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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Economic Tragedy That Everyone Saw Coming Is Now Unfolding In Europe... EURUSD Cracks To 3-Month Lows Below 1.30
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Poster Handle
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Anonymous Coward |
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Post Content
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You know, I have a hard time believing that the European country with the strongest work ethic, most productive workforce, and most significant manufacturing base would have a hard time in a post-Euro currency world.
Quoting: Dom Diputs Germany would be happy to be released from the bondage chains of the EU and it's EURO. It does nothing except cost them money and drag them down. Anyone thinking Germany wants to save the EURO is kidding themselves. Proof.........2 examples of many stories. Germany Is Already Printing Money - Deutsche Marks [ link to seekingalpha.com] Who Needs the Euro When You Can Pay With Deutsche Marks? [ link to online.wsj.com] why would Germany do that, when the rest of the World is in a state of Gold Rush? What does Germany know that the World doesnot? I just explained why Germany would do that. Taxpayers are sick and tired of bailing out the EU...and the EU being a drag on their economy. Germany would be doing very well without the drag of the EU. Germany knows the EU is going to fail....and they printed up more old trusty Deutschmarks for when it does collapse. Remember also, that Germany has been in the process of repatriating their gold from overseas...although they gave the US a wide time line, I think it was almost 2020, not sure...so if they have the gold and a solid economy to back a more sound deutsche mark than the rest of the EU and a falling euro, more power to them. PM's may be down, because of recent short sales, but all central banks worldwide have been taking possession of PM's where they can get them, increasing long positions and not exporting any mined gold. IE., Russia and China are the primary entities working this model...
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