European Trader Make confession on BBC about the Coming Euro Collapse

Stating the obvious for those informed. This European trader tells the BBC that the European Union is toast. The realization dawned on most of the traders when they realized Germany was the only player that had the economy and resources to bail out the PIIGS, or China. When the German people realized that a bail out would increase their national debt, in a best case scenario 32%, in a worse case scenario 52%, a German equivalent of the American “Tea Party” was spontaneously formed. In days gone past the peasants would set up barricades throughout the large cities, find the elites, then tar and feather them.
China is suffering stagnant growth and inflation from all the dollars they imported from America combined with sluggish international economic growth. China will not ride to the rescue.
Bernanke can print more money, with the consequences of further aggravating the US 3.8% inflation rate, just as the 2012 election cycle is beginning.
For those thinking the rush to the American dollar as a safety is a long term trend, think again. We have a majority states that could possible go bankrupt. We are Europe in a couple of years at best.

And my university rides my ass because I detest teaching Keynesian economics and prefer to teach Austrian economics.