Wait! -- I thought it was the banks who were supposed to bail out Europe... Or was it Greece? No wait!... That's right Japan is going to bail out Europe... But there's nobody to bail out Japan. China declined to bail out Europe... But wait! China is imploding.
Who's going to bail out China? The Fed?... No wait, that's the other way around... Maybe Brazil or Apple can save us...
For the love of everything alive, stop this madness now. End the way money works. As Richard Heinberg just said, "There is life after growth." It can be good for those who make the transition. If you want it, be on the right side of history. Occupy everything! -- MCR
"Investors are increasingly scrutinizing the euro-zone assets held by German banks for fear the lenders might face big-write downs on their exposure to struggling Southern European countries such as Greece."
"Governments and private-sector partners may have to spend as much as $2 trillion to rescue Europe’s banks, said Laurence D. Fink, the chairman and chief executive officer of BlackRock Inc. (BLK)"
"If things worsen in the UK, Germany or France, they should 'consider delaying' cuts, because they can borrow 'at historically low' interest rates."
"Borrow"?... As in require more consumption of air, fresh water, the climate, oil, natural gas, human life? This crap isn't going to last much longer. The paradigm has already shifted. We're just waking up to it. -- MCR
