Yes this is it! We have crossed the Rubicon and events in the world economy are now likely to unfold in a totally uncontrollable fashion.
Clueless governments still don’t understand that it is their ruinous
actions that have created a credit infested and bankrupt world. They
will continue to prescribe the same remedy that caused the problem in
the first place, namely more credit and more printed money. The
consequences are clear; we will have hyperinflation, economic and human
misery as well as social unrest.
When will the world finally begin to understand that we have reached the point of no return and that “the voyage of their life is bound in shallows and in miseries”
(Shakespeare, Julius Caesar). Sadly, we are probably not very far from
that point. It is already starting to happen in many countries.
The latest EU and IMF package of $ 1 TRILLION (Euro 750 billion) is yet another futile attempt by governments to abolish poverty by printing paper. Let’s
be absolutely clear, this money does not exist and the EU governments
are hoping by declaring such a large amount that they can con the
Wolfpack speculators. At this point the EU has just picked a
large round figure out of the air. But when their bluff is called by
the Wolfpack and the next attack happens, EU governments will after
initial huffing and puffing start printing unlimited amounts of paper.
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