Thursday, November 24, 2011

Gold GBP 1,092/oz, JPY 130,890/oz – IMF: Japan Debt Could "Quickly Become Unsustainable"

I've been pounding the table for years:  the finances of the Euro zone may be terrible, but they are equally bad, if not worse in Japan, the UK, and the US.

History often repeats itself:  first, there are currency wars, then trade wars, and then, military conflicts.

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