How many times have we gone through the standard operation for the international investment banks to profit on the short of the euro, as is occurring today?

The OTC derivative (credit default derivative prices moving higher) market turns against the Irish.

Media turns focus directly on both the OTC derivative action (credit default derivatives moving higher), and runs multiple stories of the dire circumstances.

The government in question opens negotiations on a form a rescue. Other euro states jump up and down saying why should we finance the country in question.

The media calls this a non-united euro zone. The euro declines into and during the event, consolidating rises thereafter.

The ECB camouflages a great deal of its Quantitative Easing in secretly being the buyer in the bond offering of the country in question. The media lauds the UNEXPECTED good buying in the euro. The euro moves back into the $1.40s where the international investment banks put out their short and do it all again against this time Spain and/or Portugal.

The bad news is that Europe is courting a business disaster by their actions on austerity while at the same time doing QE in the bailout and covert bond buying at auction.

Greece has 110 billion committed which is without any doubt covert QE.

The so called good news if that the perps continue to make a million per minute on the days of covering the euro short. How many times do you have to see this to know it is gold positive and deleterious to the entirety of the Western world's finances.

Please review the illustration below that will in time be proven totally correct. We will have an outrageously volatile euro and the dollar lower on balance.

Respectfully,
Jim