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Draghi's devalued the Euro over 20% in 6 months...How much further?
More to come?
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Currency wars bitches.
Deflation bitchez!
Got another 100% to go.
Parity by April 15th, ironically.
If the Eurozone is to perpetuate its tattered, discordant union, if even for merely a few more years, until the inevitable rears its head and smashes said union, the € needs to go MUCH, MUCH LOWER, because a debased € is the only way to pay creditors of PIIGS+FUK debt while Draghi churns more debt out and said debt helps to further choke economic activity for years, if not decades, to come.
Why not? It's working so well for Japan.
well, i hope this is a case of sell the rumour buy the news. because i have bet some bitcoins that i doesn't reach parity this year:
https://bitbet.us/bet/1111/eur-usd-parity-in-2015/
They had a nice little idiot's rally in the morning to pull in the retards before it plunged
parity
is where the party starts....
....... c'mon join the euro we'll have a few laughs.....
"How much further?"
220, 221... whatever it takes.
I wonder when Jack Lew is going to make his first comment about the Euro Zone being a "currency manipulator"?
They're on the same team. Who really cares?
Is there another team?
There is team NWO and then there is team Russia.
Then there is always the possibility that they are actually on the same team.
"220, 221... whatever it takes."
+1 for the Mr. Mom reference. One of my favorite movies of all time :)
"How would you like a trim on that moustache, Ron?" [fires up chainsaw]
#motherfuckingwinning
(Google Translate will not translate this into German for some reason.)
Deutschland über alles!
Again....
the euro is irrelevant
Not if that's how your paycheck is denominated.....
I think I see DSK trying to hump a Carib maid, there in the cliffside.
I thought that was DSK's shedded skin, there on the floor.
Money is leaving euroland and coming into the USD... very bad sign, very bad.
I see =doom=
...soon.
Many years ago this was discussed as being one of the final steps. We are not yet taking the step collectively but it's still early.
Or it's all being rigged and the cabal is pushing left and right (DXY pillars EUR, JPY and EM stuff like TRY) to support the USD and to keep the USD/RUB above 60.
The US mil needs a strong Dollar too. The significantly weaker Euro is also a bailout and incentive for the European exporters to compensate the fallout from lost business in Russia and to turn towards exporting to the US.
It's a war perpetrated by the 'international financiers'. How can anyone here know anyway for sure how these prices come into existence. We all just assume it's an authentic process. It very much comes down to perception management.
Stilll waiting for the dollar to find a near-term top, after which it will correct slightly, but it's juggernaut climb will continue later this year and the destruction to other currencies around the world will devastate many of them. Most of the world's debt is denominated in dollars so, barring default, repaying debts over the next few years will prove problematic for many countries.
http://www.globaldeflationnews.com/u-s-dollar-indexelliott-wave-update-f...
The problem is the dollar is the least smelly turd right now for the the short term. The euro and yen are doomed. What else is out there?
this of course explains why the Gold and Silver paper prices have been goin down and trading sideways for the entire month....
no prob....more for me bitchez!
DEATH TO THE MONEYCHANGERS.
French economic jounarlist said that probably half of ECB QE will be used to short gold...
Indeed: DEATH TO THE MONEYCHANGERS. Or rather time to buy Gold and default Comex.
Target price: N/A Security does not exist. Please check to see if you have entered the symbol wrong or try searching the database.
Sorry, your search for "euro" in "Currency" returned no matches.
I remember saying Euro:USD would be 1:1, a few years ago, and being called crazy here. Almost there.
I remember somebody writing here a few months ago, that a drop of EURUSD to 1.00 would be a "collapse."
I laughed and told him that's not what I would call a collapse, and that it's already baked into the cake.
Gold crapping out right along with the Euro.................
Deadly failure to remain above 1200
My gold looks the same to me, I don't really care what various fiat currencies say about it really.
Guess you buy it for jewelry then, not as an investment.
May 2014..... lets see......less than one year ago. At the time people were all bears, calling the dollar demise. What a difference a few months can make ...no ?
The dollar will fall but IMO will be the last after Euro and Yen. But I'm not sure if it's Europe or Japan first.
People in power can't lose the convenience of a world currency. So if the dollar goes belly up in the future, they have IMF's SDR to take its place. The SDR will come with all the goodies of the dollar plus the advantage of being global. So.... no more pointing fingers to the USA : )
I wish these global finance players WOULD use something else! The problem is, they are gambling with the money/economy the rest of us have to LIVE in.
So, if they switch to something else when the currency goes belly-up, we need to KEEP them there! Whatever new currencies we get, keep them for domestic-use only. Quarantine that currency. No international trades...for that they have to use their 'magic money' which they 'buy' in their own global trading markets. This way, when they lose again, they only fuck themselves up. The rest of us can keep going, and can keep our finances separate and safe. Unless we CHOOSE to invest globally, and then we take our chances like everyone else.
But a working economy and currency is something we all NEED, and we shouldn't be allowing anyone to gamble with it, for ANY reason. Domestic economies NEED to be separated from global ones, so that when the global one takes a hit, the component parts can continue to function individually. This business of a handful of lunatics being able to tie us all to their ankles and dive headfirst off a cliff is bullshit.
If this was done, it would remove all the anguish about bailing out big finance. It wouldn't HAVE to be saved unless we wanted to, they couldn't hold our own destruction over our heads like they do now.
The rapidly devaluing € is actually driving up motor fuel and home fuel prices here.
Where can I find this "EUR-USD ST Swap Model"? Google is not my friend in this case...