Demand for physical gold and silver outpaces supply in Europe, as the price-per-ounce for gold hits record highs.

 

Central banks are set to print 600 billion Euros to fill the holes left by sovereign debts, but this won't stop the inevitable inflationary disaster.

 

Rumors are that Germany will announce on Friday that it is abandoning the Euro and returning to the mark...

 

Spain's socialist president announces major austerity measures for that country's government.

 

Looks like the end is nigh! How exciting! ;)

:surprised:

 

This could make a great movie.

 

 

Bring on the drama! :awesome:

Rumors are that Germany will announce on Friday that it is abandoning the Euro and returning to the mark...

 

That seems pretty unlikely?

 

Btw, you forgot to mention the Icelandic volcano ash cloud covering half Europe and that the world will end in 2012... :wacky:

What a flashy thread icon button for news! Much classier than those exclamation marks or random emotes.

Rumors are that Germany will announce on Friday that it is abandoning the Euro and returning to the mark...

 

I wish this would be true! :laugh3:

 

Anyway, Tom Buhrow, who's the news presenter of the ARD network, published his point of view in the NY Times this week and it somehow reflects my feelings in regard to the fall of the euro (and Europe in general) right now as well...

 

http://www.nytimes.com/2010/04/28/opinion/28iht-edbuhrow.html

Or the fall of Europe?:stunned:

It's important for Europeans and humanity in general to remember the cost of a union - many times there are civil wars, massive economic turmoil, and infighting. Invariably some groups are oppressed and others are favored.

 

The United States is not a model to follow. Currently the 50 states are essentially the same because of the centralization of political power in Washington. The rich states "bail out" the poor states on a regular basis, and as a result risk isn't priced correctly and the poor states remain poor indefinitely. Any time someone suggests greater autonomy for individual states, they are accused of being a "Confederate", a racist, a lunatic, a gun-nut. We must all follow the same rules, they say, otherwise what is the purpose of rules? It's this same logic that justifies a one-world government. The world is massive for a reason - so that people who disagree can walk away from each other, rather than killing each other.

I should go back to Europe soon while it's cheap. :P

 

Spain's socialist president announces major austerity measures for that country's government.

seven lies multiplied by seven, multiplied by seven again.

 

if he truly want austerity measures, he'll reduce the politics, sindicates and advisors salary and numbers, instead of increase taxes to waste the money doing works that are not needed to be done (including private works for the Ministers here with the citizens money), or we would save time not discussing about unnecesary stuff, and would focus on solve the real problems that citizens have here, and take real measures to solve the problems involving all big politic parties and sectors.

 

but no he won't do that, he prefer to waste and pretend.

 

he's been denying the economy crises for more than a year (while +1.000.000 citizens lose their jobs), now people don't have a job so no money to pay their needs, so no money to pay taxes to allow politics to live in luxury, then he goes ALERT, ALERT austeriry measures are going to be taken: LIES.

 

it won't surprise me that EU ban us temporally until we solve the economy problem, which with the current politicians we have i doubt it really much to happen any time soon.

Darlene, I'm glad you brought that to my attention... maybe Spain is worse than we here in America know!

 

I know that Obama is behind a lot of what's happening in Europe now. He's the one who convinced Angela Merkel to go against the wishes of the German people, and he's also supposedly the one who told Spain's president to pretend like he is cutting the spending there.

 

This will only end in disaster! If you live in Europe, I would suggest you buy real gold & silver. Also if you can own some land, now would be the time to buy it. Don't leave any of your savings in Euros!

Anybody want a €500 note?

 

I can't use it anymore without people thinking I'm a drug-lord

Well, is the big package going to help Greece anyway?

This so remembers me of Mexico 94.

http://blogs.telegraph.co.uk/finance/edmundconway/100005657/us-faces-same-problems-as-greece-says-bank-of-england/

 

Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive.

 

:laugh3:

 

At least he got the first part right - America's dollar won't be around much longer! But the other part sounds fascist.

