Saturday, October 1, 2011

"The Destiny of Mankind Hinges upon Gold"

I must have read fifty accounts, in the FT and others of that ilk, about what went wrong with the Euro. I have yet to read one that comes out with the plain, unvarnished truth. The whole bloody Establishment of bankers, politicians, economists and journalist whores sings the same song: "The euro came to grief because there was no fiscal union". Therefore, the solution to be inferred is that fiscal union would remedy the case of the European Union's imminent collapse.

Let's face it: the euro is a fiat currency and fiat always ends up in disaster.

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