Sabtu, 12 November 2011

European Ponzi Goes Full Retard As EFSF Found To Monetize... Itself


From ZeroHedge, by Tyler Durden 11/12/2011
We have long mocked and ridiculed the Fed for being the ultimate ponzi instrument: after all, why worry, when your central bank will buy up almost three trillion in US paper in about 2 years (a very comforting fact for US politicians who never have to fear that those trillions in new porkbills, pardon fiscal stimulus programs, may end up without
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