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Is the US destroying the Euro on purpose

 
seeker2

User ID: 7040108
Thailand
12/14/2011 08:37 AM
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Is the US destroying the Euro on purpose
On the world seen the Euro was the biggest competitor for the USD. Some countries were actually trading Oil in the Euro's rather then the dollar or talking about it. We all saw what happened to Iraq and Lybia, and other countries that have sought to threaten the supremacy of the USD as the world currency.

Is it possible that much of what we are seeing played out is an attack on the Euro to keep the dollars place on the world scene from being threatened. sk
Anonymous Coward
User ID: 7099892
United States
12/14/2011 08:41 AM
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Re: Is the US destroying the Euro on purpose
The NWO is destroying the Euro in order to bring in the one world government. Only the NWO forgot to destroy the US Military and their plan is falling apart.
Anonymous Coward
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Portugal
12/14/2011 08:42 AM
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Re: Is the US destroying the Euro on purpose
No. They are trying to save the dollar.
seeker2 (OP)

User ID: 7040108
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12/14/2011 08:44 AM
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Re: Is the US destroying the Euro on purpose
I think this is a very telling letter from

[link to www.express.co.uk]



"Dear Madame Chancellor,
PERMIT me to begin this letter with a brief description of my knowledge of, and affection for, your country.

I first came to Germany as a boy student aged 13 in 1952, two years before you were born. After three extended vacations with German families who spoke no English I found at the age of 16 and to my pleasure that I could pass for German among Germans.

In my 20s I was posted as a foreign correspondent to East Germany in 1963, when you would have been a schoolgirl just north of East Berlin where I lived.

I know Germany, Frau Merkel, from the alleys of Hamburg to the spires of Dresden, from the Rhine to the Oder, from the bleak Baltic coast to the snows of the Bavarian Alps. I say this only to show you that I am neither ignoramus nor enemy.

I also had occasion in those years to visit the many thousands of my countrymen who held the line of the Elbe against 50,000 Soviet main battle tanks and thus kept Germany free to recover, modernise and prosper at no defence cost to herself.

And from inside the Cold War I saw our decades of effort to defeat the Soviet empire and set your East Germany free.

I was therefore disappointed last Friday to see you take the part of a small and vindictive Frenchman in what can only be seen as a targeted attack on the land of my fathers.

We both know that every country has at least one aspect of its society or economy that is so crucial, so vital that it simply cannot be conceded.
For Germany it is surely your automotive sector, your car industry.

Any foreign-sourced measure to target German cars and render them unsaleable would have to be opposed to vetopoint by a German chancellor.

For France it is the agricultural sector. For more than 50 years members of the EU have been taxed under the terms of the Common Agricultural Policy in order to subsidise France’s agriculture. Indeed, the CAP has been the cornerstone of every EU budget since the first day.

Attack it and France fights back.

For us the crucial corner of our economy is the financial services industry. Although parts of it exist all over the country it is concentrated in that part of London known even internationally as “the City”.

It is not just a few greedy bankers; we both have those but the City is far more. It is indeed a vast banking agglomeration of more banks than anywhere else in the world.

But that is the tip of the iceberg. Also in the City is the world’s greatest concentration of insurance companies.

Add to that the brokers; traders in stocks and shares worldwide, second only, and then maybe not, to Wall Street. But it is not just stocks.

The City is also home to the “exchanges” of gold and precious metals, diamonds, base metals, commodities, futures, derivatives, coffee, cocoa… the list goes on and on.

And it does not yet touch upon shipping, aviation, fuels, energy, textiles… enough. Suffice to say the City is the biggest and busiest marketplace in the world.

It makes the Paris Bourse look like a parish council set against the United Nations and even dwarfs your Frankfurt many times.

That, surely, is the point of what happened in Brussels. The French wish to wreck it and you seem to have agreed. Its contribution to the British economy is not simply useful nor even merely valuable.

It is absolutely crucial. The financial services industry contributes 10 per cent of our Gross Domestic Product and 17.5 per cent of our taxation revenue.

A direct and targeted attack on the City is an attack on my country. But that, although devised in Paris, is what you have chosen to support.

You seem to have decided that Britain is once again Germany’s enemy, a situation that has not existed since 1945.

I deeply regret this but the choice was yours and entirely yours. The Transaction Tax or Tobin Tax you reserve the right to impose would not even generate money for Brussels.

It would simply lead to massive emigration from London to other havens. Long ago it was necessary to live in a city to trade in it.

In the days when deals can flash across the world in a nanosecond all a major brokerage needs is a suite of rooms, computers, telephones and the talent of the young people barking offers and agreements down the phone.

