Coxe, who is Global Strategy Advisor to BMO ($538
billion in assets), also warned, “We remain of the view
that what might be the only way for the eurozone to assemble enough firepower to
give credibility to the markets is for governments which have gold to use it to
back very long-term convertible bonds.”
He also issued this
critical warning: “The euro's death throes could take a
long time. The elites may try to drag down as many innocent victims as possible
to deflect attention from themselves.”
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