ECB President Mario Draghi cuts money-printing (= heroin dose) in half to buy €30 BILLION of bonds each month

Continue to prepare for the coming financial collapse…

Mario Draghi cuts money-printing in half to buy €30bn of bonds each month:

Read moreECB President Mario Draghi cuts money-printing (= heroin dose) in half to buy €30 BILLION of bonds each month

Swiss Mystery: Someone Keeps Flushing €500 Bank Notes (Tens Of Thousands Of Euros) Down The Toilet

Swiss Mystery: Someone Keeps Flushing €500 Bank Notes Down The Toilet:

While there are several comments one can make here, “dirty money”, “flush with cash” and “flushing money down the toilet” certainly coming to mind, perhaps the ECB was on to something when it warned that €500 “Bin Laden” bills (which it has since discontinued to print) tend to be used by criminals.

The reason for this is that in recent weeks, Swiss prosecutors have been gripped by a mystery, trying to figure out why someone tried to flush tens of thousands of euros down the toilet at a Geneva branch of UBS.

And not just once.

The first €500 bills were discovered several months ago in a bathroom close to a bank vault containing hundreds of safe deposit boxes, according to a report in Tribune de Geneve confirmed by the city prosecutor’s office. A few days later, Bloomberg adds that more banknotes turned up in toilets at three nearby restaurants, requiring thousands of francs in plumbing repairs to unclog the pipes. Indeed, AP adds that at one pizzeria, police were informed after the clogged toilet had overflowed

Read moreSwiss Mystery: Someone Keeps Flushing €500 Bank Notes (Tens Of Thousands Of Euros) Down The Toilet

Is #Euroland on #Verge of #Disintegration?

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The Father of the Euro: The Currency “Will Collapse”

The Father of the Euro: The Currency “Will Collapse”:

The Brexit was only the beginning.

Four months ago, Great Britain voted to leave the European Union (EU). The decision caught investors by surprise and triggered one of history’s most violent selloffs.

It erased more than $3 trillion from the global stock market in just two days. And the pound sterling, Britain’s currency, plunged 8% in one day. The pound is now trading at its lowest against the U.S. dollar in three decades.

Read moreThe Father of the Euro: The Currency “Will Collapse”

Marine Le Pen: “I Will Introduce The New Franc At A Rate Of One-To-One To The Euro”

Marine Le Pen: “I Will Introduce The New Franc At A Rate Of One-To-One To The Euro”:

Marine le Pen told RTL radio should would introduce a new franc at a rate of one-to-one to the euro and then allow it to fluctuate, despite previously saying that any new national currency would continue to be pegged to a basket of currencies.

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Cash No Longer King: Europe Accelerates Move To Begin Elimination Of Paper Money

Cash No Longer King: Europe Moves to Begin Elimination of Paper Money:

In the shadow of Donald Trump’s spree of controversial actions, the European commission has quietly launched the next offensive in the war on cash. These unelected bureaucrats have boldly asserted their intention to crack down on paper transactions across the E.U. and solidify a trend that has been gaining momentum for years.The financial uncertainty amplified by Brexit has incentivized governments throughout Europe to seize further control over their banking systems. France and Spain have already criminalized cash transactions above a certain limit, but now the commission has unilaterally established new regulations that will affect the entire union. The fear of physical money flowing out of the trade bloc has manifested a draconian response from the State.

Read moreCash No Longer King: Europe Accelerates Move To Begin Elimination Of Paper Money

Amid global uncertainty, Greek worries stalk markets _ again

Amid global uncertainty, Greek worries stalk markets _ again:

ATHENS, Greece (AP) — Nothing is inevitable in financial markets — except perhaps the return of Greece as a source of concern. More than seven years since Greece’s sky-high debts first unnerved investors and stoked speculation of the end of the euro currency, the country is back in the spotlight for the same reasons.

H/t reader squodgy:

“Not long now….”

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