Such a suite of rooms could be in Berne, Thun, Zurich or even Singapore. Under your Tobin Tax tens of thousands would leave London.

This would not help Brussels, it would simply help destroy the British economy.

Your conference did not even save the euro. Permit me a few home truths about it. The euro is a Franco-German construct.

It was a German chancellor (Kohl) who ordered a German banker (Karl Otto Pohl) to get together with a French civil servant (Delors) on the orders of a French president (Mitterrand) and create a common currency.

Which they did. IT was a flawed construct. Like a ship with a twisted hull it might float in calm water but if it ever hit a force eight it would probably founder.

Even then it might have worked for it was launched with a manual of rules, the Growth And Stability Pact. If the terms of that book of rules had been complied with the Good Ship Euro might have survived.

But compliance was entrusted bto the European Central Bank which catastrophically failed to insist on that compliance.

Rules governing the growing of cucumbers are more zealously enforced. This was a European Bank in a German city under a French president and it failed in its primary, even its sole, duty.

This had everything to do with France and Germany and nothing whatever to do with Britain.

Yet in Brussels last week the EU pack seemed intent only on venting its spleen on the country that wisely refused to abolish its pound.

You did not even address yourselves to saving the euro but only to seeking a way to ensure it might work in some future time.

But the euro will not be saved. It is crumbling now. And since you have now turned against my country, from this side of the Channel, Madame Chancellor, one can only say of the euro: YOU MADE IT, YOU MEND IT.""Dear Madame Chancellor,
PERMIT me to begin this letter with a brief description of my knowledge of, and affection for, your country.

I first came to Germany as a boy student aged 13 in 1952, two years before you were born. After three extended vacations with German families who spoke no English I found at the age of 16 and to my pleasure that I could pass for German among Germans.

In my 20s I was posted as a foreign correspondent to East Germany in 1963, when you would have been a schoolgirl just north of East Berlin where I lived.

I know Germany, Frau Merkel, from the alleys of Hamburg to the spires of Dresden, from the Rhine to the Oder, from the bleak Baltic coast to the snows of the Bavarian Alps. I say this only to show you that I am neither ignoramus nor enemy.

I also had occasion in those years to visit the many thousands of my countrymen who held the line of the Elbe against 50,000 Soviet main battle tanks and thus kept Germany free to recover, modernise and prosper at no defence cost to herself.

And from inside the Cold War I saw our decades of effort to defeat the Soviet empire and set your East Germany free.

I was therefore disappointed last Friday to see you take the part of a small and vindictive Frenchman in what can only be seen as a targeted attack on the land of my fathers.

We both know that every country has at least one aspect of its society or economy that is so crucial, so vital that it simply cannot be conceded.
For Germany it is surely your automotive sector, your car industry.

Any foreign-sourced measure to target German cars and render them unsaleable would have to be opposed to vetopoint by a German chancellor.

For France it is the agricultural sector. For more than 50 years members of the EU have been taxed under the terms of the Common Agricultural Policy in order to subsidise France’s agriculture. Indeed, the CAP has been the cornerstone of every EU budget since the first day.

Attack it and France fights back.

For us the crucial corner of our economy is the financial services industry. Although parts of it exist all over the country it is concentrated in that part of London known even internationally as “the City”.

It is not just a few greedy bankers; we both have those but the City is far more. It is indeed a vast banking agglomeration of more banks than anywhere else in the world.

But that is the tip of the iceberg. Also in the City is the world’s greatest concentration of insurance companies.

Add to that the brokers; traders in stocks and shares worldwide, second only, and then maybe not, to Wall Street. But it is not just stocks.

The City is also home to the “exchanges” of gold and precious metals, diamonds, base metals, commodities, futures, derivatives, coffee, cocoa… the list goes on and on.

And it does not yet touch upon shipping, aviation, fuels, energy, textiles… enough. Suffice to say the City is the biggest and busiest marketplace in the world.

It makes the Paris Bourse look like a parish council set against the United Nations and even dwarfs your Frankfurt many times.

That, surely, is the point of what happened in Brussels. The French wish to wreck it and you seem to have agreed. Its contribution to the British economy is not simply useful nor even merely valuable.

It is absolutely crucial. The financial services industry contributes 10 per cent of our Gross Domestic Product and 17.5 per cent of our taxation revenue.

A direct and targeted attack on the City is an attack on my country. But that, although devised in Paris, is what you have chosen to support.

You seem to have decided that Britain is once again Germany’s enemy, a situation that has not existed since 1945.

