The Collaspe in Europe....Mega has a Theory

[Mega]

Back in 2004, me a bloke running a small engineering shop in Liverpool sussed something was VERY wrong. I became alarmed at the out of control borrowing & house price boom. I went looking for answers & via EJ,Schiff,Faber,Keiser etc i found i was right to be worried....

Events proved us all right, however one thing still bothered me......if a bloke like myself could see the trouble coming....why didn't any of the Central-banking types?

I given it a lot of thought, was it a **** up or a curning plan?

I wasn't too sure until i read this:-
http://www.telegraph.co.uk/finance/f...edemption.html

I think "They" have a plan........."They" want ALL of Europes Gold. These CDS etc all this shadow banking crap....this is a scam...a way to convence the people to give up their Gold & ship it to one CB in Europe.....er in Germany in fact.

Max Kesier has spoken of his theory that we are not witnessing the break up of the Euro, but the 4th Reich......Jim Rickards in his book spoke of the US having 5,000 tons of Gold & Europe if it pooled its gold matching that.....

I think this "Banking Crises" has been engineered to allow a number of projects, Gold backed Currancy & the new German Superpower.............

Mike

[Starving Steve]

Re: The Collaspe in Europe....Mega has a Theory

What good is going back onto a gold standard if the price of gold is so high that no-one gets any gold for converting paper money ( or gold certificates ) into gold? This might be what the stinkers in the central banks are planning to do.

Another shocker which has developed here in California: Choice homes around Silicon Valley are downright cheap--- much cheaper than comparable homes in Canada and Canada's homes are located in shipholes. But the shocker in the real estate transactions in California is that the property titles can not be made clear. No-one has clear-title. The housing market here is a mess because of all of the creative finance in recent years that the Republicans ( the Repukes ) in government allowed and encouraged.

So what good is a fabulous deal in real estate if the clear-title to the property is imaginary and illusive? Again, it is like having a gold certificate that redeems into nothing but imaginary and illusive gold.

Here we are in the worldwide Great Recession, and there is no way out. There is nothing to redeem promises into because no-one has done the work needed to create the clear-title for anything real and tangible to redeem into.

So when a gorgeous home sells at the right price, like the price of 1980, the gorgeous home ends up unsold and back onto the real estate market about a month or two later. They are looking for suckers with deep pockets.

The Great Recession is not about abortion, nor English-only; not about fighting communism, nor the arms-race. The G.R. is all about getting real, about a lot of things including money, debts, titles, value, banking, spending, inflation, the future, security, safety, collateral,...... everything.

LEAN FORWARD