Federal Reserve opens credit line to Europe
So, in order to stem the crisis in Europe, the Central Banks of the West are sending a TRILLION dollars of “credit” to save the Euro. Let me be clear about this. These debt-ridden countries (like the U.S.) are basically printing up funny money to pretend to save another form of funny money. The boring speeches by financial types obscure the real issue. Except for China and a few more countries, everyone is broke. I look at it as printing money to infinity until people lose confidence in their worthless currencies. THIS IS A BIG DEAL. Keep your eyes on the ball and see what is being pulled off in front of them. This is not a drill. It is the real thing.