Euro on the brink of DISASTER: Germany’s debt plans could send currency into MELTDOWN

Remember what Merkel said in 2012. Destroying to rebuild is the case here.

 

GERMANY could spark the eurozone’s collapse with controversial changes to government debt and bailout rules, a leading economist has warned.

Professor Peter Bofinger, a special advisor to the Berlin-based government, said Italy and Spain could potentially be forced out of the euro and back to their own currencies under new plans.

Under the proposed scheme, investors who hold Eurozone government-issued debts through bonds would have to accept write-offs on the value of their investment before the group steps in to offer bailout cash. Continue reading

The Fed is Now Cornered

As you know, I’ve been calling for a bond market crisis for months now. That crisis has officially begun in Greece, a situation that we addressed at length other articles.This crisis will be spreading in the coming months. Currently it’s focused in countries that cannot print their own currencies (the PIIGS in Europe, particularly Greece).

However, China and Japan are also showing signs of trouble and ultimately the bond crisis will be coming to the US’s shores. Continue reading