Countries under funded resort to printing press (money, government, banks)

[SilverOne]

Unless this capital is forthcoming, a clutch of countries will prove unable to roll over their debts at a bearable cost. Those that cannot print money to tide them through, either because they no longer have a national currency (Ireland, Club Med), or because they borrowed abroad (East Europe), run the biggest risk of default.

Traders already whisper that some governments are buying their own debt through proxies at bond auctions to keep up illusions – not to be confused with transparent buying by central banks under quantitative easing. This cannot continue for long.

The capital well is running dry and some economies will wither - Telegraph

[mcmastersteve]

What I have always found impressive about the readership of the telegraph is the intelligence of its readers via commentary. If you read the comments below the article, it gives the impression that there is hope and change(?) that people are listening to the Paul's and Schiff's of the world. I find there are more intelligent opinions expressed than in your average newspaper here in North America.