Visualizing Where The Pain Is: Summary Of Biggest Exposures To Italy

November 10th, 2011

FAKE NEWS for the Zionist agenda

Zero Hedge
Wednesday, November 9, 2011

Yesterday’s Barclays report that Italy is past the point of no return was very prescient. As of today, nobody can deny that Italy is about to drag the entire Eurozone down unless the ECB can come up with a real plan to monetize the debt, as opposed to backing some retarded contraption such as the EFSF which only the criminally stupid eurocrats can conceive, and which even the perpetually optimistic market has seen right through at this point. In other words: print. Lots. So until Mario Draghi gets off the phone with the corner office at 200 West for instructions on how to best proceed, here is a visual summary courtesy of Reuters, of where the max pain is concentrated. Needless to say, we are all so lucky that French banks managed to sell off their exposure to unwitting bagholders who took the sticky EURUSD as an all clear signal, instead of what it was this entire time: a side-effect of EUR repatriation as French banks were dumping USD-denominated assets and shoring up capital.

Source: Reuters

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4 Responses to “Visualizing Where The Pain Is: Summary Of Biggest Exposures To Italy”

“…unless the ECB can come up with a real plan to monetize the debt…”

That will certainly cause inflation. It will cause inflation here in the U.S. as well as we struggle to keep up with the falling euro.

So we will have high unemployment and high inflation — stagflation — and the Fed is powerless against such a beast. I think we should get rid of the euro myself but whatever!
Hmm, let’s see – the bottom graph is labeled “Euro zone – bank exposure by country” with a sub-label “Bank exposure to Italy by type of debt” with, by far, the largest amount of debt being held by “non-Bank private”. So which is it? Are the banks exposed, or are the “non-banks” exposed? The largest lender to the Italians appears to be “private, non-bank” entities and are out some $275Billion – oops. Anybody have any idea who these “private – non-bank” entities might be?

Also, Italy doesn’t show any exposure to itself, does that mean Italian banks didn’t loan any money to Italy? Now that’s pretty cool. I wonder what the Italian banks have been doing with all the money the other countries have been loaning them?
I notice that when it comes to hard economic data and graphs that the usual religious nut jobs are conspicuously absent in the comments.
The data and graphs are disinformation. Zero-hedge is the work of a Jewish Journalist who covers for Jewish Bankers.
Italy has a national debt of 2.7 trillion, 120% of the GDP, then there is the private debt. And most of it is due to using the private currency issued by the owners of the European Central Bank(ECB). The only way the Italians can monetize the debt is to put more Euros in circulation, and the only way they can do that is to print more 7%-interest-bearing bonds and use them as colatteral to borrow more private Euros. That means: one more round of the same Ponzi scheme before it goes bust. But one of these rounds soon, it has to go bust. Ponzi schemes can only keep afloat so long as they can expand, and nothing can expand forever. The only real answer is for the EU members to collectively nationalize the ECB, and size all its assets and hang the owners.
And the same goes for America and the 12 “Federal”-Reserve banks and their “Federal”-Reserve notes. The only problem is: it’s the same owners in both cases! Maybe we could toss a coin to see who gets to hang them! ☺