To: koan who wrote (71892 ) 10/5/2011 1:55:34 AM From: marcos 1 Recommendation Read Replies (1) | Respond to of 78421 Imagine being a finn or german, faced with the prospect of paying for nonsense like this to the end of time - germans have already been paying twenty years now, for the consequences of total socialism in the East, and plenty of damage still there to fix ... easy to see how strong isolationist factions could develop, definitely makes tighter political union difficult '... What mattered was the Court’s implicit warning that Germany had reached the outer boundaries of EU integration, that German democracy is under threat, and its explicit warning that the Bundestag’s fiscal powers could not be alienated to Brussels. Something profound has changed. Germans have begun to sense that the preservation of their own democracy and rule of law is in conflict with demands from Europe. They must choose one or the other. ' blogs.telegraph.co.uk telegraph.co.uk - the Telegraph keeps up this page during the day, things often arrive here before anywhere else Greeks have borrowed more than they can re-pay, so there must be default, period Banks who lent them too much have done so stupidly, and must take substantial haircuts Goldman Sachs, who helped greeks cook the books to get into the euro, should be made an offer they can't refuse - kick in with hefty cash, or else Greeks have to start paying their own way, develop a work ethic, live within their means, maybe have a look round and notice that nordic nations don't expect to retire at fifty after sporadic slack-ass work and never paying taxes, things can't work like that Anyway, it's the other form of default that concerns us, the one where They dilute the currency in which debt is denominated, interpreting Too Much Debt as an issue of Not Enough Money, run the presses hot and heavy and funnel product through their cronies, well Brussels would do this in a flash, so far the Bundesbank has resisted, it doesn't look a sure thing yet ... probably more likely this side of the water, with you folks coming into a presidential election year ... markets are clearly begging for it eh, we shall see Silver looks to me like it needs a rest, bit of time to base before resuming ... Au/Ag ratio near 55 tonight, tsk tsk, could go higher yet, we'll see the metal at 70 by this time next year though, i betcha, a little before or after gold doing 2500