PORTUGAL Government prepares second bailout!!! Government ponders paying holiday bonuses with titles treasure!!!

The problem is that the world's fractional reserve system always needs more currency to support the leverage (currency) that the expansion created before. The other main problem is that, it takes money from the working productive society and forces the people that operate this system (banks) to keep shoring up this leverage (leverage is their, the banks worth or value) without creating hyperinflation. How are they able to do that?
The way they do this is that there is two ways to create money. One is productive and expansive that benefits and creates new wealth and a productive society (Fractional lending).
The other is non-productive and contracts/shrinks the economy(direct printing of currencies).
If the money was just printed up and dropped from helicopters on pallets it would work, for a while but, it would sacrifice the leveraged wealth, because money that is just printed and that bypasses the fraction lending scheme cannot be specifically steered or directed to the balance sheets of the financial institutions, to create the illusion of solvency.
I am not getting out the Pom Pom's for fractional lending system but, if it was allowed to work we would not be in this situation. There is too much debt and the world's financial institutions must take a "Haircut" to even make a dent in returning us to some type of productive economy. Problem is that a haircut of "just one" financial institution will effect 50 other financial institutions balance sheets (because the leverage was fractionalized) removing the illusion of solvency.

You sort of have it right there:

The productive layer is the accumulation of labour surplus. In other words, its the energy that workers expend that adds value which the system then monetises.

The fractionalising of that value (as well as securitising it in equity) magnifies this layer.

That initial layer has been largely transferred, by Western capitalists to Asia where billions now provide that capacity. The second layer still resides in the West.

In other words, the elite have the capacity to minimise EU government and drive the workers into destitution (whilst ensuring that their status as consumers is preserved.)

Well Norway has 15% budget SURPLUS. Unlike other European countries...

+5
Things are speeding up!!

Alright, so what are we talking about?

How many billions do they need?

You Dutchies and Krauts should be happy to give Euros to your fellow Europeans! I'm shocked! Shocked! There are people STARVING to death in Portugal, Spain, Italy!!! They need your Euros now!!!!! Hurry!!!!!!

*sarcasm off*

This is not about bailing out some of our friends.

I would happily have some of my tax money send to Greece, Portugal, Italy or Spain to make sure some Granny gets her deserved pension on time if the country in question is in trouble.

But all we are doing is bailing out banks that got into trouble because Lehman Brothers crashed in 2008.

We are bailing out the big investors.

The rule of “High return = High risk” doesn’t count no more.

If you gable and go bust, some taxpayers will foot the bill.

But we're not monitising labour, we're monetising debt, which is where the vicious circle kicks in - we have to monetise more debt to service the existing debt. It's never bloody ending...

But we're not monitising labour, we're monetising debt, which is where the vicious circle kicks in - we have to monetise more debt to service the existing debt. It's never bloody ending...