Wednesday, December 8, 2010
Friday, December 3, 2010
Thursday, December 2, 2010
Take the money and buy Gold
If Ireland wants to get creative, it should take Trichet up on the offer right now for "unlimited cash" at 1%, and put the whole shebang on gold.
In a few of months when the payment is due, Ireland can tell the ECB that it will keep the gold to start a new gold-backed currency and the ECB can keep the IOUs. That would get the ECB and IMF talking about haircuts in short order.
Mish
In a few of months when the payment is due, Ireland can tell the ECB that it will keep the gold to start a new gold-backed currency and the ECB can keep the IOUs. That would get the ECB and IMF talking about haircuts in short order.
Mish
Thursday, November 25, 2010
Saturday, November 20, 2010
Saturday, November 6, 2010
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