The proof that Europe knows it will fail

From 24hgold.com:

"No one and I stress no one is able to predict with certainty how and when the whole situation will unravel. The reason I say this is because no one can predict what irrational schemes the governments of the USA and Europe will try to put into practice."

I wrote the above back in March 2009 when I submitted my first article titled, "The Party is Over. Let the Hangover Begin." Not a bad prognosis of future events, if you will allow me to say so.

In the last four years we have had a steady procession of debt fuelled plans to save the world from financial implosion. The creators of QE 1, QE 2, TARP, EFSF etc were the same masters of financial origami who created CDO's, CDS, ABS and MBS.

But let us get back to the Europeans who are struggling to come to grips with their problem. The reasons for this are fourfold:

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