Friday, December 2, 2011

Geithner to the Inflationary Rescue!!

The heavy US muscle is rolling in to make sure Europe gets its inflationary money printing act together.

The Treasury has just announced that Secretary Tim Geithner will travel to Europe December 6-8, 2011.

On Tuesday, December 6, the Secretary will arrive in Frankfurt, Germany, for meetings with European Central Bank President Mario Draghi and Bundesbank President Jens Weidmann. In the afternoon, he will meet with German Finance Minister Wolfgang Schauble in Berlin.

On Wednesday, December 7, Secretary Geithner will be in Paris, France, to meet with French President Nicolas Sarkozy and Finance Minister Francois Baroin before traveling to Marseille, France, for a bilateral meeting with Spain’s Prime Minister-elect Mariano Rajoy Brey who will be in France for other meetings.

On Thursday, December 8, the Secretary will visit Milan, Italy, for a meeting with President of the Council of Ministers and Minister of Economy and Finance Mario Monti. Later that day, Secretary Geithner will return to Washington.

Prepare for massive global inflation. You will never, ever, see oil under $100 per barrel again.

1 comment:

  1. RW, no way in my mind bazooka #2 is used as the option - money supply runs unabated, economy is recovering as you've noted again and again, 'rosy' UE picture today...BHO will get his wish to sell a rosier economic picture to the public by fall 2012.

    Bazooka #2 in my mind would likely stall this agenda.

    Time to fill up the car :)