Rothschild takes £130m bet against the euro

If you agree with me that the euro is a scam to increase the power of Troika elitists (and the politicians on their payroll) then you can ignore the hype that the euro is “in danger of breaking up.” This is propaganda designed to make the masses continue clinging to the Troika tyranny that is killing them.

However this article may be an exception. It seems more legitimate, since Erkki Tuomioja (the Finnish foreign minister) says the end of the euro would not mean the end of the world. “The break-up does not mean the end of the European Union. It could make the EU function better.”

I’ll return to the article below, but first, in most cases, to claim that the euro is “in danger of breaking up” is to claim that the bankers and elitists are in danger of losing power. The reality is that as long as they continue to benefit from the euro’s existence, that existence will continue.

Consider the wonderful scams that the euro allows. The ECB lends money to private banks at lower than 1% interest. The private banks use that cash to buy public bonds with very high interest (6% to 7% in Italy and Spain).

This is a sweet deal for the private bankers.

Since December 2011, the ECB has lent more than 1 trillion Euros private banks, half of it to Spanish and Italian banks. The ECB says this is necessary to save the banks, and to make them start lending again – but why should banks lend when they can get much more profits via the buying-and-trading scam? It’s an automatic 5-to-6 percent profit. The exact same thing happens in the USA.

And since banks are not lending, the Depression continues, which lets corporate lords slash salaries. Sweet!

Sometimes the ECB discretely buys public bonds in the secondary markets from nations that are in trouble. This causes the prices and yields of bonds to go down, so that the private bankers can scoop them up at a discount. Then the ECB pulls back, causing the prices and yields of those same bonds to shoot up.

Again, this is a sweet deal for the private bankers.

The ECB could announce openly that it will not allow the interest of the public bonds to go over a certain level, making it impossible for financial markets to speculate with them. But the ECB does not do that. Instead, the ECB serves the bankers and speculators. 

The ECB tells Spain and Italy they must reduce their public spending (i.e. go deeper into their depression) to recover the confidence and trust of financial markets. But the more they sash their spending, the higher the interest rises on their bonds.

Again, this is a sweet deal for the private bankers.

In Europe, many regional governments have no money to pay their public servants, but that does not mean the currency (the euro) is in trouble.

Regarding the article above, it says that Finland has a lot of euro-skeptics. This is to be expected, since Finland is the only Scandinavian country that uses the euro. Norway, Sweden, and Denmark do not. (The Danish, Norwegian, and Swedish languages are mutually intelligible with each other, but not with Finnish, which is closer to Hungarian and Estonian. We may assume that cultural affinities follow the same pattern. Estonia submitted to the euro currency scam, but Hungary did not.) 

Timo Soini, leader of the True Finn party, says, “Either the south or the north will break away, because this currency straitjacket is causing misery for millions and destroying Europe’s future.”

Here, here. 

“Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up.”

Oh come on.

The euro's exchange rate goes up and down constantly. Rothschild has placed bets both ways (short and long).

Rothschild’s RIT Capital Partners manages £1.9bn in assets.

£130m is only one-fifteenth of that. I think you’ll find that Rothschild simultaneously bet a similar amount that the euro would go up in exchange value. Such two-way bets (short and long) are routine with currency trading, but James Quinn of the UK Telegraph twists this into saying that Rothschild is betting on the euro’s collapse.

England has euro-skeptics, and euro-champions. Quinn is in the latter camp.

“If the euro ends, then so will the world! Save the euro! Save Troika tyranny!”