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By: Rick Ackerman, Rick's Picks -- Posted Monday, 1-2 December 2011| Share this post|Source: GoldSeek.com Who had have thought the term 'hypothecation' could get the monetary world's shakers and movers from the balls the other day, whirl them round-and-round, then sprint their negative pretenses of 'preserving' Europe against a stone wall? When you yourself have not done so already click here to see the content on this subject at ZeroHedge. And then deliver it to everybody else you know. We did, with a notice that the fall of the banking system is no more only possible or likely, but inevitable. The content takes pains to describe correctly why in terms that even the person could comprehend. It'll truly have produced quite a stir not just among the wide audience of the web sites that connected it, but among those charged with the job of further delaying Europe's economic failure. Because the better these attempts are recognized, the more ridiculous they become, the spinmeisters and policymakers have now been doing their utmost to hide the information on the expected recovery work. And yet, as our friend Bill Buckler, publisher of The Privateer, highlights, the clamor to 'resolve' Europe's debt issues with billions of ginned-up printing-press pounds is almost universal. One may think no one could possibly be therefore silly regarding genuinely believe that getting the central bank of Europe purchase the ties of Spain, Italy and Greece et al. with 'income' produced from nothing may restore the economic climate to health. Actually, as Buckler sees, it's hard to find an editorial style that will not fervently support this program of action support it with every mote of magesterial prejudice the pages may bring to the debate. On the eve of Friday's EU peak, here's exactly what the Times of India needed to say: 'There's one answer. If perhaps the European Central Bank (ECB) wants to produce money in unlimited amounts to aid the ties of eurozone states some thing Ben Bernanke might do with no second thought in-the U.S. then your pound disaster might end. That would trigger inflation, but would assure that sovereign debt would be repaid entirely .' Only in a gone mad could anybody think such poppycock. As Buckler records, 'It requires but just one small action behind-the crumbling facade of contemporary economics to experience a psychological wilderness.' Yes, everybody else could be repaid in full, whilst the India Times states but with money that'll have now been made useless perhaps not by simple inflation, but by the amounts necessary to discharge all obligations, every where. Certainly, the quantities involved as Peter Schiff has stated, cannot even be quantified, because, a bailout of sovereign debt could deliver other bond markets in to a tailspin needing more bailouts till the cows come home. To claim that the disaster can just only finish badly is to create a place that everybody else but the politicians, lenders and benighted editorialists appear to understand. http://news.goldseek.com/RickAckerman/1323699335.php