End of Euro? ... Ireland Prints Own Notes. Plus, Nigel Farage on 'Monster' Eurozone

reply to post by RUSSO


Exactly, they have rough ideas of what all possible scenarios can happen. Its already over for everyone.

Call me stupid but till this day I still didnt quite grasp the logic behind a company that's business is to take peoples money. That needs more money from the government to stay in business to even take more money from their customers while the government on the other end raises taxes to support the so called loans....

What the hell is wrong with this picture ?!?? Luckily I moved outta the Eurozone a while ago.

I have my savings both in EUR and USD. I guess it would be wise to start buying gold?

Originally posted by strato
I have my savings both in EUR and USD. I guess it would be wise to start buying gold?

Silver.

If the IMF and others sell off their gold reserves at some point, it will flood the gold market and cause the current gold bubble to collapse.

Originally posted by no special characters
Call me stupid but till this day I still didnt quite grasp the logic behind a company that's business is to take peoples money. That needs more money from the government to stay in business to even take more money from their customers while the government on the other end raises taxes to support the so called loans....

What the hell is wrong with this picture ?!?? Luckily I moved outta the Eurozone a while ago.

edit on 19-1-2011 by no special characters because: (no reason given)

It seems your the only one to have a clue whats going on...everyone else is still in the cryogenic chamber waiting for "the cure"...what cure I have no idea! I hate banks and government with a passion because both are horrid liars and cheats....

The story is true, its now appeared in Irelands largest newspaper, with it ominously saying that it is unsustainable and barring a miracle the Irish banks will see another massive crash. I didn't realise Ireland could print its own currency since joining the Euro, but apparently we can print 51 billion.
It's about time the ECB starting printing Euros, it would help out the beleaguered countries, and drop the value of the Euro, making exports more competitive. We've already seen the US and the UK doing it, but the Germans are scared of printing money and the Eurocrats can't get over their egos and let the Euro drop in value.

Also in the news, was how Socialist MEP Joe Higgins made Jose Barroso explode in anger after he attacked the bailout and conditions of it that were imposed on Ireland. Got abit too close to the truth.
www.independent.ie...

Germany probably wont pay if they rise the Bailout-Funds. Remember,Germany pays the most without having much influence on the Conditions. Merkel isnt caving in,yet,to the EU for this very reason.

Our Politicians cant sell it to us People anymore,no matter what,we are pissed already that we have to work more for less,get cuts everywhere and pay more for everything,to pay for other Nations mismanagmenent. And some Polticians already say they wont agree to this BS anymore. Considering that some Partys are already beginning to collaps (FDP for axample),then such announcments are not that suprising to win over some Voters.

If Merkel caves in to the Demands of the EU,you can expect something ugly happen here in Germany.

reply to post by Shenon


You could argue that Germany has done well out of the Euro, better than most countries as it exported to the rest of the Eurozone. Part of the reason why Ireland is in the mess its in is because reckless German banks were lending to reckless Irish banks. By right, the Irish banks should default on the debt owed to the German banks that gambled, but Germany won't allow it, instead forcing the Irish state to accept a bailout and force Irish taxpayers pay for banks mistakes. Obviously a big part of the fault is with the incompetent Irish government and bankers aswell, but the rest of the EU had its part to play. Ireland and Greece also had low interest rates which helped fuel the housing bubbles and provide cheap credit because it suited France and Germany.