by John Galt
January 8, 2012 18:30 ET
The headline in tonight’s edition of the UK Telegraph caused me to do a double take, and the article in full (at the link below) was even more insane:
Uh, since when did Italy go Dutch? This is the most absurd headline of the day but the story only makes it better when one starts reading the details inside of it:
“The euro is not in crisis, the currency has solidly maintained its exchange rate with the dollar,” Monti said on RAI 3 public television, adding that Italy’s “banking system is not under threat”.
“The problem we are facing is that some EU countries have a public debt crisis,” he said. “Our crisis is a systemic crisis.”
Do what?!?!? Perhaps old Monti should take a look at the EUR/JPY chart which is far more indicative of the real crisis than the EUR/USD chart being manipulated by the Eurozone and U.S. banksters:
(chart from ForexPros.com 01.12 1830 ET)
What is it about people with the nicknames or name of “Monty” or “Monti” that think they have a clue about how to save Europe?
Sadly for the Eurozone, the implosion in the banking system and another German victory will be the cost of this arrogance. Too bad for America that we too shall pay the price for the elitist attitudes and falsehoods being promoted by these assclowns.