2012 should be brilliant for gold ...., page-14

The idea that this was done on purpose gives them way to much credit, all of the other instances in history where this has happened, have as the root cause sheer political stupidity . Bernanke is like a Dr Frankenstein character, he wanted to be famous to solve a problem that no one had ever solved before , that was to cure the business cycle, he thought through his monetary theories that he had found the wonder drug, the cure for economic cancer. All he achieved was animating a great monster, a Frankenstein of economics , now the monster is on the loose and they are trying to apply those same theories that gave life to the monster to try and turn it into a functional human being, many of them have devoted their lives to these false theories , many of them will be tossed into the dustbin of history, to be reviled in history as the economists that blew up the world. They know this so they cling desperately to their ideas, their elgacy will be ruination of the entire human race.

Bernanke, Delong, Thoma, Krugman (and a list of others) have been peddling their nonsense for 2 decades now, there is no turning bank its gone to far, the derivatives explosion hides the true nature of whats happened, 70% of the worlds banks will be bankrupted, you cannot print enough money to solve this, its like this massive tower thats been built from straw, the higher it becomes the weaker it becomes. People assert all we need is more straw to make it higher.

Remember this has happened before, after the South Sea bubble exploded stock markets were banned for 70 years.

The Euro will collapse, Germany the strongest economy will collapse. Its banks are owed all the money. Q)what happens when the PIIGS default? A)French, German become insolvent due to the default.

This incessant repeating of the money printing propaganda is nonsense. Money printing , Quantitative easing, bail outs are all propaganda. They are used to trick the market into thinking there are solutions.

Agreed Geiger , gold and silver physical is wealth preservation for an Australian collapse, the worse the situation gets the bigger the fall in AUD and the rise in value of the USD. Bernanke thinks he can monetize the debt by depreciating the USD. He is WRONG !!!!!! You cannot depreciate the reserve currency in a global collapse. if he wanted to depreciate the currency he shouldn't have allowed the build up of USD denominated debt in the first place.

This idea of fiscal union is nonsense, its not just a union its merging all the Euro nations into a single country, with a single treasury and parliament. People think this is a likely outcome? i wouldn't solve it anyway even it could be agreed.

The more austerity they impose the worse the situation will get, if government cuts spending then consumers cut spending, its the opposite of stimulus, if consumers stop spending then the government collects less taxes, which in turn means they have less income to pay debt, which means in turn they have to cut spending again. Money printing does zero to stop this process, they can buy as much debt as they like and all it does is create greater leverage to the downside, yet their faulty theories still tell them the opposite, their egos, reputations and careers make it impossible to accept this until a complete collapse unfolds .