Financial Meltdown, But Russia Saves The Euro

Carissimi, si sic Deus dilexit nos, et nos debemus alterutrum diligere. (1 John 4:11)

Investors dump stocks and commodities and run to the safety of U.S. Treasurys, according to CNBC.

"People are finding it really isn't gold. It isn't precious metals. It's not currencies. U.S. Treasurys are where people are flocking to at a time of extreme concern about risk, and we continue to see Treasurys continue to get bid up", said Zane Brown, fixed income strategist at Lord Abbett.

We are in the midst of a turbulent recession, that could turn into a depression.

Now, there are reports out of Brazil that the BRICS – Brazil, Russia, India, China, and South Africa – are looking into bond purchases to help strengthen the weakening European economy.

Today the the Finance Ministers and Central Bank Governors of the BRICS nations met in Washington DC.

According to Brazil's Finance Minister - Guido Mantega - Russia, China, and the other BRICS countries decided they will save the euro.

I think most Europeans are very happy for Russia's strong support of the euro.

We are very thankful there are still some well managed powers out there, that now can and are willing to help us out of this tragic mess we have created.

"Adeamus ergo cum fiducia ad thronum gratiae, ut misericordiam consequamur et gratiam inveniamus in auxilio oportuno", Hebrews 4:16.