Stocks soar after ECB vows to protect the euro
Peter Tuchman
Trader Peter Tuchman works on the floor of the New York Stock Exchange during the IPO of Northern Tier Energy, Thursday, July 26, 2012. U.S. stocks are soaring at the opening bell after the president of the European Central Bank vowed to do what it takes to preserve the continent's monetary union. (AP Photo/Richard Drew)
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American Socialist posted at 10:29 am on Thu, Jul 26, 2012.
Every time an investor makes money off of the euro (by shorting it) it drops in value.
World trade is a death machine....
ValenS posted at 7:23 am on Tue, Aug 14, 2012.
Probably the most fundamentally significant fact that has been revealed not only now but in the credit crunch crisis three years ago, is that the fate and future of almost anyone - individuals, small companies, conglomerates, and now countries - is governed totally by the doctrinaire theorising of hugely wealth-bloated, solely self-interested financial organisations - money lenders and money markets. It is usury on a global scale which pays scant attention to the affect their thinking and actions have on people or societies. Governments all over the word now find themselves unable to act in the interests of those who democratically elected them, constrained by debt - and the terms of that debt. We are, in fact, governed by world usury.