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Old 08-06-2018, 01:51 AM
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Default Italy, hyperinflation and gold

The ECB (European Central Bank) just had its 20th birthday. But there is really nothing to celebrate. The EU is in a total mess and the Euro which was launched on January 1, 1999 is a failed currency. Every President of the ECB has had to deal with fires that had very little to do with price stability but were more a question of survival. Most of these fires were a lot more serious than the candles in the Euro cake on the left which Draghi is trying to blow out. During the French ECB Trichetís watch, he had even bigger fire to blow out which was the Great Financial Crisis that started in 2006. Read more...



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