THE EBC or EUROPEAN CENTRAL BANK HAS FAILED TO STOP OR EVEN SLOW DOWN THE ENTIRE EUROPEAN SOVEREIGN DEBT DISASTER, (sovereign debt is the debt accrued by the governments of the various countries).
EUROPE IS ON A TOBOGGAN FLYING DOWN THE MATTERHORN WITH THE FIRST MAN BLINDED BY SNOW AND THE LAST MAN GUIDE IN THE BACK IS FROZEN BY FEAR.
GREECE, PORTUGAL, IRELAND, ITALY AND SPAIN ARE ESSENTIALLY BLOATED ROTTING CORPSES, FOUR OF THEM ARE LAYING AND DECAYING IN THE HEAT OF THE MEDITERRANEAN SEA OR THE VERY SOUTH OF EUROPE'S ATLANTIC.
ITALY, SPAIN AND FRANCE (from where the IMF is managed) HAD THEIR STOCKS DROP BY 20% TODAY, GERMANY EXPERIENCED DOWNS OF 15% AND THE UK DOWN 11%.
YET THE ECB IS GOING TO POUR MONEY WITH BIG CHANCE OF LOSING THE WHOLE WAD AND A SMALL CHANCE OF GETTING A RETURN 0F ABOUT 1%?
RIGHT NOW THE ASIAN MARKETS ARE DOWN 4% AND PROBABLY WILL DROP EVEN MORE IN THE NEXT SIX HOURS.
DON'T YOU BELIEVE THE WORLD IS COMING INTO TURMOIL AND ANARCHY?
GOT YOUR PERSONAL SUPPLIES LAID UP?
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