BREAKING! BREAKING! - U.S. Taxpayers to Bail Out Europe

[Jake Ralston]

The U.S. is coming to Europe's financial rescue.

The latest round of American financial assistance came Thursday with a promise by the Federal Reserve to swap as many dollars for euros as European bankers need. In the short run, those transactions won't have much impact because the central banks are simply swapping currencies of equal value. If the move helps avert a wider crisis, it could help spare the global economy from another recession.

But over the long term, consumers could feel the impact of central bankers flooding the financial system with cash, according to John Ryding, chief economist at RDQ Economics.

"This is a lender of last resort function," he told CNBC. "With the dollar injections that the Fed has done, it's like giving a patient medicine with really bad side effects." Ryding said the bad side effect in the U.S. has been inflation, which has picked up to 3.8 percent year over year.

Fed policymakers meet next week to decide whether the flagging U.S. economy needs another round of easy-money measures that could include buying more Treasury bonds to push more cash into the financial system.


HIDE YOUR KIDS. HIDE YOUR WIFE. HIDE YOUR WALLET.






http://bottomline.msnbc.msn.com/_news/2011/09/16/7795342-us-taxpayers-could-be-on-hook-for-europe-bailout

[AlexAmore]

How interesting a country founded on capitalism is bailing out the dying heartbeat of socialism.

[angelatc]

You forgot to put the word "Again" in your title. :)

[MJU1983]

http://i6.photobucket.com/albums/y205/MJU1983/10qkljt.jpg

http://i6.photobucket.com/albums/y205/MJU1983/Ben-Bernanke-R_jpg_600x1000_q85.jpga

[Austrian Econ Disciple]

They have been doing this through the IMF for years now. Since it has gotten worse (predictably), I guess they no longer want to launder it through the IMF so to speak. Direct injection here we come!

[Dianne]

Keep in mind, it was discovered this past July that the Federal Reserve printed and distributed 16 Trillion to bail out US and European banksters. This was all kept hidden from the American people. So the govt. has been bailing out the foreign banks and we have been lied too, in that regard.

[wd4freedom]

We are very much a "socialist" system implemented via the corporatist and statist models of social construct.

[Travlyr]

Keep in mind, it was discovered this past July that the Federal Reserve printed and distributed 16 Trillion to bail out US and European banksters. This was all kept hidden from the American people. So the govt. has been bailing out the foreign banks and we have been lied too, in that regard.

So true. And we have Congressman Ron Paul to thank for getting that information to light.
Thank you Dr. Paul. ;)

[cucucachu0000]

note to self start buying gold and silver today!

[ibaghdadi]

The general opinion in the Fed is that if the Euro fails, the USD won't out-survive it. In their mind, by preventing a catastrophic financial collapse in Europe, they are simultaneously preventing one in the United States. The whole "contagion" deal.

But I want to share something with you, and I don't know how far you'll agree with me. I think this whole "contagion" thing is a big scam. They're trying to convince the world that there is indeed a contagion, and that in a globalized world we cannot afford to have one cog fail because it'll bring down the entire machine, but...

I get the feeling (more than just a hunch) that what we're seeing isn't a contagion but multiple side-by-side collapses not necessarily linked to each other. Europe is suffering due it its own problems and the United States due to its own, and someone is trying to convince us that it's linked.

Question is, WHY are they trying to convince us of that and to WHAT PURPOSE?

[ibaghdadi]

The general opinion in the Fed is that if the Euro fails, the USD won't out-survive it. In their mind, by preventing a catastrophic financial collapse in Europe, they are simultaneously preventing one in the United States. The whole "contagion" deal.

But I want to share something with you, and I don't know how far you'll agree with me. I think this whole "contagion" thing is a big scam. They're trying to convince the world that there is indeed a contagion, and that in a globalized world we cannot afford to have one cog fail because it'll bring down the entire machine, but...

I get the feeling (more than just a hunch) that what we're seeing isn't a contagion but multiple side-by-side collapses not necessarily linked to each other. Europe is suffering due it its own problems and the United States due to its own, and someone is trying to convince us that it's linked.

Question is, WHY are they trying to convince us of that and to WHAT PURPOSE?

[Bordillo]

The general opinion in the Fed is that if the Euro fails, the USD won't out-survive it. In their mind, by preventing a catastrophic financial collapse in Europe, they are simultaneously preventing one in the United States. The whole "contagion" deal.

But I want to share something with you, and I don't know how far you'll agree with me. I think this whole "contagion" thing is a big scam. They're trying to convince the world that there is indeed a contagion, and that in a globalized world we cannot afford to have one cog fail because it'll bring down the entire machine, but...

I get the feeling (more than just a hunch) that what we're seeing isn't a contagion but multiple side-by-side collapses not necessarily linked to each other. Europe is suffering due it its own problems and the United States due to its own, and someone is trying to convince us that it's linked.

Question is, WHY are they trying to convince us of that and to WHAT PURPOSE?

I completely agree, if you have the chance watch Wall Street 2: Money Never Sleeps. It is honestly the best explanation I have herd about the whole financial mess

[KramerDSP]

Iyad, I would guess it is a push by the globalists for a one-world currency. And then the entire world is enslaved by the central bankers (not that they aren't already).

[sailingaway]

We saw this coming.

Perry's comment about treason was intemperate, but I can understand where he was coming from. Or would, if he had a clue and actual principles on the point.