Perhaps instead of buying gold, one should just short the euro? That
would be the insightful and opportunistic thing, yes? You know? This
could unite all of these anciently warring countries. *If* each
country's peoples understand it is the international bankers and
investors who are causing the problems, then "the peoples" can unite.
Darryl
On 10/26/2011 8:56 AM, Ed Weick wrote:
If it is a farce, it's a tragic one. European history is full of
battles and bloodshed. Differences between nations and peoples were
emphasized. What the EU has tried to do with a common currency and
lower national bariers was to put an end to the kinds of hatreds and
slaughters Europeans have had to deal with since time immemorial. I
guess they didn't - and couldn't - go far enough and now they may have
to pay for not having done so and become one more example of a system
based on ideals having gone wrong.
Ed
----- Original Message -----
*From:* Keith Hudson <mailto:[email protected]>
*To:* RE-DESIGNING WORK, INCOME DISTRIBUTION, ,EDUCATION
<mailto:[email protected]>
*Sent:* Wednesday, October 26, 2011 3:50 AM
*Subject:* [Futurework] The Eurozone is now a farce
The Eurozone has now become a farce, and the Heads of State who
are meeting today at Brussels will have to be magicians with words
if they are to convince investors that the Eurozone has any future
at all.
Today's Summit should have been that of Finance Ministers who were
to have supplied the final details of the rescue plan for Greece
through to Italy. Late last night it was postponed to an unknown
meeting in the future -- very likely a meeting that will never be
held. It's not as though the Eurozone problem is of recent origin.
Officials and politicians have been kicking the can down the road
on at least a dozen occasions in the last two years. The
cancellation of the present rescue plan is only the last of these.
After opening this morning, the London Stock Exchange tried to be
brave for the first ten minutes but shares are now (8.30am)
plunging. Is this the beginning of a "depression that will be
worse than anything in the last century" (Sir Mervyn King,
Governor of the Bank of England)? Readers would be well-advised
to buy a few gold coins while they're still available before
Eurozone investors get at them.
Keith
Keith Hudson, Saltford, England
http://allisstatus.wordpress.com/2011/10/
------------------------------------------------------------------------
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_______________________________________________
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