Several stories coming across the wires. While the situation still remains sticky, just know this. They are attempting to restructure the European Monetary System. Not the loans and all that bullshit, but the system itself. And it looks like they’re taking after the US Monetary system. Should it all pass, “The European Debt Crisis” will only be remembered in history books.
If you enjoy the content at iBankCoin, please follow us on Twitter
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
You are correct. At that moment, it would be rebranded the European Inflationary Crisis.
Inflation can be controlled.
“Can be” is a boundless argument.
Sorry mate, but you don’t monetize debt claims equal to 2X your outstanding currency over a period of one and a half years, without getting some shit fucked up.
Alright. Which would you prefer? Inflation, which is controllable even if it does get out of hand at first, or total destruction? They’ll take inflation.
Europe yes, Germany no ! What Mc Cain means is that, it can be done (I don’t think so but, who knows), but even if it could be done, it will take years and years, until then, the shit is going to stick to Europe.