I like FOFOA's base exposition on the reason behind the EURO - in regards to being created to cushion the blow of the (eventual) loss of the USD as a global reserve currency ... something large enough to trade oil with.
Armstrong started calling for the Euro's demise in 1997, it is now 2011, will he be writing the same in 2025? If he discovers he is wrong (about his Euro bonds proposed solution) will he ever admit it publicly? Not saying this to be a dick bag, just pointing out he appears mired to his opinion and that regardless of what level of frustration he displays (that the europeans will not issue more debt instruments), there is the possibility the Euro will continue to function.
The movers and shakers seems to be handling the whole 'systemic collapse' thing reasonably well. The fact that the wheels have not fallen off already is a testament to this. How long have we been reading opinion that a Greek default is 'just around the corner'?
I suppose so long as the majority of people are willing and able to get up and work every day, then the game can continue indefinitely. Pour me another.
2 comments:
I think Martin Armstrong received a little get out of jail bonus to stop telling the truth. His writing style has changed BIG TIME!
I like FOFOA's base exposition on the reason behind the EURO - in regards to being created to cushion the blow of the (eventual) loss of the USD as a global reserve currency ... something large enough to trade oil with.
Armstrong started calling for the Euro's demise in 1997, it is now 2011, will he be writing the same in 2025? If he discovers he is wrong (about his Euro bonds proposed solution) will he ever admit it publicly? Not saying this to be a dick bag, just pointing out he appears mired to his opinion and that regardless of what level of frustration he displays (that the europeans will not issue more debt instruments), there is the possibility the Euro will continue to function.
The movers and shakers seems to be handling the whole 'systemic collapse' thing reasonably well. The fact that the wheels have not fallen off already is a testament to this. How long have we been reading opinion that a Greek default is 'just around the corner'?
I suppose so long as the majority of people are willing and able to get up and work every day, then the game can continue indefinitely. Pour me another.
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