DRAGHI ANNOUNCES "UNLIMITED ECB BOND BUYING PLAN" ... UNLIMITED LINE OF CREDIT
An UNLIMITED LINE OF CREDIT from the European Central Bank, STERILIZED with NO CEILING or Public Yeild Caps. It is no 100% safe to BORROW WHATEVER YOU WANT without any FEAR of EVER PAYING BACK THE PRINCIPAL, EVER. When your payment becomes due, you just BORROW THE PAYMENT. UNBELIEVABLE!
That is what the Fed is doing. Who do you think buys $1.3 trillion in fresh US debt every year? Anyone who thinks this news from the ECB is good is about to learn a lesson. It means the Euro is going to come crashing down. You know what happens when the Euro tumbles. No one wants our debt or European debt, the only buyers left are central banks. The planet can't generate enough money to buy all this debt so the final solution is to simply print money to buy your own debt, just lovely.