Will European Woes Trigger QE3, Death of Euro?

• The Illuminists will initiate QE to infinity to bail out their own banks. They will allow practically all non Illuminist banks to collapse while giving gobs of money to their own banks to buy up the others, collapsed banks! QE means currency debasement! Got physical gold yet?
  –
  Will European Woes Trigger QE3, Death of Euro? 
  By: Bruno J. Navarro, http://www.cnbc.com/
  Ongoing economic trouble in Europe, including a “bank jog” on Greek banks, this week could signal a third round of quantitative easing on this side of the Atlantic, two money experts said Friday on CNBC’s “The Kudlow Report.”
  –
  “There is QE3 on the way,” said Don Luskin, chief investment officer at Trend Macro. “It’s just going to be at the June FMOC. It’s just going the happen. I don’t know what form it’s going to take, or how big it’s going to be, but it doesn’t matter because the ways of doing it are the same.”
  –
  Luskin said that especially in an election year, QE3 will happen because the Democrats need it. One area to watch is the action in gold, especially after a terrible couple of weeks for stocks, he added.
  –
  “Gold is finally getting the idea,” Luskin said. “Gold has been going down with stocks. The same thing happened after the Lehman failure. What was the first risk asset in the world that turned around and signaled that it would eventually be OK? It was gold.”
  –
  Jack Bouroudjian, CEO of Bull & Bear Partners, took a slightly different tack. “I advised people who were trading to not go home short this weekend, primaily because of the G8 and everything else that you just described,” he told host Larry Kudlow.
  –
  Bouroudjian reiterated the position he took in April, which was that it was time “to buy protection and walk away, not sell and walk away.”
  –
  “What I want to see is people monetize the protection and add on to the positions as the market goes down,” he said. “This action that we are seeing is much like the action we saw after the Lehman break, and I disagree with don there, although I do agree with him on QE3.”
  –
  read more!

end