This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

ECB Bond-Buying: The Rape of Europe Continues

Lending money to a hopelessly insolvent economy could not be construed as a "bailout" by even the most warped mind of a Keynesian zealot. As I have observed in the past, it is the most literal example of possible of the metaphor of "putting out the fire with gasoline." Again, this is all just simple arithmetic. The only way in which lending money to a heavily indebted economy could make things "better" is if that economy is immediately able to balance its budget, and thus use those bail-out dollars for constructive economic growth.

What we see instead are the Financial Oligarchs lending money to hopelessly insolvent economies for the sole purpose of temporarily being able to continue making interest payments . . . to those same Financial Oligarchs. It has transformed all of Europe's economies into actual Ponzi-schemes, where only exponential infusions of new debt can delay immediate implosion.

The goal is as obvious as it is evil. The Financial Oligarchs know that their own mismanagement (i.e. plundering) of the West's economies has made "debt jubilee" inevitable. Thus the entire smokescreen of "rescuing" these economies is to squeeze as much total wealth as possible out of these economies -- in the form of "interest payments" -- before that inevitable default takes place.

The betrayal by Europe's Traitor Governments is equally obvious and equally despicable. The whole reason why Western economies have devised intricate systems of bankruptcy law is because of a financial truth that long ago became self-evident. Any time any entity has reached the point-of-no-return with respect to insolvency, it is always best to immediately declare bankruptcy -- and restructure that entity on a fiscally sound financial footing.

Why are these Traitor Governments insisting on destroying their own economies, as opposed to immediately defaulting on debts which can obviously never be repaid? The answer to that question is to ask another question. Who are the only "losers" (other than the Financial Oligarchs) to some mass-default across Europe?

The answer to that question is the politicians of these Traitor Governments themselves. While declaring bankruptcy is the only path toward healing for these economies, quite obviously (most of) the politicians at the helm when bankruptcy occurs can expect to lose their jobs -- for finally, belatedly, acknowledging their own gross incompetence/negligence.

Now we can see the mass, economic rape of Europe for what it truly is. A handful of Financial Oligarchs are systematically destroying these economies in order to (at best) maintain control over their financial empires, or (at worst) delay the implosion of those paper-empires as long as possible. Their accessories to this financial holocaust are a few thousand Traitor Politicians, willingly participating in the destruction of their entire nations -- simply to try to cling to their own jobs.

It begs the need in the English language for two, new words: one that goes beyond "greed" and one that goes beyond "betrayal". And once the Financial Oligarchs are finished with Europe, guess what's coming to North America?



This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $126.41 -1.66%
FB $81.21 0.39%
GOOG $575.33 0.34%
TSLA $200.63 -0.89%
YHOO $44.16 0.39%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs