU yet! Darling attacks Germans over help for Greece

The euro has been permanently damaged by Germany's failure to intervene swiftly during the sovereign debt crisis earlier this year, Alistair Darling has said in an unusually frank attack.

The Euro was "permanently damaged" by the admission of the PIGS into the EU!

New 2010 - 09 - 11:

[07:45 pm] Who supports the Euro: China Buys Euros as Fear of World Depression Grows