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<p>[QUOTE=&quot;JimOfOakCreek, post: 1297163, member: 33870&quot;]I don&#039;t anticipate an apocalypse any time soon. However, severe fiat currency devaluations are most certainly coming. The Euro has to take a huge dump considering the enormous debt burdens of Greece, Italy, Portugal, Spain and Ireland. There is not enough money in all the world to bail all those countries out if they default on their bonds. Italian bonds are yielding in the high 6 percentile. That&#039;s near junk status. Portugal, Spain and Ireland are more or less in the same boat. European leaders are not fully disclosing the problem honestly either.</p><p><br /></p><p>There is still time for a long term solution to the U.S. debt issue. But do the U.S. politicians have the cojones to do the budget tightening AND raising taxes as necessary? Personally, I don&#039;t think so. In fact I believe the unspoken plan is to inflate our way out of the $15 Trillion debt burden we&#039;ve created. It&#039;s not just Obama but Bush and Dems and Repubs alike.[/QUOTE]</p><p><br /></p>

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