Jeux Sans Frontieres

May 05, 2010 9:20 PM ET
LKofEnglish profile picture
LKofEnglish's Blog
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Contributor Since 2009

Problems with the media vis a vis finance is nothing new. And remember: "It is not the critic that counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena whose face is marred by dust and sweat and blood; who strives valiantly, who errs and who comes short again and again because there is no effort without error or shortcoming but who does actually strive to do the deeds, who knows great enthusiasms, the great devotions, who spends himself in a worthy cause, who at best knows in the end the triumph of high achievement and who at worst should he fail at least fails while daring greatly so his place shall never be with those timid souls who know neither victory nor defeat." Theodore Roosevelt.

While I am cetainly no expert in this field anecdotedly it seems what began as some form of "capstone of union" in the form of the euro has now morphed into a malignant "force for chaos" on the Continent.  As an investor I fail to see how the existence of the euro can do anything other than cause capital flight and further chaos.  I think policy makers and academics need to consider a replacement for the euro and need to do so now.



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