I deeply regret this but the choice was yours and entirely yours. The Transaction Tax or Tobin Tax you reserve the right to impose would not even generate money for Brussels.

It would simply lead to massive emigration from London to other havens. Long ago it was necessary to live in a city to trade in it.

In the days when deals can flash across the world in a nanosecond all a major brokerage needs is a suite of rooms, computers, telephones and the talent of the young people barking offers and agreements down the phone.

Such a suite of rooms could be in Berne, Thun, Zurich or even Singapore. Under your Tobin Tax tens of thousands would leave London.

This would not help Brussels, it would simply help destroy the British economy.

Your conference did not even save the euro. Permit me a few home truths about it. The euro is a Franco-German construct.

It was a German chancellor (Kohl) who ordered a German banker (Karl Otto Pohl) to get together with a French civil servant (Delors) on the orders of a French president (Mitterrand) and create a common currency.

Which they did. IT was a flawed construct. Like a ship with a twisted hull it might float in calm water but if it ever hit a force eight it would probably founder.

Even then it might have worked for it was launched with a manual of rules, the Growth And Stability Pact. If the terms of that book of rules had been complied with the Good Ship Euro might have survived.

But compliance was entrusted bto the European Central Bank which catastrophically failed to insist on that compliance.

Rules governing the growing of cucumbers are more zealously enforced. This was a European Bank in a German city under a French president and it failed in its primary, even its sole, duty.

This had everything to do with France and Germany and nothing whatever to do with Britain.

Yet in Brussels last week the EU pack seemed intent only on venting its spleen on the country that wisely refused to abolish its pound.

You did not even address yourselves to saving the euro but only to seeking a way to ensure it might work in some future time.

But the euro will not be saved. It is crumbling now. And since you have now turned against my country, from this side of the Channel, Madame Chancellor, one can only say of the euro: YOU MADE IT, YOU MEND IT."
seeker2 (OP)

User ID: 7040108
Thailand
12/14/2011 08:48 AM
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Re: Is the US destroying the Euro on purpose
So it would seem that Britain, of all the Euro countries would come out on top because they keep the pound as their currency rather then using the Euro. Hmmm

France has always be jealous of the position the US holds on the world stage and it appears they were one of the main supporters of the Euro. sk
seeker2 (OP)

User ID: 7040108
Thailand
12/14/2011 08:51 AM
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Re: Is the US destroying the Euro on purpose
No. They are trying to save the dollar.
 Quoting: Anonymous Coward 6507788


Dollar doesn't need saving, thanks to Cheney and the federal reserves chairman's brilliant plan in the invasion of Iraq and the deals that were made and the plan that was put in place. sk
Anonymous Coward
User ID: 6507788
Portugal
12/14/2011 08:52 AM
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Re: Is the US destroying the Euro on purpose
No. They are trying to save the dollar.
 Quoting: Anonymous Coward 6507788


Dollar doesn't need saving, thanks to Cheney and the federal reserves chairman's brilliant plan in the invasion of Iraq and the deals that were made and the plan that was put in place. sk
 Quoting: seeker2

cruise
good joke, did you saw their debt clock.
Anonymous Coward
User ID: 6768621
United States
12/14/2011 09:01 AM
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Re: Is the US destroying the Euro on purpose
It´s life and death fight: not enough assets to cover the losses in both currencies, worldwide.
seeker2 (OP)

User ID: 7040108
Thailand
12/14/2011 09:04 AM
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Re: Is the US destroying the Euro on purpose
No. They are trying to save the dollar.
 Quoting: Anonymous Coward 6507788


Dollar doesn't need saving, thanks to Cheney and the federal reserves chairman's brilliant plan in the invasion of Iraq and the deals that were made and the plan that was put in place. sk
 Quoting: seeker2

cruise
good joke, did you saw their debt clock.
 Quoting: Anonymous Coward 6507788


Yes, but have you seen the deal the state dept cut with leaders of Iraq. Its worth Trillions. And is about to be implemented. sk
Anonymous Coward
User ID: 6507788
Portugal
12/14/2011 09:05 AM
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Re: Is the US destroying the Euro on purpose
No. They are trying to save the dollar.
 Quoting: Anonymous Coward 6507788


Dollar doesn't need saving, thanks to Cheney and the federal reserves chairman's brilliant plan in the invasion of Iraq and the deals that were made and the plan that was put in place. sk
 Quoting: seeker2

cruise
good joke, did you saw their debt clock.
 Quoting: Anonymous Coward 6507788


Yes, but have you seen the deal the state dept cut with leaders of Iraq. Its worth Trillions. And is about to be implemented. sk
 Quoting: seeker2

cruise
but the hyperinflation will destroy the paper money, Death by Math.
seeker2 (OP)

User ID: 7040108
Thailand
12/14/2011 09:15 AM
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Re: Is the US destroying the Euro on purpose
Paper money can have inflationary pressures, due to the amount of money in circulation in relation to what backing the money. While many would say their is nothing backing most paper money that is not really true. The USD is backed by all the goods and service of every american as well as production in agriculture, oil, gold etc....

