From Daily Reckoning Australia
"The central bankers have no other policy than to support asset prices. They have elevated and taken control of markets beyond the point of withdrawal. There is no way back.
Foreign central banks have bought over $5.5 trillion of US Treasury securities: the reason 10-year US Treasury bonds yield 2.0%. Interest rate suppression is also fundamental to Eurocrat domination.
The two attempts at salvaging the European banking system (over one trillion euros lent by the ECB to European banks in December 2011 and February 2012) have failed. The stock price of Banco Santander, the Spanish bank advertised as not exposed to Spanish real estate, has fallen back to the level of mid-December 2011. The country's banking system is kaput. Again, there is no way back."
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