Loading ...Europe and the Pending Crisis
The economic crisis appears to be building into the August-October time period. We are showing Panic Cycles in many markets from August into October. We must be on guard for this endless game of borrowing forever with no intention of paying anything back is coming to an end
Head of the European Central Bank, Christine Largarde, has been quietly inferring that a policy shift is taking place which will be a transition in 2022. The stimulus policies have totally failed and the negative interest rates have destroyed the European bond market. Nonetheless, Legarde claims to have plenty of “tools” in the toolbox that she is ready to use which means she has none. The ONLY tool remaining is to rush the digital currency out ASAP for Europe is running out of time.
There are at least 80 central banks around the world that are looking at digital currencies according to Christine Lagarde. She said: “We think that it’s a duty of us to actually have available digital currencies that would operate to the benefit of consumers.” There is nothing the governments ever do that is for the benefit of consumers unless it benefits the government first. Largarde was to end private cryptocurrencies and put an end to their “funny business” once and for all.
There is also a rising crisis in Europe concerning separatist movements. We see rising calls to leave the EU from Denmark to Germany and France down to Spain and Italy. The economic crisis is spreading and the inability of the EU to continue buying endless debt from its member states is coming to an end. The pressure to break up the EU is growing and this above all is driving the ECB to take drastic steps and we may find that they cancel paper money ahead of schedule.