For excellent insight as to what is happening in Europe, take a listen to MEP Nigel Farage (Minister of European Parliament). Very outspoken, very against what is happening. Definitely a very rare European fiscal conservative.

How do you prepare? Think survival long term and consider how to keep what you have in a total meltdown of the fiat currency system, where governments can manipulate the value of their currency (devalue through printing more paper) thus reducing the value of your bank account.

If Greece had a printing press they'd devalue and pay off their debt with cheaper currency. But to do that they'd need to leave the EU and the Euro behind, return to the Drachma as their national currency, and then pay off their debt with devalued Drachma. By replacing the Greek PM with their former Finance Minister, the EU stopped (or maybe just delayed) that option. There's lots going on and it gets ugly -- interesting times.


"Buying gold is just buying a put against the idiocy of the political cycle" -- Kyle Bass