I admire Europe in a general way. Certainly she is the mother of my culture. Alas, she has too long been in the grip of leftist socialism and anti-Americanism. With this in mind I wish them little luck.
I think the Euro will survive. Nobody wants to go through the uncoupling. However, I must remind myself that this was all put together for the benefit of Germany and France. If they see it as no longer being in their direct interest.....goodbye EU and Euro.
The biggest mistake the Europeans made was the fantasy of a nation called Europe. The concept of a customs union was good and benefited all. When they let themselfs be carried away by the European elites the mess began. The only reason for the EU was for permanent jobs for the left elite. The other reason was the on-going fantasy of anti-Americanism.
Germany understands the loming of Russia and will offer some plan to make sure Eastern Europe does not fall too far. France has only one interest....France. She will walk out the minute she sees no financial interest in a united Europe. She already sees that it has brought less power than expected.
As for Iceland, Ireland and Austria. Honestly, nobody cares. It is unkind but quite true.
What happens to the dollar with a non-€ world. I have not a clue.
A Surprise in Store for the Dollar? [View article]
I don't get it. This author and many others keep talking about a dollar upraise. It never happens. Why do they keep on saying it? One has to start saying there is something going on here. What?
Ireland Rejects EU Treaty, and Euro Falls Hard [View article]
If I may add another comment. I find it odd that all discussions on the dollar are concentrated on it's relationship to the €. I may point out that the most powerful currency in South America is the R$. It ignors the up's and down's of the dollar and just goes up. If the R$ gets more powerful or if it gets in trouble is quite important to the world currency market. The author consistantly ignors this.
Ireland Rejects EU Treaty, and Euro Falls Hard [View article]
God Bless Mother Ireland. She has saved Europe again!
The Brussels political mafia have once again been twarted by democracy. Any time a population is "allowed" to vote it votes NO to Brussels. Brussels, the constitution and the treaty are not about modernisation or efficient government. It is about power. Once Europe passed over from a trade group to a political group it was down hill for democracy.
US Dollar: 5 Reasons It Will Not Hit a New Low [View article]
I understand that all this is important. To whom though? What the average citizen (USA) wants is stability and a strong currency. Ben is not into that. He believes in saving the big banks and making the politicians happy. What are we getting? We are getting a weaker sick dollar, inflation and the banks are still in big trouble and politicians who have not the slightest understanding of what is going on......and obviously don't care.
I well understand that all USD stories compare it with € and GBP. However, I wonder why the most powerful currency in world the R$ of Brasil is never never mentioned. Please advise. Thank you for great columns.
Will the Euro Survive? [View article]
I think the Euro will survive. Nobody wants to go through the uncoupling. However, I must remind myself that this was all put together for the benefit of Germany and France. If they see it as no longer being in their direct interest.....goodbye EU and Euro.
The biggest mistake the Europeans made was the fantasy of a nation called Europe. The concept of a customs union was good and benefited all. When they let themselfs be carried away by the European elites the mess began. The only reason for the EU was for permanent jobs for the left elite. The other reason was the on-going fantasy of anti-Americanism.
Germany understands the loming of Russia and will offer some plan to make sure Eastern Europe does not fall too far. France has only one interest....France. She will walk out the minute she sees no financial interest in a united Europe. She already sees that it has brought less power than expected.
As for Iceland, Ireland and Austria. Honestly, nobody cares. It is unkind but quite true.
What happens to the dollar with a non-€ world. I have not a clue.
A Surprise in Store for the Dollar? [View article]
Ireland Rejects EU Treaty, and Euro Falls Hard [View article]
Ireland Rejects EU Treaty, and Euro Falls Hard [View article]
The Brussels political mafia have once again been twarted by democracy. Any time a population is "allowed" to vote it votes NO to Brussels. Brussels, the constitution and the treaty are not about modernisation or efficient government. It is about power. Once Europe passed over from a trade group to a political group it was down hill for democracy.
US Dollar: 5 Reasons It Will Not Hit a New Low [View article]
What are we getting? We are getting a weaker sick dollar, inflation and the banks are still in big trouble and politicians who have not the slightest understanding of what is going on......and obviously don't care.
Wednesday Currency Roundup [View article]
Please advise.
Thank you for great columns.