Related articles ~ 1. Will Germany Save the Euro From Collapse? 2. October 3rd ~ Germany To Settle Outstanding WWI Debt ~ Could it Be? 3. RUMOR: The new Deutsche Mark banknotes are here?
August 10, 2011
Bring Back the D-Mark Germany and its solvent neighbors should leave the eurozone in favor of a new currency.
What caused Monday's big selloff? Though assigning reasons for the behavior of the stock market is a dubious exercise, it doesn't make much sense to believe Standard & Poor's downgrade of U.S. Treasury debt caused investors to dump stocks to buy Treasury debt.
The real revelation was that the European Central Bank (ECB) believed it needed to rev up the printing press to prevent Italy and Spain's debts from becoming unfinanceable. Investors sensed the world teetering on a systemic crisis. That's why U.S. banks were hammered.
Europe's debt problems aren't going to fix themselves. It's time for inspired followership from ...
http://online.wsj.com/article/
