the EU's new round of QE is a round of desperation. The problem seems to be that the greeks are publicly admitting they are bankrupt and they cannot pay their debt. If they continue the road they are on with austerities then the greek people will suffer for years and years and possibly even more years. If the greeks default then everyone holding their debt will lose. If the EU gives in to restructuring greek debt without austerities then other EU countries will want the same treatment. If the greek exit the EU then we will could start to see a stampede out of the EU by other countries facing the same problems. I think we are watching the start of the world economic crisis.
Finally someone around here gets it. There is no way out. The Banksters who run the world have painted themselves into a corner.
yup...just helping ya drive your points home.. i am not totally anti-bankers but i do believe that 'trusting in god' for the federal reserve to print tons of money is another failing experiment. you see when they first started this they used to get a great return of economic growth when they printed money but they have been doing it for so long that the returns have become minimal. the us dollar is backed by debt and i do not believe that someone's debt is really money. i am pretty sure the reason we create fakeland enemies and bomb them is because this activity helps spur economic growth and profit (of course they throw in some other reasons that helps their agendas). we even got canada send their entire 6 airplanes to middle east to get in on the action. i think greece might have forgot to send their 3 airplanes to middle east.