European Bailout: Interesting Reading

Here are some of the most interesting articles about the EU Bailot plan:

INITIAL THOUGHTS ON THE EUROPEAN BAILOUT, in the Pragmatic Capitalist

ECB to Buy Government Bonds in Secondary Market, in CNBC

E.U. Details $957 Billion Rescue Package, in New York Times

My thoughts on this emergency measures are the following: this is nothing but pure undiluted inflation. The only way these deficits are going away is through money printing and inflation. They are running their printing presses as fast as they can and asset and commodity prices will react accordingly.

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