It is also relative to the amount of foreign reserves that a country has.

So let me run a scenario by you

suppose you could by a currency at 3000 to 1 usd and new that in the future say 10 years it would revalue at 1 to 3 usd and you also held large in the trillion of this currency. You also made a deal to by oil from the country using the reserves you held of theirs at a rate of 34usd per barrel until you exhausted all the reserves. Now we know that oil is selling for about $100 dollars a barrel. So we can also see them making a nice profit off of the resale of the oil. Would you take such a deal. Pretty slick and this was all put into an action plan before the invasion of Iraq according to the state dept. sk
Anonymous Coward
User ID: 6919351
Canada
12/14/2011 09:20 AM
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Re: Is the US destroying the Euro on purpose
Not just the US "They" who ever is truly in charge is destroying all currency so the only fix is to use a new world currency it's all been manipulated to replace the old system without using force. A solution that fixes a problem will be far more excepted then a solution that just replaces something people had already.


we are just the fools suffering from it.

superpowers that know how to count every coin and find every loophole don't make a mistake like dividends unless they wanted to the crash was planed all along its as plane as day.
Anonymous Coward
User ID: 6507788
Portugal
12/14/2011 09:25 AM
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Re: Is the US destroying the Euro on purpose
watch this op.
seeker2 (OP)

User ID: 7040108
Thailand
12/14/2011 09:36 AM
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Re: Is the US destroying the Euro on purpose
Not just the US "They" who ever is truly in charge is destroying all currency so the only fix is to use a new world currency it's all been manipulated to replace the old system without using force. A solution that fixes a problem will be far more excepted then a solution that just replaces something people had already.


we are just the fools suffering from it.

superpowers that know how to count every coin and find every loophole don't make a mistake like dividends unless they wanted to the crash was planed all along its as plane as day.
 Quoting: Anonymous Coward 6919351


I have to agree with most of what you are saying. It is their intention to crash to the currencies and put people in such dire straights they will give up most of their freedoms just to eat. But I think for at least the time being they are concentrating on making the USD number one at least in the short run.

I find it interesting the England is not using the Euro. Our best buddy. Between the US and England we find the home of most of the large financial institutions. Without getting into the Vatican, brussels and other conspiracies. Their was a study done not to long ago and it was posted on GLP in regards to 20 or 30 companies that basically behind the scenes run most of the large corporations around the world. It gave names and links to the subsidiarity companies. Quite and expo say. sk
seeker2 (OP)

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Thailand
12/14/2011 09:38 AM
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Re: Is the US destroying the Euro on purpose
watch this op.

 Quoting: Anonymous Coward 6507788


Germany was a victim of the banking cartel of that time. They printed their own money and for a while where the fastest growing economy in the world. Hmmm look what happened to them and every other country that doesn't join the banking cartel. sk
Anonymous Coward
User ID: 6507788
Portugal
12/14/2011 10:29 AM
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Re: Is the US destroying the Euro on purpose
watch this op.
[link to www.youtube.com]
 Quoting: Anonymous Coward 6507788


Germany was a victim of the banking cartel of that time. They printed their own money and for a while where the fastest growing economy in the world. Hmmm look what happened to them and every other country that doesn't join the banking cartel. sk
 Quoting: seeker2

Idol1
The History is made of cycles.
Bluebird

User ID: 730536
United States
12/14/2011 10:47 AM

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Re: Is the US destroying the Euro on purpose
The EU's stated goals were to compete with the U.S. both economically and even militarily.

So they started it and what would be a proper response?
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
seeker2 (OP)

User ID: 7105128
Thailand
12/14/2011 11:20 AM
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Re: Is the US destroying the Euro on purpose
The EU's stated goals were to compete with the U.S. both economically and even militarily.

So they started it and what would be a proper response?
 Quoting: Bluebird


Yes and now they are getting the asses handed to them. lol

It was not a smart move by the EU. sk
seeker2 (OP)

User ID: 7105128
Thailand
12/14/2011 11:49 AM
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Re: Is the US destroying the Euro on purpose
bump

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