The author of Paper Money Collapse has a few expansive and detailed thoughts about the EU’s latest bazookoid-u-like solution to their addiction to drunken sailor spending.
Gold bugs will be particularly happy to read the full article.
Here’s a summary quote:
“Last week was supposed to be a major week for Europe. We had the ECB meeting on Thursday and then another EU summit to ‘solve’ the eurozone debt crisis on Thursday and Friday. Of course, nothing has changed, nothing has been solved, and quite frankly, I do not see any reasons whatsoever for changing my analysis of what is going on and how all of this is likely to end – badly, that is.”
Read the rest.