– NIRP In One Picture: €400 Billion In European Government Debt Currently Has Negative Yields (ZeroHedge, Dec 10, 2014):
From Bank of America:
“The chart shows that around €400bn of Eurozone government debt and bills in our bond indices currently have negative yields…. In the topsy-turvy world of negative rates in Europe, it will seem as if credit is becoming the new government debt in places.”
This number is only set to grow as Europe discovers it is Japan.
All the more reason the EU needs the E120 billion Russia was providing in GDP to their union each year…………that has stopped thanks to the fool sanctions originated by a petulant US……and the sanctions are going to be lifted now the US has foolishly sent tanks towards Russia.
This seals the US as a rogue nation, and verifies it as a political madman that must be stopped. In 1940, we all took up arms against such a nation, this time, all that is needed is for the EU to abandon the dollar for BRICS open basket of currencies. Once that happens, the dollar will collapse, and the warring will stop because military contractors don’t like working for free. The US political sock puppets are in the hands of a madman, and it has to be stopped.
Abandoning the dollar, and borrowing money from BRICS will be far easier for the EU than providing troops and coalition for a military world war. The real WW3 was economic, started in 2010 by Hugo Chavez, carried to completion by Russia and China, and it is about over. The US lost.
In the meantime, a very sane and sensible Putin has organized BRICS, and they established a pool of funds equal to E100 billion to loan to smaller nations who need money, but don’t want US financial domination. How many countries in the EU fit that description?
The game is up. Sending tanks to Russia was the last straw. The US has to be stopped.