In order to transfer the gigantic mountains of debt accumulated by socialist governments around the world in recent years and decades into the future, massive liquidity is needed on the markets, shifts from equities to the bond market. The central banks alone cannot manage this without ultimately losing control of monetary devaluation and creating hyperinflation.

Confidence in the fiat system is everything. The entire media apparatus works hand in hand with the central banks, which maintain the illusion that they are the masters of interest rates in the world and can thus direct capital flows.

The given graphic clearly shows that Germany is still considered a safe haven for bond investors as soon as a liquidity problem arises or a crisis is created, as in the case of the failed EU elections in France, Germany serves as a refuge for short-term capital. The ECB could easily control yield spreads between the two, but as it is politicized it refuses to intervene and thus sends a signal to the French: be as worldly as we want, otherwise You will have a problem with your debt state!

In general this massive issued debt of the states systematically displaces liquidity and investment funds from the private sector, through manipulation, as said via the media, into the financing of actually iliquid government bonds.

This will continue until one day the markets close down and refuse to refinance the excessive government debt. Then we can expect the usual measures, diversionary maneuvers, capital controls and forced investment. The eurozone in particular is the first candidate in view of the fatal fiscal situation and a dysfunctional currency system.