DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Former Fed VP Accuses Bernanke Of Bailing Out Europe Via Currency Swaps

**Dildos** · 12-28-2011, 07:54 PM

Actually it goes both ways, the ECB bails out US government, and mortgage instruments, at the same amount, that the Fed bails out European banks, and governments... The thing is without it, Europe, Japan and the US would be in a complete deflationary death spiral. We will get a later inflationary death spiral instead.

12-28-2011, 07:54 PM	#2
Dildos Join Date Oct 2005 Posts 458 Senior Member	Actually it goes both ways, the ECB bails out US government, and mortgage instruments, at the same amount, that the Fed bails out European banks, and governments... The thing is without it, Europe, Japan and the US would be in a complete deflationary death spiral. We will get a later inflationary death spiral instead.
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