Sunday, November 7, 2010

Merkel versus Obama, on QE2?

The U.K's Guardian captions the above photo:
German chancellor Angela Merkel, left, is set to clash with US president Barack Obama at the G20 summit in Seoul this week over the latest programme of quantitative easing
In reality, there is not a damn thing Merkel can do about it. And there is no reason she should care. The real negative impact will be on those in the U.S. who are on fixed income.The destruction of the dollar will be devastating to them.

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