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

GLD 399.29

+0.9%

Dec 17 4:00 PM EST

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To: carranza2 who wrote (94268)	9/4/2012 3:08:01 PM
From: Haim R. Branisteanu	1 Recommendation Read Replies (1) of 218548

To me it is obvious that Mario Draghi is smoking something very bad. His years at GS dented his ability to govern a central bank. IMHO he will manage to destroy the EUR and throw the EU into financial chaos. The best he could have done was to let the EUR depreciate another 10% to 15% as all the speculators where betting on, and give Europe a substantial currency exchange advantage and restore their manufacturing base. Instead he is fighting the EUR depreciation. Generating workplaces this what EU needs and people that work pay taxes and this is the only way you lower the budget deficits, not to mention reforming the labor market and make it easier to fire and hire people and extend the pension age from around 60 to 67 or 68. This would also save lots of money on healthcare aside from pensions. Those that will incite to strike simple solution - put them on trial for public disturbance and send them to jail with forced labor to cover their jailing expenses and contribute some $$$ to the government budgets.

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