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Wednesday, August 8, 2012

''The Fiat Currency Bubble seals the euro’s fate''

From Free Gold Money Report

''As the Greek crisis took center stage, then ECB president Trichet repeatedly promised that the ECB would not buy Greek government bonds. In May 2010, however, immediately following a weekend meeting of EU politicians, the ECB began buying Greek government bonds, and has since added purchases from other overleveraged debtor countries in the EU. By reneging on his repeated promise, it was clear that Mr. Trichet was bending to the will of politicians. He caved in and followed government orders, and doing so turned his back on Bundesbank principles.''

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