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Precious Metals
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Spain's bank rescue amounted to~$25,000 of new debt per Spianiard. One wonders how long it will take them to pay it back. (as in never) **************** "Across the country, Spaniards reacted with a mixture of anger and relief
to the news. The full amount of the eurogroup's lifeline amounts to
€21,000 of new debt for each person — almost equal to the average salary
in a country of 47 million where the unemployment rate for those under
age 25 is 52 percent."
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