Britannia Radio

It's time to be worried about the dollar and the euro

Monday, August 08, 2011 From Sovereign Man: Ancient Greek mythology tells the tale of Odysseus, the heroic king of Ithaca whose 10-year journey home after the Trojan War became one of the world's most famous epics. At one point in the journey, his ship was heading straight for two deadly hazards – on one side was Scylla, a six-headed monster disguised as a giant rock, and on the other side was Charybdis, a sinister whirlpool born from the sea god Poseidon. The perils were close enough to pose an inescapable threat to ships passing through, forcing the captain to choose between the two evils. A Latin proverb from this story, "incidit in scyllam cupiens vitare charybdim" (he runs on Scylla, wishing to avoid Charybdis), is now "between a rock and a hard place" in modern English. This is exactly where the entire world finds itself right now. With confidence vanishing, markets panicking, and entire nations going bankrupt, ultimately there are no good solutions… and thinking people need to understand some simple truths about the situation... Read full article... More on inflation: A fact about today's selloff you won't hear on the nightly news A "new stage" in the global currency wars may have started last night The Federal Reserve could soon make one of the biggest mistakes in history