Europe's central planners have resorted to the ECB doing a massive counterfeiting scheme in an attempt to bailout insolvent nations.
This has never worked from Hungary, to Bosnia, to Argentina, to Weimar Germany. Inflation can never bail you out of insolvency. Because central bankers around the world believe that inflation is equivalent to growth, they are going to persist on this monetization of insolvent debt.
All of your developed countries from Japan, to Europe and America are in a condition of insolvency. As I said, central bankers are trying to monetize this debt away. It will never work, it has never worked and it cannot work...
This blog was posted over at King World News yesterday...and the link is here.
