As ex Pres Clinton might say, It all depends on what you mean by war.
From: [email protected] [mailto:[email protected]] On Behalf Of D & N Sent: Friday, June 01, 2012 11:24 AM To: RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION Subject: Re: [Futurework] Goodby Euro? 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-unsusta inable-slams-spanish-bank-response/2012/05/31/gJQAB7qY5U_story.html?wpisrc=n l_headlines_Fri> http://www.washingtonpost.com/business/economy/ecb-chief-calls-euro-unsustai nable-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/> _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
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