devil21
11-16-2010, 03:46 PM
I keep seeing these articles about Ireland basically having an IMF and European bailout forced on them. Ireland doesn't have any bond auctions scheduled until next spring and claims they have the money to keep things going and don't need a bailout. However, report after report from the IMF and others say they are going to bail out Ireland immediately. Something doesn't jive here. But what?
So my question is whether this Irish "crisis" is being contrived to prop up the dollar after it's hard fall lately? USD has taken off since the start of this bailout rumor and PMs have gotten beaten down at the same time. Win-win for the banks.
So my question is whether this Irish "crisis" is being contrived to prop up the dollar after it's hard fall lately? USD has taken off since the start of this bailout rumor and PMs have gotten beaten down at the same time. Win-win for the banks.