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But the Euro notes look pretty!... the U.S. dollar looks worse than monopoly money, at least they have color.
We can just get a new US dollar with a 3D pic of a tropical aquarium on it, blow all the other fiats away!
Putting art on the dollar may be the only way to increase it's value.
Highlights from Don Coxe on Spain and Greece. He spending 2 weeks in Spain currently.
I advise Germany to print more fiat money and pay off all of the Greek debt. This stimulus will lead to millions of shovel-ready government jobs throughout the Euro zone.
It would have worked in USA if only we had the willpower to stimulate more trillions of fiat currency.
And who knows, all those Greek politician escape tunnel cleaning jobs may just unearth long forgotten fat sacks of gold!
There are thousands of shovel ready jobs in every country. They will not require any investment whatsoever. It is simply a matter of arresting and trying those that have openly stated they committed crimes. There are hundreds of thousands of economists and wall street players that can be fitted with shovels, orange jumpsuits and manacles. It has a two fold effect. It will end the reliance on pretense regarding financial stability, and put those that caused it to work doing the jobs the people they raped and killed were doing. Those people will be their leaders in prison. Their support network, their pimps.
We were planning to release 1.1 billion new (eye candy) $100 bills into circulation but they contained flaws. Canada is presently printing new laundry-friendly plastic banknotes.
I hate all of the modernist concepts of today's banknotes. I actually like the traditional Greco-Roman inspired motifs with calligraphy of US/UK currency of decades ago. Looked serious. Everything else looks like monopoly money.
Then again, I hate everything else in the world today too.
Made my day.
Guilders were much prettier. And stronger.. (of course we took a hit when switched)
didn't they used to have a bar code on there as well? I remember looking at a guilder note and thinking it looked like one hell of an acid trip!
yeah the good old days.the "nineties" were my "sixties" you know.. ^__^
With Italian bond spreads at (record) 214 the EFSF is dead on arrival.
excellent read. very well explained for the novice (like me).
how does what I typed above deserve a junk? this place is wierd.... :\
Euro longs throwing a tantrum.
someone 2-3 months ago said they junk to indicate comments that they have read. don't remember who.
you made an honest comment, don't worry about being junked.
There be free speech here, fear not.
Ignore the junk... you are spot on. This article provides a simple and clear explantion of some of the systemic European macro economic issues. As you mentioned it is a good read for the novice and worthy of passing on.
Not really. The commentators always forget that Germany IS already the "lender of last resort" by an abused TARGET2 crediting system.
The EU actually lives from bankruptcy fraud. They buy German goods, but the other EU central banks dont pay the bills to the Bundesbank, they just transfer "the finest EU collateral possible", unrated Irish and Greec paper trash.... Actually they owe us a third of a trillion Euros.
But the commission will slaughter the "imbalanced" German export cow, so this will not continue forever.
"When assessing imbalances, account should be taken of their severity, and of the potentialnegative economic and financial spillovers which aggravate the vulnerability of the EUeconomy and are a threat to smooth functioning of the monetary union.Actions to address macroeconomic imbalances and divergences in competitiveness arerequired in all Member States, particularly in the euro area."
Euro will do fine. All media channels are stuffed with anti-euro junk news, but it holds 1.4 just fine. Europe should be more active in responding to the media attack (of US and UK). They should start with voiding US credit agency license in EU. And limit US hedge funds.
In the speculation economy Euro is the one always "collapsing" but in the real economy level (hey Americans and Brits, you should try that sometimes!) it is working quite nicely.
In the old days a truck driver from Spain would have needed many different currencies in his journey to Germany and Netherlands, losing needlessly money in each currency exchange.
The current crisis is a banking crisis, not currency. Banks worldwide have been stupid, too greedy and loaned too much once again to insolvent customers. USA and UK is holding up mainly due to money printing keeping their banks solvent but once that goes away, it will all collapse eventually.
a lot of this media barrage originates from Australia, the Greek Expat community is worried and enraged - what easier quick scapegoat then Germany and the Euro...
