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| Forget the Middle East: Europe in Trouble NOW | |
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Today Bloomberg reported that Irish banks would AGAIN need an additional injection of funds in order to stay solvent.
And the amount of funds is just astronomical. The Irish national government's entire tax receipts for the 2010 fiscal year amounted to just $44 billion. But including the latest estimate of funds, these banks will have swallowed $104.5 billion in just the last year alone.
How can a government remain solvent when its annual expenditures already exceed more than twice its income? That doesn't include a single penny of government services, debt repayment or anything else the Irish government spends money on.
As they say, when something can't go on, it will stop.
It's not difficult to see that the situation in Ireland and the whole Euro-zone will simply be completely impossible to continue. But the United States and the dollar aren't far behind.
In order to protect yourself and prosper in these uncertain times, you need to hold investments that can't be manipulated by bankers or governments. You need to hold commodities.
To take advantage of the ongoing bull market in "real stuff," we've put together a full research report on the three commodity ETFs that every investor should own.
Click here to read the full write up on this opportunity.
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