Reginald Kaigler's thoughts on politics, social issues, the economy and world at large.
Sunday, May 9, 2010
EU 670 Billion Dollar Bailout!
Quick Update! The European Union has agree to form a $670 Billion bailout to solve its solvency problem in several European nations. Am I the only one who realizes that most of these euro countries are flat broke. The Euro hit a 14 month low and people were wondering if the currency is on its way out. I suspect that this bailout will blow up sooner than people realize.
Europe is broker!
Here's what I think. All of these fiat currencies will go down in flames. The UK has a massive debt problem and the Germans have a ridiculously high unemployment rate. Europe is in big trouble!