Daily Archives: June 25, 2020

EU Prints Billions for Lufthansa and it is Just the Beginning

#EURUSD #EU #EUROPE #BAILOUT The EU’s top competition authority approved the massive bailout of Lufthansa by the German government on Thursday, saving one of the world’s biggest airlines from bankruptcy, but under conditions. This is the start of Europe’s bailouts that could see trillions printed and the Euro continue to erode in value. The European…

Qantas is Just the Beginning of the Australian Dollars Trouble

#FX #AUDUSD #AUD #AUSTRALIA Already over taxed and under serviced the Aussie worker is taking on an increasing amount of debt via Government bail-out and assistance programs. Afer making themselves dependent on China they now find themselves at odds with their self appointed benefactor. Government Debt to GDP in Australia averaged 24.41 percent from 1989…