moonman
08-09-2007, 04:41 PM
Whoa, dude and I didn't even know major domo's at the European Central Bank (ECB) read D.C. Junkies. I kinda know the world financial community hangs on each and every 'moonman' post because too often policy follows my posts.
Yesterday I posted this, "The Europeans and Japanese will save our buttsfor two reasons, (1) they ain't as stupid as the Chinese (2) they also know the only way to beat the new creditor nation axis of China/Russia is to prop up the USA" on this thread; http://www.dcjunkies.com/showthread.php?t=1230
This morning our time ECB announced it will add 945 billion liquidity to the market. Liquidity is paper money boy jargon for money. Included is 145 billion dollar bailout of a couple banks, with a little help (24 billion) from our Fed. Included in the announcement is that ECB will provide unlimited support and spare no expense for our USD.
I'd say ponying up a near trillion with a promise for more is pretty strong support for the USD. There was day, when we handled our money honorably that we didn't need other nations to come to our aid. This is indicative of only part of the cost of the Bush Administration fiscal policy.
So there you have it children. The ECB is taking policy advice from moonman @D.C. JUnkies, lol.
Yesterday I posted this, "The Europeans and Japanese will save our buttsfor two reasons, (1) they ain't as stupid as the Chinese (2) they also know the only way to beat the new creditor nation axis of China/Russia is to prop up the USA" on this thread; http://www.dcjunkies.com/showthread.php?t=1230
This morning our time ECB announced it will add 945 billion liquidity to the market. Liquidity is paper money boy jargon for money. Included is 145 billion dollar bailout of a couple banks, with a little help (24 billion) from our Fed. Included in the announcement is that ECB will provide unlimited support and spare no expense for our USD.
I'd say ponying up a near trillion with a promise for more is pretty strong support for the USD. There was day, when we handled our money honorably that we didn't need other nations to come to our aid. This is indicative of only part of the cost of the Bush Administration fiscal policy.
So there you have it children. The ECB is taking policy advice from moonman @D.C. JUnkies, lol.