As the Euro single curreny system staggers towards oblivion the latest plan for kicking the can further down the road is even more gobsmackingly stupid than it's predecessors.

Europes-debtors-must-pawn-their-gold-for-Eurobond

As was rightly predicted by American founding father Thomas Jefferson many years ago.

"If the American people (or any other for that matter) ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless in their homeland."