10/6/2011 - Giant banks failing! Bailouts futile! Take action now!

If someone is trying to assure you that Europe’s latest moves will actually save its giant banks from disaster, you’ve got to see our new video to get the real story.

Just this morning, for example, the European Central Bank announced that it would offer Europe’s giant failing banks some new emergency loans to tide them over. So the market rallied.
But when you read the fine print, you realize all
the new loans add up to a meager 40 billion euros!


That’s barely more than a penny — one miserable red cent — for every euro of debt owed by Europe’s weak-link PIIGS countries (Portugal, Italy, Ireland, Greece and Spain.)
It’s a drop in the bucket that doesn’t even buy a pig in the poke!

The reality is that none — not ONE — of these half-baked rescue plans has made a whit difference. If anything, they’ve just made things a lot worse. So now it’s not just Greece that’s crashing. Now we also have Spain, Italy and France’s largest banks!

The bottom line is that Germany and France can’t afford to save entire countries and giant banks without trashing their own AAA credit ratings.

The only way out of this crisis is for Europe to take its medicine. That means the dreaded D-word — default. That also means big losses and multiple bank failures.

Those events will cause massive dislocations in the stock markets, and I recommend you take immediate action to protect yourself.