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DEBT WATCH: DAILY MONEY PRINTING WARNING HIGHLIGHTS

|Includes:DIA, EWI, EWP, CurrencyShares Euro Trust ETF (FXE), GREK, SPY

IMF clarifies earlier story about SPAIN bailout-says talks strictly internal to the agency and a normal course of business. Who funds IMF rescue?

EU paralyzed until Greek elections: can't help anyone-needs try act tough-push Greece to vote for bailout

Capital outflow from Spain hit €66.2B in March, MOST since records kept -As in Greece, the big fear is that EUR deposits 2B converted into devalued local currency

Ultimately, the EU's choice is to print money or die-we bet ECB prints, Fed too (maybe via IMF)-risks USD, EUR devaluation, and devaluation of any assets denominated in these, see thesensibleguidetoforex.com for low risk, simple ways to get diversify currency exposure SEE About tab for description, Reviews tab for advanced reviews.

Your best defense against Bernanke stealing your money to fund debt payments, transfer $ from savers to spenders.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: FXE, SPY, GREK, EWP, EWI, DIA