Posts Tagged ‘PIIGS bailouts’

Greek Euro Exit Expectations Growing

September 3rd, 2012 Comments off


Chatter about the inevitability of Greece exiting from the European Monetary Union-the euro-continues to gather momentum. A recent Financial Times poll indicated that a majority of Germans expect Greece to abandon the euro, and prefer such an outcome in lieu of continued bailouts of Athens that are largely funded by German taxpayers.

In the United States, major companies are preparing for the impact of a Greek exit from the euro, as reported in The New York Times.  In fact, major corporations globally are assessing the likelihood that Greece will exit-or be “kicked out” of the euro. It is also said that “the market” has priced in the impact of a Greek exit.

The problem with planning for a Greek euro exit or the market supposedly pricing in such a monetary development is that such a move will be unprecedented, and cannot be properly analyzed or accounted for in advance. For one thing, a Greek euro exit is only the first domino, and may open he way for the other PIIGS nations (Portugal, Ireland, Italy and Spain) to sequentially exit the euro after Athens departs from the monetary union. In short, we are sailing into unchartered territory, as the global economic crisis and Eurozone debt crisis enters a new, and potentially far more dangerous state.







 To view the official trailer YouTube video for “Wall Street Kills,” click image below:

In a world dominated by high finance, how far would Wall Street go in search of profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.







Spain Borrowing Costs Again Soar To Dangerous Levels

July 20th, 2012 Comments off

As Eurozone politicians leverage the future earnings of Eurozone taxpayers (especially Germans) to cover the ever-growing list of bailout packages, interest rates on Spanish 10-year bonds again crossed the dangerous threshold of seven percent. On Thursday, yields hit 7.03 percent. Thus, despite all the fiscal and monetary games going on in Europe to artificially dampen interest rates, the bond vigilantes keep striking back,

As is widely recognized, a seven percent yield on long-term sovereign bonds is unsustainable in the Eurozone. In previous cases where PIIGS countries crossed that red zone (Ireland, Portugal and Greece) they all required huge bailouts from the Eurozone-in the case of Greece two bailouts. Despite all the claims by politicians in Spain and elsewhere in the Eurozone  that Madrid will not need a bailout (despite Spanish banks already receiving a $120 billion bailout) it seems likely that Madrid will follow  in the footsteps of Athens, Lisbon and Dublin. Can Italy be far behind? And how does the Eurozone, meaning principally Germany, pay for the bailouts of Spain and Italy? The answer is, this is mathematically impossible. Which leaves one last option; monetization  of sovereign debt in the Eurozone by the European Central Bank. That means massive money printing, which will wipe out most of the sovereign debt, along with the value and credibility of the euro.







To view the YouTube video overview of “Wall Street Kills,” click image below:


Wall Street Kills,” a novel by Sheldon Filger, presents a dark and shocking view of Wall Street greed that is pathologically out of control. “Wall Street Kills,” available in both eBook and hard copy editions on, portrays the leading characters, primarily Wall Street insiders, as having a pathological drive for attaining vast profits, even if that means engaging in a shockingly brutal plot, in which the life of a celebrity woman must be sacrificed. Controversial themes explored in the novel include the exploitation of sexual violence against women for profit. 

At the core of “Wall Street Kills” is an elaborate plot to kidnap a world famous female celebrity, and murder her in a theatrical spectacle that will broadcast over the Internet in real-time, available for viewing to anyone with a computer willing to pay the steep access fee. The secretive group of Wall Street investors behind the scheme seek to produce the ultimate snuff movie.