Debts that can’t be paid, won’t be. That point inevitably arrives on the liabilities side of the economy’s balance sheet.
Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in a game of their own.
courtfoolnet on Sep 22, 2011
The ESM is the new European dictator. Whenever it wants, and as often as it wants, it can simply request the euro countries to pay billions of euros within 7 days. They can ruin any government within a week!!!