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« Harry Dent: "Understanding Demographics Is Vital to Success" | Main | Have Silver Prices Bottomed Yet? »
Sunday
May202012

Europe's Firewall Is Insufficient - A One Chart Explanation

Unlike Eurocrat rhetoric, which is increasingly full of lies (thank you Jean Claude), prevarications, and half-truths, math is simple and binary. There either are enough numbers, or there aren't. In the case of the European firewall, there aren't (and that is even assuming the IMF somehow manages to convert all the money pledged for a European bailout bailout into money available for disbursement... because there is a world of difference between the two).

According to Zerohedge

To add our own two cents worth we wouldn’t trust any of the numbers published by any government as they just cant resist the opportunity to paint the picture a little brighter than it really is. After all, if you were tasked with writing your own school report or performance appraisal then you wouldn’t write a bad one, would you?

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