It was the same rationale given by those unelected "officials" of the Federal Reserve as the reason for bailing out America's Wall Street: "If THEY (the rich) fail- we all fail."
So it's in that spirit of largess and I guess Christmas gift-giving that America's Federal Reserve is spending more billions to bail out select European financial institutions to avoid a total financial meltdown there.
This bailout is disguised as "a loan" with virtually no interest due.
Here we are- trillions in debt (to China) and WE have the wherewithal to bail out Europe.
You would never believe a motion picture made about this stuff that's really happening nor would you hear much about it in American news media.
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FIRST in Kansas City with Breaking News - Weather and Commentary.
*** A Kansas-born, Missouri and world-bred "Social Libertarian." Fighting the battle of the people's rights: To know vs. the government's tendency to conceal.
Truth- Justice- and- well- you-know-the-rest ***
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