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ECB lends banks €489 billion

I am sure Germany is thinking long and hard about leaving the Euro. I wonder if England is going to get involved to help boost the Euro.
 
I hope Germany pulls out and leaves Italy and Spain rot in hell. The southern countries have always been weak, and Germany had to pay out the ass to start the EU. It was a bad deal all along.
 
I hope Germany pulls out and leaves Italy and Spain rot in hell. The southern countries have always been weak, and Germany had to pay out the ass to start the EU. It was a bad deal all along.

My fear is if Germany pulls out, will it finalize the EU collapse, taking down more of the global financial market.
 

"Quantitive easing through the back door." That would be a loan. The only problem is that this loan moves around Europe paying other loans coming due and not creating jobs. Same as in the USA. What did JFK have to say about Central Banks?

“All problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world.”
~John F. Kennedy
 
My fear is if Germany pulls out, will it finalize the EU collapse, taking down more of the global financial market.
You can't cheap the rules of economics forever.
 
"Quantitive easing through the back door." That would be a loan. The only problem is that this loan moves around Europe paying other loans coming due and not creating jobs. Same as in the USA. What did JFK have to say about Central Banks?

“All problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world.”
~John F. Kennedy

Just ignore his post. He always had an anti-corporatist agenda.
For the serious matters, this isn't something really surprising. The eurozone desperately needs another influx of cash. A collapse will devastate the world, upheaving bonds and stocks, tittering more governments and companies. No matter what the idiots say, we cannot afford a eurozone collapse.
It would make the Great Recession look like Christmas. The consequences will be unimaginable
 
Just ignore his post. He always had an anti-corporatist agenda.
For the serious matters, this isn't something really surprising. The eurozone desperately needs another influx of cash. A collapse will devastate the world, upheaving bonds and stocks, tittering more governments and companies. No matter what the idiots say, we cannot afford a eurozone collapse.
It would make the Great Recession look like Christmas. The consequences will be unimaginable

I'll quote another president, just for you.

“The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.”
~Thomas Jefferson to Albert Gallatin, 1803.

And you think I have an anti-Corporatist agenda. I remember the ROK Tigers from Vietnam as great warriors. You don't seem to fit the mold.
 
This has far less to do with capitalism then it does with governments spending money they don't have on social programs they cannot afford. If the markets collapse, it will be because Governments promised services they couldn't afford.
 
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.
 
"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.
 
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