Sunday, February 26, 2012

Cumulative Credit Card Balances of the Swiss, English, Japanese, American, Chinese, and European Central Banks

Over the last 4 years, $7 Trillion was pumped into stocks, bonds, etc. by central banks of Switzerland, England, Japan, America, Europe (ECB), and China.

The balance doubled over the past 4 years, after doubling 5 years before that.

Ever tried to get your credit card balance to grow like that? How about paying it off?

Don't worry, they're sovereign nations, which means nothing can bail them out (unlike AIG, Bank of America, General Motors, Dexia), so nothing can possibly go wrong...



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