I have been quiet for a while because my wife says I am boring with the fcat I have been so right in my predictions!
Anyway this is another. It doesn't matter what the European Central bank says or does, it will not be able to stop the collapse of the Euro. There have been so many warnings and as usual the ECB President Mr Trichet has been slow and hiding.
Even the UK has acted and will still not be able to escape due to the exposure of the banks to Italy, Ireland, Spain, France and Greece.
I know that to shore up the Euro and countries that have debts to save other currencies, but it is a clear out time and back to basics.
Liquidity is King!
As I have said before, you cannot apply the same economic rule for all countries as they different economies and different cultures.
The Germans are now dead against anymore bailout and the Dutch are paying money out all the time.
The people will not stand for this and the politicians just cannot understand this!
Today the IMF has come out and killed the markets, so not a good omen.
This includes USA
At the end of the day it will be the survival of the least debt. This means China!!
The tide of power is shifting very fast. The last time this happened was 1939 which concluded in a world war!
Anyway this is another. It doesn't matter what the European Central bank says or does, it will not be able to stop the collapse of the Euro. There have been so many warnings and as usual the ECB President Mr Trichet has been slow and hiding.
Even the UK has acted and will still not be able to escape due to the exposure of the banks to Italy, Ireland, Spain, France and Greece.
I know that to shore up the Euro and countries that have debts to save other currencies, but it is a clear out time and back to basics.
Liquidity is King!
As I have said before, you cannot apply the same economic rule for all countries as they different economies and different cultures.
The Germans are now dead against anymore bailout and the Dutch are paying money out all the time.
The people will not stand for this and the politicians just cannot understand this!
Today the IMF has come out and killed the markets, so not a good omen.
This includes USA
At the end of the day it will be the survival of the least debt. This means China!!
The tide of power is shifting very fast. The last time this happened was 1939 which concluded in a world war!
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