Loading ...some time ago during the last crisis by having the Swiss buy the Junk and devalue their currency which the Swiss needed to spur exports,now everything is going into reverse .The swiss are selling the Junk Bonds back to Europe while Europe devalues and buys back their Junk..
I n America its like two moonshiners taking turns holding a gun on each other ..first you hold a gun on me and force me to drink it ,and then Ill hold a gun on you and force you to drink it .Then we both can claim “He made me do it at the point of a gun” !
In the end nothings changed ..the debt is still there and everybody takes a turn trying to write it off by spuring exports at somebody elses expense .
In America they both end up with a Hangover and no booze to sell because they drank their own .!
Europe will end up beggering each other and no export profits because they used it to pay debts.!
The future looks grim for both until debts get either defaulted on and get it over with Quick or continue the slow death by chronic malaise .
How clever of them on both sides of the Atlantic ! The Fascists over there and the Communists over here !
In the end the result is the same ! Theres no difference between the Communists and the Fascists !
The Founding Fathers would say I told you so ! WE gave you a Republic (if you can keep it !).