With inflation slowly disappearing across the planet, known as disinflation, and deflation looking a distinct possibility the moment the commodity spike turns down, you have to start feeling sorry for the central bankers who are going to bail out the Euro. They will be required to lend about $5 trillion dollars, which they are able to manufacture out of nothing, and grant to governments, in return for the promise to pay interest. The rate being set so far is between 6 and 7% a year.
Think about that. You need give nothing and then you get $300 – $350 billion a year in return.
The hard-pressed peoples of Europe will then need to pay these figures for at least the next ten years, unless somehow they can pay it all off. The fact is that they will struggle to just pay the interest.
This is how to enslave a continent, brilliantly carried out according to plan.
Will anyone dare to be the first to break with the system, default and revert to running nationally controlled central banks, bringing an end to the power of central bankers to rule the world from above the national level, toying with us like a cat with a mouse. Jerry needs to start fighting back.