Wednesday, March 2, 2016

Germany's Plan B for the Euro Zone Sovereign Debt Crisis

I have now read all of Hillary Clinton's emails released on 2.29.16.

More than a couple were interesting.  Most were completely whited out so you couldn't read anything.

In light of Angela Merkel publicly claiming lying to her people that there is no Plan B for their sovereign debt crisis, here is an interesting email from Sidney Blumenthal to Hillary Clinton describing what to do with Greece and their Syriza Party with regard to their currency union.  It looks like they have at least 2 or 3 contingency plans.

Here is the relevant email.







Now Merkel has repeatedly said there is no Plan B for the Euro currency or Greece or the European Union itself.  Nonsense.  These politicians, scratch that, all politicians lie to their people.  It is their number one skill set unless graft is considered a skill.

Now is not the time to hold any wealth in banks.  When things go bad, as if negative interest rates and talks of banning cash aren't bad enough, the banks have legalized their ability to bail themselves out with our deposits.


It is time to go to the mattresses with your cash.

Personally I would recommend keeping cash in physical notes not in a bank and whatever portion of your wealth you like in hard currency like gold and silver coins.