http://www.zerohedge.com/news/european-ponzi-goes-full-retard-efsf-found-monetize-itself
And you thought the Miss USA 2011 videos were “lighter”? Ha no, we can do way better than that. Try central bankers!
“Sources said the EFSF [EU’s bail-out fund] had spent more than € 100m buying up its own bonds to help it achieve its funding target after the banks leading the deal were only able to find about €2.7bn of outside demand for the debt.”
So the bail-out fund funded itself. Isn’t that brilliant?