November 17, 2011
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November 17, 2011
The guys report on the latest news regarding the ever-evolving European debt crisis. Plus, Walt reports on the surprising success Ron Paul is experiencing in Iowa polls, and Gene talks about the unbelievably high cost of keeping prisoners at Guantanamo Bay.
As efforts to bail out Greece continue to flounder, Italy is now emerging as a major weak point in the ongoing attempt to preserve the young European Union. German Chancellor Angela Merkel pointedly declares that the European Central Bank should not and will not buy up sovereign debt in order to stabilize the weak sisters in a direct attempt to pander to market traders who would ultimately destroy the Euro via their trades as a result of such actions. Walt points out that when the official word from any central bank or government official is that the central bank is not going to monetize, you can safely assume that monetizing is exactly what is going on behind the scenes.