Friday, 16 September 2011 07:53
'Treasury Secretary Tim Geithner said yesterday that European states “are going to have to do more” to solve their enormous debt troubles. To that I ask, “more” of what? That can only be “more” money printing.
Mark my words, more debt and fiat currency will be the ultimate answer to the European debt problem. It is either that or let the banks and some countries in Europe go under. If Greece was the only country to default and leave the EU, then that would not be all that bad. The real problem is all the other heavily indebted countries that are levels of magnitude more of a problem than little Greece.'
Friday, 16 September 2011 07:47
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