[youtube]http://www.youtube.com/watch?v=wzzoBVK3fyE[/youtube]
Real pick ya up as gold approaches $0
mmm hope i'm not a moron
caveat
http://www.tfmetalsreport.com/comment/288593#comment-288593
Real pick ya up as gold approaches $0
"By definition, risk-takers often fail. So do morons. In practice it's difficult to sort them out."
Scott Adams - The Dilbert Principle
mmm hope i'm not a moron
caveat
http://www.tfmetalsreport.com/comment/288593#comment-288593
i.e i'm a long term believer in the future success of the eurozone.. all depending on what you assume success to beIlya Repin said:The EU, is currently practising good economics, its not pleasant but its right! The so called "bail in" is actually how its supposed to work. When you (we) deposit money in a bank we loan the bank the money and in doing so accept the risk associated with it. Gov guarantees are what allowed the banks to recklessly lend and speculate with the people money in the first place. This is good for the banking system long run as it will discourage savers from putting money in insolvent and corrupt banks. Perhaps people will think more about what they do with their money from now on and shop around for banks as they would clothes trying to get the best deal in terms of their morals, risk and financial benefit.