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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (72816)	3/13/2010 12:36:15 PM
From: elmatador	Respond to of 74559

countries scramble to raise money to pay their debts. Indebteness spiralling from periphery to to center... One after the other, they will tighten their belts signalling the end of the consumption-fed GDP growth. Mobs (civil servants, teachers and airlines employees at the front, will march the European streets as the egalitarian Social-democracies die out. Capital flight ensues seeking the protection of emerging markets that have to implement toll gates to avoid overheating their economies. Societes are left polarized: youngsters vs old people Civil servants vs private employees Europe, even being nations of older people, start exporting their youth.

To: Haim R. Branisteanu who wrote (72816)	3/13/2010 9:37:12 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

or another reason for gold BERLIN, March 13 (Reuters) - Germany is considering the possibility of euro zone countries using their central banks' gold reserves to back a European Monetary Fund, German magazine Focus reported on Saturday. The German Finance Ministry declined to comment on the report by Focus, which did not specify its sources. "A proposal from the finance ministry suggests pooling the gold reserves of the former central banks of euro zone countries in a stabilisation fund," Focus wrote. According to Focus, Greece still has around 112 tonnes of gold, while the German Bundesbank has 3,407 tonnes with a market value of around 90 billion euros. German Finance Minister Wolfgang Schaeuble on Friday repeated his call for a fund which could, as a last resort, offer help to euro zone states facing bankruptcy. Greece is battling a debt crisis and EU policymakers have been debating ways of providing support for it and other troubled euro zone members. (Reporting by Stefanie Huber, Writing by Sarah Marsh; editing by Patrick Graham) Keywords: GERMANY EMF/GOLD