Christine Legarde quote on Europe

"The latest numbers that we have received, in particular from Germany, are encouraging, whether it's manufacturing, whether it's service activity, whether it's exports. That is heading in the right direction, but it needs to be sustained over time. And I'm crossing fingers for the Eurozone...

- Christine Legarde, IMF Managing Director

Wow.  Hope and prayer is a great strategy for the biggest economic zone in the world.

Why, If You Think About It, We’re All Screwed

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/2_Why%2C_If_You_Think_About%2C_Were_All_Screwed.html

Time for eurozone to reach for the gold reserves?

The author raises a legitimate question, but still doesn't understand this fundamental principle:

"Gold is money.  Everything else is credit." - JP Morgan, testifying before Congress in 1912

http://www.ft.com/intl/cms/s/0/80a239a6-f2c2-11e1-8577-00144feabdc0.html#axzz258phTXvZ

Manufacturing in slump in US, UK, eurozone and China

Unlike what the Polyanna's would have you believe, China and Germany will not save the global economy.

http://www.bbc.co.uk/news/business-19083533

IMF Lagarde: US Fiscal Cliff Key Global Risk; Oil A Worry

http://www.forexlive.com/blog/2012/07/26/imf-lagarde-us-fiscal-cliff-key-global-risk-oil-a-worry/

Germany's Eurozone Dilemma (Portfolio)

http://youtu.be/_o9KV477qO8

What really caused the eurozone crisis?

http://www.bbc.co.uk/news/business-16290598

Eurozone banking system on the edge of collapse

http://www.telegraph.co.uk/finance/financialcrisis/8947470/Eurozone-banking-system-on-the-edge-of-collapse.html

Tim Geithner Tells Germany It Has To Sacrifice More Taxpayer Money To Protect The Status Quo

http://www.zerohedge.com/news/tim-geithner-tells-germany-it-has-sacrifice-more-taxpayer-money-protect-status-quo

Japan pledges to support eurozone

Read that headline again:  Japan supports the Eurozone.  Japan?  They may be in worse financial shape than their Euro counterparts.  The shenanigans are getting more ridiculous by the day as governments desperately click on to an insolvent status quo.  They'll support one debased currency with another currency issued by a bankrupt government. 

http://news.yahoo.com/s/afp/20110621/wl_asia_afp/japaneurozoneeconomyfinancebonds