Silver Still To Out Perform Gold – As Euro Crisis Peaks
Sep 23, 2012
How much longer is it going to take before the debt factor inside the euro crisis has reached its limit? Is this whole house of cards about to burn down? Will it be the Germans who ultimately have to pay for the fiscal mistakes that other euro nations made before the fires begin?
The Spanish bonds most surely will hit levels that could exceed seven percent very soon. Greece could possibly still keep the euro, knowing all well that the austerity measures will not be able to last into the foreseeable future. While Cyprus keeps getting dragged down under enormous amounts of debt, now equal to that of Iceland which is another foreseen hot spot.
Global Economies In Dire Straits
Furthermore the corruption that has been coming out of the eurozone over the sovereign debt crisis is unmistakably obvious to the world’s economies already. Job data within the United States is terrible it’s inexcusable. Inside China you’re seeing lots of stalling tactics and nonsense when it comes to official data that comes out. Don’t forget Japan, UK and several other countries within Europe that are also in recessions.