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At JSMineset.com, one commentator offers a pithy summary of this week’s long-term refinancing operation (LTRO) measures from the European Central Bank: “Today the ECB provided a nearly half trillion euro loan to European banks.More than 500 European banks took this 3 year loan at 1% interest.The ECB plans to do another 3 year ...
On August 7, 2011, former Federal Reserve Chairman Alan Greenspan told the truth – but only partly. When asked whether US Treasuries, in light of their downgrade, were still safe to invest in, the Chairman responded: “Very much so. This is not an issue of credit rating; the United States can pay any debt it has because we (the ...
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