from 21st Century Wire:
The equation is simple: the Central Bank will be printing loads of money, and speculators and bankers will profit hugely, but it will mean more intense austerity measures for the feudal peasants.
Got it? This latest move, however, could be the death knell of the Eurozone experiment, as individual nations appear to be ‘hedging’ their debt positions now, a stark departure from past behavior based on collectivization.
But with all that cheap paper, junk bonds and other derivatives – flooding into the financial markets, you can be sure they’re celebrating in Davos…
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