The currency is in free fall, and the continent is about to enter a new dark age, as enforced deleveraging brings economic collapse and widespread civil unrest. To me, this all means it’s time to start sifting through the wreckage, looking for potential buys in Europe. In one of the worst timed ETF launches of the year, Van Eck brought out the Market Vectors Poland ETF (NYSEARCA:PLND) in November, followed by the iShares MSCI Poland Investable Market ETF (NYSEARCA:EPOL) brought out at the end of May. Poland is one of Europe’s own emerging markets, and its close links with the German economy will enable it to ride the coat tails of any future economic recovery. Take the euro to parity against the buck, and you have the makings of a massive export boom down the road in the Fatherland. Poland also sits on a gigantic coal bed, and with its weak environmental regulation, will make it ground zero for importing American “fracting” techniques to unleash massive natural gas supplies. The collapse of the world’s most despised currency means that down the road, Poland can ditch the Zloty and join the European Community at a highly favorable exchange rate. My Euro maven ex-Economist colleague, Vivian Lewis, of the daily Global Investing letter (click here for her site at http://www.global-investing.com/ ) also says that the country is embarking on a privatization program that will sell off relics from its communist past at discount prices. When the United Kingdom did this during the eighties, everyone, including myself, made a fortune. Load up on Poland when you see the first crocuses pushing up through the ashes.