EUROZONE UNDER ATTACK

Can these technocrats pull the rabbit out of the hat just one more time? As the Supercycle deflationary cycle pressures build on the world-wide debt, Europe begins to show signs of implosion. You know its bad when the manipulated government statistics are showing severe strain with negative growth in many Eurozone economies. At least in Europe there is some semblance of accurate unemployment statistics most like because of the heavily socialized back-ups in place that need these levels to function effectively. They haven’t learned how to manipulate these statistics and still give back door money to the welfare recipients. The Germans frown on that.

So where are we now, really?  Is this only about us giving the pretense of stopping the QE printing and turning over backdoor printing to the ECB.  Will it be that easy for the West? 

Will Germany accept the outright QE that the ECB just announced or will the strongest economy in Europe realize they’ve been had. With the sanctions imposed on Russia, Germany is about to get squeezed into a Stagflationary vise that could crush their struggling economy. With France sinking into a deflationary spiral the ECB QE will flood into their banks with the Germans looking like the proverbial sucker at the poker table. I think there just may be a problem developing for the bankers. Watch what happens with Germany. Forget GB, forget Italy, forget Greece…..watch Germany. I think that is where the wrench breaks, and it may happen this year if the Russian sanctions aren’t lifted.

As usual, look for gold and silver down before our Central bankers meet, but miner action signals a continued bottoming process in that sector. Enjoy the discount on physical metal if you’re a stacker, otherwise if this is a trade for you then you have my pity. … gl