Euro TARP and Euro troubles

The CR News Reports© is a copyright publication of Channeled Readings®. The following predictions on COMMODITIES and CURRENCIES were channeled on May 11, 2010 directly from our “Higher Intelligence Source” and not from what we, the Mediums may think, reason, guess, analyze or anticipate from probabilities or trends. These predictions are not based in conspiracy theories or come from a doomsayer’s slant. We provide Survival News Predictions to help you overcome any fear of the future you may have and empower you to prepare for what’s coming… The EU pledged a $1T bailout to prevent its government debt crisis from growing, sinking the Euro, stocks and the global recovery. It seems that the European countries are spending their way to bankruptcy. Once a country can’t pay its debt, it just defaults, wants other countries to bail them out, and this starts a domino effect across nations. But is $1T enough? Let’s see who owes who…Greece owes about $236B, Ireland $867B, Portugal $286B, Spain $1.1T, Italy $1.4T. That’s almost $4T dollars owed. Most of it is owed to Germany, France and the UK. However, some of it is owed to each other. That is, one broke country owes money to another broke country and vice versa. For example, Italy owes France $511B which is 20% of the French GDP! It seems that there is not a debt crisis in Europe, there is a spending problem, just like in the US. People and countries spend more than they make. When they want more, they just spend it on credit, hoping to make the minimum payments on their credit cards when the bill comes in. But will this bailout mentality fix the problem? Or, is it like giving more heroin to an addict, hoping he will get well? And considering that the largest European nations like the UK, France and Germany owe a lot of debt themselves, how will this ever work?… Go ahead with your predictions and commentary…

“We predict more troubles for Europe and the Euro. The panic over Greece and the possible collapse of the Euro has been temporarily halted. You see that Europe, in addition to having a sovereign debt crisis in most countries, also has a spending problem. This spending problem is the result of social and governmental programs and projects. It seems that as the Euro was increasing in value, countries large and small borrowed more and funded huge projects hoping to pay for them with the increasing in value Euro.” continue MEMBERS-read the rest of these predictions in the CR News Reports©, or click HERE to order yours now to get all the “News Before It Happens … The Nostradamus of the NEWS.” Not a Member? … want to listen to this entire prediction?

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