If only things were so simple!
Greece could try to adress the issue of 7 times more civil servants then what other countries need, an issue which would bankrupt anybody, anytime...
BIG haircuts must be taken by the central banksters, just that none of them want to be first in line for the barbers chair understandably...now what we'll see unfold is zombie world bankster battles to the death. Should be great.
sure, but that is really not why the bankers push. its only paper money anway. They want to leverage the debt issue to get control over hard assets. taking a haircut alone won' t get that done. the whole point is to steal real assets in exchange for fiat debt.
The same logic could be applied between Alabama and New York...or Scotland and England. USA states among themselves are as "incompatible" as Eurozone nations.
Yes, exactly. For all the Eurozone problems and bankruptcies and failures, its nothing compared to the staggering US default looming. Wait till it comes around to us in a month or so.
Greeny, is that you junking? I know your 1.46 Euro quick trade got blown out of the water, but dont throw a tantrum its unbecoming.
Crude and gasoline at LOD.
CRB Index just crashed to new lows for the year.
Uncle Gorilla has succesfully "whipped inflation" for now, using margin hikes, paper contract shorting, and unleashing the SPR.
Wow, no wonder XRT is $1 from 3-year highs.
Meanwhile prices are still at record highs, and all your longs are underwater.
I tell ya what, I trust Chinese, more than this article,
If Chinese are buying EUR bonds and EUR (unless you
think they are stupid), instead of $USD,
get a clue.
And yet your 1.46 Euro long trade is more underwater. Dont fight it, be a real trader, admit you were wrong and move along, oh master trader.
Dude, did I told you to hold for 1 year? I made 50 pips, that's
all it matter, was hoping for more though.. Next time, ones
Austerity plan passes, Next week?
OH that was a 'buy n hold for 1 year trade' now I see. Well Im not a 'buy and hold' in anything thats the biggest bunch of nonsense in history.
Just 1 question though, why did you sell at a 50 pip when you said a 300 pip was in the bag? I guess youre just THAT good....
you get it.
Watch the YouTube video...
The Manchurian President - A story of war and deception
Absolutely amazing, cunning and enlightening short film depicting the collapse of Empire America.
Absolutely amazing, cunning and enlightening short film depicting the collapse of Empire America.
Is this going to be in 3D?
So, my cut is that, NO Currency would be allowed to collapse,
either whole System collapses at ones, or they all (currencies)
be just overprinted and devaluated. If need it, Fed will print
enough to bailout entire Euro-zone, to save the system.
Go print $100 trillion....nothing at all would be fixed. Your thesis is garbage.
It seems to me that Germany's problem with Greece is more easily solved than say Texas's problem with California.
Germany can pick up it's marbles and go home, take a big hit upfront and recover. Texas, or any other state for that matter, can't just run from the US contagion, e.g. terminally ill banks in New York and and dying states like Michigan and Illinois.
Or am I stupid?
The elites have gutted Germany twice in the last century, and my guess is they'll do it again, as that ole coercive force known as 'collective guilt' will be applied heavily by the MSM painting Germans as once again unwilling to cooperate with the rest of the "civilized world." All while stirring up neo-neo-Nazi sentiments at home.
Treaty of Versailles, redux?
Over my dead body, Freund.
And you can take that to the bank.
Fool me once, shame on me
Fool me twice, shame on you
Germans are a different breed today. Collective guilt is a thing of the past.
Well they can, but.... The last time it was tried 150 years ago, it got messy in a hurry.
A sovereign nation should have a sovereign currency. No, bank produced debt-notes don't count.
Thats right, the 'one size fits all' New World Order plan is garbage, it will never work. And probably about 5 billion will have to die before the elites admit failure.
Why do you assume that they would consider the deaths of 5 billion to be a failure? Their agenda could very well be to thin the herd, and this currency squaredance is just a warmup.
Well written, good argument, just technical enough. I like this guy.
Now that you understand the frame work, watch this to simplify it even more.
Christine Lagarde is a bailout queen. Hence the push for IMF appointment.
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