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pandora's box

Citigroup Warns Of Fresh Wave Of Bank Defaults In Europe

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"This is a combined sovereign and banking crisis and that is a poisonous cocktail. The policy response has been woefully inadequate. There is a very small pot of money for a very big crisis," said Dr Buiter.

So essentially no one has got the money and the only two options it would appear are printing or default.

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So essentially no one has got the money and the only two options it would appear are printing or default.

Exactly, both of which are disasterous for the value of the currency concerned. Seeing as Japan, the US, the UK and Europe, not to mention quite a few others are all in the same boat, the case for gold (as a currency that faces either of these outcomes) can be plainly seen.

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  • 285 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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