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Articles attached as pdf’s because the site they are taken from is now behind a pay wall:
The Entire EU Banking System Is Bankrupt 19-01-16
EU is already preparing the “Hotel California” option for retail, aka capital controls:
EU explores account freezes to prevent runs at failing banks 28-07-17
“Never gets old” (from my point of view), $USD weightings pie chart:
I think if the $USD did undertake a long term rally and the Euro a long term fall, the inverse correlation
between PoG and $USD would hold. It could, of course, break down, but that’s just my opinion.
I believe Canada has the same bail in laws as the EU for failing banks, so I believe this issue is a global one.
Problem in Eurozone is they never recapped their banks after 2007, unlike the US, because politicians were terrified of having
to tell voters they need to pay 1 Trillion Euro to bail out their banks because the EU political elite simply didn’t bother
to regulate them properly prior to the financial crisis.
Agree JL…I am very concerned we are hanging our hats and portfolios on a Strong Euro….now that’s an oxymoron
Maybe if the EU has an accident Gold will start to decouple from all this crap like it should in a real bull market
Maybe. Still think something will blow in the Eurozone sooner or later and call the viability of the Euro as a currency into question.
Thanks JL, I will check it out. I always get the feeling with type of stuff that no matter what you read or study shits going to unfold in another unforeseen way. Sometimes ignorance is bliss to me if you know what I mean.