Europe's banks are insolvent because they hold sovereign debt. It looks like our banks are loading up on our debt right now because they are the only market left for it. This article hits it on the head and educates on the debt trap which has us in its vice.
Quantitative easing, or when there's nowhere left to run: www.goldmoney.com/gold-research/quantitative-easin...=gata
http://chumly.com/n/cdec26
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