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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (5513)	3/19/2010 9:04:26 AM
From: westpacific	Read Replies (1) of 26251

It seems Armstrong has released a letter saying we are entering stage 2 of the Debt Crisis; soveriegn debt defaults and it is going to hit the Euro Zone hard and then spill over to the US. Saying this phase is going to lead to Civil Unrest on a large scale. He sees no way our for many nations short of default! The Dollar should rally as money at first flees Europe; but then spillover to our debt as well. West

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