The following quote from the article sums it up quite nicely.
“The ECB will have to continue buying bonds. They will have to print more aggressively than they have. . . . In the end, it’s going to be the ECB that prints its way out of the crisis…. It’s the only credible end game.”
Its true that printing is simply the only thing government is capable of and the ECB has a counter-balance to an exploding money base needed to facilitate nominal servicing of sovereign debt, marked to market gold bullion on line 1 of the asset side of it’s balance sheet. The architecture for Freegold is in place and ready to pulled out of the drawer when the SHTF. Martin Armstrong says they just need to get real and pull the plan from the drawer.
By Greg Hunter’s USAWatchdog.com
The most pressing problem on the planet right now is the European sovereign debt crisis. It is a gigantic highly leveraged mess caused by greedy reckless bankers. It was nurtured with the help of regulators who turned a blind eye and allowed the problem to mushroom into an