Euro- Euro HORROR: Ireland discovered to be printing billions of euros out of thin air

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Euro HORROR: Ireland discovered to be printing billions of euros out of thin air

Tuesday, January 18, 2011
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From Mish's Global Economic Trend Analysis:

Ireland central bank counterfeited 51 billion Euros out of thin air. The amount is not backed by government bonds. Nor was it a loan from the ECB or anyone else. The money is counterfeit in every sense of the word.

Please consider the facts as depicted in Central Bank steps up its cash support to Irish banks financed by institution printing own money...

The Irish Independent learnt last night that the Central Bank of Ireland is financing €51 billion of an emergency loan program by...

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Topics:		Euro \| Inflation \| Boondoggle

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