China Tries to Kill the Euro Shorts one more time

By John Galt
May 25, 2011

Gee, is China trying to pump up precious metals prices or screw the Eurozone? This story from Bloomberg tonight:

Euro Advances on Report China Interested in Buying European Bailout Bonds

is an indication of the desperation of the world’s central banksters to keep the fiat merry-go-round going one more day, week, or month. The Euro did advance nicely as you can see in the chart below, but is China going to be there to bail our all of the PIIGS and then France, Austria, Belgium, and Eastern Europe also? I doubt it. This is another “please save us” gambit by the ChiComs to obtain more raw materials then screw over the West, just watch and see.

(from INO)

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