ECB QE Has Begun! Euro Drops to 11 Year Low as Currency Falls!

The ECB has begun its QE program as I had predicted before, not because of the foresight of a crystal ball but simply because every country is engaging in the exact same policies. When times get tough, print money. Deflation, inflation, stagflation, unemployment, poverty, war. Just print money and everything will be fine!

We will see the results of this open-ended QE program hurting the citizens and simply funding the bankers.

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Sources:
“Open-ended European QE starts ‘with a bang'”
http://www.cnbc.com/id/102354830
“Mario Draghi’s QE blitz may save southern Europe, but at the risk of losing Germany – Telegraph”
http://www.telegraph.co.uk/finance/co…
“Mario Draghi announces €1.1 trillion quantitative easing programme – Telegraph”
http://www.telegraph.co.uk/finance/ec…
“Billionaire Greene, Who Bet Against Subprime, Goes Long on U.S. While Bemoaning Jobs Crisis – Bloomberg”
http://www.bloomberg.com/news/2015-01…
“Gov’t to Give Employees 60 Pct Pay Hike as Part of Pension Reform -”
http://english.caixin.com/2015-01-21/…
“Target’s package for ex-CEO matches package for all 17,600 Canadian workers – Business – CBC News”
http://www.cbc.ca/news/business/targe…
“US oil futures surge after Saudi King’s death – Business Insider”
http://www.businessinsider.com/afp-us…
“2015 Gates Annual Letter”
http://www.gatesnotes.com/2015-annual…

(The Money GPS)

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