"We ain't a sharp species. We kill each other over arguments about what happens when you die, then fail to see the ******* irony in that." - Justin Halpern
To put this in perspective, this is the equivalent to the entire amount used by the fed to buy treasuries during the 8 months that the QE2 program lasted. This brings the ECB's balance sheet to a whopping $3.5 trillion. And don't think this just on Europe, the ECB's FX Swap Line with Fed has soared to $85 Billion total.
"There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio
"The elephant in the room" syndrome. No one wants to face the fact that the woes of the world center around one item...oil. Oil and Arabs that hate anyone who is not an Arab. Here in the US we are dumber than a box of rocks for not drilling offshore where we could easily become independent in a short time...also fighting terrorists is a waste of time...if we go to war, let the generals run the durn thing, not politicians and we will be finished in a few weeks to months. We have the ability to maintain /supremacy over anyone if we would simply sop "fighting fair"...street fighters know that ios how you lose a fight.