Protecting the US Dollar
The Eurozone is not a debt crisis that is “fixed,” it is a debt crisis waiting to implode.
The happy-talk that the Eurozone debt crisis has been resolved is ubiquitous. But when did ubiquitous happy-talk make it correct? Since the crisis is about debt–too much of it, and too much of it cannot and will not be paid back–then perhaps it would be prudent to look at two charts of eurozone credit, courtesy of the insightful chart-based website Market Daily Briefing.
Read More By Charles Hugh Smith .
You must log in to post a comment.
The Sound Money Institute is and educational organization dedicated to the stability and soundness of the United States Dollar. Faced with unprecedented pressure to spend beyond its means the United States Government has pressured the Federal Reserve Bank to monetize the debt or in other words they are printing currency to fund deficit spending by the US Treasury.
Subscribe here for daily updates on the most recent news from the financial sector.
Recent Comments