Print or Die: When you need a truck full of dollars to buy a loaf of bread
Someone’s going to print a boatload of money—and soon. And when that happens, assets like Gold and oil will rise in price. This is not a guess. It is a fact. We are already seeing the wise guys and speculators get their early bets in. . .
They will do it in Europe with some kind of ultra massive TARP program. The French and Germans have already knocked on every door, looking to borrow the specie they need to keep an entire continent solvent. It just ain’t happening. (Heck, the Chinese laughed in their faces and told them to work harder.)
That’s why European bond prices are spiking. No one in their right mind wants to lend to these guys when a 50% haircut—at best!—is lurking right around the corner.
Seriously, entire governments are falling here. They’re not just on the fringe anymore. And the central bankers who are replacing various heads of states are left with only one last trick: printing trillions of new euros.
This will, of course, dramatically reduce the value of the euro. That’s one of the points of the whole devilish exercise (the other being to print the very cash required to pay these bills).
The Rest…HERE
