Posted on 03/09/2015 2:40:01 PM PDT by E. Pluribus Unum
The European Central Bank has hit the launch button on its 1.1 trillion euro ($1.2 trillion) stimulus program by starting to buy government bonds.
The chief monetary authority for the 19 countries that use the euro confirmed Monday it had begun the purchases, which aim to make credit cheaper, boost growth and raise inflation. ECB President Mario Draghi had announced the start date last week, sending stocks higher and the euro lower.
(Excerpt) Read more at abcnews.go.com ...
[ I can hear the whine of those printing presses from Sarah Palin’s front porch. ]
You would think some Greece would stop the whining from the presses.....
...by starting to buy government bonds.
EU wants to form army so it can invade Greece — and claim that it is not aggression.
Socialists vs. Communists. Who cares? Unlike in 1941 - we should let them battle it out themselves.
When a non- nation prints non- money ( or fiat money, or currency with nothing and nobody backing it) there’s apparently no limit. Yes, not much different than the USDollar
As the Euro slowly crashes into history, vast amounts of money will be moving to the American $.
This could signal an investment opportunity for us.
1. Invest in American stocks with good track records and dividend growth. ETF’s are an excellent way to spread risk and share in the new investments. We prefer the ETFs which keep paying good dividends from good stocks.
2. If you are a gambler, at my mid 70’s, I’m not. There are a some interesting ways to bet on the $. Be sure you have set loss limits if/when these King Dollar ETF’s cease to be a good investment. These are known as King Dollar ETFs. Set a % net gain goal and set an auto sell when your investment hits your goal. The rewards here can be high and so can your losses.
http://www.etftrends.com/2015/03/king-dollar-etfs-assert-their-royalty/
The Maastricht Treaty was fundamentally flawed. The architects of the euro recognized that it was an incomplete construct: it had a common central bank but it lacked a common treasury that could issue bonds that would be obligations of all the member states. - George Soros
The Tragedy of the European Union and How to Resolve It
George Soros SEPTEMBER 27, 2012 ISSUE; The New York Review of Books
http://www.nybooks.com/articles/archives/2012/sep/27/tragedy-european-union-and-how-resolve-it/
Sadly another round (or salvo) in 6th generation warfare. Only now it seems the *enemy* is the common man and not some foreign foe....
All this will so is steal from (the value in) savings and moves more wealth to those that already have more than enough.
Bad enough that we started the whole thing in such a big way...
No good can come from this.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.