Quick Update! The European Union has agree to form a $670 Billion bailout to solve its solvency problem in several European nations. Am I the only one who realizes that most of these euro countries are flat broke. The Euro hit a 14 month low and people were wondering if the currency is on its way out. I suspect that this bailout will blow up sooner than people realize.
Why?
Europe is broker!
Here's what I think. All of these fiat currencies will go down in flames. The UK has a massive debt problem and the Germans have a ridiculously high unemployment rate. Europe is in big trouble!