"It begins, but does not end, with Greece."

Folks, I do trust the good people at Agora Financial and what they highlight in the 5 Minute Forecast. They brought up the analysis of their macro advisor. Here's what they reported today:

"

This will be the biggest story of 2010,”

says our macro adviser Rob Parenteau, “but Wall Street economists and investment analysts will be the last to really get it. The European Monetary Union had several design flaws from the get-go.

“We presume the path of least resistance will be a maxi-depreciation of the euro, on the order of another 20–30% decline in the exchange rate of the euro.”

Wow. This dovetails with advice I heard this weekend at an investment seminar - a hedge fund manager I trust who advised the audience that he expects the Euro to crash as well.

Another fiat currency (today I call it helicopter money) that may bite the dust. So predictable.
That same hedge fund manager predicted $2000 gold by the end of 2011. $2000 gold - I would not doubt it at all !! Get your gold as investment now here at Lear Capital.