[quesney]

One of the interesting comments (basically, a global Ponzi Scheme is unraveling):

Maybe foreign banks, particularly EU banks, are feeling the 1 - 2 punch of collapsing MBS foolishly purchased from the squid and collapsing bonds foolishly purchased from PIIGS.

Thet’ye close to insolvecy now, maybe already insolvent, something’s gotta be done, can’t go back against PIIGS without collapsing the Euro, so they threaten Bernanke they’ll all dump their MBS at the same time (they’re worthless anyway), taking the Fed, Fannie, and Freddie down with them.

So Bernanke folds, handing mountains of digital cash to them ...which of course debases the dollar further.

There’s simply not enough wealth in the world to keep feeding hundreds of TBTF banks around the world to make up for hundreds of trillions of collapsing bond values.

There’s just too damn much debt paper around the world, and it’s all collapsing now.

Sure, they can print currency till it fills the oceans and bail out everybody’s collapsing balance sheet.

But they can’t print wealth, and those oceans of currency chasing limited wealth dilutes those oceans of currency to worthless toilet paper.

And yes those damn bankers will keep printing currency and bailing each other out till every damn currency around the world is worthless and the whole damn worldwide financial system collapses, then every damn government around the world collapses, then every damn nation around the world collapses.

[Uncle Ike]

” But they can’t print wealth, and those oceans of currency chasing limited wealth dilutes those oceans of currency to worthless toilet paper. “

You mean “money” is NOT the same thing as “wealth”????

Hold the rest of the calls - I think we have a winner, here....

[M-cubed]

And yes those damn bankers will keep printing currency and bailing each other out till every damn currency around the world is worthless and the whole damn worldwide financial system collapses, then every damn government around the world collapses, then every damn nation around the world collapses.<<<

and that my FRiend is how we get to 1 world government where we all become slaves to the “elite”....Can U think of a better way??????

[expatpat]

In an indirect sense, QE2 may be trying to save US banks. A great deal of the bad EU loans at EU banks are hedged by CDS's from US banks. In other words, the bad loans are insured by the US's own brilliant bankers, who stand to lose a ton of $ if the EU loans default.

[Former Proud Canadian]

Good post, but do you think EVERY currency will collapse? Norway? Germany? Switzerland? Australia? Canada? Are there no safe havens?

[TruthConquers]

Yeah, the comments there are shockers indeed.

Here is one from my collection that I made from a number of posters on this zerohedge thread:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Look, we can write till we are blue in the face. the explanation is simple, the central and international banks know that all the nations that They give money to will never be able to pay it back. they don’t give a shit about the money, they want to force all the nations to privatize state assets so that the bankers can take them when the countries default.

Why do you think the TBTF can’t produce the actual titles? They were transferred to the international bankers as collateral so we could ask for more loans. The federal reserve knows we will never make good on our debt, but they will call in the collateral when needed and they along with the IMF, world bank etc. will own all the property, state and federal land etc.. so that is the end game for them.

Trade worthless paper for the worlds assets. So don’t delude yourself they will bail out everyone who will take the money and then they will swoop in when they can’t pay it back. The powerful don’t need money, they want our assets, and so they shall.

By everycentometal
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

There are tons more of smart people there writing other similar scenarios.