EU Preps Euro Fund to Fight ‘Wolfpack,’ Debt Crisis

European Union finance ministers moved toward agreement on an unprecedented loan package worth at least $645 billion to prevent Greece’s fiscal woes from triggering a broader sovereign-debt crisis and shattering confidence in the euro.

A Nuclear Solution to Europe's debt problems is simply another way to say "Quantitative Easing to Infinity." All national debt will be bailed out. All states of the USA will be bailed out. Paper currencies are headed to dust. Regardless of the first knee jerk market reaction gold is going to $1650 and beyond due to Nuclear suggestion of adding more debt to entities failing because of debt. This is the EU Helicopter Drop coming up. Credit Default Swaps are herein called the "Wolfpack." About that they are totally correct. Now that they have challenged the "Wolfpack," whatever additional funds might be required will have to be provided or the "Wolfpack" will slaughtered the EU.

Jim


Jim,

Here comes the helicopters.

Unless the wolfpacks are disbanded, an attack on the speculators and free markets, there is no solution other than to transfer future wealth from the taxpayer to them. In other words, reward or feed the wolfpack as a means of survival for the existing fiat system. The solution will fail and the taxpayers will be left with the burden.

Eric

Source: bloomberg.com