Over the last two years, however, we have seen European nation after European nation teeter on the edge of full economic collapse, and to save these Euro currency based nations there has been massive bailouts from the stronger members of the European union such as Germany and France.... The net result has been a massive strain on the Euro itself and right now we are watching it crash towards possible oblivion... So what happened?
To help answer some hard questions about the failure of the Euro, I want to present the following article that comes from the website: "The Economic Collapse", at www.theeconomiccollapseblog.com, entitled: "Look Out Below - The Nightmarish Decline Of The Euro Has Begun!". It gives some startling evidence on how the member states of the European Union got into this Euro mess in the first place, and about how the prospects for saving the Euro itself do not look good.... I do have some of my own comments to follow:
Look Out Below - The Nightmarish Decline Of The Euro Has Begun
The relative strength of the recent economic data from the US is supporting the dollar more generally, and we expect this divergence to persist as the euro-zone slides into a deep and prolonged recession. Above all, doubts about the very survival of the euro itself are likely to remain a drag on the currency. We therefore continue to expect the euro to fall to around $1.10 by the end of the year.
"Parity with the dollar next year is not out of the question"
The euro should now be recognized as an experiment that failed. This failure, which has come after just over a dozen years since the euro was introduced, in 1999, was not an accident or the result of bureaucratic mismanagement but rather the inevitable consequence of imposing a single currency on a very heterogeneous group of countries. The adverse economic consequences of the euro include the sovereign debt crises in several European countries, the fragile condition of major European banks, high levels of unemployment across the eurozone, and the large trade deficits that now plague most eurozone countries.
"We seem to have entered the last days of the euro as we currently know it. That doesn’t make a break-up very likely, but it does mean some extraordinary things will almost certainly need to happen – probably by mid-January – to prevent the progressive closure of all the euro zone sovereign bond markets, potentially accompanied by escalating runs on even the strongest banks."
NTS Notes: The Euro was the Jewish Rothschilds first major attempt at creating a one world currency, and just like other Usury debt based monetary systems, it was doomed to failure from the start....
Ok, to me, the idea of one unified currency for such a divergence of cultures never made sense in the first place. The facts have always been there that workers in different parts of Europe logically do not work, or are even paid, the same as others in other parts of Europe. These and other cultural and resource production and availability differences between the European nations has doomed the idea of a one European currency from the start. The bottom line is that the Euro experiment, whether the Rothschild lunatics like it or not, is dead, and should have died years ago.
Thankfully, this failed experiment has come forward now... These criminal Jews wanted to impose their next step towards their one world dominion and government by using the Euro model on the Americas with the introduction of the "Amero". But now because of the dismal failure of the Euro, that has little chance of happening...
Again, I am truly amazed on how these nations were able to keep the fraud of the Euro going this far. What should happen now is for the nations to end the Euro and get back to their own national currencies before they are sucked into full economic collapse due to the strain of supporting toxic debts of those member nations in true economic trouble.
There is of course another alternative, which is to follow the lead of Iceland and tell the criminal private bankers to take their toxic debts and shove it....But I seriously doubt if that will ever happen....
It will be truly amazing watching the Euro over the next few months as more nations, such as Italy and Spain attempt to solve their own toxic debt crisis problems with horrific "austerity" measures, and asking other nations for bailout money.... As a result, I agree that when it comes to the Euro itself... Look out below!
More to come