Collapse of the eurozone banking system, update and explanations at the start of trading on 10 July 2024...
As a reminder, more than 500 billion euros left the French financial centre before the first round of parliamentary elections to take refuge, in particular in Bunds, whose yields logically fell as their prices rose in response to strong demand. The following day, Monday 1 July, capital left the Bund en masse and therefore the eurozone, as the French degeneration is now spreading to the whole eurozone!.. I wrote on 1 July.
And the major turbulence continues on Wednesday 10 July...
On Wednesday 10 July, Bund yields plunged at the start of the session, which corresponds to strong intervention by those who manipulate the financial markets to try to prevent the markets for bad treasury bills from the Club Med countries, including of course France, from plunging further into the abyssal depths.
Document 1 :
These interventions in sovereign securities, and in particular in the Bund, have been on a massive scale over the last few days, depending on the interventions or non-interventions of the various parties involved, i.e. the Americans or the leaders of Arab hydrocarbon-producing countries, to rescue or plunge the eurozone into perdition, but it is difficult, if not impossible, to fight the financial markets!
At the same time, as
the Other would say,
the spread between the yields on the bad 10-year French Treasury bonds and those on the Bund continued to rise at the start of trading on Wednesday 10 July, wiping out the rescue attempts of the previous few days, which means that capital is still fleeing this security en masse.
Document 2:
Those who manipulated the financial markets can no longer do as they please and they can no longer give the illusion that
all is well in the Potemkin village of France,
Further confirmation that things are really going very badly in France: CDSs have soared over the last month and they are continuing to rise today compared with the previous day!
Document 3:
As a reminder...
Capital is once again leaving the eurozone, and France in particular, in droves.
Holders of capital are voting with their feet: they are leaving this unnatural zone which is in perdition, and those invested in Treasury bonds are the tip of the iceberg...
The Degenerate whom the French elected and even re-elected as President of the Republic is succeeding perfectly well in his project, which was to sink France irretrievably.