More info here: http://www.businessinsider.com/wow-swiss-national-bank-takes-intervention-to-a-new-level-franc-plunges-2011-9#ixzz1XAShSQO7
Wall St Jornal
The stupid Dragon Perth Mint story is still doing the rounds. Let me sum it up. If the Perth Mint did Copper Dragon coins they would sell out. They are beautiful coins. Chinese people like Dragons. There are a lot of Chinese people. No one told the Perth Mint that there are a lot of Chinese people who like dragons.
The Wikileaks story about the Chinese accumulating Gold still has legs in the underground media
Lots and lots of bad news and scary stories out of Europe can be found everywhere. Here is what is necessary to keep in mind. Europe can print as a whole via the ECB. However, they are constrained politically by the stronger countries from doing so. So the European banks go to the Fed window first as they are cheaper as well.
Individual countries can print via individual bonds. Individual countries can print Euros only with permission of the ECB. It will be necessary for the ECB to ramp up the printing as the major banks are still insolvent as are Greece etc. It will be necessary for the Fed to print. It will be necessary for the Swiss to print. Everybody will print. My good friend Charon the ferryman does not accept paper currency nor should you.
P.S. He has a preference for coins with Dragons on them as he thinks they are pretty.