The way the Christian right is moving in the U.S> - let's say in time
for Christmas 2012.
D.
Sarcastic enough???
On 01/06/2012 8:06 AM, Ray Harrell wrote:
How long before the next world war?
REH
*From:*[email protected]
[mailto:[email protected]] *On Behalf Of *Keith Hudson
*Sent:* Friday, June 01, 2012 9:50 AM
*To:* RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION; Ed Weick
*Subject:* Re: [Futurework] Goodby Euro?
At 13:47 01/06/2012, you wrote:
http://www.washingtonpost.com/business/economy/ecb-chief-calls-euro-unsustainable-slams-spanish-bank-response/2012/05/31/gJQAB7qY5U_story.html?wpisrc=nl_headlines_Fri
Ed
As you know, I've been forecasting the imminent death of the Eurozone
for the last two years or so. But they've been able to devise another
money-printing type plan each time and kicked the can down the road.
The problem gets worse each time it recurs. The one that's been
gathering pace for the past three weeks (and paralyzing shares on the
New York Stock Exchange) is by far the worst yet. It's now seriously
rippling from Greece to Spain and Italy. Euros are fleeing those
countries or going into German bonds (where they get a negative rate
of interest). Eurodollars are fleeing Europe for US bonds (with almost
no real rate of interest).
The Eurocrats might possibly kick the can down the road once again
with another Euro-printing solution, but I can't see how the end of
the Eurozone as we now know can be delayed for much longer.
15 minutes ago The Guardian has already said that America's job
position "has hit a wall in May". Collapse of the Eurozone's imports
and exports will send America and China into tailspins. We live in
interesting times!
Keith
Keith Hudson, Saltford, England http://allisstatus.wordpress.com
<http://allisstatus.wordpress.com/>
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