Foreclosure Defense Florida

New York Times- World Banks Unite To Give Cash To Consumers….

Wouldn’t it be nice to wake up to a headline like that? The floodgates are open! Free Money for Everyone!   But of course, that’s not exactly the headline..the real headline is…


Now what this is really about is throwing cash at Greece and hoping they don’t slide further into default…(they’re already bankrupt).   Greece is like Europe’s very, very problem child.   But rather than send that child away to military school to learn discipline, the parents keep throwing money at it.   And worse now, Greece is like America’s problem…um cousin, twice removed….and now Timothy Geitner is throwing my money at them as well. From New York Times:

5 Banks Unite To Shore Up Eurpoe

FRANKFURT “” Worried that Europe’s debt impasse posed a growing threat to the global financial system, the world’s major central banks moved Thursday to assure that European banks would not run short of cash as troubled nations like Greece and Italy sought to stabilize their economies. The central banks, in a coordinated action intended to restore market confidence, agreed to pump United States dollars into the European banking system in the first such show of force in more than a year. Some banks have found it hard to borrow dollars as American lenders grew nervous about their financial condition.


One Comment

  • Attorney Wendy Alison Nora says:

    Further liquidity offerings of the US dollar as the world reserve currency is going to harm the US taxpayers long into the future, if we continue to create the world reserve currency for the liquidity of private banks, both here and abroad. US dollars come into circulation by the sale of US bonds which are an obligation of the US taxpayer. This is a form of extraction which has brought our economy to its knees. While the US public debt has exceeded 14 Trillion USD (because our currency is borrowed from the private Federal Reserve System)the Fed loaned @9 Trillion USD to the private US banking system between 2008 and 2010.
    Now we are going to be continuing to loan US dollars to the Eurozone for its “liquidity”? The dollar bill (Federal Reserve Note) should not read “In God We Trust.” It should read “God Help Us.”

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