tisdag 9 augusti 2011

The debt can not be repaid

35 min in to this broadcast an interview with Jim Rickards. Interesting stuff e.g. about EFSF. Italy only needs 1 trillion Euros coming three years. And Italy will drag France its largest debtor with it.
Take away: were in a depression since 2007 and now we have a recession within a depression. Reputiate all the debt and reboot.

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