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28 October, 2011

Inflation Up Globally

Inflation Up Globally | Greg Hunter’s USAWatchdog: "The meeting yesterday in Europe to come up with a plan to stem the sovereign debt crisis turned sour. Zero was accomplished, except to put even more fear into the world over an impending financial meltdown that will likely be worse than the 2008 mushroom cloud. The Telegraph UK is reporting, 'During two hours of bitter exchanges during a meeting of all 27 EU leaders before a crisis summit of the Eurozone’s 17 members on Wednesday, President Sarkozy fought hard to get the Prime Minister barred from talks that would finalise a 100 billion euros cash injection into banks.' 'We’re sick of you criticising us and telling us what to do. You say you hate the euro, you didn’t want to join and now you want to interfere in our meetings,' the French leader told Mr. Cameron, according to diplomats.' It appears members of the EU are having a hard time coming up with a plan which will, no doubt, be some sort of combination of bank failure, steep haircuts in sour sovereign debt, and money printing to pick winners..."

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