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Bill Hionas says Debt Crises in Europe and US are as Much Political as Economic

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					Bill Hionas says Debt Crises in Europe and US are as Much Political as
    Economic


(1888PressRelease) Europe continues to be the main focus for investors and financiers.

(1888PressRelease) - MIAMI, FL - Suggestions abound that '2012 will see the death of
Europe', or some similar dire forecast, making the financial markets extremely nervous, to
say the least. Unfortunately, it seems this is as much a political crisis as an economic one.
There are possible solutions to Europe's debt problems, just as there are to the problems
the US faces with its budget deficit. Unfortunately, the solutions would be exceedingly
unpopular with the citizens of the affected nations and would almost certainly guarantee
that the political leader responsible would never be re-elected. Consequently, leaders are
reluctant to take such measures.


"We have seen three European governments fall in as many weeks," says Bill Hionas.
"Austerity measures will be met with rioting in the streets, understandably so. Many
European countries currently enjoy a short working week, up to six weeks' paid vacation
and generous retirement benefits. Losing this lifestyle and possibly accepting tax hikes,
pay cuts and job losses on top is hardly likely to engender support from the masses."


The situation in the US is not so very different. The super committee was unable to reach
agreement because neither side would budge on what they consider to be key issues. As
with Europe, politicians are putting themselves, and the parties they represent, ahead of
the general good. Many financial experts are foreseeing a recession for Europe, and this
could easily spread globally. In that event, precious metals will become the ultimate safe
haven for wealth protection as investors watch many currencies depreciate in value. Gold
has served as an insurance policy for decades and has always performed well during
times of economic turmoil.


About Bill Hionas:


Bill Hionas is CEO of Pan American Metals of Miami, LLC, a group of traders, investors
and account executives that combines many years of experience to help clients invest in
bullion. PAMM provides an individual investment service and is based in Miami, Florida for
convenient access to both North and South American investors.


Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com


Press Contact


Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.billhionas.com; http://www.panamericanmetalsofmiami.com

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Description: (1888PressRelease) Europe continues to be the main focus for investors and financiers.