play this game of power, it was too late for that. when angela merkel became germany s first female chaps lore in 2005, her style was completely different than previous chancellors, calm, quiet and reserved. but what merkel lacked in fiery rhetoric, she made up for as a crisis manager. both during the lehman collapse in 2008 and the greek debt crisis in 2012. she took bold action to prop up the german economy and ailing eu member states possibly saving the single currency, the euro. europe will pay if the euro fail and europe will win in the euro wins. arguably angela merkel s biggest hour came in 2015 as hundred of thousands of refugees, mostly displaced by the syrian civil war, were literally on the eu s doorstep
from the fed? do taxpayers need to worry about it? we re always told don t worry, they have the printing press. absolutely you have to worry. this is dangerous stuff. what it means for the viewer is everything is going to cost more. right now, the stocks in the market that are doing the best is everything associated with inflation, gold is soaring, commodities are soaring because the more dollars we print, the less they re worth. mig let s move on to step two. what s what happened today, the fed has stepped in with other central banks to stave off the crisis, while europe figures out what to do. you ve got italy that needs $600 billion to bail itself out, greece is a mess, the countries over there, completely fiscally unsound and there s a real question about whether or not the united states and others need to step in to say they re too big to bail, we re very tied to europe, we can t see the economying going awry, the can t see the euro fail. in ten days, two weeks, we should know