Warning From Europe: “Consequences of Failure Would Be Catastrophic”
January 13th, 2012
This morning we learned that, like the United States in 2011, the credit ratings of France and Austria face an imminent downgrade, once again proving that the stability of some of the world’s leading economies is in a state of extreme distress. It is our view that ‘AAA’ is still over rating France (and the United States).
Both, Europe and the U.S., have now taken on policies of reckless stimulus spending, currency manipulations and monetary easing under the pretext that a recovery is taking place and more intervention is needed to make sure we maintain stability in the system. Despite what we are being led to believe by our dear leaders, however, there is no long-term solution. All they can do now is placate the masses until such time that the system completely buckles and a can of hurt is opened up on the people of the entire globe.
For three years now, economic leaders from France, Germany and even the United States have failed to find a solution for the debt crisis in a single nation – Greece. If this debacle has shown us anything, it’s the fact that this whole situation is spiraling out of control and no one has a clue what to do.
We have literally been swinging from recovery and stabilization to collapse and catastrophe on a daily basis.