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Read this article: No One Happy Except Stock Market; Discord Emerges in Spain, Italy, Germany to ECB Announcement
In turn, I give credit to Michael Snyder for his writeup Anyone With Half A Brain Should See That A Gigantic Economic Collapse Is Coming Snyder, referencing Ron Paul and Tony Robbins, writes … For the past four decades, the United States has been enjoying a 15 trillion dollar party. All of this borrowed money has enabled us to live far, far beyond our means
No entity is willing to stand up and say the obvious, that Greece is insolvent and cannot and will not pay back its debts. Moreover, in spite of an ECB mandate that prohibits direct financing of governments, the ECB is doing just that. Simply put, the ECB is printing euros, to give to the Greece, so that Greece can make interest payments to the ECB on maturing bonds