France to guarantee deposits for its citizens/banks 4) yet another country within the EU collective has had to declare is own intention to guarantee
is own banking struture and its citizens deposits separate from the EU. This is *potentially* another Iceland problem as the total insured deposits
are rumored to be several times the GDP of France. Yet another nail in the EU coffin.
5) LIBOR rates are still screwed, and banks are still failing, globally, and pretty much any and all banks which got into the SIVs, CDOs or other
'specialty vehicles'. Note such headlines... and the timing... www.marketoracle.co.uk...
6) various military components are also expressing themselves. This includes Iran and airplanes as well as Israeli TeeVee and their open discussion of
the 'attack on Iran' being 'vetoed' by TPTB due to fears of huge losses of American soldiers and mercenaries in Iraq should Iran retaliate.
7)...other economic details piling up....
....so where from here.
Firstly there were many emails from people who, in their minds, heard 9/11 and disregarded what we are saying about the emotional tones. They were of
the opiniion that 9/11 meant some form of attack, probably nuke-lar, and they were disappointed?!...
What we maintain, is that from this point forward, the release language grows, daily, and at intensity levels which are greater than 9/11. We are
already seeing this. Go read some of the icelandic media, and the release language is clearly there to be seen. There are several millions of people
globally already affected by the crumbling of the icelandic banking system/currency, and that will grow as the currency disease spreads about the
planet over these next weeks and months.
We have shifted into release language. It is dominant now (marginally) and as the days progress, and bank after bank, country after country begin to
topple as the currency dies beneath their power structure, the expressions of the release language will grow. By the time that we (the planet) reaches
February 19th, we will all be totally sick of the release form of language.
Oh, and given our track record of being a few days early, it would not surprise us to find that this is another situation as in Pakistan and the
capitulation of Mussaref where in the 'negociations' were done on the day we had chosen, but the announcement and the implementation came the
Our best guess as to scenario goes to a continuing, inexorable, grinding down of the global economy as a result of the dying of the usofa dollar. We
expect that each day brings more release language, and more behavior alteration which begats even more release langauge as it all piles on...day after
day after day for months. With a few exciting release gasps thrown in just as seasoning on the mix.
Oh, and by the way, the military component is now rising as the 'rumors' of a 'pending biologic weapon/disease attack' are appearing. AND there
are some levels of confirmation that the officialdom of the US is already responding to the 'information'. Hmmm.
So hopefully we can get a few minutes away from the phones here to examine the data streams. We do note that we have had a large, and continuing
increase in data since about 11pm last night.
Part Five will bring in the first of the new data sets.
Vale, clif and a very tired igor. "
Depending on how the rest of the week goes, this could either turn into "crash week" or the week the "Euro busted" or any number of other economic