Update: Moody just junked the Spanish banking system by 1-4 points!
The entire Financial system is collapsing at an ever increasing speed rendering paper/digital money to be one of the most dangerous things to have right now.
Bankers know this and if bankers know John Key knows it too. So if you are wondering why he wants to sell our assets before even a referendum can be held keep that in mind if over the next few months you see Greece go bankrupt, Spain follow suit and the rest of the banking system collapse under the weight of $1.2 Quadrillion derivatives.
Here are some markers as to the progress of the collapse:
- Greece’s finance minister stepped down after only one week after allegedly falling ill after seeing the real figures while the Prime minister had to have an operation on one of his eyes because of a retina splitting off which could lead to blindness if left untreated. Thing is Germany was going to send inspectors to check if the Greek had kept to their end of the bargain. That is to starve their people to receive another bail out in fiat funny money.
- Thousands of Greek are only alive and not starving thanks to the generosity of Cretan farmers giving away their produce.
- For the last week bank a in England has had “problems” with it’s computer system making it impossible for it’s customers to take out money, pay bills or buy food.
- It turns out that China has been lying about just about everything and is in far sharper decline that was previously thought
- The governor of the Bank of England Mervyn King wants to do another round of Quantitative easing but has been told by an expert that that is not such a good idea (Think wheel barrows of money for a loaf of bread, no more savings and that pension you have worked hard for your whole live? )
- Moody which just junked 15 of the biggest global banks is going to trash 3 Spanish banks today even as the Spanish government is officially begging for a bail out.
- And when it all collapses here is what will happen in Europe:
John Key is very aware of what is happening and he wants to do the damage he was supposed to do and get the hell out of Dodge. John Key doesn’t want to do what’s right for New Zealand. He wants to do what’s right for him and his bankster mates as their system collapses and they want to stick billions of their useless, valueless dollars on new Zealand’s bank accounts while they plunder our real world assets.
That is why John Key is in such a hurry and if the opposition does not call it for what it is they are as liable as he is.