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The mother of all dumb ideas: a US bailout for Europe

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posted on May, 12 2010 @ 07:30 AM
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Im not saying that the FED hasn't opened up lines of credit for EURO swaps with Dollars in order to ease liquidity issues but can the OP please show me where it said ANYWHERE that there would be a US bailout of the EUROZONE?

Even the quote you highlighted was taken directly out of context.. BY DISREGARDING THE SECOND HALF OF THE SENTENCE


You highlighted this..


the total bailout package could go as high $1 trillion


But left out this little detail..


made up mainly of a bond offer by the European Union.


Also you clearly don't understand that these lines of credit are ALWAYS open.. Allowances have been made in order to make quicker direct swaps of funds..

Is it any surprise that the world is going down the swanny when people cannot understand a simple economic partnership situation or even read a sentance in their own language correctly lol..

Also..

Remember that the USD is the worlds reserve currency.. You know.. The thing that gave you guys the US empire and your wealth while the rest of the world was falling apart in the mid to late 20th century?

So this is one of those things a global reserve currency does.. No point in whinging about it..

And finally.. this money is being swapped and lent at interest.. Not given.. Its a pretty good way to try ensure that 28% of the global economy doesn't collapse with the EU followed swiftly by the world..



 
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