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Merkel Rejects Debt Sharing


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My bet is that G-day is coming soon. Greece is out, ESM is in, banks are nationalized to recapitalize them, then Eurobonds are issued backed by sequestered VAT + the national gold hoards. EU directive will force sale of private gold to the central banks. Then gold is revalued. Nationalized banks financial data becomes state secrets and hyper-leverage takes off again which we will see only from increased public spending.


The result is a hard Euro vs other currencies and a death to the US reserve currency status. Its funny that Obama/Geithner the destroyers are pushing the Eurobond. Traitors!

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