Gee. I wonder why Cameron could possibly be flying to the United States today. I have this sneaking suspicion it is to make arrangements for the U.S. to make 'an offer it can't refuse' to Germany.
Behind the scenes, the United States will give Germany the money. Publicly, Germany will pay off Greek (and maybe Spanish) debt.
It costs Germany nothing.
Americans don't realize they've just handed Europe trillions.
U.S. stock markets stop falling . . . for a time.
Obummer gets reelected.
Bernanke keeps his job.
And everybody's happy!
Friday 18 May 2012
David Cameron to tell Angela Merkel she is the only person who can save euro
PM will urge German Chancellor to use her country's wealth to shore up single currency
David Usborne
independent.co.uk
David Cameron will today press the German Chancellor, Angela Merkel, to come to the rescue of Greece and other ailing European economies or risk the collapse of the single currency.
Amid growing alarm within the Treasury over the impact of the crisis on Britain, a close ally of Chancellor George Osborne warned the financial contagion in Greece could spread across southern Europe.
Mr Cameron flies to the United States today for talks with major industrial leaders, including Ms Merkel, hosted by Barack Obama at his Camp David retreat.
The two-day G8 summit will be dominated by the renewed financial storm following the political deadlock in Greece and fears that the eurozone's uncertain future could affect all western nations.
He will join other leaders in urging Ms Merkel to authorise German intervention to shore up the EU's weaker currencies.
More: http://www.independent.co.uk/news/world/europe/david-cameron-to-tell-angela-merkel-she-is-the-only-person-who-can-save-euro-7763996.html
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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