Why doesn't Bernanke just go for it. QE3 = buy PIIGS bond.Some stealth form of this will likley occur, probably using the IMF as a cover.
Why doesn't Bernanke just go for it. QE3 = buy PIIGS bond.Some stealth form of this will likley occur, probably using the IMF as a cover.
Obviously. Who do you think is buying the markets in the USA today?
ReplyDeleteThe Dollar is going to be the fall guy and Bernanke will end up buying every crappy asset on earth to fix (at least nominally) all the big banks' and highly leveraged government-sponsored corporations' (GE,GM, etc.) balance sheets. The Euro will survive, but sans the PIIGS.
ReplyDeleteI think if my history serves me correctly this could be a repeat of what happened in the early stages of the Great Depression. We bailed out the bank of England that was on the ropes and it dried up credit at home, turning the recession into depression.
ReplyDeleteI think our owners will not allow the PIIGS to leave the Euro. The Euro will survive even if they have to murder millions of people to make it so. I don't think many people really understand what our owners are really up to with their One World ideas.
ReplyDeleteThe Fed's portfolio is worth as much as a broken vacuum cleaner, but they'll have no problem selling assets to "mop up the excess liquidity" right? Once those dollars are out of the barn, they're never coming back.
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