Europe already has too strong central gov’t. Europeans are too dependant on their central gov’ts and lack shelf-sufficiency. When the Central planners fail, there will be blood on the streets, exactly want happened about 90 years ago (its already happeing in Club Med and will spread North). This will lead to Europeans to put in power men of ambition, and Europeans will egerly give up [...]
From Gold Core
Trichet: Debt Crisis is Flashing “Red” – Marc Faber Continues to Like Gold and Silver and Accumulating
Gold is marginally lower in U.S. dollars but continues to eke out gains in euros. The euro has fallen again today possibly as markets digest Trichet’s grim warning regarding financial contagion. Gold at €1,081.40/oz is less than 1% away from record nominal highs in euros at [...]
Dramatic? Yes. Dark and gloomy? Yes. Plausible? Yes.
The hyperinflationary collapse of the German Mark during the Weimar Republic led to the rise of Hitler and the onset of WWII. What kind of turmoil would a dollar collapse usher in? It’s more plausible than you think.
by John R. Taylor, Jr.
Chief Investment Officer
Not since the Wirtschaftswunder has Germany looked so good compared to the rest of Europe, and we
should ask ourselves what this means for the future of Europe and for investors today. Although
German politics are fractious and the CDU is only precariously perched in its dominant position, Angela
Merkel is riding high. Wolfgang SchÃ¤uble and Merkel are the ones calling the tune that the other
countries in [...]
by Jan Paul
It is quite possible the dollar bubble has run its course. It has been propped up for 40 years (often the lifespan of a fiat currency from what I have read). Now, the world appears to be moving away from it, our government is devaluing it, and we can’t service our debt if interest rates return to normal.
Gold may not go up in value but, to the dollar, [...]
Spain’s needs a 35 % internal devaluation (wage cuts), or in leave the Euro zone. All the other options will not work quickly enough. Either Spain leaves, or , or Germany will inevitably have to go back to the Mark. The system won’t hold otherwise. Opinions on the subject have changed radically in Spain and around Europe in just six months, and nothing can be ruled out.
Following a decade long [...]