Nice work if you can get it...
The ECB lent long-term money to European banks at 1% interest. Those banks can then pay down their existing short-term debt to the ECB or invest in longer-term European sovereign debt and collect 5%-plus.
Banks borrowed money nearly $500 billion.
The ECB (European Central Bank) got its money for this european style of quantitative easing by printing it out of thin air.
Buy Gold, Buy silver!
Read About: Money and The Kipawa River, Whitewater Ontario,Les amis de la rivière Kipawa,The Proposed Tabaret River diversion project, Northern Ontario Liquid Adventurers,Canadian Rivers Network The viewpoints and opinions expressed here are those of the author and are not necessarily those of Whitewater Ontario or Les Amis de la Riviere Kipawa. Those groups did not vet these comments and would not likely endorse the views expressed here or the manner in which they have been expressed.
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