11 Sept 2011
2008 All Over Again
Prepare Now, This Could Easily Be 2008 All Over Again “I am sure the Euro will oblige us to introduce a new set of
economic policy instruments. It is politically impossible to propose
that now. But some day there will be a crisis and new instruments will
be created.”- Romano Prodi, EU Commission President, December 2001
Prodi and the other leaders who forged the euro knew what they were
doing. They knew a crisis would develop, as Milton Friedman and many
others had predicted. They accepted that as the price of European
unity. But now the payment is coming due, and it is far larger than
they probably thought.(click here for the full story from John Mauldin of Business Insider)