"theories" as MMT (which may or may not stand for "Magic Money Trees") The fallacy of the belief that countries that print their own currency are immune to sovereign crisis will be disproven in the coming months and years . Those that treat this belief as axiomatic will most likely be the biggest losers. A handful of investors and asset managers have recently discussed an emerging school of thought, which postulates that countries, as the sole manufacturer of their currency, can never become insolvent, and in this sense, governments are not dependent on credit markets to remain fiscally operational . It is precisely this line of thinking which will ultimately lead the sheep to slaughter. The inevitable end of that supremely flawed monetarist experiment -- the Eurozone: Each subsequent "save" of the European debt crisis has been devised by the Eurocrats coming up with some new amalgamation of an entity that is more complex than its predecessor that is designed to project size, strength, and confidence to investors that the problem has been solved. Raoul, a friend of mine who resides in Spain, put it best: "Let's just clear this up again. The ECB is going to buy bonds of bankrupt banks just so the banks can buy more bonds from bankrupt governments. Meanwhile, just to prop this up the ESM will borrow money from bankrupt governments to buy the very bonds of those bankrupt governments." The EFSF, the IMF, the ESM, and the OMT (and who knows what other