Wednesday, April 11, 2012

The Euro Mess Again

Ed Yardeni has the chart which shows that the eurozone is only surviving by way of European Central Bank money printing, The ECB recently ended its LTRO bond prop up scheme, and as can be seen by the chart, rates have begun to climb for Spain and Italy. Expect the ECB to be back printing money, and propping up EZ debt, faster than you can say, "Banksters hate gold."

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