“The author and euro-critic Udo Ulfkotte believes that Angela Merkel already thinking “behind closed doors” about a split in the euro zone. She stand positive to a North Euro because she knows that the euro in it’s current form can not exist. In the new anti-euro party AFD Ulfkotte sees a serious threat to Merkel. Well revenge on it’s assessment of the undemocratic introduction of the euro, which was orchestrated [...]
Helmut Kohl, Germany’s former chancellor, has admitted that he acted like a “dictator” to bring in the single currency to the country, otherwise he “would have lost” had he held a referendum.
In an interview conducted for a journalist’s PhD thesis, Germany’slongest-serving postwar chancellor said that he would have lost any popular vote on the euro by an overwhelming majority.
“I knew that I could never win a referendum in Germany,” he said. [...]
Whole of Germany is talking about the new anti-euro party – a German tea party movement and a nasty shock for Merkel
Political revolt against the euro construct has spread to Germany.
A new party led by economists, jurists, and Christian Democrat rebels will kick off this week, calling for the break-up of monetary union before it can do any more damage.
“An end to this euro,” is the first line on [...]
Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, has an absolutely fascinating and incredibly important 45-year chart, which is a spectacular illustration of why gold and silver are in bull markets. Fitzwilson also discusses how this wealth destruction cycle will be uniquely different from the 70s, and multiple ways investors can protect themselves.
Below is a chart [...]
Soros and everyone else are getting set up for the collapse of the EURO. Once this happens the stage will be set.
“We notice that it’s becoming increasingly difficult to sell Asians and Americans on investments in Europe,” asset manager Vorndran told Spiegel, adding that although the U.S., Japan, and the U.K. “are all lying in the same hospital ward,” as he puts it, “it’s still better to invest in a [...]
Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems afterGreece adopted the euro more than a decade ago and would be ready at the flick of a switch if its debt problems forced it to bring back national banknotes and coins.
From the end of the Soviet Union – which spawned currencies such as the Estonian Kroon and the Kazakh Tenge – [...]
Operation Self-Deceit: New Documents Shine Light on Euro Birth Defects
By Sven Böll, Christian Reiermann, Michael Sauga and Klaus Wiegrefe
Newly revealed German government documents reveal that many in Helmut Kohl’s Chancellery had deep doubts about a European common currency when it was introduced in 1998. First and foremost, experts pointed to Italy as being the euro’s weak link. The early shortcomings have yet to be corrected.
Many of the euro’s problems can be [...]
1) Euro ministers fail to clinch deal on Greek aid
“Euro zone ministers failed on Tuesday to reach agreement on how private holders of Greek debt should share the costs of a new bailout, putting the onus on the leaders of Germany and France to forge a deal later this week.
Nervous markets pushed the bond yields of Greece, Ireland and Portugal to their highest levels since the [...]
Written by Tom Cleveland, foreign exchange market analyst: While the major foreign exchange event of the past decade would surely be the highly successful introduction of the euro, many may have overlooked the results of the more northern “crown” currencies, those belonging to Scandinavian countries and the Republic of Iceland. Each has tracked well with the success of the euro, but disruption and divergence [...]
Despite the best efforts of the International Monetary Fund, the financial crisis in Europe seems full of suspense. Will Germany and the European Union actually cough up the money to help bail out Greece, which is on the edge of a financial meltdown? Will the contagion spread to other vulnerable countries, like Portugal and Spain?
Europe’s Web of Debt
Greeks Take to Streets in Protest of Deep Spending Cuts (May 2, 2010)