 

Centralize! Monopolize! Single currency! Master race! Heil!

 

Angela Merkel even thinks the EU should grow stronger. This is such a joke. I hope the people of Europe see through this sham.

 

Tell Mervyn King to GO TO HELL.

If you live in Europe, I would suggest you buy real gold & silver. Also if you can own some land, now would be the time to buy it. Don't leave any of your savings in Euros!

:surprised:

 

I'll go buy my square yard first thing tomorrow. :disappointed:

 

 

 

Man, eBay is so expensive now. :P

Sarkozy threatens to pull France out of the Euro!

 

http://www.guardian.co.uk/business/2010/may/14/nicolas-sarkozy-threatened-euro-withdrawal

 

The markets were initially unsettled by news that the French president had threatened to pull France out of the eurozone. The startling threat was made at a Brussels summit of EU leaders last Friday, at which the deal to bail out Greece was agreed. according to a report in El País newspaper quoting Spanish Prime Minister José Luis Rodríguez Zapatero.

 

Zapatero revealed details of the French threat at a closed-doors meeting of leaders from his Spanish socialist party on Wednesday.

 

Sarkozy demanded "a compromise from everyone to support Greece ... or France would reconsider its position in the euro," according to one source cited by El País.

 

"Sarkozy went as far as banging his fist on the table and threatening to leave the euro," said one unnamed Socialist leader who was at the meeting with Zapatero. "That obliged Angela Merkel to bend and reach an agreement."

 

A different source who was at the meeting with Zapatero told El País that "France, Italy and Spain formed a common front against German and Sarkozy threatened Merkel with a break in the traditional Franco-German axis."

 

El País also quotes Sarkozy as having said, according to another of those who met Zapatero, that "if at time like this, with all that is happening, Europe is not capable of a united response, then the euro makes no sense".

 

Looks like it's inevitable.

i don't believe much what my president says about Europe.

 

but it won't be a surprise if the euro finally disappear, i doubt we'll be much better without it right now.

 

so once again, we have to do the work to our wasting president? :dozey:

 

Burn, baby, burn!

jay, according to a channel here, the zapatero last reference you said is not true as he didn't attend said meeting of socialist parties of EU :thinking:

i feel everybody is lying about it all :disappointed:

:bigcry:

I don't want the Euro away !

Then we have to change again , pfff

It's way too expensive to change back. :P

Anybody want a €500 note?

 

I can't use it anymore without people thinking I'm a drug-lord

 

Don't ever use one in a French petrol station, they go a little mental at you:embarrassed:

The Euro is not breaking up, it may trade at par with the dollar or even bellow but that does not mean the end for it. I still think it's in better shape than the dollar.

^let's hope it won't break, i don't know what may happen if so. :worried:

seeing as i said, politics is kinda crap.

^let's hope it won't break, i don't know what may happen if so. :worried:

seeing as i said, politics is kinda crap.

+1

The Euro is not breaking up, it may trade at par with the dollar or even bellow but that does not mean the end for it. I still think it's in better shape than the dollar.

 

Nick, it really comes down to the politics of the individual Eurozone states. Something tells me Germany doesn't want to have to continually bail out these more profligate governments every time a shortfall comes up in the foreseeable future. You have a more optimistic view of the Euro than even most central bankers!

 

And I think you're right, the USD is going to fall hard in due time. But before then, it will be the strongest fiat currency. That'll give the US government license to inflate - after all, inflation is somewhat masked when other currencies are inflating at an even faster rate. The end result will be a huge economic disaster that the current batch of politicians want to put off on the next batch.

 

It's really sad that there isn't more of an international outcry to end central banking and peg currencies to a particular weight of gold. Humanity is doomed to continually repeat its mistakes as long as it doesn't understand how economics works. This is really kindergarten stuff - don't let people print money, even the government - but people are so brainwashed they think these bankers are necessary for the survival of the economy. They never were! Europe needs a Ron Paul.