Authored by Michael Lebowitz via RealInvestmentAdvice.com,
“At the end fiat money returns to its inner value - zero.” – Voltaire
“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.” – Mario Draghi July 26, 2012
On July 26, 2012, European Central Bank (ECB) President Mario Draghi essentially guaranteed the ECB would not allow the markets to cripple the Euro region. This shot across the bow finally remedied the instability...