De bijdragen op Zero Hedge zijn eigenlijk cartoons op zich. Ze brengen ons bizarre afspiegelingen van het keiharde bedrog op wereldniveau, terwijl de gewone burger zich geestloos dompelt in brood en spelen met het WK voetbal als absolute hoogtepunt .
Submitted by Tyler Durden on 07/04/2014 – 14:04
Ever since 2012, when we first revealed that the biggest problem plaguing Europe’s financial sector is the $2 trillion+
in bad debt on the books of European banks (not our numbers, the IMF’s
), it became clear that the only way
Europe can avoid a complete financial meltdown coupled with currency disintegration, is if it can constantly keep rolling over said bad debt (obviously the only way to do that would be to create an epic debt bubble leading managers of other people’s money to do idiotic things like buy Spanish debt at 2.75%). This is why not only the BOJ launched its mega QE in 2013, but why Draghi also kicked in with NIRP a month ago: the logic – do anything and everything to reflate the biggest credit bubble possible as otherwise European banks will have no choice but to face up to their trillions in bad loans.