Comments on: Bailout of Italy on Tap; ECB to Become Buyer of "Only" Resort; Expect Failure of Thursday’s Italian Bond Auction; Who Will Bail Out the ECB? http://theworldnet.info/en/2011/08/bailout-of-italy-on-tap-ecb-to-become-buyer-of-only-resort-expect-failure-of-thursdays-italian-bond-auction-who-will-bail-out-the-ecb/ The World Net is your political and economy knowlage base. Thu, 04 Aug 2011 08:10:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: monkey bear http://theworldnet.info/en/2011/08/bailout-of-italy-on-tap-ecb-to-become-buyer-of-only-resort-expect-failure-of-thursdays-italian-bond-auction-who-will-bail-out-the-ecb/comment-page-1/#comment-10108 monkey bear Thu, 04 Aug 2011 08:10:30 +0000 http://theworldnet.info/2011/08/bailout-of-italy-on-tap-ecb-to-become-buyer-of-only-resort-expect-failure-of-thursdays-italian-bond-auction-who-will-bail-out-the-ecb/#comment-10108-en Germany will do it ... on its own terms. Which will be the end of the whole process and the start of true deflation/depression, social unrest, conflict etc. So currency won't tank until some time after, so gold is not a good bet just yet. Sure it's bubbling, but that's all it is right now. I think the punters who weren't in gold early are going to be burned badly when deflation hits hard and EVERYTHING goes down (pretty soon). The bet against currency is too soon, too one-sided and too obvious. As we already see in the US, politics will get in the way of the bond-buying money-printing madness. The FED is going to be nauled if it starts QE3 with zero signs that QE2 succeeded (unless you are in afore-mentionedfailed metals bubble). It's a slow process but the tide is turning.

Germany will do it … on its own terms. Which will be the end of the whole process and the start of true deflation/depression, social unrest, conflict etc. So currency won’t tank until some time after, so gold is not a good bet just yet. Sure it’s bubbling, but that’s all it is right now. I think the punters who weren’t in gold early are going to be burned badly when deflation hits hard and EVERYTHING goes down (pretty soon). The bet against currency is too soon, too one-sided and too obvious. As we already see in the US, politics will get in the way of the bond-buying money-printing madness. The FED is going to be nauled if it starts QE3 with zero signs that QE2 succeeded (unless you are in afore-mentionedfailed metals bubble). It’s a slow process but the tide is turning.

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