you people go on and on don't you , page-19

Regarding the debt situation a few facts might help seeing through the media hype.

In the Eurozone new indebtedness has been reduced from 6.3% in 2009 to 4.3% of GDP in 2011 (actual European commission estimate). At the same time this figure for the US, the UK and Japan is north of 10%.

While in the US Republicans and Democrats are deeply entrenched and unable to agree on spending cuts whatsoever, several European countries have taken decisive steps to reduce spending and lower deficits.

So both the EU current situation and the trend are superior over the US, UK and Japan figures. Nevertheless the US/UK led media keep hammering on what they call the "*European* sovereign debt crisis".

Also, you might have noticed a series of campaigns during the last two years highlighting an alleged collapse of the Chinese economy and/or the Chinese real estate market. As we all know by now, none of these ever materialised.

The US led campaigns are dedicated to support the US Dollar as the world's reserve currency by inflicting damage to potential competitors. No more, no less. Gold is in the same boat as the Euro and Yuan. We're all well aware of the numberless articles regarding the "Gold bubble" that was about to pop and similar nonsense that keeps popping up all over the place on a regular basis.