The Phaserl


The Terrifying $250 Trillion Time Bomb, Gold And Escalating Currency Wars

from KingWorldNews:

Ireland, Italy and Portugal all have public debt to GDP ratios in excess of 125 percent. European growth is anemic. Rhetoric has not matched the reality. Greece faced yet another election and Greek shares plunged over fears of a Grexit, reminiscent of only four years ago. The reality is that Greece and the other Eurozone members only deferred their problems while their debt crept higher.

Central banks should be listened to but investors would be wise to follow their actions, not their rhetoric. The slump in oil prices, and easing of German inflation has prompted the European Central Bank to conjure new euros to buy bonds with newly minted money despite the lowest returns ever. The successive rounds of money creation are to be shoveled into the system.

John Ing continues @

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