Bob Chapman : The Euro will be History

Bob Chapman Radio Liberty 20 June 2011

Bob Chapman : Germany is in the mood of breaking this post world war 2 tradition of blaming Germany for everything the game's over they are sick and tired of suffering , with that said Europe is going to be in a terrible mess and it is going to spread , the contagion will go to England and it will affect our market particularly the money market . The average money market have 42% of their yielding in paper in Europe , now if all these government go down what are they going to do , going negative ? on top of that the New York Money center banks they are on the hook for a 120 to 130 billion dollars just in little Greece can you imagine what the figures are in Spain and in Italy ? MEGA ! Bob Chapman estimates the numbers to between 4 to 6 trillion dollars , so they all going down and they will take the whole world financial system with them and the Euro will be History ...