By John Galt
May 22, 2011
The outcome of today’s Spanish elections after a week of heavy and illegal protesting will tell the tale of the tape for the currency markets and the long festering problems of the PIIGS. With S&P downgrading Italy on Friday night (See WSJ- “S&P Lowers Outlook on Italy to Negative on Debt-Plan Risks”), the outcome of this election could well determine the future of the Eurozone as Spain has been declared the line of demarcation and the banksters know that a sudden Lehman style event would be shatter the plans of the central banksters around the world to continue their fiat currency regimes.
Stay tuned as the markets in Asia open tonight along with the U.S. futures, the results should start pouring in at the same time making for a fascinating evening in the financial markets.