By the Central Banks and the U.S. Fed of the world selling dollars at a better loan rate to banks the central banks of the European Union, Great Britain, Switzerland, Canada and Japan and in its own way China all avoided another Lehman brothers or worse scenario. Since the Lehman brothers collapse cost at least 9 million jobs just in the U.S. as well as millions of job losses throughout the globe, all nations were wary of another episode like this in europe which could have been just as bad or potentially even worse for the world.
I'm very glad that even though politicians have been acting mostly like fools here in the U.S. and world wide, at least the central banks saved us from something potentially worse than the Great Depression worldwide. (At least for now). Because the primary problems of Sovereign debt have not been solved yet.
The solution likely will either look something like "The United States of Europe" or it will result in the collapse of the European Union and the Euro and all nations will have to go back on their own individual national currencies once again.
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- Because of fighting in Ukraine and Israel Bombing Iran I thought I should share this EMP I wrote in 2011
- "There is nothing so good that no bad may come of it and nothing so bad that no good may come of it": Descartes
- Keri Russell pulls back the curtain on "The Diplomat" (season 2 filming now for Netflix)
- most read articles from KYIV Post
- Historicity of Jesus-Wikipedia
- reprint of: Drones very small to large
- US intelligence officials make last-ditch effort to sound the alarm over foreign election interference
- The ultra-lethal drones of the future | New York Post 2014 article
- Jack Ryan from Prime (4 seasons)
- When I began to write "A Journey through Time"
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