European Bankruptcy

(Community Matters) ugh, on Monday I told two friends I thought the presidential election could be decided by whether Europe goes bankrupt before or after Nov 6, 2012. I was sure hoping for after . . .

The Yen as a safe haven currency? I hadn’t realized Japan is the #1 creditor nation – China is second. Then, Germany, then Saudi Arabia, then Switzerland. Two, three & four aren’t options. Rise in value of Yen and Swiss Franc comes with its own problems for their countries’ exports.  Gold up to $1,867, a 30% increase since beginning of July?

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