Stocks surged 500 points earlier this week on news that the American gubmimt was going to bail out the Euro-weenies to the tune of nearly a billion American dollars, freshly printed and diluting the net worth of every American taxpayer to save US banks that have $7 trillion exposure to Euro-weenie lay-in-the-sun irresponsibility. National banks all over the world backed this play, since we’re going to pay, and they’re similarly exposed.
Game over. Seriously. This is the worst thing that’s happened to America since 9-11.
This is the ruling class buying time to bail out. They all know it’s going to collapse and they’re now sewing their golden parachutes.
The collapse is going to happen sooner than later.