Central Banks Promise To Save World On Monday If Greece Elects A Crazy Person This Weekend !

Photograph: Petros Giannakouris/AP

• “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
   - Ludwig von Mises, Austrian Economist
  -
• You cannot solve a solvency problem with injections of liquidity. How does lending more money to a bankrupt nation make it any less bankrupt? This is the solution offered by these Illuminist central banksters: more debts piled upon existing debts. It creates an even bigger problem! They will QE to infinity and cause a global currency crisis. It is intentional. The Illuminists want a global collapse to force the world into their New Financial World Order, One World Currency, Global Supra-National Central Bank!
  -
• Eventually, these central banksters will make gold into a Tier 1 asset and their banks will accumulate physical gold. They will then revalue the price of gold upwards easily 8x-10x. For eg. If a bank is bankrupt with outstanding debts of US$10B and US$1B of physical gold. The banksters will simply declare the physical gold as now worth US$20B (ie. gold price revision upwards by 20x). The bank is immediately solvent and no longer has to contract loan portfolios to bring it inline with capital adequacy ratio (CAR) requirements. It can then begin to lend out even more money. This act of revaluing the price of gold upwards is thus inflationary. Thus, the banking system is saved !
  -
  Central Banks Promise To Save World On Monday If Greece Elects A Crazy Person  This Weekend ! 
  by Stella Dawson, Reuters 
  WASHINGTON (Reuters)  – Central banks from major economies stand ready to take steps to stabilize  financial markets by providing liquidity and preventing a credit squeeze if the  outcome of Greek elections on Sunday causes tumultuous trading, G20 officials  told Reuters.
  -
  A senior U.S. official cautioned that the Greek election will not provide  “the definitive signal on what happens next” in the euro zone debt crisis. But if severe market strains emerge after an unusual confluence of three  elections this weekend – there are important polls in Egypt and France as well -  central bankers are on standby to ensure enough cash is flowing through the  financial system.
  -
  “The central banks are preparing for coordinated action to provide  liquidity,” said a senior G20 aide familiar with discussions among international  financial diplomats. His statement was confirmed by several other G20 officials.
  -
  read more!

end