All Together Now
Some think that Merkel and Sarkozy are preparing to go right around the EU treaty to allow the ECB to buy sovereign bonds. The ECB is prohibited from funding government debt. But why let law get in the way of a crisis that is too good to let go to waste? If EU leaders can aggregate all power to Brussels then their will is done.
The US is onboard with this plan. The Fed quietly moved a record $88B last week to "other outflows" on it's balance sheet. Where is this "other"? IMF for Euro coverage?
We're all together now, the debt boulder is chained to governments (people) on both sides of the Atlantic. When the EU goes down, americans will be right behind. Don't ever forget who put that chain on you.
The US is onboard with this plan. The Fed quietly moved a record $88B last week to "other outflows" on it's balance sheet. Where is this "other"? IMF for Euro coverage?
We're all together now, the debt boulder is chained to governments (people) on both sides of the Atlantic. When the EU goes down, americans will be right behind. Don't ever forget who put that chain on you.
posted by lugh lampfhota at 12:17 PM
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