News & Politics
The European Central Bank announced the creation of €529.5 billion in new euros this week, although they didn't actually admit that they were creating money out of thin air. Instead, they called it a "cash infusion" according to USA Today, and it took the form of low-interest loans to banks. The guys will explain why this latest round of the European version of "quantitative easing" won't be any more effective than their last round two months ago.
Plus, the precious metals markets plunged after Fed Chairman Ben Bernanke hinted there would be no more quantitative easing in this country, and they guys will tell you why.
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