Sunday, October 19, 2008

More Paper Confetti to Feed World Hyperinflation

German Parliament approves €500 billion financial bailout

"...The German plan, worth US$675 billion, was handed to parliament after approval Monday by Merkel's cabinet. it is part of a coordinated European bailout effort in the face of nervous, volatile markets.
Earlier this week, Merkel warned that "the danger for financial market stability has not yet been banished."

"We must, by approving this bill, as quickly as possible create the basis for calming the situation on the markets," she said..."

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