several commentators    have described the Euro in recent times as a European ponzi scheme. Any fiat currency is based on government based debt and comparing the Euro with a ponzi scheme isn't entirely of the mark. But that's the same case with any of the other paper based currencies. Is the combination of a fiat currency with fractional-reserve banking the the real straw that breaks the camel's back?
And now the Bundesbank is repatriating its Gold from the New York Fed, is there something big in the making?