2010-05-17

Martin Armstrong's latest

The Euro is acting like gold during the great depression. It has cut off the option of devaluation of the currency as the only alternative to permanent default on the debt In 1931, most of Europe defaulted because they could not repay their debts in gold. Now it is the Euro instead of gold. It is the same crisis, just with a different twist.
This is from Closing at 10520.32

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