Now imagine in the EU. the safety chute chould be around 500 Mrd EUR . Now we hear from the IWF (with Mr Lagarde (France) at the top. And the French bank in peril. That
the EU zone has to prepare a giant bailout for banks for just around 2 000 000 000 000 EUR.
Impressive, isn’t it? Really. Italy alone has 1 800 000 000 000 € debts. So are we preparing to bail-out Italy. Now why stop there? France debts are somwhere near that I guess and Germany has well traveled beyond 2 000 000 000 000. Now would it be possible to give me a break from this stupidity?
For all those still believing “we can manage” let me encourage you just a tiny bit: “Game over”.
I was preparing to leave Germany last year, my wife disagreed. Now we are caught in this big trap. I’m afraid my entry about new lows will be the understatement of the decade. Well let’s see how far my Puts will tear me. And how long money will be the means to buy anything. Funny colored paper. Who could imagine it’s impact.