On Monday morning the G20 as a group rejected assisting the Europeans with further financing as the rest of the world continues to meet the challenges presented with the mismanagement of the global economy, especially finances. The Germans the largest contributor of bailout funds had no choice but to agree to expand their funding and approve the second Greek Bailout. With the situation as grave as it is, the system is seen to big to fail and thus another generation will be sacrificed to appease a nation from having to struggle. With the decision to print more money, inflation is inevitable. Prices will soar and the standard of living of the middle class will erode. Politicians need to think for the good of the people not for themselves. It is time to stop the financiers like Goldman Sacks from robbing the wealth of nations just because they can and have the political influence to do so. The citizens will rebel and Europe may not be the destination of choice in the upcoming months or years. Think before you intend to travel. Watch this it aired on BBC News on Sunday- Goldman Sachs, part of the evil world financial empire.Come to your own conclusions.
US Consumer Confidence climbs to highest level in a year as it hit 70.8 from a revised 61.5 in Jan.; the consensus was for a climb to 63.0, which far exceeded xpectations. The hope is that this uptrend in consumer confidence can flow into the retail economy and keep households spending.
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