Ireland’s Bailout Fund Application Would Be QE

Posted: Nov 10 2010     By: Jim Sinclair      Post Edited: November 10, 2010 at 10:17 am
Filed under: General Editorial
My Dear Friends,
Should Ireland make an application to the euro bailout fund (announced at one trillion) that would be without any doubt QE.
When a single currency bails out a member’s bonds it is debt monetization which is quantitive easing.
You have to realize the rhetoric by the euro zone concerning QE is pure and unadulterated BS.
Respectfully,
Jim

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