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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 399.29

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Dec 17 4:00 PM EST

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From: carranza2	9/4/2012 11:42:10 AM
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Per Gloomberg via ZH: "European Central Bank President Mario Draghi said the bank’s primary mandate compels it to intervene in bond markets to wrest back control of interest rates and ensure the euro’s survival. Mounting his strongest case yet for ECB bond purchases, Draghi told lawmakers in a closed-door session at the European Parliament in Brussels yesterday that the bank has lost control of borrowing costs in the 17-nation monetary union." ZH compares this to Paulson and his three page program....I'd say it compares to Paulson kissing Pelosi's ring....on his knees.

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