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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 382.87

-0.8%

Nov 13 4:00 PM EST

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To: Haim R. Branisteanu who wrote (64000)	5/31/2010 11:51:56 AM
From: Golconda	2 Recommendations Read Replies (1) of 217753

At the risk of repeating Kayakers sentiments I would say that Greece debt HAS to be restructured ie default as there is no realistic way that the €'s can ever be paid back, enriching of Soros and co. is incidental. The PIIGS are only taking corrective measures as their positions have been brought into the spotlight by nasty speculators such as Soros & co. risking their funds in the process and after all face a formidable foe in the shape of the combined central banks with all their powers in reserve. Agree the US position is no better than the PIIGS. Yes the consequences of attacks on weak economies could be horrendous but what are the consequences of continuing along the same path? Tax money is already footing the bill both in US and Euroland, where else is it going to come from, suppose the CB's could utilise their gold reserves which could be great for gold bugs, nightmare for fiat money holders and following the laws of unintended consequences absolutely wonderful for the Austrians as the CB's would be castrated. Sorry wandered of topic a bit there....

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