yes 1 trillion for imf and i trillion in euro fund as a firewall for europe. last months euro ltro was roughly 1.4 trillion. another ltro this week, could be up to 1 trillion but perhaps only half a trillion. any one do maths. up to 4 trillion is being printed. jim rogers said last week paper money wont exist at the current rate things are going. he is proposing a possible financial catastrophe i guess when he makes such a statement. markets doing same thing as in 2008 just after oil hit 150. traders will do anything they can get away with to make money. slight recovery in american economic numbers so traders think they can get away with pushing oil to, many are saying, 150 again. the deal was just after the gfc that when you see oil go to 150 again its time to head bush, to escape the next much worse gfc.
