As was to be expected, over the weekend the Irish Goobermint caved to the Illuminati and have at least in general terms agreed to ask for a Loan from the IMF/EMU, although the exact details of what they are going to “ask” for have yet to be spelled out in the MSM. The announcement here on Sunday night is meant to quell anxiety before the markets open for biz on Monday morning. At least in the early trading, this is functioning as expected. The Euro is trading up again, and for the moment Bond holders of Irish debt have had their fears of a Haircut relieved.
However, the most important party to this transaction, the Irish people who now have another $25K or so per capita tacked onto their personal indebtedness have yet to be heard from. At least one of our members here Hubris who currently lives in Ireland is of the opinion his Irish brethren are about as cowed as J6P here in Amerika, and will basically react to this by crowding the Pubs, chugging Guinness and complaining loudly to each other about their Goobermint stooges, but not much else will occur. According to him, the IRA is a Paper Tiger, and any bombings or assassinations that might evolve from this will be False Flags actually perpetrated by MI5, British Intelligence.
I personally find it hard to believe that the Irish won’t at least react with some Strikes and then depose the current Goobermint with a new one, since its popularity is sinking to all time lows. Of course similar to here in the FSofA, anybody new they drop in there will also end up caving to the Illuminati. The next week will be an interesting one to watch and see if there is any real reaction out of the Irish people or not for having been sold into Debt Slavery by their Goobermint.
Now, the Ink isn’t even dry yet on the supposed agreement reached here, but already the Bond Vigilantes have moved onto the next weak link in the PIIGS chain, Portugal. Bond spreads are widening there, and they have even less cash on hand than the Irish do, so in pretty short order here they will be getting a visit from the IMF/EMU Hit Squad of Bankster Cleaners. Then onto Spain, then onto Italy.
One can expect Helicopter Ben to open the Fed Money Spigot to Full On in order to facilitate this charade, although by the time this Parade makes it to Italy my expectation would be Angela Merkel will have had enough of Bailing out the Lazy Latins of the South with hard earned Teutonic Cash. Even if she doesn’t though, once the Bond Vigilantes finish with the last of the PIIGS, they will move into the Core and go after France and Germany itself. The Cascade cannot be stopped, it has to work its way back to the core. On a Global Level, with the Dollar as World Reserve Currency, the Last Stop on the train to the end of this Monetary system will be DA FED, of course.
As the train moves along through each of these Stops, its impossible to determine just how many Trillions Helicopter Ben will print to keep the European Toilet system flush with Liquidity. This above and beyond the QE2 ship he set sailing a week or two ago or so to keep the Homeland Money Toilet Flushing. Exactly what he will do when USTs are attacked is anyone’s guess, but I swear I still can’t see how it will get that far before the Daisy Chain gets broken.
Even after each of these Nations in turn gets its Bailout Loan from the IMF, even assuming Helicopter Ben has another trick up his sleeve to perpetuate the agony once the Bond Vigilantes hit on USTs, next year we go through the same process all over again as each Nation fails to meet its Tax revenue targets and needs another Loan to roll over last year’s loan. Welcome to the World of the Perpetual Bailout!
In the meantime, back on Main Street worldwide, Unemployment continues to grow, Goobermint services continue to be cut until finally what your Goobermint gets cut down to is just the CONgress or Parliament and the associated Military Police necessary to surround the buildings to keep them from being Torched. I don’t care how cowed J6P is, once the SNAP card system goes down J6P himself will SNAP. So sometime before that actually occurs, or when it occurs, then comes the official declaration of Martial Law, and bye bye any pretense at Due Process of Law or any other guarantee in the Constitution.
So back into prediction mode, I give this deal maybe a year to play out. Given my track record with this sort of prediction, you can take that with a few grains of salt, obviously. LOL. Hopefully, somewhere along the way in the next year some set of Politicians somewhere grow a pair and Just Say No to Drugs, aka Illuminati Debt Money. Once one country does it, also in Cascade mode every other country will also. Of course you still get more or less the same result of Martial Law, but at the same time it will get the restructuring going that much quicker and make it a good deal more difficult for the Illuminati to maintain control of the strings of power using Money and Debt. Thereafter, they will have to maintain control by Force, for as long as they can control and maintain the military.
I’ll conclude here where I started, with the Irish People, who have not yet had a chance to react in some way to being sold out by their Goobermint. After all the years of the Troubles, all the Blood that was spilled from the time of Sinn Fein to the Irish Republican Army, I simply cannot believe that there isn’t some long dormant cell that will awaken here, but I do for the moment have to accept the local wisdom of our Irish Expert Hubris that all the Irish will do is moan and complain to each other across a Pint of Guiness. Time will tell.
PS: Since I wrote this last night, morning newz on Zero Hedge has it that Sinn Fein is trying to take over Goobermint Offices.
As Yogi Berra said. “It ain’t over till its over”