Euro up to 137 vs $

The last thing they want is the euro to get strong and eat into their fledgling trade surplus and, in general, do its deflationary thing.

But what can they do? Discourage Japan and the rest from buying their member nation’s debt? Not.

Buy $, yen, etc? No- ideologically impossible. Gives the appearance that fx reserves are backing the euro, etc.

That leaves ‘monetary easing’ of some sort that doesn’t directly work, but hopes to scare investors out of euro.

Ted’s Dad’s sermon

No relation to former Senator Ted Kennedy…

Cruz’ Father Suggests Ted Cruz Is “Anointed” to Bring About The “End Time Transfer of Wealth”

“In a sermon last year at an Irving, Texas, megachurch that helped elect Ted Cruz to the United States Senate, Cruz’ father Rafael Cruz indicated that his son was among the evangelical Christians who are anointed as “kings” to take control of all sectors of society, an agenda commonly referred to as the “Seven Mountains” mandate, and “bring the spoils of war to the priests”, thus helping to bring about a prophesied “great transfer of wealth”, from the “wicked” to righteous gentile believers.”