At 16:06 01/06/2012, REH wrote:
How long before the next world war?
Whichever way events go in Europe in the next few months and years
you can be certain that anti-German feeling (already pretty serious)
will grow.
Keith
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>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
Keith Hudson, Saltford, England http://allisstatus.wordpress.com
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