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The Euro is starting to breakup. The unthinkable 10 years ago is upon us. Woe unto Europe!

 
Anonymous Coward
User ID: 1486965
United States
01/14/2012 03:04 AM
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The Euro is starting to breakup. The unthinkable 10 years ago is upon us. Woe unto Europe!
[link to www.thenewamerican.com]

[link to technorati.com]


From the New American article:

" In April, the euro was trading at just under 1.50 to the dollar. On Wednesday it closed at 1.27, a decline of almost 15 percent in nine months. Barclays Bank anticipates further declines in the euro in 2012 due to continuing weakness in the European economies. Jose Lynne, Barclay’s head of foreign exchange research, noted that “before September economic activity was pretty strong in Europe,” but it has declined substantially since then, with the euro headed for 1.20 to the dollar or even lower. [b ]Nomura, the international banking firm located in Tokyo, is considering the likelihood of a total euro collapse.[/b ] Said the bank’s foreign exchange strategist, Jens Nordvig, a break-up of the eurozone could play out in two ways: gradually, with the value of the euro dropping steadily over time, or instantly, following a default by Italy. In that event, the euro would disappear altogether and the eurozone countries would revert back to their own currencies. Nordvig admitted, “European policymakers continue to argue that they will do ‘what is needed’ to save the euro. But the genie is out of the bottle, and various break-up scenarios are now being discussed [b ]more openly.”[/b ]

How far could the euro decline? By continuing to attempt to solve the euro crisis with the very tools that started it, the Keynesian central bankers will make sure that the [b ]euro goes to zero.[/b ] As Ayn Rand put it:

[b ]" The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title.[/b ]


The Eurozone is going to breakup. It will be an economic armageddon which will cause the people of Europe great suffering. Have we heard the sad stories coming out of Greece? This is only the beginning of the mad times.
Anonymous Coward
User ID: 1260049
Netherlands
01/14/2012 03:49 AM
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Re: The Euro is starting to breakup. The unthinkable 10 years ago is upon us. Woe unto Europe!
Don't worry, a lower Euro is in fact very good.
Exports rise, companies making more money etc etc.

Europe breakup? Dream on, won't happen in our lifetime.
Anonymous Coward (OP)
User ID: 1486965
United States
01/14/2012 03:54 AM
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Re: The Euro is starting to breakup. The unthinkable 10 years ago is upon us. Woe unto Europe!
Don't worry, a lower Euro is in fact very good.
Exports rise, companies making more money etc etc.

Europe breakup? Dream on, won't happen in our lifetime.
 Quoting: Anonymous Coward 1260049


You sound like Neville Chamberlain.

[link to www.youtube.com]

It is upon us.

Your head is buried.
Zero Point

User ID: 8760297
Australia
01/14/2012 03:55 AM
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Re: The Euro is starting to breakup. The unthinkable 10 years ago is upon us. Woe unto Europe!
Don't worry, a lower Euro is in fact very good.
Exports rise, companies making more money etc etc.

Europe breakup? Dream on, won't happen in our lifetime.
 Quoting: Anonymous Coward 1260049


cruisenorespect
Another public service announcement from the Southern Hemisphere Information Leveraging Locus.
Anonymous Coward
User ID: 8807566
United States
01/14/2012 04:29 AM
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Re: The Euro is starting to breakup. The unthinkable 10 years ago is upon us. Woe unto Europe!
Wow, that didn't take long. Only 13 years to form the EU and bankrupt Europe. Not that anyone with a brain did not know this had to happen when you give greedy criminal bureaucrats complete and unchecked power to do whatever the hell they want to do. Of course they are going to stuff their pockets full of money until there is nothing more to steal.

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F F S

User ID: 8817471
United Kingdom
01/14/2012 04:39 AM
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Re: The Euro is starting to breakup. The unthinkable 10 years ago is upon us. Woe unto Europe!
Bearing in mind they changed the rules to let basket case countries like Greece into the Euro, and to top it all they havent had the accounts signed off for about 14 years due to massive discrepencies, fraud and embezellment.

The Euro countries are screwed the downgrades have started, it was never going to work without full integration and there are only a few people who want that. no one in Europe really gets on with their neighbours
Anonymous Coward
User ID: 8807566
United States
01/14/2012 04:45 AM
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Re: The Euro is starting to breakup. The unthinkable 10 years ago is upon us. Woe unto Europe!
Bearing in mind they changed the rules to let basket case countries like Greece into the Euro, and to top it all they havent had the accounts signed off for about 14 years due to massive discrepencies, fraud and embezellment.

The Euro countries are screwed the downgrades have started, it was never going to work without full integration and there are only a few people who want that. no one in Europe really gets on with their neighbours
 Quoting: F F S

The only way it could have worked is if the people of all those countries had a say in what the EU did. When the EU does not have to be held accountable to anyone then of course it was just a matter of time before they looted everything.

The U.S. is barely holding on by a thread because the leaders are trying their best to be able to do whatever they want without answering to anyone.

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